Compare Saxo Bank vs TD Ameritrade


Online brokers compared for fees, trading platforms, safety and more. See how Saxo Bank stacks up against TD Ameritrade!

Saxo Bank vs TD Ameritrade
overall rating
4.8
4.9
overall pros
  • Great trading platform
  • Outstanding research
  • Broad product portfolio
  • Low trading fees (free stock and ETF trading)
  • Superb desktop trading platform
  • Great customer support
overall cons
  • High bond, options and futures fees
  • High minimum deposit
  • Lacks live chat and 24/7 availability
  • You can trade only on US markets
  • Accounts mostly limited to US residents
  • No credit/debit cards and electronic wallets for money transfer
fees
3.0
  • Low forex fees
  • Low fund fees
  • No withdrawal fee
  • Inactivity fee
  • High bond, options and futures fees
4.3
  • Low trading fees
  • Low non-trading fees
  • Free stocks and ETFs
  • High fund fees
account opening
2.5
  • Fully digital
  • User-friendly
  • Available in almost every country
  • Minimum deposit is high in certain countries
  • Slow account verification
3.6
  • Fully digital
  • No minimum deposit
  • Many account types
deposit and withdrawal
4.8
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Electronic wallets not available for deposit or withdrawal
2.2
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
  • High withdrawal fee for wire transfers
web trading platform
5.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
4.3
  • User-friendly
  • Two-step (safer) login
  • Good variety of order types
  • Limited customizability (for charts, workspace)
mobile trading platform
5.0
  • User-friendly
  • Two-step (safer) login
  • Good search function
4.8
  • User-friendly
  • Two-step (safer) login
  • Good variety of order types
desktop trading platform
5.0
  • User-friendly
  • Clear fee report
  • Good customizability (for charts, workspace)
4.5
  • User-friendly
  • Good customizability (for charts, workspace)
  • Good variety of order types
  • Trading support functions
  • Great learning materials
  • No two-step (safer) login
markets and products
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • SaxoSelect
4.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • Crypto
research
5.0
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
  • Most fundamental data is not free of charge
4.8
  • Good interactive chart
  • Trading ideas
  • Data on asset fundamentals
customer service
4.0
  • Phone support
  • Relevant answers
  • No live chat
  • No 24/7 support
4.0
  • Phone support
  • Live chat
  • Fast response time
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No educational articles
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Majority of clients belong to a top-tier financial authority
  • Banking background
  • Negative balance protection for EU (+some MENA) customers
  • Not listed on stock exchange
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Banking background
  • No negative balance protection
recommended for Investors and traders looking for a great trading platform and solid research Investors and traders looking for solid research and a well-equipped desktop trading platform
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