City Index is better than TMGM.
Trying to decide between City Index 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.
| Overall Rating | City Index | TMGM | AvaTrade |
|---|---|---|---|
| Overall Rating | 8.7 / 10 | 7.0 / 10 | 8.2 / 10 |
| Account Type | City Index | TMGM | AvaTrade |
|---|---|---|---|
| Standard Account | Yes | Yes | Yes |
| Mini Account | Yes | Yes | Yes |
| Micro Account | Yes | Yes | Yes |
| Islamic Account | No | Yes | Yes |
| Copy Trading | City Index | TMGM | AvaTrade |
|---|---|---|---|
| Social Trading / Copy Trading | Yes | Yes | Yes |
| DupliTrade | No | No | Yes |
| ZuluTrade | No | No | Yes |
| Cryptocurrency | City Index | TMGM | AvaTrade |
|---|---|---|---|
| Cryptocurrency (Physical) | No | No | No |
| Crypto Trading | No | No | No |
| Bitcoin | Yes | Yes | Yes |
| ethereum | Yes | Yes | Yes |
| Forex Trading | City Index | TMGM | AvaTrade |
|---|---|---|---|
| Forex Trading | No | No | No |
| Trading - Forex or CFDs | Yes | Yes | Yes |
| Indices (Index CFDs) | City Index | TMGM | AvaTrade |
|---|---|---|---|
| DAX | Yes | Yes | Yes |
| Dow Jones | Yes | Yes | Yes |
| FTSE | Yes | Yes | Yes |
| NASDAQ 100 | Yes | Yes | Yes |
| Nikkei | Yes | Yes | Yes |
| SP 500 | Yes | Yes | Yes |
| Investments | City Index | TMGM | AvaTrade |
|---|---|---|---|
| Forex Trading | No | No | No |
| Trading - Forex or CFDs | Yes | Yes | Yes |
| Spread Betting | Yes | No | Yes |
| Social Trading / Copy Trading | Yes | Yes | Yes |
| Metals | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes |
| Agriculturals | Yes | No | Yes |
| ETF | Yes | No | No |
| U.S. Stocks (CFD) | Yes | Yes | Yes |
| Trading Platforms | City Index | TMGM | AvaTrade |
|---|---|---|---|
| Android App | No | No | No |
| Apple iOS App | Yes | Yes | Yes |
| Proprietary Platform | Yes | Yes | Yes |
| Desktop Platform (Windows) | No | No | No |
| Web Platform | No | No | No |
| MetaTrader 4 (MT4) | Yes | Yes | Yes |
| MetaTrader 5 (MT5) | No | No | Yes |
| Regulatory Licenses | City Index | TMGM | AvaTrade |
|---|---|---|---|
| Tier-1 Licenses | 3 | 2 | 4 |
| ASIC Authorised (Australia) | Yes | Yes | Yes |
| IIROC Authorised (Canada) | No | No | Yes |
| FCA Authorised (U.K.) | Yes | No | No |
| SFC Authorised (Hong Kong) | No | No | No |
| MAS Authorised (Singapore) | Yes | No | No |
| FINMA Authorised (Switzerland) | No | No | No |
| CFTC Registered (USA) | No | No | No |
| Tier-2 Licenses | 1 | 0 | 3 |
| Tier-3 Licenses | 0 | 1 | 1 |
| Research, Education | City Index | TMGM | AvaTrade |
|---|---|---|---|
| Trading Central (Recognia) | Yes | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes | Yes |
| Daily Market Commentary | Yes | Yes | Yes |
| Autochartist | No | No | No |
| Investor Dictionary (Glossary) | Yes | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No | Yes |
| Client Webinars (Archived) | Yes | Yes | Yes |
| Trading Costs | City Index | TMGM | AvaTrade |
|---|---|---|---|
| Minimum Deposit | £100.00 | $100 | $100 |
| Average Spread EUR/USD - Standard | 1.1 (August 2021) | 0.96 (July 2021) | 0.91 (Aug 2020) |
| All-in Cost EUR/USD - Active | 1.1 (August 2021) | 0.76 (July 2021) | 0.61 (Aug 2020) |
| Active Trader or VIP Discounts | Yes | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | Yes |
| PayPal (Deposit/Withdraw) | Yes | No | Yes |
| Trading Tools | City Index | TMGM | AvaTrade |
|---|---|---|---|
| Watchlists - Total Fields | 20 | 7 | 6 |
| Mobile Watchlist | Yes | Yes | Yes |
| Charting - Indicators / Studies (Total) | 139 | 30 | 90 |
| Mobile Charting - Indicators / Studies (INTL) | 88 | 30 | 73 |
| Trust Factors | City Index | TMGM | AvaTrade |
|---|---|---|---|
| Year Founded | 1983 | 2013 | 2006 |
| Publicly Traded (Listed) | Yes | No | No |
| Bank | No | No | No |
| Authorised in European Union | Yes | No | Yes |
| Trust Score | 99 | 79 | 93 |
