Two regulated brokers compete for trust and cost efficiency. The clash pits ActivTrades against TMGM on regulation, fees, platforms, and instrument reach.
ActivTrades edges TMGM on the editorial score, backed by FCA regulation and stronger regional support.
Find out which broker best suits your trader profile.
Choose ActivTrades if…
Choose ActivTrades if you prioritize FCA regulation with investor protections and a zero minimum deposit. You also get a proprietary ActivTrader with built in volatility protection.
Choose TMGM if…
Choose TMGM if you want broad access to 12,000+ instruments via IRESS. You also get raw spreads from 0.0 pips on the ECN Edge account with a $7/lot commission.
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
TMGM offers tighter spreads from 0.00 pips vs 0.50 pips for ActivTrades, reducing trading costs.
| Editorial score | 4.3/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.5 / 5▲ | 4.3 / 5 |
Pros
FCA regulated with supplemental insurance up to GBP 1,000,000 per client
ActivTrader's volatility protection feature is a genuine risk management differentiator
No minimum deposit
Strong southern European presence, Italian, Spanish, Portuguese support
Client funds held in segregated accounts
A closer look at the specific criteria each broker meets or misses within each scoring category.
| Criteria | ActivTrades | TMGM |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Fail |
| Fees & Spreads | ||
| Raw/ECN spreads available | Fail | Pass |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Pass |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Pass |
| Proprietary platform | Pass | Fail |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Pass |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Pass |
| Multilingual support | Pass | Pass |
The scores are close: ActivTrades rates 4.3/5 and TMGM rates 4/5. ActivTrades has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
TMGM starts from 0 pips, tighter than ActivTrades's 0.5 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
ActivTrades has no minimum deposit, while TMGM requires at least $100. This makes ActivTrades more accessible for traders with limited starting capital.
Both ActivTrades and TMGM hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, two factors stand out: ActivTrades has no minimum deposit, removing the capital barrier entirely, and both brokers provide negative balance protection. Also compare demo account availability and educational resources before deciding.
ActivTrades lists maximum leverage of 400:1, while TMGM lists up to 500:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
TMGM charges $7 per lot on commission-based accounts. Commission details for ActivTrades are not currently available. Check their website for up-to-date pricing.
ActivTrades supports MetaTrader 4, ActivTrader, while TMGM supports IRESS, MetaTrader 5, MetaTrader 4. Both provide MetaTrader 4. ActivTrades has exclusive access to ActivTrader. TMGM has exclusive access to IRESS and MetaTrader 5.
ActivTrades wins for safety and regulation with FCA oversight, investor protections, and segregated funds.
TMGM wins for active traders due to 12,000+ instruments including DMA equities.
TMGM is better suited for scalpers: raw/ECN spreads available, tighter spreads from 0.00 pips.
TMGM wins for platform variety with MT4/MT5 plus IRESS DMA access.
ActivTrades wins for beginners with no minimum deposit and strong regional support.
TMGM wins for instrument variety with 12,000+ assets including DMA equities.
Fees & Spreads 30% weight | 4.2 / 5 | 4.3 / 5▲ |
|---|
Platforms & Tools 20% weight | 4.3 / 5▲ | 4.2 / 5 |
|---|
Customer Support 10% weight | 4.3 / 5▲ | 4.1 / 5 |
|---|
| Founded | 2001 | 2013 |
|---|
| Headquarters | London, United Kingdom | Melbourne, Australia |
|---|
| Min Deposit | No minimum▼ lower | $100 |
|---|
| Spreads From | 0.5 pips | 0 pips▼ lower |
|---|
| Commission / lot | N/A | $7/lot |
|---|
| N/A | 0.7 pips |
| Max Leverage | 400:1 | 500:1▲ higher |
|---|
| Inactivity Fee | None | None |
|---|
| Deposit Fee | Free | Free |
|---|
| Deposit methods | Bank transferCredit cardDebit cardPayPal | Bank transferCredit cardDebit cardCrypto |
|---|
| Withdrawal methods | Bank transferCredit card | Bank transferCredit cardCrypto |
|---|
| Withdrawal Fee | Free | Free |
|---|
| Regulators | FCA CMVM SCB | ASIC VFSC |
|---|
| Platforms | MetaTrader 4 ActivTrader | IRESS MetaTrader 5 MetaTrader 4 |
|---|
| Active bonuses |
|---|
Negative balance protection
Investor compensation scheme coverage
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Proprietary trading platform available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Multilingual customer support
Pros
10,000+ instruments including real equities via IRESS DMA
ASIC regulated, Tier 1 Australian investor protections
ECN Edge account: raw spreads from 0.0 pips at $7 commission
Strong multilingual support for Asian clients
Client funds held in segregated accounts
Negative balance protection
No deposit fees
No inactivity fee
MetaTrader 4 and MetaTrader 5 supported
Mobile trading app available
Advanced charting tools included
Transparent pricing with clear cost disclosure
24/5 live chat support
Phone support available
Cons
Product range narrower than IG or Saxo
No cTrader or raw ECN account option
Less known outside Europe compared to global competitors
Cons
$100 minimum deposit on standard accounts
Less brand recognition than IC Markets or Pepperstone in Australia
IRESS DMA platform requires separate setup
No investor compensation scheme
No proprietary platform
Dig deeper into each broker’s features, fees, and regulation.
Score 4 / 5
Personalised recommendation
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