Chris Cammack
Edited by
Author
Chris Cammack
Edited by
Chris Cammack
Partner Manager and Financial Writer

Chris Cammack is the Partner Manager and a financial writer at FxScouts. Chris builds and maintains our relationships with our partners to provide our users with the best Forex trading experience.

Learn more about Chris Cammack
Author
Author
Alison Heyerdahl
Head of Content

Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), and an experienced trader, as well as a financial writer with extensive expertise in Forex trading, broker analysis, and market research. She has reviewed 100+ brokers, publishes weekly YouTube trading videos, and co-hosts the “Let’s Talk Forex” podcast.

 

Learn more about Alison Heyerdahl

TD Ameritrade

Best For: Stock-focused investors occasionally trading forex

Forex and CFD trading is high risk and most traders lose money

Available to traders in %s

Min deposit

USD 0

Regulated By
Varies by region

CFTC, NFA, MAS, SFC

Trading Cost

USD 12

Max Leverage
Varies by region

50:1

Copy Trading
Varies by region

Yes

Platforms

thinkorswim, WebTrader

Instruments

Cryptocurrencies, Forex

TD Ameritrade Broker Review

Founded in 1975 and CFTC-regulated, TD Ameritrade is a popular U.S. broker listed on the New York Stock Exchange. Known for its award-winning thinkorswim platform, TD Ameritrade caters to traders with different experience levels and different financial goals.

Forex traders can open an individual account with no minimum deposit requirement (unless trading with margin) with a spread of 1.2 pips (EUR/USD) and no commissions. These trading costs are around the industry average.

TD Ameritrade has solid educational resources, including a learning center with instructional videos, online courses, and trading demonstrations. It also offers a wealth of market highlights and analyst reports from Dow Jones and Benzinga, among others.

The only drawbacks of an otherwise excellent offering is the lack of funding methods, limited to bank-related transfers and that no support is offered for popular third-party platforms like MT4 and MT5.

Accepts American Clients. Average spread EUR/USD 1.20 pips on the trading account with lowest minimum deposit. Max leverage 50:1. Islamic account is available. thinkorswim platform supported.TD Ameritrade is regulated by MAS, the CFTC, and the SFC.

Pros

  • Low minimum deposit
  • Excellent education
  • Wide range of assets
  • Good for beginners

Cons

  • Limited funding methods
  • Non-transparent spreads
Rating Reviews
4.14

TD Ameritrade Overall Summary

Trust Rating
4
Trading Conditions
4.5
Platforms
4
Education
5
Beginner Friendly
4
Assets Available
4.5
Analysis Research
5
Deposit & Withdrawal
2.5
Overall Rating
4.14
/ 5
Base Currencies
USD
Number of FX Pairs
75
Crypto Pairs
0
Copy Trading
Yes
Hedging Allowed
Yes
Scalping Allowed
Yes
Islamic Account
Yes
Account Name
Commission
Fees Included in Spread
EUR/USD
1.20
GBP/USD
0
USD/JPY
0
Negative Balance Protection
Yes
Company Name
TD Ameritrade, Inc.,
Founded
1975
Website
https://www.tdameritrade.com/home.page
Website Language
English
Support Language
English
Office Locations
United States, Singapore, Hong Kong
Support Email Address
No email contact

Deposit & Withdrawal

ach
banktransfer
check

Supported Platforms

WebTrader

User Reviews

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Meet the Experts Behind Our Unbiased Reviews

Chris Cammack

Partner Manager and Financial Writer

Chris Cammack
Chris Cammack is partner manager and senior financial writer at FxScouts, specialising in broker relations and forex market analysis. As the former Head of Content (2019–2024), he set editorial standards for all content published at FxScouts, including broker reviews, broker comparison pages and education. With over a decade of experience in editorial management and partner relations, Chris builds and maintains our relationships with our partners to provide the best Forex trading experience for our users. He also co-hosts the “Let’s Talk Forex” podcast with Alison Heyerdahl, where he explores trading strategies, industry news, and macroeconomic trends to help traders navigate the markets with confidence.

Alison Heyerdahl

Head of Content

Alison Heyerdahl
Alison Heyerdahl is the Head of Content at FxScouts, a Chartered Market Technician (CMT), an experienced trader, and a financial writer with extensive hands-on experience in the Forex trading industry. She specialises in Forex trading, broker analysis, and market research, with a focus on helping traders navigate the complex world of online trading safely and confidently. Alison has tested and reviewed more than 100 Forex brokers, assessing everything from regulatory status and trading conditions to platform features and customer support. Her goal is to provide honest, detailed, and practical insights that traders can rely on when choosing a broker. She’s also produced more than 300 educational videos for the FxScouts YouTube channel, where she explains trading concepts in a clear, accessible way. As the co-host of the “Let’s Talk Forex” podcast, Alison shares expert commentary on broker reliability, trading strategies, and market developments—always with a focus on transparency and trader protection.

Stefan de Clerk

Financial Writer

Stefan de Clerk
Stefan is a financial writer and Forex trading enthusiast with over a decade of experience creating in-depth content on finance and technology. His deep interest in geopolitical events, big data, and market sentiment fuels his passion for analyzing how global factors shape financial markets. With a background in marketing and financial research, Stefan believes that Forex trading offers the best insight into the pulse of the world economy. Committed to delivering well-researched, unbiased, and objective information, he helps traders navigate the markets with clarity and confidence.

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