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TD Ameritrade vs ForexChief

TD Ameritrade vs ForexChief Comparison Table 2023
TD Ameritrade ForexChief
Review
4

TD Ameritrade is #36 in our broker rankings.

Review
3.3

ForexChief is #5 in our CFD broker rankings.

United States Flag Traders from US accepted
United States Flag Traders from US accepted

One of the largest discount brokers in the US, with a fixed trading commission and access to a large array of trading products and securities.

ForexChief is a foreign exchange and CFD broker with offshore regulation and access to both MT4 and MT5 trading platforms.

Pros
  • Low minimum deposit
  • Good execution speed
  • Full range of instruments
  • Strong regulation
  • Demo account
  • Full range of investments
  • Low minimum deposit
  • MT4 integration
  • Copy trading
Cons
  • No copy trading
  • Few payment methods
  • No MetaTrader 4 integration
  • Weak regulatory oversight
Awards
  • 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
Promotions

Download The ForexChief App For A $100 No Deposit Bonus
Bonus
$100 No Deposit Bonus
Instruments
Stocks, Futures, E-minis, Options, Forex, Crypto, ETFs, Volatility Index CFDs, Forex, Metals, Commodities, Stocks, Indices
Demo Account
Yes Yes
Minimum Deposit
$0 $10
Payment Methods
Minimum Trade
None 0.01 lots
Regulator
SEC, FINRA, CFTC VFSC
Margin Trading
Yes Yes
Margin Rate
0.1%
MetaTrader 4
No Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
Yes No
eSignal
Yes No
Trading Central
No No
STP Account
No Yes
ECN Account
No No
DMA Account
Yes No
MAM Account
Yes No
PAMM Account
No Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
Yes No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Yes - Auto trading available via bots EAs
Copy Trading
No Yes
Copy Trading Platform
Clients can follow copy trading signals on the MetaTrader platform. Alternatively, signal providers can generate extra income by selling their positions.
Social Trading
No No
Trade Signals
Yes Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
Yes No
Guaranteed Stop Loss
No No
Inactivity Fee
None
Islamic Account
No Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • JPY
  • CHF
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered ForexChief offers a competitive range of CFDs, encompassing crypto, indices, energies and metals.
Leverage
1:1000
FTSE Spread
70
GBPUSD Spread<
0.9
Oil Spread
12
Stocks Spread
50
Forex Trading
Trade 75+ major and minor currency pairs with floating spreads. ForexChief supports spot foreign exchange trading on all account types for 40+ major, minor and exotic currency pairs on both MT4 and MT5.
Forex App

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
Variable 0.9
EURUSD Spread
Variable 0.4
EURGBP Spread
Variable 0.9
Assets
75+ 40
Cryptocurrency
Invest in cryptocurrency via OTC Trusts, ETFs, mutual funds and Bitcoin futures ForexChief supports crypto CFD trading with five major digital currencies paired against the US dollar.
Spread
Commission fees apply Variable
Coins
  • BTC
  • ETH
  • MBT
  • MET
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Review
Review
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