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TD Ameritrade vs eToro 2023

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Written by ForexBrokers.com

December 27, 2022

Is TD Ameritrade better than eToro? In our analysis of 23 international regulators across 62 of the best forex brokers, TD Ameritrade FX is considered low-risk, with an overall Trust Score of 99 out of 99. eToro is considered low-risk, with an overall Trust Score of 93 out of 99. Learn more about Trust Score.

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Overall RatingTD AmeritradeeToro
Overall Rating 5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 4.5/5 Stars
Offering of Investments 5/5 Stars 5/5 Stars
Platform & Tools 5/5 Stars 4.5/5 Stars
Mobile Trading 5/5 Stars 4.5/5 Stars
Research 5/5 Stars 4.5/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score 99 93
Winner check_circle
Review TD Ameritrade Review eToro Review
RegulationTD AmeritradeeToro
Trust Score 99 93
Year Founded 1955 2007
Publicly Traded (Listed) Yes No
Bank Yes No
Authorised in European Union Yes info Yes info
Tier-1 Licenses 4 2
Tier-2 Licenses 0 1
Tier-3 Licenses 0 0
Tier-1 Licenses (High Trust)TD AmeritradeeToro
ASIC Authorised (Australia) No Yes
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) Yes No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) Yes No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes Yes
CFTC Registered (USA) Yes No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)TD AmeritradeeToro
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) No Yes
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)TD AmeritradeeToro
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsTD AmeritradeeToro
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 0 3458
Forex Pairs (Total) 73 49
U.S. Stock Trading (Non CFD) Yes Yes
Int'l Stock Trading (Non CFD) Yes Yes
Social Trading / Copy Trading No Yes
Cryptocurrency (Physical) No Yes
Cryptocurrency (CFD) No Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostTD AmeritradeeToro
Average Spread EUR/USD - Standard 1.25 info 1 info
All-in Cost EUR/USD - Active 1.25 info N/A
Active Trader or VIP Discounts No Yes
Execution: Agency Broker Yes Yes
Execution: Market Maker No Yes
FundingTD AmeritradeeToro
Minimum Deposit $0 $10-$10,000
PayPal (Deposit/Withdraw) No Yes
Skrill (Deposit/Withdraw) No Yes
Visa/Mastercard (Credit/Debit) No Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsTD AmeritradeeToro
Proprietary Platform Yes Yes
Desktop Platform (Windows) Yes No
Web Platform Yes Yes
Social Trading / Copy Trading No Yes
MetaTrader 4 (MT4) No No
MetaTrader 5 (MT5) No No
cTrader No No
DupliTrade No No
ZuluTrade No No
Trading ToolsTD AmeritradeeToro
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 564 6
Charting - Indicators / Studies (Total) 360 66
Charting - Drawing Tools (Total) 23 13
Charting - Trade From Chart Yes No
Charts can be saved Yes Yes
Mobile TradingTD AmeritradeeToro
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing Yes Yes
Mobile Charting - Indicators / Studies 360 5
Mobile Charting - Draw Trendlines Yes No
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave Yes No
Forex Calendar Yes No
ResearchTD AmeritradeeToro
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes No
Autochartist No No
Trading Central (Recognia) No Yes
Social Sentiment - Currency Pairs No Yes
Economic Calendar Yes Yes
EducationTD AmeritradeeToro
Has Education - Forex or CFDs Yes Yes
Client Webinars Yes Yes
Client Webinars (Archived) Yes Yes
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos Yes Yes
Investor Dictionary (Glossary) Yes Yes
Major Forex PairsTD AmeritradeeToro
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
Review TD Ameritrade Review eToro Review
OverallTD AmeritradeeToro
Overall Rating 5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 4.5/5 Stars
Offering of Investments 5/5 Stars 5/5 Stars
Platform & Tools 5/5 Stars 4.5/5 Stars
Mobile Trading 5/5 Stars 4.5/5 Stars
Research 5/5 Stars 4.5/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score 99 93
Winner check_circle
Review TD Ameritrade Review eToro Review
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TD Ameritrade vs eToro Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare TD Ameritrade vs eToro.

Does TD Ameritrade or eToro 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 TD Ameritrade or eToro safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. TD Ameritrade holds 4 global Tier-1 licenses, while eToro holds 2. eToro holds 1 global Tier-2 licenses, while TD Ameritrade holds 0. In our analysis of 23 international regulators across 50 brokers, TD Ameritrade earned a higher Trust Score than eToro.

Which trading platform is better: TD Ameritrade or eToro?

To compare the trading platforms of both TD Ameritrade and eToro, 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. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

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 49 available pairs. Forex pairs aside, eToro offers traders access to 3458 CFDs while TD Ameritrade has 0 available CFDs, a difference of 3458.

Can I trust TD Ameritrade?

TD Ameritrade FX is publicly-traded, does operate a bank, and is authorised by five tier-1 regulators (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). TD Ameritrade FX is authorised by the following tier-1 regulators: Investment Industry Regulatory Organization of Canada (IIROC), Securities Futures Commission (SFC), Monetary Authority of Singapore (MAS), Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC).

Can I trust eToro?

eToro is not publicly traded and does not operate a bank. eToro is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). eToro is authorised by the following tier-1 regulators: Australian Securities & Exchange Commission (ASIC) and the Financial Conduct Authority (FCA).

Is TD Ameritrade good?

TD Ameritrade’s thinkorswim platform offers over 70 tradeable currency pairs alongside a plethora of impressive tools, research, and education. For traders in the U.S., TD Ameritrade provides the ultimate trading technology experience.

Is eToro good?

eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.

Overall winner: TD Ameritrade

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

TD Ameritrade, Inc. and StockBrokers.com are separate, unaffiliated companies and are not responsible for each other’s services and products.

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