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TD Ameritrade vs XM Group 2021

Is TD Ameritrade better than XM Group? After testing 27 of the best forex brokers over five months, TD Ameritrade is better than XM Group. With over 70 currency pairs to trade alongside a plethora of tools, research, and education, TD Ameritrade's thinkorswim platform provides US-based forex traders the ultimate trading technology 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 XM Group
Overall 4.5 4
Commissions & Fees 3.5 4
Offering of Investments 4.5 4
Platforms & Tools 4.5 4
Mobile Trading 4.5 4
Research 4.5 4.5
Education 4 4.5
Trust Score 98 84
TD Ameritrade Review XM Group Review
Winner check_circle
N/A of retail CFD accounts lose money 78.28% of retail CFD accounts lose money

Regulation

Feature TD Ameritrade XM Group
Trust Score 98 84
Year Founded
1955 2009
Publicly Traded (Listed)
Yes No
Bank
Yes No
Tier-1 Licenses
5 2
Tier-2 Licenses
0 2
Tier-3 Licenses
0 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

Feature TD Ameritrade XM Group
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 No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
Yes No

Investments

Feature TD Ameritrade XM Group
Forex Trading
Yes Yes
CFDs (Total)
0 1273
Forex Pairs (Total)
73 57
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
No No
Social Trading / Copy-Trading
Yes Yes

Cost

Feature TD Ameritrade XM Group
Average Spread EUR/USD - Standard
1.065 pips (Sep 2019) 1.6 (Aug 2020)
All-in Cost EUR/USD - Active
1.065 pips (Sep 2019) 0.8 (Aug 2020)
Active Trader or VIP Discounts
Yes No

Funding

Feature TD Ameritrade XM Group
Minimum Initial Deposit
$0.00 $5-100
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
No Yes
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

Feature TD Ameritrade XM Group
Proprietary Platform
Yes No
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
No Yes
MetaTrader 5 (MT5)
No Yes
cTrader
No No
DupliTrade
No No
ZuluTrade
No No

Trading Tools

Feature TD Ameritrade XM Group
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
548 (Default MT4/MT5)
Charting - Indicators / Studies (Total)
382 (Default MT4/MT5)
Charting - Drawing Tools (Total)
20 (Default MT4/MT5)
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature TD Ameritrade XM Group
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
348 (Default MT4/MT5)
Charting - Draw Trendlines
Yes Yes
Charting - Trendlines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes No

Research

Feature TD Ameritrade XM Group
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
No Yes
AutoChartist
No Yes
Trading Central (Recognia)
No Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
No Yes
Economic Calendar
Yes Yes

Education

Feature TD Ameritrade XM Group
Has Education - Forex
Yes Yes
Has Education - CFDs
No No
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes No
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes No

Major Forex Pairs

Feature TD Ameritrade XM Group
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 XM Group
Overall 4.5 4
Commissions & Fees 3.5 4
Offering of Investments 4.5 4
Platforms & Tools 4.5 4
Mobile Trading 4.5 4
Research 4.5 4.5
Education 4 4.5
Trust Score 98 84
TD Ameritrade Review XM Group Review

Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare TD Ameritrade vs XM Group.

Does TD Ameritrade or XM Group offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, XM Group offers better pricing overall for traders.

Is TD Ameritrade or XM Group safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. TD Ameritrade holds 5 global Tier-1 licenses, while XM Group holds 2. XM Group holds 2 global Tier-2 licenses, while TD Ameritrade holds 0. All regulators considered, TD Ameritrade has a Trust Score of 98.00, while XM Group's Trust Score is 84.00.

Which trading platform is better: TD Ameritrade or XM Group?
To compare the trading platforms of both TD Ameritrade and XM Group, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TD Ameritrade offers a better experience. With research, TD Ameritrade offers superior market research. Finally, we found TD Ameritrade to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. TD Ameritrade and XM Group both offer copy trading. XM Group offers MetaTrader 4 (MT4), while TD Ameritrade does not.

How many forex pairs and CFDs are available to trade?
TD Ameritrade provides traders 73 currency pairs (e.g., EUR/USD) compared to XM Group's 57 available pairs. Forex pairs aside, XM Group offers traders access to 1273 CFDs while TD Ameritrade has 0 available CFDs, a difference of 1,273.

Overall winner: TD Ameritrade

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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 website as of 12/14/2020 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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