Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare AvaTrade vs TD Ameritrade FX.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. TD Ameritrade FX is a better option with a 4 star rating over AvaTrade's 3.5 star rating.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. AvaTrade alongside TD Ameritrade FX are regulated in a major hub. TD Ameritrade FX is a publicly traded company, AvaTrade isn't. How many currency pairs are available to trade? TD Ameritrade FX boasts an offering of 75 different currency pairs compared to AvaTrade's 60 available pairs.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. AvaTrade makes Meta Trader available to clients, while TD Ameritrade FX does not. Within the trading platform, charting should be robust, so 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. AvaTrade trails TD Ameritrade FX by 352 total different indicators (for example, moving averages), with TD Ameritrade FX offering 403 and AvaTrade offering 51.
Overall, TD Ameritrade FX takes the upper hand with 4.5 stars over AvaTrade's 3 stars. And, when it comes to individual category awards, TD Ameritrade FX finished with awards Best in Class - Platforms & Tools in 2018, while AvaTrade came up with none of these.