Side-by-side comparison of OANDA and TMGM on every dimension professional traders care about — from fees and leverage to regulators, scalping rules, and EA support. Updated May 2026.
OANDA is an American broker founded in 1996, the most established in the industry. Strongly regulated: CFTC + NFA + FCA + ASIC. Famous for institutional-grade execution and economic-data tools.
TMGM (TradeMax Global Markets) is an Australian broker founded in 2013 in Sydney, focused on multi-asset trading: Forex, Stocks, Crypto, Indices. Famous for ECN execution and 12,000+ stock CFDs.
OANDA wins 7/13 categories — the better all-round choice.
| Field | OANDA | TMGM |
|---|---|---|
| Rebate per lot | $6.50 / lot | $9.40 / lot |
| Spread from | 0.1 pips | 0 pips |
| Execution speed | 40 ms | 45 ms |
| Max leverage | 1:50 (US) / 1:200 (Intl) | 1:500 |
| Min deposit | $0 | $100 |
| User rating | 4.5 / 5 (4,520) | 4.0 / 5 (1,245) |
| Trust score | 9.21 / 10 | 8.05 / 10 |
| Execution type | Market Maker / STP | ECN / DMA |
| Liquidity providers | 18+ | 17+ |
| Regulators | CFTC (US) · NFA (US) · FCA (UK) #542574 | ASIC (AU) #436416 · FMA (NZ) #FSP345553 · VFSC (VU) #40356 |
| Platforms | MT4 · MT5 · OANDA Web · OANDA Mobile · TradingView · API | MT4 · MT5 · IRESS · TMGM Mobile |
| Payout frequency | รายเดือน | ทุก 2 วัน |
| Withdrawal time | 1-2 วันทำการ | 1-4 ชม. |
| Swap-free / Islamic | — | — |
| Scalping allowed | ✓ | ✓ |
| EA / algo allowed | ✓ | ✓ |
| Negative balance protection | ✓ | ✓ |
