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 TD Ameritrade FX vs Vantage 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 is a better option with a 4.00 star rating over Vantage FX's 3.50 star rating.
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. Both TD Ameritrade FX and Vantage FX are regulated in a major hub. TD Ameritrade FX is a publicly traded company while Vantage FX is not. How many currency pairs are available to trade? TD Ameritrade FX boasts an offering of 77 different currency pairs compared to Vantage FX's 38 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. Vantage FX makes Meta Trader available to clients, while TD Ameritrade FX does not. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Vantage FX offers its clients access to 31 charting tools while TD Ameritrade FX has 20 charting tools, a difference of 11. Vantage FX trails TD Ameritrade FX by 326 total different indicators (for example, moving averages), with TD Ameritrade FX offering 377 and Vantage FX offering 51.
Overall, TD Ameritrade FX takes the upper hand with 4.50 stars over Vantage FX's 3.50 stars. And, when it comes to individual category awards, TD Ameritrade FX finished with awards Best in Class - Mobile Trading in 2018, while Vantage FX came up with none of these.