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.
eToro vs XM Group: eToro was founded in 2007 and is publicly traded (listed on a stock exchange); it is not a bank. XM Group was founded in 2009, is not publicly traded, and is also not a bank.
Regulation and trust: Both brokers hold strong oversight with four Tier-1 licenses (highly trusted by ForexBrokers.com) and one Tier-2 license each. On ForexBrokers.com’s Trust Score, eToro earns 96/99 and XM Group 93/99—both in the highly trusted 90–99 range. For context, 80–89 is trusted, 70–79 average risk, 60–69 high risk, and below 59 not trusted.
| 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 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Comparing commissions and fees, eToro lists a typical variable spread of 1 pip on EUR/USD, which is a bit higher than the industry average. Many retail traders use eToro for its social copy trading features rather than chasing the lowest spreads. XM Group’s Standard account spreads are considered expensive, and it does not publish average spreads for its commission-based XM Zero account, which can make it harder to gauge total trading costs upfront. For this category, eToro is rated 4.5 out of 5 stars and ranks #23 out of 63 brokers at ForexBrokers.com, while XM Group is rated 4 out of 5 stars and ranks #34 out of 63.
eToro is a market-maker and offers a VIP program called eToro Club with five tiers from Silver to Diamond for balances of $5,000 to $250,000. Perks can include access to Trading Central, discounted deposit and withdrawal fees, and a dedicated account manager. XM Group, by contrast, leans on account variety, yet its Standard account spreads are on the high side and the lack of published averages for XM Zero’s spreads limits transparency for cost-focused traders.
| Feature |
eToro
|
XM Group
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $5 |
| Average spread (EUR/USD) - Standard account | N/A | 1.6 |
| All-in Cost EUR/USD - Active | N/A | 0.8 |
| 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.
Comparing eToro vs XM Group on range of investments: both brokers offer forex trading (available as CFDs or spot) with an identical 55 currency pairs. eToro lists 7,441 tradeable symbols, far more than XM Group’s 1,394. Each broker lets you buy exchange-traded securities (not CFDs) on both U.S. and international exchanges, and both support copy trading.
For crypto access, eToro offers both actual cryptocurrency purchases and crypto CFDs, while XM Group offers crypto CFDs but not delivered crypto. In our Range of Investments ratings, eToro scores 5 out of 5 stars and ranks #11 of 63 brokers; XM Group scores 4.5 out of 5 stars and ranks #25 of 63. In short, eToro suits investors seeking a larger product lineup and real crypto, whereas XM Group covers the essentials with a smaller selection.
| Feature |
eToro
|
XM Group
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7441 | 1394 |
| 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.
Comparing eToro vs XM Group for trading platforms and tools: both brokers offer a free demo account, web-based trading, copy trading, and the ability to place trades directly from charts. eToro provides a proprietary, in-house platform and focuses on social and copy trading. It does not offer a Windows desktop download and does not support MetaTrader 4 (MT4) or MetaTrader 5 (MT5). XM Group, by contrast, does not have its own platform but supports a Windows desktop platform along with both MT4 and MT5.
For quality scores, ForexBrokers.com rates eToro 4.5/5 stars and ranks it #8 out of 63 brokers for Trading Platforms and Tools, while XM Group earns 4/5 stars and ranks #33. In short, eToro suits traders who want a streamlined web platform with social features, whereas XM Group is a better fit if you prefer MetaTrader and a downloadable desktop experience.
| 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.
Comparing the eToro vs XM Group mobile apps, both brokers offer iPhone and Android apps with price alerts and watchlist syncing between mobile and web. For charting, eToro includes 104 technical studies in its mobile app, while XM Group offers 30. A key difference is drawing tools: XM Group lets you draw trendlines on charts, but eToro does not. Neither app auto-saves chart drawings.
In independent reviews, eToro earns 4.5 out of 5 stars for Mobile Trading Apps and ranks #10 out of 63 brokers at ForexBrokers.com. XM Group scores 4 out of 5 stars and ranks #31 out of 63. In short, choose eToro if you want a wider set of built-in indicators, or pick XM Group if trendline drawing on mobile matters more to you.
| 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 | No | 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 and XM Group for beginner education: both make it easy to learn with monthly live webinars and at least 10 beginner-friendly videos that explain key trading topics in plain language. As you progress, each broker also offers 10+ advanced videos, so you can keep building skills over time with a mix of on-demand lessons and live sessions.
In our data, eToro earns 4.5 out of 5 stars for Education and ranks #5 out of 63 brokers at ForexBrokers.com, while XM Group scores a perfect 5 out of 5 stars and ranks #7 out of 63. If you want the highest education score, XM Group has the edge; if overall category placement matters more, eToro sits slightly higher. Either way, beginners get regular webinars and deep video libraries to learn step by step.
| 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 #17.
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 | 96 | 93 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| 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 |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 96 | 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 | 96 | 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 | 1 | |
| 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 (SFC 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) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA 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 | 1394 | |
| 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 | N/A | 1.6 | |
| All-in Cost EUR/USD - Active | N/A | 0.8 | |
| 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 | No | 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 |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 96 | 93 | |
| Winner | check_circle | ||
| Review | eToro Review | XM Group Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Pepperstone
FP Markets
Tickmill