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

TD Ameritrade Forex vs eToro 2020

Is eToro better than TD Ameritrade Forex? After testing 30 of the best forex brokers over five months, TD Ameritrade Forex is better than eToro. With nearly 80 currency pairs to trade alongside a plethora of trading tools and research, TD Ameritrade’s thinkorswim platform provides US-based forex traders a winning 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 Forex eToro
Overall 4.5 4
TD Ameritrade Forex Review eToro Review
N/A of retail CFD accounts lose money 75% of retail CFD accounts lose money

Regulation

Feature TD Ameritrade Forex eToro
Trust Score 96 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

Feature TD Ameritrade Forex 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 Forex eToro
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
75 47
CFDs - Total Offered
0 1980
Cryptocurrency traded as actual
No Yes
Cryptocurrency traded as CFD
No Yes
Offering of Investments 4.5 4.5
Winner check_circle

Cost

Feature TD Ameritrade Forex eToro
Average Spread EUR/USD - Standard
1.065 pips (Sep 2019) 3 (as of May 19)
All-in Cost EUR/USD - Active
1.065 pips (Sep 2019) N/A
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 4 3
Winner check_circle

Funding

Feature TD Ameritrade Forex 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 Forex 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

Trading Tools

Feature TD Ameritrade Forex 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
Platform & Tools 4.5 4
Winner check_circle

Mobile Trading

Feature TD Ameritrade Forex 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
397 5
Charting - Draw Trend Lines
No No
Charting - Trend Lines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes No
Mobile Trading 4.5 4
Winner check_circle

Research

Feature TD Ameritrade Forex 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
Research 4.5 4
Winner check_circle

Education

Feature TD Ameritrade Forex eToro
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
No Yes
Investor Dictionary (Glossary)
Yes Yes
Education 4 4
Winner check_circle

Major Forex Pairs

Feature TD Ameritrade Forex 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 Forex eToro
TD Ameritrade Forex Review eToro Review
Overall 4.5 4
Winner check_circle

Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let's compare eToro vs TD Ameritrade Forex.

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

Is eToro or TD Ameritrade Forex 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 Forex holds 5 global Tier-1 licenses, while eToro holds 2. eToro holds 1 global Tier-2 licenses, while TD Ameritrade Forex holds 0. All regulators considered, TD Ameritrade Forex has a Trust Score of 96.00, while eToro's Trust Score is 91.00.

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

How many forex pairs and CFDs are available to trade?
TD Ameritrade Forex provides traders 75 currency pairs (e.g., EUR/USD) compared to eToro's 47 available pairs. Forex pairs aside, eToro offers traders access to 1980 CFDs while TD Ameritrade Forex has 0 available CFDs, a difference of 1,980.

Overall, between eToro and TD Ameritrade Forex, TD Ameritrade Forex is the better forex broker.

eToro Review
TD Ameritrade Forex Review

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 web site as of 01/20/2020 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