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ActivTrades vs TMGM 2024

BrokerNotes.co

Written by BrokerNotes.co

August 06, 2024

Trying to decide between ActivTrades and TMGM? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, ActivTrades ranks more highly than TMGM.

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Compare

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Overall Rating ActivTrades TMGM
Overall Rating star 7.7 /10 star 7.6 /10
Offering of Investments star 7.5 /10 star 9.0 /10
Commissions & Fees star 7.5 /10 star 7.5 /10
Platform & Tools star 8.0 /10 star 7.5 /10
Research star 7.5 /10 star 6.5 /10
Mobile Trading star 8.0 /10 star 7.5 /10
Education star 7.0 /10 star 6.5 /10
Account Type ActivTrades TMGM
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info Yes Yes
Deposit/Withdrawal Options ActivTrades TMGM
Minimum Deposit info 0 $100
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info No Yes
ACH or SEPA Transfers info No No
Copy Trading ActivTrades TMGM
Social Trading / Copy Trading info Yes Yes
DupliTrade info No No
ZuluTrade info No No
Cryptocurrency ActivTrades TMGM
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Bitcoin info Yes Yes
Ethereum info Yes Yes
Forex Trading (Spot or CFDs) ActivTrades TMGM
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) ActivTrades TMGM
DAX info Yes Yes
Dow Jones info Yes Yes
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes Yes
SP 500 info Yes Yes
Investments ActivTrades TMGM
Forex Trading (Spot or CFDs) info Yes Yes
Spread Betting info Yes No
Social Trading / Copy Trading info Yes Yes
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info Yes No
ETF info No No
U.S. Stocks (CFD) info Yes Yes
Trading Platforms ActivTrades TMGM
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
Regulatory Licenses ActivTrades TMGM
Tier-1 Licenses info 2 2
Australia (ASIC Authorised) info No Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No Yes
Regulated in one or more EU or EEA countries (MiFID). info No No info
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Research, Education ActivTrades TMGM
Trading Central (Recognia) info No Yes
Forex News (Top-Tier Sources) info Yes Yes
Daily Market Commentary info Yes Yes
Autochartist info No No
Investor Dictionary (Glossary) info No Yes
Videos - Beginner Trading Videos info Yes No
Client Webinars (Archived) info Yes Yes
Trading Costs ActivTrades TMGM
Minimum Deposit info 0 $100
Average Spread EUR/USD - Standard info 0.98 info N/A info
All-in Cost EUR/USD - Active info N/A N/A info
Active Trader or VIP Discounts info No No
Trading Tools ActivTrades TMGM
Watchlists - Total Fields info 11 7
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 30 30
Mobile Charting - Indicators / Studies info 30 30
Trust Factors ActivTrades TMGM
Year Founded info 2001 2013
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info No No info
Trust Score info 81 83
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ActivTrades vs TMGM Comparison

Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between ActivTrades and TMGM? Our independent database powered by our unbiased research will help you compare ActivTrades vs TMGM side-by-side.

What is Trust Score?

Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.

Can I trust ActivTrades?

ActivTrades has a Trust Score of 81, giving it a "Trusted" Trust Score Label.

Can I trust TMGM?

TMGM has a Trust Score of 83, giving it a "Trusted" Trust Score Label.

Is ActivTrades a good broker?

ActivTrades has been around for over 20 years and holds multiple Tier-1 regulatory licenses. Traders gain access to the broker's proprietary trading platform, ActivTrader, along with a decent offering of third-party platforms. Though ActivTrades boasts above-average spreads and several innovative platform features, its selection of tradeable symbols is below-average and there are no active trading accounts or volume-based discounts.

Is TMGM a good broker?

TMGM is a trusted forex broker with multiple regulatory licenses and a well-rounded offering. TMGM doesn't offer any proprietary platforms, but traders gain access to MetaTrader 4 for desktop and mobile (albeit without any notable add-ons or plug-ins). Where TMGM really shines is its forex trader education; the broker's TMGM Academy won the 2023 Annual Award for #1 Educational Course at our sister site, ForexBrokers.com.

What Tier-1 jurisdictions is each broker regulated in?

Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. ActivTrades holds regulatory licenses in the following Tier-1 jurisdictions: United Kingdom (U.K.) (FCA Authorised). TMGM, on the other hand, is licensed in these Tier-1 regulatory jurisdictions: Australia (ASIC Authorised) and New Zealand (FMA Authorised). Neither have Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), Switzerland (FINMA Authorised) and USA (CFTC Authorized)

What Tier-2 jurisdictions is each broker regulated in? What about Tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, unfortunately, neither ActivTrades nor TMGM are China (CBRC Authorised), Cyprus (CySEC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), South Africa (FSCA Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised).. Neither have UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses ActivTrades is Bahamas (SCB Authorised) and Mauritius (FSC Authorised), while TMGM is Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).. Neither have Belize (FSC Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised) and Cayman Islands (CIMA Authorised).

Which broker offers more trading platforms?

Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that ActivTrades offers a Proprietary Platform and Desktop Platform (Windows), whereas TMGM supports a Desktop Platform (Windows). Neither have cTrader, DupliTrade and ZuluTrade

Does ActivTrades offer MetaTrader? Does TMGM offer MetaTrader?

Both ActivTrades and TMGM offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4.

How do ActivTrades and TMGM differ in terms of minimum deposit? What about average spreads and funding options?

ActivTrades requires a minimum deposit of 0, while TMGM requires a minimum deposit of $100. It's also important to ensure your broker accepts the funding options and deposit methods that work best for you. In our research, we've found that ActivTrades supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for funding and deposit methods, whereas TMGM supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw)

Which broker offers more tradeable asset classes, ActivTrades or TMGM?

When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that ActivTrades delivers a more diverse selection of investment options than TMGM, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Spread Betting, Social Trading / Copy Trading, Metals, Energies, Agriculturals and U.S. Stocks (CFD). Neither have ETF.

We also keep track of each broker’s total number of tradeable symbols; ActivTrades offers 1267, and TMGM offers a total of 12000 tradeable symbols.

Can I trade cryptocurrency with ActivTrades or TMGM?

Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that neither ActivTrades nor TMGM allow you to trade physical cryptocurrencies.

Who offers more research tools, ActivTrades or TMGM?

Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. ActivTrades delivers the following research tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. TMGM, on the other hand, provides the tools listed here: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading. Neither have Autochartist

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announcementPlease 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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