Written by ForexBrokers.com
In this head to head comparison of ActivTrades 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.
ActivTrades and TMGM are both prominent online brokers with established reputations in financial trading, though they exhibit some differences in their operational histories and regulatory credentials. ActivTrades was founded in 2001, while TMGM entered the scene in 2013. Neither company is publicly traded or operates as a bank. Both brokers have secured two Tier-1 licenses, putting them in the highly trusted category by regulatory standards. However, ActivTrades also holds one Tier-2 license, indicating a broader regulatory outreach in slightly less stringent jurisdictions compared to TMGM, which holds no Tier-2 licenses.
When it comes to trust scores by ForexBrokers.com, ActivTrades achieves a rating of 81, marking it as a trusted broker. Meanwhile, TMGM slightly edges out with a score of 83, also placing them in the trusted bracket, albeit marginally higher. This minor difference suggests that both brokers uphold a similar level of trustworthiness, with slight variations in their regulatory approach. These factors are central for investors when considering the reliability and regulatory standing of their trading platforms.
| Feature |
ActivTrades
|
TMGM
|
|---|---|---|
| Year Founded | 2001 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
When comparing the commission and fee structures of online brokers ActivTrades and TMGM, there are notable differences in their offerings. ActivTrades provides its users with an Individual Account as the primary option, alongside Professional and Islamic accounts. Their spreads are slightly better than the industry average, but not the best among low-cost forex brokers. Spreads remain consistent across account types, though there is no account specifically for high-volume traders. The typical spread for EUR/USD at ActivTrades was found to be 0.98 pips as of May 2024. The brokerage's overall commissions and fees are asset-dependent. For their commissions and fees category, ActivTrades receives a 4-star rating and holds the 27th rank out of 62 brokers according to ForexBrokers.com.
Conversely, TMGM presents a more competitive commission structure especially with its Edge account, which features low spreads and minimal commissions of $7 per round trip. Unlike ActivTrades, TMGM offers the Edge account with a focus on low trading costs, whereas the Classic account operates on a spread-only basis with no additional commissions. The Edge account also caters to Islamic finance customers by offering Sharia-compliant conditions. While recent average spread data for EUR/USD wasn't available for TMGM, the broker is known for competitive pricing without requotes. TMGM also secures a 4-star rating for commissions and fees but is ranked 35th in the same category by ForexBrokers.com.
| Feature |
ActivTrades
|
TMGM
|
|---|---|---|
| Minimum Deposit | 0 | $100 |
| Average Spread EUR/USD - Standard | 0.98 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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.
ActivTrades and TMGM both offer forex trading through CFDs or spot contracts, providing traders with access to this popular financial market. ActivTrades presents a substantial offering with 1,267 tradable symbols and 49 forex pairs, but TMGM significantly broadens the spectrum with an impressive 12,000 tradable symbols and 62 forex pairs. While neither broker facilitates the purchase of U.S. exchange traded securities like Apple shares, ActivTrades allows investing in international securities such as Vodafone, a benefit not available through TMGM.
Both ActivTrades and TMGM have integrated copy trading features, enabling clients to emulate successful trading strategies. In terms of cryptocurrencies, the two brokers allow for trading derivatives rather than actual cryptocurrencies. Despite both brokers receiving commendable ratings for their range of investments, TMGM holds a slight edge with 4.5 stars and a ranking of 17th out of 62 brokers as per ForexBrokers.com, compared to ActivTrades' 4-star rating and 31st place ranking. This suggests that TMGM might offer a slightly more diverse investment landscape for traders seeking variety.
| Feature |
ActivTrades
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1267 | 12000 |
| Forex Pairs (Total) | 49 | 62 |
| U.S. Stock Trading (Non CFD) | No | 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 comparing the trading platforms and tools offered by ActivTrades and TMGM, both brokers provide plenty of functionalities appealing to traders. Both offer simulated trading with free virtual demo accounts, allowing new and experienced traders alike to test strategies before committing real funds. Where ActivTrades stands out is with its proprietary platform, developed in-house, catering to unique user preferences. Meanwhile, TMGM does not have a proprietary option but offers other popular software choices. Both brokers provide access to MetaTrader 4 and MetaTrader 5, known for their powerful tools and customization features. Additionally, both brokers enable web-based and Windows-based desktop platforms, making it convenient for traders on different devices. Featuring the same number of charting drawing tools, each offers 15, and both enable trading directly from stock charts.
ActivTrades offers slightly more in-depth customization for watch lists, providing 11 columns compared to TMGM's 7. With respect to copy trading, both brokers support this feature, broadening the possibilities for traders who prefer such strategies. However, neither broker offers DupliTrade or ZuluTrade, which might be a consideration for those focused on social trading networks. Despite sharing a 4-star rating for trading platforms and tools, there is a notable difference in their rankings according to ForexBrokers.com, with ActivTrades positioned at #29 and TMGM at #48 out of 62 brokers. This distinction suggests ActivTrades may have a slight edge in this category among broker evaluations.
| Feature |
ActivTrades
|
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) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both ActivTrades and TMGM cater to traders using iPhones and Android devices. They feature essential tools such as stock and forex price alerts, the ability to draw trendlines, view multiple time frames, and a suite of 30 technical studies for detailed charting. While both apps allow for the creation of watchlists with real-time quotes, neither offers the convenience of syncing watchlist symbols with online accounts. This might not be a deal-breaker, but it is worth noting for traders who use multiple devices.
