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CMC Markets vs TD Ameritrade Forex 2019
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 Forex |
Overall | ||
CMC Markets Review | TD Ameritrade Forex Review | |
75% of retail CFD accounts lose money | N/A of retail CFD accounts lose money |
Regulation
Feature | CMC Markets | TD Ameritrade Forex |
Trust Score | 99 | 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 Forex |
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 |
Investments
Feature | CMC Markets | TD Ameritrade Forex |
Forex: Spot Trading |
Yes | Yes |
Social Trading / Copy-Trading |
Yes | Yes |
Currency Pairs (Total Forex pairs) |
180 | 75 |
CFDs - Total Offered |
9848 | 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 Forex |
Average Spread EUR/USD - Standard |
0.81 (as of Oct 19) | 1.065 pips (Sep 2019) |
All-in Cost EUR/USD - Active |
0.81 (as of Oct 19) | 1.065 pips (Sep 2019) |
Active Trader or VIP Discounts |
Yes | Yes |
Commissions & Fees | ||
Winner | check_circle |
Funding
Feature | CMC Markets | TD Ameritrade Forex |
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 Forex |
Proprietary Platform |
Yes | Yes |
Desktop Platform (Windows) |
Yes | Yes |
Web Platform |
Yes | Yes |
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 Forex |
Virtual Trading (Demo) |
Yes | Yes |
Alerts - Basic Fields |
Yes | Yes |
Watchlists - Total Fields |
8 | 548 |
Charting - Indicators / Studies (Total) |
79 | 382 |
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 Forex |
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 Forex |
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 Sentiment - Currency Pairs |
Yes | No |
Economic Calendar |
Yes | Yes |
Research | ||
Winner | check_circle |
Education
Feature | CMC Markets | TD Ameritrade Forex |
Has Education - Forex |
Yes | Yes |
Has Education - CFDs |
Yes | No |
Client Webinars |
Yes | Yes |
Client Webinars (Archived) |
Yes | No |
Videos - Beginner Trading Videos |
Yes | Yes |
Videos - Advanced Trading Videos |
Yes | No |
Investor Dictionary (Glossary) |
Yes | Yes |
Education | ||
Winner | check_circle |
Major Forex Pairs
Feature | CMC Markets | TD Ameritrade Forex |
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 | CMC Markets | TD Ameritrade Forex |
CMC Markets Review | TD Ameritrade Forex Review | |
Overall | ||
Winner | check_circle |
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 Forex'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. Both CMC Markets and TD Ameritrade Forex are regulated in a major hub. CMC Markets alongside TD Ameritrade Forex are publicly traded companies. How many currency pairs are available to trade? TD Ameritrade Forex trails CMC Markets by 105 total currency pairs (for example, EUR/USD), with CMC Markets offering 180 and TD Ameritrade Forex 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. CMC Markets offers Meta Trader while TD Ameritrade Forex does not. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. CMC Markets boasts an offering of 24 charting tools compared to TD Ameritrade Forex's 20 available charting tools. TD Ameritrade Forex offers its clients access to 382 different indicators (for example, volume) while CMC Markets has 79 available indicators, a difference of 303.
CMC Markets Review
TD Ameritrade Forex 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.