After spending seven months and hundreds of hours researching 43 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare easyMarkets vs TD Ameritrade FX.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. TD Ameritrade FX's score is 4.00 stars versus easyMarkets's 3.00 stars.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. easyMarkets and TD Ameritrade FX both are regulated in a major hub. TD Ameritrade FX is a publicly traded company, while easyMarkets is not. As far as how many currency pairs are available for trading, here's the answer. easyMarkets offers its clients access to 97 different currency pairs while TD Ameritrade FX has 77 available pairs, a difference of 20.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. easyMarkets has Meta Trader, TD Ameritrade FX doesn't. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. easyMarkets offers its clients access to 31 charting tools while TD Ameritrade FX has 20 charting tools, a difference of 11. TD Ameritrade FX offers its clients access to 377 different indicators (for example, volume) while easyMarkets has 51 available indicators, a difference of 326.
Overall, TD Ameritrade FX boasts 4.50 stars versus easyMarkets's 4.00 stars. And, when it comes to individual category awards, TD Ameritrade FX finished with awards Best in Class - Mobile Trading in 2018, while easyMarkets came up with none of these.