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 alongside TD Ameritrade FX 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? TD Ameritrade FX offers its clients access to 77 different currency pairs while AxiTrader has 53 available pairs, a difference of 24.
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 has Meta Trader, TD Ameritrade FX doesn't. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. TD Ameritrade FX trails AxiTrader by 11 total charting tools, with AxiTrader offering 31 and TD Ameritrade FX offering 20. TD Ameritrade FX offers its clients access to 377 different indicators (for example, volume) while AxiTrader has 51 available indicators, a difference of 326.
Overall, TD Ameritrade FX comes out on top with 4.50 stars over AxiTrader's 3.50 stars. And, when it comes to individual category awards, TD Ameritrade FX posted awards Best in Class - Mobile Trading in 2018, while AxiTrader found itself with none of these.