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 Name||eToro||TD Ameritrade|
|Regulation||FCA, ASIC, CySEC||SEC, CFTC, FINRA|
|Tradable Assets||Stock, ETF, Forex, Fund, Bond, Options, Futures, CFD, Crypto, Warrants, Structured Products||Futures, Bond, Fund, Forex, Stock, ETF, Options|
|Platforms||Web, Social Trading||iOS and Android|
|Free of charge||Free for US residents, wire transfer for non US|
|Withdrawals||Free of charge||Free 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:
- eToro is the leading social trading broker with competitive prices and many tradeable assets.
- TD Ameritrade is a trustworthy broker with reliable learning tools.
- 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.
|Commissions & Fees||4||3.5|
|Offering of Investments||4.5||4.5|
|Platforms & Tools||4||4.5|
|67% of retail CFD accounts lose money||N/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.
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.
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.
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 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.
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.
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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.