To find the top fx brokers
, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare FXDD vs TD Ameritrade FX.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. Both FXDD and TD Ameritrade FX hold a 4.00 star rating.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. FXDD and TD Ameritrade FX both are regulated in a major hub. TD Ameritrade FX is a publicly traded company while FXDD is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. TD Ameritrade FX offers its clients access to 77 different currency pairs while FXDD has 54 available pairs, a difference of 23.
To round out our comparison of FXDD vs TD Ameritrade FX, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. FXDD has Meta Trader, TD Ameritrade FX doesn't. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators 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.