IC Markets vs TD Ameritrade FX Review
After spending seven months and hundreds of hours researching 43 different forex brokers for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare IC Markets vs TD Ameritrade FX.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Both IC Markets and TD Ameritrade FX hold a 4.00 star rating.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Both IC Markets and TD Ameritrade FX are regulated in a major hub. TD Ameritrade FX is a publicly traded company while IC Markets is not. As far as how many currency pairs are available for trading, here's the answer. IC Markets trails TD Ameritrade FX by 14 total currency pairs (for example, EUR/USD), with TD Ameritrade FX offering 77 and IC Markets offering 63.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. IC Markets has Meta Trader, TD Ameritrade FX doesn't. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. TD Ameritrade FX trails IC Markets by 11 total charting tools, with IC Markets offering 31 and TD Ameritrade FX offering 20. TD Ameritrade FX boasts an offering of 377 different indicators (for example, moving averages) compared to IC Markets's 51 available indicators.
Overall, TD Ameritrade FX comes out on top with 4.50 stars over IC Markets's 4.00 stars. And, when it comes to individual category awards, TD Ameritrade FX posted awards Best in Class - Mobile Trading in 2018, while IC Markets found itself with none of these.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Both IC Markets and TD Ameritrade FX hold a 4.00 star rating.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Both IC Markets and TD Ameritrade FX are regulated in a major hub. TD Ameritrade FX is a publicly traded company while IC Markets is not. As far as how many currency pairs are available for trading, here's the answer. IC Markets trails TD Ameritrade FX by 14 total currency pairs (for example, EUR/USD), with TD Ameritrade FX offering 77 and IC Markets offering 63.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. IC Markets has Meta Trader, TD Ameritrade FX doesn't. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. TD Ameritrade FX trails IC Markets by 11 total charting tools, with IC Markets offering 31 and TD Ameritrade FX offering 20. TD Ameritrade FX boasts an offering of 377 different indicators (for example, moving averages) compared to IC Markets's 51 available indicators.
Overall, TD Ameritrade FX comes out on top with 4.50 stars over IC Markets's 4.00 stars. And, when it comes to individual category awards, TD Ameritrade FX posted awards Best in Class - Mobile Trading in 2018, while IC Markets found itself with none of these.
Overall
Offering of Investments
Commissions & Fees
Platform & Tools
Customer Service
Research
Mobile Trading
Education
Trust Score
Year Founded
Publicly-Traded Company (Listed)
Regulated in Major Hub
Regulated in Emerging Hub
CFTC Registered (USA)
FCA Regulated (UK)
FINMA Authorised (Switzerland)
ASIC Authorised (Australia)
MAS Authorised (Singapore)
IIROC Authorised (Canada)
SFC Authorised (Hong Kong)
FSA Authorised (Japan)
CySEC Authorised (Cyprus)
FMA Authorised (New Zealand)
Forex: Spot Trading
Currency Pairs (Total Forex pairs)
CFDs - Total Offered
Cryptocurrency traded as actual
Cryptocurrency traded as CFD
Advantage
All-in Cost EUR/USD - Active
Average Spread EUR/USD - Standard
Active Trader or Premium/VIP
Advantage
Proprietary
Desktop Platform (Windows)
Web Platform
Social Trading / Copy-Trading
MetaTrader4 (MT4)
MetaTrader5 (MT5)
cTrader
Currenex
ZuluTrade
MirrorTrader
Advantage
Virtual Trading (Demo)
Watchlists - Total Fields
Alerts - Basic Fields
Charting - Trade From Chart
Charts can be saved
Charting - Drawing Tools (Total)
Charting - Indicators / Studies (Total)
Charting - Drawings Autosave
Order Type - Trailing Stop
Advantage
Android App
Apple iOS App
Forex News
Alerts - Basic Fields
Alerts Delivery - Push Notifications
Watch List
Watch List Syncing
Charting - Technical Studies/Indicators
Charting - Draw Trend Lines
Advantage
Daily Market Commentary
Forex News (Top-Tier Sources)
AutoChartist
Trading Central (Recognia)
Delkos Research
Acuity Trading
Social Trading / Copy-Trading
Social Sentiment - Currency Pairs
Client Webinars
Client Webinars (Archived)
Videos - Beginner Trading Videos
Economic Calendar
Calendar Includes Forecasts
Economic News Sentiment
Trade Ideas - Backtesting
Advantage
GBPUSD (or USDGBP)
USDJPY (or JPYUSD)
EURUSD (or USDEUR)
USDCHF (or CHFUSD)
USDCAD (or CADUSD)
NZDUSD (or USDNZD)
AUDUSD (or USDAUD)
USDCNH (or CNHUSD)
USDSGD (or SGDUSD)
USDMXN (or MXNUSD)
USDNOK (or NOKUSD)
USDSEK (or SEKUSD)
USDTRY (or TRYUSD)
USDZAR (or ZARUSD)
USDDKK (or DKKUSD)
USDBRL (or BRLUSD)
Minimum Initial Deposit
Bank Wire (Deposit/Withdraw)
Visa/Mastercard (Credit/Debit)
PayPal (Deposit/Withdraw)
Skrill (Deposit/Withdraw)
UnionPay (Deposit/Withdraw)
Overall
Advantage
Comparing 2 brokers
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IC Markets
69
2007
No
Yes
No
No
No
No
Yes
No
No
No
No
No
No
Yes
63
41
No
Yes
0.7
0.7
No
No
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
No
Yes
7
Yes
Yes
Yes
31
51
Yes
Yes
Yes
Yes
No
Yes
No
Yes
No
30
Yes
Yes
No
No
No
No
No
Yes
No
No
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
$200
Yes
Yes
Yes
Yes
Yes
TD Ameritrade FX
Get up to $600 + Trade Commission-Free for 60 Days Learn More
92
1955
Yes
Yes
No
Yes
Yes
No
No
No
Yes
Yes
No
No
No
Yes
77
0
No
Yes
check_circle
N/A
N/A
Yes
check_circle
Yes
Yes
No
Yes
No
No
No
No
No
No
check_circle
Yes
506
Yes
Yes
Yes
20
377
Yes
Yes
check_circle
Yes
Yes
Yes
Yes
Yes
Yes
Yes
397
No
check_circle
Yes
Yes
No
No
No
No
Yes
No
Yes
No
Yes
Yes
Yes
Yes
No
check_circle
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
No
Yes
Yes
No
No
No
Yes
No
$0.00
Yes
No
No
No
No
check_circle
Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All data was obtained from a published web site as of 4/03/2018 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.
