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.
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