Saxo Bank vs. TD Ameritrade Comparison

This comparison guide helps customers who have a hard time to choose between Saxo Bank and TD Ameritrade to locate the most effective online broker for their trading and financial investment needs. It analyzes the highlights of the two brokers side by side to assist customers compare their service and make a notified choice.

To help users pick the right broker between Saxo Bank and TD Ameritrade to find the best-suited system, below is a checklist of broker’s pros and cons, followed by a contrast of their major trading functions, consisting of trading platforms & devices, costs, mobile trading, down payment & withdrawal, properties, policy, and client assistance.

Saxo Bank vs. TD Ameritrade: Summary

Saxo Bank logo

Saxo Bank is a reputable global brand known for its complete overall offer and exclusive conditions for high volume traders and investors. Users can enjoy cutting edge trading technology paired with a premium interface and great trade execution on mobile and desktop. The Saxo Bank trading platform offers a feature rich trading experience, easy to use interface, competitive margin rates, and trading on over 40,000 financial instruments. This makes them an industry leader in trading assets coverage as an ECN broker.

If you can afford the minimum deposit of $10.000, this is the go to broker for traders and investors at all levels. They combine high-quality in-house research with top-tier third-party providers and a diverse portfolio of investment options.

Investors who are looking to trade in accordance with Sharia Law can open an islamic account. Saxo Bank also offers high quality customer service in Arabic and English language via phone, email or in person at their local office with guaranteed satisfying answers.

TD Ameritrade logo

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

  • Industry leading market coverage
  • Excellent Trading Features with SaxoTraderGo
  • Advanced order type and account protection features
  • Intuitive and easy to use mobile trading app
  • Great education and research materials
  • Competitive fee structure for active traders

Cons

  • $10,000 minimum deposit for UAE users
  • High time investment to set up
  • Only for advanced traders

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

  • 40.000 tradable symbols available (crypto derivatives, forex options and futures)
  • Advanced account protection and order types
  • Fast execution of trades
  • $2.000 minimum deposit
  • “Best in class” educational resources
  • Great ease of use level combined with advanced features

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

Saxo Bank vs. TD Ameritrade Comparison

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Compare brokers
Saxo

Saxo Bank

Open account Read review

69% of retail investor accounts lose money when trading CFDs with this provider.

TD Ameritrade logo

TD Ameritrade

BROKER COMPARISON

Saxo
TD Ameritrade logo

Overall rating

4,9/5

4,1/5

Overall rating

4,9/5

4,1/5

Trading Platform & Tools

4.9

4.4

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:20 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

4.7

3.6

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 1 1.3 pips
Stocks & ETF 0.08% with $1 min. commission on US stocks $6.95
CFD (Gold) $0.60 0
Crypto 0 0
Options $0.75 0.65 per options contract fee
Conversion Fees 0,75% $75 transfer fee
Misc. Fees 0 0
Overnight Fees 0

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.7

1.9

See details
Minimum deposit (in UAE) $5000 0
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.9

4.9

See details
Shares 30.000 3700
ETF & Funds 5.800 13000
Crypto 9 0
Commodities 0 10
Indices 0 12
Options 3.000 0
Futures 300 70
Bonds 4.200 40000
Forex Instruments 200 70
CFD Indices & Funds 50 0
CFD Stocks 19.000 0
CFD Commodities 50 0
CFD Crypto 0 0
CFD Bonds 0 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.8

4.3

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.9

4.0

See details
Email
Phone
Live Chat
24/7 support
Multilingual English / Spanish
Personal Account Manager

Winner

Saxo Bank vs. TD Ameritrade Comparison Conclusion

The results of our comparison of Saxo Bank vs. TD Ameritrade are involved the table below.

Broker:Best For:
Saxo BankPremium Trades and CFD Trading
TD AmeritradeUS Stocks and ETFs

Picking the appropriate option between Saxo Bank and TD Ameritrade can be difficult. Both online brokers have similarities yet differ relating to trading tools, systems & applications, guideline, deposit & withdrawals, and research study and education and learning. Choosing the most effective broker depends upon users’ trading & financial investment goals, private choices, 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.

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