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TD Ameritrade Forex vs Plus500 2020

Is Plus500 better than TD Ameritrade Forex? After testing 30 of the best forex brokers over five months, TD Ameritrade Forex is better than Plus500. 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 Plus500
Overall 4.5 4
TD Ameritrade Forex Review Plus500 Review
N/A of retail CFD accounts lose money 76.4% of retail CFD accounts lose money

Regulation

Feature TD Ameritrade Forex Plus500
Trust Score 96 98
Year Founded
1955 2008
Publicly Traded (Listed)
Yes Yes
Bank
Yes No
Tier-1 Licenses
5 3
Tier-2 Licenses
0 4
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature TD Ameritrade Forex Plus500
ASIC Authorised (Australia)
No Yes
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
Yes No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
Yes Yes
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
Yes No

Investments

Feature TD Ameritrade Forex Plus500
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes No
Currency Pairs (Total Forex pairs)
75 50
CFDs - Total Offered
0 2033
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
No Yes
Offering of Investments 4.5 4
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Cost

Feature TD Ameritrade Forex Plus500
Average Spread EUR/USD - Standard
1.065 pips (Sep 2019) 0.6 (as of Aug 2018)
All-in Cost EUR/USD - Active
1.065 pips (Sep 2019) N/A
Active Trader or VIP Discounts
Yes No
Commissions & Fees 4 4
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Funding

Feature TD Ameritrade Forex Plus500
Minimum Initial Deposit
$0.00 €100
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
No Yes
PayPal (Deposit/Withdraw)
No Yes
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

Feature TD Ameritrade Forex Plus500
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 Plus500
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
548 10
Charting - Indicators / Studies (Total)
382 103
Charting - Drawing Tools (Total)
20 21
Charting - Trade From Chart
Yes No
Charting - Drawings Autosave
Yes No
Order Type - Trailing Stop
Yes Yes
Platform & Tools 4.5 3.5
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Mobile Trading

Feature TD Ameritrade Forex Plus500
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 18
Charting - Draw Trend Lines
No No
Charting - Trend Lines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes No
Mobile Trading 4.5 3.5
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Research

Feature TD Ameritrade Forex Plus500
Daily Market Commentary
Yes No
Forex News (Top-Tier Sources)
Yes No
Weekly Webinars
No No
AutoChartist
No No
Trading Central (Recognia)
No No
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 Plus500
Has Education - Forex
Yes No
Has Education - CFDs
No No
Client Webinars
Yes No
Client Webinars (Archived)
No No
Videos - Beginner Trading Videos
Yes No
Videos - Advanced Trading Videos
No No
Investor Dictionary (Glossary)
Yes No
Education 4 3
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Major Forex Pairs

Feature TD Ameritrade Forex Plus500
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 Plus500
TD Ameritrade Forex Review Plus500 Review
Overall 4.5 4
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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 Plus500 vs TD Ameritrade Forex.

Does Plus500 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, Plus500 offers better pricing overall for traders.

Is Plus500 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. TD Ameritrade Forex holds 5 global Tier-1 licenses, while Plus500 holds 3. Plus500 holds 4 global Tier-2 licenses, while TD Ameritrade Forex holds 0. All regulators considered, Plus500 has a Trust Score of 98.00, while TD Ameritrade Forex's Trust Score is 96.00.

Which trading platform is better: Plus500 or TD Ameritrade Forex?
To compare the trading platforms of both Plus500 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, Plus500 does not. Neither broker offers Meta Trader.

How many forex pairs and CFDs are available to trade?
TD Ameritrade Forex provides traders 75 currency pairs (e.g., EUR/USD) compared to Plus500's 50 available pairs. Forex pairs aside, Plus500 offers traders access to 2033 CFDs while TD Ameritrade Forex has 0 available CFDs, a difference of 2,033.

Overall, between Plus500 and TD Ameritrade Forex, TD Ameritrade Forex is the better forex broker.

Plus500 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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Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).

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