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Saxo Bank vs TD Ameritrade 2022

April 26, 2022
Last modified May 10, 2022

Saxo Bank is better than TD Ameritrade.

Trying to decide between Saxo Bank and TD Ameritrade? We’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.

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Overall Rating expand_moreexpand_less Saxo Bank TD Ameritrade AvaTrade
Overall Rating star 9.5 / 10 star 8.9 / 10 star 8.2 / 10
Account Type expand_moreexpand_less Saxo Bank TD Ameritrade AvaTrade
Standard Account Yes Yes Yes
Mini Account Yes Yes Yes
Micro Account Yes Yes Yes
Islamic Account No No Yes
Copy Trading expand_moreexpand_less Saxo Bank TD Ameritrade AvaTrade
Social Trading / Copy Trading Yes No Yes
DupliTrade No No Yes
ZuluTrade No No Yes
Cryptocurrency expand_moreexpand_less Saxo Bank TD Ameritrade AvaTrade
Cryptocurrency (Physical) No No No
Crypto Trading No No No
Bitcoin Yes Yes Yes
ethereum Yes No Yes
Forex Trading expand_moreexpand_less Saxo Bank TD Ameritrade AvaTrade
Forex Trading No No No
Trading - Forex or CFDs Yes Yes Yes
Indices (Index CFDs) expand_moreexpand_less Saxo Bank TD Ameritrade AvaTrade
DAX Yes No Yes
Dow Jones Yes No Yes
FTSE Yes No Yes
NASDAQ 100 Yes No Yes
Nikkei Yes No Yes
SP 500 Yes No Yes
Investments expand_moreexpand_less Saxo Bank TD Ameritrade AvaTrade
Forex Trading No No No
Trading - Forex or CFDs Yes Yes Yes
Spread Betting No No Yes
Social Trading / Copy Trading Yes No Yes
Metals Yes No Yes
Energies Yes No Yes
Agriculturals Yes No Yes
ETF Yes No No
U.S. Stocks (CFD) Yes No Yes
Trading Platforms expand_moreexpand_less Saxo Bank TD Ameritrade AvaTrade
Android App No No No
Apple iOS App Yes Yes Yes
Proprietary Platform Yes Yes Yes
Desktop Platform (Windows) No No No
Web Platform No No No
MetaTrader 4 (MT4) Yes No Yes
MetaTrader 5 (MT5) No No Yes
Regulatory Licenses expand_moreexpand_less Saxo Bank TD Ameritrade AvaTrade
Tier-1 Licenses 6 4 4
ASIC Authorised (Australia) Yes No Yes
IIROC Authorised (Canada) No No Yes
FCA Authorised (U.K.) Yes Yes No
SFC Authorised (Hong Kong) Yes Yes No
MAS Authorised (Singapore) Yes Yes No
FINMA Authorised (Switzerland) Yes No No
CFTC Registered (USA) No Yes No
Tier-2 Licenses 1 0 3
Tier-3 Licenses 0 0 1
Research, Education expand_moreexpand_less Saxo Bank TD Ameritrade AvaTrade
Trading Central (Recognia) No No Yes
Forex News (Top-Tier Sources) Yes Yes Yes
Daily Market Commentary Yes Yes Yes
Autochartist Yes No No
Investor Dictionary (Glossary) Yes Yes Yes
Videos - Beginner Trading Videos Yes Yes Yes
Client Webinars (Archived) Yes Yes Yes
Trading Costs expand_moreexpand_less Saxo Bank TD Ameritrade AvaTrade
Minimum Deposit $2,000 $0 $100
Average Spread EUR/USD - Standard 0.8 (August 2020) 1.26 pips (August 2021) 0.91 (Aug 2020)
All-in Cost EUR/USD - Active 0.6 (August 2020) 1.26 pips (August 2021) 0.61 (Aug 2020)
Active Trader or VIP Discounts Yes No Yes
Bank Wire (Deposit/Withdraw) Yes Yes Yes
Visa/Mastercard (Credit/Debit) Yes No Yes
PayPal (Deposit/Withdraw) No No Yes
Trading Tools expand_moreexpand_less Saxo Bank TD Ameritrade AvaTrade
Watchlists - Total Fields 62 564 6
Mobile Watchlist Yes Yes Yes
Charting - Indicators / Studies (Total) 62 360 90
Mobile Charting - Indicators / Studies (INTL) 62 360 73
Trust Factors expand_moreexpand_less Saxo Bank TD Ameritrade AvaTrade
Year Founded 1992 1955 2006
Publicly Traded (Listed) No Yes No
Bank Yes Yes No
Authorised in European Union Yes Yes Yes
Trust Score 99 99 93
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