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TD Ameritrade vs eToro 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is TD Ameritrade better than eToro? In our analysis of 23 international regulators across 39 of the best forex brokers, TD Ameritrade FX is considered low-risk, with an overall Trust Score of 99 out of 99. eToro is considered low-risk, with an overall Trust Score of 93 out of 99. Learn more about Trust Score.

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Overall RatingTD AmeritradeeToroIG
Overall Rating5 Stars4.5 Stars5 Stars
Commissions & Fees4 Stars4.5 Stars5 Stars
Offering of Investments5 Stars5 Stars5 Stars
Platform & Tools5 Stars4.5 Stars5 Stars
Mobile Trading5 Stars4.5 Stars5 Stars
Research5 Stars4.5 Stars5 Stars
Education4.5 Stars4 Stars5 Stars
Trust Score999399
Winnercheck_circle
ReviewTD Ameritrade RevieweToro ReviewIG Review
RegulationTD AmeritradeeToroIG
Trust Score999399
Year Founded195520071974
Publicly Traded (Listed)YesNoYes
BankYesNoYes
Tier-1 Licenses427
Tier-2 Licenses012
Tier-3 Licenses001
Authorised in European UnionYesYesYes
About RegulationA “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)TD AmeritradeeToroIG
ASIC Authorised (Australia)NoYesYes
IIROC Authorised (Canada)NoNoNo
SFC Authorised (Hong Kong)YesNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)YesNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)YesYesYes
CFTC Registered (USA)YesNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)TD AmeritradeeToroIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)NoYesNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)NoNoYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)NoNoYes
Tier-3 Licenses (Low Trust)TD AmeritradeeToroIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)NoNoNo
InvestmentsTD AmeritradeeToroIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)0345819537
Forex Pairs (Total)7349100
U.S. Stock Trading (Non CFD)YesYesYes
Int'l Stock Trading (Non CFD)YesYesYes
Social Trading / Copy TradingNoYesYes
Cryptocurrency (Physical)NoYesNo
Cryptocurrency (CFD)NoYesYes
DisclaimersNote: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostTD AmeritradeeToroIG
Average Spread EUR/USD - Standard1.25 pips (September 2022)1 (August 2021)0.86 (September 2022)
All-in Cost EUR/USD - Active1.25 pips (September 2022)N/A0.5957 (September 2022)
Active Trader or VIP DiscountsNoYesYes
Execution: Agency BrokerYesYesYes
Execution: Market MakerNoYesYes
FundingTD AmeritradeeToroIG
Minimum Initial Deposit$0$10-$10,000£250.00
PayPal (Deposit/Withdraw)NoYesYes
Skrill (Deposit/Withdraw)NoYesNo
Visa/Mastercard (Credit/Debit)NoYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsTD AmeritradeeToroIG
Proprietary PlatformYesYesYes
Desktop Platform (Windows)YesNoYes
Web PlatformYesYesYes
Social Trading / Copy TradingNoYesYes
MetaTrader 4 (MT4)NoNoYes
MetaTrader 5 (MT5)NoNoNo
cTraderNoNoNo
DupliTradeNoNoNo
ZuluTradeNoNoNo
Trading ToolsTD AmeritradeeToroIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields564614
Charting - Indicators / Studies (Total)3606633
Charting - Drawing Tools (Total)231320
Charting - Trade From ChartYesNoYes
Charts can be savedYesYesYes
Mobile TradingTD AmeritradeeToroIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingYesYesYes
Mobile Charting - Indicators / Studies360533
Mobile Charting - Draw TrendlinesYesNoYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveYesNoYes
Forex CalendarYesNoYes
ResearchTD AmeritradeeToroIG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)YesNoYes
AutochartistNoNoYes
Trading Central (Recognia)NoYesNo
Social Sentiment - Currency PairsNoYesYes
Economic CalendarYesYesYes
EducationTD AmeritradeeToroIG
Has Education - Forex or CFDsYesYesYes
Client WebinarsYesYesYes
Client Webinars (Archived)YesYesYes
Videos - Beginner Trading VideosYesYesYes
Videos - Advanced Trading VideosYesYesYes
Investor Dictionary (Glossary)YesYesYes
Major Forex PairsTD AmeritradeeToroIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewTD Ameritrade RevieweToro ReviewIG Review
OverallTD AmeritradeeToroIG
Overall Rating5 Stars4.5 Stars5 Stars
Commissions & Fees4 Stars4.5 Stars5 Stars
Offering of Investments5 Stars5 Stars5 Stars
Platform & Tools5 Stars4.5 Stars5 Stars
Mobile Trading5 Stars4.5 Stars5 Stars
Research5 Stars4.5 Stars5 Stars
Education4.5 Stars4 Stars5 Stars
Trust Score999399
Winnercheck_circle
ReviewTD Ameritrade RevieweToro ReviewIG Review
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TD Ameritrade vs eToro Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare TD Ameritrade vs eToro.

Does TD Ameritrade or eToro offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is TD Ameritrade or eToro safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. TD Ameritrade holds 4 global Tier-1 licenses, while eToro holds 2. eToro holds 1 global Tier-2 licenses, while TD Ameritrade holds 0. In our analysis of 23 international regulators across 50 brokers, TD Ameritrade earned a higher Trust Score than eToro.

Which trading platform is better: TD Ameritrade or eToro?

To compare the trading platforms of both TD Ameritrade and eToro, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

TD Ameritrade provides traders 73 currency pairs (e.g., EUR/USD) compared to eToro's 49 available pairs. Forex pairs aside, eToro offers traders access to 3458 CFDs while TD Ameritrade has 0 available CFDs, a difference of 3458.

Can I trust TD Ameritrade?

TD Ameritrade FX is publicly-traded, does operate a bank, and is authorised by five tier-1 regulators (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). TD Ameritrade FX is authorised by the following tier-1 regulators: Investment Industry Regulatory Organization of Canada (IIROC), Securities Futures Commission (SFC), Monetary Authority of Singapore (MAS), Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC).

Can I trust eToro?

eToro is not publicly traded and does not operate a bank. eToro is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). eToro is authorised by the following tier-1 regulators: Australian Securities & Exchange Commission (ASIC) and the Financial Conduct Authority (FCA).

Is TD Ameritrade good?

TD Ameritrade’s thinkorswim platform offers over 70 tradeable currency pairs alongside a plethora of impressive tools, research, and education. For traders in the U.S., TD Ameritrade provides the ultimate trading technology experience.

Is eToro good?

eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.

Overall winner: IG

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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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