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IG Group vs TD Ameritrade FX Review

Steven Hatzakis

Published by Steven Hatzakis


Wednesday, November 28th, 2018

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.
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% of retail CFD accounts that lose money
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
IG Group
IG Group Review
79% of retail CFD accounts lose money.
 
5
5
4.5
4.5
3.5
4.5
4
4.5
 
97
1974
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
No
Yes
No
Yes
 
Yes
91
15000
No
Yes
check_circle
 
0.363
0.75
Yes
check_circle
 
Yes
Yes
Yes
Yes
Yes
No
No
No
No
No
check_circle
 
Yes
12
Yes
Yes
Yes
9
22
No
Yes
check_circle
 
Yes
Yes
Yes
Yes
No
Yes
Yes
26
Yes
 
Yes
Yes
Yes
No
No
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
check_circle
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
£250.00
Yes
Yes
Yes
No
No
 
5
check_circle
TD Ameritrade FX
Get up to $600 + Trade Commission-Free for 60 Days Learn More
TD Ameritrade FX Review
N/A of retail CFD accounts lose money.
 
4.5
4
4
4.5
5
4
4
4
 
92
1955
Yes
Yes
No
Yes
Yes
No
No
No
Yes
Yes
No
No
No
 
Yes
77
0
No
Yes
 
N/A
N/A
Yes
 
Yes
Yes
No
Yes
No
No
No
No
No
No
 
Yes
506
Yes
Yes
Yes
20
377
Yes
Yes
 
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
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
No
 
Yes
Yes
No
No
No
Yes
No
 
$0.00
Yes
No
No
No
No
 
4.5

Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. 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.

IG - 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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