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eToro vs TD Ameritrade Forex 2019

Is eToro better than TD Ameritrade FX? After assessing 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).
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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Overall Rating

Feature eToro TD Ameritrade Forex
Overall 4 4.5
eToro Review TD Ameritrade Forex Review
75% of retail CFD accounts lose money N/A of retail CFD accounts lose money

Regulation

Feature eToro TD Ameritrade Forex
Trust Score 88 96
Year Founded
2007 1955
Publicly Traded (Listed)
No Yes
Bank
No Yes
Tier-1 Licenses
2 5
Tier-2 Licenses
1 0
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

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

Investments

Feature eToro TD Ameritrade Forex
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
47 75
CFDs - Total Offered
1980 0
Cryptocurrency traded as actual
Yes No
Cryptocurrency traded as CFD
Yes No
Offering of Investments 4 4
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Cost

Feature eToro TD Ameritrade Forex
Average Spread EUR/USD - Standard
3 (as of May 19) N/A
All-in Cost EUR/USD - Active
N/A N/A
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 3.5 4
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Funding

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

Trading Platforms

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

Trading Tools

Feature eToro TD Ameritrade Forex
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
6 506
Charting - Indicators / Studies (Total)
66 403
Charting - Drawing Tools (Total)
13 20
Charting - Trade From Chart
No Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 4 4.5
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Mobile Trading

Feature eToro TD Ameritrade Forex
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes No
Alerts - Basic Fields
No Yes
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
5 397
Charting - Draw Trend Lines
No No
Charting - Trend Lines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No Yes
Forex Calendar
No Yes
Mobile Trading 4 4
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Research

Feature eToro TD Ameritrade Forex
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
No Yes
Weekly Webinars
No No
AutoChartist
No No
Trading Central (Recognia)
No No
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes
Research 3 4.5
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Education

Feature eToro TD Ameritrade Forex
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
Yes No
Investor Dictionary (Glossary)
Yes Yes
Education 4 4
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Major Forex Pairs

Feature eToro TD Ameritrade Forex
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 eToro TD Ameritrade Forex
eToro Review TD Ameritrade Forex Review
Overall 4 4.5
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After spending several months and hundreds of hours researching 28 different forex brokers for trading FX, our team at ForexBrokers.com team collected over 2,200 data points. For this review, we will compare eToro vs TD Ameritrade FX.

To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. TD Ameritrade FX received a rating of 4.00 stars over eToro's 3.50 stars.

Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. eToro alongside TD Ameritrade FX are regulated in a major hub. TD Ameritrade FX is a publicly traded company, while eToro is not. As far as how many currency pairs are available for trading, here's the answer. eToro trails TD Ameritrade FX by 28 total currency pairs (for example, EUR/USD), with TD Ameritrade FX offering 75 and eToro offering 47.

Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Neither offers Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made 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 403 different indicators (for example, moving averages) compared to eToro's 67 available indicators.

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.

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