{"id":4051,"date":"2023-02-25T19:46:05","date_gmt":"2023-02-25T19:46:05","guid":{"rendered":"https:\/\/www.publicfinanceinternational.org\/?p=4051"},"modified":"2024-03-26T13:33:10","modified_gmt":"2024-03-26T13:33:10","slug":"etoro-vs-td-ameritrade","status":"publish","type":"post","link":"https:\/\/www.publicfinanceinternational.org\/etoro-vs-td-ameritrade\/","title":{"rendered":"eToro vs TD Ameritrade"},"content":{"rendered":"\n

We will compare eToro to TD Ameritrade on this page. This comparison goes over the pros and cons of both TD Ameritrade and eToro.<\/p>\n\n\n\n
TD Ameritrade<\/th>eToro<\/th><\/tr><\/thead>
\"TD
TD Ameritrade is a online broker, based in Westlake, Texas, founded in 1971. TD Ameritrade offers trading of financial securities to its clients. The company is owned by Charles Schwab<\/a> Corporation.<\/td>		\"comparison
eToro is a social\/copy trading platform, offering a wide range of markets, along with 0% commission on stocks. They are regulated in top-tier jurisdictions.
Read Full Review<\/a>

Open Account<\/span><\/a><\/div>

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. {etoroCFDrisk}% of retail investor accounts lose money when trading CFDs with this provider.<\/strong> You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Your capital is at risk. Other fees apply. For more information, visit etoro.com\/trading\/fees. eToro USA LLC does not offer CFDs, only real Crypto assets available.<\/td><\/tr>
Year founded:<\/strong><\/td><\/tr>
1971<\/td>2006<\/td><\/tr>
Regulated by:<\/strong><\/td><\/tr>
SEC, IIROC, SFC, MAS, FCA, CFTC<\/td>FinCEN, FCA, MiFID, CySec, ASIC<\/td><\/tr>
Headquarters:<\/strong><\/td><\/tr>
Westlake, Texas<\/td>London UK, Limassol Cyprus, Sydney Australia, USA<\/td><\/tr>
Is a Bank:<\/strong><\/td><\/tr>
No <\/td>No <\/td><\/tr>
Demo Account:<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>Yes \u2714\ufe0f<\/td><\/tr>
Minimum Deposit:<\/strong><\/td><\/tr>
$0<\/td>$50 – $10,000<\/td><\/tr>
Minimum Trade:<\/strong><\/td><\/tr>
varies<\/td>$25 – $1,000<\/td><\/tr>
Islamic Account:<\/strong><\/td><\/tr>
No<\/td>Yes \u2714\ufe0f<\/td><\/tr>
Social\/Copy Trading:<\/strong><\/td><\/tr>
Yes<\/td>Yes \u2714\ufe0f<\/td><\/tr>
Spread Betting:<\/strong><\/td><\/tr>
No<\/td>No \u274c<\/td><\/tr>
Excluded countries:<\/strong><\/td><\/tr>
Australia, Canada, Germany, India, Ireland, Japan, Netherlands, South Africa, United Arab Emirates, United Kingdom and More<\/td>133<\/td><\/tr><\/tbody><\/table>\n\n\n\n

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.<\/strong><\/p>\n\n\n\n

Types of Products And Markets Available<\/h2>\n\n\n\n

When it comes to markets and investment products available, TD Ameritrade is the better choice. You have many options available, including managed portfolios. <\/p>\n\n\n\n

Etoro is the better choice for social\/copy trading, being the best in the industry in this division. If you live outside the USA, eToro is better.<\/p>\n\n\n\n
TD Ameritrade<\/th>eToro<\/th><\/tr><\/thead>
Markets Available:<\/strong><\/td><\/tr>
Stocks, Options, ETFs, Mutual Funds, Futures, Forex, Cryptocurrency, Managed Portfolios, Bonds, Annuities, IPOs<\/td>Stocks (real), Commodities (CFD), Indices (CFD), Currencies (CFD), Cryptoassets (real and CFD)<\/td><\/tr>
CFDs Total<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>Yes \u2714\ufe0f
2386<\/td><\/tr>
Forex Pairs<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>Yes \u2714\ufe0f
49<\/td><\/tr>
Stocks<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>Yes \u2714\ufe0f
2106 <\/td><\/tr>
Cryptocurrencies<\/strong><\/td><\/tr>
Yes<\/td>Yes \u2714\ufe0f
16<\/td><\/tr>
Commodities<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>Yes \u2714\ufe0f
31<\/td><\/tr>
ETFs<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>No<\/td><\/tr>
Options<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>No \u274c<\/td><\/tr>
EFPs<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>No \u274c<\/td><\/tr>
Mutual Funds<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>No\u274c<\/td><\/tr>
Robo Portfolios<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>No \u274c<\/td><\/tr><\/tbody><\/table>\n\n\n\n

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.<\/strong><\/p>\n\n\n\n

Trading Platforms<\/h2>\n\n\n\n

TD Ameritrade is better for advanced functionality and is available in both English and Chinese. They offer better execution and research for trading complex instruments. If you you want a user-friendly platform, eToro is the better choice. <\/p>\n\n\n\n

