Page Summary
XM Group and TD Ameritrade are top brokerage firms. XM Group is a secure broker with licenses from the ASIC, CySEC, FCA, and IFSC. XM Offers access to the MetaTrader suite and leading educational content. It is a good fit for new traders who want to improve their trading knowledge.
TD Ameritrade is a leading US-based stockbroker with excellent platforms. It has a competitive fee structure and versatile portfolio. TD Ameritrade has many learning tools, which is why we recommend it for new investors.
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XM
TD Ameritrade
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:888 | 1:2 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | 0 | 0 |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | 0 |
| Forex (EUR/USD) | 1.6 pips | 1.3 pips |
| Stocks & ETF | 0,1% – (min $5) | $6.95 |
| CFD (Gold) | 3 pips | 0 |
| Crypto | 0 | |
| Options | 0 | 0.65 per options contract fee |
| Conversion Fees | 0 | $75 transfer fee |
| Misc. Fees | 0 | 0 |
| Overnight Fees | 0 |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $5 | 0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 100 | 3700 |
| ETF & Funds | 0 | 13000 |
| Crypto | 0 | 0 |
| Commodities | 0 | 10 |
| Indices | 0 | 12 |
| Options | 0 | 0 |
| Futures | 0 | 70 |
| Bonds | 0 | 40000 |
| Forex Instruments | 55 | 70 |
| CFD Indices & Funds | 14 | 0 |
| CFD Stocks | 1286 | 0 |
| CFD Commodities | 14 | 0 |
| CFD Crypto | 5 | 0 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | English / Spanish | |
| Personal Account Manager |
Winner
Top findings from the XM Group vs. TD Ameritrade review:
- XM is a beginner-friendly brokerage firm with a valuable learning center.
- TD Ameritrade is a trustworthy online broker with many learning and research tools.
- Both brokers offer a virtual trading account to test their offering.
XM Group and TD Ameritrade are trustworthy brokers with access to reliable learning materials. Both offer tutorials and beginner videos. XM and TD Ameritrade are a top choice for beginner traders.
Level of experience
XM Group offers access to the complete MetaTrader suite. This comes with user-friendly interfaces and valuable tools. XM has investor trading support and a demo account.
TD Ameritrade offers many educational materials, paper trading, and other useful learning tools. It has user-friendly platforms with intuitive interfaces.
Fees
The minimum deposit fee at XM Group starts at $5, while TD Ameritrade does not charge a fee. The average EUR/USD spread at XM is 1.6, while at TD Ameritrade is 1.06.
Assets
TD Ameritrade provides 73 forex currency pairs, while XM has 57 available pairs. XM Has 1372 CFDs while has no available CFDs.
Trading platform
XM has the MT4 and MT5 suites, but it doesn’t offer a proprietary platform. These suites are customizable, user-friendly, and intuitive. XM has valuable research and educational center with articles and trading signals.
TD Ameritrade has proprietary platforms focused on learning tools. It offers access to professional research and educational data on all its platforms. It offers webinars, articles, and many research tools.
Banking services
Banking services are an asset for traders of all levels of experience. XM Group has many funding options, including bank transfers, credit/debit cards, and Skrill. TD Ameritrade has one funding solution, bank transfers.
Final verdict
XM Group and TD Ameritrade are top brokerage firms in 2021 with beginner-friendly services. Both have advantages and disadvantages depending on your trading style and goals. XM is a good choice for new investors who want access to reliable learning tools. We recommend TD Ameritrade for traders at all levels because of its comprehensive offer.
XM compared to other brokers:
XM review