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 AxiTrader 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's score is 4.00 stars versus AxiTrader's 3.50 stars.
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. AxiTrader and TD Ameritrade FX both are regulated in a major hub. TD Ameritrade FX is a publicly traded company, while AxiTrader is not. How many currency pairs are available to trade? AxiTrader trails TD Ameritrade FX by 24 total currency pairs (for example, EUR/USD), with TD Ameritrade FX offering 77 and AxiTrader offering 53.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. AxiTrader 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. AxiTrader 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 AxiTrader's 51 available indicators.
Overall, TD Ameritrade FX takes the upper hand with 4.50 stars over AxiTrader's 3.50 stars. And, when it comes to individual category awards, TD Ameritrade FX finished with awards Best in Class - Mobile Trading in 2018, while AxiTrader came up with none of these.