Saxo Bank vs. TD Ameritrade

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Saxo Bank and TD Ameritrade are leading online brokers with impressive trading experiences. Saxo Bank offers superior market research and a top-tier trading platform. It has a transparent fee structure and VIP discounts. Saxo Bank has licenses from the SFC, FSA, ASIC, MAS, FINMA, and FCA. We recommend it for active traders of all levels of experience. 

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Saxo

Saxo Bank

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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 $100 / 6months 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 1 1.3 pips
Stocks & ETF $1 $6.95
CFD (Gold) $0.60 0
Crypto 0 0
Options $1.25 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) $2000 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 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

TD Ameritrade is the leading US-based stockbroker with a user-friendly platform. It offers competitive prices, and it has a presence on a stock exchange. It is a top choice for both beginner and experienced traders, as it has powerful learning resources and professional tools. TD Ameritrade is only available to US citizens or permanent residents. 

Both brokerage firms have strengths and weaknesses. This article discusses the differences between Saxo Bank and TD Ameritrade. 

Top findings from the Saxo Bank vs. TD Ameritrade review:  

  1. Saxo Bank is a safe, professional broker with a premium trading experience. 
  2. TD Ameritrade is a top-tier online broker with an impressive learning center. 
  3. Both brokers offer an active trader discount and a demo account. 

Saxo Bank is a top choice for active traders of all levels of experience because of its resources. TD Ameritrade is a better choice for new traders based in the USA, as it offers reliable learning tools. 

Level of experience  

Saxo Bank offers a diverse range of professional and beginner-friendly tools. It offers forex and CFD education, trading videos, and webinars. Saxo Bank is a top choice for active traders for both beginner and experienced traders. 

TD Ameritrade offers many educational tools, including Paper Trading. It has well-designed platforms and premium trading tools. TD Ameritrade is only available to traders based in the USA. 

Fees  

Saxo Bank has an initial deposit fee of US$10,000, while new accounts are free at TD Ameritrade. The average EUR/USD spread at Saxo Bank is 0.8, while at TD Ameritrade is 1.06. Both brokers have a transparent fee structure. 

Assets  

Saxo Bank offers 170 forex currency pairs, while TD Ameritrade has 73 available pairs. Saxo Bank has 9000 CFDs, while TD Ameritrade has 0 available CFDs. 

Trading platform  

Saxo Bank has proprietary platforms for web, desktop, and mobile environments. It offers MT4 and social trading tools. Saxo Bank has a virtual trading account, watch lists, and charting tools. It is a good fit for traders looking for an excellent mobile trading experience. Saxo Bank has many charting tools and a forex calendar. 

TD Ameritrade is a top choice for beginner traders. It has excellent trading platforms with a focus on learning tools. TD Ameritrade offers an excellent experience with superior market data and trading ideas. This broker offers a virtual trading account and social trading tools.   

Banking services  

Banking services are useful for traders of all levels of experience. Saxo Bank is a fully licensed and regulated bank. It offers bank wire and credit/debit card funding. TD Ameritrade has a banking history and a presence on the NASDAQ stock exchange. It allows ACH bank transfers as its funding option. 

Final verdict  

Saxo Bank and TD Ameritrade are leading online brokers. Both have strengths and weaknesses depending on your trading style and experience. Saxo Bank is a top choice for active traders, as it offers premium trading tools and platforms. We recommend TD Ameritrade to US-based beginner traders because of its reliable educational tools. 

Saxo Bank compared to other brokers:

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