To find the top fx brokers
, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare CMC Markets vs TD Ameritrade FX.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. CMC Markets received a rating of 5 stars over TD Ameritrade FX's 4 stars.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. CMC Markets and TD Ameritrade FX both are regulated in a major hub. Both CMC Markets and TD Ameritrade FX are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. CMC Markets offers its clients access to 183 different currency pairs while TD Ameritrade FX has 75 available pairs, a difference of 108.
To round out our comparison of CMC Markets vs TD Ameritrade FX, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. CMC Markets nor TD Ameritrade FX offers Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. TD Ameritrade FX trails CMC Markets by 4 total charting tools, with CMC Markets offering 24 and TD Ameritrade FX offering 20. TD Ameritrade FX boasts an offering of 403 different indicators (for example, moving averages) compared to CMC Markets's 81 available indicators.
Overall, both CMC Markets and TD Ameritrade FX hold a 4.5 star rating. And, when it comes to individual category awards, TD Ameritrade FX finished with awards Best in Class - Platforms & Tools in 2018, while CMC Markets came up with none of these.