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, both brokers offer competitive commission structures designed to cater to different trading needs. TMGM provides a range of options with its Classic and Edge accounts. The Edge account is particularly appealing for those who prefer low spreads, accompanied by a modest commission of $3.50 per side. This makes it a suitable choice, especially for Islamic finance customers seeking Sharia-compliant options, as the Classic account does not offer swap-free conditions.
Exness, on the other hand, impresses with a diverse selection of account types, including both standard and professional accounts. For traders interested in social copy trading, Exness also provides tailored options. The Raw account is notably competitive, with a commission of up to $7 per round trip and low spreads, similar to TMGM's Edge account. Moreover, their Zero Spread account, charging a minimal commission of $0.05 per trade, offers a cost-effective alternative for traders prioritizing minimal spreads.
In terms of ratings, both TMGM and Exness earn a commendable 4-star rating for their commissions and fees. However, in the ForexBrokers.com ranking, Exness slightly edges out TMGM, taking the 35th place compared to TMGM's 36th out of 62 brokers. This highlights their close competition in providing cost-effective trading solutions.
| 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.
When examining the range of investments between TMGM and Exness, both brokers offer the ability to trade forex through CFDs or spot contracts, making them viable options for forex traders. TMGM stands out by offering an impressive 12,000 tradeable symbols, significantly more than Exness's 227 symbols. While Exness provides access to 96 tradeable forex pairs compared to TMGM's 62, TMGM still earns a higher rating of 4.5 stars for its diverse investment range, as determined by ForexBrokers.com. In contrast, Exness receives a 3.5-star rating in the same category, highlighting the broader appeal of TMGM's offerings.
Both brokers also offer cryptocurrency derivatives, yet neither provides access to actual, delivered cryptocurrencies or exchange-traded securities on U.S. or international exchanges. Investors interested in replicating successful trading strategies will appreciate that both TMGM and Exness facilitate copy trading. Despite similarities in some areas, TMGM's comprehensive range propels it to an impressive 17th place in the Range of Investments category on ForexBrokers.com, whereas Exness finds itself positioned at 55th. This makes TMGM a particularly appealing choice for traders seeking extensive options in their investment portfolio.
| 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 it comes to trading platforms and tools, both TMGM and Exness offer a range of features that cater to traders of all levels. Both brokers provide a demo account option, allowing users to practice their strategies without financial risk. While TMGM primarily relies on popular third-party platforms like MetaTrader 4 and MetaTrader 5, Exness adds a unique touch with its proprietary platform, offering a distinctive trading experience. Both brokers cater to Windows users with desktop platforms and offer convenient web-based platforms for traders who prefer browser-based access. Additionally, both TMGM and Exness support copy trading, which can be a great way for users to mimic successful trading strategies.
Despite these similarities, there are notable differences that set them apart. Exness significantly surpasses TMGM in the number of drawing tools available for charting, boasting 87 compared to TMGM's 15. Both brokers offer seven columns for watch lists, making it easy for traders to customize their setups. In terms of user ratings, both TMGM and Exness earn a solid four-star rating for their trading platforms and tools. However, according to ForexBrokers.com, Exness is ranked 26th among 62 brokers in the Trading Platforms and Tools category, whereas TMGM is placed at 48th. This suggests that while both brokers provide reliable services, Exness might offer a slight edge in overall user satisfaction and tool diversity.
| 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.
When it comes to mobile trading apps, both TMGM and Exness have made efforts to cater to traders on the go. Each offers applications for iPhone and Android devices, ensuring accessibility regardless of your smartphone choice. Both platforms provide stock and forex price alerts, enabling traders to stay informed with real-time information. Additionally, users can enjoy the feature of drawing trendlines on charts and the ability to switch between various time frames such as daily, weekly, or intraday. However, while both brokers allow the creation of watchlists with real-time quotes, neither offers the syncing of watchlist symbols between the mobile app and an online account.
In terms of charting tools, Exness slightly edges out with 35 technical studies available compared to TMGM's 30. However, TMGM has the advantage of auto-saving drawings on charts, a feature not available with Exness. Despite sharing the same four-star rating on mobile trading apps, Exness has a better ranking from ForexBrokers.com, standing at 26th out of 62 brokers, whereas TMGM ranks at 47th. While both apps provide essential features that cater to a trader's needs, the few differences in technical capabilities might influence a trader's preference based on individual trading strategies.
| 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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