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XTB vs eToro 2019
Is eToro better than XTB? After grading forex brokers on nearly 100 different variables, XTB is better than eToro. XTB is regulated in several financial centers, and offers a wide range of markets catering well to traders looking to trade forex, crypto, CFDs, and exchange-traded asset classes on its xStation5 platform and on MetaTrader4, which supports algorithmic trading.
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 | XTB | eToro |
| Overall | ||
| XTB Review | eToro Review | |
| 79% of retail CFD accounts lose money | 66% of retail CFD accounts lose money |
Regulation
| Feature | XTB | eToro |
| Trust Score | 90 | 88 |
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Year Founded |
2002 | 2007 |
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Publicly Traded (Listed) |
Yes | No |
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Bank |
No | No |
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Tier-1 Licenses |
1 | 2 |
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Tier-2 Licenses |
1 | 1 |
|
Tier-3 Licenses |
0 | 0 |
|
Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses
| Feature | XTB | eToro |
|
ASIC Authorised (Australia) |
No | Yes |
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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 | Yes |
Tier-2 Licenses
| Feature | XTB | eToro |
|
CBRC Authorised (China) |
No | No |
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CySEC Authorised (Cyprus) |
Yes | Yes |
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ISA Authorised (Israel) |
No | No |
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FMA Authorised (New Zealand) |
No | No |
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CBR Authorised (Russia) |
No | No |
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FSB Authorised (South Africa) |
No | No |
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SEC Authorised (Thailand) |
No | No |
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DFSA / Central Bank Authorised (UAE) |
No | No |
Tier-3 Licenses
| Feature | XTB | eToro |
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FSC Authorised (British Virgin Islands) |
No | No |
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FSC Authorised (Mauritius) |
No | No |
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Offshore Authorised |
No | No |
Investments
| Feature | XTB | eToro |
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Forex: Spot Trading |
Yes | Yes |
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Currency Pairs (Total Forex pairs) |
48 | 47 |
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CFDs - Total Offered |
1728 | 1449 |
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Cryptocurrency traded as actual |
No | Yes |
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Cryptocurrency traded as CFD |
Yes | Yes |
| Offering of Investments | ||
| Winner | check_circle |
Cost
| Feature | XTB | eToro |
|
Average Spread EUR/USD - Standard |
0.9 (as of May 19) | 3 (as of May 19) |
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All-in Cost EUR/USD - Active |
0.8 (as of May 19) | N/A |
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Active Trader or VIP Discounts |
No | Yes |
| Commissions & Fees | ||
| Winner | check_circle |
Funding
| Feature | XTB | eToro |
|
Minimum Initial Deposit |
$250.00 | $200 |
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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 | XTB | eToro |
|
Proprietary Platform |
Yes | Yes |
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Desktop Platform (Windows) |
Yes | No |
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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) |
Yes | No |
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MetaTrader 5 (MT5) |
No | No |
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cTrader |
No | No |
Trading Tools
| Feature | XTB | eToro |
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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 |
7 | 6 |
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Charting - Indicators / Studies (Total) |
51 | 67 |
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Charting - Drawing Tools (Total) |
31 | 14 |
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Charting - Trade From Chart |
Yes | No |
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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 | XTB | eToro |
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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 |
Yes | No |
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Watch List |
Yes | Yes |
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Watch List Syncing |
No | Yes |
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Charting - Indicators / Studies |
30 | 5 |
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Charting - Draw Trend Lines |
Yes | No |
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Charting - Trend Lines Moveable |
Yes | No |
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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 |
Yes | No |
| Mobile Trading | ||
| Winner | check_circle |
Research
| Feature | XTB | eToro |
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Daily Market Commentary |
Yes | Yes |
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Forex News (Top-Tier Sources) |
Yes | No |
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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 Trading / Copy-Trading |
Yes | Yes |
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Social Sentiment - Currency Pairs |
Yes | Yes |
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Economic Calendar |
Yes | Yes |
| Research | ||
| Winner | check_circle |
Education
| Feature | XTB | eToro |
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Has Education - Forex |
Yes | Yes |
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Has Education - CFDs |
Yes | No |
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Client Webinars |
Yes | Yes |
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Client Webinars (Archived) |
Yes | No |
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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) |
No | Yes |
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Tutorials/Guide (PDF or Interactive) |
No | No |
| Education | ||
| Winner | check_circle |
Major Forex Pairs
| Feature | XTB | eToro |
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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 |
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USDCNH (or CNHUSD) |
No | Yes |
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USDSGD (or SGDUSD) |
No | Yes |
Overall
| Feature | XTB | eToro |
| XTB Review | eToro Review | |
| Overall | ||
| Winner | check_circle |
Our ForexBrokers.com team spent several months and hundreds of hours assessing 28 different forex broker accounts for trading FX. In total, over 2,200 data points were collected. For this review, we will compare eToro vs XTB.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. XTB is a better option with a 4.00 star rating over eToro's 3.50 star rating.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. eToro and XTB both are regulated in a major hub. XTB is a publicly traded company, eToro isn't. How many currency pairs are available to trade? XTB boasts an offering of 48 different currency pairs compared to eToro's 47 available pairs.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. XTB offers Meta Trader while eToro does not. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. XTB offers its clients access to 31 charting tools while eToro has 14 charting tools, a difference of 17. XTB trails eToro by 16 total different indicators (for example, moving averages), with eToro offering 67 and XTB offering 51.
eToro Review
XTB Review
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. XTB is a better option with a 4.00 star rating over eToro's 3.50 star rating.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. eToro and XTB both are regulated in a major hub. XTB is a publicly traded company, eToro isn't. How many currency pairs are available to trade? XTB boasts an offering of 48 different currency pairs compared to eToro's 47 available pairs.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. XTB offers Meta Trader while eToro does not. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. XTB offers its clients access to 31 charting tools while eToro has 14 charting tools, a difference of 17. XTB trails eToro by 16 total different indicators (for example, moving averages), with eToro offering 67 and XTB offering 51.
eToro Review
XTB Review
Related Comparisons
Trading CFDs, FX, and cryptocurrencies involves 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 02/18/2019 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.
