Written by ForexBrokers.com
In this head to head comparison of TMGM vs Exness, 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 it comes to comparing the online brokers TMGM and Exness, both have carved a niche in the trading world with their strong regulatory frameworks. Founded in 2013, TMGM holds two Tier-1 licenses, which are indicators of a high level of trust. Exness, established earlier in 2008, also holds two highly regarded Tier-1 licenses but surpasses TMGM in Tier-2 licenses with three in their collection. Despite both firms not being publicly traded or banks, they maintain transparency and reliability in the financial sector.
In terms of trustworthiness, TMGM earns a slight edge with its ForexBrokers.com Trust Score of 83, categorizing it as trusted. Exness follows closely behind with a Trust Score of 81, sharing the same trusted rating band. These ratings signify that both brokers are reliable choices for online trading, but TMGM's higher score might offer peace of mind for those prioritizing trust ratings in their decision-making process.
| Feature |
TMGM
|
Exness
|
|---|---|---|
| Year Founded | 2013 | 2008 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 3 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 3 |
When comparing TMGM and Exness for their commissions and fees, both brokers offer competitive trading conditions, yet differ in their account structures. TMGM provides traders with a choice between a spread-only Classic account and a commission-based Edge account. The Edge account is particularly attractive as it charges a small commission of $7 per round trip, alongside low spreads, although specific average spread data for the EUR/USD pair is missing. Islamic finance customers should note that swap-free accounts are available only with the Edge account. TMGM earns a 4-star rating for its commissions and fees, ranking at #35 among 62 brokers.
Exness, on the other hand, offers a broader array of account types, including two standard accounts and three professional accounts, each with distinct trading conditions. Notably, the Zero Spread account charges a minimal per-trade commission of $0.05, providing market execution with flexible leverage options. The Raw account, similar to TMGM's Edge account, charges up to $7 per round turn with reduced spreads. Exness matches TMGM with a 4-star rating but ranks slightly lower at #38 among 62 brokers.
| Feature |
TMGM
|
Exness
|
|---|---|---|
| Minimum Deposit | $100 | $10 |
| 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 | No |
| 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.
TMGM and Exness both offer forex trading through CFDs or spot contracts, making them attractive options for forex enthusiasts. TMGM boasts an impressive 12,000 tradeable symbols compared to Exness's 227, providing a significant advantage in the range of available investment options. However, when it comes to forex pairs, Exness offers more choices with 96 pairs, surpassing TMGM's offering of 62. While neither broker provides access to direct purchases of exchange-traded securities on U.S. or international exchanges, both platforms support copy trading and offer cryptocurrency derivatives, though actual cryptocurrency purchases are not possible.
In terms of user ratings, TMGM scores higher with 4.5 stars for its range of investments, while Exness is rated 3.5 stars. This discrepancy is reflected in their rankings by ForexBrokers.com, where TMGM is ranked 17th out of 62 brokers, contrasting sharply with Exness's 56th place. When deciding between the two, TMGM could be preferred by those looking for a broader array of symbols to trade, while Exness might better suit those focusing on a wider selection of forex pairs.
| Feature |
TMGM
|
Exness
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 227 |
| Forex Pairs (Total) | 62 | 96 |
| 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 weighing TMGM against Exness for trading platforms and tools, both brokers offer an array of features appealing to traders of all levels. Both TMGM and Exness provide simulated trading with free virtual demo accounts, making them excellent choices for beginners who wish to hone their skills without financial risk. Each offers desktop and web-based trading platforms, ensuring flexibility whether you prefer trading on a computer or through a browser. TMGM and Exness support popular platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as copy trading, yet neither broker includes DupliTrade or ZuluTrade as part of their offerings.
Though Exness sets itself apart by offering a proprietary platform, both brokers allow trading directly from stock charts and offer watch lists with seven fields. Analyzing their charting tools, Exness outshines TMGM with 87 drawing tools compared to TMGM's 15, although the specific number of technical indicators offered remains unspecified for both. Rated four stars for their tools and platforms, TMGM certainly holds its own; however, Exness ranks higher at #31 among 62 brokers on ForexBrokers.com, whereas TMGM finds itself further down the list at #48. Both brokers present a solid suite of trading tools, but your choice may ultimately depend on personal preferences for charting and platform variety.
| Feature |
TMGM
|
Exness
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 107 |
| Charting - Drawing Tools (Total) | 15 | 87 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both TMGM and Exness provide mobile trading apps for iPhone and Android users, allowing traders to stay connected and manage their investments on the go. They both offer price alerts for stocks and forex, so you can stay up to date with the latest market movements. However, neither broker supports the syncing of watchlist symbols between mobile apps and online accounts, meaning any changes in one location won't update in the other automatically. When it comes to technical studies, Exness takes a slight edge with 35 options compared to TMGM's 30, enhancing your technical analysis capabilities. Both apps allow you to draw trendlines and view various time frames on charts, but only TMGM offers the convenience of auto-saving these drawings.
