Scores, winners and data below compare these brokers as CFD/FX brokers (leveraged trading on forex, indices, commodities and crypto), using the data of eToro's Cyprus entity and XM's Cyprus entity. Scores, winners and data below compare these brokers as stock brokers (real shares and ETFs you own outright), using the data of eToro's Cyprus entity and XM's Cyprus entity.
eToro
61% of retail CFD accounts lose money. Below content does not apply to US users.
XM
75.12% of retail investor accounts lose money when trading CFDs with this provider.
Best for
What we compare A comparison of the kinds of traders eToro and XM are best suited to, based on what each one actually offers in .eToro is better than XM for long-term investors, professional traders and high-volume traders, while XM is better for scalpers. Swing traders, news traders and algo traders can choose either eToro or XM.
| Overall score | eToro 83 Best 85 | XM 79 -4 not offered |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise eToro and the ones that supervise XM.eToro and XM are both regulated by top-tier authorities, eToro by CySEC, ASIC (Australia) and the SEC (United States) and XM by CySEC.
| Section score | eToro 100 Best 100 | XM 90 -10 not offered |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | CySEC (Cyprus) | CySEC (Cyprus) |
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that eToro and XM have in place to protect your money in .eToro and XM both offer segregated client funds and an investor compensation scheme. eToro also offers additional money insurance.
| Section score | eToro 94 Best 94 | XM 78 -16 not offered |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 2007 | 2009 |
| Parent company i | eToro Group Ltd. | Trading Point Holdings |
| CEO i | Yoni Assia | Tasos Anastasiou |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | J.P. Morgan, Deutsche Bank, Coutts | N/A |
| Brand power | ||
| Number of customers worldwide i | 4,280,000 | 20,000,000 |
| Annual revenue i | USD 1,340,000,000 | USD 1,000,000,000 |
| Monthly website search traffic i | 13.2M monthly visits | |
Costs
What we compare A comparison of what it costs to trade with eToro and with XM in , both on each trade and on holding the account.XM is better than eToro for CFD/FX costs, since XM is cheaper on EUR/USD, at 10 USD per lot (against eToro's 11.6 USD), has tighter S&P 500 CFD spreads, at 0.6 points (against eToro's 1.08 points), and has tighter gold CFD spreads, at 0.3 points (against eToro's 0.88 points). Neither eToro nor XM charges account maintenance fees or deposit fees.
Only eToro can be assessed for real stock costs, since XM is a CFD broker and does not offer real stocks.
| Section score | eToro 52 -5 79 | XM 57 Best not offered |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | USD 7 | |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | USD 11.6 | USD 10 |
| S&P 500 fees (CFD) i | 1.08 points | 0.6 points |
| Gold fees (CFD) i | 0.88 points | 0.3 points |
| Bitcoin fees (CFD) i | USD 1,585.8 | |
| US stocks fees (CFD) i | Free | |
| Fees on stocks | ||
| Stock fee type i | Commission | Spread |
| US stocks fees (real) i | USD 2 | |
| ETF fees (real) i | Free | |
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | ||
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | ||
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with eToro and with XM in , and of how many instruments each one gives access to.eToro is better than XM for CFD/FX markets, given that eToro offers CFDs on crypto, which XM does not, gives access to 5,461 tradable symbols (against XM's 1,400), and lets you own crypto, ETFs and stocks outright, which XM does not. Both eToro and XM offer CFDs on commodities, ETFs, forex, indices and stocks.
eToro and XM cannot be compared for real stock markets, because eToro is a broker offering both CFDs and stocks while XM is a CFD broker.
| Section score | eToro 85 Best 55 | XM 75 -10 not offered |
|---|---|---|
| Total tradable symbols i | 5,461 | 1,400 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, ETF, Forex, Indices, Stocks | Commodities, ETF, Forex, Indices, Stocks |
| Futures i | ||
| Options i | ||
| Assets you can own i | Crypto, ETF, Stocks |
Platform
What we compare A comparison of the trading platforms that eToro and XM make available to their clients in .eToro is better than XM for platforms, as eToro offers a proprietary platform and social trading, which XM does not. eToro and XM both offer copy trading and one-click trading.
