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TD Ameritrade vs City Index 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is TD Ameritrade better than City Index? In our analysis of 23 international regulators across 39 of the best forex brokers, TD Ameritrade FX is considered low-risk, with an overall Trust Score of 99 out of 99. City Index is considered low-risk, with an overall Trust Score of 99 out of 99. Learn more about Trust Score.

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Overall RatingTD AmeritradeCity IndexIG
Overall Rating5 Stars5 Stars5 Stars
Commissions & Fees4 Stars4.5 Stars5 Stars
Offering of Investments5 Stars5 Stars5 Stars
Platform & Tools5 Stars4.5 Stars5 Stars
Mobile Trading5 Stars5 Stars5 Stars
Research5 Stars4.5 Stars5 Stars
Education4.5 Stars4.5 Stars5 Stars
Trust Score999999
Winnercheck_circle
ReviewTD Ameritrade ReviewCity Index ReviewIG Review
RegulationTD AmeritradeCity IndexIG
Trust Score999999
Year Founded195519831974
Publicly Traded (Listed)YesYesYes
BankYesNoYes
Tier-1 Licenses437
Tier-2 Licenses022
Tier-3 Licenses011
Authorised in European UnionYesYesYes
About RegulationA “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)TD AmeritradeCity IndexIG
ASIC Authorised (Australia)NoYesYes
IIROC Authorised (Canada)NoYesNo
SFC Authorised (Hong Kong)YesNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)YesYesYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)YesYesYes
CFTC Registered (USA)YesNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)TD AmeritradeCity IndexIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)NoYesNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)NoNoYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)NoYesYes
Tier-3 Licenses (Low Trust)TD AmeritradeCity IndexIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)NoYesNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)NoNoNo
InvestmentsTD AmeritradeCity IndexIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)01350019537
Forex Pairs (Total)7384100
U.S. Stock Trading (Non CFD)YesNoYes
Int'l Stock Trading (Non CFD)YesNoYes
Social Trading / Copy TradingNoYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)NoYesYes
DisclaimersNote: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostTD AmeritradeCity IndexIG
Average Spread EUR/USD - Standard1.25 pips (September 2022)1.0 (July 2022)0.86 (September 2022)
All-in Cost EUR/USD - Active1.25 pips (September 2022)1.0 (July 2022)0.5957 (September 2022)
Active Trader or VIP DiscountsNoYesYes
Execution: Agency BrokerYesNoYes
Execution: Market MakerNoYesYes
FundingTD AmeritradeCity IndexIG
Minimum Initial Deposit$0£100.00£250.00
PayPal (Deposit/Withdraw)NoYesYes
Skrill (Deposit/Withdraw)NoNoNo
Visa/Mastercard (Credit/Debit)NoYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsTD AmeritradeCity IndexIG
Proprietary PlatformYesYesYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingNoYesYes
MetaTrader 4 (MT4)NoYesYes
MetaTrader 5 (MT5)NoNoNo
cTraderNoNoNo
DupliTradeNoNoNo
ZuluTradeNoNoNo
Trading ToolsTD AmeritradeCity IndexIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields5641114
Charting - Indicators / Studies (Total)3608833
Charting - Drawing Tools (Total)238120
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingTD AmeritradeCity IndexIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingYesYesYes
Mobile Charting - Indicators / Studies3608833
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveYesYesYes
Forex CalendarYesYesYes
ResearchTD AmeritradeCity IndexIG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)YesYesYes
AutochartistNoNoYes
Trading Central (Recognia)NoYesNo
Social Sentiment - Currency PairsNoYesYes
Economic CalendarYesYesYes
EducationTD AmeritradeCity IndexIG
Has Education - Forex or CFDsYesYesYes
Client WebinarsYesYesYes
Client Webinars (Archived)YesYesYes
Videos - Beginner Trading VideosYesYesYes
Videos - Advanced Trading VideosYesYesYes
Investor Dictionary (Glossary)YesYesYes
Major Forex PairsTD AmeritradeCity IndexIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewTD Ameritrade ReviewCity Index ReviewIG Review
OverallTD AmeritradeCity IndexIG
Overall Rating5 Stars5 Stars5 Stars
Commissions & Fees4 Stars4.5 Stars5 Stars
Offering of Investments5 Stars5 Stars5 Stars
Platform & Tools5 Stars4.5 Stars5 Stars
Mobile Trading5 Stars5 Stars5 Stars
Research5 Stars4.5 Stars5 Stars
Education4.5 Stars4.5 Stars5 Stars
Trust Score999999
Winnercheck_circle
ReviewTD Ameritrade ReviewCity Index ReviewIG Review
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TD Ameritrade vs City Index Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare TD Ameritrade vs City Index.

Does TD Ameritrade or City Index offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is TD Ameritrade or City Index safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. TD Ameritrade holds 4 global Tier-1 licenses, while City Index holds 3. City Index holds 2 global Tier-2 licenses, while TD Ameritrade holds 0. In our analysis of 23 international regulators across 50 brokers, TD Ameritrade and City Index earned the same Trust Score.

Which trading platform is better: TD Ameritrade or City Index?

To compare the trading platforms of both TD Ameritrade and City Index, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

City Index provides traders 84 currency pairs (e.g., EUR/USD) compared to TD Ameritrade's 73 available pairs. Forex pairs aside, City Index offers traders access to 13500 CFDs while TD Ameritrade has 0 available CFDs, a difference of 13500.

Can I trust TD Ameritrade?

TD Ameritrade FX is publicly-traded, does operate a bank, and is authorised by five tier-1 regulators (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). TD Ameritrade FX is authorised by the following tier-1 regulators: Investment Industry Regulatory Organization of Canada (IIROC), Securities Futures Commission (SFC), Monetary Authority of Singapore (MAS), Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC).

Can I trust City Index?

City Index is publicly traded, does not operate a bank, and is authorised by four tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). City Index is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Monetary Authority of Singapore (MAS), and the Financial Conduct Authority (FCA).

Is TD Ameritrade good?

TD Ameritrade’s thinkorswim platform offers over 70 tradeable currency pairs alongside a plethora of impressive tools, research, and education. For traders in the U.S., TD Ameritrade provides the ultimate trading technology experience.

Is City Index good?

Backed by StoneX Group, City Index is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.

Overall winner: IG

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

TD Ameritrade, Inc. and StockBrokers.com are separate, unaffiliated companies and are not responsible for each other’s services and products.
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