To find the top fx brokers
, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare Swissquote vs TD Ameritrade FX.
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. TD Ameritrade FX's score is 4.00 stars versus Swissquote's 3.50 stars.
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. Swissquote alongside TD Ameritrade FX are regulated in a major hub. Swissquote and TD Ameritrade FX are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. TD Ameritrade FX trails Swissquote by 1 total currency pairs (for example, EUR/USD), with Swissquote offering 78 and TD Ameritrade FX offering 77.
To round out our comparison of Swissquote vs TD Ameritrade FX, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Swissquote has Meta Trader, TD Ameritrade FX doesn't. 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 FX trails Swissquote by 11 total charting tools, with Swissquote offering 31 and TD Ameritrade FX offering 20. Swissquote trails TD Ameritrade FX by 326 total different indicators (for example, moving averages), with TD Ameritrade FX offering 377 and Swissquote offering 51.
Overall, TD Ameritrade FX boasts 4.50 stars versus Swissquote's 4.00 stars. And, when it comes to individual category awards, TD Ameritrade FX was rated Best in Class - Mobile Trading in 2018, while Swissquote was rated Best in Class - Customer Service.