XM Group vs. TD Ameritrade

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XM Group and TD Ameritrade are top brokerage firms. XM Group is a secure broker with licenses from the ASIC, CySEC, FCA, and IFSC. XM Offers access to the MetaTrader suite and leading educational content. It is a good fit for new traders who want to improve their trading knowledge. 

TD Ameritrade is a leading US-based stockbroker with excellent platforms. It has a competitive fee structure and versatile portfolio. TD Ameritrade has many learning tools, which is why we recommend it for new investors. 

Broker NameXM GroupTD Ameritrade
Year Founded20091975
RegulationASIC, FCA, CySEC, IFSCSEC, CFTC, FINRA
Tradable AssetsForex, CFDFutures, Bond, Fund, Forex, Stock, ETF, Options
Min Deposit$5-100$0
Min Trade$0Low
PlatformsMT4, MT5iOS and Android
DepositFree of chargeFree for US residents, wire transfer for non US
WithdrawalsFree of chargeFree for US residents, wire transfer for non US

Top findings from the XM Group vs. TD Ameritrade review:  

  1. XM is a beginner-friendly brokerage firm with a valuable learning center. 
  1. TD Ameritrade is a trustworthy online broker with many learning and research tools. 
  1. Both brokers offer a virtual trading account to test their offering. 

XM Group and TD Ameritrade are trustworthy brokers with access to reliable learning materials. Both offer tutorials and beginner videos. XM and TD Ameritrade are a top choice for beginner traders. 

Level of experience  

XM Group offers access to the complete MetaTrader suite. This comes with user-friendly interfaces and valuable tools. XM has investor trading support and a demo account. 

TD Ameritrade offers many educational materials, paper trading, and other useful learning tools. It has user-friendly platforms with intuitive interfaces. 

Fees  

The minimum deposit fee at XM Group starts at $5, while TD Ameritrade does not charge a fee. The average EUR/USD spread at XM is 1.6, while at TD Ameritrade is 1.06. 

Assets  

TD Ameritrade provides 73 forex currency pairs, while XM has 57 available pairs. XM Has 1372 CFDs while has no available CFDs. 

Trading platform  

XM has the MT4 and MT5 suites, but it doesn’t offer a proprietary platform. These suites are customizable, user-friendly, and intuitive. XM has valuable research and educational center with articles and trading signals. 

TD Ameritrade has proprietary platforms focused on learning tools. It offers access to professional research and educational data on all its platforms. It offers webinars, articles, and many research tools. 

Banking services  

Banking services are an asset for traders of all levels of experience. XM Group has many funding options, including bank transfers, credit/debit cards, and Skrill. TD Ameritrade has one funding solution, bank transfers. 

Final verdict  

XM Group and TD Ameritrade are top brokerage firms in 2021 with beginner-friendly services. Both have advantages and disadvantages depending on your trading style and goals. XM is a good choice for new investors who want access to reliable learning tools. We recommend TD Ameritrade for traders at all levels because of its comprehensive offer. 

XM compared to other brokers:

XM review


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.