ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money

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): 3928 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

When comparing commissions and fees, both OANDA and TMGM offer unique structures tailored to different trading preferences. OANDA's forex trading costs are generally on the higher side, with its standard pricing seeing an average spread of 1.61 pips on the EUR/USD pair. Their core pricing option offers lower spreads but adds a commission of $5 per $100,000 traded, which can translate to a total cost of 1.4 pips for the EUR/USD pair when considering both spread and commission. Despite not being a discount broker, OANDA provides benefits such as automated execution and transparency about spreading costs.

In contrast, TMGM's commissions and fees are more competitive, particularly when using their Edge account. This account charges a $3.50 commission per side ($7 per round trip) alongside low spreads, which may suit traders who prioritize cost efficiency. TMGM also offers an Islamic financing option via the Edge account, catering to clients in need of Sharia-compliant trading. While both brokers offer competitive options for different trading needs, TMGM does not provide specific spread data for detailed cost assessment.

Both OANDA and TMGM receive commendable ratings of 4 out of 5 stars for commissions and fees. According to ForexBrokers.com, OANDA is ranked 34th, while TMGM slightly lags at 36th out of 63 brokers. Despite these differences, the choice between them ultimately hinges on individual trader requirements and account type preferences.

Feature OANDA logoOANDA
TMGM logoTMGM
Minimum Deposit info $0 $100
Average Spread EUR/USD - Standard info 1.61 info N/A info
All-in Cost EUR/USD - Active info 1.61 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

When comparing OANDA and TMGM, both platforms offer a wide array of investment opportunities, including forex trading through CFDs or spot contracts. However, the breadth of tradeable symbols significantly differs between the two. OANDA provides access to 3,928 tradeable symbols, whereas TMGM extends its offering to a sizeable 12,000 symbols. Despite this difference, OANDA edges ahead in forex trading options, with 68 tradeable currency pairs compared to TMGM's 62 pairs. One area where both brokers align is in the absence of exchange-traded securities on both U.S. and international exchanges, meaning clients cannot buy direct shares like Apple or Vodafone through these platforms.

Both OANDA and TMGM support copy trading, offering opportunities for traders to mirror successful strategies. However, they diverge in cryptocurrency offerings: OANDA allows clients to buy actual cryptocurrency, a feature TMGM does not offer. Instead, both provide options for trading cryptocurrency derivatives. Despite varying investment ranges, both platforms receive high marks, with OANDA earning 4 stars and TMGM slightly ahead with 4.5 stars for their range of investments. In a ranking of 63 brokers by ForexBrokers.com, OANDA is positioned at #27, while TMGM ranks higher at #17, indicating a broader appeal in investment variety to users.

Feature OANDA logoOANDA
TMGM logoTMGM
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 3928 info 12000
Forex Pairs (Total) info 68 62
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No 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

When comparing the trading platforms and tools offered by OANDA and TMGM, both brokers provide a range of features that cater to various trader preferences. Both OANDA and TMGM offer simulated trading with free virtual demo accounts, allowing new traders to practice before committing real finances. While OANDA boasts a proprietary platform developed in-house, TMGM does not offer proprietary software but still delivers a solid experience with its Windows-based desktop platform and web-based trading options. Both brokers support popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5) and provide copy trading services, although neither offers DupliTrade or ZuluTrade features.

Charting capabilities highlight further differences between the two: OANDA provides an impressive 431 drawing tools, overshadowing TMGM's 15, which might appeal more to traders who rely heavily on technical analysis. Both brokers permit trading directly from stock charts, but when it comes to watchlist customization, TMGM edges out with seven columns compared to OANDA's six. Despite these differences, both brokers achieve an overall rating of four stars for their trading platforms and tools. Notably, OANDA holds a stronger position in industry rankings, securing the 15th spot out of 63 brokers, while TMGM ranks 48th, reflecting the diverse strengths and considerations each platform brings to traders.

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 81 30
Charting - Drawing Tools (Total) info 431 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 6 7
View More

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

Forex trading apps

When it comes to mobile trading apps, both OANDA and TMGM offer strong options for traders using either iPhone or Android devices. They each provide essential features including price alerts for stocks or forex, the ability to draw trendlines, and multiple time frame views for charts. Both platforms also ensure your analytical work is preserved by automatically saving chart drawings. However, neither OANDA nor TMGM currently supports watchlist symbol syncing, meaning changes made in the mobile app do not update the online account automatically.

Despite the similarities in functionalities, users have rated OANDA’s mobile app higher, awarding it 5 stars compared to TMGM’s 4-star rating. OANDA also ranks significantly higher on ForexBrokers.com, placed at #7 out of 63 brokers, compared to TMGM’s #47 ranking. Both trading apps offer 30 technical studies for charting and the ability to create a watchlist with real-time quotes, catering well to active traders. While both apps are solid choices, OANDA's superior user rating and higher industry ranking might sway traders who value these distinctions.

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

Both OANDA and TMGM offer daily market commentary and provide forex news from top-tier sources like Bloomberg and Reuters, making them reliable choices for up-to-date information. However, when it comes to specialized research tools, OANDA stands out by partnering with Autochartist, providing users with advanced technical and fundamental analysis options, while TMGM does not offer Autochartist tools. Meanwhile, TMGM distinguishes itself with its collaboration with Trading Central and Acuity Trading, offering users tools like Technical Analytics and the Signal Centre, which are absent in OANDA's suite of offerings.

