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TD Ameritrade vs eToro 2023

StockBrokers.com

Written by StockBrokers.com

February 23, 2023

Is TD Ameritrade better than eToro? After testing 17 of the best online brokers over three months, TD Ameritrade (97.39%) is better than eToro (72.74%). TD Ameritrade delivers $0 trades, fantastic trading platforms, excellent market research, industry-leading education for beginners and reliable customer service. This outstanding all-around experience makes TD Ameritrade one of our top overall brokers in 2023, in which it placed among Best in Class in several categories including options trading and best for beginners.

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Overall RatingTD AmeritradeeToro
Overall 5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 5/5 Stars 2.5/5 Stars
Platforms & Tools 5/5 Stars 3.5/5 Stars
Mobile Trading Apps 5/5 Stars 3.5/5 Stars
Research 5/5 Stars 3/5 Stars
Customer Service 4.5/5 Stars N/A
Education 5/5 Stars 2.5/5 Stars
Ease Of Use 5/5 Stars 4/5 Stars
Winner check_circle
Review TD Ameritrade Review eToro Review
Trading FeesTD AmeritradeeToro
Minimum Deposit $0.00 $10.00
Stock Trades $0.00 $0.00
Penny Stock Fees (OTC) $6.95 N/A
Mutual Fund Trade Fee Varies N/A
Options (Base Fee) $0.00 $0.00
Options (Per Contract) $0.65 $0.00
Futures (Per Contract) $2.25 N/A
Broker Assisted Trade Fee $25 $0
Margin RatesTD AmeritradeeToro
Margin Rate Under $25,000 12.50% Varies
Margin Rate $25,000 to $49,999.99 12.00% Varies
Margin Rate $50,000 to $99,999.99 11.00% Varies
Margin Rate $100,000 to $249,999.99 10.75% Varies
Margin Rate $250,000 to $499,999.99 10.50% Varies
Margin Rate $500,000 to $999,999.99 Varies Varies
Margin Rate Above $1,000,000 Varies Varies
Account FeesTD AmeritradeeToro
IRA Annual Fee $0.00
IRA Closure Fee $0.00
Account Transfer Out (Partial) $0.00
Account Transfer Out (Full) $75.00
Options Exercise Fee $0.00 $0.00
Options Assignment Fee $0.00 $0.00
Investment OptionsTD AmeritradeeToro
Stock Trading Yes Yes
Margin Trading Yes No
Fractional Shares No Yes
OTC Stocks Yes No
Options Trading Yes Yes
Complex Options Max Legs 4 0
Futures Trading Yes No
Forex Trading Yes No
Crypto Trading No Yes
Crypto Trading - Total Coins 0 26
Mutual Funds (No Load) 3698 0
Mutual Funds (Total) 5876 0
Bonds (US Treasury) Yes No
Bonds (Corporate) Yes No
Bonds (Municipal) Yes No
Advisor Services Yes No
International Countries (Stocks) 0 0
Order TypesTD AmeritradeeToro
Order Type - Market Yes Yes
Order Type - Limit Yes No
Order Type - After Hours Yes No
Order Type - Stop Yes Yes
Order Type - Trailing Stop Yes Yes
Order Type - OCO Yes No
Order Type - OTO Yes No
Order Type - Broker Assisted Yes No
BeginnersTD AmeritradeeToro
Education (Stocks) Yes Yes
Education (ETFs) Yes No
Education (Options) Yes No
Education (Mutual Funds) Yes No
Education (Bonds) Yes No
Education (Retirement) Yes No
Retirement Calculator Yes No
Investor Dictionary Yes No
Paper Trading Yes Yes
Videos Yes Yes
Webinars Yes No
Webinars (Archived) Yes No
Progress Tracking Yes No
Interactive Learning - Quizzes Yes No
Stock Trading AppsTD AmeritradeeToro
iPhone App Yes Yes
Android App Yes Yes
Apple Watch App Yes No
Trading - Stocks Yes Yes
Trading - After-Hours Yes No
Trading - Simple Options Yes Yes
Trading - Complex Options Yes No
Order Ticket RT Quotes Yes Yes
Order Ticket SRT Quotes Yes Yes
Stock App FeaturesTD AmeritradeeToro
Market Movers (Top Gainers) Yes Yes
Stream Live TV Yes No
Videos on Demand Yes No
Stock Alerts Yes Yes
Option Chains Viewable Yes Yes
Watch List (Real-time) Yes Yes
Watch List (Streaming) Yes Yes
Watch Lists - Create & Manage Yes Yes
Watch Lists - Column Customization Yes No
Watch Lists - Total Fields 514 7
Stock App ChartingTD AmeritradeeToro
Charting - After-Hours Yes No
Charting - Can Turn Horizontally Yes No
Charting - Multiple Time Frames Yes Yes
Charting - Technical Studies 400 5
Charting - Study Customizations Yes Yes
