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Broker comparison between Saxo vs TD Ameritrade
Do you want to figure out which is the better broker, saxo or td-ameritrade?
In the following table, you can compare the features of saxo and td-ameritrade side by side to determine the best fit for your trading needs.
Wikifx rating
Basic Information
Benchmark
Account
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 saxo 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 saxo and td-ameritrade are both reliable. We analyze the reasons as following:
Forex broker introduction
saxo
General Information & Regulation of Saxo
Founded in 1992, the company launched its first online trading platform in 1998, providing traders with professional-grade tools and access to multi-asset markets. Saxo Group serves clients in over 120 countries, manages $16 billion in assets, and processes over 125,000 trades per day to date. The headquarter of Saxo Bank is located in Copenhagen while an organization operating in financial centers around the world including London, Paris, Zurich, Dubai, Singapore, Shanghai, Sydney, Hong Kong and Tokyo, and Saxo Bank is licensed by several regulators globally.
Saxo Market Instruments
The company offers a wide range and a number of financial products, mainly divided into leveraged instruments and investment products. Leveraged products include CFD products, Futures, Commodities, and listed options, while investment products include stocks, bonds, ETFs, mutual funds, and managed portfolios.
Minimum Deposit
Saxo Markets has three main account levels, namely Personal, Institutional and Professional. Individual accounts are divided into Classic, Platinum, and VIP accounts. Classic accounts have a minimum deposit of $2,000. The minimum deposit for a Platinum account is $200,000, which allows investors to get smaller spreads and lower commissions, while the minimum deposit for a VIP account is now $1, 000,000. Saxo Markets' corporate account contains the same three accout types too, with the minimum deposit for the classic account up to $10,000, $200,000 for the platinum account , and the minimum deposit for VIP account is $1000,000. Investors will be reclassified as Professional clients if they meet any two of the three conditions: having a financial portfolio of more than 500,00 EUR; having made at least 10 relevant transactions of significant size in the last four quarters; working in the financial sector, or having worked for at least one year.
Saxo Leverage
With regard to trading leverage, professional clients are entitled to leverage of 1:40 for the primary index, 1:33 for the secondary index, 1:33 for gold, 1:10 for equities, and 1:25 for commodities. Retail clients are entitled to leverage of 1:20 for the primary index, 1:10 for the secondary index, 1:20 for gold, 1:5 for equities and 1:10 for commodities.
Spreads & Commissions
Spreads on CFD products are as low as 0.4. Go long or short more than 9,000 products, and enjoy low spreads and credits. Commissions start at $3 per share for equities, as low as $0.85 per lot for commodities, and $3 per share for ETFs. Futures commissions start as low as $0.85 per lot, bonds commissions start at 0.05%, listed options commissions start as low as $1.25 per lot, and mutual funds commissions are $0 for custody and platform fees.
Trading Platform
Saxo uses the best-in-class trading platform SaxoTraderGO, a powerful trading tool with enhanced trading instruments, innovative risk management features including account shields (which act as stop-loss levels for the entire account value and close out the entire position in case of a penalty), stop-loss orders, cancel all orders, margin usage details, margin alerts, and fast position closing features. In addition, Saxo Group also offers SaxoLite (mobile trading platform for Hong Kong and US stocks) for investors.
Deposit & Withdrawal
Saxo Bank supports several deposit and withdrawal methods, including Visa, MasterCard, Visa Debit, Visa Electron, MasterCard Debit, Maestro (for UK residents), Visa Dankort (for Denmark residents), Carte Bleue (for France residents). The company does not charge any fees for withdrawals, but if an investor makes a withdrawal request via manual withdrawal, a processing fee of 40 EUR will be charged.
td-ameritrade
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.
Latest News
On 28 February 2022, TD Ameritrade Hong Kong will close and will no longer maintain accounts.
Market Instruments
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.
Account Types
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.
Commissions
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.
Options
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.
Margin Rates
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.
Funding Options
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.
Customer Service
TD Ameritrade offers an average customer support, and they can be contacted through email: help@tdameritrade.com.hk, as well as some social media platform including Facebook, Instagram, and Youtube.
Does saxo 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 saxo and td-ameritrade are, we first considered common fees for standard accounts. On saxo, the average spread for the EUR/USD currency pair is -- pips, while on td-ameritrade the spread is --.
Which broker is safer, saxo 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. saxo is regulated by ASIC,FCA,FSA,SFC,BDF,CONSOB,FINMA,MAS,BDF,DFSA,ASIC. td-ameritrade is regulated by SFC.
Which broker provides better trading platform, saxo 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. saxo Available trading platforms include VIP account、Platinum account、Classic account, tradable financial instruments include -- td-ameritrade works/provides VIP account、Platinum account、Classic account trading platform, trading instruments --
