eToro vs. XM Comparison

This contrast overview helps customers that battle to select between eToro and XM to locate the very best online broker for their trading and investment requirements. It evaluates the highlights of both brokers side by side to aid users contrast their service and make an educated choice.

To assist customers select the appropriate broker between eToro and XM to locate the best-suited system, below is a list of broker’s pros and cons, followed by a comparison of their primary trading functions, consisting of trading platforms & devices, fees, mobile trading, down payment & withdrawal, possessions, law, and customer assistance.

eToro vs. XM: Summary

eToro logo

eToro is a multi-asset brokerage company with the world’s biggest social trading community (over 30 million users). Their platform and mobile app features are easy to use for beginners and include an intuitive copy trading tool, simple buy & sell orders and free demo account. Users can trade with CFDs on major stocks, ETFs, forex, and cryptocurrencies.

eToro charges 0% commission on stocks, ETFs and cryptocurrencies. They charge an average spread of 0.9 pips on most forex pairs. eToro’s non trading fees are above average and include overnight, inactivity ($10/month) and currency conversion fees ($5/conversion).

Their customer support is available through email and live chat in Arabic and English.

XM logo

XM is a Best-in-Class broker offering a complete MetaTrader suite coupled with upgrades to enhance trading experience and use of custom indicators. Through its various brands, XM offers traders a total of 1,230 CFDs across multiple asset classes, including forex, cryptos, stocks and CFDs.

XM offers low min deposits and wide range of account types. XM Forex offers low spreads and flexible lot sizes and is considered an average-risk trader. They are privately owned and do not operate a bank.

XM is regulated and authorized by the Australian Securities & Investment Commission (ASIC) and the UK’s Financial Conduct Authority (FCA)

Pros

  • Low minimum deposit ($50)
  • 0% commission stocks and ETF trading
  • Easy to use mobile trading app and platforms
  • Industry leading social/copy trading app
  • Responsive customer support

Cons

  • Algorithmic trading not available
  • Forex and CFD fees above industry average
  • Education and research tools missing

Pros

  • Very good customer support
  • Very competitive trading fees
  • Good choice of different trading platforms

Cons

  • Could have more deposit and withdrawal options

Key features

  • Average trading fees
  • Industry leading social/copy trading tool
  • Easy buy/sell order types
  • Crypto exchange & brokerage services
  • Fast registration and KYC on-boarding process
  • Multiple payment options

Key features

  • Access to 1,000+ trading instruments
  • Trade the markets your way using one or multiple of the 16 available trading platforms including MT4 and MT5
  • No re-quotes nor order rejections
  • Broad range of educational material offered in the form of webinars, videos, live trading education sessions, and podcasts
  • Extensive research tools via XM Research Centre including trade ideas, technical summaries, and a detailed economic calendar
  • Free VPS perfectly suited for EAs and other automated trading software

eToro vs. XM Comparison

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Compare brokers
eToro logo

eToro

Open account Read review

Leveraged and speculative product. Not suitable for all investors. You should consider whether you can afford to take the high risk of losing your money. Capital is at risk.

XM logo

XM

Open account Read review

75.59% of retail CFD accounts lose money

BROKER COMPARISON

eToro logo
XM logo

Overall rating

4,9/5

4,1/5

Overall rating

4,9/5

4,1/5

Trading Platform & Tools

4.9

3.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:30 1:888
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.8

4.1

See details
Withdrawal Fee $5 0
Deposit Fee 0 0
Inactivity Fee $10 a month after one year 0
Cost Per Trade N/A 0
Cost Per Month N/A 0
Forex (EUR/USD) 1.1 pip 1.6 pips
Stocks & ETF 0 0,1% – (min $5)
CFD (Gold) 5 pip 3 pips
Crypto 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

4.9

4.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.9

3.8

See details
Minimum deposit (in UAE) $50 $5
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.8

2.8

See details
Shares 2.800 100
ETF & Funds 0 0
Crypto 30 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
Forex 49 55
CFD Indices & Funds 250 14
CFD Stocks 2800 1286
CFD Commodities 54 14
CFD Crypto 32 5
CFD Bonds 0 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

5.0

5.0

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

5.0

4.5

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

eToro vs. XM Comparison Conclusion

The results of our contrast of eToro vs. XM are involved the table listed below.

Broker:Best For:
eToroStocks and ETFs & Social Copy Trading
XMResearch & Education

Selecting the appropriate selection in between eToro and XM can be hard. Both on-line brokers have similarities but vary relating to trading instruments, platforms & apps, law, down payment & withdrawals, and study and education and learning. Selecting the most effective broker depends upon users’ trading & investment objectives, private preferences, and experience level.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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