FXTM vs TD Ameritrade

FXTM vs TD Ameritrade Comparison Table 2024
FXTM TD Ameritrade
4
4

FXTM is a top-rated forex and CFD broker established in 2011 and operating across 4 continents. The company is secure and regulated by leading authorities, including the FCA and CySEC. Offering 1000+ day trading markets and three account types, they cater to all levels of trader.

TD Ameritrade is a leading discount brokerage offering a vast range of instruments including forex, stocks, futures, options and crypto. The company has nearly 40 years of experience and authorization from the SEC, FINRA and CFTC. Trading takes place via its well-known thinkorswim platform, which offers sophisticated tools and features including stock screeners and calculators.

Bonus Offer
30% up to $100 via Exinity Ltd
Comment by Reviewer
"FXTM is a good pick for day traders seeking low forex commissions on the MetaTrader 4 platform. That said, the range of other assets is not extensive for those looking to diversify, especially stocks and cryptocurrencies." "Traders who want access to a huge range of stocks from a reputable broker with low fees should consider TD Ameritrade. On the downside, we miss access to the familiar MetaTrader 4 software."
Pros
  • The broker delivers an excellent charting environment for day traders, with over 30 technical tools offered in the MT4 platform, plus a range of additional platform indicators for monitoring spreads, orders, pivot levels and more
  • Beginners can access a strong range of free educational materials and short-term market insights, including a podcast hosted by the brand’s expert team
  • FXTM offers free VPS hosting for active day traders looking for 24/7 uninterrupted connection with up to 99.9% uptime
  • The broker has a good reputation with multiple industry awards and oversight from top-tier regulators like the CySEC
  • Customer support is reliable and available in 30+ languages, making FXTM a top choice among global traders
  • Negative Balance Protection is available to clients registering with the EU and UK entities
  • Advanced order types, including OCO and brackets
  • Automated trading capabilities, including robo-advisors
  • Several trading platforms including proprietary award-winning software
  • TD Ameritrade provides rich in-depth research and educational resources
  • Extended 24/7 trading hours allow for international access to the markets
  • The broker facilitates automatic syncing between desktop and mobile trading platforms
  • There is access to over 350 technical studies, 20 drawing tools and 8 Fibonacci tools
  • Active chat rooms to share ideas and communicate with thousands of experienced traders
  • The Economic Data tool allows access to a range of data about the health of global economies
  • Management Services and Essential Portfolios. Reviews of which show high levels of customer satisfaction
  • Portfolio margin gives some users increased leverage by basing margin requirements on total portfolio risk
Cons
  • It’s a shame that ETFs and bond products are not available, and the selection of stocks is not extensive compared to competitors like AvaTrade
  • Spreads are mediocre in the commission-free accounts, with typical EUR/USD spreads around 1.9 pips - the industry average is around 1.2 pips
  • Withdrawal fees apply, including a 30 EUR fee on bank wire withdrawals
  • There are limited e-wallet payment options compared to alternatives
  • CFD trading not available
  • No MT4 or MT5 integration
  • Fractional shares are not offered
  • No direct cryptocurrency trading
  • Broker-assisted trade commissions are around $25
  • Stringent margin maintenance requirements and high fees
  • New traders may be overwhelmed by the vast amount of information and tools available
Awards
  • Best Trading Experience 2021 - World Finance Awards
  • Best Online Leveraged Trading Services 2021 - Global Business Awards
  • Best Forex Education Partner Nigeria 2021 - World Business Outlook
  • Best Trading Experience 2020 - World Finance Awards
  • Best ECN Broker 2020 - DayTrading.com
  • Best Broker for Beginners 2022 - Investopedia Best Online Broker Awards
  • Best Online Broker for Stock Trading Platform and Research 2022 - NerdWallet's Best-Of Awards
  • #1 Platform & Tools, #1 Active Trading, #1 Options Trading, #1 Customer Service, and #1 Phone Support 2022 - StockBrokers.com Online Broker Review
Instruments
Forex, CFDs, Indices, Commodities, Stocks Forex, Stocks, ETFs, Cryptos, Futures, Options, Commodities, Bonds
Demo Account
Yes Yes
Minimum Deposit
$10 $0
Trading Platforms
  • FXTM App
  • MT4
  • MT5
  • eSignal
  • AutoChartist
Payment Methods
Minimum Trade
0.01 Lots $0
Regulator
CySEC, FCA, FSCA, FSC SEC, FINRA, CFTC
Margin Trading
Yes Yes
STP Account
Yes No
ECN Account
Yes No
DMA Account
No Yes
MAM Account
Yes Yes
PAMM Account
Yes No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No Yes
Negative Balance Protection
Yes No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS & Android
App Review

FXTM deliver a great mobile trading experience. Fast, secure and easy-to-use, the app supports both MetaTrader 4 and 5 and delivers real time quotes, all trading execution types and full account maintenance. The charting facilities are also among the best of any mobile app. Download it today.

TD Ameritrade offers currency trading via Android and iOS mobile and tablet apps. Users can speculate on over 75 currency pairs with low fees and advanced trading tools. Deposit funds and manage accounts in a few clicks.

Android App Rating
4.4
iOS App Rating
4.8
Auto Trading
Expert Advisors (EAs) on MetaTrader Yes - Auto trading available via bots
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes Yes
VPS Hosting
Yes No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No Yes
Custodial Account
No Yes
Guaranteed Stop Loss
No No
Inactivity Fee
$5 $0
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • USD
Stock Exchanges
Commodities
CFD Trading
FXTM’s CFD offering spans 250+ forex, stocks, commodities and indices, plus crypto CFDs at the global entity. Leverage up to 1:30 is available from the CySEC-regulated branch, though highly seasoned traders can also access massive 1:2000 rates from the global entity. CFD trading not offered
FTSE Spread
1.3
GBPUSD Spread
0.2
Oil Spread
5.0
Stocks Spread
0.1
Forex Trading
FXTM offers a strong range of 60+ currency pairs - more than many competitors including AvaTrade. There’s also 6 currency indices for day traders looking to diversify their forex portfolios. The brand’s ECN account offers competitively low spreads from 0 pips, with equally low commissions up to $2 per lot. Trade 70+ forex pairs including majors, minors or exotics via the desktop, mobile or webtrader app with no commission and 1:2 leverage. The choice of currencies is wider than most forex brokers.
Forex App

FXTM deliver a great mobile trading experience. Fast, secure and easy-to-use, the app supports both MetaTrader 4 and 5 and delivers real time quotes, all trading execution types and full account maintenance. The charting facilities are also among the best of any mobile app. Download it today.

TD Ameritrade offers currency trading via Android and iOS mobile and tablet apps. Users can speculate on over 75 currency pairs with low fees and advanced trading tools. Deposit funds and manage accounts in a few clicks.

GBPUSD Spread
0.2 Variable
EURUSD Spread
0.1 Variable
EURGBP Spread
0.6 Variable
Assets
50+ 75+
Currency Indices
  • USD
  • EUR
  • GBP
  • JPY
  • AUD
  • NZD
Cryptocurrency
Cryptocurrency CFDs are available on 11 popular digital coins for those using the international entity. Bitcoin is available, alongside popular altcoins like Avalanch and Dogecoin. Spreads are floating and minimum lot sizes from 0.01 are available. Gain exposure to cryptocurrency markets through OTC crypto trusts, mutual funds and ETFs and Bitcoin futures. This offers portfolio diversification opportunities and trading vehicles beyond standard crypto CFDs.
Spread
Variable Commission fees apply
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • BTC
  • ETH
  • MBT
  • MET
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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