OANDA vs TMGM 2026
By Akash · Facts last confirmed (UTC) · 41 of 46 facts confirmed on the brokers’ own pages
OANDA has the higher TFB Score (83/100 vs 65/100). OANDA is regulated by FCA, NFA/CFTC, ASIC; TMGM by ASIC, VFSC, FSA. TFB Score: OANDA 83/100, TMGM 65/100.
OANDA serves UK clients through OANDA Europe Limited (FCA 542574) with spread-only pricing from 0.6 pips on EUR/USD, no minimum deposit, and the OANDA web and mobile platforms, MT4, MT5 and TradingView.
76.6% of retail CFD accounts lose money with this provider.
TMGM is an Australian-founded CFD broker (since 2013) offering MetaTrader 4 and MetaTrader 5 with EDGE (spreads from 0.0 pips plus commission) and CLASSIC (spreads from 1.0 pips, no commission) accounts, operating through entities regulated by ASIC, the VFSC, the FSA Seychelles, the FSC Mauritius and the CMA Kenya.
Side by side
| Item | OANDA | TMGM |
|---|---|---|
| TFB Score | 83/100▲ | 65/100 |
| Regulation & safety | 35/35▲5 tier-1 regulators (FCA, CFTC/NFA, ASIC…), investor compensation | 23/351 tier-1 regulator (ASIC), client money kept apart |
| Fees & costs | 14/25▲Spreads from 0.6 pips; commission not published | 13/25Spreads and commission not published (counted as neutral) |
| Deposits & withdrawals | 17/20▲Minimum deposit No minimum deposit (OANDA Europe Limited, UK), 3 deposit methods, 2 withdrawal methods | 14/20Minimum deposit $100 (EDGE and CLASSIC), 3 deposit methods |
| Platforms & trading | 17/20▲MT4, MT5, TradingView; leverage up to 30:1 on major currency pairs for retail clients (OANDA Europe Limited, FCA) | 15/20MT4, MT5; leverage up to 1:1000 (international entities; 1:30 for the Australian entity) |
| Trader Score | No trader scores yet | No trader scores yet |
| Regulators | FCA, NFA/CFTC, ASIC, MAS, KNF, FSC BVI | ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC |
| Minimum deposit | No minimum deposit (OANDA Europe Limited, UK) | $100 (EDGE and CLASSIC) |
| Spreads from | 0.6 pips EUR/USD (UK) | Not published |
| Max leverage | 30:1 on major currency pairs for retail clients (OANDA Europe Limited, FCA) | up to 1:1000 (international entities; 1:30 for the Australian entity) |
| Platforms | ||
| Withdrawal methods | Credit/debit card, Bank transfer | Not published |
| Retail accounts losing money | 76.6% | Not published |
Facts from each broker's own website and the regulators' registers. Full sources are on each review: OANDA review · TMGM review.
Frequently asked questions
Short answers, from the facts shown on this page.
Is OANDA or TMGM better?
OANDA has the higher TFB Score (83/100 vs 65/100). The best choice depends on your country, platform and payment method.
Are OANDA and TMGM regulated?
OANDA: FCA, NFA/CFTC, ASIC, MAS, KNF, FSC BVI. TMGM: ASIC, VFSC, FSA, FSA Seychelles, FSC Mauritius, FSC. Every licence is linked to the regulator's register on each review.
Which is safer, OANDA or TMGM?
OANDA holds 5 tier-1 licences (FCA, CFTC/NFA, ASIC, MAS and KNF); TMGM holds 1 (ASIC). Tier-1 regulators have the strictest rules on client money. Your protection depends on which company opens your account.
What is the minimum deposit at OANDA and TMGM?
OANDA: No minimum deposit (OANDA Europe Limited, UK). TMGM: $100 (EDGE and CLASSIC).
Do OANDA and TMGM offer MetaTrader and TradingView?
Both offer MetaTrader 4 and MetaTrader 5. OANDA: OANDA web, OANDA mobile, MetaTrader 4, MetaTrader 5, TradingView. TMGM: MT4, MT5.
What is the maximum leverage at OANDA and TMGM?
OANDA: 30:1 on major currency pairs for retail clients (OANDA Europe Limited, FCA). TMGM: up to 1:1000 (international entities; 1:30 for the Australian entity). Leverage depends on the company that opens your account and on your country.
More OANDA comparisons
More TMGM comparisons
Forex trading at these brokers is done through CFDs (contracts for difference): you trade on the price moving up or down, without owning the currency itself.Risk warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. At OANDA, 76.6% of retail investor accounts lose money when trading CFDs with that provider. You should consider whether you can afford to take the high risk of losing your money. Read the full risk warning