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TD Ameritrade Forex vs XM Group 2020

Is TD Ameritrade Forex better than XM Group? After testing 30 of the best forex brokers over five months, TD Ameritrade Forex is better than XM Group. With nearly 80 currency pairs to trade alongside a plethora of trading tools and research, TD Ameritrade’s thinkorswim platform provides US-based forex traders a winning 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 Forex XM Group
Overall 4.5 4
TD Ameritrade Forex Review XM Group Review
N/A of retail CFD accounts lose money 73.57% of retail CFD accounts lose money

Regulation

Feature TD Ameritrade Forex XM Group
Trust Score 96 83
Year Founded
1955 2009
Publicly Traded (Listed)
Yes No
Bank
Yes No
Tier-1 Licenses
5 2
Tier-2 Licenses
0 1
Tier-3 Licenses
0 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature TD Ameritrade Forex 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 Forex XM Group
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
75 57
CFDs - Total Offered
0 1247
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
No No
Offering of Investments 4.5 4
Winner check_circle

Cost

Feature TD Ameritrade Forex XM Group
Average Spread EUR/USD - Standard
1.065 pips (Sep 2019) 1.6 (as of Jan 18)
All-in Cost EUR/USD - Active
1.065 pips (Sep 2019) 0.8
Active Trader or VIP Discounts
Yes No
Commissions & Fees 4 3.5
Winner check_circle

Funding

Feature TD Ameritrade Forex 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 Forex 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

Trading Tools

Feature TD Ameritrade Forex 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
Platform & Tools 4.5 3.5
Winner check_circle

Mobile Trading

Feature TD Ameritrade Forex XM Group
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
No Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
397 (Default MT4/MT5)
Charting - Draw Trend Lines
No Yes
Charting - Trend Lines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes No
Mobile Trading 4.5 3.5
Winner check_circle

Research

Feature TD Ameritrade Forex 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 No
Delkos Research
No No
Social Sentiment - Currency Pairs
No Yes
Economic Calendar
Yes Yes
Research 4.5 4
Winner check_circle

Education

Feature TD Ameritrade Forex XM Group
Has Education - Forex
Yes No
Has Education - CFDs
No No
Client Webinars
Yes Yes
Client Webinars (Archived)
No No
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
No Yes
Investor Dictionary (Glossary)
Yes No
Education 4 4
Winner check_circle

Major Forex Pairs

Feature TD Ameritrade Forex 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 Forex XM Group
TD Ameritrade Forex Review XM Group Review
Overall 4.5 4
Winner check_circle

Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let's compare TD Ameritrade Forex vs XM Group.

Does TD Ameritrade Forex 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, TD Ameritrade Forex offers better pricing overall for traders.

Is TD Ameritrade Forex 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 Forex holds 5 global Tier-1 licenses, while XM Group holds 2. XM Group holds 1 global Tier-2 licenses, while TD Ameritrade Forex holds 0. All regulators considered, TD Ameritrade Forex has a Trust Score of 96.00, while XM Group's Trust Score is 83.00.

Which trading platform is better: TD Ameritrade Forex or XM Group?
To compare the trading platforms of both TD Ameritrade Forex and XM Group, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TD Ameritrade Forex offers a better experience. With research, TD Ameritrade Forex offers superior market research. Finally, we found TD Ameritrade Forex 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 Forex and XM Group both offer copy trading. XM Group offers MetaTrader 4 (MT4), while TD Ameritrade Forex does not.

How many forex pairs and CFDs are available to trade?
TD Ameritrade Forex provides traders 75 currency pairs (e.g., EUR/USD) compared to XM Group's 57 available pairs. Forex pairs aside, XM Group offers traders access to 1247 CFDs while TD Ameritrade Forex has 0 available CFDs, a difference of 1,247.

Overall, between TD Ameritrade Forex and XM Group, TD Ameritrade Forex is the better forex broker.

TD Ameritrade Forex Review
XM Group Review

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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 web site as of 01/20/2020 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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