Despite offering similar functionalities, ActivTrades stands out with a higher ranking from ForexBrokers.com, holding the 19th spot out of 62 brokers, as opposed to TMGM's ranking at 46. However, both platforms share an equal rating of four stars for their mobile trading apps. These insights can be crucial for traders looking to decide which trading app might best suit their mobile trading needs. With their numerous features and solid ratings, both brokers present themselves as strong contenders in the realm of mobile trading.
| Feature |
ActivTrades
|
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.
When comparing the market research offerings of ActivTrades and TMGM, both brokers provide daily market commentary and forex news from top-tier sources like Bloomberg and Reuters. ActivTrades and TMGM each feature sentiment-based trading tools showing long or short position ratios and offer economic calendars to keep investors informed on global events. However, TMGM stands out by including research tools from both Trading Central and Acuity Trading, such as Technical Analytics and Signal Centre, while ActivTrades does not provide these specific tools.
In terms of overall research quality, ActivTrades receives a 4-star rating compared to TMGM's 3.5-star rating. According to ForexBrokers.com, ActivTrades is ranked 30th out of 62 brokers in the Research category, significantly ahead of TMGM, which sits at the 53rd position. This suggests that ActivTrades is generally favored for its market research capabilities, despite TMGM's additional tools from renowned companies like Acuity Trading.
| Feature |
ActivTrades
|
TMGM
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | 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 offered by ActivTrades and TMGM, beginners will find ActivTrades more appealing. ActivTrades stands out with a comprehensive selection of over 10 pieces of educational content, including articles, videos, and archived webinars focused on forex and CFDs. They also offer monthly webinars and have a rich archive of previously recorded sessions, making it easy for learners to access information at their convenience. Additionally, ActivTrades provides more than 10 beginner-friendly videos and advanced educational materials for seasoned traders. Although they do not offer an investor dictionary, their education rating is still a solid 4 out of 5 stars, ranking them 38th out of 62 brokers in this category.
TMGM, on the other hand, offers fewer educational resources targeted at beginners. They do not meet the minimum educational content threshold or provide monthly webinars, which can limit a learner's exposure to new strategies and insights. While TMGM does maintain a searchable archive of past webinars and offers a dictionary containing over 50 investing terms, their educational video offerings are less extensive, particularly for those just starting out or seeking advanced knowledge. TMGM is rated 3.5 stars for education and is ranked 54th among 62 brokers, reflecting a more limited educational support system compared to ActivTrades.
| Feature |
ActivTrades
|
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) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that ActivTrades is better than TMGM. ActivTrades finished with an overall rank of #33, while TMGM finished with an overall rank of #37.
ActivTrades is a long-standing brand that offers a proprietary trading platform, ActivTrader, and support for the award-winning TradingView and MetaTrader (MT4 and MT5) platforms. ActivTrades also delivers a selection of custom add-ons, indicators, and trading tools for traders who prefer to use MetaTrader. Drawbacks for trading with ActivTrades include a smaller selection of tradeable symbols and fewer educational resources than what’s available from the best forex brokers.
| Feature |
ActivTrades
|
TMGM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 81 | 83 |
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While neither ActivTrades nor TMGM provide options to purchase actual cryptocurrencies, both brokers offer the ability to trade cryptocurrency derivatives, making them viable options for those interested in trading digital assets indirectly.
Comparing ActivTrades and TMGM, both brokers support Skrill, Visa/Mastercard, and bank wire transactions, but only TMGM offers PayPal as an additional deposit and withdrawal option, while neither provides ACH or SEPA transfer services.
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 | ActivTrades | TMGM | |
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| Trust Score | 81 | 83 | |
| Winner | check_circle | ||
| Review | ActivTrades Review | TMGM Review |
| Broker Screenshots | ActivTrades | TMGM | |
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| Regulation | ActivTrades | TMGM | |
|---|---|---|---|
| Trust Score | 81 | 83 | |
| Year Founded | 2001 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | ActivTrades | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | 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). | No | No |
| Tier-2 Licenses (Trusted) | ActivTrades | TMGM | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | ActivTrades | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1267 | 12000 | |
| Forex Pairs (Total) | 49 | 62 | |
| U.S. Stock Trading (Non CFD) | No | 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 | ActivTrades | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.98 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | ActivTrades | TMGM | |
|---|---|---|---|
| Minimum Deposit | 0 | $100 | |
| PayPal (Deposit/Withdraw) | No | 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 | ActivTrades | 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 | ActivTrades | TMGM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | ActivTrades | 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 | ActivTrades | TMGM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | ActivTrades | 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) | No | Yes |
| Major Forex Pairs | ActivTrades | 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 | ActivTrades Review | TMGM Review |
| Overall | ActivTrades | TMGM | |
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| Trust Score | 81 | 83 | |
| Winner | check_circle | ||
| Review | ActivTrades Review | TMGM Review |
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