Written by ForexBrokers.com
In this head to head comparison of AvaTrade 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.
When it comes to choosing an online broker, AvaTrade and TMGM are popular options but differ in terms of regulatory status and trust ratings. Founded in 2006, AvaTrade has established itself as a reliable choice in the trading industry. It holds four Tier-1 licenses, which are considered highly trustworthy, and three Tier-2 licenses, reflecting a broad regulatory presence. AvaTrade boasts a high Trust Score of 94 out of 99 from ForexBrokers.com, signifying its reputation as a highly trusted broker. Despite not being publicly traded or a bank, AvaTrade continues to offer a secure trading environment.
TMGM, founded in 2013, also provides trading services but with fewer regulatory credentials compared to AvaTrade. The broker holds two Tier-1 licenses and no Tier-2 licenses, indicating a slightly more limited scope in regulatory oversight. With a Trust Score of 83 out of 99, TMGM is rated as trusted by ForexBrokers.com but falls short of the higher trust level achieved by AvaTrade. Similarly, TMGM is neither listed on a stock exchange nor operates as a bank, which may influence its overall trust perception. When comparing these two brokers, potential clients should consider their regulatory standings and trust ratings to make an informed decision.
| Feature |
AvaTrade
|
TMGM
|
|---|---|---|
| Year Founded | 2006 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 1 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing the online brokers AvaTrade and TMGM on commissions and fees, both offer distinct advantages. AvaTrade has spread rates that are slightly higher than some entry-level accounts from competitors like CMC Markets and Tickmill, with a typical spread of just under one pip (0.9 pips as of June 2024). However, professional traders might find AvaTrade's Professional account appealing with its competitive 0.6 pip spread, similar to FP Markets. AvaTrade's commissions and fees receive a commendable rating of 4.5 stars, ranking it 12th out of 63 brokers according to ForexBrokers.com.
TMGM is known for offering a competitive commission structure, particularly with its Edge account which features low spreads and no requotes. For those opting for the Edge account, TMGM charges a small commission of $3.50 per side, or $7 per round trip, alongside generally low prevailing spreads. Although detailed average spread data for EUR/USD wasn't available, TMGM maintains its appeal by providing flexibility through different account types, including the spread-only Classic account and the commission-based Edge account. TMGM’s commissions and fees are rated at 4 stars, placing it 36th out of 63 brokers in ForexBrokers.com's ranking.
Islamic finance customers in search of interest-free trading will find TMGM’s Sharia-compliant swap-free option only available through the Edge account, not with the Classic account. Overall, while AvaTrade may offer slightly higher spreads, its professional offering and higher rating distinguish it from TMGM, which stands out with its affordable and straightforward Edge account options. Both brokers cater to different trading preferences, with AvaTrade gearing towards traders who qualify for professional accounts, while TMGM provides attractive options for traders preferring commission-based accounts.
| Feature |
AvaTrade
|
TMGM
|
|---|---|---|
| Minimum Deposit | $100 | $100 |
| Average Spread EUR/USD - Standard | 0.93 | N/A |
| All-in Cost EUR/USD - Active | 0.61 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | 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.
When comparing AvaTrade and TMGM for their investment options, both brokers provide access to forex trading through CFDs or spot contracts. AvaTrade offers 1,260 tradable symbols, while TMGM provides a significantly larger selection with 12,000 symbols. For forex trading enthusiasts, TMGM again holds an edge with 62 tradeable forex pairs compared to AvaTrade's 53. Neither broker allows clients to purchase exchange-traded stocks on U.S. or international exchanges, focusing primarily on derivative products. Both AvaTrade and TMGM cater to traders interested in cryptocurrency derivatives, as they do not offer the ability to buy actual cryptocurrencies.
AvaTrade and TMGM both support copy trading, providing users the opportunity to mimic successful traders' strategies. In terms of user ratings, AvaTrade boasts 4 out of 5 stars for its range of investments, while TMGM scores slightly higher with a 4.5-star rating. According to ForexBrokers.com, TMGM is ranked 17th out of 63 brokers for their range of investments, showcasing its broader offerings compared to AvaTrade, which holds the 32nd spot. This suggests that TMGM may have a more comprehensive investment range, particularly for traders keen on exploring numerous symbols and forex pairs.
| Feature |
AvaTrade
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1260 | 12000 |
| Forex Pairs (Total) | 53 | 62 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | No | 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 comparing the trading platforms and tools offered by AvaTrade and TMGM, investors will find that both brokers provide free virtual demo accounts, useful for testing strategies without the risk of real investment. AvaTrade stands out with its proprietary platform, which it has developed in-house to enhance user experience, while TMGM lacks a proprietary option. Both brokers, however, do support popular trading platforms such as MetaTrader 4 and MetaTrader 5, along with web-based and Windows desktop apps. Additionally, both allow trades to be executed directly from stock charts and offer extensive support for copy trading.
AvaTrade offers an impressive range of features including access to DupliTrade and ZuluTrade for those interested in social trading, while TMGM does not support these platforms, focusing instead on MetaTrader's offerings and its 15 drawing tools for charting. AvaTrade provides 13 drawing tools and offers seven columns for watch lists, the same as TMGM. With a rating of 4.5 stars for its trading platforms and tools compared to TMGM's 4 stars, and a higher ranking (13th) on ForexBrokers.com's list, AvaTrade emerges as a slightly more versatile option for traders keen on diverse tools and innovative platforms.
| Feature |
AvaTrade
|
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 | Yes | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 80 | 30 |
| Charting - Drawing Tools (Total) | 13 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of AvaTrade and TMGM, both brokers offer applications on iPhone and Android, catering to a wide range of users. They also provide essential features like stock and forex price alerts, and allow drawing trendlines on charts. AvaTrade's mobile app stands out with the ability to sync watchlists across devices, providing added convenience for users as changes are seamlessly updated. In contrast, TMGM doesn’t offer this syncing feature, which might be a consideration for those who frequently switch between devices.
