TD Ameritrade was one of the leading US online brokers, alongside other discount brokers such as Webull, Robinhood, or E*TRADE.
In November 2019, the Charles Schwab Corporation agreed to acquire TD Ameritrade, and the deal closed in October 2020. Schwab then moved all TD Ameritrade clients to its own platform, a process completed in May 2024, and the TD Ameritrade brand has been retired.
Do you want to know if TD Ameritrade is available in the European Union and the UK and the alternatives available? Keep on reading. We’ve got you covered!
Is TD Ameritrade available in Europe?
Unfortunately, TD Ameritrade is no longer available in the EU or the UK.
TD Ameritrade was acquired by Charles Schwab, and all accounts have been moved to Schwab.
| Date | What happened |
| November 2019 | Charles Schwab agrees to buy TD Ameritrade |
| October 2020 | The acquisition is completed |
| September 2023 to May 2024 | TD Ameritrade accounts are moved to Schwab in several batches |
| June 2024 | Schwab launches thinkorswim, TD Ameritrade’s trading platform, in the UK |
Timeline of the TD Ameritrade acquisition by Charles Schwab.
You can use Charles Schwab from Europe and the UK through a Schwab International account, with no minimum deposit and access to the thinkorswim platform. However, it is a US-based USD account with strict requirements and limitations: EU residents can’t use margin, there is no access to European stocks and, under EU rules, you can’t buy US-domiciled ETFs.
European alternatives to TD Ameritrade
The following options are leading online brokers which operate in the EU and the UK, are regulated by top-tier authorities such as the UK’s FCA, and offer similar features to those provided by TD Ameritrade in the US, be it low commission fees, a wide range of available assets, or an advanced trading platform for more active traders, such as thinkorswim.
- Interactive Brokers: Best overall
- eToro: Best for commission-free ETF investing
- XTB: Best for CFD and Forex trading
- Plus500: Best for demo account
- DEGIRO: Best for low-cost investing
Disclaimer: Investing involves risk of loss.
69-80% of retail CFD accounts lose money.
81% of retail CFD accounts lose money.
Investing involves risk of loss.
TD Ameritrade European alternatives
IB at a glance
Founded in 1978, listed on NASDAQ (ticker: IBKR) and part of the S&P 500 since August 2025, Interactive Brokers is a global online broker which has come through major financial crises, showing resilience and a rigorous risk management process.
Interactive Brokers offers an advanced investment platform that includes a wide range of products (stocks, options, mutual funds, ETFs, futures, bonds, and currencies) from 170 markets in 40 countries, solid trade execution (IB SmartRouting), and a set of technical and fundamental tools to help you in your investment decisions.
Beginners and intermediate investors have educational tools to explore, but the learning curve will be steep. That’s why we mainly endorse it for more advanced traders. Besides, the customer service provides crystal clear answers to your doubts, so there is no need to go back and forth.
On the downside, Interactive Brokers’ fee structure is quite complex, the registration process is lengthy but fully online, and the broker doesn’t offer commission-free trading to European clients. However, when considering FX fees, narrower spreads, and the stock loan program, Interactive Brokers’ clients still get significant savings compared to most brokers.
Interactive Brokers also launched IBKR GlobalTrader, a modern mobile trading app to trade Stocks, Options, and ETFs, ideal for beginner investors. Some of the features of IBKR GlobalTrader include automatic currency conversions, fractional shares, demo account, and more.
Want to know more about Interactive Brokers? Check our Interactive Brokers Review.
eToro at a glance
55% of retail CFD accounts lose money.
eToro is a leading social trading platform with over 40 million registered users, listed on NASDAQ (ticker: ETOR) since May 2025. It allows retail account holders to mimic the trades and trading strategies of the most successful clients automatically and in real time.
It is also a multi-asset platform with more than 6,000 stocks, plus ETFs, cryptocurrencies and CFDs on commodities, forex and indices. eToro provides 0% commission on ETF trading (other fees apply). The spreads on CFDs may vary according to each financial product, so keep that in mind before placing an order.
The website and mobile app are nearly identical, attractively laid out, and incredibly simplified. The account opening process is pretty easy and fast. You only need a couple of minutes to sign up and follow the identification procedure. Moreover, if you are not yet comfortable with investing or its comprehensive dashboard, eToro provides you with a practice account.
eToro is considered safe since it is regulated by top-tier financial authorities like the Financial Conduct Authority (FCA), and, as a listed company, it publishes its results every quarter.
On the downside, withdrawals from the USD account cost $5 (withdrawals from EUR and GBP accounts are free), and only ETFs are commission-free: stocks cost $1 or $2 per trade, depending on your country and the exchange. If you leverage your positions, you’re trading CFDs rather than real stocks or ETFs, so you will incur spreads and overnight fees. There is no inactivity fee.
If you are interested, please read our eToro Review.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 55% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.XTB at a glance
69-80% of retail CFD accounts lose money.
Founded in 2002, XTB is a major player in the brokerage industry with more than 2.9 million clients. It is regulated by the FCA in the UK, the KNF in Poland and CySEC in Cyprus, among others, and listed on the Warsaw Stock Exchange.
