Written by ForexBrokers.com
In this head to head comparison of TMGM vs ATFX, 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.
TMGM, established in 2013, and ATFX, founded in 2017, are both online brokerage firms that are not publicly traded and do not operate as banks. When it comes to regulatory strength, ATFX holds a slight edge with four Tier-1 licenses compared to TMGM’s two. Both brokers are considered trusted, with TMGM earning a Trust Score of 83 and ATFX a slightly higher score of 85 according to ForexBrokers.com.
In addition to their Tier-1 licenses, ATFX is further bolstered by two Tier-2 licenses, reinforcing its status as a trusted platform. TMGM, meanwhile, doesn’t hold any Tier-2 licenses. For those prioritizing regulatory oversight, ATFX may present a more appealing option, although both brokers maintain a solid position in terms of trust and reliability within the online trading community.
| Feature |
TMGM
|
ATFX
|
|---|---|---|
| Year Founded | 2013 | 2017 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 4 |
| Tier-2 Licenses | 0 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing TMGM and ATFX in terms of commissions and fees, TMGM emerges as the more cost-effective choice. TMGM offers competitive commission rates through its Edge account, which features low spreads and no requotes. While exact average spread data for popular trading pairs like EUR/USD is not readily available, the Edge account still stands out with a nominal commission of $3.50 per side, totaling $7 per round trip. Additionally, Islamic finance traders will find the Edge account beneficial, as it provides an interest-free option that complies with Sharia law.
In contrast, ATFX does not provide average spread data, which can make assessing its overall trading costs more challenging for potential clients. Despite this, both brokers have been rated for their commissions and fees, with TMGM receiving an impressive 4 out of 5 stars, while ATFX lags slightly behind with a 3-star rating.
Moreover, in the Commissions and Fees category ranked by ForexBrokers.com, TMGM holds the 36th position out of 63 brokers, showcasing its relatively favorable cost structure. On the other hand, ATFX is positioned at rank 60, indicating that it may be less competitive in terms of fee-related offerings.
| Feature |
TMGM
|
ATFX
|
|---|---|---|
| Minimum Deposit | $100 | $500 |
| 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 comparing the range of investments offered by TMGM and ATFX, TMGM clearly stands out with a significantly larger selection. TMGM boasts an impressive 12,000 tradeable symbols, including 62 forex pairs, allowing investors to diversify their portfolios more extensively. In contrast, ATFX offers 150 tradeable symbols with 44 forex pairs. Both brokers provide forex trading via CFDs or spot contracts and support cryptocurrency derivatives, although neither offers direct purchase of cryptocurrencies or exchange-traded securities on U.S. or international exchanges.
TMGM and ATFX both cater to traders interested in copy trading; however, TMGM's broader range of investments makes it more appealing for those seeking variety. Reflecting this, TMGM earns a rating of 4.5 stars for its range of investments, placing it 17th out of 63 brokers on ForexBrokers.com. ATFX, on the other hand, holds a 3.5-star rating and ranks 57th, underlining its more limited investment offerings in comparison to TMGM.
| Feature |
TMGM
|
ATFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12000 | 150 |
| Forex Pairs (Total) | 62 | 44 |
| 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 ATFX, both online brokers offer useful trading platforms and tools for traders. Users can access a free virtual demo account with both brokers, providing an opportunity to practice trading without financial risk. TMGM and ATFX supply commonly used MetaTrader 4 and MetaTrader 5 platforms, accessible via Windows desktop downloads and web-based platforms, ensuring flexibility between devices. Despite neither broker offering a proprietary platform, they both allow for copy trading. For charting, they each provide 15 drawing tools and the ability to trade directly from stock charts. TMGM and ATFX do not include DupliTrade or ZuluTrade services in their offerings. They equally offer seven fields for watch lists.
TMGM slightly edges out ATFX in overall ratings for trading platforms and tools, with TMGM earning 4 stars compared to ATFX’s 3.5 stars. TMGM ranks #48 in the Trading Platforms and Tools category by ForexBrokers.com, whereas ATFX is positioned lower at #62 out of 63 brokers. These differences might appeal to traders prioritizing platform rankings and tool ratings, guiding them in choosing between TMGM and ATFX. While both brokers present similar features, this subtle difference in ratings and rankings could be crucial in making a final decision.
| Feature |
TMGM
|
ATFX
|
|---|---|---|
| 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 | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| 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 it comes to mobile trading apps, both TMGM and ATFX offer iPhone and Android applications that cater to traders on the go. Both platforms provide stock and forex price alerts, ensuring you stay informed of market changes. However, neither TMGM nor ATFX sync watchlist symbols with your online account, meaning any changes you make won't reflect across all devices. Where TMGM excels is in its offering of 30 technical studies for mobile charting, compared to ATFX's seven. Both apps allow users to draw trendlines on charts and view multiple time frames, such as daily, weekly, or intraday. They also auto-save chart drawings and offer the creation of watchlists with real-time quotes.
