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Home ‣ Compare ‣ OANDA vs TMGM 2025

OANDA vs TMGM 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of OANDA vs TMGM, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

OANDA
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 93
  • Tradeable Symbols (Total): 4172 info
TMGM
4/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 83
  • Tradeable Symbols (Total): 12000

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Regulation

OANDA and TMGM are two online brokers that have carved out their niches in the financial services industry, with OANDA operating since 1996 and TMGM being a newer entrant since 2013. Neither OANDA nor TMGM is publicly traded or operates as a bank, but there are notable differences in their level of regulatory oversight. OANDA proudly holds seven Tier-1 licenses, which are regarded as highly trusted by ForexBrokers.com, giving it a strong regulatory foundation. In contrast, TMGM holds two Tier-1 licenses, reflecting a lower degree of regulatory trust in comparison.

When comparing trustworthiness using ForexBrokers.com Trust Scores, OANDA achieves an impressive score of 93 out of 99, placing it in the 'highly trusted' category. On the other hand, TMGM's score of 83 still places it within the 'trusted' range but falls short of OANDA's more secure standing. For investors and traders seeking peace of mind in the regulatory landscape, these scores and licensing differences play a key role in assessing the relative trust levels of both brokers.

Feature OANDA logoOANDA
TMGM logoTMGM
Year Founded info 1996 2013
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 7 2
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2

Fees

OANDA and TMGM both earn 4 out of 5 stars for commissions and fees, but they differ in how costs are structured and disclosed. OANDA ranks #35 of 63 brokers for this category at ForexBrokers.com, while TMGM ranks #37. In short, OANDA’s overall trading costs tend to be on the higher side versus top competitors, whereas TMGM’s Edge account advertises low commissions but does not publish recent average spread data for key pairs like EUR/USD, which makes apples-to-apples comparisons harder.

OANDA offers two pricing paths. Its default, commission-free pricing showed an average EUR/USD spread of 1.61 pips in July 2024. The Core account lowers the spread but adds a per-side commission of $5 per $100,000 traded (about $10 per round turn on a standard lot) and requires a $10,000 minimum deposit. Using a simple example: if the default spread is 1.6 pips and Core shows 0.4 pips, adding the commission (roughly 1.0 pip all-in) brings the total Core cost to about 1.4 pips—slightly cheaper than default. OANDA also lets you trade from just 1 unit (far smaller than a micro lot), offers volume-based rebates ($5–$17 per million) and TradingView subscription reimbursements in select regions, and publishes trailing spread data, though not fixed-period averages.

TMGM’s fees depend on account choice: the Classic account is spread-only, while the Edge account adds a small commission of $3.50 per side ($7 round trip) alongside low spreads and no requotes. Islamic, swap-free accounts are available only on the Edge plan. The main drawback is transparency—TMGM does not provide recent average spread figures for EUR/USD, a data point many leading brokers share and traders rely on to judge true costs. If you value smaller trade sizes, published (though trailing) spread data, and potential rebates, OANDA can appeal despite higher spreads. If you prefer a low-commission model and can accept limited spread disclosure, TMGM’s Edge account may fit—keeping in mind its 4-star rating and #37 ranking versus OANDA’s 4-star rating and #35 ranking.

Feature OANDA logoOANDA
TMGM logoTMGM
Minimum Deposit info $0 $100
Average Spread EUR/USD - Standard info 1.69 info N/A info
All-in Cost EUR/USD - Active info 1.69 info N/A info
Active Trader or VIP Discounts info Yes info No
ACH or SEPA Transfers info Yes info No
PayPal (Deposit/Withdraw) info Yes info Yes
Skrill (Deposit/Withdraw) info Yes info Yes
Visa/Mastercard (Credit/Debit) info Yes info Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

Comparing OANDA vs TMGM for range of investments: both brokers let you trade forex either as CFDs or spot. TMGM lists about 12,000 tradeable symbols, far more than OANDA’s 4,172. When it comes to currency pairs, though, OANDA offers 69 forex pairs versus TMGM’s 62, giving OANDA a slight edge for forex variety while TMGM wins for overall symbol count.

