Home Brokers comparison eToro vs. TD Ameritrade

eToro vs. TD Ameritrade

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eToro and TD Ameritrade are leading online brokers. eToro offers excellent social trading tools and impressive platforms. It has top-tier licenses from the ASIC and FCA. eToro is a top choice for professional traders as it has limited research and educational tools. 

Broker NameeToroTD Ameritrade
Year Founded20071975
RegulationFCA, ASIC, CySECSEC, CFTC, FINRA
Tradable AssetsStock, ETF, Forex, Fund, Bond, Options, Futures, CFD, Crypto, Warrants, Structured ProductsFutures, Bond, Fund, Forex, Stock, ETF, Options
Min Deposit$200$0
Min Trade$0Low
PlatformsWeb, Social TradingiOS and Android

Deposit
Free of chargeFree for US residents, wire transfer for non US
WithdrawalsFree of chargeFree for US residents, wire transfer for non US

TD Ameritrade is the leading US-based stockbroker with a reliable platform. It has competitive fees and a versatile portfolio. TD Ameritrade has excellent learning tools, which is why it is a top choice for new traders. 

Both online brokers have strengths and weaknesses. This article discusses the differences between TD Ameritrade and eToro. 

Top findings from the eToro vs. TD Ameritrade review:  

  1. eToro is the leading social trading broker with competitive prices and many tradeable assets. 
  1. TD Ameritrade is a trustworthy broker with reliable learning tools. 
  1. Both brokers offer a virtual trading account to test their offering. 

We recommend eToro for experienced traders who look for premium social trading tools and platforms. TD Ameritrade is a good choice for investors of all levels of experience. 

Overall Rating

FeatureeToro TD Ameritrade
Overall44.5
Commissions & Fees43.5
Offering of Investments4.54.5
Platforms & Tools44.5
Mobile Trading44.5
Research44.5
Education44
Trust Score9398
WinnerYES
67% of retail CFD accounts lose moneyN/A of retail CFD accounts lose money

Level of experience  

Beginner traders prefer TD Ameritrade over eToro. TD Ameritrade has educational materials, Paper Trading, and many other helpful learning tools. This broker has straightforward platforms and premium trading tools. TD Ameritrade is excellent for U.S.-based traders of all levels of experience. 

eToro is the leading social trading broker with helpful research tools, including social sentiment and an economic calendar. It has limited research and education tools, which is why we recommend it for advanced traders. 

Fees  

The minimum initial deposit fee at eToro is $200, while TD Ameritrade doesn’t charge a fee for creating new accounts. The average EUR/USD spread at eToro is 1, while at TD Ameritrade is 1.065. Both brokers offer an active trader discount. 

Assets 

TD Ameritrade offers 73 forex currency pairs, while eToro has 47 available pairs. eToro provides access to 2314 CFDs, while TD Ameritrade has 0 available CFDs. 

Trading platform  

eToro has an excellent social trading platform with dedicated research tools. It offers a virtual trading account and a premium social trading app. eToro is a top choice for professional traders, as its trading tools and market data are limited. 

TD Ameritrade has reliable platforms focused on learning tools. It offers professional research and education tools on all its platforms. TD Ameritrade provides a better experience and superior market data. It is a good fit for both beginner and advanced traders. 

Banking services  

Banking services are an asset for traders of all levels of experience. eToro offers bank transfers, credit/debit cards, PayPal, and Skrill. TD Ameritrade provides bank transfers as its funding solution. 

Final verdict  

eToro and TD Ameritrade are leading online brokers. Both have strengths and weaknesses, depending on your skills, needs, and trading experience. We recommend eToro to experienced traders looking for top-tier social trading tools. TD Ameritrade is a good choice for traders of all levels of experience. 


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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