Charting - Stock Comparisons Yes No
Trading PlatformsTD AmeritradeeToro
Active Trading Platform thinkorswim N/A
Desktop Trading Platform Yes No
Desktop Platform (Mac) Yes No
Web Trading Platform Yes Yes
Paper Trading Yes Yes
Trade Journal Yes No
Watch Lists - Total Fields 514 7
Stock Chart FeaturesTD AmeritradeeToro
Charting - Adjust Trades on Chart Yes No
Charting - Indicators / Studies 429 46
Charting - Drawing Tools 24 13
Charting - Notes Yes Yes
Charting - Index Overlays Yes Yes
Charting - Historical Trades Yes No
Charting - Corporate Events Yes No
Charting - Custom Date Range Yes No
Charting - Custom Time Bars Yes No
Charting - Automated Analysis Yes No
Charting - Save Profiles Yes Yes
Trade Ideas - Technical Analysis Yes Yes
Charting - Study Customizations 9 5
Charting - Custom Studies Yes No
Day TradingTD AmeritradeeToro
Streaming Time & Sales Yes Yes
Streaming TV Yes No
Direct Market Routing - Stocks Yes No
Ladder Trading Yes No
Trade Hot Keys Yes No
Level 2 Quotes - Stocks Yes No
Trade Ideas - Backtesting Yes No
Trade Ideas - Backtesting Adv Yes No
Short Locator No No
Order Liquidity Rebates No No
Research OverviewTD AmeritradeeToro
Research - Stocks Yes Yes
Research - ETFs Yes Yes
Research - Mutual Funds Yes No
Research - Pink Sheets / OTCBB Yes No
Research - Bonds Yes No
Screener - Stocks Yes No
Screener - ETFs Yes No
Screener - Mutual Funds Yes No
Screener - Bonds Yes No
Misc - Portfolio Allocation Yes No
Stock ResearchTD AmeritradeeToro
Stock Research - PDF Reports 6 0
Stock Research - Earnings Yes Yes
Stock Research - Insiders Yes Yes
Stock Research - Social Yes Yes
Stock Research - News Yes Yes
Stock Research - ESG No Yes
Stock Research - SEC Filings Yes Yes
ETF ResearchTD AmeritradeeToro
ETFs - Strategy Overview Yes Yes
ETF Fund Facts - Inception Date Yes No
ETF Fund Facts - Expense Ratio Yes No
ETF Fund Facts - Net Assets Yes No
ETF Fund Facts - Total Holdings No No
ETFs - Top 10 Holdings Yes No
ETFs - Sector Exposure Yes No
ETFs - Risk Analysis Yes No
ETFs - Ratings Yes Yes
ETFs - Morningstar StyleMap Yes No
ETFs - PDF Reports Yes No
Mutual Fund ResearchTD AmeritradeeToro
Mutual Funds - Strategy Overview Yes No
Mutual Funds - Performance Chart Yes No
Mutual Funds - Performance Analysis Yes No
Mutual Funds - Prospectus Yes No
Mutual Funds - 3rd Party Ratings Yes No
Mutual Funds - Fees Breakdown Yes No
Mutual Funds - Top 10 Holdings Yes No
Mutual Funds - Asset Allocation Yes No
Mutual Funds - Sector Allocation Yes No
Mutual Funds - Country Allocation No No
Mutual Funds - StyleMap Yes No
Options TradingTD AmeritradeeToro
Option Chains - Basic View Yes Yes
Option Chains - Strategy View Yes No
Option Chains - Streaming Yes No
Option Chains - Total Columns 35 0
Option Chains - Greeks 5 4
Option Chains - Quick Analysis Yes Yes
Option Analysis - P&L Charts Yes No
Option Probability Analysis Yes No
Option Probability Analysis Adv Yes No
Option Positions - Greeks Yes No
Option Positions - Greeks Streaming Yes No
Option Positions - Adv Analysis Yes No
Option Positions - Rolling Yes No
Option Positions - Grouping Yes No
BankingTD AmeritradeeToro
Bank (Member FDIC) No No
Checking Accounts Yes No
Savings Accounts No No
Credit Cards Yes No
Debit Cards Yes No
Mortgage Loans No No
Customer ServiceTD AmeritradeeToro
Phone Support (Prospect Customers) Yes No
Phone Support (Current Customers) Yes No
Email Support Yes Yes
Live Chat (Prospect Customers) Yes Yes
Live Chat (Current Customers) Yes Yes
24/7 Support Yes No
OverallTD AmeritradeeToro
Overall 5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Investment Options 5/5 Stars 2.5/5 Stars
Platforms & Tools 5/5 Stars 3.5/5 Stars
Mobile Trading Apps 5/5 Stars 3.5/5 Stars
Research 5/5 Stars 3/5 Stars
Education 5/5 Stars 2.5/5 Stars
Ease Of Use 5/5 Stars 4/5 Stars
Winner check_circle
Review TD Ameritrade Review eToro Review
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TD Ameritrade vs eToro Comparison

