Written by ForexBrokers.com
In this head to head comparison of eToro vs XM Group, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% 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.
Comparing eToro vs XM Group on trust and regulation: eToro, founded in 2007, is publicly traded, while XM Group, founded in 2009, is not; neither is a bank. On ForexBrokers.com’s 99-point Trust Score, eToro scores 97 and XM Group 93—both in the 90–99 range, which indicates a highly trusted broker.
Both brokers hold four Tier-1 licenses (highly trusted). eToro also holds one Tier-2 license, while XM Group holds three Tier-2 licenses (trusted). In short, each offers strong top-tier oversight, with XM Group carrying more mid-tier approvals and eToro being exchange-listed.
| Feature |
eToro
|
XM Group
|
|---|---|---|
| Year Founded | 2007 | 2009 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 4 |
| Tier-2 Licenses | 1 | 3 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing commissions and fees, eToro lists a typical variable spread of 1 pip on EUR/USD. As a market-maker, that pricing sits a bit above the industry average, and many traders choose eToro more for its social copy trading features than for tight spreads. For the Commissions and Fees category, eToro is rated 4 out of 5 stars and is ranked #22 out of 63 brokers by ForexBrokers.com.
XM Group’s standard account spreads are considered expensive, and it does not publish average spreads for its commission-based XM Zero account, which makes apples-to-apples comparisons harder. XM Group earns 3.5 out of 5 stars for Commissions and Fees and is ranked #34 out of 63 by ForexBrokers.com.
If you want extra perks that may offset some costs, eToro’s VIP Club spans five tiers from Silver to Diamond for balances of $5,000–$250,000, offering benefits such as Trading Central access, discounted deposit and withdrawal fees, and a dedicated account manager. That said, eToro’s spreads remain a touch higher than average, while XM Group’s pricing transparency is limited on its XM Zero account. For fees alone, eToro scores higher overall, but neither broker is a go-to for ultra-low spreads—so checking live quotes before trading is wise.
| Feature |
eToro
|
XM Group
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $5 |
| Average spread (EUR/USD) - Standard account | 1 | 2 |
| All-in Cost EUR/USD - Active | 1 | N/A |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
In the eToro vs XM Group matchup for range of investments, eToro lists 7,441 tradeable symbols versus XM Group’s 1,429, while both offer 55 forex pairs. Forex can be traded as CFDs or spot at both brokers. Each provides access to exchange-traded securities on U.S. markets and international exchanges, so you can buy shares like Apple or Vodafone without using CFDs. On ForexBrokers.com, eToro earns 5 stars and ranks 11th of 63 for Range of Investments, while XM Group scores 4.5 stars and ranks 19th.
Feature-wise, both platforms support copy trading and cryptocurrency CFDs. The key difference is crypto access: eToro also lets you buy actual, delivered crypto, whereas XM Group does not. If you want the widest selection and the option to own crypto directly, eToro has the edge; if you just need core markets, XM Group covers the basics well. Availability can vary by region.
| Feature |
eToro
|
XM Group
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7441 | 1429 |
| Forex Pairs (Total) | 55 | 55 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
eToro vs XM Group: Both brokers provide a free demo (paper) account, web-based trading, copy trading, and the ability to place trades directly from charts. eToro offers its own proprietary platform and leans browser-first with no Windows desktop download, and it does not support MetaTrader 4 (MT4) or MetaTrader 5 (MT5). XM Group does not have a proprietary platform, but it supports both MT4 and MT5 and offers a Windows desktop platform alongside its web platform.
For trading platforms and tools, ForexBrokers.com rates eToro 4.5 stars (ranked #8 of 63) and XM Group 4 stars (ranked #27 of 63). Choose eToro if you want an in-house platform with social and copy trading in a simple web experience. Pick XM Group if you prefer the MetaTrader suite and need a Windows desktop platform, while still having web access and a demo account to practice.
| Feature |
eToro
|
XM Group
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 106 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
eToro and XM Group both offer mobile trading apps for iPhone and Android, covering stocks and forex. Each app supports price alerts and keeps your watchlists synced between your phone and your online account. For charting, eToro’s mobile app provides 104 technical studies, while the XM Group app offers 30. Both apps let you draw trendlines, but neither auto-saves chart drawings, so you’ll need to add them again when you reopen a chart.
