InvestorGreg.net is compensated in exchange for featured placement of sponsored products and services, or your clicking on links posted on this website. That's how we make money. This compensation may impact how, where and in what order products appear. InvestorGreg.net does not include all companies or all available products. We will never allow advertisers to influence our opinion of financial products that appear on this site.
Comparison eToro vs TD Ameritrade
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare eToro vs TD Ameritrade. Which of them: eToro or TD Ameritrade a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of eToro on regular transactions of the stock exchange is 0.09% spread per side, and TD Ameritrade has a commission fee of $6.95. Now, let’s compare commission fees in Forex, the commission fee of eToro is from 3 pips, and the commission fee of TD Ameritrade is $0.10 per 1,000 units. You can read more detailed information on commission fees in the online broker reviews.
It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, ETFs Trading, Forex Trading, Crypto Trading are provided to customers by eToro and Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading are provided by TD Ameritrade. As for platforms, eToro offers Web Platform, Android App, iOS App, while TD Ameritrade offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.
In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. eToro was founded in 2007 in Cyprus, and it is regulated by CySEC, FCA, ASIC. And TD Ameritrade was founded in 1975 in USA, and it is regulated by SEC, FINRA. Withdrawal of funds from eToro can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $25. And TD Ameritrade provides the ability to withdraw funds using Bank Wire with a withdrawal fee of free. The withdrawal time for eToro is within 1 business day, and that one for TD Ameritrade is one Business Day.
As a result, the rating of eToro is 4.5 stars versus that of TD Ameritrade of 4.5 stars.