In a nutshell, TD Ameritrade is better for advanced traders, while eToro is better for beginner to intermediate traders.<\/p>\n\n\n\n
TD Ameritrade<\/th>eToro<\/th><\/tr><\/thead>
Proprietary Platform:<\/strong><\/td><\/tr>
Yes (ThinkorSwim)<\/td>Yes \u2714\ufe0f<\/td><\/tr>
Desktop Platform:<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>No \u274c<\/td><\/tr>
Mobile App:<\/strong><\/td><\/tr>
Yes \u2714\ufe0f
iOS, Android<\/td>		Yes \u2714\ufe0f
iOS, Android<\/td><\/tr>
Web Trading Platform:<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>Yes \u2714\ufe0f<\/td><\/tr>
MetaTrader:<\/strong><\/td><\/tr>
No<\/td>No<\/td><\/tr>
cTrader:<\/strong><\/td><\/tr>
No<\/td>No<\/td><\/tr>
Mirror Trader:<\/strong><\/td><\/tr>
No<\/td>No<\/td><\/tr>
Zulu Trade:<\/strong><\/td><\/tr>
No<\/td>No<\/td><\/tr>
Dupli Trade:<\/strong><\/td><\/tr>
No<\/td>No<\/td><\/tr><\/tbody><\/table>\n\n\n\n

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.<\/strong><\/p>\n\n\n\n

Fees<\/h2>\n\n\n\n

Comparing the fees of both, eToro is great for stock trading<\/a> as it offers 0% commissions. TD Ameritrade has overall low trading fees and low non-trading fees along with free stock and ETF trading.<\/p>\n\n\n\n
TD Ameritrade<\/th>eToro<\/th><\/tr><\/thead>
Trading Fees:<\/strong><\/td><\/tr>
Yes
Varies<\/td>		Yes
0% Commission on stocks
Spread Varies<\/td><\/tr>
Deposit Fees:<\/strong><\/td><\/tr>
No <\/td>No <\/td><\/tr>
Withdrawal Fees:<\/strong><\/td><\/tr>
$0<\/td>$5 (Bank Transfer)
$5 (Credit Cards, eWallets)<\/td><\/tr>
Overnight Funding:<\/strong><\/td><\/tr>
No<\/td>Yes <\/td><\/tr>
Inactivity Fee:<\/strong><\/td><\/tr>
No<\/td>Yes
$10\/month<\/td><\/tr><\/tbody><\/table>\n\n\n\n

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.<\/strong><\/p>\n\n\n\n

Customer Support<\/h2>\n\n\n\n

Customer support is better at TD Ameritrade. eToro customer support is known for being slow to respond.<\/p>\n\n\n\n
TD Ameritrade<\/th>eToro<\/th><\/tr><\/thead>
eMail:<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>Yes \u2714\ufe0f<\/td><\/tr>
Online Chat:<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>Yes \u2714\ufe0f<\/td><\/tr>
Phone Support:<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>No<\/td><\/tr>
Languages:<\/strong><\/td><\/tr>
Multiple<\/td>15<\/td><\/tr><\/tbody><\/table>\n\n\n\n

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.<\/strong><\/p>\n\n\n\n

Account Funding<\/h2>\n\n\n\n

Account funding is good at both brokers, however eToro has more deposit options.<\/p>\n\n\n\n
TD Ameritrade<\/th>eToro<\/th><\/tr><\/thead>
Deposit Methods:<\/strong><\/td><\/tr>
Credit card, Debit card, or Bank Transfer<\/td>Visa, MasterCard, Skrill, Neteller<\/td><\/tr>
Deposit Fee:<\/strong><\/td><\/tr>
No \u274c<\/td>No \u274c<\/td><\/tr>
Minimum Deposit:<\/strong><\/td><\/tr>
$0<\/td>$50 – $10,000<\/td><\/tr><\/tbody><\/table>\n\n\n\n

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.<\/strong><\/p>\n\n\n\n

Education<\/h2>\n\n\n\n

When it comes to education, TD Ameritrade is the better option. While eToro education is good, TD Ameritrade offers a more comprehensive all-round educational portal.<\/p>\n\n\n\n
TD Ameritrade<\/th>eToro<\/th><\/tr><\/thead>
Video Tutorials:<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>Yes \u2714\ufe0f<\/td><\/tr>
Webinars:<\/strong><\/td><\/tr>
Yes \u2714\ufe0f<\/td>Yes \u2714\ufe0f<\/td><\/tr><\/tbody><\/table>\n\n\n\n

eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.<\/strong><\/p>\n\n\n\n

Verdict<\/h2>\n\n\n\n

Is eToro better than TD Ameritrade? <\/p>\n\n\n\n

eToro is the perfect broker for beginner to intermediate investors, while TD Ameritrade is suitable for advanced and professional US-Based traders.<\/p>\n\n\n\n

Read more eToro Comparisons:<\/p>\n\n\n\n