Compare AvaTrade vs TMGM

Online brokers compared for fees, trading platforms, safety and more. See how AvaTrade stacks up against TMGM!

AvaTrade vs TMGM
open account	Open account 79% of retail CFD accounts lose money	Open account 74-89% of retail CFD accounts lose money
overall rating	4.4	4.3
overall pros	Easy and fast account opening Free deposit and withdrawal options Great research tools	Low forex fees Easy and fast account opening Free deposit and withdrawal
overall cons	Only CFDs, forex, and cryptos offered High inactivity fees	Slim product portfolio Limited research and educational tools No negative balance protection
fees	3.3 No withdrawal fee Low stock index CFD fees High inactivity fees FX trading fees are average	4.5 Low forex fees No withdrawal fee No inactivity fee
account opening	5.0 Fast Fully digital Low minimum deposit	5.0 Fast Fully digital Low minimum deposit
deposit and withdrawal	4.5 Free withdrawal No deposit fee Credit/Debit cards, electronic wallets Slow withdrawal - over 3 days	4.3 Credit/Debit card available Free withdrawal No deposit fee Minor currencies not accepted
web trading platform	3.6 User-friendly Good search function AvaProtect order type No two-step (safer) login Limited customizability (for charts, workspace) No price alerts	2.8 Clear fee report Good customizability (for charts, workspace) Order confirmation No two-step (safer) login No price alerts Poor design
mobile trading platform	4.7 User-friendly Good search function AvaProtect order type No two-step (safer) login Only in English	3.8 User-friendly Good search function Price alerts No two-step (safer) login No Touch/Face ID login
desktop trading platform	3.4 Clear fee report Good customizability (for charts, workspace) Price alerts No two-step (safer) login Poor design	3.4 Clear fee report Good customizability (for charts, workspace) Price alerts No two-step (safer) login Poor design
markets and products	2.0 Forex CFD Crypto	1.9 Forex CFD Crypto
research	4.6 Good interactive chart Trading ideas User-friendly No fundamental data on stocks	1.5 Strategy Tester for automated trading No trading ideas No fundamental data available No/poor quality news flow
customer service	4.5 Phone support Live chat Fast response time No 24/7 support	4.5 Live chat Fast response time Relevant answers No 24/7 support Phone support problematic
education	5.0 Demo account Trading platform tutorial Educational videos	1.5 Demo account No trading platform tutorial videos No educational videos No webinars
safety	Majority of clients belong to a top-tier financial authority Negative balance protection Does not hold a banking license Not listed on stock exchange Financial information is not publicly available	Regulated by the top-tier ASIC No negative balance protection Not listed on stock exchange No investor proection by regulators
recommended for	Forex and CFD traders looking for an option to use MetaTrader platforms	Forex traders who prefer the MetaTrader platform

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