FXCM vs. TD Ameritrade Comparison

This comparison guide helps individuals that struggle to pick between FXCM and TD Ameritrade to locate the most effective online broker for their trading and financial investment requirements. It examines the main features of the two brokers alongside to help individuals contrast their solution and make an educated decision.

To help individuals pick the best broker between FXCM and TD Ameritrade to find the best-suited platform, listed below is a listing of broker’s benefits and drawbacks, adhered to by a contrast of their main trading attributes, consisting of trading systems & tools, costs, mobile trading, deposit & withdrawal, assets, policy, and consumer assistance.

FXCM vs. TD Ameritrade: Summary

FXCM logo

FXCM is a UK-based forex and CFD broker founded in 1999. They offer access to over 400 tradable instruments including 300 CFDs, 41 forex pairs and a handful of shares, indices, commodities, and cryptocurrencies. FXCM is regulated by four tier-one regulators including the FCA, the ASIC, the CySEC, and the FSCA.

FXCM offers a wide range of trading platforms including Trading Station (proprietary trading platform), MT4 and TradingView. Users also have access to various copy trading apps (NinjaTrader, ZuluTrade, and/or Capitalise AI), analysis reports by TradingCentral and 55 charting indicators.

FXCM charges a spread of 1.4pips (EUR/USD) without any commission on their standard account, which is above industry average. The broker doesn’t charge any deposit fees, but charges a $40 withdrawal fee and a $50 a year inactivity fee after 12 months of no login activity.

FXCM’s customer service is available 24/7 by email, phone, and live chat in English, Arabic, and several other languages.

TD Ameritrade logo

TD Ameritrade is a US based online stock broker founded in 1975. It is regulated by two of the most strict US regulators the SEC and FINRA. The broker offers access to a wide range of stocks and forex pairs and a handful of bonds, options, futures, crypto, and other financial instruments.

TD Ameritrade has a proprietary trading platform (thinkorswim) and two mobile trading apps. Both have an intuitive design and feature a great set of trading tools and features.

TD Ameritrade has low trading fees compared to other similar brokers like tastytrade, Robinhood and Fidelity. They charge 0% commission on stocks and ETFs, while futures trading comes with high fees. Forex, options and bonds are available at average fees.

TD Ameritrade’s customer support is available by phone and email from 8:30 AM to 5:30 PM ET, Monday – Friday.

Pros

  • Low minimum deposit ($50)
  • Average forex spread and 0% commission
  • Various algorithmic and copy trading tools (MT4, ZuluTrade, Trading View)
  • Detailed Trade execution reports (execution quality and slippage)
  • Feature rich mobile apps

Cons

  • Low amount of trading instruments
  • Relatively high trading and other fees

Pros

  • Low minimum deposit ($0)
  • Free stock and ETF trading
  • Feature-rich desktop and web trading platform (thinkorswim)
  • Advanced charting capabilities and real-time data
  • Wide range of stocks and ETFs
  • Excellent mobile trading apps for casual and active traders

Cons

  • Mostly US markets and assets
  • Only accept bank wire transfers
  • Doesn’t offer fractional shares

Key features

  • Over 400 CFDs across various markets
  • Wide range of platforms (Trading Station, MT4, NinjaTrader, ZuluTrade)
  • Multiple order types availability
  • TradingView integration
  • Support for advanced, algorithmic, and copy trading
  • Regulated by 4 tier-one regulators

Key features

  • Wide range of US stocks and ETFs
  • Vast selection of charting tools and indicators
  • Daily market analysis in the form webinars, webcasts, and podcasts
  • 0% commission stock and ETF trading
  • Access to IPOs, annuities, fixed income products, and lending programs

FXCM vs. TD Ameritrade Comparison

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FXCM logo

FXCM

Open account Read review

63% or 74% of retail CFD accounts lose money

TD Ameritrade logo

TD Ameritrade

BROKER COMPARISON

FXCM logo
TD Ameritrade logo

Overall rating

4,0/5

4,1/5

Overall rating

4,0/5

4,1/5

Trading Platform & Tools

4.7

4.4

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:400 1:2
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

3.4

3.6

See details
Withdrawal Fee $40 0
Deposit Fee 0 0
Inactivity Fee $50 per year after 12 months 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0.2 pips 1.3 pips
Stocks & ETF 0 $6.95
CFD (Gold) 0.5 pips 0
Crypto 0 0
Options 0 0.65 per options contract fee
Conversion Fees 0 $75 transfer fee
Misc. Fees 0 0
Overnight Fees 0

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

2.5

1.9

See details
Minimum deposit (in UAE) $300 0
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.0

4.9

See details
Shares 0 3700
ETF & Funds 0 13000
Crypto 0 0
Commodities 0 10
Indices 0 12
Options 0 0
Futures 0 70
Bonds 0 40000
Forex Instruments 45 70
CFD Indices & Funds 15 0
CFD Stocks 219 0
CFD Commodities 12 0
CFD Crypto 7 0
CFD Bonds 1 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

5.0

4.3

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.5

4.0

See details
Email
Phone
Live Chat
24/7 support
Multilingual English / Spanish
Personal Account Manager

Winner

FXCM vs. TD Ameritrade Comparison Conclusion

The results of our contrast of FXCM vs. TD Ameritrade are wrapped up in the table below.

Broker:Best For:
FXCMForex and CFDs; Algorithmic trading
TD AmeritradeUS Stocks and ETFs

Picking the right option in between FXCM and TD Ameritrade can be hard. Both online brokers have similarities yet differ concerning trading tools, systems & applications, law, down payment & withdrawals, and research and education. Picking the most effective broker depends upon individuals’ trading & financial investment objectives, specific choices, and experience degree.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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