Exness vs TMGM Forex Broker Comparison
A head-to-head comparison of Exness and TMGM across regulation, trading costs, platforms, and editorial scoring.
Exceptional value for developing-market traders - instant withdrawals, $1 minimum deposit, and ultra-competitive raw spread pricing.
VS
ASIC-regulated Australian broker with 10,000+ instruments including DMA equities, well-positioned for Asian traders who want Australian regulatory standards alongside a broad asset range.
Our Verdict
Exness winsby 0.4 pts
Exness edges ahead with a score of 4.4/5 vs TMGM's 4/5. A narrow margin, so review the breakdown below to see where each broker has a clear advantage.
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 pips vs 0.3 pips for Exness, reducing trading costs.
Best for safety & regulation
Recommended
Exness has a stronger safety profile: top-tier regulation, compensation scheme, segregated funds, negative balance protection.
Best for active traders
It's a tie
Both equally suited
Both brokers offer equivalent trading costs across spreads, commissions, and account types.
Best for beginners
Recommended
Exness edges out TMGM with a higher editorial score (4.4/5 vs 4/5), indicating a stronger overall experience for new traders.
Exness vs TMGM: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.4/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.3 / 5 | 4.3 / 5 |
Fees & Spreads 30% weight | 4.6 / 5▲ | 4.3 / 5 |
Platforms & Tools 20% weight | 4.4 / 5▲ | 4.2 / 5 |
Customer Support 10% weight | 4.3 / 5▲ | 4.1 / 5 |
| Founded | 2008 | 2013 |
| Headquarters | Limassol, Cyprus | Melbourne, Australia |
| Min deposit | $1 | $100 |
| Spreads from | 0.3 pips | 0 pips |
| Commission / lot | $3.5/lot | $7/lot |
| Max leverage | 2000:1 | 500:1 |
| Withdrawal fee | Free | Free |
| Regulators | FCA FSCA CySEC OJK | ASIC VFSC |
| Platforms | MetaTrader 4 MetaTrader 5 | MetaTrader 4 MetaTrader 5 IRESS |
| Active bonuses | ||
| Visit broker | Visit Exness | Visit TMGM |
Exness vs TMGM Forex Broker Pros & Cons
Pros
Near-unlimited leverage on offshore entity
Extremely low $1 minimum deposit on Standard account
Instant withdrawals available 24/7 including weekends
One of the world's highest-volume retail FX brokers
Regulated by top-tier authorities (FCA, ASIC, CySEC)
Client funds held in segregated accounts
Negative balance protection
Investor compensation scheme coverage
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
10,000+ instruments including real equities via IRESS DMA
ASIC regulated - Tier 1 Australian investor protections
ECN Edge account: raw spreads from 0.0 pips at $7 commission
Strong multilingual support for Asian clients
Client funds held in segregated accounts
Negative balance protection
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Cons
Not available to US residents
EU clients face significant leverage restrictions
Unlimited leverage carries extreme risk for inexperienced traders
No proprietary platform
Cons
$100 minimum deposit on standard accounts
Less brand recognition than IC Markets or Pepperstone in Australia
IRESS DMA platform requires separate setup
No investor compensation scheme
No proprietary platform
Exness vs TMGM: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
1
Exness
criteria win
0
TMGM
criteria wins
Highlighted rows show where the two brokers differ
| Criteria | Exness | 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 | Pass | 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 | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
Exness vs TMGM: Frequently Asked Questions
Based on our independent editorial scoring, Exness ranks higher with a score of 4.4/5 vs 4/5 for TMGM. The best choice still depends on your individual trading needs; Exness and TMGM may each suit different trader profiles.
TMGM offers tighter spreads starting from 0 pips, compared to Exness's spreads from 0.3 pips. Tighter spreads lower the cost per trade, particularly valuable for high-frequency and scalping strategies.
Exness has a lower minimum deposit of $1, while TMGM requires at least $100. This makes Exness more accessible for traders with limited starting capital.
Both Exness and TMGM hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Both are considered safe. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners: Exness has a lower minimum deposit ($1), lowering the barrier to entry; both brokers offer negative balance protection. Also weigh up educational resources and customer support quality before deciding.
Exness offers maximum leverage of 2000:1, while TMGM offers up to 500:1. Available leverage varies by account type, instrument, and jurisdiction. Higher leverage amplifies both potential profits and losses. Always use appropriate risk management.
Exness charges $3.5 per lot, lower than TMGM's $7 per lot. Lower commissions benefit active traders who execute many trades per day.
Exness supports MetaTrader 4, MetaTrader 5 and TMGM offers MetaTrader 4, MetaTrader 5, IRESS; both support MetaTrader 4, MetaTrader 5; TMGM exclusively offers IRESS.
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