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 |
TMGM provides traders with attractive commission rates, especially through its Edge account, which charges a modest $3.50 per side or $7 per round trip, coupled with low prevailing spreads. Users can choose between two main account types—Classic and Edge—where the latter focuses on competitive commission costs. For those seeking Sharia-compliant options, the Edge account is the go-to choice, as the Classic account does not offer an interest-free option. TMGM, holding a 4-star rating for its commissions and fees from ForexBrokers.com, stands at 36th out of 63 brokers in this category.
Exness, on the other hand, offers a wider array of account types, including two standard and three professional accounts. Among these, the commission-based accounts offer narrower spreads compared to their commission-free counterparts, though your selection can tailor your overall trading costs further. Account types like the Zero Spread and Raw offer unique structures, with the Zero Spread imposing a $0.05 per-trade commission and the Raw account charging up to $7 per round trip. Both accounts maintain market execution, with no leverage or stop-out restrictions, adding a layer of choice for traders. With a similar 4-star rating, Exness ranks slightly higher than TMGM, taking the 35th spot in ForexBrokers.com's commissions and fees category.
While TMGM and Exness both share a 4-star rating for their commissions and fees, Exness's broader range of account types slightly edges out TMGM in rankings. However, TMGM's straightforward approach with its Edge account, offering low commissions and spreads, continues to make it an attractive option, particularly for traders seeking simplicity and compliance with Islamic finance. Exness’s diverse offerings appeal to traders looking for flexibility and tailored trading conditions across various market scenarios.
| 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 evaluating the range of investments offered by TMGM and Exness, both platforms provide opportunities for forex trading through CFDs. TMGM impresses with a broader selection, offering 12,000 tradeable symbols and 62 forex pairs, while Exness offers 227 symbols and a larger variety of forex pairs totaling 96. Although neither broker provides access to buy actual exchange-traded securities on U.S. or international markets, both platforms support copy trading and offer cryptocurrency derivatives, giving traders alternative ways to engage with these markets.
In terms of overall ratings, TMGM is highly regarded with a 4.5-star rating for its range of investments, ranking 17th out of 63 brokers according to ForexBrokers.com. Exness, on the other hand, holds a 3.5-star rating and ranks 55th, indicating a narrower scope of investment choices. Traders seeking more comprehensive access to varied tradeable symbols may find TMGM to be the superior option, while those prioritizing a diverse array of forex pairs might consider Exness, despite its lower overall ranking and rating.
| 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 comparing TMGM and Exness for their trading platforms and tools, both brokers provide access to MetaTrader 4 and MetaTrader 5, in addition to offering a free virtual demo account to practice trading without financial risk. While neither broker has a proprietary platform, they enable trading via both a Windows-based desktop download and a web-based interface. A notable distinction is Exness's advantage with a significantly larger selection of 87 drawing tools for charting compared to TMGM's 15. Both brokers facilitate convenience by supporting trade execution directly from stock charts and provide seven columns for watchlists, offering ample customization to track preferred assets.
Though TMGM and Exness each receive a four-star rating for their trading platforms and tools, their rankings differ significantly. Exness is placed at #26 among 63 brokers in the Trading Platforms and Tools category by ForexBrokers.com, whereas TMGM holds the #48 spot. Both brokers support copy trading, but they do not offer DupliTrade or ZuluTrade. The choice between them may come down to Exness's broader set of technical tools, despite both platforms offering a comprehensive and user-friendly trading experience.
| 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 accessible mobile trading apps for iPhone and Android users, catering to on-the-go traders. They offer essential features like stock and forex price alerts, the ability to draw trendlines, multiple time frame views, and watchlist creation with real-time quotes. TMGM boasts 30 technical studies in its app, while Exness offers a slightly greater variety with 35. However, neither broker supports watchlist symbol syncing, which could be a downside for traders looking for seamless integration between their mobile app and online account. TMGM does have the advantage of auto-saving chart drawings, a feature Exness lacks.
When considering app ratings, both TMGM and Exness earn a solid 4 stars for their mobile trading offerings. Despite similar scores, they differ in rankings: Exness is ranked #26, while TMGM falls behind at #47 out of 63 brokers, according to ForexBrokers.com. This indicates that Exness might provide a slightly more favorable mobile trading experience, although both brokers fulfill many essential requirements for effective mobile trading. Overall, the choice between TMGM and Exness should depend on individual preferences for specific features.
| 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 strong market research tools for online trading, providing users with daily market commentary and forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones. Each broker also integrates technical analysis tools from Trading Central and sentiment-based trading tools, allowing traders to access a comprehensive view of long or short positions across currency pairs. Furthermore, they both feature handy economic calendars that keep traders informed about current and upcoming global events that might influence trading strategies.
When it comes to unique offerings, TMGM has a slight edge by providing research tools from Acuity Trading, such as the Signal Centre, which Exness does not offer. Despite these resources, both brokers are rated 3.5 out of 5 stars for research, indicating a comparable level of service. However, in terms of ranking by ForexBrokers.com for the research category, Exness is positioned higher at 41st out of 63 brokers, compared to TMGM's 53rd place. This suggests that while both brokers offer substantial tools, Exness may have a slight advantage in how these are perceived or utilized by their clients.
| 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 it comes to educational resources for budding traders, TMGM and Exness offer distinct features. TMGM provides a searchable archive of previously recorded webinars and an investor dictionary with definitions for over 50 investing terms. However, it lacks a range of beginner-focused educational content such as articles, videos, or webinars, falling short in offering at least ten videos specifically for new traders. On the other hand, Exness shines with a minimum of ten forex or CFD educational pieces and a collection of beginner educational videos covering various trading topics. Like TMGM, Exness also offers a searchable archive of past webinars and an extensive investor dictionary.
Despite these differences, both TMGM and Exness have received a 3.5-star rating for their educational offerings. In terms of ranking, Exness is slightly ahead, positioned at #47, while TMGM is ranked at #54 out of 63 brokers according to ForexBrokers.com. While Exness may have a more extensive range of beginner educational resources, both brokers provide valuable learning tools for those eager to deepen their trading knowledge. New traders should weigh these offerings when deciding which platform best meets their educational needs.
| 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 63 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 |
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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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