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TD Ameritrade Forex vs Interactive Brokers 2020

Is Interactive Brokers better than TD Ameritrade Forex? After testing 30 of the best forex brokers over five months, TD Ameritrade Forex is better than Interactive Brokers. With nearly 80 currency pairs to trade alongside a plethora of trading tools and research, TD Ameritrade’s thinkorswim platform provides US-based forex traders a winning experience.



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 4.5
TD Ameritrade Forex Review Interactive Brokers Review
N/A of retail CFD accounts lose money 66% of retail CFD accounts lose money

Regulation

Feature TD Ameritrade Forex Interactive Brokers
Trust Score 96 94
Year Founded
1955 1977
Publicly Traded (Listed)
Yes Yes
Bank
Yes No
Tier-1 Licenses
5 6
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 Yes
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 7400
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
No Yes
Offering of Investments 4.5 4.5
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Cost

Feature TD Ameritrade Forex Interactive Brokers
Average Spread EUR/USD - Standard
1.065 pips (Sep 2019) N/A
All-in Cost EUR/USD - Active
1.065 pips (Sep 2019) 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
Yes 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
548 494
Charting - Indicators / Studies (Total)
382 121
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 4.5
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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 70
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 4.5 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 4.5
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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 4.5
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Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let's compare Interactive Brokers vs TD Ameritrade Forex.

Does Interactive Brokers or TD Ameritrade Forex offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, TD Ameritrade Forex offers better pricing overall for traders.

Is Interactive Brokers or TD Ameritrade Forex safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. Interactive Brokers holds 6 global Tier-1 licenses, while TD Ameritrade Forex holds 5. Both Interactive Brokers and TD Ameritrade Forex hold 0 global Tier-2 licenses. All regulators considered, TD Ameritrade Forex has a Trust Score of 96.00, while Interactive Brokers's Trust Score is 94.00.

Which trading platform is better: Interactive Brokers or TD Ameritrade Forex?
To compare the trading platforms of both Interactive Brokers and TD Ameritrade Forex, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TD Ameritrade Forex offers a better experience. With research, TD Ameritrade Forex offers superior market research. Finally, we found TD Ameritrade Forex to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. While TD Ameritrade Forex offers copy trading, Interactive Brokers does not. Neither broker offers Meta Trader.

How many forex pairs and CFDs are available to trade?
Interactive Brokers provides traders 105 currency pairs (e.g., EUR/USD) compared to TD Ameritrade Forex's 75 available pairs. Forex pairs aside, Interactive Brokers offers traders access to 7400 CFDs while TD Ameritrade Forex has 0 available CFDs, a difference of 7,400.

Overall, between Interactive Brokers and TD Ameritrade Forex, TD Ameritrade Forex is the better forex broker.

Interactive Brokers Review
TD Ameritrade Forex Review

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Trading CFDs, FX, and cryptocurrencies involve 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 01/20/2020 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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