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eToro vs XTB 2019

ForexBrokers.com | September 19th, 2019

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  3. eToro vs XTB Review
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.

Overall Rating

Feature eToro XTB
Overall 4 4
eToro Review XTB Review
75% of retail CFD accounts lose money 79% of retail CFD accounts lose money

Regulation

Feature eToro XTB
Trust Score 88 90
Year Founded
 2007 2002
Publicly Traded (Listed)
 No Yes
Bank
 No No
Tier-1 Licenses
 2 1
Tier-2 Licenses
 1 1
Tier-3 Licenses
 0 0
Authorised in the European Union
 Yes Yes

Tier-1 Licenses

Feature eToro XTB
ASIC Authorised (Australia)
 Yes No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
 No No
FSA Authorised (Japan)
 No No
MAS Authorised (Singapore)
 No No
FINMA Authorised (Switzerland)
 No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Investments

Feature eToro XTB
Forex: Spot Trading
 Yes Yes
Social Trading / Copy-Trading
 Yes Yes
Currency Pairs (Total Forex pairs)
 47 48
CFDs - Total Offered
 1980 1728
Cryptocurrency traded as actual
 Yes No
Cryptocurrency traded as CFD
 Yes Yes
Offering of Investments 4 3.5
Winner check_circle

Cost

Feature eToro XTB
Average Spread EUR/USD - Standard
 3 (as of May 19) 0.9 (as of May 19)
All-in Cost EUR/USD - Active
 N/A 0.8 (as of May 19)
Active Trader or VIP Discounts
 Yes No
Commissions & Fees 3.5 4
Winner check_circle

Funding

Feature eToro XTB
Minimum Initial Deposit
 $200 $250.00
Bank Wire (Deposit/Withdraw)
 Yes Yes
Visa/Mastercard (Credit/Debit)
 Yes Yes
PayPal (Deposit/Withdraw)
 Yes Yes
Skrill (Deposit/Withdraw)
 Yes Yes

Trading Platforms

Feature eToro XTB
Proprietary Platform
 Yes Yes
Desktop Platform (Windows)
 No Yes
Web Platform
 Yes Yes
Social Trading / Copy-Trading
 Yes Yes
MetaTrader 4 (MT4)
 No Yes
MetaTrader 5 (MT5)
 No No
cTrader
 No No

Trading Tools

Feature eToro XTB
Virtual Trading (Demo)
 Yes Yes
Alerts - Basic Fields
 Yes Yes
Watchlists - Total Fields
 6 7
Charting - Indicators / Studies (Total)
 66 51
Charting - Drawing Tools (Total)
 13 31
Charting - Trade From Chart
 No Yes
Charting - Drawings Autosave
 Yes Yes
Order Type - Trailing Stop
 Yes Yes
Platform & Tools 4 4
Winner check_circle

Mobile Trading

Feature eToro XTB
Android App
 Yes Yes
Apple iOS App
 Yes Yes
Trading - Forex
 Yes Yes
Trading - CFDs
 Yes Yes
Alerts - Basic Fields
 No Yes
Watch List
 Yes Yes
Watch List Syncing
 Yes No
Charting - Indicators / Studies
 5 30
Charting - Draw Trend Lines
 No Yes
Charting - Trend Lines Moveable
 No Yes
Charting - Multiple Time Frames
 Yes Yes
Charting - Drawings Autosave
 No No
Forex Calendar
 No Yes
Mobile Trading 4 3.5
Winner check_circle

Research

Feature eToro XTB
Daily Market Commentary
 Yes Yes
Forex News (Top-Tier Sources)
 No Yes
Weekly Webinars
 No No
AutoChartist
 No No
Trading Central (Recognia)
 No No
Delkos Research
 No No
Social Sentiment - Currency Pairs
 Yes Yes
Economic Calendar
 Yes Yes
Research 3 4
Winner check_circle

Education

Feature eToro XTB
Has Education - Forex
 Yes Yes
Has Education - CFDs
No Yes
Client Webinars
 Yes Yes
Client Webinars (Archived)
 No Yes
Videos - Beginner Trading Videos
 Yes Yes
Videos - Advanced Trading Videos
 Yes Yes
Investor Dictionary (Glossary)
 Yes No
Education 4 4
Winner check_circle

Major Forex Pairs

Feature eToro XTB
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

Overall

Feature eToro XTB
eToro Review XTB Review
Overall 4 4
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

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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.

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