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 Swissquote 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's score is 4.00 stars versus Swissquote's 3.50 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. Swissquote and TD Ameritrade FX both are regulated in a major hub. Swissquote alongside TD Ameritrade FX are publicly traded companies. How many currency pairs are available to trade? Swissquote boasts an offering of 78 different currency pairs compared to TD Ameritrade FX's 75 available pairs.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Swissquote has Meta Trader, TD Ameritrade FX doesn't. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Swissquote offers its clients access to 31 charting tools while TD Ameritrade FX has 20 charting tools, a difference of 11. TD Ameritrade FX boasts an offering of 403 different indicators (for example, moving averages) compared to Swissquote's 51 available indicators.
Overall, TD Ameritrade FX comes out on top with 4.50 stars over Swissquote's 4.00 stars. And, when it comes to individual category awards, TD Ameritrade FX was rated Best in Class - Platforms & Tools in 2018, while Swissquote was rated none of these.