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 IG Group 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. IG Group is a better option with a 4.50 star rating over TD Ameritrade FX's 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. IG Group alongside TD Ameritrade FX are regulated in a major hub. Both IG Group and TD Ameritrade FX are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. IG Group boasts an offering of 91 different currency pairs compared to TD Ameritrade FX's 77 available pairs.
To round out our comparison of IG Group 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. IG Group offers Meta Trader 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. TD Ameritrade FX offers its clients access to 20 charting tools while IG Group has 9 charting tools, a difference of 11. TD Ameritrade FX boasts an offering of 377 different indicators (for example, moving averages) compared to IG Group's 22 available indicators.
Overall, IG Group takes the upper hand with 5.00 stars over TD Ameritrade FX's 4.50 stars. And, when it comes to individual category awards, TD Ameritrade FX posted awards Best in Class - Mobile Trading in 2018, while IG Group found itself with Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading.