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TMGM vs Axi : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
TMGM
Axi
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
ECN broker
STP
Years of Existence / Established Year
2013
2007
Customer Base / Number of Accounts
No information
60,000+ traders
Regulation & Security
Regulations (governing bodies)
ASIC, VFSC and FSC
ASIC DFSA FSA
Awards Won (count for the last 2 years)
Most Trusted Forex Broker 2024, Best Forex Trading Platform 2024, SkyLine Guide 2024 Award, Most Innovative Sports Sponsorship 2024, Brokersview Fastbull 2024 Award
No major awards listed
Security Measures
Civil Liability Insurance program for a limit of $10,000,000
None
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
Yes
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
12,000 instruments including shares
220 + CFDs IPOs
Currency Pairs
Yes
Yes
Commodities
Yes
Yes
Indices
Yes
Yes
Cryptocurrencies
Yes
Yes
CFDs
Yes
Yes
ETFs
Yes
No
Stocks
Yes
Yes
Options
No
No
Futures
Yes
No
Bonds
No
No
Mutual Funds
No
No
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
Yes
Yes
Real Estate Investment Trusts (REITs)
No
No
Equities
Yes
Yes
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
Yes
Yes
MT5
Yes
No
cTrader
No
No
Social Trading
Yes
Copy Trading
Yes
Yes
Other Trading Platforms (proprietary, etc.)
TMGM app
Axi Trading Platform
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Edge and classic account
Standard Account Pro Account Elite Account
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
Yes
Yes
Minimum Deposit
$100
$0
Leverage Available
1:100 to 1:1000
200:1- 500:1
Trade Limit (maximum per trade)
Depends on the assets type
100 orders per day maximum
Commission (per account type)
Currency Pairs: $7 ; Precious Metals: $5
Standard account - $0 Pro account - $7 round trip Elite account - $3.5 round trip
Best Suited For (e.g., beginners, experienced traders)
Experienced traders
Only experienced
Deposit & Withdrawal Options
Deposit Methods
Visa, Mastercard, Bank transfer, RMB instant, Revolute, Wise, e-wallets
International bank transfers Debit & credit cards (Mastercard, visa) Internet / local banking Paypal (in specific regions)
Withdrawal Methods
Visa, Mastercard, Bank transfer, RMB instant, Revolute, Wise, e-wallets
Bank transfer Local banking E wallet Crypto payments Credit / Debit cards
Other E-Wallets Supported
Skrill, Neteller.SticPay, FasaPay, UnionPay
Skrill Neteller Paypal
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Market analysis, Traders terminology, Trading tools
Autochartist Trading Central MT4 Forex VPS Hosting Trading news & guides Trading calculators Trade on Economic Calendar guides
Fees & Commissions
Trading-Related Fees
Currency Pairs: $7 USD ; Precious Metals: $5 USD, Spread-0.0pips
Commission- 0% on share CFD trades
Spread (typical, fixed, variable)
variable/floating spread
Variable
Per Lot Fees
NA
$3.5 per lot
Options Contract Fees
NA
NA
Futures Contract Fees
NA
NA
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
1:1000
1:1000
Non-Trading Fees
Dormant Fees
$30 per month after 6 months of inactivity
Inactivity fees varies for no activity more than 12 months
Subscription Fees (for premium features, data feeds)
NA
$0
Advisory Fees
NA
$0
Swap Fees (Overnight Financing)
Yes
Yes
Statement or Document Fee
NA
$0
Account Opening Fee
NA
$0
Account Maintenance Fee
NA
$0
Deposit Fee
$0
Bank transfers - No fees Card payments - 3.0% (for more than $50,000) Other methods - 3.0% (for more than $50,000)
Currency Conversion Fee
Charges not mentioned, May apply for non-USD deposits
NA
Withdrawal Fee
$0
Free above $50. Or administration fee of $25 apply.
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
No
Yes
Trading Hours
Trading Hours (for each asset class if applicable)
Depends on the assets type
Trading forex & CFDs follows MT4 server time (GMT+2) Monday 00:01 to Friday 23:59
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/7
24 hours (Tuesday to Friday) On Mondays, service commence at 9am AEST
Customer Support Methods (phone, email, live chat)
Phone +61 2 8036 8388, Fax +61 2 8036 8388, Email [email protected], Live chat
Help Center Live chat Email: mailto:[email protected] Toll-free: UK - 0800 018 3306 Australia - 1300 888 936 Germany - 0800 7244085
Support Languages
15+
13+
Additional Information
Headquarters Location
100 Barangaroo Ave., Level 28, Tower One, Sydney NSW 2000, Australia.
Suite 305, Griffith Corporate Centre, PO Box 1510, Beachmont Kingstown, St Vincent and the Grenadines
Complaints (for crypto brokers)
No
No
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