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TD Ameritrade vs Trading 212 2023

BrokerNotes.co

Written by BrokerNotes.co

February 07, 2023

Trying to decide between TD Ameritrade and Trading 212? 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 Trading 212.

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 AmeritradeTrading 212
Overall Rating 9.5 / 10 7.6 / 10
Account TypeTD AmeritradeTrading 212
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 AmeritradeTrading 212
Social Trading / Copy Trading No No
DupliTrade No No
ZuluTrade No No
CryptocurrencyTD AmeritradeTrading 212
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) No No
Bitcoin Yes No
ethereum No No
Forex Trading (Spot or CFDs)TD AmeritradeTrading 212
Forex Trading (Spot or CFDs) Yes Yes
Mobile Trading - Forex or CFDs Yes Yes
Indices (Index CFDs)TD AmeritradeTrading 212
DAX No Yes
Dow Jones No Yes
FTSE No Yes
NASDAQ 100 No Yes
Nikkei No Yes
SP 500 No Yes
InvestmentsTD AmeritradeTrading 212
Forex Trading (Spot or CFDs) Yes Yes
Spread Betting No No
Social Trading / Copy Trading No No
Metals No Yes
Energies No Yes
Agriculturals No Yes
ETF No Yes
U.S. Stocks (CFD) No Yes
Trading PlatformsTD AmeritradeTrading 212
Apple iOS App Yes Yes
Android App Yes Yes
Proprietary Platform Yes Yes
Desktop Platform (Windows) Yes No
Web Platform Yes Yes
MetaTrader 4 (MT4) No No
MetaTrader 5 (MT5) No No
Regulatory LicensesTD AmeritradeTrading 212
Tier-1 Licenses 4 1
ASIC Authorised (Australia) No No
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 0
Research, EducationTD AmeritradeTrading 212
Trading Central (Recognia) No No
Forex News (Top-Tier Sources) Yes Yes
Daily Market Commentary Yes Yes
Autochartist No No
Investor Dictionary (Glossary) Yes Yes
Videos - Beginner Trading Videos Yes Yes
Client Webinars (Archived) Yes No
Trading CostsTD AmeritradeTrading 212
Minimum Initial Deposit $0 EUR 10
Average Spread EUR/USD - Standard 1.25 pips (September 2022) N/A
All-in Cost EUR/USD - Active 1.25 pips (September 2022) N/A
Active Trader or VIP Discounts No No
Bank Wire (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) No Yes
PayPal (Deposit/Withdraw) No Yes
Trading ToolsTD AmeritradeTrading 212
Watchlists - Total Fields 564 5
Mobile Watchlist Yes Yes
Charting - Indicators / Studies (Total) 360 45
Mobile Charting - Indicators / Studies 360 45
Trust FactorsTD AmeritradeTrading 212
Year Founded 1955 2004
Publicly Traded (Listed) Yes No
Bank Yes No
Authorised in European Union Yes info Yes info
Trust Score 99 77
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TD Ameritrade vs Trading 212 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 Trading 212.

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 Trading 212?

Trading 212 has a trust score of 77, giving it a "Average Risk" 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 Trading 212 a good broker?

Trading 212's innovative app for web and mobile is great for beginners and less demanding traders who are looking to trade CFDs or invest in shares. That said, Trading 212's lack of advanced features and trading tools may leave experienced forex 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 Trading 212 is FCA Authorised (U.K.)., neither have ASIC Authorised (Australia), 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 Trading 212 is CySEC Authorised (Cyprus)., neither have CBRC Authorised (China), SEBI Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), FSCA Authorised (South Africa), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses unfortunately, neither TD Ameritrade nor Trading 212 are SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands), CIMA Authorised (Cayman Islands), FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu)., neither have VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

For trading platforms TD Ameritrade supports a Proprietary Platform and Desktop Platform (Windows), whereas Trading 212 supports a Proprietary Platform., neither have cTrader, DupliTrade and ZuluTrade

Does TD Ameritrade offer MetaTrader? Does Trading 212 offer MetaTrader?

Neither TD Ameritrade or Trading 212 offer MT4 or MT5. If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers., neither have MetaTrader 4 (MT4) and MetaTrader 5 (MT5)

How do TD Ameritrade and Trading 212 differ in terms of minimum deposit? What about average spreads and funding options?

TD Ameritrade requires a minimum deposit of $0, while Trading 212 requires a minimum deposit of EUR 10. From our testing we found TD Ameritrade offers spreads of 1.25 pips (September 2022), while Trading 212 offers spreads of N/A. TD Ameritrade supports Bank Wire (Deposit/Withdraw) for popular funding options, where Trading 212 supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw).

Which brokers offers more tradeable asset classes, TD Ameritrade or Trading 212?

TD Ameritrade offers a more diverse selection of investment options than Trading 212 allowing you to trade Forex Trading (Spot or CFDs)., neither have Spread Betting and Social Trading / Copy Trading Looking at total tradeable symbols, TD Ameritrade has 0, compared to 1785 from Trading 212.

Can I trade cryptocurrency with TD Ameritrade or Trading 212?

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 Trading 212 allow you to trade physical cryptocurrencies.

Who offers more research tools, TD Ameritrade or Trading 212?

Both TD Ameritrade and Trading 212 offer a complete suite of research, providing traders with these tools: Daily Market Commentary, Stock Charts and Forex News (Top-Tier Sources)., neither have Autochartist, Trading Central (Recognia) and Social Trading / Copy Trading

Broker Reviews

Still looking for more information, read our broker reviews.

TD Ameritrade Review

Trading 212 Review

Overall winner: TD Ameritrade

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announcementPlease note:

We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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