For traders who value technical analysis, AvaTrade offers a larger selection of charting tools with 73 technical studies compared to TMGM's 30. While both apps allow users to view multiple time frames and create real-time watchlists, TMGM's app automatically saves chart drawings, offering an edge in chart management. AvaTrade has received higher ratings with 4.5 out of 5 stars, ranking 13th among 63 brokers in mobile trading according to ForexBrokers.com, while TMGM garnered 4 stars and a ranking of 47th, indicating a solid but slightly less favored user experience.
| Feature |
AvaTrade
|
TMGM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 73 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing AvaTrade and TMGM in terms of market research, both brokers offer a solid foundation for traders seeking reliable insights. AvaTrade distinguishes itself by providing forex news from top-tier sources like Bloomberg and Reuters, and offering technical analysis tools from Trading Central. However, it falls short in daily market commentary and lacks tools from Autochartist and Acuity Trading. On the other hand, TMGM provides daily market commentary and also offers Trading Central tools, but doesn't feature Autochartist. TMGM has an edge with Acuity Trading tools, enhancing its market research offerings.
Both AvaTrade and TMGM provide an economic calendar to keep traders informed of global events. Despite these similarities, AvaTrade holds a higher research rating, earning 4 out of 5 stars compared to TMGM's 3.5 stars. AvaTrade's research is ranked 34th out of 63 brokers by ForexBrokers.com, whereas TMGM is positioned at 53rd. These rankings highlight AvaTrade's slightly superior standing in research offerings, making it a preferable option for traders prioritizing comprehensive market analysis tools.
| Feature |
AvaTrade
|
TMGM
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners at AvaTrade and TMGM, AvaTrade stands out as a more comprehensive choice. AvaTrade offers a wealth of educational materials with a focus on forex and CFDs, providing at least ten informative pieces including articles, videos, and archived webinars. Furthermore, they host monthly online webinars that clients can join, and maintain a searchable archive of past sessions, ensuring that new learners always have fresh material to explore. AvaTrade also caters to both novice and advanced traders by offering over ten videos tailored specifically to each group's needs. An additional helpful feature is their extensive investor dictionary, which clearly explains over 50 investing terms. Reflecting this rich array of resources, AvaTrade earns a solid 4-star rating for Education and holds an impressive #2 rank out of 63 brokers on ForexBrokers.com.
In contrast, TMGM's educational offerings are limited in several areas. Unlike AvaTrade, TMGM does not meet the mark of providing a minimum of ten educational pieces focused on forex or CFDs. Additionally, they do not offer monthly webinars, which can be a handy tool for ongoing learning and engagement. While TMGM does have a searchable archive of past webinars and an investor dictionary with more than 50 terms, their video library lacks depth for newcomers and advanced traders alike, as they do not offer ten videos focused on either group. Consequently, TMGM receives a slightly lower education rating of 3.5 stars and is ranked #54 out of 63 brokers in the education category by ForexBrokers.com. For beginners seeking a rich learning environment, AvaTrade presents a more robust array of educational tools compared to TMGM.
| Feature |
AvaTrade
|
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 AvaTrade is better than TMGM. AvaTrade finished with an overall rank of #13, while TMGM finished with an overall rank of #37.
AvaTrade is a trusted global brand best known for offering an extensive selection of trading platforms for forex and CFD traders, as well as exceptional educational content that helped it nab Best in Class honors for Beginners in the ForexBrokers.com 2025 Annual Awards.
| Feature |
AvaTrade
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TMGM
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| Trust Score | 94 | 83 |
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Both AvaTrade and TMGM do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide options to trade cryptocurrency derivatives.
When comparing online brokers AvaTrade and TMGM, both platforms offer PayPal, Skrill, Visa, Mastercard, and bank wire options for depositing and withdrawing account funds, but neither supports ACH or SEPA transfers.
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 | AvaTrade | TMGM | |
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| Trust Score | 94 | 83 | |
| Winner | check_circle | ||
| Review | AvaTrade Review | TMGM Review |
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| Regulation | AvaTrade | TMGM | |
|---|---|---|---|
| Trust Score | 94 | 83 | |
| Year Founded | 2006 | 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 | 1 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | AvaTrade | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | 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) | AvaTrade | TMGM | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | AvaTrade | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1260 | 12000 | |
| Forex Pairs (Total) | 53 | 62 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | No | 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 | AvaTrade | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.93 | N/A | |
| All-in Cost EUR/USD - Active | 0.61 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | AvaTrade | 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 | No | No |
| Trading Platforms | AvaTrade | 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 | Yes | No | |
| ZuluTrade | Yes | No |
| Trading Tools | AvaTrade | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 80 | 30 | |
| Charting - Drawing Tools (Total) | 13 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | AvaTrade | TMGM | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 73 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | AvaTrade | TMGM | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | AvaTrade | 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 | AvaTrade | 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 | AvaTrade Review | TMGM Review |
| Overall | AvaTrade | TMGM | |
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| Trust Score | 94 | 83 | |
| Winner | check_circle | ||
| Review | AvaTrade Review | TMGM Review |
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