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 FxPro 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 FxPro and TD Ameritrade FX are rated 4 stars.
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. FxPro alongside TD Ameritrade FX are regulated in a major hub. TD Ameritrade FX is a publicly traded company while FxPro is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. TD Ameritrade FX boasts an offering of 75 different currency pairs compared to FxPro's 70 available pairs.
To round out our comparison of FxPro 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. FxPro makes Meta Trader available to clients, while TD Ameritrade FX does not. 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. FxPro offers its clients access to 31 charting tools while TD Ameritrade FX has 20 charting tools, a difference of 11. TD Ameritrade FX offers its clients access to 403 different indicators (for example, volume) while FxPro has 51 available indicators, a difference of 352.
Overall, TD Ameritrade FX comes out on top with 4.5 stars over FxPro's 4 stars. And, when it comes to individual category awards, TD Ameritrade FX posted awards Best in Class - Platforms & Tools in 2018, while FxPro found itself with none of these.