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eToro vs TD Ameritrade Forex 2019
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall Rating
| Feature | eToro | TD Ameritrade Forex |
| Overall | ||
| eToro Review | TD Ameritrade Forex Review | |
| 75% of retail CFD accounts lose money | N/A of retail CFD accounts lose money |
Regulation
| Feature | eToro | TD Ameritrade Forex |
| Trust Score | 88 | 96 |
|
Year Founded |
2007 | 1955 |
|
Publicly Traded (Listed) |
No | Yes |
|
Bank |
No | Yes |
|
Tier-1 Licenses |
2 | 5 |
|
Tier-2 Licenses |
1 | 0 |
|
Tier-3 Licenses |
0 | 0 |
|
Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses
| Feature | eToro | TD Ameritrade Forex |
|
ASIC Authorised (Australia) |
Yes | No |
|
IIROC Authorised (Canada) |
No | No |
|
SFC Authorised (Hong Kong) |
No | Yes |
|
FSA Authorised (Japan) |
No | No |
|
MAS Authorised (Singapore) |
No | Yes |
|
FINMA Authorised (Switzerland) |
No | No |
|
FCA Authorised (UK) |
Yes | Yes |
|
CFTC Registered (USA) |
No | Yes |
Investments
| Feature | eToro | TD Ameritrade Forex |
|
Forex: Spot Trading |
Yes | Yes |
|
Social Trading / Copy-Trading |
Yes | Yes |
|
Currency Pairs (Total Forex pairs) |
47 | 75 |
|
CFDs - Total Offered |
1980 | 0 |
|
Cryptocurrency traded as actual |
Yes | No |
|
Cryptocurrency traded as CFD |
Yes | No |
| Offering of Investments | ||
| Winner | check_circle |
Cost
| Feature | eToro | TD Ameritrade Forex |
|
Average Spread EUR/USD - Standard |
3 (as of May 19) | N/A |
|
All-in Cost EUR/USD - Active |
N/A | N/A |
|
Active Trader or VIP Discounts |
Yes | Yes |
| Commissions & Fees | ||
| Winner | check_circle |
Funding
| Feature | eToro | TD Ameritrade Forex |
|
Minimum Initial Deposit |
$200 | $0.00 |
|
Bank Wire (Deposit/Withdraw) |
Yes | Yes |
|
Visa/Mastercard (Credit/Debit) |
Yes | No |
|
PayPal (Deposit/Withdraw) |
Yes | No |
|
Skrill (Deposit/Withdraw) |
Yes | No |
Trading Platforms
| Feature | eToro | TD Ameritrade Forex |
|
Proprietary Platform |
Yes | Yes |
|
Desktop Platform (Windows) |
No | Yes |
|
Web Platform |
Yes | No |
|
Social Trading / Copy-Trading |
Yes | Yes |
|
MetaTrader 4 (MT4) |
No | No |
|
MetaTrader 5 (MT5) |
No | No |
|
cTrader |
No | No |
Trading Tools
| Feature | eToro | TD Ameritrade Forex |
|
Virtual Trading (Demo) |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watchlists - Total Fields |
6 | 506 |
|
Charting - Indicators / Studies (Total) |
66 | 403 |
|
Charting - Drawing Tools (Total) |
13 | 20 |
|
Charting - Trade From Chart |
No | Yes |
|
Charting - Drawings Autosave |
Yes | Yes |
|
Order Type - Trailing Stop |
Yes | Yes |
| Platform & Tools | ||
| Winner | check_circle |
Mobile Trading
| Feature | eToro | TD Ameritrade Forex |
|
Android App |
Yes | Yes |
|
Apple iOS App |
Yes | Yes |
|
Trading - Forex |
Yes | Yes |
|
Trading - CFDs |
Yes | No |
|
Alerts - Basic Fields |
No | Yes |
|
Watch List |
Yes | Yes |
|
Watch List Syncing |
Yes | Yes |
|
Charting - Indicators / Studies |
5 | 397 |
|
Charting - Draw Trend Lines |
No | No |
|
Charting - Trend Lines Moveable |
No | No |
|
Charting - Multiple Time Frames |
Yes | Yes |
|
Charting - Drawings Autosave |
No | Yes |
|
Forex Calendar |
No | Yes |
| Mobile Trading | ||
| Winner | check_circle |
Research
| Feature | eToro | TD Ameritrade Forex |
|
Daily Market Commentary |
Yes | Yes |
|
Forex News (Top-Tier Sources) |
No | Yes |
|
Weekly Webinars |
No | No |
|
AutoChartist |
No | No |
|
Trading Central (Recognia) |
No | No |
|
Delkos Research |
No | No |
|
Social Sentiment - Currency Pairs |
Yes | No |
|
Economic Calendar |
Yes | Yes |
| Research | ||
| Winner | check_circle |
Education
| Feature | eToro | TD Ameritrade Forex |
|
Has Education - Forex |
Yes | Yes |
|
Has Education - CFDs |
No | No |
|
Client Webinars |
Yes | Yes |
|
Client Webinars (Archived) |
No | No |
|
Videos - Beginner Trading Videos |
Yes | Yes |
|
Videos - Advanced Trading Videos |
Yes | No |
|
Investor Dictionary (Glossary) |
Yes | Yes |
| Education | ||
| Winner | check_circle |
Major Forex Pairs
| Feature | eToro | TD Ameritrade Forex |
|
GBP/USD |
Yes | Yes |
|
USD/JPY |
Yes | Yes |
|
EUR/USD |
Yes | Yes |
|
USD/CHF |
Yes | Yes |
|
USD/CAD |
Yes | Yes |
|
NZD/USD |
Yes | Yes |
|
AUD/USD |
Yes | Yes |
Overall
| Feature | eToro | TD Ameritrade Forex |
| eToro Review | TD Ameritrade Forex Review | |
| Overall | ||
| Winner | check_circle |
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. TD Ameritrade FX received a rating of 4.00 stars over eToro's 3.50 stars.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. eToro alongside TD Ameritrade FX are regulated in a major hub. TD Ameritrade FX is a publicly traded company, while eToro is not. As far as how many currency pairs are available for trading, here's the answer. eToro trails TD Ameritrade FX by 28 total currency pairs (for example, EUR/USD), with TD Ameritrade FX offering 75 and eToro offering 47.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Neither offers Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. TD Ameritrade FX boasts an offering of 20 charting tools compared to eToro's 14 available charting tools. TD Ameritrade FX boasts an offering of 403 different indicators (for example, moving averages) compared to eToro's 67 available indicators.
eToro Review
TD Ameritrade FX Review
Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.
