ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure
Saxo Bank vs TD Ameritrade FX 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.
|
|
|
|
Get up to $600 + Trade Commission-Free for 60 Days Visit Site
|
||
| Visit Site |
Overall Rating
| Feature | Saxo Bank | TD Ameritrade FX |
| Overall | ||
| Saxo Bank Review | TD Ameritrade FX Review | |
| 69% of retail CFD accounts lose money | N/A of retail CFD accounts lose money |
Regulation
| Feature | Saxo Bank | TD Ameritrade FX |
| 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 FX |
|
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 |
Tier-2 Licenses
| Feature | Saxo Bank | TD Ameritrade FX |
|
CBRC Authorised (China) |
No | No |
|
CySEC Authorised (Cyprus) |
Yes | No |
|
ISA Authorised (Israel) |
No | No |
|
FMA Authorised (New Zealand) |
No | No |
|
CBR Authorised (Russia) |
No | No |
|
FSB Authorised (South Africa) |
Yes | No |
|
SEC Authorised (Thailand) |
No | No |
|
DFSA / Central Bank Authorised (UAE) |
Yes | No |
Tier-3 Licenses
| Feature | Saxo Bank | TD Ameritrade FX |
|
FSC Authorised (British Virgin Islands) |
No | No |
|
FSC Authorised (Mauritius) |
No | No |
|
Offshore Authorised |
No | No |
Investments
| Feature | Saxo Bank | TD Ameritrade FX |
|
Forex: Spot Trading |
Yes | Yes |
|
Currency Pairs (Total Forex pairs) |
182 | 75 |
|
CFDs - Total Offered |
32999 | 0 |
|
Cryptocurrency traded as actual |
No | No |
|
Cryptocurrency traded as CFD |
No | No |
| Offering of Investments | ||
| Winner | check_circle |
Cost
| Feature | Saxo Bank | TD Ameritrade FX |
|
Average Spread EUR/USD - Standard |
0.9 (as of Sep 18) | N/A |
|
All-in Cost EUR/USD - Active |
0.6 (as of Jun 17) | N/A |
|
Active Trader or VIP Discounts |
Yes | Yes |
| Commissions & Fees | ||
| Winner | check_circle |
Funding
| Feature | Saxo Bank | TD Ameritrade FX |
|
Minimum Initial Deposit |
$2,000.00 | $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 FX |
|
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 FX |
|
Virtual Trading (Demo) |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watchlists - Total Fields |
12 | 506 |
|
Charting - Indicators / Studies (Total) |
47 | 403 |
|
Charting - Drawing Tools (Total) |
17 | 20 |
|
Charting - Trade From Chart |
Yes | Yes |
|
Charting - Drawings Autosave |
Yes | Yes |
|
Order Type - Trailing Stop |
Yes | Yes |
| Platform & Tools | ||
| Winner | check_circle |
Mobile Trading
| Feature | Saxo Bank | TD Ameritrade FX |
|
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 | ||
| Winner | check_circle |
Research
| Feature | Saxo Bank | TD Ameritrade FX |
|
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 Trading / Copy-Trading |
Yes | Yes |
|
Social Sentiment - Currency Pairs |
Yes | No |
|
Economic Calendar |
Yes | Yes |
| Research | ||
| Winner | check_circle |
Education
| Feature | Saxo Bank | TD Ameritrade FX |
|
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 |
|
Tutorials/Guide (PDF or Interactive) |
Yes | Yes |
| Education | ||
| Winner | check_circle |
Major Forex Pairs
| Feature | Saxo Bank | TD Ameritrade FX |
|
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 |
|
USDCNH (or CNHUSD) |
Yes | No |
|
USDSGD (or SGDUSD) |
Yes | No |
Overall
| Feature | Saxo Bank | TD Ameritrade FX |
| Saxo Bank Review | TD Ameritrade FX Review | |
| Overall | ||
| 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
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.
