Is Global Prime better than TD Ameritrade FX?After assessing forex brokers on nearly 100 different variables, TD Ameritrade FX is better than Global Prime. For US-based investors and traders, TD Ameritrades thinkorswim platform is a sophisticated multi-asset desktop experience optimized for securities trading, including off-exchange spot forex and exchange-traded options and futures (including Bitcoin).
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.
After spending several months and hundreds of hours researching 28 different forex brokers for trading FX, our team at team collected over 2,200 data points. For this review, we will compare Global Prime vs TD Ameritrade FX.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. TD Ameritrade FXs score is 4.00 stars versus Global Primes 3.00 stars.
Commissions and fees aside, lets take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Global Prime and TD Ameritrade FX both are regulated in a major hub. TD Ameritrade FX is a publicly traded company while Global Prime is not. As far as how many currency pairs are available for trading, heres the answer. TD Ameritrade FX boasts an offering of 75 different currency pairs compared to Global Primes 40 available pairs.
Next, lets look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Global Prime has Meta Trader, TD Ameritrade FX doesnt. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. Global Prime boasts an offering of 31 charting tools compared to TD Ameritrade FXs 20 available charting tools. TD Ameritrade FX offers its clients access to 403 different indicators (for example, volume) while Global Prime has 51 available indicators, a difference of 352.
Trading CFDs, FX, and cryptocurrencies involves 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 02/18/2019 and is believed to be accurate, but is not guaranteed. The m 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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