Page Summary
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.
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eToro
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. eToro AUS Capital Limited AFSL 491139. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. OTC Derivatives are speculative and leveraged. Not suitable for all investors. See PDS and TMD. Cryptoassets are highly volatile and unregulated in the UK. No consumer protection. Tax on profits may apply.
TD Ameritrade
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:30 | 1:2 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | $5 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | $10 a month after one year | 0 |
| Cost Per Trade | N/A | 0 |
| Cost Per Month | N/A | 0 |
| Forex (EUR/USD) | 1.1 pip | 1.3 pips |
| Stocks & ETF | 0 | $6.95 |
| CFD (Gold) | 5 pip | 0 |
| Crypto | 0 | 0 |
| Options | 0 | 0.65 per options contract fee |
| Conversion Fees | 0 | $75 transfer fee |
| Misc. Fees | 0 | 0 |
| Overnight Fees | 0 |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $50 | 0 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 2.800 | 3700 |
| ETF & Funds | 0 | 13000 |
| Crypto | 30 | 0 |
| Commodities | 0 | 10 |
| Indices | 0 | 12 |
| Options | 0 | 0 |
| Futures | 0 | 70 |
| Bonds | 0 | 40000 |
| Forex | 49 | 70 |
| CFD Indices & Funds | 250 | 0 |
| CFD Stocks | 2800 | 0 |
| CFD Commodities | 54 | 0 |
| CFD Crypto | 32 | 0 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | English / Spanish | |
| Personal Account Manager |
Winner
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.
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.
eToro compared to other brokers:
Disclaimer:
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that 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 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.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.