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TD Ameritrade vs Pepperstone 2022

BrokerNotes.co

Written by BrokerNotes.co

Last updated August 30, 2022
Published April 26, 2022

Trying to decide between TD Ameritrade and Pepperstone? Weโ€™ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, TD Ameritrade ranks more highly than Pepperstone.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. 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 expand_moreexpand_less TD Ameritrade Pepperstone XTB
Overall Rating 8.9 / 10 8 / 10 8.7 / 10
Account Type expand_moreexpand_less TD Ameritrade Pepperstone XTB
Standard Account Yes Yes Yes
Mini Account Yes Yes Yes
Micro Account Yes Yes Yes
Islamic Account No Yes Yes
Copy Trading expand_moreexpand_less TD Ameritrade Pepperstone XTB
Social Trading / Copy Trading No Yes Yes
DupliTrade No Yes No
ZuluTrade No No No
Cryptocurrency expand_moreexpand_less TD Ameritrade Pepperstone XTB
Cryptocurrency (Physical) No No No
Cryptocurrency (CFD) No Yes Yes
Bitcoin Yes Yes Yes
ethereum No Yes Yes
Forex Trading (Spot or CFDs) expand_moreexpand_less TD Ameritrade Pepperstone XTB
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Indices (Index CFDs) expand_moreexpand_less TD Ameritrade Pepperstone XTB
DAX No Yes Yes
Dow Jones No Yes Yes
FTSE No Yes Yes
NASDAQ 100 No Yes Yes
Nikkei No Yes Yes
SP 500 No Yes Yes
Investments expand_moreexpand_less TD Ameritrade Pepperstone XTB
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Spread Betting No Yes No
Social Trading / Copy Trading No Yes Yes
Metals No Yes Yes
Energies No Yes Yes
Agriculturals No Yes Yes
ETF No Yes No
U.S. Stocks (CFD) No Yes Yes
Trading Platforms expand_moreexpand_less TD Ameritrade Pepperstone XTB
Apple iOS App Yes Yes Yes
Android App Yes Yes Yes
Proprietary Platform Yes No Yes
Desktop Platform (Windows) Yes Yes Yes
Web Platform Yes Yes Yes
MetaTrader 4 (MT4) No Yes Yes
MetaTrader 5 (MT5) No Yes No
Regulatory Licenses expand_moreexpand_less TD Ameritrade Pepperstone XTB
Tier-1 Licenses 4 2 1
ASIC Authorised (Australia) No Yes No
IIROC Authorised (Canada) No No No
FCA Authorised (U.K.) Yes Yes Yes
SFC Authorised (Hong Kong) Yes No No
MAS Authorised (Singapore) Yes No No
FINMA Authorised (Switzerland) No No No
CFTC Registered (USA) Yes No No
Tier-2 Licenses 0 2 3
Tier-3 Licenses 0 1 1
Research, Education expand_moreexpand_less TD Ameritrade Pepperstone XTB
Trading Central (Recognia) No No No
Forex News (Top-Tier Sources) Yes Yes Yes
Daily Market Commentary Yes Yes Yes
Autochartist No Yes No
Investor Dictionary (Glossary) Yes Yes No
Videos - Beginner Trading Videos Yes Yes Yes
Client Webinars (Archived) Yes Yes Yes
Trading Costs expand_moreexpand_less TD Ameritrade Pepperstone XTB
Minimum Initial Deposit $0 $200 $0
Average Spread EUR/USD - Standard 1.26 pips (August 2021) 0.77 (November 2021) 0.9 (Q3 2021)
All-in Cost EUR/USD - Active 1.26 pips (August 2021) 0.87 (November 2021) 0.9 (Q3 2021)
Active Trader or VIP Discounts No Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes Yes
Visa/Mastercard (Credit/Debit) No Yes Yes
PayPal (Deposit/Withdraw) No Yes Yes
Trading Tools expand_moreexpand_less TD Ameritrade Pepperstone XTB
Watchlists - Total Fields 564 7 8
Mobile Watchlist Yes Yes Yes
Charting - Indicators / Studies (Total) 360 15 39
Mobile Charting - Indicators / Studies 360 30 39
Trust Factors expand_moreexpand_less TD Ameritrade Pepperstone XTB
Year Founded 1955 2010 2002
Publicly Traded (Listed) Yes No Yes
Bank Yes No No
Authorised in European Union Yes Yes Yes
Trust Score 99 93 95
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TD Ameritrade vs Pepperstone 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 Pepperstone.

