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 |
eToro vs. XM Group on commissions and fees: eToro is a market-maker broker that lists a typical variable spread of 1 pip on EUR/USD, which is slightly above the industry average. Traders often choose eToro less for tight spreads and more for its social copy trading. For larger balances, the eToro Club (Silver to Diamond, $5,000–$250,000) adds perks like Trading Central access, discounted withdrawal and deposit fees, and a dedicated account manager. eToro is rated 4.5/5 stars for commissions and fees and ranks #22 out of 63 brokers according to ForexBrokers.com.
XM Group’s pricing is less transparent for its commission-based XM Zero account because average spreads are not published, and its Standard account spreads are considered expensive. XM Group is rated 4/5 stars for commissions and fees and ranks #34 out of 63 brokers with ForexBrokers.com.
Bottom line: eToro posts a typical 1‑pip EUR/USD spread and isn’t the cheapest, while XM’s Standard account is pricey and XM Zero’s average spreads aren’t disclosed. On independent ratings, eToro leads XM Group for commissions and fees (4.5 vs. 4 stars; #22 vs. #34). Always confirm current spreads and charges on each broker’s website before trading.
| Feature |
eToro
|
XM Group
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $5 |
| Average spread (EUR/USD) - Standard account | N/A | 2 |
| All-in Cost EUR/USD - Active | N/A | 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.
eToro vs XM Group: when it comes to range of investments, eToro offers 7,441 tradeable symbols compared with XM Group’s 1,394. Both brokers support forex trading via CFDs or spot contracts and list 55 currency pairs, so each covers the key forex markets, with eToro providing a wider overall selection.
Outside of forex, both platforms let you buy exchange‑traded stocks (not CFDs) on U.S. and international exchanges, and both offer copy trading. For crypto, eToro supports both real (delivered) cryptocurrencies and crypto CFDs, while XM Group offers crypto CFDs only. In independent assessments by ForexBrokers.com for Range of Investments, eToro earns 5 stars and ranks 11th out of 63 brokers; XM Group scores 4.5 stars and ranks 19th.
| 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.
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.
Both eToro and XM Group offer full-featured mobile trading apps for iPhone and Android. Each app supports price alerts and watchlist syncing, so your symbols stay updated across mobile and web. If you want an easy way to track markets on the go with alerts and synced lists, either broker will do the job.
For charting, eToro packs in 104 technical studies, while XM Group offers 30. However, XM Group lets you draw trendlines in the app, and eToro does not; neither app auto-saves drawings. In overall mobile quality, eToro edges ahead with a 4.5-star rating and ranks #10 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while XM Group holds a 4-star rating and ranks #26. In short: choose eToro for more built-in indicators, or XM Group if drawing trendlines on mobile matters 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 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 | 96 | 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 | 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 (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) | |||
| 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 | 2 | |
| All-in Cost EUR/USD - Active | N/A | 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 | 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 |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| 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