For stocks, OANDA supports buying exchange-traded securities on both U.S. and international exchanges, while TMGM does not offer direct share dealing. Both brokers support copy trading. In crypto, OANDA lets you buy actual cryptocurrencies as well as crypto derivatives, whereas TMGM offers crypto derivatives only. According to ForexBrokers.com, TMGM earns 4.5 stars and ranks #18 of 63 for range of investments, while OANDA earns 4 stars and ranks #28—making TMGM the broader multi-asset pick and OANDA a strong choice for forex pairs and access to real crypto and global shares.

Feature OANDA logoOANDA
TMGM logoTMGM
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 4172 info 12000
Forex Pairs (Total) info 69 62
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes info Yes
Cryptocurrency (Physical) info Yes No
Cryptocurrency (Derivative) info Yes info Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

Comparing OANDA vs TMGM on trading platforms and tools, both brokers offer free demo (paper) accounts, web platforms, Windows desktop apps, copy trading, and full MetaTrader support (MT4 and MT5). OANDA also provides a proprietary, in-house platform, while TMGM does not. Each earns 4 stars for Trading Platforms and Tools, but OANDA ranks higher in the ForexBrokers.com industry assessment (#15 out of 63) compared with TMGM (#49 out of 63).

For charting, both brokers let you trade directly from charts. OANDA supplies 74 drawing tools versus 15 at TMGM, while watchlists include 6 fields at OANDA and 7 at TMGM. Neither broker supports DupliTrade or ZuluTrade. Technical indicator counts were not specified for either OANDA or TMGM. Overall, both cover the essentials, but OANDA’s proprietary platform and higher category ranking may appeal to traders who want more platform choice.

Feature OANDA logoOANDA
TMGM logoTMGM
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes info Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes info Yes
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 89 30
Charting - Drawing Tools (Total) info 74 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 6 7

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

OANDA and TMGM both deliver full-featured mobile trading apps for iPhone and Android. Each app supports price alerts, real-time quote watchlists, and strong charting with 30 technical studies, trendline drawing, multiple time frames (intraday to weekly), and auto-saved drawings. One limitation for both: watchlists in the mobile app do not sync with the online account, so edits made on one don’t appear on the other.

Where they differ is in third-party recognition. According to ForexBrokers.com, OANDA’s mobile trading app earns 5 stars and ranks #7 out of 63 brokers, while TMGM’s app earns 4 stars and ranks #48. In short, both apps cover the core tools traders expect, but OANDA receives higher marks for overall mobile trading experience.

Feature OANDA logoOANDA
TMGM logoTMGM
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

Comparing OANDA vs TMGM for market research, both brokers deliver daily market commentary, real-time forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, sentiment indicators showing long/short positioning, and a handy economic calendar. Key differences: OANDA includes Autochartist for trade ideas and chart patterns, while TMGM does not. TMGM offers Trading Central analytics and Acuity Trading tools (such as Signal Centre), which OANDA doesn’t provide. Neither broker features TipRanks.

On overall quality, OANDA earns 5 stars and ranks #5 out of 63 brokers for Research on ForexBrokers.com, while TMGM holds 3.5 stars and ranks #54. In short, choose OANDA if you want higher-rated research with Autochartist, or pick TMGM if Trading Central and Acuity Trading are must-haves for your workflow.

