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 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.
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TD Ameritrade Forex vs FXCM 2020
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 | ||
| TD Ameritrade Forex Review | FXCM Review | |
| N/A of retail CFD accounts lose money | 75.38% of retail CFD accounts lose money |
Regulation
| Feature | TD Ameritrade Forex | FXCM |
| Trust Score | 96 | 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 |
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IIROC Authorised (Canada) |
No | Yes |
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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) |
75 | 39 |
|
CFDs - Total Offered |
0 | 32 |
|
Cryptocurrency traded as actual |
No | No |
|
Cryptocurrency traded as CFD |
No | Yes |
| Offering of Investments | ||
| Winner | check_circle |
Cost
| Feature | TD Ameritrade Forex | FXCM |
|
Average Spread EUR/USD - Standard |
1.065 pips (Sep 2019) | 1.3 (as of Q2 19) |
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All-in Cost EUR/USD - Active |
1.065 pips (Sep 2019) | 0.7 (as of Q2 19) |
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Active Trader or VIP Discounts |
Yes | Yes |
| Commissions & Fees | ||
| Winner | check_circle |
Funding
| Feature | TD Ameritrade Forex | FXCM |
|
Minimum Initial Deposit |
$0.00 | £300 |
|
Bank Wire (Deposit/Withdraw) |
Yes | Yes |
|
Visa/Mastercard (Credit/Debit) |
No | Yes |
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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 | 57 |
|
Charting - Drawing Tools (Total) |
20 | 18 |
|
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 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 |
397 | 60 |
|
Charting - Draw Trend Lines |
No | Yes |
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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 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 |
| Research | ||
| Winner | check_circle |
Education
| Feature | TD Ameritrade Forex | 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 |
| Education | ||
| Winner | check_circle |
Major Forex Pairs
| Feature | TD Ameritrade Forex | FXCM |
|
GBP/USD |
Yes | Yes |
|
USD/JPY |
Yes | Yes |
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EUR/USD |
Yes | Yes |
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USD/CHF |
Yes | Yes |
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USD/CAD |
Yes | Yes |
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NZD/USD |
Yes | Yes |
|
AUD/USD |
Yes | Yes |
Overall
| Feature | TD Ameritrade Forex | FXCM |
| TD Ameritrade Forex Review | FXCM Review | |
| Overall | ||
| Winner | check_circle |
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 96.00, 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 75 currency pairs (e.g., EUR/USD) compared to FXCM's 39 available pairs. Forex pairs aside, FXCM offers traders access to 32 CFDs while TD Ameritrade Forex has 0 available CFDs, a difference of 32.
Overall, between FXCM and TD Ameritrade Forex, TD Ameritrade Forex is the better forex broker.
FXCM ReviewTD 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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