AvaTrade vs TMGM - BrokerCue
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Broker Comparison

AvaTrade vs TMGM

Compare AvaTrade and TMGM side by side: fees, regulation, platforms.

AvaTrade

AvaTrade

Forex and multi-asset CFD traders

AvaTrade is a multi-asset CFD and forex broker founded in 2006, regulated across multiple jurisdictions, offe…

VS
TMGM

TMGM

Active forex and CFD traders

TMGM is an ASIC-regulated forex and CFD broker founded in 2013 in Sydney, offering MT4, MT5 and IRESS platfor…

Head-to-head comparison

AvaTrade vs TMGM
Feature AvaTrade TMGM
Minimum deposit - -
Stock trading fee Commission-free via CFDs; spread applies Stock CFDs included in Classic/Edge accounts; IRESS account charges 1.8-2.25 cents per share
Regulators CBI, ASIC, JFSA, FSCA, ADGM FRSA, CIRO, BVI FSC ASIC, FMA, VFSC, FSA, FSC
Best for Forex and multi-asset CFD traders Active forex and CFD traders
Markets & account
Stocks
ETFs
-
Forex
CFDs
Crypto
Bonds
-
Options
-
Futures
-
Margin
Demo Account
Multi Currency
-

Pros & cons

AvaTrade

AvaTrade

Pros

  • Regulated by CBI, ASIC, JFSA, FSCA, ADGM FRSA, CIRO, and BVI FSC across multiple jurisdictions
  • Commission-free trading on CFD and forex instruments
  • No deposit or withdrawal fees
  • Free demo account with $100,000 virtual funds and no time limit
  • Wide platform choice including MT4, MT5, WebTrader, AvaTradeGO, AvaOptions, and TradingView
  • Vanilla FX options trading via dedicated AvaOptions platform
  • Copy trading available via DupliTrade and AvaSocial
  • Islamic swap-free accounts available

Cons

  • $50 per quarter inactivity fee after 3 months of dormancy is high relative to competitors
  • $100 annual administration fee after 12 months of inactivity
  • No real stock ownership - equities are traded as CFDs only
  • EUR/USD spread of around 0.9 pips is above the industry average for standard accounts
  • Bitcoin spread notably higher than industry average
  • Not available to US residents
  • UK entity in supervised run-off - no new UK retail clients accepted
TMGM

TMGM

Pros

  • ASIC-regulated with segregated client funds at a major bank
  • Negative balance protection across all entities
  • Raw spreads from 0.0 pips on Edge accounts
  • 12,000+ stock CFDs accessible via IRESS platform
  • Free demo account on MT4 and MT5
  • No deposit or withdrawal fees charged by TMGM
  • Free VPS hosting for algorithmic traders
  • Copy trading available via HUBx

Cons

  • Inactivity fee of $30 per month after 6 months
  • IRESS platform requires a minimum $5,000 deposit
  • No EU-based regulatory licence
  • Limited educational resources compared to some competitors
  • High leverage (up to 1:1000) only available through offshore entity
  • ASIC-issued DDO stop orders in May 2024 (suspended June 2024) indicate prior compliance concerns
  • No demo account available for IRESS platform
AvaTrade

AvaTrade

AvaTrade is a multi-asset CFD and forex broker founded in 2006, regulated across multiple jurisdictions, offering 1,250+ instruments on MT4, MT5, WebTrader, and proprietary apps.

Visit AvaTrade Read review

Your capital is at risk. Other fees apply.

TMGM

TMGM

TMGM is an ASIC-regulated forex and CFD broker founded in 2013 in Sydney, offering MT4, MT5 and IRESS platforms with Classic and Edge account types.

Visit TMGM Read review

Your capital is at risk. Other fees apply.

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