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 | 1 | 1.6 |
| All-in Cost EUR/USD - Active | N/A | 0.8 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
eToro and XM Group both support forex trading as CFDs or spot, and each offers 55 currency pairs. Where they differ is breadth: eToro lists 7,441 tradeable symbols, while XM Group offers 1,394. Both brokers also let you buy exchange-traded stocks (not CFDs) on U.S. and international exchanges, so you can purchase shares like Apple and Vodafone directly. Copy trading is available with both.
For crypto, eToro lets you buy actual coins as well as crypto derivatives, whereas XM Group supports only crypto derivatives, not delivered cryptocurrency. According to ForexBrokers.com, eToro earns 5 stars for Range of Investments and ranks #11 out of 63 brokers, while XM Group scores 4.5 stars and ranks #25—reflecting eToro’s larger product list and access to real crypto alongside its many markets.
| Feature |
eToro
|
XM Group
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7441 | 1394 |
| Forex Pairs (Total) | 55 | 55 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | 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 and XM Group both make it easy to get started with a free demo account and offer web-based platforms where you can place trades directly from the chart. eToro uses its own in-house platform and focuses strongly on copy trading. XM Group also supports copy trading, but instead of a proprietary platform it centers on MetaTrader, offering both MT4 and MT5 plus a Windows desktop platform. By contrast, eToro does not provide a Windows desktop download and does not support MT4 or MT5.
For everyday use, eToro’s watchlists display 6 data columns, while XM Group offers 7. In independent testing from ForexBrokers.com for Trading Platforms & Tools, eToro earned 4.5 stars and ranked #8 out of 63 brokers; XM Group earned 4 stars and ranked #33. In short, pick eToro if you want an easy, browser-based experience with strong social and copy features, and pick XM Group if you prefer MetaTrader and need a downloadable Windows platform.
| Feature |
eToro
|
XM Group
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade [DELETED] | ||
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 106 | 30 |
| Charting - Drawing Tools (Total) [DELETED] | ||
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both eToro and XM Group offer mobile trading apps for iPhone and Android. You can set stock or forex price alerts, build real-time quote watchlists that sync with your web account, and switch among intraday, daily, or weekly time frames. The main charting difference: eToro includes 104 technical studies but does not allow trendline drawing, while XM Group offers 30 technical indicators and does support drawing trendlines. Neither app auto-saves chart drawings.
According to ForexBrokers.com, eToro’s mobile app is rated 4.5 stars and ranks #10 out of 63 brokers, while XM Group is rated 4 stars and ranks #31. Choose eToro if you want a larger set of indicators; pick XM Group if on-chart trendline tools matter more—both deliver alerts, synced watchlists, and real-time quotes on the go.
| Feature |
eToro
|
XM Group
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 104 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | Yes |
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 | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginner traders looking into forex or CFDs, both eToro and XM Group provide comprehensive offerings. eToro supplies a variety of educational materials including articles, videos, and archived webinars that specifically focus on forex and CFDs, making it easier for newcomers to get acquainted with trading concepts. They also host monthly webinars, and provide an extensive library of previously recorded ones, allowing users to learn at their own pace. For beginners, eToro offers over 10 trading videos that target those just starting out, as well as advanced content for more experienced traders. Additionally, eToro includes an investor dictionary with over 50 investing terms to help clarify any jargon, a feature not offered by XM Group.
XM Group also delivers an impressive array of educational resources ideal for beginner traders. They provide access to a minimum of 10 pieces of educational content specifically about forex and CFDs, along with monthly webinars. Their searchable archive of recorded webinars enables users to access a wealth of past knowledge. XM Group collaborates their efforts with video content designed to cater to both beginners and advanced traders alike, ensuring there is something for everyone on their learning curve. While XM Group is rated 5 stars for Education as opposed to eToro’s 4.5 stars, eToro comes ahead in overall ranking, taking the 5th spot against XM Group's 7th place according to ForexBrokers.com.
| Feature |
eToro
|
XM Group
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | No |
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
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XM Group
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 93 |
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eToro allows users to buy both actual delivered cryptocurrency and cryptocurrency derivatives, while XM Group only provides the option to buy cryptocurrency derivatives, not the actual cryptocurrency.
eToro provides a wider range of deposit and withdrawal options, including ACH, SEPA, and PayPal, compared to XM Group, which does not support these methods; both platforms, however, offer Skrill, Visa, Mastercard, and bank wire transfers for financial transactions.
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.
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0 of 5| Overall Rating | eToro | XM Group | |
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| Trust Score | 96 | 93 | |
| Winner | check_circle | ||
| Review | eToro Review | XM Group Review |
| Broker Screenshots | eToro | XM Group | |
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| 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. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | 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 | 1 | 1.6 | |
| All-in Cost EUR/USD - Active | N/A | 0.8 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | No | |
| 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 | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | eToro | XM Group | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade [DELETED] | |||
| ZuluTrade | No | No |
| Trading Tools | eToro | XM Group | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 106 | 30 | |
| Charting - Drawing Tools (Total) [DELETED] | |||
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 104 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | XM Group | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | eToro | XM Group | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | eToro | XM Group | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | eToro Review | XM Group Review |
| Overall | eToro | XM Group | |
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| Trust Score | 96 | 93 | |
| Winner | check_circle | ||
| Review | eToro Review | XM Group Review |
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