Compare Oanda vs TMGM


Online brokers compared for fees, trading platforms, safety and more. See how Oanda stacks up against TMGM!

Oanda vs TMGM
overall rating
4.6
4.3
overall pros
  • Great trading platforms
  • Outstanding research tools
  • Fast and user-friendly account opening
  • Low forex fees
  • Easy and fast account opening
  • Free deposit and withdrawal
overall cons
  • Only FX and CFD available
  • No stock exchange listing and banking background
  • Customer support is not 24/7
  • Slim product portfolio
  • Limited research and educational tools
  • No negative balance protection
fees
4.2
  • Low forex fees
  • First credit/debit card withdrawal per month is free
  • Average CFD fees
4.6
  • Low forex fees
  • No withdrawal fee
  • No inactivity fee
account opening
4.4
  • Fully digital
  • No minimum deposit
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
4.2
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • High withdrawal fee for bank transfers and PayPal
4.3
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Minor currencies not accepted
web trading platform
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • No price alerts
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
mobile trading platform
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
  • No Touch/Face ID login
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
desktop trading platform
4.5
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
  • No price alerts
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
1.6
  • Forex
  • CFD
1.9
  • Forex
  • CFD
  • Crypto
research
4.5
  • Good interactive chart
  • Data on asset fundamentals
  • Quality news flow
  • Great API
  • No trading ideas
  • Research tools are poorly organized
1.5
  • Strategy Tester for automated trading
  • No trading ideas
  • No fundamental data available
  • No/poor quality news flow
customer service
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
4.5
  • Live chat
  • Fast response time
  • Relevant answers
  • No 24/7 support
  • Phone support problematic
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Materials are not well-organized
1.5
  • Demo account
  • No trading platform tutorial videos
  • No educational videos
  • No webinars
  • Majority of clients belong to a top-tier financial authority
  • Negative balance protection
  • Financial information is publicly available
  • Does not hold a banking license
  • Not listed on stock exchange
  • Regulated by the top-tier ASIC
  • No negative balance protection
  • Not listed on stock exchange
  • No investor proection by regulators
recommended for Forex traders who value a user-friendly platform and great research tools Forex traders who prefer the MetaTrader platform
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