Written by ForexBrokers.com
In this head to head comparison of TMGM vs Axi, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When comparing TMGM to Axi, both online brokers offer a trustworthy trading environment, though with subtle differences in their credentials. TMGM, founded in 2013, and Axi, established in 2007, are not publicly traded companies nor do they operate as banks. Each broker holds two highly-valued Tier-1 licenses, indicating their credibility in the market. Additionally, Axi holds one Tier-2 license, enhancing its reputation further.
Both TMGM and Axi achieve similar Trust Scores as rated by ForexBrokers.com, with TMGM receiving a score of 83 and Axi close behind at 82. These scores place them both in the 'trusted' category, providing traders confidence in their reliability. Despite their slightly different license portfolios, TMGM and Axi maintain similar levels of trust and serve as strong candidates for those looking to engage in online trading.
| Feature |
TMGM
|
Axi
|
|---|---|---|
| Year Founded | 2013 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When it comes to comparing online brokers TMGM and Axi based on their commissions and fees, both platforms offer competitive advantages to traders, though the specifics of their pricing models differ. TMGM provides two main account types: the spread-only Classic account and the commission-based Edge account. Traders who opt for the Edge account benefit from low spreads and a commission of $3.50 per side ($7 per round trip), but it's worth noting that average spread data for key currency pairs like the EUR/USD is not readily available. This lack of data makes it harder to evaluate overall trading costs precisely. In this regard, TMGM scores 4 out of 5 stars for commissions and fees and is ranked #36 out of 62 brokers by ForexBrokers.com.
Axi, similar to TMGM, also does not provide average spread data, which can impede a detailed comparison of trading costs due to insufficient pricing transparency. However, for commissions and fees, Axi matches TMGM's rating with 4 out of 5 stars, demonstrating a comparable level of competitiveness. Despite the lack of spread data, both brokers have managed to achieve a good reputation for their pricing structures, although Axi is ranked slightly lower at #44 out of 62 brokers according to ForexBrokers.com.
In summary, both TMGM and Axi offer competitive commission structures with their unique accounts, but the absence of average spread data for both brokers makes it challenging to ascertain true trading expenses fully. Despite these limitations, their identical 4-star ratings indicate a satisfactory level of affordability for potential traders, with TMGM positioned slightly higher in the rankings compared to Axi.
| Feature |
TMGM
|
Axi
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | N/A | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing TMGM and Axi in terms of their range of investments, TMGM stands out with its vast selection. TMGM offers a striking 12,000 tradeable symbols, significantly surpassing Axi's 175 symbols. Both brokers provide options for trading forex as CFDs or spot contracts, but TMGM trails slightly with 62 tradeable forex pairs compared to Axi's offering of 65 pairs. However, both platforms align when it comes to other investment areas: neither offers exchange traded securities on U.S. or international exchanges, and both facilitate trading in cryptocurrency derivatives rather than actual cryptocurrencies.
In terms of additional features, both TMGM and Axi support copy trading, appealing to those looking to replicate the trades of successful investors. Despite their similarities, TMGM is rated higher at 4.5 stars for its range of investments whereas Axi earns a 3.5-star rating. This distinction is further reflected in their respective rankings by ForexBrokers.com, where TMGM holds the #17 spot, while Axi follows at #56. TMGM's broader array of tradable symbols and higher ratings make it a more attractive option for investors looking for a wide variety of investment choices.
| Feature |
TMGM
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 175 |
| Forex Pairs (Total) | 62 | 65 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing TMGM and Axi for their online trading platforms and tools, both platforms offer a comprehensive suite of features that cater to the needs of traders. TMGM and Axi provide access to simulated trading with free virtual demo accounts, allowing users to practice without financial risk. Neither broker offers a proprietary platform, but both support the popular MetaTrader 4 (MT4) platform, alongside MetaTrader 5 (MT5) for TMGM users. Axi stands out with ZuluTrade compatibility, offering an additional social trading option. Both brokers provide Windows-based desktop platforms and web-based platforms, making it easy for traders to access the markets from almost any device.
In terms of charting tools, TMGM and Axi match each other closely, offering 15 drawing tools and enabling trades directly from stock charts. For organizing market data, both brokers provide watch lists with seven columns. Despite similar offerings, TMGM is rated slightly higher at 4 stars, compared to Axi's 3.5 stars for trading platforms and tools. Furthermore, TMGM ranks #48 while Axi ranks #62 out of 62 brokers in ForexBrokers.com's rankings for trading platforms and tools. This comparison highlights that while both brokers offer competitive features, TMGM provides a slightly more appealing package for most traders.
| Feature |
TMGM
|
Axi
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both TMGM and Axi provide comprehensive mobile trading apps for iPhone and Android users, ensuring accessibility on the go. They support essential features like price alerts for stocks or forex, along with the ability to draw trendlines and view charts in multiple time frames. Both apps offer a range of 30 technical studies to help traders analyze market movements effectively. However, a standout feature of TMGM's app is its ability to automatically save chart drawings, a function Axi's app lacks. Additionally, while both apps provide real-time quotes in watchlists, neither offers watchlist syncing between the mobile app and online account.
