ATFXvs
TMGMForex Broker Comparison
This comparison pits ATFX against TMGM, focusing on regulation breadth, platform availability, and instrument range. The tension centers on safety versus breadth.
Our Verdict
ATFX winsby 0.2 pts
ATFX edges TMGM on the editorial score, 4.2 vs 4.0, reflecting broader regulatory coverage and stronger overall ranking.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1ATFX spreads start at 1.8 pips; TMGM offers raw 0 pips.
- 2ATFX has 300 instruments vs TMGM's 12,000+ including DMA equities.
- 3ATFX MT4 only while TMGM supports MT4/MT5 and IRESS DMA.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
TMGM offers tighter spreads from 0.00 pips vs 1.80 pips for ATFX, reducing trading costs.
Best for safety & regulation
Recommended
ATFX vs TMGM: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.2/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.3 / 5 | 4.3 / 5 |
ATFX vs TMGM Forex Broker Pros & Cons
Pros
FCA (UK), CySEC (EU), and FSCA (SA) licensing
300+ instruments including ETF CFDs and bond CFDs
FSCS protection up to GBP 85,000 for UK clients
No minimum deposit, no inactivity fee
Client funds held in segregated accounts
ATFX vs TMGM: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
1
ATFX
criteria win
2
TMGM
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | ATFX | TMGM |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Fail | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Fail | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
ATFX vs TMGM: Frequently Asked Questions
The scores are close: ATFX rates 4.2/5 and TMGM rates 4/5. ATFX has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
TMGM starts from 0 pips, tighter than ATFX's 1.8 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
ATFX has no minimum deposit, while TMGM requires at least $100. This makes ATFX more accessible for traders with limited starting capital.
Both ATFX and TMGM hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: ATFX has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
ATFX lists maximum leverage of 400:1, while TMGM lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
TMGM charges $7 per lot on commission-based accounts. Commission details for ATFX are not currently available. Check their website for up-to-date pricing.
ATFX supports MetaTrader 4, while TMGM supports IRESS, MetaTrader 5, MetaTrader 4. Both provide MetaTrader 4. TMGM has exclusive access to IRESS and MetaTrader 5.
