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IG vs TD Ameritrade 2023

BrokerNotes.co

Written by BrokerNotes.co

August 24, 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.

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Compare

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Overall Rating IG TD Ameritrade
Overall Rating / 10 / 10
Account Type IG TD Ameritrade
Standard Trade Size (100,000 units) info
Mini Trade Size (10,000 units) info
Micro Trade Size (1,000 units) info
Islamic Account info
Copy Trading IG TD Ameritrade
Social Trading / Copy Trading info
DupliTrade info
ZuluTrade info
Cryptocurrency IG TD Ameritrade
Cryptocurrency (Physical) info
Cryptocurrency (Derivative) info
Bitcoin info
Ethereum info
Forex Trading (Spot or CFDs) IG TD Ameritrade
Forex Trading (Spot or CFDs) info
Mobile Trading - Forex or CFDs info
Indices (Index CFDs) IG TD Ameritrade
DAX info
Dow Jones info
FTSE info
NASDAQ 100 info
Nikkei info
SP 500 info
Investments IG TD Ameritrade
Forex Trading (Spot or CFDs) info
Spread Betting info
Social Trading / Copy Trading info
Metals info
Energies info
Agriculturals info
ETF info
U.S. Stocks (CFD) info
Trading Platforms IG TD Ameritrade
Apple iOS App info
Android App info info
Proprietary Platform info
Desktop Platform (Windows) info
Web Platform info
MetaTrader 4 (MT4) info
MetaTrader 5 (MT5) info
Regulatory Licenses IG TD Ameritrade
Tier-1 Licenses info
Australia (ASIC Authorised) info
Canada (CIRO Authorised) info
Hong Kong (SFC Authorised) info
Japan (SFC Authorised) info
Singapore (MAS Authorised) info
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info
USA (CFTC Authorized) info
New Zealand (FMA Authorised) info
Regulated in one or more EU or EEA countries (MiFID). info info info
Tier-2 Licenses info
Tier-3 Licenses info
Research, Education IG TD Ameritrade
Trading Central (Recognia) info
Forex News (Top-Tier Sources) info
Daily Market Commentary info
Autochartist info
Investor Dictionary (Glossary) info
Videos - Beginner Trading Videos info
Client Webinars (Archived) info
Trading Costs IG TD Ameritrade
Minimum Deposit info
Average Spread EUR/USD - Standard info info info
All-in Cost EUR/USD - Active info info info
Active Trader or VIP Discounts info
Bank Wire (Deposit/Withdraw) info
Visa/Mastercard (Credit/Debit) info
PayPal (Deposit/Withdraw) info
Trading Tools IG TD Ameritrade
Watchlists - Total Fields info
Mobile Watchlist info
Charting - Indicators / Studies (Total) info
Mobile Charting - Indicators / Studies info
Trust Factors IG TD Ameritrade
Year Founded info
Publicly Traded (Listed) info
Bank info
Regulated in one or more EU or EEA countries (MiFID). info info info
Trust Score info
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IG vs TD Ameritrade Comparison

Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between IG and TD Ameritrade? Our independent database powered by our unbiased research will help you compare IG vs TD Ameritrade side-by-side.

What is Trust Score?

Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.

Can I trust IG?

IG has a Trust Score of 99, giving it a "Highly Trusted" Trust Score Label.

Can I trust TD Ameritrade?

TD Ameritrade has a Trust Score of 99, giving it a "Highly Trusted" Trust Score Label.

Is IG a good broker?

Year after year, IG has shown itself to be the best broker in the forex industry. Highly trusted and regulated in a staggering eight Tier-1 jurisdictions, IG holds a Trust Score rating of 99. Though IG does offer MetaTrader 4, IG’s proprietary web-based trading platform steals the show with its wide variety of rich features, market research, and powerful trading tools. Fans of social copy trading will appreciate IG’s seamless integration of trading signals into its web platform. IG has won countless Annual Awards from our sister site, ForexBrokers.com, and is a fantastic choice for forex traders of all experience levels.

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 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. IG holds regulatory licenses in the following Tier-1 jurisdictions: Australia (ASIC Authorised), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), United Kingdom (U.K.) (FCA Authorised) and USA (CFTC Authorized). TD Ameritrade, on the other hand, is licensed in these Tier-1 regulatory jurisdictions: Canada (CIRO Authorised), Hong Kong (SFC Authorised), Singapore (MAS Authorised), United Kingdom (U.K.) (FCA Authorised) and USA (CFTC Authorized). Neither have 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 Cyprus (CySEC Authorised), South Africa (FSCA Authorised) and UAE (DFSA/Central Bank Authorised), while TD Ameritrade is none.. Neither have China (CBRC 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?

Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that 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. It's also important to ensure your broker accepts the funding options and deposit methods that work best for you. In our research, we've found that IG supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and PayPal (Deposit/Withdraw) for funding and deposit methods, whereas TD Ameritrade supports Bank Wire (Deposit/Withdraw). Neither have Skrill (Deposit/Withdraw)

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

When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that IG delivers a more diverse selection of investment options than TD Ameritrade, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Spread Betting, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD). Neither have Social Trading / Copy Trading.

We also keep track of each broker’s total number of tradeable symbols; IG offers 19537, and TD Ameritrade offers a total of 0 tradeable symbols.

Can I trade cryptocurrency with IG or TD Ameritrade?

Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that neither IG nor TD Ameritrade allow you to trade physical cryptocurrencies.

Who offers more research tools, IG or TD Ameritrade?

Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. IG delivers the following research tools: Autochartist, Daily Market Commentary, Stock Charts and Forex News (Top-Tier Sources). TD Ameritrade, on the other hand, provides the tools listed here: Daily Market Commentary, Stock Charts and Forex News (Top-Tier Sources). Neither have Trading Central (Recognia) and Social Trading / Copy Trading

Broker Reviews

Still looking for more information, read our broker reviews.

IG Review

TD Ameritrade Review

Overall winner: IG

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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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