For traders who rely on sentiment analysis, both brokers provide tools that display the ratio of long and short positions, helping investors gauge market mood. While each offers an economic calendar tracking global financial events, OANDA's overall research capabilities are rated higher, achieving a 5-star rating in comparison to TMGM's 3.5-star score. On the ForexBrokers.com ranking, OANDA excels, securing the 5th position out of 63 brokers in the Research category, while TMGM trails significantly, ranked at 53. This highlights OANDA as a top choice for those prioritizing high-quality research in their trading activities.

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

When it comes to educational resources tailored for beginners, OANDA stands out compared to TMGM. OANDA offers a wealth of learning materials, including over ten articles, videos, and archived webinars focusing on forex and CFDs. Additionally, OANDA hosts online educational webinars every month and provides a searchable archive of recorded sessions. In terms of educational video content, OANDA excels with over ten videos targeting beginners and another set for advanced traders. TMGM, on the other hand, falls short in these areas, lacking a similar range of educational articles, webinars, and videos. Both brokers have an investor dictionary covering at least 50 investing terms, but OANDA's comprehensive approach to education gives it a notable edge.

OANDA receives a top rating of five stars for its educational offerings, while TMGM garners a rating of 3.5 stars. This is reflected in their rankings by ForexBrokers.com, where OANDA is placed 22nd out of 63 brokers in the Education category, while TMGM sits at 54th. For beginners seeking extensive educational resources to boost their trading skills, OANDA presents a more well-rounded and informative choice than TMGM.

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.




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.

Select Brokers

×
  • check_box_outline_blankcheck_boxActivTrades
  • check_box_outline_blankcheck_boxACY Securities
  • check_box_outline_blankcheck_boxAdmirals
  • check_box_outline_blankcheck_boxAlpari
  • check_box_outline_blankcheck_boxATFX
  • check_box_outline_blankcheck_boxAvaTrade
  • check_box_outline_blankcheck_boxAxi
  • check_box_outline_blankcheck_boxBDSwiss
  • check_box_outline_blankcheck_boxBlackBull Markets
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxCharles Schwab
  • check_box_outline_blankcheck_boxCity Index
  • check_box_outline_blankcheck_boxCMC Markets
  • check_box_outline_blankcheck_boxDooPrime
  • check_box_outline_blankcheck_boxEarn
  • check_box_outline_blankcheck_boxeasyMarkets
  • check_box_outline_blankcheck_boxEightcap
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxExness
  • check_box_outline_blankcheck_boxFinecoBank
  • check_box_outline_blankcheck_boxFOREX.com
  • check_box_outline_blankcheck_boxFP Markets
  • check_box_outline_blankcheck_boxFXCM
  • check_box_outline_blankcheck_boxFXGT.com
  • check_box_outline_blankcheck_boxFXOpen
  • check_box_outline_blankcheck_boxFXPrimus
  • check_box_outline_blankcheck_boxFxPro
  • check_box_outline_blankcheck_boxGBE brokers
  • check_box_outline_blankcheck_boxHFM
  • check_box_outline_blankcheck_boxHYCM (Henyep Capital Markets)
  • check_box_outline_blankcheck_boxIC Markets
  • check_box_outline_blankcheck_boxIFC Markets
  • check_box_outline_blankcheck_boxiFOREX
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxIronFX
  • check_box_outline_blankcheck_boxIUX
  • check_box_outline_blankcheck_boxLegacyFX
  • check_box_outline_blankcheck_boxLibertex (Forex Club)
  • check_box_outline_blankcheck_boxMarkets.com
  • check_box_outline_blankcheck_boxMarkets4you
  • check_box_outline_blankcheck_boxMoneta Markets
  • check_box_outline_blankcheck_boxMultiBank
  • check_box_outline_blankcheck_boxOANDA
  • check_box_outline_blankcheck_boxOcta
  • check_box_outline_blankcheck_boxPepperstone
  • check_box_outline_blankcheck_boxPlus500
  • check_box_outline_blankcheck_boxQuestrade
  • check_box_outline_blankcheck_boxRoboForex
  • check_box_outline_blankcheck_boxSaxo
  • check_box_outline_blankcheck_boxSpreadex
  • check_box_outline_blankcheck_boxSwissquote
  • check_box_outline_blankcheck_boxThinkMarkets
  • check_box_outline_blankcheck_boxTickmill
  • check_box_outline_blankcheck_boxTMGM
  • check_box_outline_blankcheck_boxTopFX
  • check_box_outline_blankcheck_boxTrade Nation
  • check_box_outline_blankcheck_boxTrading 212
  • check_box_outline_blankcheck_boxVantage
  • check_box_outline_blankcheck_boxVT Markets
  • check_box_outline_blankcheck_boxXM Group
  • check_box_outline_blankcheck_boxXTB
  • check_box_outline_blankcheck_boxXtrade

Compare

0 of 5
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
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
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 No No
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 No No
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 No No
Investments OANDA TMGM
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 3928 info 12000
Forex Pairs (Total) info 68 62
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info No 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 1.61 info N/A info
All-in Cost EUR/USD - Active info 1.61 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 81 30
Charting - Drawing Tools (Total) info 431 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
arrow_upward

close