ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure

TD Ameritrade vs eToro 2021

Is eToro better than TD Ameritrade? After testing 27 of the best forex brokers over five months, TD Ameritrade is better than TD Ameritrade. With over 70 currency pairs to trade alongside a plethora of tools, research, and education, TD Ameritrade's thinkorswim platform provides US-based forex traders the ultimate trading technology experience.


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.

Get up to $600 + Trade Commission-Free for 60 Days Visit Site
Visit Site >

Overall Rating

Feature TD Ameritrade eToro
Overall 4.5 4
Commissions & Fees 3.5 4
Offering of Investments 4.5 4.5
Platforms & Tools 4.5 4
Mobile Trading 4.5 4
Research 4.5 4
Education 4 4
Trust Score 98 91
TD Ameritrade Review eToro Review
Winner check_circle
N/A of retail CFD accounts lose money 75% of retail CFD accounts lose money

Regulation

Feature TD Ameritrade eToro
Trust Score 98 91
Year Founded
1955 2007
Publicly Traded (Listed)
Yes No
Bank
Yes No
Tier-1 Licenses
5 2
Tier-2 Licenses
0 1
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

Feature TD Ameritrade eToro
ASIC Authorised (Australia)
No Yes
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
Yes No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
Yes No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
Yes No

Investments

Feature TD Ameritrade eToro
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
73 47
CFDs - Total Offered
0 2314
Cryptocurrency traded as actual
No Yes
Cryptocurrency traded as CFD
No Yes

Cost

Feature TD Ameritrade eToro
Average Spread EUR/USD - Standard
1.065 pips (Sep 2019) 1 (August 2020)
All-in Cost EUR/USD - Active
1.065 pips (Sep 2019) N/A
Active Trader or VIP Discounts
Yes Yes

Funding

Feature TD Ameritrade eToro
Minimum Initial Deposit
$0.00 $200
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
No Yes
PayPal (Deposit/Withdraw)
No Yes
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

Feature TD Ameritrade eToro
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes No
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
No No
MetaTrader 5 (MT5)
No No
cTrader
No No
DupliTrade
No No
ZuluTrade
No No

Trading Tools

Feature TD Ameritrade eToro
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
548 6
Charting - Indicators / Studies (Total)
382 66
Charting - Drawing Tools (Total)
20 13
Charting - Trade From Chart
Yes No
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature TD Ameritrade eToro
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
No Yes
Alerts - Basic Fields
Yes No
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
348 5
Charting - Draw Trendlines
Yes No
Charting - Trendlines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes No

Research

Feature TD Ameritrade eToro
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes No
Weekly Webinars
No No
AutoChartist
No No
Trading Central (Recognia)
No No
Delkos Research
No No
Social Sentiment - Currency Pairs
No Yes
Economic Calendar
Yes Yes

Education

Feature TD Ameritrade eToro
Has Education - Forex
Yes Yes
Has Education - CFDs
No No
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes No
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes Yes
Investor Dictionary (Glossary)
Yes Yes

Major Forex Pairs

Feature TD Ameritrade eToro
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 TD Ameritrade eToro
Overall 4.5 4
Commissions & Fees 3.5 4
Offering of Investments 4.5 4.5
Platforms & Tools 4.5 4
Mobile Trading 4.5 4
Research 4.5 4
Education 4 4
Trust Score 98 91
TD Ameritrade Review eToro Review

Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare eToro vs TD Ameritrade.

Does eToro or TD Ameritrade 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, eToro offers better pricing overall for traders.

Is eToro or TD Ameritrade safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. TD Ameritrade holds 5 global Tier-1 licenses, while eToro holds 2. eToro holds 1 global Tier-2 licenses, while TD Ameritrade holds 0. All regulators considered, TD Ameritrade has a Trust Score of 98.00, while eToro's Trust Score is 91.00.

Which trading platform is better: eToro or TD Ameritrade?
To compare the trading platforms of both eToro and TD Ameritrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TD Ameritrade offers a better experience. With research, TD Ameritrade offers superior market research. Finally, we found TD Ameritrade 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. eToro and TD Ameritrade both offer copy trading. Neither broker offers Meta Trader.

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 47 available pairs. Forex pairs aside, eToro offers traders access to 2314 CFDs while TD Ameritrade has 0 available CFDs, a difference of 2,314.

Overall winner: TD Ameritrade

Read Next: Best Forex Brokers 2021

Related Comparisons

Trading CFDs, FX, and cryptocurrencies involve 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 website as of 12/14/2020 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.

The names, products, services, branding/logos, and other trademarks or images featured or cited within this Website (www.forexbrokers.com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with ForexBrokers.com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses ForexBrokers.com or any of its reviews, products, or services. ForexBrokers.com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.

arrow_drop_upBack to top