TD Direct Investing vs FXCM : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

TD Direct Investing

FXCM

Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

None

Market maker

Years of Existence / Established Year

1984

1999

Customer Base / Number of Accounts

17 M

No information

Regulation & Security

Regulations (governing bodies)

CIPF, CIRO

FCA, CySEC, ASIC, FSCA, ISA

Awards Won (count for the last 2 years)

No major awards listed

Best In Class 2024 - ForexBrokers.com

Security Measures

CIPF

FSCS

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Yes

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

Fixed income investments, GICs

10,000+ trading instruments shares

Currency Pairs

Yes

Commodities

Yes

Indices

Yes

Cryptocurrencies

Yes

CFDs

Yes

ETFs

Yes

Stocks

Yes

Options

Yes

Futures

Bonds

Yes

Mutual Funds

Yes

Fractional Shares

Exchange Traded Notes (ETNs)

Precious Metals

Yes

Real Estate Investment Trusts (REITs)

Equities

Yes

Trading Platforms & Technology

Trading Platform Availability

Yes

MT4

Yes

MT5

cTrader

Social Trading

Yes

Copy Trading

Yes

Other Trading Platforms (proprietary, etc.)

TD app, web trader, Advanced dashboard, TD active trader

Trading station, Trading View Pro

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Margin account, cash trading account, TFSA, RSP, RESP, RIF, LIRA, LIF, RDSP

Standard, Active trading, Spread betting, Professional

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Yes

Minimum Deposit

$50

Leverage Available

30:1 to 1000:1

Trade Limit (maximum per trade)

Depends on asset types

50 million per trade

Commission (per account type)

$ 4 / lot

Best Suited For (e.g., beginners, experienced traders)

Beginners and experienced traders

Active and experienced traders

Deposit & Withdrawal Options

Deposit Methods

Direct bank account, Check

Debit/Credit Card Via mobile app, Bank wire, China online payment, Crypto

Withdrawal Methods

SWIP, Wire payment

Debit/Credit Card, Bank Wire, Local Bank Transfer, and Online Bank Transfer.

Other E-Wallets Supported

Skrill, Neteller, Google pay, Apple pay

Tools & Educational Resources

Economic Calendar

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Learning Centre - Investing Education, Market Insights and Analysis, Webinars, Investing Guides, Video Tutorials, TD Direct Investing Community Forum

Education, Trading Guides, Trading Tools, Research

Fees & Commissions

Trading-Related Fees

Commission -mutual funds- $0 , IPOs, Equities- $7.00- $9.99, Stock - $3- $43, Bonds- $40 + $1.50/1,000

Spread- 1.3 pips

Spread (typical, fixed, variable)

Typical

Per Lot Fees

Options Contract Fees

$9.99 + $1.25 per contract

Futures Contract Fees

Markup Fees on Spread

Guaranteed Stop Loss Fees

Maximum Leverage

1000:1

Non-Trading Fees

Dormant Fees

$50

Subscription Fees (for premium features, data feeds)

Advisory Fees

$30

Swap Fees (Overnight Financing)

Statement or Document Fee

$2-$5

Account Opening Fee

Applicable, Depends on account types

Account Maintenance Fee

$25 per quarter

$25

Deposit Fee

$17.50 U.S

Currency Conversion Fee

2.50%

Withdrawal Fee

$30-$100

Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

Trading Hours

Trading Hours (for each asset class if applicable)

Pre-market trading hours (8 a.m. to 9:30 a.m. ET) and after-hours trading (4 p.m. to 8 p.m. ET)

Varies by product

Customer Support

Support Hours (e.g., 24/7, weekdays only)

Monday to Friday, 7 am to 10 pm ET

24/5

Customer Support Methods (phone, email, live chat)

Phone: 1-800-465-5463, , Book an appointment

WhatsApp: +44 7537 432259 (message only), Email: [email protected], Live chat, Request a call

Support Languages

Additional Information

Headquarters Location

66 Wellington Street West, Toronto, ON M5K 1A2

London, United Kingdom

Complaints (for crypto brokers)

At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.

Both TD Direct Investing and FXCM offer affordable fee structures, but TD Direct Investing generally edges out with no inactivity fees and lower commissions on standard trades, whereas FXCM shines with bundled research and platform access.

TD Direct Investing makes starting out easy with a simple application, especially for retail clients. FXCM platform, while requiring more effort to join, allows experienced traders to customize their accounts from the start.

TD Direct Investing provides a modern trading experience with its proprietary or MT4/MT5 platform, ideal for technical traders. FXCM, on the other hand, offers more research tools and is better suited for data-driven investors.

TD Direct Investing is geared toward frequent trading and analytics, while FXCM fits those who value simplicity and guided experiences.

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