There is no like-for-like comparison for platforms, as XM is a CFD broker and does not offer real stocks.
| Section score | eToro 84 Best 84 | XM 63 -21 not offered |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of eToro and XM in , and of what each one lets you do from your phone.eToro and XM are equally good for mobile trading, as eToro offers a social trading app and a copy trading app. On the other hand, XM offers the MetaTrader 5 app and the MetaTrader 4 app. eToro and XM both offer a proprietary mobile app and mobile price alerts.
XM does not offer real stocks, being a CFD broker, so eToro and XM cannot be compared for mobile trading.
| Section score | eToro 87 87 | XM 86 -1 not offered |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that eToro and XM allow on their platforms in .XM is better than eToro for CFD/FX trading features, since XM offers tier-1 liquidity providers and VPS hosting, which eToro does not, and allows for scalping. eToro and XM both offer negative balance protection and trailing stops.
eToro and XM cannot be compared for real stock trading features, because eToro is a broker offering both CFDs and stocks while XM is a CFD broker.
| Section score | eToro 68 -19 85 | XM 87 Best not offered |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | Agency |
| Average execution time i | 66 ms | |
| Slippage occurrence i | ||
| Requotes occurrence i | 0% | |
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1About this value. This is the major fx pairs leverage at eToro (Europe) Ltd (CySEC). At eToro's other companies: 400:1 (other accepted countries), 30:1 (the UK, Australia). | 30:1About this value. This is the major fx pairs leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 400:1 (Kenya), 30:1 (the UAE), 1000:1 (other accepted countries, South Africa). |
| Minor/Exotic FX pairs leverage i | 20:1About this value. This is the minor/exotic fx pairs leverage at eToro (Europe) Ltd (CySEC). At eToro's other companies: 50:1 (other accepted countries), 20:1 (the UK, Australia). | 20:1About this value. This is the minor/exotic fx pairs leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 400:1 (Kenya), 20:1 (the UAE), 1000:1 (other accepted countries, South Africa). |
| Major indices leverage i | 20:1About this value. This is the major indices leverage at eToro (Europe) Ltd (CySEC). At eToro's other companies: 100:1 (other accepted countries), 20:1 (the UK, Australia). | 20:1About this value. This is the major indices leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 400:1 (Kenya), 20:1 (the UAE), 500:1 (other accepted countries, South Africa). |
| Minor indices leverage i | 10:1 | 10:1About this value. This is the minor indices leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 250:1 (Kenya, other accepted countries, South Africa), 10:1 (the UAE). |
| Gold leverage i | 20:1About this value. This is the gold leverage at eToro (Europe) Ltd (CySEC). At eToro's other companies: 100:1 (other accepted countries), 20:1 (the UK, Australia). | 20:1About this value. This is the gold leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 400:1 (Kenya), 20:1 (the UAE), 1000:1 (other accepted countries, South Africa). |
| Commodities leverage i | 10:1About this value. This is the commodities leverage at eToro (Europe) Ltd (CySEC). At eToro's other companies: 100:1 (other accepted countries), 10:1 (the UK, Australia). | 10:1About this value. This is the commodities leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 400:1 (Kenya, other accepted countries, South Africa), 10:1 (the UAE). |
| Equities leverage i | 5:1About this value. This is the equities leverage at eToro (Europe) Ltd (CySEC). At eToro's other companies: 10:1 (other accepted countries), 5:1 (the UK, Australia). | 5:1About this value. This is the equities leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 20:1 (Kenya, other accepted countries, South Africa), 5:1 (the UAE). |
| Cryptocurrency leverage i | 2:1About this value. This is the cryptocurrency leverage at eToro (Europe) Ltd (CySEC). At eToro's other companies: 5:1 (other accepted countries), 2:1 (Australia). | 2:1About this value. This is the cryptocurrency leverage at Trading Point of Financial Instruments Ltd (CySEC). At XM's other companies: 2:1 (the UAE), 1000:1 (other accepted countries, South Africa). |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | USD 10 | USD 0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at eToro and at XM in , and of who each one is meant for.XM is better than eToro for CFD/FX account types, as XM offers a managed account, an Islamic account and a micro account, which eToro does not. eToro and XM both offer a demo account and a corporate account.
