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TD Ameritrade vs Trade Nation 2023

BrokerNotes.co

Written by BrokerNotes.co

November 08, 2022

Trying to decide between TD Ameritrade and Trade Nation? 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 Trade Nation.

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 RatingTD AmeritradeTrade Nation
Overall Rating 9.5 / 10 7.5 / 10
Account TypeTD AmeritradeTrade Nation
Standard Trade Size (100,000 units) Yes Yes
Mini Trade Size (10,000 units) Yes Yes
Micro Trade Size (1,000 units) Yes Yes
Islamic Account No No
Copy TradingTD AmeritradeTrade Nation
Social Trading / Copy Trading No No
DupliTrade No No
ZuluTrade No No
CryptocurrencyTD AmeritradeTrade Nation
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) No No
Bitcoin Yes No
ethereum No No
Forex Trading (Spot or CFDs)TD AmeritradeTrade Nation
Forex Trading (Spot or CFDs) Yes Yes
Mobile Trading - Forex or CFDs Yes Yes
Indices (Index CFDs)TD AmeritradeTrade Nation
DAX No Yes
Dow Jones No Yes
FTSE No Yes
NASDAQ 100 No Yes
Nikkei No Yes
SP 500 No Yes
InvestmentsTD AmeritradeTrade Nation
Forex Trading (Spot or CFDs) Yes Yes
Spread Betting No Yes
Social Trading / Copy Trading No No
Metals No Yes
Energies No Yes
Agriculturals No No
ETF No No
U.S. Stocks (CFD) No No
Trading PlatformsTD AmeritradeTrade Nation
Apple iOS App Yes Yes
Android App Yes Yes
Proprietary Platform Yes Yes
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
MetaTrader 4 (MT4) No Yes
MetaTrader 5 (MT5) No No
Regulatory LicensesTD AmeritradeTrade Nation
Tier-1 Licenses 4 2
ASIC Authorised (Australia) No Yes
IIROC Authorised (Canada) No No
FCA Authorised (U.K.) Yes Yes
SFC Authorised (Hong Kong) Yes No
MAS Authorised (Singapore) Yes No
FINMA Authorised (Switzerland) No No
CFTC Registered (USA) Yes No
Tier-2 Licenses 0 1
Tier-3 Licenses 0 1
Research, EducationTD AmeritradeTrade Nation
Trading Central (Recognia) No No
Forex News (Top-Tier Sources) Yes Yes
Daily Market Commentary Yes No
Autochartist No No
Investor Dictionary (Glossary) Yes Yes
Videos - Beginner Trading Videos Yes Yes
Client Webinars (Archived) Yes No
Trading CostsTD AmeritradeTrade Nation
Minimum Initial Deposit $0 $0
Average Spread EUR/USD - Standard 1.25 pips (September 2022) 0.6
All-in Cost EUR/USD - Active 1.25 pips (September 2022) 0.6
Active Trader or VIP Discounts No No
Bank Wire (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) No Yes
PayPal (Deposit/Withdraw) No No
Trading ToolsTD AmeritradeTrade Nation
Watchlists - Total Fields 564 12
Mobile Watchlist Yes Yes
Charting - Indicators / Studies (Total) 360 35
Mobile Charting - Indicators / Studies 360 95
Trust FactorsTD AmeritradeTrade Nation
Year Founded 1955 2014
Publicly Traded (Listed) Yes No
Bank Yes No
Authorised in European Union Yes info No info
Trust Score 99 83
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TD Ameritrade vs Trade Nation 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 TD Ameritrade vs Trade Nation.

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 Trade Nation?

Trade Nation 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 Trade Nation a good broker?

Trade Nation offers an innovative platform suite that is optimized for ease-of-use, and great for beginners. That being said, the lack of advanced trading features may leave experienced traders wanting more.

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

Which broker offers more trading platforms?

Both TD Ameritrade and Trade Nation offer a Proprietary Platform and Desktop Platform (Windows)., neither have cTrader, DupliTrade and ZuluTrade

Does TD Ameritrade offer MetaTrader? Does Trade Nation offer MetaTrader?

For MetaTrader TD Ameritrade provides neither of these, while Trade Nation provides MetaTrader 4 (MT4). 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 TD Ameritrade and Trade Nation differ in terms of minimum deposit? What about average spreads and funding options?

TD Ameritrade requires a minimum deposit of $0, while Trade Nation requires a minimum deposit of $0. From our testing we found TD Ameritrade offers spreads of 1.25 pips (September 2022), while Trade Nation offers spreads of 0.6. TD Ameritrade supports Bank Wire (Deposit/Withdraw) for popular funding options, where Trade Nation 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 Trade Nation?

TD Ameritrade offers a more diverse selection of investment options than Trade Nation allowing you to trade Forex Trading (Spot or CFDs)., neither have Social Trading / Copy Trading, Agriculturals, ETF and U.S. Stocks (CFD) Looking at total tradeable symbols, TD Ameritrade has 0, compared to 601 from Trade Nation.

Can I trade cryptocurrency with TD Ameritrade or Trade Nation?

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 Trade Nation allow you to trade physical cryptocurrencies.

Who offers more research tools, TD Ameritrade or Trade Nation?

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

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