Comparing brokers side by side is no easy task. For our 2023 annual broker review, we spent hundreds of hours assessing 17 brokerages to find the best online broker. Let's compare TD Ameritrade vs eToro.

Is TD Ameritrade or eToro better for beginners?

TD Ameritrade offers more comprehensive new investor education for beginner investors than eToro. TD Ameritrade offers investors access to Paper Trading, Videos, Education (Stocks), Education (ETFs), Education (Options), Education (Mutual Funds), Education (Bonds) and Education (Retirement), while eToro offers investors access to Paper Trading, Videos and Education (Stocks).

What about TD Ameritrade vs eToro pricing?

TD Ameritrade and eToro charge the same amount for regular stock trades, $0.00. Option contracts are pricier at TD Ameritrade, costing $0.65 per contract versus $0.00 per contract at eToro. For a complete commissions summary, see our best brokers for free stock trading guide.

Does TD Ameritrade or eToro offer a wider range of investment options?

TD Ameritrade offers investors access to Stock Trading, Options Trading, OTC Stocks, Mutual Funds, Futures Trading, Forex Trading and Advisor Services, while eToro offers investors access to Stock Trading, Fractional Shares and Options Trading. Looking at Mutual Funds, eToro trails TD Ameritrade in its offering of no transaction fee (NTF) mutual funds, with TD Ameritrade offering 3610 and eToro offering 0.

Which trading platform is better: TD Ameritrade or eToro?

To compare the trading platforms of 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.

Does either broker offer banking?

Online banking can be a benefit for investors, and some brokerages do provide banking services to customers. Checking Accounts, Debit Cards and Credit Cards are offered by TD Ameritrade while eToro offers neither of these. Neither have Savings Accounts and Mortgage Loans.

Is TD Ameritrade good?

TD Ameritrade delivers $0 trades, fantastic trading platforms, excellent market research, industry-leading education for beginners and reliable customer service. This outstanding all-around experience makes TD Ameritrade one of our top overall brokers in 2023, in which it placed among Best in Class in several categories including options trading and best for beginners.

Is eToro good?

Though its offerings have some limitations, eToro's approach will appeal to those interested in learning how to trade crypto or joining a crypto-focused community. The scope currently is limited in the U.S., so those looking for more advanced trading or trading a variety of underlyings will want to look elsewhere.

TD Ameritrade vs eToro Winner

Overall winner: TD Ameritrade

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TD Ameritrade, Inc. and StockBrokers.com are separate, unaffiliated companies and are not responsible for each other’s services and products.
Reink Media Group is compensated if you access certain of the products or services offered by eToro USA LLC and/or eToro USA Securities Inc. Any testimonials contained in this communication may not be representative of the experience of other eToro customers and such testimonials are not guarantees of future performance or success.

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