Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare Markets.com 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. TD Ameritrade FX received a rating of 4.00 stars over Markets.com's 3.00 stars.
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. Markets.com and TD Ameritrade FX both are regulated in a major hub. Both Markets.com and TD Ameritrade FX are publicly traded companies. How many currency pairs are available to trade? TD Ameritrade FX offers its clients access to 77 different currency pairs while Markets.com has 55 available pairs, a difference of 22.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Markets.com makes Meta Trader available to clients, while TD Ameritrade FX does not. 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 trails Markets.com by 11 total charting tools, with Markets.com offering 31 and TD Ameritrade FX offering 20. TD Ameritrade FX boasts an offering of 377 different indicators (for example, moving averages) compared to Markets.com's 51 available indicators.
Overall, TD Ameritrade FX boasts 4.50 stars versus Markets.com's 3.50 stars. And, when it comes to individual category awards, TD Ameritrade FX finished with awards Best in Class - Mobile Trading in 2018, while Markets.com came up with none of these.