Despite these similarities, TMGM pulls ahead in user ratings and rankings. It boasts a four-star rating for its mobile trading apps, compared to ATFX's 3.5 stars. Additionally, ForexBrokers.com ranks TMGM at number 47 out of 63 brokers in the Mobile Trading Apps category, while ATFX comes in at number 63. These differences suggest that while both platforms provide essential features, TMGM has a slight edge in user satisfaction and technical capabilities.
| Feature |
TMGM
|
ATFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 7 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
TMGM and ATFX both provide daily market commentary, offering traders timely insights into market dynamics. However, TMGM takes the lead when it comes to offering forex news from top-tier sources like Bloomberg and Reuters, which ATFX does not provide. While ATFX offers advanced tools like Autochartist for technical and fundamental analysis, both brokers equip users with Trading Central analytics to facilitate informed trading decisions. Additionally, TMGM surpasses ATFX by providing a sentiment-based trading tool that delivers insights into market positioning across various currency pairs.
When it comes to additional research tools, TMGM offers resources from Acuity Trading, unlike ATFX. Both brokers feature an economic calendar to keep traders updated on significant global events. In the realm of research quality, TMGM slightly edges out with a rating of 3.5 stars compared to ATFX's 3-star rating, placing TMGM at rank 53 and ATFX at rank 54 out of 63 brokers according to ForexBrokers.com. Overall, TMGM offers a more comprehensive suite of market research tools, making it a more attractive option for traders seeking extensive market data.
| Feature |
TMGM
|
ATFX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources provided by TMGM and ATFX, beginners looking to learn about forex and CFDs trading will find notable differences. TMGM does not provide a comprehensive library of educational content focused on forex or CFDs. In contrast, ATFX offers a wealth of educational resources, including more than ten pieces of content such as articles, videos, and archived webinars on these subjects. Additionally, both brokers maintain a searchable archive of past client webinars, giving learners access to a variety of discussed topics. While neither broker hosts live monthly webinars, ATFX shines with a collection of over ten beginner-targeted videos; unfortunately, TMGM does not offer a similar range. Both platforms do provide an investor dictionary that covers over 50 common trading terms, aiding newcomers in developing essential vocabulary.
TMGM and ATFX also differ in their education ratings and industry rankings. TMGM has a slightly higher education rating of 3.5 stars compared to ATFX’s 3 stars, yet interestingly, ATFX holds a much better position at #28 out of 63 brokers in the education rankings on ForexBrokers.com, while TMGM is placed at #54. This suggests that although TMGM rates marginally better in overall educational experience, ATFX remains a more popular choice among brokers for its educational offerings. Whether seeking expansive resources or accessible beginner content, conducting a thorough comparison of what each platform offers can help newcomers decide which broker aligns best with their learning goals.
| Feature |
TMGM
|
ATFX
|
|---|---|---|
| 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 63 of the best forex brokers, our research and account testing finds that TMGM is better than ATFX. TMGM finished with an overall rank of #37, while ATFX finished with an overall rank of #51.
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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ATFX
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|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 85 |
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Neither TMGM nor ATFX offer the ability to buy actual delivered cryptocurrency, but both provide opportunities to trade cryptocurrency derivatives.
Comparing online brokers TMGM and ATFX, both do not support ACH or SEPA transfers, while TMGM offers PayPal, Skrill, Visa, Mastercard, and bank wires for fund transactions, and ATFX provides Skrill, Visa, Mastercard, and bank wires, but lacks PayPal support.
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 | ATFX | |
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| Trust Score | 83 | 85 | |
| Winner | check_circle | ||
| Review | TMGM Review |
| Broker Screenshots | TMGM | ATFX | |
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| Regulation | TMGM | ATFX | |
|---|---|---|---|
| Trust Score | 83 | 85 | |
| Year Founded | 2013 | 2017 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 4 | |
| Tier-2 Licenses | 0 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | TMGM | ATFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| 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 | ATFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| 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 | No |
| Investments | TMGM | ATFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12000 | 150 | |
| Forex Pairs (Total) | 62 | 44 | |
| 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 | ATFX | |
|---|---|---|---|
| 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 | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | TMGM | ATFX | |
|---|---|---|---|
| Minimum Deposit | $100 | $500 | |
| 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 | ATFX | |
|---|---|---|---|
| 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 | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | TMGM | ATFX | |
|---|---|---|---|
| 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 | ATFX | |
|---|---|---|---|
| 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 | 7 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | TMGM | ATFX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | TMGM | ATFX | |
|---|---|---|---|
| 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 | ATFX | |
|---|---|---|---|
| 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 | ATFX | |
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| Trust Score | 83 | 85 | |
| Winner | check_circle | ||
| Review | TMGM Review |
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