To find the top fx brokers
, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare eToro vs TD Ameritrade FX.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. TD Ameritrade FX's score is 4.00 stars versus eToro's 3.50 stars.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. Both eToro and TD Ameritrade FX are regulated in a major hub. TD Ameritrade FX is a publicly traded company, eToro isn't. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. TD Ameritrade FX boasts an offering of 77 different currency pairs compared to eToro's 47 available pairs.
To round out our comparison of eToro vs TD Ameritrade FX, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Neither offers Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators 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 377 different indicators (for example, moving averages) compared to eToro's 66 available indicators.
Overall, TD Ameritrade FX takes the upper hand with 4.50 stars over eToro's 4.00 stars. And, when it comes to individual category awards, TD Ameritrade FX was rated Best in Class - Mobile Trading in 2018, while eToro was rated Best in Class - Customer Service.