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eToro vs XTB 2020
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall Rating
| Feature | eToro | XTB |
| Overall | ||
| eToro Review | XTB Review | |
| 75% of retail CFD accounts lose money | 75% of retail CFD accounts lose money |
Regulation
| Feature | eToro | XTB |
| Trust Score | 91 | 92 |
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Year Founded |
2007 | 2002 |
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Publicly Traded (Listed) |
No | Yes |
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Bank |
No | No |
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Tier-1 Licenses |
2 | 1 |
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Tier-2 Licenses |
1 | 1 |
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Tier-3 Licenses |
0 | 1 |
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Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses
| Feature | eToro | XTB |
|
ASIC Authorised (Australia) |
Yes | No |
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IIROC Authorised (Canada) |
No | No |
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SFC Authorised (Hong Kong) |
No | No |
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FSA Authorised (Japan) |
No | No |
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MAS Authorised (Singapore) |
No | No |
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FINMA Authorised (Switzerland) |
No | No |
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FCA Authorised (UK) |
Yes | Yes |
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CFTC Registered (USA) |
No | No |
Investments
| Feature | eToro | XTB |
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Forex: Spot Trading |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes |
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Currency Pairs (Total Forex pairs) |
47 | 49 |
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CFDs - Total Offered |
1980 | 1894 |
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Cryptocurrency traded as actual |
Yes | No |
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Cryptocurrency traded as CFD |
Yes | Yes |
| Offering of Investments | ||
| Winner | check_circle |
Cost
| Feature | eToro | XTB |
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Average Spread EUR/USD - Standard |
3 (as of May 19) | 0.78 (as of Q3 19) |
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All-in Cost EUR/USD - Active |
N/A | 0.78 (as of Q3 19) |
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Active Trader or VIP Discounts |
Yes | Yes |
| Commissions & Fees | ||
| Winner | check_circle |
Funding
| Feature | eToro | XTB |
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Minimum Initial Deposit |
$200 | $0.00 |
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Bank Wire (Deposit/Withdraw) |
Yes | Yes |
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Visa/Mastercard (Credit/Debit) |
Yes | Yes |
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PayPal (Deposit/Withdraw) |
Yes | Yes |
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Skrill (Deposit/Withdraw) |
Yes | Yes |
Trading Platforms
| Feature | eToro | XTB |
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Proprietary Platform |
Yes | Yes |
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Desktop Platform (Windows) |
No | Yes |
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Web Platform |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes |
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MetaTrader 4 (MT4) |
No | Yes |
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MetaTrader 5 (MT5) |
No | No |
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cTrader |
No | No |
Trading Tools
| Feature | eToro | XTB |
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Virtual Trading (Demo) |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
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Watchlists - Total Fields |
6 | 7 |
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Charting - Indicators / Studies (Total) |
66 | 51 |
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Charting - Drawing Tools (Total) |
13 | 31 |
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Charting - Trade From Chart |
No | Yes |
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Charting - Drawings Autosave |
Yes | Yes |
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Order Type - Trailing Stop |
Yes | Yes |
| Platform & Tools | ||
| Winner | check_circle |
Mobile Trading
| Feature | eToro | XTB |
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Android App |
Yes | Yes |
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Apple iOS App |
Yes | Yes |
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Trading - Forex |
Yes | Yes |
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Trading - CFDs |
Yes | Yes |
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Alerts - Basic Fields |
No | Yes |
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Watch List |
Yes | Yes |
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Watch List Syncing |
Yes | No |
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Charting - Indicators / Studies |
5 | 30 |
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Charting - Draw Trend Lines |
No | Yes |
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Charting - Trend Lines Moveable |
No | Yes |
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Charting - Multiple Time Frames |
Yes | Yes |
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Charting - Drawings Autosave |
No | No |
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Forex Calendar |
No | Yes |
| Mobile Trading | ||
| Winner | check_circle |
Research
| Feature | eToro | XTB |
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Daily Market Commentary |
Yes | Yes |
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Forex News (Top-Tier Sources) |
No | Yes |
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Weekly Webinars |
No | No |
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AutoChartist |
No | No |
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Trading Central (Recognia) |
No | No |
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Delkos Research |
No | No |
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Social Sentiment - Currency Pairs |
Yes | Yes |
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Economic Calendar |
Yes | Yes |
| Research | ||
| Winner | check_circle |
Education
| Feature | eToro | XTB |
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Has Education - Forex |
Yes | Yes |
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Has Education - CFDs |
No | Yes |
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Client Webinars |
Yes | Yes |
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Client Webinars (Archived) |
No | Yes |
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Videos - Beginner Trading Videos |
Yes | Yes |
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Videos - Advanced Trading Videos |
Yes | Yes |
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Investor Dictionary (Glossary) |
Yes | No |
| Education | ||
| Winner | check_circle |
Major Forex Pairs
| Feature | eToro | XTB |
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GBP/USD |
Yes | Yes |
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USD/JPY |
Yes | Yes |
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EUR/USD |
Yes | Yes |
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USD/CHF |
Yes | Yes |
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USD/CAD |
Yes | Yes |
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NZD/USD |
Yes | Yes |
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AUD/USD |
Yes | Yes |
Overall
| Feature | eToro | XTB |
| eToro Review | XTB Review | |
| Overall | ||
| Winner | check_circle |
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. XTB is a better option with a 4 star rating over eToro's 3 star rating.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. Both eToro and XTB are regulated in a major hub. XTB is a publicly traded company, while eToro is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. XTB offers its clients access to 49 different currency pairs while eToro has 47 available pairs, a difference of 2.
To round out our comparison of eToro vs XTB, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. XTB offers Meta Trader while eToro does not. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. XTB offers its clients access to 31 charting tools while eToro has 13 charting tools, a difference of 18. eToro offers its clients access to 66 different indicators (for example, volume) while XTB has 51 available indicators, a difference of 15.
eToro Review
XTB Review
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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.
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