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FOREX.com vs TD Ameritrade Forex 2020

Is FOREX.com better than TD Ameritrade Forex? After grading the best forex brokers on 105 different variables, TD Ameritrade Forex is better than FOREX.com. With nearly 80 currency pairs to trade alongside a plethora of trading tools and research, TD Ameritrade’s thinkorswim platform provides US-based forex traders a winning experience.

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 FOREX.com TD Ameritrade Forex
Overall 4.5 4.5
FOREX.com Review TD Ameritrade Forex Review
69% of retail CFD accounts lose money N/A of retail CFD accounts lose money

Regulation

Feature FOREX.com TD Ameritrade Forex
Trust Score 93 96
Year Founded
1999 1955
Publicly Traded (Listed)
Yes Yes
Bank
No Yes
Tier-1 Licenses
4 5
Tier-2 Licenses
0 0
Tier-3 Licenses
1 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature FOREX.com TD Ameritrade Forex
ASIC Authorised (Australia)
No No
IIROC Authorised (Canada)
Yes No
SFC Authorised (Hong Kong)
No Yes
FSA Authorised (Japan)
Yes No
MAS Authorised (Singapore)
No Yes
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
Yes Yes

Investments

Feature FOREX.com TD Ameritrade Forex
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
91 75
CFDs - Total Offered
4500 0
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes No
Offering of Investments 5 4.5
Winner check_circle

Cost

Feature FOREX.com TD Ameritrade Forex
Average Spread EUR/USD - Standard
1 (as of Q3 19) 1.065 pips (Sep 2019)
All-in Cost EUR/USD - Active
0.7 (as of Q3 18) 1.065 pips (Sep 2019)
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 4 4
Winner check_circle

Funding

Feature FOREX.com TD Ameritrade Forex
Minimum Initial Deposit
$50.00 $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 FOREX.com 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)
Yes No
cTrader
No No

Trading Tools

Feature FOREX.com TD Ameritrade Forex
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
18 548
Charting - Indicators / Studies (Total)
139 382
Charting - Drawing Tools (Total)
25 20
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 4 4.5
Winner check_circle

Mobile Trading

Feature FOREX.com 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
7 397
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 4.5
Winner check_circle

Research

Feature FOREX.com TD Ameritrade Forex
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes No
AutoChartist
Yes No
Trading Central (Recognia)
Yes No
Delkos Research
Yes No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes
Research 4.5 4.5
Winner check_circle

Education

Feature FOREX.com TD Ameritrade Forex
Has Education - Forex
Yes Yes
Has Education - CFDs
No No
Client Webinars
Yes Yes
Client Webinars (Archived)
No 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 FOREX.com 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 FOREX.com TD Ameritrade Forex
FOREX.com 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 30 different forex broker accounts for trading FX. In total, over 3,180 data points were collected. For this review, we will compare FOREX.com 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. Both FOREX.com and TD Ameritrade Forex hold a 4 star rating.

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 and TD Ameritrade Forex both are regulated in a major hub. FOREX.com and TD Ameritrade Forex are publicly traded companies. How many currency pairs are available to trade? FOREX.com offers its clients access to 91 different currency pairs while TD Ameritrade Forex has 75 available pairs, a difference of 16.

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 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. FOREX.com offers its clients access to 25 charting tools while TD Ameritrade Forex has 20 charting tools, a difference of 5. TD Ameritrade Forex offers its clients access to 382 different indicators (for example, volume) while FOREX.com has 139 available indicators, a difference of 243.

FOREX.com Review
TD Ameritrade Forex Review


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 web site as of 01/20/2020 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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