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TD Ameritrade FX vs FXCM 2019
Is FXCM better than TD Ameritrade FX? After grading forex brokers on nearly 100 different variables, TD Ameritrade FX is better than FXCM. For US-based investors and traders, TD Ameritrade’s thinkorswim platform is a sophisticated multi-asset desktop experience optimized for securities trading, including off-exchange spot forex and exchange-traded options and futures (including Bitcoin).
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 | TD Ameritrade FX | FXCM |
| Overall | ||
| TD Ameritrade FX Review | FXCM Review | |
| N/A of retail CFD accounts lose money | 74-89% of retail CFD accounts lose money |
Regulation
| Feature | TD Ameritrade FX | FXCM |
| Trust Score | 96 | 90 |
|
Year Founded |
1955 | 1999 |
|
Publicly Traded (Listed) |
Yes | Yes |
|
Bank |
Yes | No |
|
Tier-1 Licenses |
5 | 3 |
|
Tier-2 Licenses |
0 | 2 |
|
Tier-3 Licenses |
0 | 0 |
|
Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses
| Feature | TD Ameritrade FX | FXCM |
|
ASIC Authorised (Australia) |
No | Yes |
|
IIROC Authorised (Canada) |
No | Yes |
|
SFC Authorised (Hong Kong) |
Yes | No |
|
FSA Authorised (Japan) |
No | No |
|
MAS Authorised (Singapore) |
Yes | No |
|
FINMA Authorised (Switzerland) |
No | No |
|
FCA Authorised (UK) |
Yes | Yes |
|
CFTC Registered (USA) |
Yes | No |
Tier-2 Licenses
| Feature | TD Ameritrade FX | FXCM |
|
CBRC Authorised (China) |
No | No |
|
CySEC Authorised (Cyprus) |
No | No |
|
ISA Authorised (Israel) |
No | Yes |
|
FMA Authorised (New Zealand) |
No | No |
|
CBR Authorised (Russia) |
No | No |
|
FSB Authorised (South Africa) |
No | Yes |
|
SEC Authorised (Thailand) |
No | No |
|
DFSA / Central Bank Authorised (UAE) |
No | No |
Tier-3 Licenses
| Feature | TD Ameritrade FX | FXCM |
|
FSC Authorised (British Virgin Islands) |
No | No |
|
FSC Authorised (Mauritius) |
No | No |
|
Offshore Authorised |
No | No |
Investments
| Feature | TD Ameritrade FX | FXCM |
|
Forex: Spot Trading |
Yes | Yes |
|
Currency Pairs (Total Forex pairs) |
75 | 39 |
|
CFDs - Total Offered |
0 | 24 |
|
Cryptocurrency traded as actual |
No | No |
|
Cryptocurrency traded as CFD |
No | Yes |
| Offering of Investments | ||
| Winner | check_circle |
Cost
| Feature | TD Ameritrade FX | FXCM |
|
Average Spread EUR/USD - Standard |
N/A | 1.3 (as of Apr -Jun 18) |
|
All-in Cost EUR/USD - Active |
N/A | 0.8 (as of Nov 18) |
|
Active Trader or VIP Discounts |
Yes | Yes |
| Commissions & Fees | ||
| Winner | check_circle |
Funding
| Feature | TD Ameritrade FX | FXCM |
|
Minimum Initial Deposit |
$0.00 | $0.00 |
|
Bank Wire (Deposit/Withdraw) |
Yes | Yes |
|
Visa/Mastercard (Credit/Debit) |
No | Yes |
|
PayPal (Deposit/Withdraw) |
No | No |
|
Skrill (Deposit/Withdraw) |
No | Yes |
Trading Platforms
| Feature | TD Ameritrade FX | FXCM |
|
Proprietary Platform |
Yes | Yes |
|
Desktop Platform (Windows) |
Yes | Yes |
|
Web Platform |
No | Yes |
|
Social Trading / Copy-Trading |
Yes | Yes |
|
MetaTrader 4 (MT4) |
No | Yes |
|
MetaTrader 5 (MT5) |
No | No |
|
cTrader |
No | No |
Trading Tools
| Feature | TD Ameritrade FX | FXCM |
|
Virtual Trading (Demo) |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watchlists - Total Fields |
506 | 7 |
|
Charting - Indicators / Studies (Total) |
403 | 51 |
|
Charting - Drawing Tools (Total) |
20 | 31 |
|
Charting - Trade From Chart |
Yes | Yes |
|
Charting - Drawings Autosave |
Yes | Yes |
|
Order Type - Trailing Stop |
Yes | Yes |
| Platform & Tools | ||
| Winner | check_circle |
Mobile Trading
| Feature | TD Ameritrade FX | FXCM |
|
Android App |
Yes | Yes |
|
