td ameritrade
TopForex
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Overview
td ameritrade was founded in 2016 and is headquartered in Malta, while TopForex was established in 2009 and is based in Cyprus. td ameritrade holds licences including Financial Conduct Authority (FCA), while TopForex is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. td ameritrade serves 10,000+ clients worldwide; TopForex has 10,000+. The minimum deposit is $250 at td ameritrade and $100 at TopForex.
| Feature | td ameritrade | TopForex |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Regulation | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F319 | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2016 | 2009 |
| Country | Malta | Cyprus |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between td ameritrade and TopForex, directly affecting your bottom line as a trader. TopForex has a lower barrier to entry with a minimum deposit of $100 (vs $250 at td ameritrade). TopForex charges withdrawal fees while td ameritrade does not, giving td ameritrade an edge for frequent withdrawers. Overall, TopForex scores higher on fees in our assessment.
| Feature | td ameritrade | TopForex |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
td ameritrade offers MT4, MT5, cTrader, while TopForex supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. TopForex supports social and copy trading features, which td ameritrade does not offer. The two brokers are closely matched on platform offering.
| Feature | td ameritrade | TopForex |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how td ameritrade and TopForex compare. TopForex runs regular live webinars; td ameritrade does not. TopForex has a video library; td ameritrade does not. TopForex publishes daily market commentary; td ameritrade does not. TopForex integrates third-party research tools (Trading Central, Autochartist); td ameritrade does not. TopForex maintains an archive of past webinars for on-demand viewing. TopForex scores higher overall in education and research.
| Feature | td ameritrade | TopForex |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. td ameritrade accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while TopForex supports 2 (bank transfer, credit/debit card). td ameritrade uniquely supports PayPal and Skrill and Neteller among the two brokers. td ameritrade scores higher on deposit and withdrawal flexibility.
| Feature | td ameritrade | TopForex |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both td ameritrade and TopForex offer live chat support. Both provide phone support. Email support is available at both brokers. td ameritrade supports 8 languages and TopForex supports 2, giving td ameritrade broader global reach. Both brokers are comparable on support quality.
| Feature | td ameritrade | TopForex |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, and Chinese |