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TD Ameritrade Forex vs FXCM 2020

Is FXCM better than TD Ameritrade Forex? After testing 30 of the best forex brokers over five months, TD Ameritrade Forex is better than FXCM. With over 70 currency pairs to trade alongside a plethora of tools, research, and education, TD Ameritrade's thinkorswim platform provides US-based forex traders the ultimate trading technology 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 TD Ameritrade Forex FXCM
Overall 4.5 4.5
Commissions & Fees 4 4
Offering of Investments 4.5 3.5
Platforms & Tools 4.5 4.5
Mobile Trading 4.5 4
Research 4.5 4.5
Education 4 4
Trust Score 98 92
N/A of retail CFD accounts lose money 74.74% of retail CFD accounts lose money
TD Ameritrade Forex Review FXCM Review
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Regulation

Feature TD Ameritrade Forex FXCM
Trust Score 98 92
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 Forex 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

Investments

Feature TD Ameritrade Forex FXCM
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
73 39
CFDs - Total Offered
0 82
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
No Yes

Cost

Feature TD Ameritrade Forex FXCM
Average Spread EUR/USD - Standard
1.065 pips (Sep 2019) 1.4 (Q2 2020)
All-in Cost EUR/USD - Active
1.065 pips (Sep 2019) 1.1 (Q2 2020)
Active Trader or VIP Discounts
Yes Yes

Funding

Feature TD Ameritrade Forex FXCM
Minimum Initial Deposit
$0.00 £300
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 Forex FXCM
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes 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 Forex FXCM
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
548 12
Charting - Indicators / Studies (Total)
382 52
Charting - Drawing Tools (Total)
20 26
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature TD Ameritrade Forex FXCM
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
No Yes
Alerts - Basic Fields
Yes No
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
348 59
Charting - Draw Trendlines
Yes Yes
Charting - Trendlines Moveable
No Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes Yes
Forex Calendar
Yes Yes

Research

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

Education

Feature TD Ameritrade Forex FXCM
Has Education - Forex
Yes Yes
Has Education - CFDs
No No
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes Yes

Major Forex Pairs

Feature TD Ameritrade Forex 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

Overall

Feature TD Ameritrade Forex FXCM
Overall 4.5 4.5
Commissions & Fees 4 4
Offering of Investments 4.5 3.5
Platforms & Tools 4.5 4.5
Mobile Trading 4.5 4
Research 4.5 4.5
Education 4 4
Trust Score 98 92
TD Ameritrade Forex Review FXCM Review
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Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let's compare FXCM vs TD Ameritrade Forex.

Does FXCM or TD Ameritrade Forex offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, TD Ameritrade Forex offers better pricing overall for traders.

Is FXCM or TD Ameritrade Forex safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. TD Ameritrade Forex holds 5 global Tier-1 licenses, while FXCM holds 3. FXCM holds 2 global Tier-2 licenses, while TD Ameritrade Forex holds 0. All regulators considered, TD Ameritrade Forex has a Trust Score of 98.00, while FXCM's Trust Score is 92.00.

Which trading platform is better: FXCM or TD Ameritrade Forex?
To compare the trading platforms of both FXCM and TD Ameritrade Forex, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FXCM offers a better experience. With research, TD Ameritrade Forex offers superior market research. Finally, we found TD Ameritrade Forex to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. FXCM and TD Ameritrade Forex both offer copy trading. FXCM offers MetaTrader 4 (MT4), while TD Ameritrade Forex does not.

How many forex pairs and CFDs are available to trade?
TD Ameritrade Forex provides traders 73 currency pairs (e.g., EUR/USD) compared to FXCM's 39 available pairs. Forex pairs aside, FXCM offers traders access to 82 CFDs while TD Ameritrade Forex has 0 available CFDs, a difference of 82.

Overall, between FXCM and TD Ameritrade Forex, TD Ameritrade Forex is the better forex broker.

FXCM Review
TD Ameritrade Forex Review

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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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