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CMC Markets vs TD Ameritrade FX 2019
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 | CMC Markets | TD Ameritrade FX |
| Overall | ||
| CMC Markets Review | TD Ameritrade FX Review | |
| 75% of retail CFD accounts lose money | N/A of retail CFD accounts lose money |
Regulation
| Feature | CMC Markets | TD Ameritrade FX |
| Trust Score | 98 | 96 |
|
Year Founded |
1989 | 1955 |
|
Publicly Traded (Listed) |
Yes | Yes |
|
Bank |
No | Yes |
|
Tier-1 Licenses |
4 | 5 |
|
Tier-2 Licenses |
2 | 0 |
|
Tier-3 Licenses |
0 | 0 |
|
Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses
| Feature | CMC Markets | TD Ameritrade FX |
|
ASIC Authorised (Australia) |
Yes | No |
|
IIROC Authorised (Canada) |
Yes | No |
|
SFC Authorised (Hong Kong) |
No | Yes |
|
FSA Authorised (Japan) |
No | No |
|
MAS Authorised (Singapore) |
Yes | Yes |
|
FINMA Authorised (Switzerland) |
No | No |
|
FCA Authorised (UK) |
Yes | Yes |
|
CFTC Registered (USA) |
No | Yes |
Tier-2 Licenses
| Feature | CMC Markets | TD Ameritrade FX |
|
CBRC Authorised (China) |
Yes | No |
|
CySEC Authorised (Cyprus) |
No | No |
|
ISA Authorised (Israel) |
No | No |
|
FMA Authorised (New Zealand) |
Yes | No |
|
CBR Authorised (Russia) |
No | No |
|
FSB Authorised (South Africa) |
No | No |
|
SEC Authorised (Thailand) |
No | No |
|
DFSA / Central Bank Authorised (UAE) |
No | No |
Tier-3 Licenses
| Feature | CMC Markets | TD Ameritrade FX |
|
FSC Authorised (British Virgin Islands) |
No | No |
|
FSC Authorised (Mauritius) |
No | No |
|
Offshore Authorised |
No | No |
Investments
| Feature | CMC Markets | TD Ameritrade FX |
|
Forex: Spot Trading |
Yes | Yes |
|
Currency Pairs (Total Forex pairs) |
183 | 75 |
|
CFDs - Total Offered |
9959 | 0 |
|
Cryptocurrency traded as actual |
No | No |
|
Cryptocurrency traded as CFD |
Yes | No |
| Offering of Investments | ||
| Winner | check_circle |
Cost
| Feature | CMC Markets | TD Ameritrade FX |
|
Average Spread EUR/USD - Standard |
0.744 (as of Sep 18) | N/A |
|
All-in Cost EUR/USD - Active |
0.744 (as of Sep 18) | N/A |
|
Active Trader or VIP Discounts |
Yes | Yes |
| Commissions & Fees | ||
| Winner | check_circle |
Funding
| Feature | CMC Markets | TD Ameritrade FX |
|
Minimum Initial Deposit |
$0.00 | $0.00 |
|
Bank Wire (Deposit/Withdraw) |
Yes | Yes |
|
Visa/Mastercard (Credit/Debit) |
Yes | No |
|
PayPal (Deposit/Withdraw) |
Yes | No |
|
Skrill (Deposit/Withdraw) |
No | No |
Trading Platforms
| Feature | CMC Markets | TD Ameritrade FX |
|
Proprietary Platform |
Yes | Yes |
|
Desktop Platform (Windows) |
Yes | Yes |
|
Web Platform |
Yes | No |
|
Social Trading / Copy-Trading |
Yes | Yes |
|
MetaTrader 4 (MT4) |
Yes | No |
|
MetaTrader 5 (MT5) |
No | No |
|
cTrader |
No | No |
Trading Tools
| Feature | CMC Markets | TD Ameritrade FX |
|
Virtual Trading (Demo) |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watchlists - Total Fields |
8 | 506 |
|
Charting - Indicators / Studies (Total) |
81 | 403 |
|
Charting - Drawing Tools (Total) |
24 | 20 |
|
Charting - Trade From Chart |
Yes | Yes |
|
Charting - Drawings Autosave |
Yes | Yes |
|
Order Type - Trailing Stop |
Yes | Yes |
| Platform & Tools | ||
| Winner | check_circle |
Mobile Trading
| Feature | CMC Markets | TD Ameritrade FX |
|
Android App |
Yes | Yes |
|
Apple iOS App |
Yes | Yes |
|
Trading - Forex |
Yes | Yes |
|
Trading - CFDs |
Yes | No |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watch List |
Yes | Yes |
|
Watch List Syncing |
Yes | Yes |
|
Charting - Indicators / Studies |
23 | 397 |
|
Charting - Draw Trend Lines |
Yes | No |
|
Charting - Trend Lines Moveable |
Yes | No |
|
Charting - Multiple Time Frames |
Yes | Yes |
|
Charting - Drawings Autosave |
Yes | Yes |
|
Forex Calendar |
Yes | Yes |
| Mobile Trading | ||
| Winner | check_circle |
Research
| Feature | CMC Markets | TD Ameritrade FX |
|
Daily Market Commentary |
Yes | Yes |
|
Forex News (Top-Tier Sources) |
Yes | Yes |
|
Weekly Webinars |
Yes | No |
|
AutoChartist |
No | No |
|
Trading Central (Recognia) |
Yes | No |
|
Delkos Research |
No | No |
|
Social Trading / Copy-Trading |
Yes | Yes |
|
Social Sentiment - Currency Pairs |
Yes | No |
|
Economic Calendar |
Yes | Yes |
| Research | ||
| Winner | check_circle |
Education
| Feature | CMC Markets | TD Ameritrade FX |
|
Has Education - Forex |
Yes | Yes |
|
Has Education - CFDs |
Yes | No |
|
Client Webinars |
Yes | Yes |
|
Client Webinars (Archived) |
Yes | No |
|
Videos - Beginner Trading Videos |
No | Yes |
|
Videos - Advanced Trading Videos |
Yes | No |
|
Investor Dictionary (Glossary) |
Yes | Yes |
|
Tutorials/Guide (PDF or Interactive) |
Yes | Yes |
| Education | ||
| Winner | check_circle |
Major Forex Pairs
| Feature | CMC Markets | TD Ameritrade FX |
|
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 |
|
USDCNH (or CNHUSD) |
Yes | No |
|
USDSGD (or SGDUSD) |
Yes | No |
Overall
| Feature | CMC Markets | TD Ameritrade FX |
| CMC Markets Review | TD Ameritrade FX Review | |
| Overall | ||
| 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
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
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.
