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TD Ameritrade vs Trade360 2022

BrokerNotes.co

Written by BrokerNotes.co

November 08, 2022

Trying to decide between TD Ameritrade and Trade360? 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 Trade360.

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 RatingTD AmeritradeTrade360XTB
Overall Rating8.9 / 107 / 108.7 / 10
Account TypeTD AmeritradeTrade360XTB
Standard Trade Size (100,000 units)YesYesYes
Mini Trade Size (10,000 units)YesYesYes
Micro Trade Size (1,000 units)YesYesYes
Islamic AccountNoYesYes
Copy TradingTD AmeritradeTrade360XTB
Social Trading / Copy TradingNoYesYes
DupliTradeNoNoNo
ZuluTradeNoNoNo
CryptocurrencyTD AmeritradeTrade360XTB
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)NoYesYes
BitcoinYesYesYes
ethereumNoYesYes
Forex Trading (Spot or CFDs)TD AmeritradeTrade360XTB
Forex Trading (Spot or CFDs)YesYesYes
Mobile Trading - Forex or CFDsYesYesYes
Indices (Index CFDs)TD AmeritradeTrade360XTB
DAXNoYesYes
Dow JonesNoYesYes
FTSENoYesYes
NASDAQ 100NoYesYes
NikkeiNoYesYes
SP 500NoYesYes
InvestmentsTD AmeritradeTrade360XTB
Forex Trading (Spot or CFDs)YesYesYes
Spread BettingNoNoNo
Social Trading / Copy TradingNoYesYes
MetalsNoYesYes
EnergiesNoYesYes
AgriculturalsNoNoYes
ETFNoYesNo
U.S. Stocks (CFD)NoYesYes
Trading PlatformsTD AmeritradeTrade360XTB
Apple iOS AppYesYesYes
Android AppYesYesYes
Proprietary PlatformYesYesYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
MetaTrader 4 (MT4)NoNoYes
MetaTrader 5 (MT5)NoYesNo
Regulatory LicensesTD AmeritradeTrade360XTB
Tier-1 Licenses411
ASIC Authorised (Australia)NoYesNo
IIROC Authorised (Canada)NoNoNo
FCA Authorised (U.K.)YesNoYes
SFC Authorised (Hong Kong)YesNoNo
MAS Authorised (Singapore)YesNoNo
FINMA Authorised (Switzerland)NoNoNo
CFTC Registered (USA)YesNoNo
Tier-2 Licenses013
Tier-3 Licenses001
Research, EducationTD AmeritradeTrade360XTB
Trading Central (Recognia)NoYesNo
Forex News (Top-Tier Sources)YesNoYes
Daily Market CommentaryYesYesYes
AutochartistNoNoNo
Investor Dictionary (Glossary)YesNoNo
Videos - Beginner Trading VideosYesNoYes
Client Webinars (Archived)YesNoYes
Trading CostsTD AmeritradeTrade360XTB
Minimum Initial Deposit$0$250$0
Average Spread EUR/USD - Standard1.25 pips (September 2022)N/A1.07 (Q3 2022)
All-in Cost EUR/USD - Active1.25 pips (September 2022)N/A1.04 (Q3 2022)
Active Trader or VIP DiscountsNoNoYes
Bank Wire (Deposit/Withdraw)YesYesYes
Visa/Mastercard (Credit/Debit)NoYesYes
PayPal (Deposit/Withdraw)NoYesYes
Trading ToolsTD AmeritradeTrade360XTB
Watchlists - Total Fields56478
Mobile WatchlistYesNoYes
Charting - Indicators / Studies (Total)3603039
Mobile Charting - Indicators / Studies36011639
Trust FactorsTD AmeritradeTrade360XTB
Year Founded195520122002
Publicly Traded (Listed)YesNoYes
BankYesNoNo
Authorised in European UnionYesYesYes
Trust Score997595
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TD Ameritrade vs Trade360 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 Trade360.

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 Trade360?

Trade360 has a trust score of 75, giving it a "Average Risk" 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 Trade360 a good broker?

Trade360 offers a growing range of markets and its own proprietary platform suite, alongside support for MetaTrader 5. However, spreads are higher than the industry average, and the scope of educational resources and research content are limited.

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 Trade360 is ASIC Authorised (Australia)., 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 Trade360 is CySEC Authorised (Cyprus)., neither have CBRC Authorised (China), SEBI Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), FSCA Authorised (South Africa), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses unfortunately, neither TD Ameritrade nor Trade360 are SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands), CIMA Authorised (Cayman Islands), FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu)., neither have VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

Both TD Ameritrade and Trade360 offer a Proprietary Platform and Desktop Platform (Windows)., neither have cTrader, DupliTrade and ZuluTrade

Does TD Ameritrade offer MetaTrader? Does Trade360 offer MetaTrader?

For MetaTrader TD Ameritrade provides neither of these, while Trade360 provides MetaTrader 5 (MT5). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers., neither have MetaTrader 4 (MT4)

How do TD Ameritrade and Trade360 differ in terms of minimum deposit? What about average spreads and funding options?

TD Ameritrade requires a minimum deposit of $0, while Trade360 requires a minimum deposit of $250. From our testing we found TD Ameritrade offers spreads of 1.25 pips (September 2022), while Trade360 offers spreads of N/A. TD Ameritrade supports Bank Wire (Deposit/Withdraw) for popular funding options, where Trade360 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 Trade360?

TD Ameritrade offers a more diverse selection of investment options than Trade360 allowing you to trade Forex Trading (Spot or CFDs)., neither have Spread Betting and Agriculturals Looking at total tradeable symbols, TD Ameritrade has 0, compared to 1062 from Trade360.

Can I trade cryptocurrency with TD Ameritrade or Trade360?

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 Trade360 allow you to trade physical cryptocurrencies.

Who offers more research tools, TD Ameritrade or Trade360?

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 Trade360 has the tools listed here: Daily Market Commentary, Stock Charts, Trading Central (Recognia) and Social Trading / Copy Trading., neither have Autochartist

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