Etrade
td ameritrade
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Overview
Etrade was founded in 2012 and is headquartered in United States, while td ameritrade was established in 2016 and is based in Malta. Etrade holds licences including Securities and Exchange Commission (SEC), while td ameritrade is regulated by Financial Conduct Authority (FCA) among others. Etrade serves 10,000+ clients worldwide; td ameritrade has 10,000+. The minimum deposit is $100 at Etrade and $250 at td ameritrade.
| Feature | Etrade | td ameritrade |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Regulation | Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA) | Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F319 |
| Founded | 2012 | 2016 |
| Country | United States | Malta |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Etrade and td ameritrade, directly affecting your bottom line as a trader. Etrade has a lower barrier to entry with a minimum deposit of $100 (vs $250 at td ameritrade). Neither broker charges withdrawal fees. Overall, Etrade scores higher on fees in our assessment.
| Feature | Etrade | td ameritrade |
|---|---|---|
| Min. Deposit | $100 | $250 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | No |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Etrade offers MT4, MT5, cTrader, while td ameritrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Etrade supports social and copy trading features, which td ameritrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Etrade | td ameritrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | cTrader, SocialTrading, webPlatform, DesktopPlatform, Proprietary . | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Etrade and td ameritrade compare. Etrade runs regular live webinars; td ameritrade does not. Etrade has a video library; td ameritrade does not. Etrade publishes daily market commentary; td ameritrade does not. Etrade integrates third-party research tools (Trading Central); td ameritrade does not. Etrade maintains an archive of past webinars for on-demand viewing. Etrade scores higher overall in education and research.
| Feature | Etrade | td ameritrade |
|---|---|---|
| Forex Education | No | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | No | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Etrade accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while td ameritrade supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). td ameritrade uniquely supports PayPal and Skrill and Neteller among the two brokers. td ameritrade scores higher on deposit and withdrawal flexibility.
| Feature | Etrade | td ameritrade |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Etrade and td ameritrade offer live chat support. Both provide phone support. Email support is available at both brokers. Etrade supports 2 languages and td ameritrade supports 8, giving td ameritrade broader global reach. Both brokers are comparable on support quality.
| Feature | Etrade | td ameritrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic |