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 comparing online brokers TMGM and Axi, both offer competitive fees and have been rated equally. TMGM provides two types of accounts: the spread-only Classic account and the commission-based Edge account. The Edge account charges a small commission of $3.50 per side, totaling $7 per round trip, along with low spreads. However, the lack of available average spread data for the EUR/USD limits a comprehensive comparison. Meanwhile, Axi's average spread data is also unavailable, making it difficult to directly compare trading costs between the two brokers. Both TMGM and Axi receive a solid 4-star rating for commissions and fees.
For traders seeking interest-free trading accounts, TMGM offers an Islamic finance option through its Edge account, while the Classic option does not support swap-free accounts. Axi does not provide specific information regarding interest-free accounts. In terms of industry rankings by ForexBrokers.com, TMGM holds the 36th position out of 63 brokers, surpassing Axi, which is ranked 43rd in the Commissions and Fees category.
| 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 with Axi, both brokers provide the opportunity to trade forex as a CFD or spot contract, but they differ significantly in terms of the number of tradeable symbols. TMGM offers an impressive 12,000 tradeable symbols, whereas Axi provides 175. Although Axi edges out TMGM slightly in tradeable forex pairs, offering 65 pairs to TMGM's 62, this difference is minor against the broader backdrop of available assets. Both TMGM and Axi do not offer exchange-traded securities on U.S. or international exchanges, and they stay on par with offerings in the cryptocurrency space through derivatives only, without the option to buy actual cryptocurrencies.
For those interested in copy trading, TMGM and Axi both provide this feature, allowing users to follow and replicate trades from other investors. In terms of recognitions, TMGM is highly rated for its range of investments, earning 4.5 stars and ranking 17th out of 63 brokers, indicating a comprehensive suite of offerings. Axi, with a 3.5-star rating, ranks 56th, reflecting a somewhat narrower range of options. These distinctions showcase TMGM as the more favorable choice for traders seeking extensive investment opportunities.
| 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 trading platforms and tools, both brokers offer a comprehensive suite designed for various trading needs. TMGM and Axi provide traders with the ability to use a free virtual demo account, making simulated trading accessible for practice and strategy development. Despite neither broker having a proprietary platform, they both feature the widely popular MetaTrader 4 on desktop and web-based applications, allowing for hassle-free access from multiple devices. While TMGM extends its offering with MetaTrader 5, Axi does not, yet it stands out by supporting ZuluTrade for social trading enthusiasts. Copy trading is available with both brokers, catering to those who prefer mirroring successful trades of experienced investors.
Charting capabilities are robust with both TMGM and Axi providing 15 drawing tools and allowing direct trading from stock charts, thus enhancing technical analysis. When it comes to watch lists, traders can utilize seven columns to track their preferred assets. TMGM scores better with a 4-star rating as opposed to Axi’s 3.5 stars in the Trading Platforms and Tools category, also reflecting in ForexBrokers.com's rankings where TMGM is placed at #48 and Axi at #63 out of 63 brokers. Overall, TMGM seems to offer a slightly more favorable trading platform experience compared to Axi, particularly for those interested in the added benefits of MT5.
| 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 of TMGM and Axi, both brokers offer apps compatible with iPhone and Android devices. They also provide stock and forex price alerts, real-time watchlists, and the capability to draw trendlines and view multiple time frames on charts. However, a key difference lies in how TMGM and Axi handle chart drawings. TMGM's app automatically saves any drawings made on stock or forex charts, whereas Axi's app does not. Neither broker offers watchlist symbol syncing between the mobile app and the online account, which might be a consideration for those who frequently switch between devices.
In terms of technical charting features, both TMGM and Axi provide 30 technical studies for chart analysis in their mobile apps. TMGM slightly edges out Axi in user ratings with a 4-star rating compared to Axi's 3.5 stars. According to ForexBrokers.com, among 63 brokers, TMGM is ranked #47 for mobile trading apps, while Axi is placed further down at #59. This ranking suggests that users generally find TMGM's mobile trading experience more satisfactory compared to Axi's.
| 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 choosing between TMGM and Axi for market research, there are several key differences to consider. TMGM provides daily market commentary, giving traders insightful updates each day, while Axi does not offer this service. Both brokers supply forex news from renowned sources like Bloomberg and Reuters, though Axi stands out by offering tools from Autochartist for technical analysis, a feature not available with TMGM. Conversely, TMGM collaborates with Trading Central for technical tools, which Axi lacks. Additionally, both brokers offer sentiment-based trading tools, but TMGM offers research tools from Acuity Trading, unlike Axi.
Other features such as an economic calendar are available with both TMGM and Axi, providing information on global news events. In terms of research ratings, TMGM is rated slightly higher, earning 3.5 stars compared to Axi's 3 stars. When ranked among 63 brokers by ForexBrokers.com for research capabilities, TMGM sits at #53, a bit higher than Axi at #55. Ultimately, TMGM offers more tools and services that may appeal to traders seeking a more comprehensive suite of research options compared to Axi.
| 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 it comes to educational resources for beginners, online brokers TMGM and Axi provide different offerings. TMGM does not offer an extensive range of materials, falling short of providing at least ten pieces of content on forex or CFDs for beginners. However, TMGM does have a searchable archive of recorded webinars and provides an investor dictionary with over 50 investment terms. On the contrary, Axi offers a robust collection of beginner-focused resources, including more than ten educational pieces and video tutorials on trading. They also host regular online webinars for their clients, yet do not offer a searchable archive of recorded sessions.
In terms of educational ratings and rankings, TMGM receives a slightly higher score than Axi with 3.5 stars compared to Axi's 3 stars. Interestingly, despite TMGM's higher star rating, it ranks lower in the educational category according to ForexBrokers.com, sitting at #54 out of 63 compared to Axi's #27 ranking. Both brokers provide investor dictionaries with numerous terms, ensuring users have access to essential trading definitions. For beginner traders prioritizing comprehensive educational resources and ongoing live learning opportunities, Axi seems to have the upper hand, whereas TMGM may appeal to those preferring access to previously aired webinar content.
| 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 63 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
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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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