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 FXDD 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. Both FXDD and TD Ameritrade FX are rated 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. TD Ameritrade FX is regulated in a major hub while FXDD is not. TD Ameritrade FX is a publicly traded company, FXDD isn't. How many currency pairs are available to trade? FXDD trails TD Ameritrade FX by 23 total currency pairs (for example, EUR/USD), with TD Ameritrade FX offering 77 and FXDD offering 54.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. FXDD 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. TD Ameritrade FX trails FXDD by 11 total charting tools, with FXDD offering 31 and TD Ameritrade FX offering 20. FXDD trails TD Ameritrade FX by 326 total different indicators (for example, moving averages), with TD Ameritrade FX offering 377 and FXDD offering 51.
Overall, TD Ameritrade FX comes out on top with 4.50 stars over FXDD's 4.00 stars. And, when it comes to individual category awards, TD Ameritrade FX finished with awards Best in Class - Mobile Trading in 2018, while FXDD came up with none of these.