TD Ameritrade vs Nadex

TD Ameritrade vs Nadex Comparison Table 2023
TD Ameritrade Review 2023	Nadex Review 2023
Review 4 TD Ameritrade is #36 in our broker rankings.	Review 4.3 Nadex is #9 in our binary options broker rankings.
Traders from US accepted	Traders from US accepted
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.	Nadex is a renowned exchange and binary options provider, based in the US. The company is fully regulated by the CFTC and offers options, call spreads and Knock Out contracts. Nadex also has just a $1 entry or exit fee and a user-friendly platform and proprietary app.
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."	"Users looking to trade short-term binary options with a US-regulated broker will find a good platform in Nadex."
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	Free demo account for new users US regulated exchange with excellent trust score Proprietary mobile app with good range of indicators and charting tools Extensive educational resources for those new to binary options trading A range of timeframes that will suit both short and longer term strategies
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	No MT4 or MT5 platform integration No welcome bonuses or financial incentives Narrow selection of cryptocurrencies to trade Products and tools are more advanced than some alternatives
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
Stocks, Futures, E-minis, Options, Forex, Crypto, ETFs, Volatility Index	Binary Options, Knock Outs™, Call Spreads
Demo Account
Yes	Yes
Minimum Deposit
$0	$250
Trading Platforms
eSignal AutoChartist	Own
Payment Methods
ACH Transfer Automated Customer Account Transfer Service Cheque TransferWise Wire Transfer	ACH Transfer Cheque Debit Card Mastercard Visa Wire Transfer
Minimum Trade
$0	$1
Regulator
SEC, FINRA, CFTC	CFTC
Margin Trading
Yes	No
STP Account
No	No
ECN Account
No	No
DMA Account
Yes	No
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	NadexGO
Auto Trading
Yes - Auto trading available via bots	Yes
Copy Trading
No	No
Social Trading
No	No
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
Stock Exchanges
Dow Jones Japan Exchange Group Nasdaq New York Stock Exchange S&P 500 Toronto Stock Exchange Taiwan Stock Exchange	DAX GER 40 Index Dow Jones FTSE UK Index Japan Exchange Group Nasdaq S&P 500 Shenzhen Stock Exchange
Commodities
Cocoa Coffee Copper Corn Cotton Gasoline Gold Livestock Natural Gas Oil Palladium Platinum Silver Soybeans Sugar Wheat	Gold Natural Gas Oil Silver
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.	Speculate on 11 popular currency pairs via Knock Out contracts, call spreads and binary options. Nadex offers a wider range of timeframes than most binary options brokers, with contracts spanning from intraday to weekly.
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.	NadexGO allows trading whenever, wherever, and however traders want. Specializing in short term trading, the mobile app needs to offer quick response times, and certainly delivers. It is also reliable and secure, ensuring traders can trade with confidence on the move. NadexGo is a rock solid trading app.
GBPUSD Spread
Variable	0.25 pips Var
EURUSD Spread
Variable	0.25 pips Var
EURGBP Spread
Variable	0.25 pips Var
Assets
75+	11
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.	Nadex offers a limited list of cryptos with just Bitcoin and Ethereum. Traders can go long or short though with straightforward binary options contracts that mean you don't need to own the underlying token.
Spread
Commission fees apply	Variable
Coins
BTC ETH MBT MET	BTC ETH
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No
Binary Options
Binary options trading not offered	Nadex offers real-time market action with short-term binary options trading. The range of markets is strong with just a $1 fixed fee per side, per contract. Nadex also offers ultra-short term binaries that expire after 5 seconds.
Payout
	Exchange (See Full Review)%
Expiry Times
	5 seconds - 1 week
Ladder Options
No	No
Boundary Options
No	Yes

Review	Review
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