Traders consistently seek trusted and reliable trading platforms that suit their trading styles and preferences. Etoro and XTB are top-tier regulated brokers providing online trading services worldwide. Etoro is known for its social trading and multi-asset platform, regulated in four tier-1 jurisdictions and one tier-4 jurisdiction including CySEC, FCA, Finra, FSA-S, and SIPC. On the other hand, XTB specializes in the online forex and CFD trading, regulated by three tier-1 jurisdictions and one tier-4 jurisdiction including CySEC, FCA, KNF, and FSC.. While these brokers offer similar services, they each have their own strengths and weaknesses.
In this article, I have compared Etoro and XTB in terms of trading platforms, Pros, Cons, regulations, tradable assets, fees, customer support, and overall trading experience score. This analysis aims to help you determine which broker better suits your trading style and preferences.
eToro vs XTB: In a Nutshell
eToro:
eToro is a multi-asset investment company that offers 5000+ trading instruments for clients worldwide. Its headquarters are located in Central Israel. The platform is known for its advanced proprietary social investing and copy-trading platform. eToro is regulated by multiple regulatory authorities including FCA, ASIC, CySEC, FINRA, SEC, and SIPC. etoro is also available on NASDAQ with the FTCV ticker. It has built a huge community comprising over 30 million traders who interact with each other while investors automatically copy the trades of expert traders. Additionally, you can trade real stocks, ETFs, and cryptos with eToro. To learn more, you can read our review on Etoro.
Etoro Overview
- Founded In: 2007
- Founder: Yoni Assia, Ronen Assia
- Headquarters: UK
- Minimum Deposit: $50
- Maximum Leverage: 30:1 EU, 50:1 USA
- Regulations: SEC, FINRA, FCA, CySEC, FSA-S, SIPC
- Trading platform: eToro Trading Platforms
- Account Types: Standard, Professional, Corporate
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Giropay, Local Bank Deposits, Local Bank Transfers, Neteller, PayPal, Skrill, UnionPay, WebMoney, Yandex Money
XTB:
Founded in 2002, XTB is an exchange-listed forex and CFD broker with headquarters in Poland and offices in over 13 countries. The broker offers more than 5,800 forex, CFDs as well as real stocks and ETFs for trading on its proprietary platforms. XTB boasts of over 800,000 clients from all over the world. However, the broker offers only the xStation platform. The broker also offers real stocks with 0% commissions.
XTB Overview
- Founded In: 2002
- Founder: Jakub Zablocki
- Locations: UK, Cyprus, Belize, Poland.
- Minimum Deposit: $0
- Maximum Leverage: 1:500
- Regulations:CySEC, FCA , KNF , IFSC
- Trading platform:xStation 5 , xStation Mobile
- Account Types: Standard, Pro, Islamic
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Maestro, Neteller, Paysafe, SafetyPay, Skrill
- US Traders: Not Accept
eToro vs XTB: Features
eToro
- Trading Instruments: Stocks, Indices, ETFs, Currencies, Commodities, Crypto
- Maximum leverage: 1:3000
- Minimum Deposit: $5
- Account Types: Personal (retail) account, professional account, corporate account, and Islamic accountÂ
- Trading Fees: Spread starting from 1 pipÂ
- PAMM/ MAM: Not available. A dedicated Copy trading Platform is availableÂ
- Scalping: Not AllowedÂ
- News Trading: Allowed
- EA/ Robot Trading: Not Allowed
XTB:
- Trading Instruments: 5800+Trading instruments including Real stocks, ETFs, CFDs on forex, CFDs on Indices, CFDs on Commodities
- Maximum leverage: The maximum leverage of XTB is as high as 500:1. Leverage may vary based on jurisdiction and tradable assets. For example, for CySEC jurisdiction the maximum leverage is 30:1.
- Minimum Deposit: No Minimum Deposit. You may deposit as low as possible.
- Account Types: Two ( Stocks &ETFS, and CFD Instruments)
- Trading Fees: The fees of CFD instruments start from as low as 0.5 pips spread. 0% commission on Stock Accounts
- PAMM/ MAM: No
- Scalping: Allowed
- News Trading: Allowed
- EA/ Robot Trading: Allowed
eToro vs XTB: Pros and Cons
eToro:
- Regulated in numerous jurisdictions including CySEC, FCA, ASIC, FinCEN, MSB, FSA Seychelles, FSC Gibraltar, and FSA Malta.
- Trading over 5,000 forex and CFD assets plus real stocks/ETFs and Cryptocurrencies.
- A large community of social traders
- Trading tools like market sentiments, news feed, Trading Central analysis, etc.
- Investors can copy the trades of expert traders or invest in ‘CopyPortfolios’
- Real Stocks and ETFs are Available
- Negative Balance Protection
- Traders pay withdrawal fees, inactivity fees, and conversion fees.
- You have no other platform choice than the eToro platform.
- You cannot automate your strategies via trading robots.
- No multiple account types; you can only have a retail account or a professional account.
- Margin trading is not available to U.S. users
- No limit orders for stocks.
- Not Available in American Samoa, Guam, Hawaii, Nevada, New York, Puerto Rico and US Virgin Islands
XTB:
- Regulated by FCA, FSC, KNF, DDM-M, DNMV,
- The Minimum deposit is as low as $1
- The Maximum Leverage is as high as 1:500
- Allows scalping, EA/Robot Trading, News Trading
- Trade stocks, ETFs, indices, commodities, cryptocurrencies, and forex
- 0% commission on stock and ETF trading (only applicable to some EU countries)
- Traders can enjoy commission-free trading with spreads as low as 0.25 pips
- XTB does not offer cTrader, MT4/MT5, or Ninja Trader which are the most popular platforms in the world
- No passive investment programme ( PAMM, MAM Accounts)
- Withdrawal fees for transfers below $100 or €200
- Inactivity fee (€10/monthly after 1+ year with no activity plus no deposit in the last 90 days)
- Complex trading platform for a beginner
- CFDs only – so traders do not own the underlying asset
eToro vs XTB: Side-by-Side Comparison
eToro Vs XTB: Our Scores and Ratings
We rated both brokers, eToro and XTB, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.
eToro:
XTB:
Final Verdict:
Both eToro and XTB are regulated online trading platforms in the industry, offering services to traders and investors. However, there are some differences between them. eToro is a multi-asset and social trading platform, providing over 5000+ trading instruments, including Forex, CFDs, real stocks, and cryptocurrencies. It offers both leverage and non-leverage tradable assets. On the other hand, XTB is a forex and CFD broker offering nearly 2000 CFDs based on Forex, Indices, Commodities, Cryptocurrencies, Stocks, and ETFs.
Our score for eToro is 8.5, and for XTB, it is 8.8 (based on our research; a score above 8 is considered safe and trustworthy). If you are seeking a social trading platform where you can copy other successful traders and have a one-stop solution for various types of trading, you may choose eToro. However, if you want to trade forex and CFDs, you may choose XTB.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Risk Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89 % of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
