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TD Ameritrade Forex vs Interactive Brokers 2019

Is Interactive Brokers better than TD Ameritrade FX? After grading forex brokers on nearly 100 different variables, TD Ameritrade FX is better than Interactive Brokers. For US-based investors and traders, TD Ameritrade’s thinkorswim platform is a sophisticated multi-asset desktop experience optimized for securities trading, including off-exchange spot forex and exchange-traded options and futures (including Bitcoin).
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Overall Rating

Feature TD Ameritrade Forex Interactive Brokers
Overall 4.5 4
TD Ameritrade Forex Review Interactive Brokers Review
N/A of retail CFD accounts lose money 63.5% of retail CFD accounts lose money

Regulation

Feature TD Ameritrade Forex Interactive Brokers
Trust Score 96 91
Year Founded
1955 1977
Publicly Traded (Listed)
Yes Yes
Bank
Yes No
Tier-1 Licenses
5 5
Tier-2 Licenses
0 0
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature TD Ameritrade Forex Interactive Brokers
ASIC Authorised (Australia)
No No
IIROC Authorised (Canada)
No Yes
SFC Authorised (Hong Kong)
Yes Yes
FSA Authorised (Japan)
No Yes
MAS Authorised (Singapore)
Yes No
FINMA Authorised (Switzerland)
No Yes
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
Yes Yes

Investments

Feature TD Ameritrade Forex Interactive Brokers
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes No
Currency Pairs (Total Forex pairs)
75 105
CFDs - Total Offered
0 6100
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
No Yes
Offering of Investments 4 4.5
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Cost

Feature TD Ameritrade Forex Interactive Brokers
Average Spread EUR/USD - Standard
N/A N/A
All-in Cost EUR/USD - Active
N/A N/A
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 4 4
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Funding

Feature TD Ameritrade Forex Interactive Brokers
Minimum Initial Deposit
$0.00 $0
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
No No
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
No No

Trading Platforms

Feature TD Ameritrade Forex Interactive Brokers
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes Yes
Web Platform
No Yes
Social Trading / Copy-Trading
Yes No
MetaTrader 4 (MT4)
No No
MetaTrader 5 (MT5)
No No
cTrader
No No

Trading Tools

Feature TD Ameritrade Forex Interactive Brokers
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
506 300
Charting - Indicators / Studies (Total)
403 121
Charting - Drawing Tools (Total)
20 9
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 4.5 4
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Mobile Trading

Feature TD Ameritrade Forex Interactive Brokers
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
No Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
397 68
Charting - Draw Trend Lines
No No
Charting - Trend Lines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes Yes
Forex Calendar
Yes No
Mobile Trading 4 4
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Research

Feature TD Ameritrade Forex Interactive Brokers
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
No No
AutoChartist
No No
Trading Central (Recognia)
No Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
No No
Economic Calendar
Yes Yes
Research 4.5 3.5
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Education

Feature TD Ameritrade Forex Interactive Brokers
Has Education - Forex
Yes Yes
Has Education - CFDs
No Yes
Client Webinars
Yes Yes
Client Webinars (Archived)
No Yes
Videos - Beginner Trading Videos
Yes No
Videos - Advanced Trading Videos
No Yes
Investor Dictionary (Glossary)
Yes Yes
Education 4 4
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Major Forex Pairs

Feature TD Ameritrade Forex Interactive Brokers
GBP/USD
Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
Yes Yes
USD/CAD
Yes Yes
NZD/USD
Yes Yes
AUD/USD
Yes Yes

Overall

Feature TD Ameritrade Forex Interactive Brokers
TD Ameritrade Forex Review Interactive Brokers Review
Overall 4.5 4
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Our ForexBrokers.com team spent several months and hundreds of hours assessing 28 different forex broker accounts for trading FX. In total, over 2,200 data points were collected. For this review, we will compare Interactive Brokers vs TD Ameritrade FX.

To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. Both Interactive Brokers and TD Ameritrade FX hold a 4.00 star rating.

Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. Interactive Brokers and TD Ameritrade FX both are regulated in a major hub. Interactive Brokers and TD Ameritrade FX are publicly traded companies. How many currency pairs are available to trade? Interactive Brokers boasts an offering of 115 different currency pairs compared to TD Ameritrade FX's 75 available pairs.

To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Neither Interactive Brokers and TD Ameritrade FX offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. TD Ameritrade FX offers its clients access to 20 charting tools while Interactive Brokers has 9 charting tools, a difference of 11. Interactive Brokers trails TD Ameritrade FX by 282 total different indicators (for example, moving averages), with TD Ameritrade FX offering 403 and Interactive Brokers offering 121.

Interactive Brokers Review
TD Ameritrade FX Review


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 02/18/2019 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.

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