This contrast overview assists users that battle to select in between IC Markets and TD Ameritrade to find the best online broker for their trading and investment needs. It evaluates the highlights of the two brokers side by side to assist individuals compare their solution and make an informed decision.
To aid users choose the appropriate broker between IC Markets and TD Ameritrade to find the best-suited system, listed below is a list of broker’s benefits and drawbacks, followed by a comparison of their major trading attributes, including trading platforms & devices, costs, mobile trading, down payment & withdrawal, possessions, law, and consumer assistance.
IC Markets vs. TD Ameritrade: Summary
IC Markets is a reputable forex and CFD broker regulated by two tier-one regulators (the ASIC and CySEC). They allow users to trade on over 3,500 symbols including 61 forex pairs and dozens of CFDs on cryptocurrencies, shares and indices.
IC Markets features multiple trading platforms and third party plugins including MetaTrader 4 (MT4), MetaTrade 5 (MT5), cTrader, myfxbook and AutoTrade. They also offer scalable order execution options without requotes and possibilities to place trades within the spread, which makes IC Markets an interesting choice for algorithmic traders.
IC Markets trading fees are among the lowest in the industry. They charge an average spread of 0.2 pips (EUR/USD) without extra commission. They also offer discounts to active traders with a trade volume above 100 lots/month.
IC Markets customer service is available by email, phone, and live chat in English, Arabic, and several other languages.
TD Ameritrade is a US based online stock broker founded in 1975. It is regulated by two of the most strict US regulators the SEC and FINRA. The broker offers access to a wide range of stocks and forex pairs and a handful of bonds, options, futures, crypto, and other financial instruments.
TD Ameritrade has a proprietary trading platform (thinkorswim) and two mobile trading apps. Both have an intuitive design and feature a great set of trading tools and features.
TD Ameritrade has low trading fees compared to other similar brokers like tastytrade, Robinhood and Fidelity. They charge 0% commission on stocks and ETFs, while futures trading comes with high fees. Forex, options and bonds are available at average fees.
TD Ameritrade’s customer support is available by phone and email from 8:30 AM to 5:30 PM ET, Monday – Friday.
Pros
- MT4, MT5 and cTrader integration
- Competitive spreads from 0,0 pips EUR/USD
- Copy trading features (DupliTrade and Zulutrade)
- Up to 1:500 leverage
- Free Equinix NY4 VPS server
Cons
- Limited educational material
- Limited availability of assets
- No research and analysis tools
Pros
- Low minimum deposit ($0)
- Free stock and ETF trading
- Feature-rich desktop and web trading platform (thinkorswim)
- Advanced charting capabilities and real-time data
- Wide range of stocks and ETFs
- Excellent mobile trading apps for casual and active traders
Cons
- Mostly US markets and assets
- Only accept bank wire transfers
- Doesn’t offer fractional shares
Key features
- Access to over 2,000 CFDs on forex, cryptos and stocks
- Compatible with MT4, MT5 and cTrader
- Islamic swap-free account availability
- Raw spreads from 0,0 pips EUR/USD
- Fast and reliable trade execution
- Access to Expert Advisors (EA’s) and other forms of automated trading
Key features
- Wide range of US stocks and ETFs
- Vast selection of charting tools and indicators
- Daily market analysis in the form webinars, webcasts, and podcasts
- 0% commission stock and ETF trading
- Access to IPOs, annuities, fixed income products, and lending programs
IC Markets vs. TD Ameritrade Comparison
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IC Markets
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71,65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
TD Ameritrade
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:500 | 1:2 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | No | 0 |
| Deposit Fee | No | 0 |
| Inactivity Fee | 0 | 0 |
| Cost Per Trade | $3.5 per lot | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 1.2 pips | 1.3 pips |
| Stocks & ETF | 0 | $6.95 |
| CFD (Gold) | 0 | 0 |
| Crypto | 0 | 0 |
| Options | 0 | 0.65 per options contract fee |
| Conversion Fees | 0.01% | $75 transfer fee |
| Misc. Fees | 0 | |
| Overnight Fees | 0 | 0 |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $200 | 0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | 3700 |
| ETF & Funds | 40 | 13000 |
| Crypto | 0 | 0 |
| Commodities | 0 | 10 |
| Indices | 0 | 12 |
| Options | 0 | 0 |
| Futures | 0 | 70 |
| Bonds | 0 | 40000 |
| Forex Instruments | 75 | 70 |
| CFD Indices & Funds | 25 | 0 |
| CFD Stocks | 2100+ | 0 |
| CFD Commodities | 28 | 0 |
| CFD Crypto | 13 | 0 |
| CFD Bonds | 9 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | English / Spanish | |
| Personal Account Manager |
Winner
IC Markets vs. TD Ameritrade Comparison Conclusion
The results of our comparison of IC Markets vs. TD Ameritrade are wrapped up in the table listed below.
| Broker: | Best For: |
| IC Markets | Forex and CFDs; Algorithmic Trading |
| TD Ameritrade | US Stocks and ETFs |
Picking the ideal option between IC Markets and TD Ameritrade can be tough. Both on the internet brokers have similarities however differ pertaining to trading instruments, platforms & apps, policy, down payment & withdrawals, and study and education. Picking the very best broker depends on customers’ trading & investment objectives, private preferences, and experience level.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.