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CMC Markets vs TD Ameritrade Forex 2019

ForexBrokers.com | October 27th, 2019

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  3. CMC Markets vs TD Ameritrade Forex Review
Is CMC Markets better than TD Ameritrade Forex? After grading the best forex brokers on nearly 100 different variables, CMC Markets is better than TD Ameritrade Forex. Through its offices regulated in major global financial centers, CMC Markets offers traders a wide range of financial products 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 Forex
Overall 4.5 4.5
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 4 4
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 5 4
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 4.5 4.5
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 4 4
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 4.5 4.5
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 4 4
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 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 Forex.

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

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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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