eToro versus XTB
eToro, home to 25M+ traders and a leader in social trading, continues its expansion into the cryptocurrency sector following its announcement of an NFT fund. Traders get a balanced asset selection, while CopyTrader, CopyPortfolios, and in-house managed thematic investment portfolios remain at the core of its operations. Beginner traders get a quality educational service at the eToro Academy.
XTB, publicly listed in Poland, provides traders with a quality proprietary trading platform, a balanced choice of trading instruments, and competitive trading costs. Traders also get higher leverage, a volume-based rebate program rewards high-frequency traders, and the XTB Trading Academy offers beginners quality content, aiding its market expansion approaching 450,000 traders.
I have conducted an in-depth review of eToro and XTB to determine which one presents the better overall choice and which traders will benefit the most at either broker.
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- eToro vs. XTB - Verdict
Features and Platforms
Features & Platforms | eToro (visit site) | XTB (visit site) |
Headquarter: | Israel | Poland |
Established : | 2007 | 2002 |
Retail Loss Rate: | Undisclosed | 73.00% |
Regulation: | ||
Minimum Deposit: | $10 - $10,000 | $0 |
Demo Account: | ||
Managed Account: | ||
Islamic Account: | ||
Inactivity Fee | $10 monthly after 12 months | €10 monthly after 12 months |
Deposit Fee: | Third-Party | Third-Party |
Withdrawal Fee | Yes + Third-Party | Third-Party |
Funding Methods: | 10 | 5 |
MT4: | ||
MT5: | ||
cTrader: | ||
Proprietary Platform: | ||
Automated Trading: | ||
Social / Copy Trading: | ||
MT4/MT5 Add-ons: | ||
Guaranteed Stop Loss: | ||
Negative Balance Protection: | ||
Bonuses and Promotions: | ||
Unique Feature One: | Large trading community | High leverage |
Unique Feature Two: | Copy-trading platform | Low trading costs |
Broker Offers: | *74% of retail CFD accounts lose money |
Noteworthy:
Neither broker supports algorithmic trading solutions, but eToro is a social trading broker, placing it ahead of XTB, which maintains a better trading environment for scalpers and high-frequency traders.
Available Markets
Available Markets | eToro | XTB |
Currency Pairs: | ||
Cryptocurrency Pairs: | ||
Commodities and Metals: | ||
Indices: | ||
Equities: | ||
Bonds: | ||
ETFs: | ||
Options, Futures, and Synthetics: | ||
Maximum Retail Leverage: | 1:30 | 1:500 |
Maximum Pro Leverage: | Undisclosed | 1:500 |
Both brokers feature 2,000+ CFDs and maintain a balanced asset selection, with most trading instruments covering global equities. eToro takes an overall lead due to 220+ETFs, in-house managed thematic portfolios, and its choice of cryptocurrencies. They include physical cryptocurrency trading and staking. Neither has a broad-based Forex selection, but sufficient for many traders.
Typical Spreads & Fees | eToro | XTB |
Minimum Raw Spreads: | Not applicable | Not applicable |
Minimum Standard Spreads: | 1.0 pips | 0.1 pips |
Minimum Commission for Forex: | N/A | Commission-free |
Commission for Equity CFDs: | 0.09% | 0.08% per lot |
Cash Rebates: | ||
Execution Type: | Market Maker | NDD |
XTB bests eToro with its pricing environment. The EUR/USD costs a minimum of $1.00 at XTB versus $10.00 at eToro. The difference in average costs is narrower but remains significant. Commissions on equity CFDs are also lower at XTB versus eToro, where the latter only offers commission-free trading on unleveraged equity buy orders.
Security and Trust
eToro
Country of the Regulator | Name of the Regulator | License Number |
US | N/A | Undisclosed |
Cyprus | Cyprus Securities Exchange Commission | 109/10 |
UK | Financial Conduct Authority | 583263 |
Australia | Australian Securities and Investments Commission | 491139 |
Seychelles | Financial Services Authority | SD076 |
XTB
Country of the Regulator | Name of the Regulator | License Number |
Poland | Komisja Nadzoru Finansowego | 0000217580 |
Belize | International Financial Services Commission | 000302/185 |
UK | Financial Conduct Authority | 522157 |
Cyprus | Cyprus Securities and Exchange Commission | 169/12 |
Spain | Comisión Nacional del Mercado de Valores | 40 |
South Africa | Financial Sector Conduct Authority | 49970 |
eToro and XTB segregate client deposits from corporate funds and offer negative balance protection. Both maintain a secure trading environment. XTB is publicly listed in Poland while eToro plans a US listing.
eToro vs IQ Option – Verdict
eToro
Pros | Cons |
Copy-trading with a community numbering almost 25 million traders | Higher minimum deposit requirement but within a reasonable range |
User-friendly web-based trading platform and mobile app | Absence of MT4 and no algorithmic trading |
Quality educational offering for beginner traders via videos | |
Balanced asset selection with a focus on equity CFDs and ETFs |
XTB
Pros | Cons |
Outstanding trading costs, ranking among the best Forex spreads industry-wide | Limited deposit and withdrawal methods |
Well-balanced asset selection with high leverage | Absence of MT4 and no algorithmic trading |
Fast NDD order execution and deep liquidity | |
Quality training academy for beginner traders |
eToro offers social traders a high-quality trading environment, where equity and cryptocurrency traders get an edge over XTB. Scalpers and high-frequency traders get a superior platform at XTB, driven by lower trading costs. Overall, eToro bests XTB amid a trading environment that appeals to a broader trader base.
You might also be interested in reviewing the below broker comparisons: