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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 2
Tier-2 Licenses
0 3
Tier-3 Licenses
0 1
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
Winner check_circle

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
Winner check_circle

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
Winner check_circle
To find the top fx brokers, the team here at ForexBrokers.com collected over 3,180 data points during a several month review of the forex industry. In this fx broker comparison, we will compare Plus500 vs TD Ameritrade Forex.

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. Both Plus500 and TD Ameritrade Forex hold a 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. Plus500 alongside TD Ameritrade Forex are regulated in a major hub. Plus500 and TD Ameritrade Forex are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. TD Ameritrade Forex boasts an offering of 75 different currency pairs compared to Plus500's 50 available pairs.

To round out our comparison of Plus500 vs TD Ameritrade Forex, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Plus500 nor TD Ameritrade Forex offers Meta Trader. 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 Forex trails Plus500 by 1 total charting tools, with Plus500 offering 21 and TD Ameritrade Forex offering 20. TD Ameritrade Forex boasts an offering of 382 different indicators (for example, moving averages) compared to Plus500's 103 available indicators.

Plus500 Review
TD Ameritrade Forex Review


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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