Broker comparison between IC Markets vs TD Ameritrade
Do you want to figure out which is the better broker, ic-markets or td-ameritrade?
In the following table, you can compare the features of ic-markets and td-ameritrade side by side to determine the best fit for your trading needs.
Which broker is more reliable?
You can determine the reliability and credibility of a broker by checking four factors:
1.Forex broker introduction.
2.Does ic-markets or td-ameritrade have a lower transaction costs and fees?
3.Which broker is safer?
4.Which broker provides better trading platform?
Based on these four factors, we believe that ic-markets and td-ameritrade are both reliable. We analyze the reasons as following:
Forex broker introduction
General Information & Regulation of IC Markets
Raw Trading Ltd registered in Seychelles with registration number: 8419879-2, is regulated by the Financial Services Authority of Seychelles with License number: SD018. Other entities of the group include:International Capital Markets Pty Ltd with registration number 123 289 109, regulated by the Australian Securities and Investments Commission with License No. 335692; IC Markets (EU) Ltd is a limited company registered in Cyprus and is regulated by the Cyprus Securities and Exchange Commission with License No. 362/18; IC Markets Ltd, registered in The Bahamas with registration number 76823 C, is regulated by the Securities Commission of The Bahamas with License No. SIA-F214.
IC Markets offers investors a diversified range of investment assets, mainly popular currency pairs in the foreign exchange market, commodities, indices, bonds, cryptocurrencies, stocks, futures.
To meet different investors' investment needs and trading experience, IC Markets offers three different types of accounts, which are Raw Spread Accounts (cTrader), Raw Spread Accounts, and Standard Accounts. The minimum deposit for the three types of accounts is €200,
IC Markets Leverage
IC Markets offer the highest leverage level of up to 500:1 from its offshore FSA regulatory division in the Seychelles. This leverage varies across the brokers 65 currency pairs and other CFDs (such as cryptocurrencies). The brokers offshore branch offers the following leverage:
Forex, gold and commodities 500:1
Indices, futures and bonds 200:1
Spreads & Commissions
The spreads on the original spread account (cTrader) start from 0.0 pips, and the commission is €3/ per 100K traded. The spreads on the original spread account start from 0.0 pips, and the commission is €3.50/100K volume. Standard accounts have spread from 1.0 pips and no commission.
IC Markets offers traders the MT4, MT5, and cTrader trading software to meet a wide range of user needs. MT4 is currently the most popular trading platform with a highly customizable, user-friendly interface with several technical indicators and data analysis tools to help traders develop different trading strategies. MT5 is the latest version of MT4 and has all the positive features of MT4 with more powerful trading capabilities. cTrader is a platform specifically designed for high-speed execution through which traders can trade global markets. cTrader's independent design, elegant interface, and advanced features make it a favorite among freelance traders.
Deposit and withdrawal
IC Markets supports traders to deposit and withdraw funds to their investment accounts via VISA, MasterCard, NETELLER, Skrill, and wire transfer.
IC Markets offers 24/7 customer support via a range of contact methods. Local customer support is available from their Sydney office at Level 6 309 Kent Street Sydney, NSW 2000. CFD traders can reach them through different channels like email, Skype or by phone. Their Sydney response time is within 15 minutes based on our enquiries with the most complex issues solved within a day. Live chat customer service is also offered by the CFD provider.
General Information & Regulation
TD Ameritrade Hong Kong Ltd. is registered with the Securities and Futures Commission (CE number BJO462) to carry out the regulated activities of dealing in securities and dealing in futures contracts and does not provide tax, legal or investment advice or recommendations. TD Ameritrade in Hong Kong enables retail investors to trade the U.S. markets by providing access to cutting edge trading technology, discount commission rates, free education, and outstanding customer service. TD Ameritrade, Inc., member FINRA/SIPC, and a subsidiary of The Charles Schwab Corporation. TD Ameritrade is a trademark jointly owned by TD Ameritrade IP Company, Inc. and The Toronto-Dominion Bank.
On 28 February 2022, TD Ameritrade Hong Kong will close and will no longer maintain accounts.
TD Ameritrade clients can trade a wide variety of assets on the web platform as well as the mobile apps. This includes exchanged-traded funds (ETFs), stocks, options, futures, and cryptocurrency.
TD Ameritrade offers two brokerage account: Individual, and Joint Account. The individual account include the Margin account and Cash account. The minimum initial deposit to open a margin account is 2000USD, while the Cash account requires no minimum deposit.
Stocks & ETFs
Trade unlimited shares for $0.00 per trade. Note: $0 commission applies to U.S. exchange-listed stocks and ETFs. A USD$6.95 commission applies to online trades of over-the-counter (OTC) stocks.
USD$0.65 per contract, with no ticket charge, exercise or assignment fees. Option fees are waived when you buy to close any short individual or single leg option for USD$0.05 or less.
Futures & Futures Options
USD$2.25 per contract (plus exchange & regulatory fees).
Exchange and Regulatory Fees
Exchange fees vary by exchange and by product. Please visit the appropriate exchange for a list of the associated fees. Please note, the National Futures Association (NFA) also charges a fee of USD$0.01 per contract.
TD Ameritrade offers margin accounts to help provide clients with leverage.
Trading Platform Available
TD Ameritrade offers traders thinkorswim trading platform, available in Desktop, Web and Mobile devices.
TD Ameritrade allows clients to fund their account with FPS transfers, a cheque deposit, telegraphic transfer (international wire), or through an account transfer from another broker (ACAT). All deposits must be made in U.S dollars.
TD Ameritrade offers an average customer support, and they can be contacted through email: firstname.lastname@example.org, as well as some social media platform including Facebook, Instagram, and Youtube.
Does ic-markets or td-ameritrade have a lower transaction costs and fees?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive ic-markets and td-ameritrade are, we first considered common fees for standard accounts. On ic-markets, the average spread for the EUR/USD currency pair is -- pips, while on td-ameritrade the spread is --.
Which broker is safer, ic-markets or td-ameritrade?
To determine the safety of a forex brokers, our experts take various factors into consideration in a multi-dimensional manner. This includes which regulatory licenses the forex trader holds and how reputable those licenses are. We also consider the history of a forex dealer, as long-standing dealers are usually more reliable and trustworthy than newer start-ups. ic-markets is regulated by ASIC,CYSEC. td-ameritrade is regulated by SFC.
Which broker provides better trading platform, ic-markets or td-ameritrade?
When our experts review a broker, they usually open real trading accounts and trade through the broker's trading platform. This gives us a better overall assessment of the quality of the platform, the ease of use and the features it offers. ic-markets Available trading platforms include MT4 ECN account、cTrader ECN account、MT4 standard account, tradable financial instruments include -- td-ameritrade works/provides MT4 ECN account、cTrader ECN account、MT4 standard account trading platform, trading instruments --