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Saxo Bank vs TD Ameritrade Forex 2019

Is Saxo Bank better than TD Ameritrade FX? After scoring forex brokers on nearly 100 different variables, Saxo Bank is better than TD Ameritrade FX. Traders seeking a large selection of instruments and asset classes across global financial markets will not be disappointed with the range of premium services Saxo Bank offers, including research, active trader pricing, and wealth management services that cater to investors’ needs. Saxo Bank was our #1 broker in multiple categories in 2019.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Overall Rating

Feature Saxo Bank TD Ameritrade Forex
Overall 4.5 4.5
Saxo Bank Review TD Ameritrade Forex Review
69% of retail CFD accounts lose money N/A of retail CFD accounts lose money

Regulation

Feature Saxo Bank TD Ameritrade Forex
Trust Score 98 96
Year Founded
1992 1955
Publicly Traded (Listed)
No Yes
Bank
Yes Yes
Tier-1 Licenses
6 5
Tier-2 Licenses
1 0
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature Saxo Bank TD Ameritrade Forex
ASIC Authorised (Australia)
Yes No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
Yes Yes
FSA Authorised (Japan)
Yes No
MAS Authorised (Singapore)
Yes Yes
FINMA Authorised (Switzerland)
Yes No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No Yes

Investments

Feature Saxo Bank TD Ameritrade Forex
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
182 75
CFDs - Total Offered
35000 0
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
No No
Offering of Investments 4.5 4
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Cost

Feature Saxo Bank TD Ameritrade Forex
Average Spread EUR/USD - Standard
0.6 (as of Sep 19) N/A
All-in Cost EUR/USD - Active
0.6 (as of Sep 19) N/A
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 4.5 4
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Funding

Feature Saxo Bank TD Ameritrade Forex
Minimum Initial Deposit
$10,000.00 $0.00
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes No
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
No No

Trading Platforms

Feature Saxo Bank TD Ameritrade Forex
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes No
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
No No
MetaTrader 5 (MT5)
No No
cTrader
No No

Trading Tools

Feature Saxo Bank TD Ameritrade Forex
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
12 506
Charting - Indicators / Studies (Total)
55 403
Charting - Drawing Tools (Total)
19 20
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 4.5 4.5
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Mobile Trading

Feature Saxo Bank TD Ameritrade Forex
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes No
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
41 397
Charting - Draw Trend Lines
Yes No
Charting - Trend Lines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes Yes
Forex Calendar
Yes Yes
Mobile Trading 4.5 4
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Research

Feature Saxo Bank TD Ameritrade Forex
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes No
AutoChartist
Yes No
Trading Central (Recognia)
No No
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes
Research 4.5 4.5
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Education

Feature Saxo Bank TD Ameritrade Forex
Has Education - Forex
Yes Yes
Has Education - CFDs
Yes No
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes No
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes No
Investor Dictionary (Glossary)
Yes Yes
Education 4 4
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Major Forex Pairs

Feature Saxo Bank TD Ameritrade Forex
GBP/USD
Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
Yes Yes
USD/CAD
Yes Yes
NZD/USD
Yes Yes
AUD/USD
Yes Yes

Overall

Feature Saxo Bank TD Ameritrade Forex
Saxo Bank Review TD Ameritrade Forex Review
Overall 4.5 4.5
Winner check_circle
To find the top fx brokers, the team here at ForexBrokers.com collected over 2,200 data points during a several month review of the forex industry. In this fx broker comparison, we will compare Saxo Bank vs TD Ameritrade FX.

To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. Saxo Bank's score is 4.50 stars versus TD Ameritrade FX's 4.00 stars.

Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. Saxo Bank and TD Ameritrade FX both are regulated in a major hub. TD Ameritrade FX is a publicly traded company, while Saxo Bank is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Saxo Bank boasts an offering of 182 different currency pairs compared to TD Ameritrade FX's 75 available pairs.

To round out our comparison of Saxo Bank vs TD Ameritrade FX, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Neither Saxo Bank and TD Ameritrade FX offer Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. TD Ameritrade FX offers its clients access to 20 charting tools while Saxo Bank has 17 charting tools, a difference of 3. TD Ameritrade FX boasts an offering of 403 different indicators (for example, moving averages) compared to Saxo Bank's 47 available indicators.

Saxo Bank Review
TD Ameritrade FX Review


Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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