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TD Ameritrade FX vs Swissquote Review

Steven Hatzakis

Published by Steven Hatzakis


Monday, April 22nd, 2019

Is Swissquote better than TD Ameritrade FX? After scoring forex brokers on nearly 100 different variables, TD Ameritrade FX is better than Swissquote. For US-based investors and traders, TD Ameritrade’s thinkorswim platform is a sophisticated multi-asset desktop experience optimized for securities trading, including off-exchange spot forex and exchange-traded options and futures (including Bitcoin).

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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
Regulation
Trust Score
Year Founded
Publicly-Traded Company (Listed)
Regulated in Major Hub
Regulated in Emerging Hub
CFTC Registered (USA)
Authorised in the European Union
FCA Authorised (UK)
FINMA Authorised (Switzerland)
ASIC Authorised (Australia)
MAS Authorised (Singapore)
IIROC Authorised (Canada)
SFC Authorised (Hong Kong)
FSA Authorised (Japan)
CySEC Authorised (Cyprus)
FMA Authorised (New Zealand)
Investments
Forex: Spot Trading
Currency Pairs (Total Forex pairs)
CFDs - Total Offered
Cryptocurrency traded as actual
Cryptocurrency traded as CFD
Offering of Investments
Winner
Cost
Average Spread EUR/USD - Standard
All-in Cost EUR/USD - Active
Active Trader or Premium/VIP
Commissions & Fees
Winner
Funding
Minimum Initial Deposit
Bank Wire (Deposit/Withdraw)
Visa/Mastercard (Credit/Debit)
PayPal (Deposit/Withdraw)
Skrill (Deposit/Withdraw)
UnionPay (Deposit/Withdraw)
Trading Platforms
Proprietary Platform
Desktop Platform (Windows)
Web Platform
Social Trading / Copy-Trading
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Trading Tools
Virtual Trading (Demo)
Alerts - Basic Fields
Watchlists - Total Fields
Charting - Indicators / Studies (Total)
Charting - Drawing Tools (Total)
Charting - Trade From Chart
Charting - Drawings Autosave
Order Type - Trailing Stop
Platform & Tools
Winner
Mobile Trading
Android App
Apple iOS App
Trading - Forex
Trading - CFDs
Alerts - Basic Fields
Watch List
Watch List Syncing
Charting - Indicators / Studies
Charting - Draw Trend Lines
Charting - Trend Lines Moveable
Charting - Multiple Time Frames
Charting - Drawings Autosave
Forex Calendar
Mobile Trading
Winner
Research
Daily Market Commentary
Forex News (Top-Tier Sources)
Weekly Webinars
AutoChartist
Trading Central (Recognia)
Delkos Research
Social Trading / Copy-Trading
Social Sentiment - Currency Pairs
Economic Calendar
Research
Winner
Education
Has Education - Forex
Has Education - CFDs
Client Webinars
Client Webinars (Archived)
Videos - Beginner Trading Videos
Videos - Advanced Trading Videos
Investor Dictionary (Glossary)
Tutorials/Guide (PDF or Interactive)
Education
Winner
Major Forex Pairs
GBPUSD (or USDGBP)
USDJPY (or JPYUSD)
EURUSD (or USDEUR)
USDCHF (or CHFUSD)
USDCAD (or CADUSD)
NZDUSD (or USDNZD)
AUDUSD (or USDAUD)
USDCNH (or CNHUSD)
USDSGD (or SGDUSD)
Overall
Overall
Winner
Get up to $600 + Trade Commission-Free for 60 Days Learn More
4.5
N/A of retail CFD accounts lose money
 
94
1955
Yes
Yes
No
Yes
Yes
Yes
No
No
Yes
No
Yes
No
No
No
 
Yes
75
0
No
No
4
 
N/A
N/A
Yes
4
check_circle
 
$0.00
Yes
No
No
No
No
 
Yes
Yes
No
Yes
No
No
No
 
Yes
Yes
506
403
20
Yes
Yes
Yes
4.5
check_circle
 
Yes
Yes
Yes
No
Yes
Yes
Yes
397
No
No
Yes
Yes
Yes
4
check_circle
 
Yes
Yes
No
No
No
No
Yes
No
Yes
4.5
check_circle
 
Yes
No
Yes
No
Yes
No
Yes
Yes
4
check_circle
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
No
 
4.5
check_circle
4
74-89% of retail CFD accounts lose money
 
91
1996
Yes
Yes
Yes
No
Yes
Yes
Yes
No
No
No
Yes
No
No
No
 
Yes
78
57
Yes
No
4
check_circle
 
N/A
N/A
Yes
3.5
 
€500.00
Yes
Yes
Yes
Yes
Yes
 
Yes
Yes
Yes
Yes
Yes
Yes
No
 
Yes
Yes
7
51
31
Yes
Yes
Yes
3.5
 
Yes
Yes
Yes
Yes
Yes
Yes
No
30
Yes
No
Yes
No
No
3.5
 
Yes
Yes
Yes
Yes
Yes
No
Yes
No
Yes
4
 
Yes
No
Yes
Yes
Yes
No
Yes
Yes
3.5
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
To find the top fx brokers, the team here at ForexBrokers.com collected over 2,200 data points during a several 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 received a rating of 4.00 stars over 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 and TD Ameritrade FX both are regulated in a major hub. Both 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. Swissquote offers its clients access to 78 different currency pairs while TD Ameritrade FX has 75 available pairs, a difference of 3.

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 offers Meta Trader while TD Ameritrade FX does not. 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 352 total different indicators (for example, moving averages), with TD Ameritrade FX offering 403 and Swissquote offering 51.

Swissquote Review
TD Ameritrade FX Review

Trading CFDs, FX, and cryptocurrencies involves 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 02/18/2019 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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