Apple iOS App |
Yes | Yes |
|
Trading - Forex |
Yes | Yes |
|
Trading - CFDs |
No | Yes |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watch List |
Yes | Yes |
|
Watch List Syncing |
Yes | Yes |
|
Charting - Indicators / Studies |
397 | 30 |
|
Charting - Draw Trend Lines |
No | Yes |
|
Charting - Trend Lines Moveable |
No | Yes |
|
Charting - Multiple Time Frames |
Yes | Yes |
|
Charting - Drawings Autosave |
Yes | Yes |
|
Forex Calendar |
Yes | Yes |
| Mobile Trading | ||
| Winner | check_circle |
Research
| Feature | TD Ameritrade FX | FXCM |
|
Daily Market Commentary |
Yes | Yes |
|
Forex News (Top-Tier Sources) |
Yes | Yes |
|
Weekly Webinars |
No | Yes |
|
AutoChartist |
No | No |
|
Trading Central (Recognia) |
No | Yes |
|
Delkos Research |
No | No |
|
Social Trading / Copy-Trading |
Yes | Yes |
|
Social Sentiment - Currency Pairs |
No | Yes |
|
Economic Calendar |
Yes | Yes |
| Research | ||
| Winner | check_circle |
Education
| Feature | TD Ameritrade FX | FXCM |
|
Has Education - Forex |
Yes | Yes |
|
Has Education - CFDs |
No | No |
|
Client Webinars |
Yes | Yes |
|
Client Webinars (Archived) |
No | Yes |
|
Videos - Beginner Trading Videos |
Yes | Yes |
|
Videos - Advanced Trading Videos |
No | Yes |
|
Investor Dictionary (Glossary) |
Yes | Yes |
|
Tutorials/Guide (PDF or Interactive) |
Yes | Yes |
| Education | ||
| Winner | check_circle |
Major Forex Pairs
| Feature | TD Ameritrade FX | FXCM |
|
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 |
|
USDCNH (or CNHUSD) |
No | Yes |
|
USDSGD (or SGDUSD) |
No | Yes |
Overall
| Feature | TD Ameritrade FX | FXCM |
| TD Ameritrade FX Review | FXCM Review | |
| Overall | ||
| 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 FXCM 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. TD Ameritrade FX is a better option with a 4.00 star rating over FXCM's 3.50 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. Both FXCM and TD Ameritrade FX are regulated in a major hub. FXCM alongside TD Ameritrade FX are publicly traded companies. How many currency pairs are available to trade? TD Ameritrade FX offers its clients access to 75 different currency pairs while FXCM has 39 available pairs, a difference of 36.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. FXCM offers Meta Trader 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. FXCM offers its clients access to 31 charting tools while TD Ameritrade FX has 20 charting tools, a difference of 11. FXCM trails TD Ameritrade FX by 352 total different indicators (for example, moving averages), with TD Ameritrade FX offering 403 and FXCM offering 51.
FXCM Review
TD Ameritrade FX Review
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. TD Ameritrade FX is a better option with a 4.00 star rating over FXCM's 3.50 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. Both FXCM and TD Ameritrade FX are regulated in a major hub. FXCM alongside TD Ameritrade FX are publicly traded companies. How many currency pairs are available to trade? TD Ameritrade FX offers its clients access to 75 different currency pairs while FXCM has 39 available pairs, a difference of 36.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. FXCM offers Meta Trader 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. FXCM offers its clients access to 31 charting tools while TD Ameritrade FX has 20 charting tools, a difference of 11. FXCM trails TD Ameritrade FX by 352 total different indicators (for example, moving averages), with TD Ameritrade FX offering 403 and FXCM offering 51.
FXCM Review
TD Ameritrade FX Review
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.
