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TD Ameritrade vs Vantage 2022

BrokerNotes.co

Written by BrokerNotes.co

Last updated August 30, 2022
Published April 26, 2022

Trying to decide between TD Ameritrade and Vantage? 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 Vantage.

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 Vantage IG
Overall Rating 8.9 / 10 7.4 / 10 9.7 / 10
Account Type expand_moreexpand_less TD Ameritrade Vantage IG
Standard Account Yes Yes Yes
Mini Account Yes Yes Yes
Micro Account Yes Yes Yes
Islamic Account No Yes No
Copy Trading expand_moreexpand_less TD Ameritrade Vantage IG
Social Trading / Copy Trading No Yes Yes
DupliTrade No Yes No
ZuluTrade No Yes No
Cryptocurrency expand_moreexpand_less TD Ameritrade Vantage IG
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 Vantage IG
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Indices (Index CFDs) expand_moreexpand_less TD Ameritrade Vantage IG
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 Vantage IG
Forex Trading Yes Yes Yes
Trading - Forex or CFDs Yes Yes Yes
Spread Betting No Yes Yes
Social Trading / Copy Trading No Yes Yes
Metals No Yes Yes
Energies No Yes Yes
Agriculturals No Yes Yes
ETF No No Yes
U.S. Stocks (CFD) No Yes Yes
Trading Platforms expand_moreexpand_less TD Ameritrade Vantage IG
Apple iOS App Yes Yes Yes
Android App Yes Yes Yes
Proprietary Platform Yes Yes 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 Vantage IG
Tier-1 Licenses 4 2 7
ASIC Authorised (Australia) No Yes Yes
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 Yes
FINMA Authorised (Switzerland) No No Yes
CFTC Registered (USA) Yes No Yes
Tier-2 Licenses 0 0 2
Tier-3 Licenses 0 2 1
Research, Education expand_moreexpand_less TD Ameritrade Vantage IG
Trading Central (Recognia) No Yes No
Forex News (Top-Tier Sources) Yes Yes Yes
Daily Market Commentary Yes Yes Yes
Autochartist No No Yes
Investor Dictionary (Glossary) Yes Yes Yes
Videos - Beginner Trading Videos Yes No Yes
Client Webinars (Archived) Yes No Yes
Trading Costs expand_moreexpand_less TD Ameritrade Vantage IG
Minimum Initial Deposit $0 $200 ยฃ250.00
Average Spread EUR/USD - Standard 1.26 pips (August 2021) 1.22 (August 2021) 0.828 (September 2021)
All-in Cost EUR/USD - Active 1.26 pips (August 2021) 0.75 (August 2021) 0.365 (May 2020)
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 No Yes
Trading Tools expand_moreexpand_less TD Ameritrade Vantage IG
Watchlists - Total Fields 564 7 14
Mobile Watchlist Yes Yes Yes
Charting - Indicators / Studies (Total) 360 30 32
Mobile Charting - Indicators / Studies 360 30 32
Trust Factors expand_moreexpand_less TD Ameritrade Vantage IG
Year Founded 1955 2009 1974
Publicly Traded (Listed) Yes No Yes
Bank Yes No Yes
Authorised in European Union Yes Yes Yes
Trust Score 99 83 99
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TD Ameritrade vs Vantage 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 Vantage.

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 Vantage?

Vantage has a trust score of 83, giving it a "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 Vantage a good broker?

Vantage is a trusted brand that offers a growing range of markets along with support for the MetaTrader platform suite, social copy-trading platforms, full integration with TradingView, and a proprietary mobile app. That said, its educational content and market research materials can't compete with the best forex brokers.

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 Vantage 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, unfortunately, neither TD Ameritrade nor Vantage are CBRC Authorised (China), CySEC Authorised (Cyprus), NSE Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), FSCA Authorised (South Africa), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE)., neither have DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses TD Ameritrade is none, while Vantage is CIMA Authorised (Cayman Islands) and VFSC Authorised (Vanuatu)., neither have SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands) and FSC Authorised (Mauritius).

Which broker offers more trading platforms?

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

Does TD Ameritrade offer MetaTrader? Does Vantage offer MetaTrader?

For MetaTrader TD Ameritrade provides neither of these, while Vantage 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 Vantage differ in terms of minimum deposit? What about average spreads and funding options?

TD Ameritrade requires a minimum deposit of $0, while Vantage requires a minimum deposit of $200. From our testing we found TD Ameritrade offers spreads of 1.26 pips (August 2021), while Vantage offers spreads of 1.22 (August 2021). TD Ameritrade supports Bank Wire (Deposit/Withdraw) for popular funding options, where Vantage supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw)., neither have PayPal (Deposit/Withdraw)

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

TD Ameritrade offers a more diverse selection of investment options than Vantage allowing you to trade Forex Trading and Trading - Forex or CFDs., neither have ETF Looking at total tradeable symbols, TD Ameritrade has 0, compared to 257 from Vantage.

Can I trade cryptocurrency with TD Ameritrade or Vantage?

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 Vantage allow you to trade physical cryptocurrencies.

Who offers more research tools, TD Ameritrade or Vantage?

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 Vantage has the tools listed here: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading., neither have Autochartist




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