Can I trust TD Ameritrade?

TD Ameritrade has a trust score of 99, giving it a "Highly Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are โ€“ in most cases โ€“ operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a โ€œDo Not Trustโ€ rating.

Can I trust Pepperstone?

Pepperstone has a trust score of 93, giving it a "Highly Trusted" trust label.

Is TD Ameritrade a good broker?

TD Ameritrade, part of financial conglomerate Charles Schwab, is a leader in platform technology and trusted by millions of investors globally with trillions in assets under its brands. Available exclusively to U.S. residents, TD Ameritrade's forex offering consists of just over 70 currency pairs, along with powerful research, trading tools, and comprehensive educational resources for investing.

Is Pepperstone a good broker?

Pepperstone offers numerous trading platforms (including for social copy trading) and tools for algorithmic traders, including the full MetaTrader suite. Traders gain access to high-quality research and an above-average range of markets.

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. TD Ameritrade is SFC Authorised (Hong Kong), MAS Authorised (Singapore), FCA Authorised (U.K.) and CFTC Registered (USA), while Pepperstone is ASIC Authorised (Australia) and FCA Authorised (U.K.)., neither have IIROC Authorised (Canada), CBI Authorised (Ireland), FSA Authorised (Japan), FMA Authorised (New Zealand) and FINMA Authorised (Switzerland)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, TD Ameritrade is none, while Pepperstone is CySEC Authorised (Cyprus) and DFSA / Central Bank Authorised (UAE)., neither have CBRC Authorised (China), NSE Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), FSCA Authorised (South Africa) and SEC Authorised (Thailand). When comparing tier-3 licenses TD Ameritrade is none, while Pepperstone is SCB Authorised (Bahamas)., neither have IFSC Authorised (Belize), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands), CIMA Authorised (Cayman Islands), FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

For trading platforms TD Ameritrade supports a Proprietary Platform and Desktop Platform (Windows), whereas Pepperstone supports a Desktop Platform (Windows), cTrader and DupliTrade., neither have ZuluTrade

Does TD Ameritrade offer MetaTrader? Does Pepperstone offer MetaTrader?

For MetaTrader TD Ameritrade provides neither of these, while Pepperstone provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

How do TD Ameritrade and Pepperstone differ in terms of minimum deposit? What about average spreads and funding options?

TD Ameritrade requires a minimum deposit of $0, while Pepperstone requires a minimum deposit of $200. From our testing we found TD Ameritrade offers spreads of 1.26 pips (August 2021), while Pepperstone offers spreads of 0.77 (November 2021). TD Ameritrade supports Bank Wire (Deposit/Withdraw) for popular funding options, where Pepperstone supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw).

Which brokers offers more tradeable asset classes, TD Ameritrade or Pepperstone?

TD Ameritrade offers a more diverse selection of investment options than Pepperstone allowing you to trade Forex Trading and Trading - Forex or CFDs. Looking at total tradeable symbols, TD Ameritrade has 0, compared to 1200 from Pepperstone.

Can I trade cryptocurrency with TD Ameritrade or Pepperstone?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative โ€” including spot forex contracts. In terms of trading physical cryptocurrency neither TD Ameritrade nor Pepperstone allow you to trade physical cryptocurrencies.

Who offers more research tools, TD Ameritrade or Pepperstone?

In terms of research and research tools TD Ameritrade gives traders the following tools: Daily Market Commentary, Stock Charts and Forex News (Top-Tier Sources). In comparison Pepperstone has the tools listed here: Autochartist, Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading., neither have Trading Central (Recognia)




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