TD Ameritrade vs Swissquote

TD Ameritrade vs Swissquote Comparison Table 2024
TD Ameritrade Swissquote
4

TD Ameritrade is #35 in our broker rankings.

4
United States Flag Traders from US accepted
United States Flag Traders from US not 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.

Swissquote is a Switzerland-based bank and broker that offers online trading and investing. The company has a high safety score and is listed on the Swiss stock exchange. The firm offers a huge range of products, from stocks, ETFs, bonds and futures to 400+ forex and CFD assets. Hundreds of thousands of traders have opened an account with the multi-regulated brokerage. Clients can get started in three easy steps while 24/7 customer support is available to assist new users.

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." "We recommend Swissquote for experienced traders due to the $1000 minimum deposit and advanced trading tools. Swissquote is also a good option for investors looking for a sophisticated robo-advisory service."
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
  • Huge range of products including CFDs, futures and options
  • Scalping, day trading and swing trading strategies supported
  • Swiss-listed and regulated with a strong track record
  • Ebanking and cryptocurrency Bitcoin exchange services
  • Multi-currency account with 22 currencies
  • MetaTrader 4 and MetaTrader 5 integration
  • Autochartist and Trading Central tools
  • Free demo account
  • FCA-regulated
  • APIs
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
  • High minimum deposit of $1000
  • Complex suite of services and tools
  • Higher than average fees on some products
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 Forex, CFDs, Indices, Stocks, ETFs, Bonds, Options, Futures, Cryptos (location dependent)
Demo Account
Yes Yes
Minimum Deposit
$0 $1000
Trading Platforms
  • eSignal
  • AutoChartist
  • MT4
  • MT5
  • AutoChartist
  • TradingCentral
Payment Methods
Minimum Trade
$0 0.01 Lots
Regulator
SEC, FINRA, CFTC FCA, FINMA, DFSA, SFC
Margin Trading
Yes Yes
STP Account
No No
ECN Account
No Yes
DMA Account
Yes Yes
MAM Account
Yes Yes
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
Yes Yes
Negative Balance Protection
No Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No Yes
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.

Auto Trading
Yes - Auto trading available via bots Yes
Copy Trading
No No
Social Trading
No Yes
Trade Signals
Yes
VPS Hosting
No Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
Yes No
Guaranteed Stop Loss
No No
Inactivity Fee
$0
Islamic Account
No Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • TRY
  • SEK
  • CHF
  • AED
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Swissquote offers spot, forward and synthetic contracts on a breadth of markets, including stocks, indices, bonds and commodities. The pricing model is transparent with no hidden fees. Clients can diversify portfolios and hedge risk with low margin requirements.
Leverage
1:30
FTSE Spread
0.9
GBPUSD Spread
1.3
Oil Spread
0.02
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. Swissquote offers trading on a huge range of forex assets, covering 80+ currency pairs. Spreads start from 1.3 pips with the Premium account and there are zero commissions. Micro, mini and standard lot sizes are available plus options contracts on major currencies.
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.

GBPUSD Spread
Variable 1.3
EURUSD Spread
Variable 1.3
EURGBP Spread
Variable 1.5
Assets
75+ 80+
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. Swissquote offers online trading on a decent selection of 35+ cryptos 24/7. The digital asset class provides high volatility within a regulated trading environment at Swissquote. A digital wallet is also available to securely store tokens.
Spread
Commission fees apply Variable
Coins
  • BTC
  • ETH
  • MBT
  • MET
  • BTC
  • LTC
  • BTC
  • ETC
  • XLM
  • REP
  • ADA
  • AAVE
  • ALGO
  • MKR
  • DOT
  • MATIC
  • SAND
  • APE
  • ETH
  • XRP
  • LINK
  • EOS
  • XTZ
  • FILE
  • DOGE
  • ADA
  • AVA
Crypto Lending
No Yes
Crypto Mining
No No
Crypto Staking
No Yes
Auto Market Maker
No No
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