Comparison Saxo Bank vs TD Ameritrade
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Saxo Bank vs TD Ameritrade. Is Saxo Bank or TD Ameritrade a better online broker?
First of all, we’ll compare the commission fees of the two brokers. The commission fee of Saxo Bank on regular transactions of the stock exchange is from 0.1% commission, and TD Ameritrade has a commission fee of $6.95. Let’s analyze the commission fees on trading options. Saxo Bank has a commission fee of from £2.50 per lot, TD Ameritrade has a commission fee of $6.95 + $0.75. Now, let’s compare commission fees in Forex, the commission fee of Saxo Bank is from 0.4 pips, and the commission fee of TD Ameritrade is $0.10 per 1,000 units. The full online broker reviews contains more detailed information on the brokers’ commission fees.
Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are Saxo Bank provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor, and TD Ameritrade provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading. Concerning the platforms, Saxo Bank uses Desktop Platform (Windows), Desktop Platform (MacOS), Android App, iOS App, while TD Ameritrade uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.
Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. Saxo Bank was founded in 1992 in Denmark, and it is regulated by FCA, FSA, DFSA, ASIC, FSC. And TD Ameritrade was founded in 1975 in United States, and it is regulated by SEC, FINRA. We can withdraw funds from Saxo Bank with the help of Bank Wire, and its withdrawal fee is 0. 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 Saxo Bank is 1-2 business days, and that one for TD Ameritrade is one Business Day.
Overall, Saxo Bank boasts 4.1 stars versus TD Ameritrade 4.5 stars.