To find the top fx brokers
, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare TD Ameritrade FX vs XTB.
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. Both TD Ameritrade FX and XTB hold a 4.00 star rating.
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. Both TD Ameritrade FX and XTB are regulated in a major hub. Both TD Ameritrade FX and XTB are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. XTB trails TD Ameritrade FX by 28 total currency pairs (for example, EUR/USD), with TD Ameritrade FX offering 77 and XTB offering 49.
To round out our comparison of TD Ameritrade FX vs XTB, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. XTB 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 XTB by 11 total charting tools, with XTB offering 31 and TD Ameritrade FX offering 20. TD Ameritrade FX boasts an offering of 377 different indicators (for example, moving averages) compared to XTB's 51 available indicators.
Overall, TD Ameritrade FX boasts 4.50 stars versus XTB's 4.00 stars. And, when it comes to individual category awards, XTB was rated Best in Class - Customer Service in 2018, while TD Ameritrade FX was rated Best in Class - Mobile Trading.