Written by ForexBrokers.com
In this head to head comparison of Admirals vs TMGM, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Admirals, established in 2001, stands out with a strong trust factor in the world of online brokerage, holding a trust score of 93 as ranked by ForexBrokers.com. Admirals boasts four Tier-1 licenses, indicating a high level of reliability among financial regulators, and adds to this with three Tier-2 licenses. This deep regulatory framework positions Admirals within the "highly trusted" category. Admirals is not publicly traded and does not operate as a bank.
Founded in 2013, TMGM presents itself as a trusted player with an 83 trust score by ForexBrokers.com. TMGM holds two Tier-1 licenses, reflecting a commendable commitment to regulatory compliance. Unlike Admirals, TMGM does not possess any Tier-2 licenses, yet it remains within the "trusted" category. TMGM is also not publicly traded and functions independently of banking operations, offering users a secure online trading experience.
| Feature |
Admirals
|
TMGM
|
|---|---|---|
| Year Founded | 2001 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
Admirals provides a competitive edge in online trading with its favorable pricing structure. The typical spread for Admirals' Trade account is a tight 0.8, and similar competitive pricing is available on their Zero account type. This favorable pricing contributes to Admirals receiving an impressive 4.5-star rating for commissions and fees. Furthermore, ForexBrokers.com ranks Admirals at #17 out of 63 brokers for this category, indicating a strong position in the market.
TMGM also offers competitive commission rates but with a slight caveat. The Edge account, which is commission-based, charges a modest $3.50 per side, totaling $7 per round trip, paired with low prevailing spreads. Unfortunately, TMGM does not regularly publish recent average spread data for popular currency pairs like EUR/USD, which prevents a detailed analysis of overall trading costs. Nevertheless, TMGM still holds a respectable 4-star rating for commissions and fees, with a ForexBrokers.com ranking of #36 out of 63 brokers.
Choosing between Admirals and TMGM hinges not only on pricing but also on the availability of data and specific account features that align with your trading needs. Admirals stands out with transparent spread data and competitive rankings, whereas TMGM offers flexibility through different account types, though lacks some detailed spread information for comprehensive cost assessment. Both brokers cater to specific needs, ensuring a viable choice depending upon your priorities in transparency and fee structure.
| Feature |
Admirals
|
TMGM
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | 0.8 | N/A |
| All-in Cost EUR/USD - Active | 0.8 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Admirals and TMGM are two prominent online brokers that cater to traders seeking a variety of investment options. Both platforms offer the opportunity to trade forex as CFDs or spot contracts. Admirals provides access to an extensive selection of 8,702 tradeable symbols, including 82 forex pairs. In comparison, TMGM offers an impressive 12,000 tradeable symbols with 62 forex pairs. Admirals has decided to broaden their offerings by allowing clients to purchase U.S. and international exchange-traded securities, enabling investments in well-known stocks like Apple and Vodafone directly. However, TMGM does not currently support direct purchases of exchange-traded securities on either U.S. or international exchanges.
For those interested in derivatives, both Admirals and TMGM provide cryptocurrency derivatives, but neither platform currently supports buying actual, delivered cryptocurrencies. Admirals and TMGM include copy trading as part of their services, attracting traders who wish to mimic the success of experienced investors. With both brokers rated 4.5 stars for their range of investments, TMGM slightly edges out Admirals in the ForexBrokers.com rankings, sitting at the 17th spot compared to Admirals at 19th. This nuanced landscape makes both platforms appealing, yet their offerings cater to slightly different trading needs.
| Feature |
Admirals
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8702 | 12000 |
| Forex Pairs (Total) | 82 | 62 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When examining the trading platforms and tools offered by Admirals and TMGM, both brokers provide the essential features that traders look for. Admirals and TMGM each facilitate simulated trading with free virtual demo accounts, making it easier for new traders to hone their skills without financial risk. While both brokers support popular platforms like MetaTrader 4 and MetaTrader 5, Admirals offers a proprietary platform developed in-house, giving them a unique edge in platform customization. Both brokers maintain web-based and Windows desktop trading capabilities, as well as copy trading features, catering to varied trading styles.
In terms of charting and customization, Admirals stands out with a whopping 106 drawing tools compared to TMGM's 15, allowing for more detailed technical analysis. Both brokers allow trading directly from stock charts and provide similar watch list functionalities with seven columns each. Admirals receives four stars for its trading platforms and tools, ranking 19th out of 63 brokers by ForexBrokers.com, while TMGM shares the same star rating but is ranked 48th. These distinctions highlight Admirals as a slightly more favorable option for those prioritizing advanced charting capabilities and proprietary platform innovation.
| Feature |
Admirals
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 106 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When looking at the mobile trading apps offered by Admirals and TMGM, both platforms provide apps compatible with iPhone and Android devices. Users can set stock or forex price alerts and enjoy the ability to draw trendlines on charts using both apps. Admirals and TMGM each offer 30 technical studies for charting, and both apps allow viewing of multiple time frames such as daily, weekly, or intraday. Additionally, drawings made on these apps are auto-saved, ensuring a seamless user experience.
