TD Ameritrade FX vs eToro Review
Is eToro better than TD Ameritrade FX? After scoring forex brokers on nearly 100 different variables, TD Ameritrade FX is better than eToro. For US-based investors and traders, TD Ameritrade’s thinkorswim platform is a sophisticated multi-asset desktop experience optimized for securities trading, including off-exchange spot forex and exchange-traded options and futures (including Bitcoin).
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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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Regulation
Trust Score
Year Founded
Publicly-Traded Company (Listed)
Regulated in Major Hub
Regulated in Emerging Hub
CFTC Registered (USA)
Authorised in the European Union
FCA Regulated (UK)
FINMA Authorised (Switzerland)
ASIC Authorised (Australia)
MAS Authorised (Singapore)
IIROC Authorised (Canada)
SFC Authorised (Hong Kong)
FSA Authorised (Japan)
CySEC Authorised (Cyprus)
FMA Authorised (New Zealand)
Investments
Forex: Spot Trading
Currency Pairs (Total Forex pairs)
CFDs - Total Offered
Cryptocurrency traded as actual
Cryptocurrency traded as CFD
Offering of Investments
Winner
Cost
Average Spread EUR/USD - Standard
All-in Cost EUR/USD - Active
Active Trader or Premium/VIP
Commissions & Fees
Winner
Funding
Minimum Initial Deposit
Bank Wire (Deposit/Withdraw)
Visa/Mastercard (Credit/Debit)
PayPal (Deposit/Withdraw)
Skrill (Deposit/Withdraw)
UnionPay (Deposit/Withdraw)
Trading Platforms
Proprietary Platform
Desktop Platform (Windows)
Web Platform
Social Trading / Copy-Trading
MetaTrader4 (MT4)
MetaTrader5 (MT5)
cTrader
Trading Tools
Virtual Trading (Demo)
Alerts - Basic Fields
Watchlists - Total Fields
Charting - Indicators / Studies (Total)
Charting - Drawing Tools (Total)
Charting - Trade From Chart
Charting - Drawings Autosave
Order Type - Trailing Stop
Platform & Tools
Winner
Mobile Trading
Android App
Apple iOS App
Trading - Forex
Trading - CFDs
Alerts - Basic Fields
Watch List
Watch List Syncing
Charting - Indicators / Studies
Charting - Draw Trend Lines
Charting - Trend Lines Moveable
Charting - Multiple Time Frames
Charting - Drawings Autosave
Forex Calendar
Mobile Trading
Winner
Research
Daily Market Commentary
Forex News (Top-Tier Sources)
Weekly Webinars
AutoChartist
Trading Central (Recognia)
Delkos Research
Social Trading / Copy-Trading
Social Sentiment - Currency Pairs
Economic Calendar
Research
Winner
Education
Has Education - Forex
Has Education - CFDs
Client Webinars
Client Webinars (Archived)
Videos - Beginner Trading Videos
Videos - Advanced Trading Videos
Investor Dictionary (Glossary)
Tutorials/Guide (PDF or Interactive)
Education
Winner
Major Forex Pairs
GBPUSD (or USDGBP)
USDJPY (or JPYUSD)
EURUSD (or USDEUR)
USDCHF (or CHFUSD)
USDCAD (or CADUSD)
NZDUSD (or USDNZD)
AUDUSD (or USDAUD)
USDCNH (or CNHUSD)
USDSGD (or SGDUSD)
Overall
Overall
Winner
Get up to $600 + Trade Commission-Free for 60 Days Learn More
94
1955
Yes
Yes
No
Yes
Yes
Yes
No
No
Yes
Yes
Yes
No
No
No
Yes
75
0
No
No
N/A
N/A
Yes
check_circle
$0.00
Yes
No
No
No
No
Yes
Yes
No
Yes
No
No
No
Yes
Yes
506
403
20
Yes
Yes
Yes
check_circle
Yes
Yes
Yes
No
Yes
Yes
Yes
397
No
No
Yes
Yes
Yes
check_circle
Yes
Yes
No
No
No
No
Yes
No
Yes
check_circle
Yes
No
Yes
No
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
No
check_circle
86
2007
No
Yes
Yes
Yes
Yes
Yes
No
Yes
No
No
No
No
Yes
No
Yes
47
1449
Yes
Yes
check_circle
3
N/A
Yes
$200
Yes
Yes
Yes
Yes
No
Yes
No
Yes
Yes
No
No
No
Yes
Yes
6
67
14
No
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
5
No
No
Yes
No
No
Yes
No
No
No
No
No
Yes
Yes
Yes
Yes
No
Yes
No
Yes
Yes
Yes
No
check_circle
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
To find the top fx brokers, the team here at ForexBrokers.com collected over 2,200 data points during a several 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 is a better option with a 4.00 star rating over eToro's 3.50 star rating.
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. eToro trails TD Ameritrade FX by 28 total currency pairs (for example, EUR/USD), with TD Ameritrade FX offering 75 and eToro offering 47.
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 offers its clients access to 20 charting tools while eToro has 14 charting tools, a difference of 6. eToro trails TD Ameritrade FX by 336 total different indicators (for example, moving averages), with TD Ameritrade FX offering 403 and eToro offering 67.
eToro Review
TD Ameritrade FX Review
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 is a better option with a 4.00 star rating over eToro's 3.50 star rating.
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. eToro trails TD Ameritrade FX by 28 total currency pairs (for example, EUR/USD), with TD Ameritrade FX offering 75 and eToro offering 47.
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 offers its clients access to 20 charting tools while eToro has 14 charting tools, a difference of 6. eToro trails TD Ameritrade FX by 336 total different indicators (for example, moving averages), with TD Ameritrade FX offering 403 and eToro offering 67.
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.
