Compare TMGM Vs AvaTrade: Which is the Better Forex Broker in 2024?
TMGM Vs AvaTrade, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between TMGM Vs AvaTrade, here is the direct comparison:
Compare | TMGM | AvaTrade |
General Rating |
2.42/5 |
3.24/5 |
Score | ||
Trustpilot |
4.3/5 716 users |
4.8/5 7243 users |
πΌ Regulation | ||
β Info | ||
β Established | 2013 | 2006 |
π² Min Deposit | $100 | $100 |
β Max Leverage | 1:500 | 1:400 |
π’ Spread | Fixed | Fixed |
πΈ Commissions | $3.50 | |
π‘ Min Position | 0.01 lot | 0.01 lot |
π³ Payment | Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, AliPay, FasaPay and Tether (USDT) | WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller and UnionPay |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Commodities | ||
Stock | ||
Indices | ||
Etf | ||
Bonds | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
Silver | ||
Index | ||
Stocks 1:5 | ||
Physical Stock |
π£ Website Languages | English, Spanish, French, Indonesian, Italian, Portuguese, Thai, Vietnamese, Chinese, Korean, Malay | Arabic, German, English, Spanish, French, Hungarian, Italian, Japanese, Korean, Polish, Portuguese, Russian, Swedish, Chinese |
πͺ Trade Now | Open TMGM | Open AvaTrade |
Compare Again
Testimonials
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TMGM: Highly recommended
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TMGM: Need VPS info
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TMGM: Furious!
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TMGM: Not bad, my oders are properly executed
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TMGM: Best trading experience
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AvaTrade: Good but have flaws
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AvaTrade: I'm not sure how to tell my story, but I'll...
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AvaTrade: I've heard nothing but good things about this broker. Recently...
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AvaTrade: Automated trading with AvaTrade is really smooth and rewarding. I...
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AvaTrade: I think AvaTrade has one of the best trading conditions...
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See More TMGM Testimonials
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See More AvaTrade Testimonials
News
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AvaTrade Focuses on Spain's Expansion by Introducing Barrier Options
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AvaTrade and the UAE Pro League Establish Strategic Sponsorship
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TMGM to Bring the Jay Chou Carnival World Tour 2023 to Bangkok
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AvaTrade Extends Partnership with Aston Martin F1 Team
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TMGM Signs Partnership with Chelsea
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TMGM Sponsors VFSC Symposium on Virtual Assets
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Celebrating a Decade, TMGM Delivers Solid Trading Security
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Bridging Financial Markets and Crypto, TMGM to be Part of Crossover Markets
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TMGM Sucessfully Concluded Info Finance Vietnam Event
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See More Related TMGM News
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See More Related AvaTrade News
Article
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How to Deposit and Withdraw in AvaTrade
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Elevate Your Trading with Free AvaTrade Guardian Angel
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An Insightful Overview of AvaTrade Copy Trading Platforms
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AvaTrade Free Course: a Way to Master Trading Skills
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How to Verify Your Avatrade Trading Account
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How to Open Account in AvaTrade
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AvaTrade Trading App: All You Need to Know
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The Ultimate Trading Competition 2023: Win $194,500 from TMGM
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Forex Brokers in 2022: How TMGM Performed
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See More Related TMGM Article
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See More Related AvaTrade Article
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- Comparison List
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, TMGM provides their pricing with Fixed spread while AvaTrade offers Fixed spread.
TMGM vs AvaTrade: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, TMGM enables trading with MetaTrader 4, MetaTrader 5, Social trading. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, AvaTrade provides trading with MetaTrader 4 (Limited with 21 days), MetaTrader 5 (Limited with 21 days of inactivity), AvaOption (Limited with 21 days of inactivity), AvaTradeGO (Limited with 21 days of inactivity), Web, Social trading, ZuluTrade with the support of One-click trading, Trailing stop, Pending orders.
Is TMGM or AvaTrade better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, TMGM supports trading with Forex, Gold & silver, Stocks, Indexes, Crypto, while AvaTrade presents the ability of trading with Forex, Gold & silver, Oil, Stocks, Futures, Indexes, Agriculture, Metals, Energies, Bonds, Spread betting, Crypto, etf, Commodities, CFD.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to TMGM and AvaTrade:
- Compare TMGM vs Tickmill
- Compare TMGM vs eToro
- Compare TMGM vs Dukascopy
- Compare AvaTrade vs Interactive Brokers
- Compare AvaTrade vs easyMarkets
- Compare AvaTrade vs Orbex
For more comparisons, visit this page.