Despite sharing these features, there are some distinctions to consider. Neither Admirals nor TMGM offers watchlist symbol syncing between their mobile app and online account, which might be a drawback for users who want their changes to reflect across devices. Both apps enable users to create watchlists with real-time quotes. Admirals scores slightly better in ForexBrokers.com's rankings, coming in at #23 out of 63 brokers, while TMGM ranks #47. Despite this, both receive a solid four-star rating for their mobile trading apps, highlighting their strong performance in this category.
| Feature |
Admirals
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both Admirals and TMGM provide traders with daily market commentary and forex news from top-tier sources like Bloomberg and Reuters, ensuring that clients receive well-rounded insights into market movements. They also offer technical analysis tools from Trading Central, as well as sentiment-based trading tools. Additionally, both brokers provide economic calendars to keep traders informed about current and upcoming global events. However, Admirals distinguishes itself by offering market research from TipRanks, a feature that TMGM does not include in its offerings.
In terms of additional research tools, Admirals and TMGM both utilize resources from Acuity Trading. When it comes to ratings, Admirals scores slightly higher, earning 4 out of 5 stars for research, compared to TMGM's 3.5 stars. This higher rating reflects Admirals' broader range of offerings and more frequent access to premium research tools. In a comparison of 63 brokers, Admirals ranks significantly higher at 15th place in the research category, showing a stronger commitment to providing comprehensive market analysis, whereas TMGM ranks 53rd. This suggests that Admirals might be a more suitable choice for traders who prioritize extensive research tools and resources.
| Feature |
Admirals
|
TMGM
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | Yes | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Admirals and TMGM for their educational resources available to beginners in trading forex or CFDs, Admirals stands out as a well-rounded option. Admirals provides a wealth of educational content, offering a minimum of 10 learning pieces like articles, videos, and webinars focusing on forex and CFDs. Additionally, Admirals hosts at least one live educational webinar each month and maintains a searchable archive of past webinars. Beginners can benefit from over 10 educational videos specifically crafted for them, in addition to more advanced videos for experienced traders. Admirals also supports learning with an investor dictionary that defines over 50 investing terms, all contributing to its impressive four-star rating for education.
In contrast, TMGM's educational offerings are more limited. Although TMGM provides a searchable archive of recorded webinars and an investor dictionary akin to Admirals, it falls short in other areas. TMGM does not meet the minimum requirement of 10 educational pieces focused on forex or CFDs, and it does not host regular monthly webinars for its clients. Moreover, TMGM lacks video content designed for both beginners and experienced traders. With a 3.5-star education rating, TMGM ranks significantly lower than Admirals in educational resources, coming in at 54th place compared to Admirals' 12th place out of 63 brokers, according to ForexBrokers.com.
| Feature |
Admirals
|
TMGM
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Admirals is better than TMGM. Admirals finished with an overall rank of #18, while TMGM finished with an overall rank of #37.
Traders choose Admirals for its excellent investor education and advanced MetaTrader features – such as the Supreme add-ons – alongside an extensive range of shares, forex and CFD markets, and premium research content.
| Feature |
Admirals
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TMGM
|
|---|---|---|
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| Trust Score | 93 | 83 |
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Both Admirals and TMGM do not offer the ability to buy actual delivered cryptocurrency, but they do provide opportunities to invest in cryptocurrency derivatives.
When comparing online brokers Admirals and TMGM, Admirals offers a wider range of account funding options, including ACH and SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, while TMGM lacks ACH and SEPA transfer options but still supports PayPal, Skrill, Visa or Mastercard, and bank wires for deposits and withdrawals.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Admirals | TMGM | |
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| Trust Score | 93 | 83 | |
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| Review | Admirals Review | TMGM Review |
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| Regulation | Admirals | TMGM | |
|---|---|---|---|
| Trust Score | 93 | 83 | |
| Year Founded | 2001 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | Admirals | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Admirals | TMGM | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | Yes | No |
| Investments | Admirals | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8702 | 12000 | |
| Forex Pairs (Total) | 82 | 62 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Admirals | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.8 | N/A | |
| All-in Cost EUR/USD - Active | 0.8 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Admirals | TMGM | |
|---|---|---|---|
| Minimum Deposit | $100 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Admirals | TMGM | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Admirals | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 106 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Admirals | TMGM | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Admirals | TMGM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Admirals | TMGM | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Admirals | TMGM | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Admirals Review | TMGM Review |
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| Trust Score | 93 | 83 | |
| Winner | check_circle | ||
| Review | Admirals Review | TMGM Review |
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