In terms of user satisfaction and industry ranking, TMGM edges out Axi. TMGM's mobile app holds a rating of 4 stars and is positioned at number 47 out of 62 brokers in the Mobile Trading Apps category by ForexBrokers.com. On the other hand, Axi's app receives a slightly lower rating of 3.5 stars and ranks 59th. For traders prioritizing seamless trading experiences and efficient mobile tools, TMGM might have a slight lead over Axi. However, both apps present solid platforms for executing trades and analyzing market trends on mobile devices.
| Feature |
TMGM
|
Axi
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When considering market research options, TMGM and Axi offer distinct features tailored to different investor needs. TMGM provides daily market commentary, ensuring traders are consistently updated with market insights. While both brokers offer forex news from top-tier sources such as Bloomberg and Reuters, TMGM stands out with its partnership with Trading Central, offering technical analytics that might appeal to traders focused on in-depth technical analysis. Moreover, TMGM includes sentiment-based trading tools and research tools from Acuity Trading like Signal Centre, enhancing its research offerings. TMGM also offers an economic calendar, just like Axi.
On the other hand, Axi supports traders with tools from Autochartist, appealing to those who benefit from its technical and fundamental analysis tools. While Axi lacks daily commentary and support from Trading Central, it does offer sentiment-based trading tools akin to TMGM. Both brokers provide an economic calendar to keep traders informed of global news events. In terms of research rankings, TMGM scores a slightly higher rating of 3.5 stars compared to Axi’s 3 stars. However, both brokers are closely ranked by ForexBrokers.com, with TMGM at #53 and Axi at #55 out of 62 brokers in the research category.
| Feature |
TMGM
|
Axi
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational offerings for beginners between TMGM and Axi, there are some clear distinctions. Axi stands out with a variety of educational content for newcomers, providing over ten resources such as articles, videos, and webinars devoted to forex and CFD education. Axi also hosts regular online webinars, offering at least one each month to help clients enhance their trading knowledge. However, Axi lacks a searchable archive of recorded webinars for users to access past content. On the other hand, while TMGM doesn't offer the same quantity of beginner resources or regular webinars, it does provide a searchable archive of recorded webinars for easy reference, along with an extensive investor dictionary defining over 50 investing terms, which both brokers offer.
Additionally, Axi excels with a broad range of beginner-friendly videos specifically tailored to novices, a feature TMGM currently does not match. Neither broker provides a sizeable selection of advanced educational videos for seasoned traders. In terms of ratings, TMGM receives a slightly higher overall education score of 3.5 stars compared to Axi's 3 stars, despite Axi holding a better rank of #27 out of 62 brokers in the Education category by ForexBrokers.com, compared to TMGM's #54 ranking. Each platform offers its strengths, catering to different aspects of a trader's educational journey.
| Feature |
TMGM
|
Axi
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | No | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that TMGM is better than Axi. TMGM finished with an overall rank of #37, while Axi finished with an overall rank of #49.
TMGM stands out for its impressive education toolset, though it still trails behind the best brokers in most categories. TMGM offers a small range of markets via the MetaTrader 4 (MT4) platform. While primarily a MetaTrader broker, it also offers the more exclusive IRESS platform – though the platform-specific requirements will limit who can use it.
| Feature |
TMGM
|
Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 82 |
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Both TMGM and Axi do not offer the ability to purchase actual (delivered) cryptocurrency; however, they both provide options to buy cryptocurrency derivatives.
While both TMGM and Axi facilitate deposits and withdrawals via Skrill, Visa, Mastercard, and bank wires, TMGM also provides PayPal as an option while neither broker supports ACH or SEPA transfers.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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2 of 5| Overall Rating | TMGM | Axi | |
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| Trust Score | 83 | 82 | |
| Winner | check_circle | ||
| Review | TMGM Review |
| Broker Screenshots | TMGM | Axi | |
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| Regulation | TMGM | Axi | |
|---|---|---|---|
| Trust Score | 83 | 82 | |
| Year Founded | 2013 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | TMGM | Axi | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | TMGM | Axi | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | TMGM | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 175 | |
| Forex Pairs (Total) | 62 | 65 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | TMGM | Axi | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | TMGM | Axi | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | TMGM | Axi | |
|---|---|---|---|
| Proprietary Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | TMGM | Axi | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | TMGM | Axi | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | TMGM | Axi | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | Axi | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | TMGM | Axi | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | TMGM Review |
| Overall | TMGM | Axi | |
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| Trust Score | 83 | 82 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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