Two regulated stock brokers clash on global access and platform fit. The tension centers on exchange coverage and investor protections.
ATFX and TMGM are closely matched overall. TMGM offers more exchanges (15) than ATFX (12), which stands out as the clearest differentiator.
Which broker wins for each type of stock trader, based on costs, safety, features, and editorial scoring.
ATFX wins safety due to FCA and CySEC oversight and compensation protections.
| Editorial score | 3.7/ 5 | 3.8/ 5 |
|---|---|---|
| Min deposit | No minimum▼ lower | $100 |
| Spreads from | 1.8 pips | 0 pips▼ lower |
| Commission / lot | N/A | $7/lot |
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | ATFX | TMGM |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, SEC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS, SIPC) | Pass | Fail |
| Costs | ||
| Commission-free trading | Fail | Fail |
| Features | ||
| Fractional shares | Fail | Fail |
| Dividend reinvestment (DRIP) | Fail | Fail |
| Extended hours trading | Fail | Fail |
| IPO access | Fail | Fail |
| Short selling | Pass | Pass |
| Stock screener tool | Fail | Fail |
| Support | ||
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| 24/5 live chat | Fail | Pass |
| Phone support | Pass | Pass |
The scores are close: ATFX rates 3.7/5 and TMGM rates 3.8/5. TMGM 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 lists tighter spreads from 0, compared with ATFX's 1.8. For stock trading, also factor in any per-trade or per-share commissions — spreads and commissions together determine the true cost per trade.
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 20:1. 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 trade on commission-based accounts. Commission details for ATFX are not currently available. Check their website for up-to-date pricing. Stock commissions may be charged as a flat rate per trade or per share; confirm the exact structure on each broker's website.
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.
Neither ATFX nor TMGM is listed as offering commission-free trading in our data. Compare each broker's commission schedule directly, as fees vary by account type and the markets you trade.
ATFX scores higher on investor protection criteria, with compensation scheme coverage and segregated client funds. For stock investors, confirming compensation scheme coverage ensures your assets are protected up to a defined limit if the broker becomes insolvent.
TMGM suits active traders with DMA access via IRESS and multiple platforms.
ATFX suits beginners with zero minimum deposit and straightforward MT4 access.
TMGM provides broader access with 15 exchanges, expanding global reach.
ATFX is better for low entry costs due to a zero minimum deposit.
Equally matched for long-term investors; neither offers fractional shares or DRIP.
| N/A |
| 0.7 pips |
| Inactivity fee | None | None |
|---|
| Deposit fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardSkrillNeteller | Bank transferCredit cardDebit cardCrypto |
|---|
| Withdrawal methods | Bank transferCredit cardSkrillNeteller | Bank transferCredit cardCrypto |
|---|
| Withdrawal fee | Free | Free |
|---|
| Commission-free | No | No |
|---|
| Fractional shares | No | No |
|---|
| Dividend reinvestment | No | No |
|---|
| Extended hours | No | No |
|---|
| IPO access | No | No |
|---|
| Short selling | Yes | Yes |
|---|
| Regulators | FCA FSCA CySEC | ASIC VFSC |
|---|
| Platforms | MetaTrader 4 | IRESS MetaTrader 5 MetaTrader 4 |
|---|
Dig deeper into each broker’s features, fees, and regulation.
Score 3.7 / 5
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