There is no like-for-like comparison for real stock account types, as XM is a CFD broker and does not offer real stocks.
| Section score | eToro 48 -16 74 | XM 64 Best not offered |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with eToro and with XM in .XM is better than eToro for account opening, because XM requires a lower minimum deposit, at 5 USD (against eToro's 50 USD), offers 10 account base currencies (against eToro's 3), and supports 2 e-wallets (against eToro's 1). Both eToro and XM offer credit cards and debit cards.
eToro and XM cannot be compared for account opening, because eToro is a broker offering both CFDs and stocks while XM is a CFD broker.
| Section score | eToro 64 -26 64 | XM 90 Best not offered |
|---|---|---|
| Minimum deposit i | USD 50About this value. This is the minimum deposit at eToro (Europe) Ltd (CySEC). At eToro's other companies: USD 100 (other accepted countries), USD 50 (the UK, Australia, the US). | USD 5 |
| Minimum withdrawal i | USD 30 | USD 5 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPalAbout this value. This is the ewallets at eToro (Europe) Ltd (CySEC). It is different at eToro's companies in other accepted countries and Australia. | Neteller, Skrill |
| Local payment methods i | ||
| Account base currencies i | USD, EUR, DKKAbout this value. This is the account base currencies at eToro (Europe) Ltd (CySEC). It is different at eToro's companies in other accepted countries, the US, the UK and Australia. | AUD, CHF, EUR, GBP, HUF, PLN, RUB, SGD, USD, ZAR |
| Deposit waiting time i | up to 5 business days | Instant |
| Withdrawal waiting time i | up to 7 business days | up to 1 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of eToro and XM in , in how it can be reached and how fast it answers.XM is better than eToro for customer care, since XM offers customer support in 20 languages (against eToro's 7), has a website in 19 languages (against eToro's 7), and offers phone support, which eToro does not. Both eToro and XM offer a dedicated account manager and live chat.
eToro and XM cannot be compared for customer care, because eToro is a broker offering both CFDs and stocks while XM is a CFD broker.
| Section score | eToro 69 -9 69 | XM 78 Best not offered |
|---|---|---|
| Number of languages supported i | 7 | 20 |
| Website languages i | Arabic, German, English, French, Italian, Spanish, Chinese | Arabic, Czech, German, Greek, English, French, Hungarian, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Russian, Spanish, Tagalog, Thai, Vietnamese, Chinese |
| Website available in English i | ||
| Customer support languages i | Arabic, German, English, French, Italian, Romanian, Spanish | Arabic, Czech, German, Greek, English, French, Hindi, Hungarian, Indonesian, Italian, Korean, Malay, Polish, Portuguese, Russian, Spanish, Tagalog, Thai, Vietnamese, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that eToro and XM provide to their clients in .eToro is better than XM for learning, as eToro offers professional reports, which XM does not. Both eToro and XM offer education for advanced traders and webinars.
eToro and XM cannot be compared for learning, because eToro is a broker offering both CFDs and stocks while XM is a CFD broker.
| Section score | eToro 100 Best 100 | XM 88 -12 not offered |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
eToro vs XM: which one should you choose?
eToro
CFD/FX Choose eToro if you want an online CFD broker with a proprietary trading platform and a wide choice of markets.
Stocks Choose eToro if you want a broker for securities investing with copy and social trading.
Open Account 61% of retail CFD accounts lose money. Below content does not apply to US users.
XM
CFD/FX Choose XM if you want a CFD and forex broker for scalping and automated trading with a small minimum deposit.
Open Account 75.12% of retail investor accounts lose money when trading CFDs with this provider.Other popular comparisons
Below are other head-to-head comparisons that include eToro or XM, each scored with the same data and method as this page.
