After spending seven months and hundreds of hours researching 20 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 5,000 data points. For this review, we will compare AvaTrade vs TD Ameritrade FX.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. TD Ameritrade FX is a better option with a 4.00 star rating over AvaTrade's 3.00 star rating.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Both AvaTrade and TD Ameritrade FX are regulated in a major hub. TD Ameritrade FX is a publicly traded company, while AvaTrade is not. As far as how many currency pairs are available for trading, here's the answer. AvaTrade trails TD Ameritrade FX by 71 total currency pairs (for example, EUR/USD), with TD Ameritrade FX offering 130 and AvaTrade offering 59.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. AvaTrade has Meta Trader, TD Ameritrade FX doesn't. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. AvaTrade boasts an offering of 31 charting tools compared to TD Ameritrade FX's 20 available charting tools. TD Ameritrade FX boasts an offering of 377 different indicators (for example, moving averages) compared to AvaTrade's 51 available indicators.
Overall, TD Ameritrade FX takes the upper hand with 4.00 stars over AvaTrade's 3.50 stars. And, when it comes to individual category awards, TD Ameritrade FX posted awards Best in Class - Mobile Trading in 2017, while AvaTrade found itself with none of these.