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TD Ameritrade FX vs eToro Review

Steven Hatzakis

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
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 Authorised (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 VIP Discounts
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
MetaTrader 4 (MT4)
MetaTrader 5 (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
4.5
N/A of retail CFD accounts lose money
94
1955
Yes
Yes
No
Yes
Yes
Yes
No
No
Yes
No
Yes
No
No
No
Yes
75
0
No
No
4
N/A
N/A
Yes
4
check_circle
$0.00
Yes
No
No
No
No
Yes
Yes
No
Yes
No
No
No
Yes
Yes
506
403
20
Yes
Yes
Yes
4.5
check_circle
Yes
Yes
Yes
No
Yes
Yes
Yes
397
No
No
Yes
Yes
Yes
4
check_circle
Yes
Yes
No
No
No
No
Yes
No
Yes
4.5
check_circle
Yes
No
Yes
No
Yes
No
Yes
Yes
4
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
No
4.5
check_circle
4
66% of retail CFD accounts lose money
86
2007
No
Yes
Yes
Yes
Yes
Yes
No
Yes
No
No
No
No
Yes
No
Yes
47
1449
Yes
Yes
4
check_circle
3 (as of May 19)
N/A
Yes
3.5
$200
Yes
Yes
Yes
Yes
No
Yes
No
Yes
Yes
No
No
No
Yes
Yes
6
67
14
No
Yes
Yes
4
Yes
Yes
Yes
Yes
No
Yes
Yes
5
No
No
Yes
No
No
4
Yes
No
No
No
No
No
Yes
Yes
Yes
3
Yes
No
Yes
No
Yes
Yes
Yes
No
4
check_circle
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
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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