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TD Ameritrade Forex vs CMC Markets 2019

ForexBrokers.com | September 19th, 2019

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  3. TD Ameritrade Forex vs CMC Markets Review
Is CMC Markets better than TD Ameritrade FX? After grading forex brokers on nearly 100 different variables, CMC Markets is better than TD Ameritrade FX. Through its offices regulated in major global financial centers, CMC Markets offers traders a wide range of offerings with excellent pricing and its Next Generation trading platform, which is packed with innovative trading tools and charting.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Overall Rating

Feature TD Ameritrade Forex CMC Markets
Overall 4.5 4.5
TD Ameritrade Forex Review CMC Markets Review
N/A of retail CFD accounts lose money 75% of retail CFD accounts lose money

Regulation

Feature TD Ameritrade Forex CMC Markets
Trust Score 96 98
Year Founded
 1955 1989
Publicly Traded (Listed)
 Yes Yes
Bank
 Yes No
Tier-1 Licenses
 5 4
Tier-2 Licenses
 0 1
Tier-3 Licenses
 0 0
Authorised in the European Union
 Yes Yes

Tier-1 Licenses

Feature TD Ameritrade Forex CMC Markets
ASIC Authorised (Australia)
 No Yes
IIROC Authorised (Canada)
No Yes
SFC Authorised (Hong Kong)
 Yes No
FSA Authorised (Japan)
 No No
MAS Authorised (Singapore)
 Yes Yes
FINMA Authorised (Switzerland)
 No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
Yes No

Investments

Feature TD Ameritrade Forex CMC Markets
Forex: Spot Trading
 Yes Yes
Social Trading / Copy-Trading
 Yes Yes
Currency Pairs (Total Forex pairs)
 75 180
CFDs - Total Offered
 0 9848
Cryptocurrency traded as actual
 No No
Cryptocurrency traded as CFD
 No Yes
Offering of Investments 4 4
Winner check_circle

Cost

Feature TD Ameritrade Forex CMC Markets
Average Spread EUR/USD - Standard
 N/A 0.744 (as of Sep 18)
All-in Cost EUR/USD - Active
 N/A 0.744 (as of Sep 18)
Active Trader or VIP Discounts
 Yes Yes
Commissions & Fees 4 5
Winner check_circle

Funding

Feature TD Ameritrade Forex CMC Markets
Minimum Initial Deposit
 $0.00 $0.00
Bank Wire (Deposit/Withdraw)
 Yes Yes
Visa/Mastercard (Credit/Debit)
 No Yes
PayPal (Deposit/Withdraw)
 No Yes
Skrill (Deposit/Withdraw)
 No No

Trading Platforms

Feature TD Ameritrade Forex CMC Markets
Proprietary Platform
 Yes Yes
Desktop Platform (Windows)
 Yes Yes
Web Platform
 No Yes
Social Trading / Copy-Trading
 Yes Yes
MetaTrader 4 (MT4)
 No Yes
MetaTrader 5 (MT5)
 No No
cTrader
 No No

Trading Tools

Feature TD Ameritrade Forex CMC Markets
Virtual Trading (Demo)
 Yes Yes
Alerts - Basic Fields
 Yes Yes
Watchlists - Total Fields
 506 8
Charting - Indicators / Studies (Total)
 403 79
Charting - Drawing Tools (Total)
 20 24
Charting - Trade From Chart
 Yes Yes
Charting - Drawings Autosave
 Yes Yes
Order Type - Trailing Stop
 Yes Yes
Platform & Tools 4.5 4.5
Winner check_circle

Mobile Trading

Feature TD Ameritrade Forex CMC Markets
Android App
 Yes Yes
Apple iOS App
 Yes Yes
Trading - Forex
 Yes Yes
Trading - CFDs
 No Yes
Alerts - Basic Fields
 Yes Yes
Watch List
 Yes Yes
Watch List Syncing
 Yes Yes
Charting - Indicators / Studies
 397 23
Charting - Draw Trend Lines
 No Yes
Charting - Trend Lines Moveable
 No Yes
Charting - Multiple Time Frames
 Yes Yes
Charting - Drawings Autosave
 Yes Yes
Forex Calendar
 Yes Yes
Mobile Trading 4 4
Winner check_circle

Research

Feature TD Ameritrade Forex CMC Markets
Daily Market Commentary
 Yes Yes
Forex News (Top-Tier Sources)
 Yes Yes
Weekly Webinars
 No Yes
AutoChartist
 No No
Trading Central (Recognia)
 No Yes
Delkos Research
 No No
Social Sentiment - Currency Pairs
 No Yes
Economic Calendar
 Yes Yes
Research 4.5 4.5
Winner check_circle

Education

Feature TD Ameritrade Forex CMC Markets
Has Education - Forex
 Yes Yes
Has Education - CFDs
No Yes
Client Webinars
 Yes Yes
Client Webinars (Archived)
 No Yes
Videos - Beginner Trading Videos
 Yes Yes
Videos - Advanced Trading Videos
 No Yes
Investor Dictionary (Glossary)
 Yes Yes
Education 4 4
Winner check_circle

Major Forex Pairs

Feature TD Ameritrade Forex CMC Markets
GBP/USD
 Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
 Yes Yes
USD/CAD
 Yes Yes
NZD/USD
Yes Yes
AUD/USD
 Yes Yes

Overall

Feature TD Ameritrade Forex CMC Markets
TD Ameritrade Forex Review CMC Markets Review
Overall 4.5 4.5
Winner check_circle
Our ForexBrokers.com team spent several months and hundreds of hours assessing 28 different forex broker accounts for trading FX. In total, over 2,200 data points were collected. For this review, we will compare CMC Markets 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. CMC Markets received a rating of 5.00 stars over TD Ameritrade FX's 4.00 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. CMC Markets alongside TD Ameritrade FX are regulated in a major hub. Both CMC Markets and TD Ameritrade FX are publicly traded companies. How many currency pairs are available to trade? TD Ameritrade FX trails CMC Markets by 108 total currency pairs (for example, EUR/USD), with CMC Markets offering 183 and TD Ameritrade FX offering 75.

To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Neither offers Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. CMC Markets offers its clients access to 24 charting tools while TD Ameritrade FX has 20 charting tools, a difference of 4. CMC Markets trails TD Ameritrade FX by 322 total different indicators (for example, moving averages), with TD Ameritrade FX offering 403 and CMC Markets offering 81.

CMC Markets Review
TD Ameritrade FX Review

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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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