TMGM Vs. Axi (AxiTrader) - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 74-89% of retail CFD accounts lose money.	Visit 74.1% of retail CFD accounts lose money.
Overview
TMGM is an Australian broker specialised in financial derivatives known as contract-for-differences (CFDs). Operating since 2013, TMGM provides trading in forex, stocks, indices, cryptocurrencies and commodities.	Axi (previously known as AxiTrader) is an Australian broker offering CFDs products on FX, Stocks, Indices, Commodities and Cryptocurrencies.
Best For
Swing traders who can use high leverage Stock traders who do not have access or funds to trade with specialised brokers	Experienced FX Traders looking to benefit from their custom account offering High volume traders looking to benefit from their 0 pips spreads
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 1 Other Licenses 2 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 3 Other Licenses 1 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
ASIC (Australia) FMA (New Zealand) VFSC (Vanuatu)	ASIC (Australia) FCA (Uk) ADGM (United Arab Emirates) SVGFSA (St. Vincent & the Grenadines)
The Good
High and flexible leverage No deposit or withdrawal fees Supports Expert Advisors (EAs), hedging and news trading	Competitive account offering for all trader levels with spreads from 0 pips
The Bad
Only has financial derivatives (CFDs) Inactivity fee is tied to minimum account balance	All assets are CFDs (No real stocks or ETFs offered) Extremely low asset offering (around 150 instruments)
Status
Operational	Operational
Recent News
No fresh news at the moment. Check again soon!	No fresh news at the moment. Check again soon!
Key Data
⌛ Account Opening Time
1 day	1 day
📋 Documents Required
Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.	Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.
📍 Year Founded
2013	2007
💳 Minimum Deposit Range
$100	0
💰 Payment Methods
Bank Transfer Credit cards Debit cards FasaPay Neteller RMB Instant Revolut Paytrust Skrill Sticpay UnionPay Wise	Visa Mastercard Bank Transfer Neteller Skrill Sofort Giropay iDeal Polish Internet Banking Global Collect
💵 Account Base Currencies
6 - EUR, USD, GBP, AUD, NZD, CAD.	10 - AUD, CAD, CHF, EUR, HKD, JPY, NZD, PLN, SGD, USD
🗽 Available to U.S Citizens
No	No
❌ Restricted Countries
US.	None
📊 STP Account
Yes	No
📊 DMA Account
Yes	Yes
📊 ECN Account
Yes	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
CFDs	CFDs
Total Asset Offering
12,091	229
Exchange Access
0	0
📙 Real Stocks
0	0
📙 Stock CFDs
12,000	50
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
55	140
📗 Commodities
0	0
📗 Commodities CFDs
6	14
📕 Indices
0	0
📕 Indices CFDs
15	14
📔 ETFs
0	0
📔 ETFs CFDs
0	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
15	11
📒 Bonds
0	0
📒 Bonds CFDs
0	0
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
0	0
Trading Experience
📈 Minimum Stock Trade Size
1 Share	$1,000 (0.01 Lots)
📉 Minimum ETFs Trade Size
Unavailable	Unavailable
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC)	$1,000 (0.01 Lots)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Varies per Commodity (0.01 lots for gold, 1 lot for Crude Oil)	$1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Unavailable
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
500	30
💪 Professional Leverage
Unavailable	400
✍ Customisable Leverage
Yes	Yes
🎲 Deleveraged Trading
Yes	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
Yes	Yes
📺 MetaTrader 5
Yes	No
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	No
💻 Proprietary Platform
No	Yes
📊 Multi-chart Tools
Yes	No
👬 Copy Trading
No	No
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
$30 fee if there is no activity for 6 months or if the account balance falls below $500.	$10 monthly after 1 year of inactivity.
💰 Deposit Fees
None	None
💰 Withdrawal Fees
None	None
💰 Commissions
Yes, from $3.5 per lot round turn	Varies per account type: Standard: None Pro: $3.50 per lot Elite: $1.75 per lot)
Spreads
📈 EUR/USD
Dynamic - From 0 pips	Dynamic - From 0 to 1.4 Pips
📉 SP500
Dynamic - From 30 Pips	Dynamic - From 90 Pips
📈 GOLD
Dynamic - From 11 pips	Dynamic - From 20 Pips
📉 TSLA (Stock CFD)
Dynamic - From $0.48	Dynamic - From $1.45
📈 XLK (ETF - CFD)
Unavailable	Unavailable
📉 BTC
Dynamic - From $32	Dynamic - From $40
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
Yes	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	No
📡 Reuters Feed
No	No
📡 Educational Content
No	Yes
📡 Live Chat Support
No	Yes
📡 Video Tutorials
No	No
📡 Account Management
No	No
📡 Webinars
No	Yes