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 |
TMGM and Axi are both recognized in the online trading world for their competitive commission and fee structures. When comparing the two, TMGM offers appealing commission rates especially for its Edge account holders. The Edge account charges a minimal commission of $3.50 per side, totaling $7 for a round trip, coupled with typically low spreads. However, recent average spread data for EUR/USD is not available, which is a crucial factor for evaluating trading costs. TMGM offers flexibility with two account types: the Edge account, preferred for its commission structure, and the spread-only Classic account. Additionally, TMGM provides an Edge account option for Islamic finance customers seeking Sharia compliance, as an interest-free account is not available with the Classic option.
Comparatively, Axi also performs well in terms of commissions and fees. However, similar to TMGM, Axi does not provide average spread data, leaving room for improvement in transparency regarding trading costs. This data would allow potential clients to make more informed decisions based on overall trading expenses with Axi.
In terms of ratings, both brokers receive strong feedback for their commission and fee structures. TMGM is awarded 4 out of 5 stars and ranks 35th out of 62 brokers according to ForexBrokers.com. Similarly, Axi is rated 4 out of 5 stars but is placed slightly lower, at 44th in the same category. These rankings highlight the competitive nature of both platforms, though TMGM edges out in the standings.
| 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 it comes to the breadth of investment options, TMGM significantly stands out compared to Axi. TMGM offers a vast selection with 12,000 tradeable symbols, which provides a wide variety of opportunities for investors looking to diversify their portfolios. Despite both brokers offering the same number of forex pairs, with TMGM providing 62 and Axi 65, TMGM’s extensive range of tradeable symbols allows for more strategic investment choices. Both TMGM and Axi offer forex trading through CFDs or spot contracts, and each offers cryptocurrency derivatives while lacking the option to buy actual cryptocurrencies. Moreover, neither broker provides access to exchange-traded securities on U.S. or international exchanges.
In terms of additional trading features, both TMGM and Axi offer copy trading, which can be a helpful tool for novice traders. However, TMGM receives a higher rating of 4.5 stars for its range of investments, compared to Axi’s 3.5 stars. The robust selection of available symbols positions TMGM at a notable rank of #17 out of 62 brokers in the Range of Investments category at ForexBrokers.com. In contrast, Axi sits further down the list at #55, reflecting its narrower scope of investment opportunities. Overall, TMGM’s diverse offerings and higher ratings make it a compelling choice for investors seeking greater range and flexibility in the online trading space.
| 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.
When comparing the mobile trading apps offered by TMGM and Axi, both platforms provide apps for iPhone and Android users, ensuring accessibility across major mobile devices. Users can receive stock or forex price alerts and create watchlists with real-time quotes on both apps. Charting capabilities are significant, as both TMGM and Axi allow drawing trendlines on charts and offer a substantial number of technical studies, with 30 available in each app. Flexible viewing options are provided with the ability to access various time frames, whether daily, weekly, or intraday. However, an advantage TMGM holds over Axi is the auto-save feature for chart drawings, which is not available in Axi's app.
Syncing watchlists between the mobile app and the online account is a feature neither broker currently offers. TMGM's app, rated at 4 stars, seems to slightly edge out Axi, which holds a 3.5-star rating. Rankings from ForexBrokers.com further reflect this, placing TMGM at #46 out of 62 brokers, ahead of Axi at #59. Ultimately, both TMGM and Axi deliver competent mobile trading experiences, but TMGM's higher rating and additional chart functionality, such as auto-saving drawings, may offer a slightly better mobile trading experience for active traders.
| 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.
For beginners looking to enhance their understanding of forex and CFDs, Axi emerges as a supportive choice with a strong array of educational resources. Axi offers over ten educational pieces focusing on forex and CFDs, alongside monthly webinars designed to enrich clients' trading knowledge. Additionally, Axi caters to novice traders with a wide variety of beginner educational videos, making it a user-friendly platform for those just stepping into the trading world. Despite TMGM’s handy searchable archive of recorded webinars, it falls short in other areas, such as providing beginner-focused educational content and regular webinars.
Both Axi and TMGM provide investors with dictionaries containing a comprehensive list of definitions for at least 50 investing terms, aiding in the clarification of complex jargon. While TMGM might have a slightly higher education rating of 3.5 stars compared to Axi’s 3 stars, Axi outranks TMGM in education according to ForexBrokers.com, coming in at #26 out of 62 brokers, whereas TMGM stands at #54. Axi’s commitment to beginner education through diverse content ensures that learners have access to the tools they need to get started confidently in trading.
| 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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0 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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