According to ForexBrokers.com, eToro’s mobile trading app is rated 4.5 out of 5 stars and ranks #10 out of 63 brokers, while XM Group’s app is rated 4 out of 5 stars and ranks #26. If you want more built-in indicators and a higher-rated experience, eToro stands out. If you mainly need alerts, synced watchlists, and straightforward charting on iPhone or Android, XM Group still covers the essentials.
| Feature |
eToro
|
XM Group
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 104 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | No |
Dive deeper: Best Forex Trading Apps.
Comparing eToro vs XM Group for market research, both brokers deliver daily market commentary and forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones. Each provides Trading Central tools, sentiment indicators that show long/short positioning, and an economic calendar for upcoming events. Neither broker offers Autochartist or Acuity Trading tools.
The key difference is that eToro adds TipRanks research, while XM Group does not. In ForexBrokers.com’s Research category, XM Group earned 5 stars and ranked #8 out of 63 brokers, whereas eToro received 4.5 stars and ranked #13. If you value TipRanks integration, eToro has the edge; if overall research scores matter most, XM Group comes out ahead.
| Feature |
eToro
|
XM Group
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | Yes | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing eToro vs XM Group for beginner education: both deliver a full slate of forex and CFD learning materials that easily clear the 10-piece mark. Each runs ongoing client webinars at least monthly and offers deep video libraries with 10+ beginner lessons and 10+ advanced topics, making it simple for new traders to build skills step by step while having room to grow.
On independent ratings, XM Group earns 5 stars for Education, while eToro is rated 4.5 stars. In the Education category ranking across 63 brokers, eToro places #3 and XM Group ranks #5. If you prioritize the highest star rating, XM Group edges ahead; if category rank matters more, eToro takes the higher spot. Either way, beginners will find plenty of clear, accessible resources on both platforms.
| Feature |
eToro
|
XM Group
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that eToro is better than XM Group. eToro finished with an overall rank of #9, while XM Group finished with an overall rank of #16.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
|
XM Group
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 97 | 93 |
| Range of Investments |
|
|
| Trading Fees |
|
|
| Trading Platforms |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
eToro offers both real (delivered) cryptocurrency purchases and cryptocurrency CFDs, while XM Group supports only cryptocurrency CFDs and does not provide access to buying actual (delivered) crypto.
Comparing online brokers eToro and XM Group: eToro supports ACH/SEPA transfers and PayPal (which XM Group does not), while both brokers offer Skrill and bank wire deposits and withdrawals.
Please note:
We review each broker’s overall global offering – a “Yes” 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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | eToro | XM Group | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 97 | 93 | |
| Winner | check_circle | ||
| Review | eToro Review | XM Group Review |
| Broker Screenshots | eToro | XM Group | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| Regulation | eToro | XM Group | |
|---|---|---|---|
| Trust Score | 97 | 93 | |
| Year Founded | 2007 | 2009 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 4 | 4 | |
| Tier-2 Licenses | 1 | 3 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | eToro | XM Group | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | eToro | XM Group | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | eToro | XM Group | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7441 | 1429 | |
| Forex Pairs (Total) | 55 | 55 | |
| U.S. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | eToro | XM Group | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1 | 2 | |
| All-in Cost EUR/USD - Active | 1 | N/A | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | eToro | XM Group | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $5 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | eToro | XM Group | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | eToro | XM Group | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 106 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | XM Group | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 104 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | No | |
| Mobile Research - Economic Calendar | No | Yes |
| Research | eToro | XM Group | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | Yes | Yes | |
| TipRanks | Yes | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | eToro | XM Group | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | eToro | XM Group | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | eToro Review | XM Group Review |
| Overall | eToro | XM Group | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 97 | 93 | |
| Winner | check_circle | ||
| Review | eToro Review | XM Group Review |
IG
FOREX.com
CMC Markets
XTB
eToro
AvaTrade
Pepperstone
FP Markets
Tickmill