Comparison Olymp Trade vs TD Ameritrade
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Olymp Trade vs TD Ameritrade. Which of them: Olymp Trade or TD Ameritrade a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. When analyzing trading options, the commission fees of Olymp Trade is none, and that one of TD Ameritrade is $6.95 + $0.75. You can read more detailed information on commission fees in the online broker reviews.
It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Options Trading are provided to customers by Olymp Trade and Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading are provided by TD Ameritrade. Concerning the platforms, Olymp Trade uses Web Platform, Android App, iOS App, while TD Ameritrade uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.
In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. Olymp Trade was founded in 2014 in St. Vincent and the Grenadines, and it is regulated by Not Regulated. And TD Ameritrade was founded in 1975 in USA, and it is regulated by SEC, FINRA. We can withdraw funds from Olymp Trade with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. And TD Ameritrade provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is free. The withdrawal time for Olymp Trade is 1 - 5 business days, and that one for TD Ameritrade is one Business Day.
Overall, Olymp Trade boasts 4 stars versus TD Ameritrade 4.5 stars.