FP Markets vs TD Ameritrade | Our Analysis & Comparison in 2024

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Written by
Ryan Hardy sitting before his forex trading desk
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Traders consistently seek trusted and reliable trading platforms that suit their trading styles and preferences. FP Markets and TD Ameritrade are top-tier regulated brokers providing online trading services worldwide. FP Markets is known for its social trading and multi-asset platform, regulated in two Tier-1 jurisdictions, one Tier-2 jurisdictions and one tier -4 jurisdictions including ASIC, CySEC, SVGFSA, FSCA.  On the other hand, TD Ameritrade specializes in online forex trading, regulated by three tier-1 jurisdictions including SEC , FINRA , SIPC. While these brokers offer similar services, they each have their own strengths and weaknesses.

In this article, I have compared FP Markets and TD Ameritrade in terms of trading platforms, Pros, Cons, regulations, tradable assets, fees, customer support, and overall trading experience score. This analysis aims to help you determine which broker better suits your trading style and preferences.

FP Markets vs TD Ameritrade: In a Nutshell

FP Markets

FP Markets was established in 2005 in Australia but has become a global brand with multiple regulations across the world. Traders have access to trade more than 10,000 forex and CFDs on its 4 platforms; MT4, MT5, IRESS, and cTrader. It also provides access to tools like Autochartist, Trading Central, free VPS, social trading, etc.

FP Markets Overview
  • Founded In: 2005
  • Minimum Deposit: 100 AUD or equivalent.
  • Maximum Leverage: 500:1
  • Regulations: ASIC, CySEC, FSCA, FSA
  • Trading platform: MT4, MT5 and Ctrader 
  • Account Types: Islamic , Account Funding, Fund withdraw
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, Dragonpay, FasaPay, Klarna, Neteller, Ngan Luong, PayPal, PayTrust88, PerfectMoney, Poli, Rapid Transfer, Skrill, SticPay, Transfer from Existing Broker, UnionPay
  • US Traders: Not Accept

TD Ameritrade

Founded in 1971 as Ameritrade, TD Ameritrade is a well-known American online brokerage firm that offers a wide range of financial services including stocks, Forex,  options, ETFs Mutual Funds, fixed income, and other investment products  TD Ameritrade went through a couple of acquisitions and mergers. In 2006, it acquired the US operations of TD Waterhouse, followed by the acquisition of Scottrade in 2017. Finally, in 2020, Charles Schwab Corporation acquired TD Ameritrade. TD Ameritrade provides access to both US and non-US traders to trade on this platform.

TD Ameritrade At a Glance

TD Ameritrade At a Glance
  • Founded In: 1978
  • Minimum Deposit: $0
  • Maximum Leverage: 1:50
  • Regulations: SEC , FINRA , SIPC
  • Trading platform: Web Platforms, thinkorswim desktop, thinkorswim® web, Mobile Trading
  • Account Types: Standard, Retirement, Education and Specialty accounts.
  • Payment Options: Bank Wire (BankTransfer/SWIFT), ACH (Automated Clearing House), Check, Physical Stock Certificates, Transfer from Existing Broker
  • US Clients : Accepted

FP Markets vs TD Ameritrade: Pros and Cons

FP Markets

Pros
  • Regulated by ASIC, CySEC, FSCA, SVGFSA, AFS, FSP 
  • The Maximum leverage is 1:500
  • Offers popular trading platforms like MT4, MT5, cTrader, WebTrader, IRESS
  • Hedging, Scalping, EA/Robot, and Copy trading are allowed 
  • Easy, Fast and Digital account opening
  • Offers passive investment programs like MAM, PAMM Accounts
  • Faster order execution (40ms) 
  • FP Markets offers consistently tighter spreads from 0.0 pips
Cons
  • No FCA regulation. 
  • The Minimum deposit is $100, which might be high for a beginner
  • High Stock CFD fees 
  • US traders are not accepted 
  • Only two types of accounts ( Standard, Raw) 

