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TD Ameritrade vs IC Markets 2024

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Written by ForexBrokers.com

August 29, 2023

Is TD Ameritrade better than IC Markets? In our analysis of 23 international regulators across 62 of the best forex brokers, TD Ameritrade FX is considered Highly Trusted, with an overall Trust Score of 99 out of 99. IC Markets is considered Trusted, with an overall Trust Score of 84 out of 99. Learn more about Trust Score.

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Compare

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Overall Rating TD Ameritrade IC Markets
Overall Rating info 5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 5/5 Stars
Offering of Investments 5/5 Stars 4.5/5 Stars
Platform & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score info 99 84
Winner check_circle
Review TD Ameritrade Review IC Markets Review
Broker Screenshots TD Ameritrade IC Markets
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation TD Ameritrade IC Markets
Trust Score info 99 84
Year Founded info 1955 2007
Publicly Traded (Listed) info Yes No
Bank info Yes No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes info
Tier-1 Licenses info 5 2
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 3
Tier-1 Licenses (Highly Trusted) TD Ameritrade IC Markets
Australia (ASIC Authorised) info No Yes
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info Yes No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes info
Tier-2 Licenses (Trusted) TD Ameritrade IC Markets
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments TD Ameritrade IC Markets
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 0 3583
Forex Pairs (Total) info 73 61
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info No Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info No Yes
Disclaimers 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).
Cost TD Ameritrade IC Markets
Average Spread EUR/USD - Standard info 1.25 info 0.62 info
All-in Cost EUR/USD - Active info 1.25 info 0.62 info
Active Trader or VIP Discounts info No Yes
Inactivity Fee info No No
Execution: Agency Broker info Yes Yes
Execution: Market Maker info No Yes
Funding TD Ameritrade IC Markets
Minimum Deposit info $0 $200
PayPal (Deposit/Withdraw) info No Yes
Skrill (Deposit/Withdraw) info No Yes
Visa/Mastercard (Credit/Debit) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Trading Platforms TD Ameritrade IC Markets
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info No Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No Yes
DupliTrade info No No
ZuluTrade info No Yes
Trading Tools TD Ameritrade IC Markets
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 564 7
Charting - Indicators / Studies (Total) info 360 30
Charting - Drawing Tools (Total) info 23 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading TD Ameritrade IC Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 360 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes Yes
Research TD Ameritrade IC Markets
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central (Recognia) info No Yes
TipRanks info Yes No
Social Sentiment - Currency Pairs info No Yes
Economic Calendar info Yes Yes
Education TD Ameritrade IC Markets
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs TD Ameritrade IC Markets
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review TD Ameritrade Review IC Markets Review
Overall TD Ameritrade IC Markets
Overall Rating info 5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 5/5 Stars
Offering of Investments 5/5 Stars 4.5/5 Stars
Platform & Tools 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score info 99 84
Winner check_circle
Review TD Ameritrade Review IC Markets Review
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TD Ameritrade vs IC Markets Comparison

We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. That same research and data powers our broker comparisons. Let's compare TD Ameritrade vs IC Markets.

Can I trust TD Ameritrade?

TD Ameritrade FX is publicly-traded, does operate a bank, and is authorised by five Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and zero Tier-4 regulators (High Risk). 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 IC Markets?

IC Markets is not publicly traded and does not operate a bank. IC Markets is authorised by two Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and two Tier-4 regulators (High Risk). IC Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and regulated in the European Union via the MiFID passporting system.

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 IC Markets good?

IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders.

What is the minimum deposit requirement for opening an account with TD Ameritrade?

To open a trading account with TD Ameritrade, you'll need to make an initial minimum deposit of $0.

What is the minimum deposit requirement for opening an account with IC Markets?

IC Markets requires a minimum deposit of $200 before you can open an account and start trading.

What funding options does each broker offer?

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. TD Ameritrade offers Bank Wire (Deposit/Withdraw) for banking, whereas IC Markets provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw).

Does TD Ameritrade or IC Markets offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that IC Markets offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

Is TD Ameritrade or IC Markets safer for forex and CFDs trading?

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that TD Ameritrade holds 5 global Tier-1 licenses, while IC Markets holds 2. Both TD Ameritrade and IC Markets hold 0 global Tier-2 licenses.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that TD Ameritrade (99) earned a higher Trust Score than IC Markets (84).

Which trading platform is better: TD Ameritrade or IC Markets?

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

Here’s what trading platforms are available at TD Ameritrade:

  • Proprietary Platform - Yes
  • Web Platform - Yes
  • cTrader - No
  • DupliTrade - No
  • MT4 - No
  • MT5 - No
  • ZuluTrade - No
  • TradingView - No

Here’s what trading platforms are available at IC Markets:

  • Proprietary Platform - No
  • Web Platform - Yes
  • cTrader - Yes
  • DupliTrade - No
  • MT4 - Yes
  • MT5 - Yes
  • ZuluTrade - Yes
  • TradingView - Yes

What about MetaTrader? How about copy trading?

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. IC Markets offers MetaTrader 4 (MT4), while TD Ameritrade does not. Forex traders also appreciate the ability to engage in social copy trading. While IC Markets offers copy trading, TD Ameritrade does not.

What can I trade with each broker?

TD Ameritrade provides traders 73 currency pairs (e.g., EUR/USD) compared to IC Markets's 61 available pairs. If you are interested in trading CFDs, IC Markets offers traders access to 3583 CFDs, while TD Ameritrade offers access to 0 CFDs; so IC Markets offers 3583 more CFDs than TD Ameritrade.

We found in our testing that TD Ameritrade offers a more diverse selection of investment options than IC Markets, allowing you to trade Forex Trading (Spot or CFDs) and Int'l Stock Trading (Non CFD). Neither have Cryptocurrency (Physical) and Spread Betting.

Overall winner: TD Ameritrade

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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.


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