You support us through our independently chosen links, which may earn us a commission. This does not impact our completely unbiased research, which is respected by broker executives as among the most thorough on the web. CFDs are complex instruments and come with a high risk TD Ameritrade forex 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. Our Head of Research, Steven Hatzakis, is frequently referenced as a leading analyst covering forex brokers and cryptocurrency. 2009 and has since continued to evolve as an innovative brand under the company. Under its CFTC-regulated entity, TD Ameritrade Futures and Forex LLC, TD Ameritrade remains one of the few regulated brokerages to still offer retail forex trading in the United States.
The brand continues to benefit from the backing of its parent company for both technology innovation and customer support resources. In 2018, TD Ameritrade joined a cohort of prominent technology investors in a round of financing to acquire a stake in ErisX, an upcoming cryptocurrency derivatives exchange. Trust Score Trading with a forex broker traders can trust is crucial to success. Unfortunately, forex fraud and scams are common in the industry.
Here is our trust summary of TD Ameritrade FX. The following table summarizes the different investment products available to TD Ameritrade FX clients. TD Ameritrade’s fees for trading forex on thinkorswim vary depending on whether you choose the commission-free pricing available as a separate FX contract or the commission-based contract from within the platform each time you submit an order for execution. 30 pips, including a commission of 2. While we were not able to obtain any average spreads published by TD Ameritrade, we looked at sample real-time price quotes for its major forex pairs to make a general comparison from within the platform.