Is CMC Markets better than TD Ameritrade? After testing 27 of the best forex brokers over five months, CMC Markets is better than TD Ameritrade. CMC Markets is a globally trusted broker that delivers a terrific offering for traders thanks to excellent pricing, nearly 10,000 tradeable instruments, and the Next Generation trading platform, which comes packed with quality research, innovative trading tools, and powerful charting.
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CMC Markets vs TD Ameritrade 2021
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 |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 99 | 98 |
| CMC Markets Review | TD Ameritrade Review | |
| Winner | check_circle | |
| 73% of retail CFD accounts lose money | N/A of retail CFD accounts lose money |
Regulation
| Feature | CMC Markets | TD Ameritrade |
| Trust Score | 99 | 98 |
|
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 (High Trust)
| Feature | CMC Markets | TD Ameritrade |
|
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 Trading |
Yes | Yes |
|
CFDs (Total) |
9852 | 0 |
|
Forex Pairs (Total) |
158 | 73 |
|
Cryptocurrency (Physical) |
No | No |
|
Cryptocurrency (CFD) |
Yes | No |
|
Social Trading / Copy-Trading |
Yes | Yes |
Cost
| Feature | CMC Markets | TD Ameritrade |
|
Average Spread EUR/USD - Standard |
0.74 (August 2020) | 1.065 pips (Sep 2019) |
|
All-in Cost EUR/USD - Active |
0.64 (August 2020) | 1.065 pips (Sep 2019) |
|
Active Trader or VIP Discounts |
Yes | Yes |
Funding
| Feature | CMC Markets | TD Ameritrade |
|
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 |
|
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 |
|
DupliTrade |
No | No |
|
ZuluTrade |
No | No |
Trading Tools
| Feature | CMC Markets | TD Ameritrade |
|
Virtual Trading (Demo) |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watchlists - Total Fields |
9 | 548 |
|
Charting - Indicators / Studies (Total) |
86 | 382 |
|
Charting - Drawing Tools (Total) |
40 | 20 |
|
Charting - Trade From Chart |
Yes | Yes |
|
Charting - Drawings Autosave |
Yes | Yes |
|
Order Type - Trailing Stop |
Yes | Yes |
Mobile Trading
| Feature | CMC Markets | TD Ameritrade |
|
Android App |
Yes | Yes |
|
Apple iOS App |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watch List |
Yes | Yes |
|
Watch List Syncing |
Yes | Yes |
|
Charting - Indicators / Studies |
29 | 348 |
|
Charting - Draw Trendlines |
Yes | Yes |
|
Charting - Trendlines Moveable |
Yes | No |
|
Charting - Multiple Time Frames |
Yes | Yes |
|
Charting - Drawings Autosave |
Yes | Yes |
|
Forex Calendar |
Yes | Yes |
Research
| Feature | CMC Markets | TD Ameritrade |
|
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 |
Education
| Feature | CMC Markets | TD Ameritrade |
|
Has Education - Forex |
Yes | Yes |
|
Has Education - CFDs |
Yes | No |
|
Client Webinars |
Yes | Yes |
|
Client Webinars (Archived) |
Yes | Yes |
|
Videos - Beginner Trading Videos |
Yes | Yes |
|
Videos - Advanced Trading Videos |
Yes | Yes |
|
Investor Dictionary (Glossary) |
Yes | Yes |
Major Forex Pairs
| Feature | CMC Markets | TD Ameritrade |
|
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 |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 99 | 98 |
| CMC Markets Review | TD Ameritrade Review |
Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare CMC Markets vs TD Ameritrade.
Does CMC Markets or TD Ameritrade offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, CMC Markets offers better pricing overall for traders.
Is CMC Markets or TD Ameritrade safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. TD Ameritrade holds 5 global Tier-1 licenses, while CMC Markets holds 4. CMC Markets holds 2 global Tier-2 licenses, while TD Ameritrade holds 0. All regulators considered, CMC Markets has a Trust Score of 99.00, while TD Ameritrade's Trust Score is 98.00.
Which trading platform is better: CMC Markets or TD Ameritrade?
To compare the trading platforms of both CMC Markets and TD Ameritrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, CMC Markets offers a better experience. With research, CMC Markets offers superior market research. Finally, we found CMC Markets to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. CMC Markets and TD Ameritrade both offer copy trading. CMC Markets offers MetaTrader 4 (MT4), while TD Ameritrade does not.
How many forex pairs and CFDs are available to trade?
CMC Markets provides traders 158 currency pairs (e.g., EUR/USD) compared to TD Ameritrade's 73 available pairs. Forex pairs aside, CMC Markets offers traders access to 9852 CFDs while TD Ameritrade has 0 available CFDs, a difference of 9,852.
Overall winner: CMC Markets
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Trading CFDs, FX, and cryptocurrencies involve 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 website as of 12/14/2020 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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