Overall Ratings
Company Info
Leverage
Tier 1 Regulation
Tier 2 Regulation
Tier 3 Regulation
Brand Power
Deposit and Withdrawal
Costs and Fees
Account Types
Commodities
Forex Fixed Spreads
Forex Variable Spreads
Fees on Stocks
Fees on Indices
Fees on Cryptocurrencies
Platforms
Mobile Trading
Available Markets
Trading Execution
Risk Management
Special Trading Conditions
Available Trading Techniques
Trading Tools
Education
Customer Support
Research
Security and Rating
Both eToro and XM are highly regulated, but eToro has more regulations than XM. eToro is regulated by CySEC, ASIC, and FCA, while XM is regulated by CySEC, ASIC, DFSA, and FSC. eToro has a security rating of 95, which is slightly higher than XM’s rating of 94.
Demo Account
Both eToro and XM offer demo accounts with virtual funds. eToro offers an unlimited demo account with $100,000 virtual funds, while XM offers an unlimited demo account with $100,000 virtual funds. The virtual funds of the demo accounts can be restored by contacting customer support.
Minimum Deposit
XM has a lower minimum deposit than eToro. XM requires a minimum deposit of $5, while eToro requires a minimum deposit of $200 for most countries ($50 for some).
Social Trading and Copy Trading
eToro is the best player at offering copy and social trading, while XM doesn’t offer social trading.
CFD and Forex Trading
eToro offers a range of CFD trading options, including forex, commodities, indices, crypto assets, stocks, and ETFs. XM offers a range of CFD trading options, including forex, commodities, and indices.
Stock Market
eToro offers over 1,050 stocks and 290 ETFs for trading, while XM offers over 150 stocks. eToro offers zero-commission real stocks and ETFs for CySEC, FCA, and ASIC traders, with the possibility to start investing with just $10. XM charges variable spreads on stocks.
Cryptocurrency Trading
eToro offers 174 crypto assets for trading, while XM doesn’t offer cryptocurrency trading.
Platforms
eToro’s proprietary platform is available via web and mobile devices and is user-friendly, specialized in copy and social trading. XM offers the MetaTrader 4 and MetaTrader 5 platforms, which are available via desktop, web, and mobile. All the platforms offered by XM allow traders to engage in algo trading. XM also allows traders to use VPS services.
Education
Both eToro and XM offer a range of educational resources for traders. eToro provides high-quality education material, including blog articles, fintech guides, and trading videos, webinars, and seminars. XM offers a wide range of educational material, including webinars in 19 languages 7 days a week, trading lessons, platform lessons, and much more. Customer care is easy to contact via email, phone, and live chat for both brokers, with over 21 languages available for XM.
In conclusion, both eToro and XM offer a range of features and benefits for traders. eToro is a good choice for traders who want to invest in a range of CFD trading options, including forex, commodities, indices, crypto assets, stocks, and ETFs, as well as for long-term investments. eToro’s social trading service is also a standout feature. XM is a good choice for traders who want to invest in CFDs and forex trading, as well as for short-term traders. XM’s low spreads and commissions make it a good broker for scalping. Ultimately, the choice between the two brokers will depend on your individual needs and preferences.
