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TD Ameritrade Italy (Italia): Expansion Plans and Alternatives

Franklin Carneiro da Silva| Updated May 16th, 2022
TD Ameritrade Italy: Expansion Plans and Alternatives for 2022

TD Ameritrade is a US-based broker which targets both beginners and more professional investors. Its assets include stocks and ETF (with no commission), as well as more complex financial assets, such as options and futures.

Do you want to know if TD Ameritrade is available in Italy and the alternatives available? Keep on reading. We’ve got you covered!

In a nutshell, what is TD Ameritrade?

TD Ameritrade is one of the leading US online brokers. It has been in existence for many years, has branch offices all around the US and has been listed on Nasdaq since 1997. Through TD Ameritrade, a trader can access a wide variety of US-listed assets through the broker’s awesome proprietary platform, Thinkorswim. On the downside, TD Ameritrade only offers access to the US markets and doesn’t offer fractional shares.

In 2019, it was acquired by the Charles Schwab Corporation, a leading name in the investment and brokerage industry. So, TD Ameritrade is now a Charles Schwab subsidiary.

Is TD Ameritrade available in Italy?

Unfortunately, TD Ameritrade is no longer available in Italy. Since 2018, the company no longer accepts traders residing in Europe, largely due to the changes in financial regulations in this territory.

Currently, TD Ameritrade operates mostly for US residents, but also offers its services to other countries. If you’re unsure whether TD Ameritrade accepts clients from certain countries, reach out to its customer service department – the company hasn’t publicly disclosed the full list of accepted countries

TD Ameritrade also hasn’t announced any plans to start accepting Italian investors again – it’s something we’ll keep you updated on should any announcement be made.

Alternatives to TD Ameritrade in Italy

The following options are leading online brokers which operate in Italy, are regulated by top-tier authorities, and offer similar features to those provided by TD Ameritrade in the US – be it commission-free trading, a wide range of available assets, or an advanced trading platform for more active traders, such as Thinkorswim.

eToro

with over 25 million users, it offers commission-free stock and ETF trading. You can also copy other traders/investors.
Disclaimer: 67% of retail CFD accounts lose money when trading with this provider.

Interactive Brokers

Targeting more experienced investors, Interactive Brokers offers a wide range of products from many exchanges worldwide. They also offer an advanced trading platform, IB Trader Workstation, a competitor to the Thinkorswim platform.
💡 Interactive Brokers also launched IBKR GlobalTrader, a modern mobile trading app to trade Stocks and ETFs, ideal for novice investors.

DEGIRO

One of the leading online brokers in Europe due to its low-cost structure. Offers commission-free stock and ETF trading and a wide product portfolio.
Disclaimer: Investing involves risk of loss.

Nextmarkets

Recent commission-free broker with no currency conversion fees. Besides, you have access to “curated investing” (similar to social trading).
Disclaimer: 56.65% of retail CFD accounts lose money when trading with this provider.

XTB

Global forex and CFDs broker and one of the leading brokers for derivatives trading. Furthermore, their proprietary trading platform – X Station 5 – is considered one of the best because of its advanced tools and user-friendly interface. Recently, they started offering commission-free real stock and ETFs trading in Italy.
Disclaimer: 79% of retail CFD accounts lose money when trading with this provider.

TD Ameritrade Alternatives in Italy

# eToro

etoro logo
Visit eToro
68% of retail CFD account lose money.

eToro at a glance

0% Commissions
Mobile App
ProductsCFDs, ETFs, Stocks, Commodities, Forex, and Cryptocurrencies
Minimum Deposit50$
RegulatorsCySEC, FCA, and ASIC

eToro is the world’s leading social trading platform with over 25 million clients in more than 140 countries. It allows retail account holders to mimic the trades and trading strategies of the most successful clients automatically and in real-time.

Still, it does not only focus on social trading! It is also a multi-asset platform offering many different financial instruments to trade, such as CFDs, ETFs, stocks, commodities, Forex, and cryptocurrencies. eToro provides 0% commission on stock and ETF trading (not all ETFs are commission-free). 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 top-tier financial authorities regulate it like the Financial Conduct Authority (FCA), and it has shown resilience during the Covid-19 market turmoil.

On the downside, it only has one account base currency (USD) and charges a 5$ commission per withdrawal. Plus, cost-free trading only applies when you trade real stocks or ETFs. In other words, if you leverage your positions, you’re trading CFDs and not real stocks or ETFs, and so you will incur spreads and overnight fees.

If you are interested, please read our review of eToro.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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.

TD Ameritrade Alternatives in Italy

# Interactive Brokers

interactive brokers logo
Visit Interactive Brokers

IB at a glance

0% Commissions
Mobile App
ProductsStocks, ETFs, Options, Futures, Forex, Commodities, Bonds and Funds
Minimum Deposit€0
RegulatorsFINRA, SIPC, SEC, CFTC, IIROC, FCA, CBI, AFSL, SFC, SEBI, MAS, MNB

Founded in 1978 and publicly listed in NASDAQ (ticker: IBKR), Interactive Brokers is a global online broker which surpassed 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 150 markets, 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 to more advanced traders. Besides, the customer service gives 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. 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 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.

TD Ameritrade Alternatives in Italy

# Degiro

Degiro Review – Degiro Logo - Investing in the Web
Visit DEGIRO
Investing involves risk of loss.

Degiro at a glance

0% Commissions
Mobile App
ProductsStocks, Funds, ETFs, Futures, Leveraged Products, Bonds, and Warrants
Minimum Deposit€0
RegulatorsAFM, DNB

Founded in 2013, Degiro is a low-cost brokerage firm that has become very popular due to its low rates! With almost 2 million users, 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 some stocks and ETFs for free (a €0.50 flat handling fee – external costs – still applies). You also have a list of 200 ETFs where you may trade once a month completely free with 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, any significant fundamental research is absent, a €2.50 connectivity fee applies, and pricing alerts are missing.

Regarding security, Degiro is the Dutch branch of flatexDEGIRO Bank AG (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 EUR 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 AG will be guaranteed up to an amount of EUR 100,000 under the German Deposit Guarantee Scheme.

Still any doubts? Please go through our Degiro Review!

TD Ameritrade Alternatives in Italy

# Nextmarkets

nextmarkets logo
Visit Nextmarkets

Nextmarkets at a glance

0% Commissions
Mobile App
ProductsShares, ETFs and CFDs on shares, ETFs, indices, forex, bonds, cryptocurrencies, and commodities.
Minimum Deposit1€
RegulatorsMFSA, FCA, BaFin

Founded in 2014, Nextmarkets is an online broker well-tailored for those with a basic understanding of the financial markets. It has a very intuitive and hassle-free mobile app. You can invest in financial products such as shares, ETFs, and CFDs on shares, ETFs, indices, forex, bonds, cryptocurrencies, and commodities.

In addition to the “Do-it-yourself” segment, Nextmarkets sets itself apart from its competitors because it offers “curated investing”. You have probably heard about social trading, where you follow other peoples’ trades. Nextmarkets wants to take the idea of social trading further by allowing you to benefit from the experience of proven experts (called “coaches”) and stock market professionals.

The fee structure is also unique: you only pay spreads. So, there are no fees on deposit, withdrawal, inactivity, currency conversion fees, and even no overnight fees in CFDs (something not usual in most brokers). On the downside, the web platform is quite “buggy”, you have no educational materials, and there is a €1 commission for orders below €250.

Nextmarkets Trading Ltd, the legal name of Nextmarkets, is registered in Malta and, consequently, authorized and regulated by the Malta Financial Services Authority (MFSA). You are protected up to a maximum of €20,000 on your money and assets.

If you want to learn more, check our Nextmarkets Review.

TD Ameritrade Alternatives in Italy

# XTB

XTB Review - XTB Logo
Visit XTB
79% of retail CFD account lose money.

XTB at a glance

0% Commissions(Stocks and ETFs)
Trading PlatformxStation 5
ProductsCFDs, Stocks, Commodities, Forex, and Cryptocurrencies
Minimum Deposit0€
RegulatorsCySEC, FCA, KNF, CNMV, and IFSC

Another world player in the online brokerage industry is XTB. It is regulated by top-tier regulators such as the UK’s FCA, is listed on the Warsaw Stock Exchange and offers a professional trading platform – xStation 5.

Recently, it started offering 0% commission on stocks in Italy, alongside its currently available products like CFDs on several asset classes.

Its research and educational tools are also great when compared to competitors. Because it has multiple offices in Europe, XTB’s customer service is one of the best in the market if you are a European trader.

On the downside, the range of products offered is limited, as it is mostly focused on CFDs, Forex, and Crypto while providing access to real stocks and ETFs in some countries.

That’s XTB in a nutshell! If you want a more detailed review, read our XTB Review.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% 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.

The 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 be compromising the quality of trade execution.

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.

Hope we helped! Please, leave your comments below.

Happy investing!