Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare FOREX.com (GAIN Capital) vs TD Ameritrade FX.
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. FOREX.com (GAIN Capital)'s score is 4.50 stars versus TD Ameritrade FX'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. FOREX.com (GAIN Capital) and TD Ameritrade FX both are regulated in a major hub. Both FOREX.com (GAIN Capital) and TD Ameritrade FX are publicly traded companies. How many currency pairs are available to trade? TD Ameritrade FX trails FOREX.com (GAIN Capital) by 7 total currency pairs (for example, EUR/USD), with FOREX.com (GAIN Capital) offering 84 and TD Ameritrade FX offering 77.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. FOREX.com (GAIN Capital) makes Meta Trader available to clients, while TD Ameritrade FX does not. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. FOREX.com (GAIN Capital) offers its clients access to 22 charting tools while TD Ameritrade FX has 20 charting tools, a difference of 2. FOREX.com (GAIN Capital) trails TD Ameritrade FX by 238 total different indicators (for example, moving averages), with TD Ameritrade FX offering 377 and FOREX.com (GAIN Capital) offering 139.
Overall, both FOREX.com (GAIN Capital) and TD Ameritrade FX hold a 4.50 star rating. And, when it comes to individual category awards, TD Ameritrade FX finished with awards Best in Class - Mobile Trading in 2018, while FOREX.com (GAIN Capital) came up with Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Investor Education.