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 commissions and fees of online brokers AvaTrade and TMGM, there are some notable differences. AvaTrade offers spreads that are close to the industry average, with typical spreads just under one pip (0.9 pips as of June 2024). While these spreads are slightly higher than some competitors like CMC Markets and Tickmill on their entry-level accounts, AvaTrade remains competitive. Professional traders can access even more attractive spreads of 0.6 pips on their Professional account, which matches the offerings from brokers like FP Markets. AvaTrade has secured a commendable ranking in the industry, receiving a 4.5-star rating for commissions and fees, positioning it at #12 among 62 brokers ranked by ForexBrokers.com.
In contrast, TMGM provides a different structure for its commissions and fees, which significantly depends on the chosen account type. The broker offers two main account options: the spread-only Classic account and the commission-based Edge account. The Edge account is particularly appealing as it charges a small commission of $3.50 per side ($7 per round trip) on trades, alongside offering low spreads. However, it's worth noting that recent average spread data for the popular EUR/USD pair wasn't readily available, which some traders might find limiting. Despite these differences, TMGM earns a respectable 4-star rating for commissions and fees, holding the #36 spot in ForexBrokers.com's ranking of 62 brokers.
Notably, TMGM caters to Islamic finance customers with their Edge account, the only option providing interest-free trading under Sharia-compliant terms. This makes the Edge account a versatile choice for traders looking for low fees coupled with specific religious considerations. Overall, both AvaTrade and TMGM offer competitive trading costs in their unique ways, with AvaTrade slightly leading in terms of industry recognition and broad accessibility for professional traders.
| 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 range of investment options, both brokers offer competitive services, but there are some key differences. AvaTrade provides access to 1,260 tradeable symbols, including 53 forex pairs, and offers trading in cryptocurrency derivatives without the option of purchasing the actual cryptocurrency. AvaTrade also supports forex trading through CFDs and spot contracts and provides the feature of copy trading. However, it does not offer opportunities to buy exchange-traded securities on either U.S. or international exchanges. Despite this, AvaTrade's range of investments earns it a respectable 4-star rating.
TMGM, on the other hand, boasts an impressive 12,000 tradeable symbols with 62 forex pairs available, also allowing forex trading via CFDs and spot contracts. Like AvaTrade, TMGM offers crypto derivatives and supports copy trading but does not facilitate the purchase of actual cryptocurrencies or securities on any exchanges. TMGM's extensive selection and offerings earn it a slightly higher rating of 4.5 stars for its range of investments. It ranks 17th out of 62 brokers in this category according to ForexBrokers.com, whereas AvaTrade comes in at 32nd place.
| 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 exploring trading platforms and tools, both AvaTrade and TMGM offer virtual demo accounts, making it easy for beginners to practice trading without any risk. AvaTrade stands out by offering a proprietary platform developed in-house, while TMGM opts not to provide one. Both platforms support Windows-based desktop and web-based trading, as well as access to the popular MetaTrader 4 and MetaTrader 5. Copy trading is available on both, but AvaTrade extends its offerings with additional tools like DupliTrade and ZuluTrade, which TMGM does not provide. Chart enthusiasts will find both brokers offer the capability to trade directly from stock charts, although TMGM offers slightly more drawing tools at 15, compared to AvaTrade's 13.
AvaTrade's trading platforms and tools are rated slightly higher at 4.5 stars, with TMGM coming in at 4 stars. According to ForexBrokers.com, AvaTrade is ranked #13 out of 62 brokers in this category, while TMGM is positioned at #48. With both offering similar features like seven fields for watchlists and comprehensive technical indicators, the distinctions in additional tools and in-house platform offerings contribute to these rankings, making AvaTrade a potentially more compelling choice for those valuing diverse trading platform options.
| 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 considering mobile trading apps, both AvaTrade and TMGM offer apps compatible with iPhone and Android devices, equipped with stock and forex price alerts. However, AvaTrade stands out with watchlist symbol syncing, allowing changes made on the mobile app or online account to be mirrored seamlessly. TMGM lacks this syncing feature, which may affect those looking for a unified trading experience across devices. When it comes to charting tools, AvaTrade offers a more comprehensive suite, boasting 73 technical studies compared to TMGM's 30. Both platforms support drawing trendlines and viewing multiple timeframes on charts; however, TMGM has an advantage in saving drawings automatically.
Both AvaTrade and TMGM enable the creation of watchlists with real-time quotes, but AvaTrade's mobile app garners a higher user rating at 4.5 stars compared to TMGM's 4 stars. Reflecting this, AvaTrade is ranked #13 out of 62 brokers in the Mobile Trading Apps category by ForexBrokers.com, whereas TMGM is placed at #47. These differences highlight AvaTrade as the preferable choice for traders prioritizing advanced charting capabilities and a higher-rated mobile trading 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 for market research services, each brings valuable features to the table. AvaTrade does not offer daily market commentary, while TMGM provides this insightful service, which can be a daily boon for traders. Both online brokers deliver forex news from leading sources like Bloomberg and Reuters, as well as technical analysis tools from Trading Central. They also offer sentiment-based trading tools, reflecting the market's long and short positions across currency pairs, adding depth to their users' trading strategies. AvaTrade provides an economic calendar that tracks significant global news events, aligning with TMGM to ensure traders are always in the know. However, TMGM offers an additional advantage with research tools from Acuity Trading, including Signal Centre, whereas AvaTrade does not.
In terms of ratings, AvaTrade earns higher marks with a 4-star rating for research, outpacing TMGM’s 3.5-star score. AvaTrade also holds a better rank in the research category, standing at #34 compared to TMGM’s #53, according to ForexBrokers.com. While both platforms offer valuable research resources, AvaTrade appears to offer a slight edge in some areas, potentially making it a more appealing choice for those who heavily prioritize comprehensive market research.
| 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 AvaTrade and TMGM for educational resources catering to beginners, AvaTrade emerges as a more comprehensive option. AvaTrade provides a diverse range of educational materials, including over ten articles, videos, and archived webinars focused on forex and CFDs. Additionally, they host monthly webinars to educate clients and maintain a searchable archive of these sessions, allowing easy access to past content. For novices, AvaTrade offers more than ten educational videos specifically geared toward beginners, and they extend their library with advanced videos for experienced traders. They also provide an investor dictionary with over 50 investing terms' definitions, making trading terminology more accessible for newcomers.
In contrast, TMGM falls short in offering the same depth of educational resources. While they do maintain a searchable archive of recorded webinars and provide an investor dictionary similar to AvaTrade, they lack the volume of beginner-centric content seen with AvaTrade. TMGM does not offer the regular webinars or the extensive number of educational videos that AvaTrade does, resulting in a less enriched learning environment for traders who are just starting. Reflecting this disparity, AvaTrade is rated four stars for Education and ranks #2 in the Education category by ForexBrokers.com, whereas TMGM is rated 3.5 stars and ranks #54 out of 62 brokers.
| 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 62 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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