Online brokers compared for fees, trading platforms, safety and more. See how TD Ameritrade stacks up against XM!
Last update of data—Aug 2022
TD Ameritrade is a US stockbroker regulated by top-tier authorities SEC and FINRA. The company is listed on NASDAQ and has a banking background as part of the TD Group. The brokerage was acquired by Charles Schwab Corporation in 2020. Client account conversion is expected between April and September of 2023.
XM is a global forex and CFD broker regulated by Australia's ASIC, CySEC of Cyprus, and Belizean authority IFSC.
Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform.
Recommended for forex and CFD traders who prefer MetaTrader platforms and seek great account opening.
TD Ameritrade
TD Ameritrade is a US stockbroker regulated by top-tier authorities SEC and FINRA. The company is listed on NASDAQ and has a banking background as part of the TD Group. The brokerage was acquired by Charles Schwab Corporation in 2020. Client account conversion is expected between April and September of 2023.
Recommended for investors and traders looking for solid research and a well-equipped desktop trading platform.
XM
XM is a global forex and CFD broker regulated by Australia's ASIC, CySEC of Cyprus, and Belizean authority IFSC.
Recommended for forex and CFD traders who prefer MetaTrader platforms and seek great account opening.
TD Ameritrade's service is on par with XM's and a comparison of their fees shows that TD Ameritrade's fees are similar to XM's.
Account opening takes more effort at TD Ameritrade compared to XM, deposit and withdrawal processes are considerably more complicated at TD Ameritrade, while customer service quality is similar to XM's.
Our experts rated the trading platform of TD Ameritrade as somewhat better than the platform of XM, found that clients have access to more markets and products with TD Ameritrade, while XM provides somewhat lower-quality research and education.
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