Feature OANDA logoOANDA
TMGM logoTMGM
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info No Yes
Social Sentiment - Currency Pairs info Yes Yes
TipRanks info No No
Signal Centre (Acuity Trading) info No Yes
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginner traders comparing education at OANDA vs TMGM, OANDA delivers a fuller learning experience. OANDA offers at least 10 forex and CFD lessons, runs monthly educational webinars, and provides a searchable archive of recorded sessions. It also has 10+ beginner videos and 10+ advanced videos to help you grow from the basics to more complex strategies. Both brokers include an investor dictionary with 50+ terms, and both have a searchable webinar archive, but TMGM does not meet the 10-piece threshold for forex/CFD education, does not host monthly webinars, and lacks 10+ beginner and advanced video lessons.

These differences show up in the ratings: OANDA earns 5 stars for Education and ranks 19th out of 63 brokers at ForexBrokers.com, while TMGM scores 3.5 stars and ranks 54th. If you want guided learning with frequent webinars and a sizable video library for beginners, OANDA is the stronger pick; if you mainly want a glossary and recorded sessions to browse, TMGM may suffice.

Feature OANDA logoOANDA
TMGM logoTMGM
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that OANDA is better than TMGM. OANDA finished with an overall rank of #12, while TMGM finished with an overall rank of #37.

A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.

Feature OANDA logoOANDA
TMGM logoTMGM
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 93 83
Range of Investments 4/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with OANDA or TMGM?

OANDA provides the option to purchase actual cryptocurrencies in addition to cryptocurrency derivatives, while TMGM offers only cryptocurrency derivatives.

What funding options does each broker offer?

When comparing the online brokers OANDA and TMGM, OANDA provides a broader range of deposit and withdrawal options including ACH and SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, whereas TMGM supports options such as PayPal, Skrill, Visa or Mastercard, and bank wires, but does not offer ACH or SEPA transfers.

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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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Overall Rating OANDA TMGM
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 4.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 93 83
Winner check_circle
Review OANDA Review TMGM Review
Broker Screenshots OANDA TMGM
Broker Gallery (click to expand) info
OANDA fxTrade mobile trading app charting OANDA Trade web platform. OANDA's website features research in the form of its MarketPulse blog, which includes news, analysis, and articles. The OANDA website's educational hub features webinars and videos covering current events and financial analysis.
TMGM MetaTrader 5 MT5 mobile app charts. TMGM client dashboard login TMGM Research Acuity Trading Signal Centre trading signals detail. TMGM learning center academy educational beginner courses progress tracking
Regulation OANDA TMGM
Trust Score info 93 83
Year Founded info 1996 2013
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 7 2
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2
Tier-1 Licenses (Highly Trusted) OANDA TMGM
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info No Yes
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses (Trusted) OANDA TMGM
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments OANDA TMGM
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 4172 info 12000
Forex Pairs (Total) info 69 62
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes info Yes
Cryptocurrency (Physical) info Yes No
Cryptocurrency (Derivative) info Yes info Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
Cost OANDA TMGM
Average Spread EUR/USD - Standard info 1.69 info N/A info
All-in Cost EUR/USD - Active info 1.69 info N/A info
Active Trader or VIP Discounts info Yes info No
Inactivity Fee info Yes Yes
Execution: Agency Broker info No Yes
Execution: Market Maker info Yes Yes
Funding OANDA TMGM
Minimum Deposit info $0 $100
PayPal (Deposit/Withdraw) info Yes info Yes
Skrill (Deposit/Withdraw) info Yes info Yes
Visa/Mastercard (Credit/Debit) info Yes info Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info Yes info No
Trading Platforms OANDA TMGM
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes info Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes info Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools OANDA TMGM
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 6 7
Charting - Indicators / Studies (Total) info 89 30
Charting - Drawing Tools (Total) info 74 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading OANDA TMGM
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes Yes
Research OANDA TMGM
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info No Yes
TipRanks info No No
Social Sentiment - Currency Pairs info Yes Yes
Economic Calendar info Yes Yes
Education OANDA TMGM
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs OANDA TMGM
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review OANDA Review TMGM Review
Overall OANDA TMGM
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 4.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 93 83
Winner check_circle
Review OANDA Review TMGM Review
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