eToro vs XTB: Comparison and Analysis

eToro vs XTB: A Comprehensive Comparison

Trying to decide between eToro and XTB? This article will provide you with a detailed comparison of the two brokers, so you can make an informed decision based on your needs. We have compared over 100 variables and features, and divided the comparisons into a logical structure for easy navigation.

Security

When it comes to security, both eToro and XTB are highly regulated. eToro is regulated by CySEC, ASIC, and FCA, and is registered in the USA with FinCEN, making it eligible for US traders. XTB is regulated by CySEC, FCA, KNF, IFSC, DFSA, and FSCA. Both brokers have a security rating of 95.

Demo Account

eToro offers an unlimited demo account with virtual funds of $100,000. The virtual funds can be restored by contacting customer support. XTB offers a demo account with a duration of 30 days and virtual funds of $100,000. The virtual funds can be restored by contacting customer support, and the demo account can be renewed indefinitely.

Account Opening

eToro requires a minimum deposit of $50 depending on the country, and only offers USD as the account currency. Payment methods include wire transfers, credit/debit cards, and eWallets. eToro offers a standard account, Islamic account, corporate account, and professional account for advanced traders.

XTB does not require a minimum deposit and offers GBP, EUR, and USD as the account currency. Payment methods include wire transfers, credit/debit cards, and eWallets. XTB offers a standard account, Islamic account, and professional account for advanced traders.

Social-Copy Trading

eToro is the best player at offering copy and social trading, provided via their proprietary platform. XTB does not provide any kind of social and copy trading features.

Markets

eToro offers 49 forex pairs, 35 commodities, 20 indices, 80 crypto assets, 1050+ stocks, 290+ ETFs, and 4 futures and options. eToro offers crypto, stocks, and ETFs both as CFDs and as real assets, making it a great option for long-term investments as well as for short-term investing.

XTB offers 57 forex pairs, 27 commodities, 30 indices, 46 crypto assets, 5000+ stocks, and 500+ ETFs. Every XTB asset is offered as a CFD, making it a better fit for short-term investments. However, XTB also offers real stocks and ETFs for EU clients.

Trading Fees

eToro offers variable spreads starting from 1 pip on forex, which is above the market average. Stock commissions are zero-commission real stocks (other fees may apply) and ETFs for CySEC, FCA, and ASIC traders, with the possibility to start investing with just $10.

XTB offers variable spreads starting from 0.3 pip on forex, which is below the market average. Stock commissions are zero-commission real stocks and ETFs for European traders on a monthly volume of up to EUR 100,000. After this amount, there is a commission of 0.2% (10 EUR minimum).

Platforms

eToro offers a proprietary platform available via web and mobile devices, specialised in copy and social trading. XTB offers the xStation proprietary platform available via web and mobile devices, which is user-friendly and intuitive.

Education/Customer Care

eToro offers high-quality education material, including blog articles, fintech guides, trading videos, webinars, and seminars. Customer care is easy to contact via email and live chat.

XTB offers well-equipped education material, including FAQs, blog articles, ebooks, trading videos, and seminars. Customer care is easy to contact via phone, email, and live chat.

Conclusion

In conclusion, both eToro and XTB are highly regulated and secure brokers. eToro is the best option for social and copy trading, while XTB is a better fit for short-term investments. eToro offers a wider range of markets, while XTB offers lower trading fees. Ultimately, the choice between the two brokers will depend on your individual needs and preferences.