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eToro vs TD Ameritrade

If I want to invest in foreign financial assets without going oversea, I would like to
choose two platforms which are eToro and TD Ameritrade to help me to invest in US stock.
Both are them are the online stockbrokers. The main reason I choose to invest through
online stockbroker is because they provide lower fees than the local brokers.

TD Ameritrade (TD) is an American brokerage firm that offers investment services


and trading in stocks, ETFs, mutual funds, options, fixed income, futures and forex, as well
as margin lending and cash management services. It is well-known and has been a pioneer
in the online brokerage industry since the 1990s. TD charges $0 per trade and offers the
largest variety of trading tools through its desktop-based thinkorswim and Mobile Trader
platforms. TD offers demo account, trading platform tutorial and educational video to
improve the users’ knowledge. There is no inactive fee and withdrawal fee required.
However, the minimum deposit for non-US clients is higher as the minimum deposit is
$3,500 for Malaysian clients and Malaysian client can use only wire transfer and checks to
deposit, there is no credit or debit card for money transfer. The trade is only limited to US
markets. A lot of paperwork is required to open an account.

eToro is a well-known Israeli fintech startup, a social trading broker established in


2007. eToro is primarily a CFD and forex broker. However, you can also trade with real
stocks, ETFs, and a lot of different cryptos. If you trade at short stocks, you are trading
with a CFD without consider anywhere in the world. eToro allows you to invest as much
or as little as you like in your favorite stocks, even if the amount is less than the relevant
stock price. For example, if you invest $100 in Microsoft, and at the time of execution
eToro’s average price was $300 after a spread of 0.1%, you will then have a CFD
representing 0.33 stocks of Microsoft in your eToro account. It is well-known for its social
trading feature, with which you can follow and copy the portfolio of a trader who also
trades with eToro. Opening an account is easy as it only takes a few minutes on your phone.
eToro charges no deposit fees and there are a lot of depositing options such as bank transfer,
credit card, debit card, PayPal and other. However, eToro has a $25 withdrawal fee which
is high compared to other CFD brokers. In addition, eToro has a $50 minimum amount
limit on withdrawals. Not all stocks are cover as it offers arounds 1500 shares.

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