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XTB vs eToro 2023

BrokerNotes.co

Written by BrokerNotes.co

March 14, 2023

Trying to decide between XTB and eToro? Weโ€™ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, XTB ranks more highly than eToro.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Compare

0 of 5
Overall RatingXTBeToro
Overall Rating 9 / 10 8.8 / 10
Account TypeXTBeToro
Standard Trade Size (100,000 units) Yes Yes
Mini Trade Size (10,000 units) Yes Yes
Micro Trade Size (1,000 units) Yes Yes
Islamic Account Yes No
Copy TradingXTBeToro
Social Trading / Copy Trading Yes Yes
DupliTrade No No
ZuluTrade No No
CryptocurrencyXTBeToro
Cryptocurrency (Physical) No Yes
Cryptocurrency (CFD) Yes Yes
Bitcoin Yes Yes
ethereum Yes Yes
Forex Trading (Spot or CFDs)XTBeToro
Forex Trading (Spot or CFDs) Yes Yes
Mobile Trading - Forex or CFDs Yes Yes
Indices (Index CFDs)XTBeToro
DAX Yes Yes
Dow Jones Yes Yes
FTSE Yes Yes
NASDAQ 100 Yes Yes
Nikkei Yes Yes
SP 500 Yes Yes
InvestmentsXTBeToro
Forex Trading (Spot or CFDs) Yes Yes
Spread Betting No No
Social Trading / Copy Trading Yes Yes
Metals Yes Yes
Energies Yes Yes
Agriculturals Yes Yes
ETF Yes Yes
U.S. Stocks (CFD) Yes Yes
Trading PlatformsXTBeToro
Apple iOS App Yes Yes
Android App Yes Yes
Proprietary Platform Yes Yes
Desktop Platform (Windows) Yes No
Web Platform Yes Yes
MetaTrader 4 (MT4) Yes No
MetaTrader 5 (MT5) No No
Regulatory LicensesXTBeToro
Tier-1 Licenses 1 2
Australia (ASIC Authorised) No Yes
Canada (SRO Authorised) No No
United Kingdom (U.K.) (FCA Authorised) Yes Yes
Hong Kong (SFC Authorised) No No
Singapore (MAS Authorised) No No
Switzerland (FINMA Authorised) No No
USA (CFTC Authorized) No No
Tier-2 Licenses 3 1
Tier-3 Licenses 1 0
Research, EducationXTBeToro
Trading Central (Recognia) No Yes
Forex News (Top-Tier Sources) Yes No
Daily Market Commentary Yes Yes
Autochartist No No
Investor Dictionary (Glossary) No Yes
Videos - Beginner Trading Videos Yes Yes
Client Webinars (Archived) Yes Yes
Trading CostsXTBeToro
Minimum Deposit $0 $10-$10,000
Average Spread EUR/USD - Standard 1.07 info 1 info
All-in Cost EUR/USD - Active 1.04 info N/A
Active Trader or VIP Discounts Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
PayPal (Deposit/Withdraw) Yes Yes
Trading ToolsXTBeToro
Watchlists - Total Fields 8 6
Mobile Watchlist Yes Yes
Charting - Indicators / Studies (Total) 39 66
Mobile Charting - Indicators / Studies 39 5
Trust FactorsXTBeToro
Year Founded 2002 2007
Publicly Traded (Listed) Yes No
Bank No No
European Union Authorised (MiFID) Yes Yes info
Trust Score 95 93
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XTB vs eToro Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare XTB vs eToro.

Can I trust XTB?

XTB has a trust score of 95, giving it a "Highly Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are โ€“ in most cases โ€“ operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a โ€œDo Not Trustโ€ rating.

Can I trust eToro?

eToro has a trust score of 93, giving it a "Highly Trusted" trust label.

Is XTB a good broker?

XTB is a trusted brand that provides a well-rounded offering, including excellent customer service, a wide range of markets, great research and educational content, and well-designed trading platforms.

Is eToro a good broker?

Best known for its versatile social copy trading platform suite for web and mobile, eToro also offers a large selection of cryptocurrency products, as well as CFDs, shares, forex pairs, and a wide range of powerful trading tools. While not a discount broker, eToro delivers more benefits than its competitors in the same price range.

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. XTB is United Kingdom (U.K.) (FCA Authorised), while eToro is Australia (ASIC Authorised) and United Kingdom (U.K.) (FCA Authorised).. Neither have Canada (SRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), Switzerland (FINMA Authorised) and USA (CFTC Authorized)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, XTB is Cyprus (CySEC Authorised), South Africa (FSCA Authorised) and UAE (DFSA/Central Bank Authorised), while eToro is Cyprus (CySEC Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised) and Thailand (SEC Authorised). When comparing tier-3 licenses XTB is Belize (FSC Authorised), while eToro is none.. Neither have Bahamas (SCB Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised), Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).

Which broker offers more trading platforms?

For trading platforms XTB supports a Proprietary Platform and Desktop Platform (Windows), whereas eToro supports a Proprietary Platform.. Neither have cTrader, DupliTrade and ZuluTrade

Does XTB offer MetaTrader? Does eToro offer MetaTrader?

For MetaTrader XTB provides MetaTrader 4 (MT4), while eToro provides neither of these. If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.. Neither have MetaTrader 5 (MT5)

How do XTB and eToro differ in terms of minimum deposit? What about average spreads and funding options?

XTB requires a minimum deposit of $0, while eToro requires a minimum deposit of $10-$10,000. From our testing we found XTB offers spreads of 1.07 , while eToro offers spreads of 1. Both XTB and eToro offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for deposits.

Which brokers offers more tradeable asset classes, XTB or eToro?

Both XTB and eToro allow you to trade Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD).. Neither have Spread Betting Looking at total tradeable symbols, XTB has 12000, compared to 3458 from eToro.

Can I trade cryptocurrency with XTB or eToro?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative โ€” including spot forex contracts. In terms of trading physical cryptocurrency neither XTB nor eToro allow you to trade physical cryptocurrencies.

Who offers more research tools, XTB or eToro?

In terms of research and research tools XTB gives traders the following tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. In comparison eToro has the tools listed here: Daily Market Commentary, Stock Charts, Trading Central (Recognia) and Social Trading / Copy Trading.. Neither have Autochartist

Broker Reviews

Still looking for more information, read our broker reviews.

XTB Group Review

eToro Review

Overall winner: XTB

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announcementPlease note:

We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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