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 |
AvaTrade edges out TMGM on commissions and fees, earning 4.5/5 stars and a #13 ranking out of 63 brokers, versus TMGM’s 4/5 stars and #37 ranking. For everyday traders, AvaTrade’s spread-only pricing is straightforward: the EUR/USD averaged about 0.9 pips as of June 2024, which is near the industry average. TMGM’s most competitive pricing typically comes from its Edge account, but the broker does not publish recent average spread data for EUR/USD, making like-for-like cost comparisons harder.
AvaTrade keeps things simple with no added commission on standard accounts. Its typical spread of 0.9 pips is slightly higher than the cheapest entry-level offerings from some competitors, but still reasonable. If you qualify as a professional trader, AvaTrade’s Professional account advertises tighter pricing at around 0.6 pips, which is competitive and in line with top low-cost peers.
TMGM offers two pricing paths: the spread-only Classic account, or the commission-based Edge account. The Edge account charges $3.50 per side ($7 round trip) plus low prevailing spreads and no requotes, and it’s also the only option for an Islamic (swap-free) setup. The trade-off is transparency: without published average spreads for EUR/USD, it’s tougher to estimate total costs in advance compared to brokers like AvaTrade that provide clear average spread figures.
| 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.
AvaTrade vs TMGM: For range of investments, TMGM offers a far bigger catalog with about 12,000 tradeable symbols compared with AvaTrade’s 1,260. TMGM also has more forex choices, listing 62 currency pairs versus 53 at AvaTrade. Both brokers support forex trading as CFDs or spot contracts, and both offer copy trading for mirroring strategies.
Neither broker provides direct, exchange-traded shares in the U.S. or abroad, and neither lets you buy actual crypto, though both offer cryptocurrency derivatives. Reflecting this breadth, TMGM earns 4.5/5 stars and ranks #18 of 63 for Range of Investments at ForexBrokers.com, while AvaTrade scores 4/5 stars and ranks #33. Choose TMGM if you want the widest selection; pick AvaTrade if you’re comfortable with a smaller lineup and still want features like copy trading.
| 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.
AvaTrade and TMGM both offer free demo (paper) accounts, Windows desktop and web platforms, copy trading, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), the ability to trade right from charts, and watch lists with seven columns. A key difference is that AvaTrade also provides its own in-house platform and supports ZuluTrade, while TMGM does not offer an in-house platform and doesn’t support ZuluTrade.
According to ForexBrokers.com, AvaTrade scores 4.5 out of 5 stars for Trading Platforms and Tools and ranks #13 out of 63 brokers, while TMGM scores 4 stars and ranks #49. If you want an in-house platform and access to ZuluTrade, AvaTrade has the edge. If you mainly need MT4/MT5 with desktop and web access, TMGM covers the essentials.
| Feature |
AvaTrade
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading 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 [DELETED] | ||
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 80 | 30 |
| Charting - Drawing Tools (Total) [DELETED] | ||
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
AvaTrade and TMGM both offer mobile trading apps for iPhone and Android. Each app supports stock or forex price alerts and lets you build watchlists with real-time quotes. A key difference is watchlist syncing: AvaTrade syncs symbols between mobile and the web, so changes carry over automatically, while TMGM does not. In independent testing, AvaTrade’s mobile trading app earned 4.5 stars and ranks #13 out of 63 brokers at ForexBrokers.com, compared with TMGM’s 4 stars and #48 ranking.
For charting on the go, AvaTrade provides 73 technical studies versus 30 on TMGM. Both apps let you draw trendlines and switch among multiple time frames like intraday, daily, or weekly. Another difference: TMGM auto-saves your chart drawings, while AvaTrade does not. If you value deeper indicator choices and synced watchlists, AvaTrade’s app may suit you better; if auto-saving chart annotations is a priority, TMGM has the edge.
| 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.
AvaTrade vs TMGM: both brokers cover the essentials for market research, including live forex news from top sources like Bloomberg, Reuters, and Dow Jones, Trading Central analytics, a sentiment tool showing long/short positioning, and an economic calendar. The key differences are that TMGM adds daily market commentary and offers Acuity Trading tools such as Signal Centre, while AvaTrade does not. Neither broker provides Autochartist or TipRanks.
For overall quality, ForexBrokers.com rates AvaTrade at 4 stars and ranks it 35th out of 63 brokers for Research, while TMGM earns 3.5 stars and ranks 54th. Choose TMGM if you want daily commentary and Acuity-powered signals; pick AvaTrade if you prefer a higher-rated research suite anchored by Trading Central, sentiment data, and premium news coverage.
| Feature |
AvaTrade
|
TMGM
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Client sentiment data | 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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|---|---|---|
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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 |
| Broker Screenshots | AvaTrade | TMGM | |
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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) | |||
| 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) | |||
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| 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 Desktop Trading 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 [DELETED] | |||
| 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) [DELETED] | |||
| 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 | |
| Client sentiment data | 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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