Creating watchlists with real-time quotes is possible on both platforms, which is essential for keeping an eye on the markets. In terms of ratings, both TMGM and Exness receive four out of five stars for their mobile trading apps, reflecting user satisfaction. However, according to ForexBrokers.com, Exness is ranked higher at #32 out of 62 brokers, while TMGM comes in at #46, indicating a better overall perception of Exness's mobile offerings. Whether you choose TMGM or Exness, both trading apps offer solid features for mobile traders, but your final decision might hinge on the importance of specific features like the number of technical studies or the ability to save chart drawings.
| Feature |
TMGM
|
Exness
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 35 |
| 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.
Both TMGM and Exness offer valuable daily market commentary and provide forex news from esteemed sources like Bloomberg and Reuters, ensuring traders are well-informed. They equally provide tools from Trading Central, adding a significant advantage for those needing technical analysis. However, neither broker incorporates Autochartist, and while TMGM utilizes Acuity Trading tools, Exness does not. Both platforms also offer sentiment-based trading tools and maintain economic calendars highlighting key global economic events, helping traders keep track of market movements.
With both brokers earning a solid 3.5-star rating for research, they stand out in different ways. Despite their equal star ratings, Exness takes a slightly higher position in ForexBrokers.com rankings at #41, compared to TMGM's #53. This difference could guide traders based on their preference for a slightly higher-ranked broker for research. However, TMGM's additional tool from Acuity Trading might appeal to those seeking dynamic trading signals, thus offering a tailored advantage depending on one's individual trading research needs.
| Feature |
TMGM
|
Exness
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| 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 TMGM to Exness in terms of educational resources for new traders, there are several key differences. Exness stands out by offering a comprehensive selection of educational materials, including more than ten articles, videos, and archived webinars, all focusing primarily on forex and CFD topics. In contrast, TMGM falls short in this area. Both brokers provide a searchable archive of past client webinars, making it easy for traders to access previously shared insights and learn at their own pace. However, neither broker offers monthly online educational webinars for clients.
When it comes to beginner-focused educational videos, Exness again has an edge, offering a wide range of options specifically designed for newcomers. TMGM does not meet this criterion. While both brokers offer investor dictionaries featuring definitions of at least 50 investing terms, this is one area where they come together in support of traders’ learning. Despite these resources, both TMGM and Exness share an identical education rating of 3.5 out of five stars. However, Exness is ranked higher than TMGM for education among 62 brokers, providing a slightly more competitive advantage in terms of preparing new traders for success.
| Feature |
TMGM
|
Exness
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | Yes |
| 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 Exness. TMGM finished with an overall rank of #37, while Exness finished with an overall rank of #43.
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
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Exness
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 81 |
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Both TMGM and Exness do not offer the ability to purchase actual delivered cryptocurrency, but they do provide access to cryptocurrency derivatives.
While both TMGM and Exness provide options for depositing and withdrawing funds via Skrill, Visa or Mastercard, and bank wires, TMGM sets itself apart by offering PayPal, a feature not available with Exness, whereas 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 | Exness | |
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| Trust Score | 83 | 81 | |
| Winner | check_circle | ||
| Review | TMGM Review | Exness Review |
| Broker Screenshots | TMGM | Exness | |
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| Regulation | TMGM | Exness | |
|---|---|---|---|
| Trust Score | 83 | 81 | |
| Year Founded | 2013 | 2008 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 3 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 3 |
| Tier-1 Licenses (Highly Trusted) | TMGM | Exness | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| 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 | Yes |
| Tier-2 Licenses (Trusted) | TMGM | Exness | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | Yes | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | Yes |
| Investments | TMGM | Exness | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 227 | |
| Forex Pairs (Total) | 62 | 96 | |
| 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 | Exness | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | TMGM | Exness | |
|---|---|---|---|
| Minimum Deposit | $100 | $10 | |
| 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 | Exness | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | TMGM | Exness | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 107 | |
| Charting - Drawing Tools (Total) | 15 | 87 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | TMGM | Exness | |
|---|---|---|---|
| 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 | 35 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | TMGM | Exness | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | Exness | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | No | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | TMGM | Exness | |
|---|---|---|---|
| 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 | Exness Review |
| Overall | TMGM | Exness | |
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| Trust Score | 83 | 81 | |
| Winner | check_circle | ||
| Review | TMGM Review | Exness Review |
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