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IG vs TD Ameritrade 2023

BrokerNotes.co

Written by BrokerNotes.co

March 14, 2023

Trying to decide between IG 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.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, IG ranks more highly than TD Ameritrade.

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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Compare

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Overall Rating IG TD Ameritrade
Overall Rating 9.9 / 10 9.5 / 10
Account Type IG TD Ameritrade
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info No No
Copy Trading IG TD Ameritrade
Social Trading / Copy Trading info Yes No
DupliTrade info No No
ZuluTrade info No No
Cryptocurrency IG TD Ameritrade
Cryptocurrency (Physical) info No No
Cryptocurrency (CFD) Yes No
Bitcoin info Yes Yes
ethereum info Yes No
Forex Trading (Spot or CFDs) IG TD Ameritrade
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) IG TD Ameritrade
DAX info Yes No
Dow Jones info Yes No
FTSE info Yes No
NASDAQ 100 info Yes No
Nikkei info Yes No
SP 500 info Yes No
Investments IG TD Ameritrade
Forex Trading (Spot or CFDs) info Yes Yes
Spread Betting info Yes No
Social Trading / Copy Trading info Yes No
Metals info Yes No
Energies info Yes No
Agriculturals info Yes No
ETF info Yes No
U.S. Stocks (CFD) info Yes No
Trading Platforms IG TD Ameritrade
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info No No
Regulatory Licenses IG TD Ameritrade
Tier-1 Licenses info 7 4
Australia (ASIC Authorised) info Yes No
Canada (SRO Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
Hong Kong (SFC Authorised) info No Yes
Singapore (MAS Authorised) info Yes Yes
Switzerland (FINMA Authorised) info No No
USA (CFTC Authorized) info Yes Yes
Tier-2 Licenses info 2 0
Tier-3 Licenses info 1 0
Research, Education IG TD Ameritrade
Trading Central (Recognia) info No No
Forex News (Top-Tier Sources) info Yes Yes
Daily Market Commentary info Yes Yes
Autochartist info Yes No
Investor Dictionary (Glossary) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Client Webinars (Archived) info Yes Yes
Trading Costs IG TD Ameritrade
Minimum Deposit info £250.00 $0
Average Spread EUR/USD - Standard info 0.86 info 1.25 info
All-in Cost EUR/USD - Active info 0.5957 info 1.25 info
Active Trader or VIP Discounts info Yes No
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes No
PayPal (Deposit/Withdraw) info Yes No
Trading Tools IG TD Ameritrade
Watchlists - Total Fields info 14 564
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 33 360
Mobile Charting - Indicators / Studies info 33 360
Trust Factors IG TD Ameritrade
Year Founded info 1974 1955
Publicly Traded (Listed) info Yes Yes
Bank info Yes Yes
European Union Authorised (MiFID) info Yes info Yes info
Trust Score info 99 99
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IG vs TD Ameritrade Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare IG vs TD Ameritrade.

Can I trust IG?

IG 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 – in most cases – 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 “Do Not Trust” rating.

Can I trust TD Ameritrade?

TD Ameritrade has a trust score of 99, giving it a "Highly Trusted" trust label.

Is IG a good broker?

We consider IG to be the best overall broker in the industry, due to its excellent pricing, outstanding educational materials, comprehensive research, vast range of markets, and its powerful trading platform suite. IG also continues to acquire more regulatory licenses, bolstering its status as a trustworthy broker.

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.

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. IG is Australia (ASIC Authorised), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), United Kingdom (U.K.) (FCA Authorised) and USA (CFTC Authorized), while TD Ameritrade is Hong Kong (SFC Authorised), Singapore (MAS Authorised), United Kingdom (U.K.) (FCA Authorised) and USA (CFTC Authorized).. Neither have Canada (SRO Authorised), CBI Authorised (Ireland) and Switzerland (FINMA Authorised)

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, IG is South Africa (FSCA Authorised) and UAE (DFSA/Central Bank Authorised), while TD Ameritrade is none.. Neither have China (CBRC Authorised), Cyprus (CySEC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised) and Thailand (SEC Authorised). When comparing tier-3 licenses IG is Bermuda (BMA Authorised), while TD Ameritrade is none.. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised), Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).

Which broker offers more trading platforms?

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

Does IG offer MetaTrader? Does TD Ameritrade offer MetaTrader?

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

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

IG requires a minimum deposit of £250.00, while TD Ameritrade requires a minimum deposit of $0. From our testing we found IG offers spreads of 0.86, while TD Ameritrade offers spreads of 1.25. IG supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and PayPal (Deposit/Withdraw) for popular funding options, where TD Ameritrade supports Bank Wire (Deposit/Withdraw).. Neither have Skrill (Deposit/Withdraw)

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

IG offers a more diverse selection of investment options than TD Ameritrade allowing you to trade Forex Trading (Spot or CFDs), Spread Betting, Social Trading / Copy Trading, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD). Looking at total tradeable symbols, IG has 19537, compared to 0 from TD Ameritrade.

Can I trade cryptocurrency with IG or TD Ameritrade?

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 — including spot forex contracts. In terms of trading physical cryptocurrency neither IG nor TD Ameritrade allow you to trade physical cryptocurrencies.

Who offers more research tools, IG or TD Ameritrade?

In terms of research and research tools IG gives traders the following tools: Autochartist, Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. In comparison TD Ameritrade has the tools listed here: Daily Market Commentary, Stock Charts and Forex News (Top-Tier Sources).. Neither have Trading Central (Recognia)

Broker Reviews

Still looking for more information, read our broker reviews.

IG Review

TD Ameritrade Review

Overall winner: IG

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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