You can invest through xStation 5 and xStation Mobile in different investment products, such as stocks, ETFs, and CFDs on stocks, Forex, indices, commodities, and cryptocurrencies (this product offering may vary slightly from country to country). It offers 0% commission on real stocks and ETFs up to €100,000 of monthly turnover in the UK and several European countries*, and in 2026 it added options on US stocks and ETFs in some EU countries.
Opening an account and transferring money is a quick and hassle-free process. For beginners, it presents a demo account where you can trade as if it were real money to help you feel the investment platform firsthand, and you get access to educational tools. For intermediate and advanced investors, you will find plenty of technical and fundamental tools to help you better assess your investment decisions.
On the downside, you will face an inactivity fee of €10 a month after one year without trading and no deposit in the last 90 days, and spreads on cryptocurrency CFDs are relatively high, while forex costs are low. XTB is not available in the United States or Australia.
Want to know more about XTB? Check our XTB Review.
*Including the Czech Republic, France, Germany, Italy, Poland, Portugal, Romania, Slovakia and Spain.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with XTB Limited (74% with XTB UK). You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Plus500 at a glance
81% of retail CFD accounts lose money.
Founded in 2008, Plus500 is a CFD provider offering CFDs on forex, indices, shares, commodities, options, ETFs and cryptocurrencies. It is available in 65 countries and is listed on the London Stock Exchange (FTSE 250).
The web platform you will use is the WebTrader, Plus500’s proprietary platform, offering a stable trading experience and reliable access from multiple devices, including a mobile app. All platforms are accessible and responsive, and you can start testing the features by opening a demo account.
Their customer support is helpful and readily accessed through a chat that is always shown on the trading platform. Their spreads are low, offering accounts in sixteen currencies, including USD, EUR, and GBP. However, they charge a currency conversion fee of up to 0.7% and an inactivity fee of up to $10 a month after three months without logging in.
Finally, it is regulated by financial regulators like the FCA and CySEC, meaning that Plus500 is appropriately supervised and that there is an investor protection scheme under the entity you open an account with. For instance, if you open an account as a European investor through Plus500CY Ltd, you are protected up to €20,000. Additionally, Plus500 provides negative balance protection for retail clients on CFD trading, on a per-account basis.
Want to know more about Plus500? Check our Plus500 Review.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Any educational content, market commentary, research, analysis, forecasts, coaching, training, or opinions provided by independent third parties do not represent the views of Plus500. Plus500 provides self-trading execution-only services and does not provide asset management nor investment, financial, legal, or tax advice. Plus500 accepts no responsibility or liability for any decisions made or losses incurred as a result of reliance on information, research, educational materials, coaching, or services provided by third parties.DEGIRO at a glance
Investing involves risk of loss.
Founded in 2013, DEGIRO is a low-cost brokerage firm that has become very popular due to its low rates! With more than 2.6 million customers in 15 countries, the innovative platform has become widely known for its “do-it-yourself” philosophy in the sense that you have everything at your disposal to start investing on your own. It offers a wide range of financial assets to trade, including stocks, ETFs, bonds, options, futures contracts, warrants, investment funds, and some leveraged products (not quite the same as CFDs). More info here.
For instance, you can trade more than 1,000 ETFs in its Core Selection with €0 commission (a €1 handling fee still applies) and no minimum amount required. The web trading platform is basic, but it is efficient and straightforward to use. In a matter of minutes, you get used to it. The same applies to its mobile app. On the downside, there is an absence of any significant fundamental research, a €2.50 annual connectivity fee per exchange applies, and price alerts are missing.
Regarding security, DEGIRO is the Dutch branch of flatexDEGIRO Bank SE (a German-regulated bank). In the unlikely event that the segregated assets cannot be returned to clients, DEGIRO falls under the German Investor Compensation Scheme, which compensates any losses from non-returned assets up to 90% (with a maximum of €20,000), so do bear this in mind if you are planning to invest much larger volumes. Furthermore, any money deposited on a DEGIRO Cash Account with flatexDEGIRO Bank SE will be guaranteed up to an amount of €100,000 under the German Deposit Guarantee Scheme.
Still have doubts? Go through our DEGIRO Review!
Bottom line: which broker should you go for?
There’s no such thing as “the best online broker”. Different providers offer different features which will fit your profile, preferences, and objectives differently.
For instance, do you want an easy-to-use platform for long-term buy-and-hold or a more complex platform for trading or options? Do you value research, or is an execution-only broker sufficient? Which products and markets are you looking to trade?
Even though many traders are now looking at commission-free trading as the main factor for their choice, one must be aware that it generally comes at a cost. Where is the broker routing its orders? It might compromise the quality of trade execution, which is why payment for order flow has been banned in the EU since June 2026.
The best online broker in your specific case will depend on your profile, preference, and objectives. Explore the websites linked to above and decide for yourself!
Remember that this article should not be construed as investment advice but should be considered information only. Investors should do their own research and due diligence regarding the services and opportunities best suited for their risk, returns, and impact strategy.
Happy investing!
