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TD Ameritrade vs LiteForex Europe

TD Ameritrade vs LiteForex Europe Comparison Table 2024
TD Ameritrade LiteForex Europe
Review
4
Review
3.7

TD Ameritrade is a leading discount brokerage offering a vast range of instruments including forex, stocks, futures, options and crypto. The company has nearly 40 years of experience and authorization from the SEC, FINRA and CFTC. Trading takes place via its well-known thinkorswim platform, which offers sophisticated tools and features including stock screeners and calculators.

LiteForex Europe is a CFD broker established in 2008 and authorized by the CySEC. The brokerage offers forex, commodities and indices via the MT4 and MT5 platforms. Spreads are ultra tight on ECN accounts and leverage is available up to 1:30 in line with EU regulations. LiteForex also offers a rich education centre for new day traders and social trading capabilities.

Comment by Reviewer
"Traders who want access to a huge range of stocks from a reputable broker with low fees should consider TD Ameritrade. On the downside, we miss access to the familiar MetaTrader 4 software." "LiteForex is a good option for active day traders with variable spreads from 0.0 pips, daily analysis and high-quality training guides. The forex copy system also lets you duplicate the positions of experienced traders."
Pros
  • Advanced order types, including OCO and brackets
  • Automated trading capabilities, including robo-advisors
  • Several trading platforms including proprietary award-winning software
  • TD Ameritrade provides rich in-depth research and educational resources
  • Extended 24/7 trading hours allow for international access to the markets
  • The broker facilitates automatic syncing between desktop and mobile trading platforms
  • There is access to over 350 technical studies, 20 drawing tools and 8 Fibonacci tools
  • Active chat rooms to share ideas and communicate with thousands of experienced traders
  • The Economic Data tool allows access to a range of data about the health of global economies
  • Management Services and Essential Portfolios. Reviews of which show high levels of customer satisfaction
  • Portfolio margin gives some users increased leverage by basing margin requirements on total portfolio risk
  • LiteForex has been established for 15+ years and is regulated by a trusted regulator, CySEC
  • Fast ECN execution model with low spreads from 0.0 pips
  • A proprietary copy trading system is available which allows you to copy other trading patterns
  • Low $50 minimum deposit makes LiteForex accessible for beginners
  • There's a comprehensive analytics portal by Claws&Horns, which offers video reviews, expert insights and short-term trading signals
  • LiteForex offers a range of proprietary mobile app tools which are ideal for traders who want to analyze the markets on the go
  • The broker offers a VPS server for experience day traders looking to run their auto strategies continuously
  • LiteForex offers a client-oriented approach, with personal manager assigned to each trader and 24/5 multilingual customer support
Cons
  • CFD trading not available
  • No MT4 or MT5 integration
  • Fractional shares are not offered
  • No direct cryptocurrency trading
  • Broker-assisted trade commissions are around $25
  • Stringent margin maintenance requirements and high fees
  • New traders may be overwhelmed by the vast amount of information and tools available
  • Fees are fairly high, with spreads starting from 2.0 pips in the Classic account and $10 forex commissions in the ECN account
  • Cryptocurrency trading is not offered
  • There are limited funding methods compared to other brands
  • There is no swap-free trading account for Muslim day traders
  • The range of day trading markets is limited compared to alternatives, with no share CFDs offered
Awards
  • Best Broker for Beginners 2022 - Investopedia Best Online Broker Awards
  • Best Online Broker for Stock Trading Platform and Research 2022 - NerdWallet's Best-Of Awards
  • #1 Platform & Tools, #1 Active Trading, #1 Options Trading, #1 Customer Service, and #1 Phone Support 2022 - StockBrokers.com Online Broker Review
Instruments
Forex, Stocks, ETFs, Cryptos, Futures, Options, Commodities, Bonds CFDs, Forex, Indices, Commodities
Demo Account
Yes Yes
Minimum Deposit
$0 $50
Trading Platforms
  • eSignal
  • AutoChartist
  • MT4
  • MT5
Payment Methods
Minimum Trade
$0 0.01 Lots
Regulator
SEC, FINRA, CFTC CySEC
Margin Trading
Yes Yes
STP Account
No No
ECN Account
No Yes
DMA Account
Yes Yes
MAM Account
Yes No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
Yes No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS & Android iOS & Android
App Review

TD Ameritrade offers currency trading via Android and iOS mobile and tablet apps. Users can speculate on over 75 currency pairs with low fees and advanced trading tools. Deposit funds and manage accounts in a few clicks.

LiteForex’s app stands out for its simplicity, ideal for newcomers, despite the slower chart loading times we’ve observed. Its extensive range of technical analysis tools and user-friendly copy trading feature, allowing easy selection of signal providers and investment amounts with just a couple of clicks, more than compensates for any minor drawbacks, making it a comprehensive solution for aspiring traders.
Android App Rating
4.1
iOS App Rating
3.4
Auto Trading
Yes - Auto trading available via bots Expert Advisors (EAs) on MetaTrader
Copy Trading
No Yes
Copy Trading Platform
The LiteForex copy trading system is available to all clients and allows users to replicate positions and strategies in their own accounts. Simply choose a trader using the broker's rating system, make a deposit and decide on an investment term.
Social Trading
No Yes
Trade Signals
Yes Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
Yes No
Guaranteed Stop Loss
No No
Inactivity Fee
$0 $10
Islamic Account
No No
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • CHF
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered LiteForex offers leveraged CFDs on popular asset classes, including currencies, commodities and indices. Traders can choose between the ECN and Classic account depending on their strategy alongside an accessible starting deposit and leading trading software from MetaTrader.
Leverage
1:30
FTSE Spread
0.7
GBPUSD Spread
0.3
Oil Spread
2.2
Stocks Spread
N/A
Forex Trading
Trade 70+ forex pairs including majors, minors or exotics via the desktop, mobile or webtrader app with no commission and 1:2 leverage. The choice of currencies is wider than most forex brokers. LiteForex Europe is a great option for forex traders with dozens of currencies, low spreads from 0 and a VPS for automated trading strategies. We also rate the daily market insights and forex tutorials for beginners.
Forex App

TD Ameritrade offers currency trading via Android and iOS mobile and tablet apps. Users can speculate on over 75 currency pairs with low fees and advanced trading tools. Deposit funds and manage accounts in a few clicks.

Liteforex deliver a sophisticated mobile offering, with full functionality across the major mobile operating systems. All applications and their contents are supported in more than 8 languages and are constantly updated.
GBPUSD Spread
Variable 0.3
EURUSD Spread
Variable 0.1
EURGBP Spread
Variable 0.7
Assets
75+ 50+
Cryptocurrency
Gain exposure to cryptocurrency markets through OTC crypto trusts, mutual funds and ETFs and Bitcoin futures. This offers portfolio diversification opportunities and trading vehicles beyond standard crypto CFDs. Crypto trading not offered
Spread
Commission fees apply
Coins
  • BTC
  • ETH
  • MBT
  • MET
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Review
Review
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