TD Ameritrade

Pros
  • ETF, non-penny stock, and options trades are commission-free
  • Expansive trading tools and resources for all types of investors
  • Low trading fees (free stock and ETF trading)
  • Regulated by FINRA, SIBC 
  • Part of Charles Schwab Corporation since October 2020, with a combined 28 million clients and $6 trillion in assets.
  • The company does not charge fees for trading in American and Canadian stocks, options, and ETFs.
  • There is a large selection of investments from which to choose
Cons
  • Broker-assisted trades are somewhat costly
  • No direct crypto Trading 
  • Forex trading via thinkorswim, a trading platform where you can trade forex
  • No MT4, MT5, cTraders  trading platforms are offered 
  • Fractional shares are not offered
  • Accounts mostly limited to US residents
  • As a U.S.-only forex broker, TD Ameritrade does not offer copy trading or MetaTrader (MT4).

FP Markets vs TD Ameritrade: Side-by-Side Comparison

FP Markets
TD Ameritrade
Product
Founded In
Founded In
2005
1978
Founded By
Founded By
Matthew Murphie
John Joseph Ricketts
Headquarters
Headquarters
Sydney , Australia
Omaha, United State
Regulations
Regulations
ASIC, CySEC, FSCA, FSA
SEC , CFTC
Min Deposit
Min Deposit
$ 100 AUD or equivalent
None
Max Leverage
Max Leverage
500:1
50:1
Tradable Assets
Tradable Assets
Forex,Shares,Metals,Commodities,Indice,Digital Currencies,Bonds,ETFs
Stocks,Options,ETFs,Mutual Funds,Futures,Forex,Margin Trading,Bonds & Fixed Income.
Fees
Fees
Spread from 1 pips (Standard)
Spread from
Platforms and Tools
Platforms and Tools
MT4, MT5, cTrader, WebTrader, TradingView
Web ,Mobile , thinkorswim Trading Platforms
US Traders
US Traders
Not Allowed
Allowed

FP Markets Vs TD Ameritrade: Our Scores and Ratings

We rated both brokers, FP Markets and TD Ameritrade, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.

FP Markets :

9.2
Total Score
Regulation and Security (40%)9.2
Fees and Commissions (20%)9
Trading (15%)9
Trading tools (10%)9.5
Customer Support (10%)9.5
Trading Education (5%)9.6

TD Ameritrade

8.8
TD Ameritrade Score
Regulation and Security (40%)9
Fees and Commissions (20%)9
Trading (15%)9
Trading tools (10%)8
Customer Support (10%)8
Trading Education (5%)7

Final Verdict :

Both FP Markets and TD Ameritrade are regulated online trading platforms in the industry, offering services to traders and investors. However, there are some differences between them. FP Markets is a multi-asset and social trading platform, providing trading instruments, including forex, indices, shares, commodities, metals, digital currencies, bonds & ETFs. It offers both leverage and non-leverage tradable assets.  On the other hand, TD Ameritrade is a forex and CFD broker offering stocks,options,ETFs,mutual funds,futures,forex,margin trading,bonds & fixed income.

Our score for FP Markets is 9.2 and for TD Ameritrade, it is 8.8 (based on our research; a score above 8 is considered safe and trustworthy). If you are seeking a social trading platform where you can copy other successful traders and have a one-stop solution for various types of trading, you may choose FP Markets. However, if you prefer online forex and CFD brokers, you may choose TD Ameritrade.

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

Fact Checked by
Ryan Hardy is a Content Writer, Researcher, and Fact Checker at Brokersway. Specializing in forex trading, he focuses on ensuring accuracy in information related to broker regulations, scams, and safety measures. With a commitment to transparency, Ryan plays a vital role in providing traders with reliable insights into the world  of forex brokers
Edited by

Richard Walz, a seasoned content writer and broker’s research specialist, is your go-to authority for decoding online forex brokers and trading platforms. As an editor, he ensures precision and clarity, offering traders valuable insights on Brokersway, a trusted resource for informed decision-making in the dynamic world of currency trading. Richard's role as an editor ensures that the information presented is not only accurate but also presented in a manner that resonates with traders seeking clarity in making better decision.

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