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Interactive Brokers vs TD Ameritrade 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

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

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Overall RatingInteractive BrokersTD AmeritradeIG
Overall Rating5 Stars5 Stars5 Stars
Commissions & Fees5 Stars4 Stars5 Stars
Offering of Investments5 Stars5 Stars5 Stars
Platform & Tools5 Stars5 Stars5 Stars
Mobile Trading5 Stars5 Stars5 Stars
Research5 Stars5 Stars5 Stars
Education4.5 Stars4.5 Stars5 Stars
Trust Score999999
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ReviewInteractive Brokers ReviewTD Ameritrade ReviewIG Review
RegulationInteractive BrokersTD AmeritradeIG
Trust Score999999
Year Founded197719551974
Publicly Traded (Listed)YesYesYes
BankNoYesYes
Tier-1 Licenses847
Tier-2 Licenses102
Tier-3 Licenses001
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)Interactive BrokersTD AmeritradeIG
ASIC Authorised (Australia)YesNoYes
IIROC Authorised (Canada)YesNoNo
SFC Authorised (Hong Kong)YesYesNo
CBI Authorised (Ireland)YesNoNo
FSA Authorised (Japan)YesNoYes
MAS Authorised (Singapore)YesYesYes
FINMA Authorised (Switzerland)YesNoYes
FCA Authorised (U.K.)YesYesYes
CFTC Registered (USA)YesYesYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)Interactive BrokersTD AmeritradeIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)NoNoNo
SEBI Authorised (India)YesNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)NoNoYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)NoNoYes
Tier-3 Licenses (Low Trust)Interactive BrokersTD AmeritradeIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)NoNoNo
InvestmentsInteractive BrokersTD AmeritradeIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)8500019537
Forex Pairs (Total)9073100
U.S. Stock Trading (Non CFD)YesYesYes
Int'l Stock Trading (Non CFD)YesYesYes
Social Trading / Copy TradingNoNoYes
Cryptocurrency (Physical)YesNoNo
Cryptocurrency (CFD)NoNoYes
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).
CostInteractive BrokersTD AmeritradeIG
Average Spread EUR/USD - Standard0.6 (Aug 2022)1.25 pips (September 2022)0.86 (September 2022)
All-in Cost EUR/USD - Active0.6 (Aug 2022)1.25 pips (September 2022)0.5957 (September 2022)
Active Trader or VIP DiscountsYesNoYes
Execution: Agency BrokerYesYesYes
Execution: Market MakerNoNoYes
FundingInteractive BrokersTD AmeritradeIG
Minimum Initial Deposit$0$0£250.00
PayPal (Deposit/Withdraw)NoNoYes
Skrill (Deposit/Withdraw)NoNoNo
Visa/Mastercard (Credit/Debit)NoNoYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsInteractive BrokersTD AmeritradeIG
Proprietary PlatformYesYesYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingNoNoYes
MetaTrader 4 (MT4)NoNoYes
MetaTrader 5 (MT5)NoNoNo
cTraderNoNoNo
DupliTradeNoNoNo
ZuluTradeNoNoNo
Trading ToolsInteractive BrokersTD AmeritradeIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields64056414
Charting - Indicators / Studies (Total)12836033
Charting - Drawing Tools (Total)852320
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingInteractive BrokersTD AmeritradeIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingYesYesYes
Mobile Charting - Indicators / Studies9736033
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveNoYesYes
Forex CalendarYesYesYes
ResearchInteractive BrokersTD AmeritradeIG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)YesYesYes
AutochartistNoNoYes
Trading Central (Recognia)YesNoNo
Social Sentiment - Currency PairsYesNoYes
Economic CalendarYesYesYes
EducationInteractive BrokersTD AmeritradeIG
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 PairsInteractive BrokersTD AmeritradeIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewInteractive Brokers ReviewTD Ameritrade ReviewIG Review
OverallInteractive BrokersTD AmeritradeIG
Overall Rating5 Stars5 Stars5 Stars
Commissions & Fees5 Stars4 Stars5 Stars
Offering of Investments5 Stars5 Stars5 Stars
Platform & Tools5 Stars5 Stars5 Stars
Mobile Trading5 Stars5 Stars5 Stars
Research5 Stars5 Stars5 Stars
Education4.5 Stars4.5 Stars5 Stars
Trust Score999999
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ReviewInteractive Brokers ReviewTD Ameritrade ReviewIG Review
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Interactive Brokers vs TD Ameritrade 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 Interactive Brokers vs TD Ameritrade.

Does Interactive Brokers or TD Ameritrade 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, Interactive Brokers offers better pricing overall for traders.

Is Interactive Brokers or TD Ameritrade 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. Interactive Brokers holds 8 global Tier-1 licenses, while TD Ameritrade holds 4. Interactive Brokers holds 1 global Tier-2 licenses, while TD Ameritrade holds 0. In our analysis of 23 international regulators across 50 brokers, Interactive Brokers and TD Ameritrade earned the same Trust Score.

Which trading platform is better: Interactive Brokers or TD Ameritrade?

To compare the trading platforms of both Interactive Brokers and TD Ameritrade, 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?

Interactive Brokers provides traders 90 currency pairs (e.g., EUR/USD) compared to TD Ameritrade's 73 available pairs. Forex pairs aside, Interactive Brokers offers traders access to 8500 CFDs while TD Ameritrade has 0 available CFDs, a difference of 8500.

Can I trust Interactive Brokers?

Interactive Brokers is publicly traded, does not operate a bank, and is authorised by nine tier-1 regulators (high trust), one tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Interactive Brokers is authorised by the following tier-1 regulators: Investment Industry Regulatory Organization of Canada (IIROC), Central Bank of Ireland (CBI), Securities Futures Commission (SFC), Japanese Financial Services Authority (JFSA), Financial Conduct Authority (FCA), Monetary Authority of Singapore (MAS), and the Commodity Futures Trading Commission (CFTC).

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).

Is Interactive Brokers good?

Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite.

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.

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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