Written by ForexBrokers.com
In this head to head comparison of eToro vs Xtrade, 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.
When comparing online brokers, eToro and Xtrade stand out with distinct trust scores and regulatory credentials. Established in 2007, eToro boasts a high trust score of 93 out of 99 according to ForexBrokers.com, highlighting its strong credibility in the industry. This is supported by its possession of three Tier-1 licenses, which are highly rated, and one Tier-2 license. Although eToro is not traded on a public exchange and does not function as a bank, its robust regulatory standing makes it a reliable choice for online trading.
Founded earlier in 2003, Xtrade has a lower trust score of 74, placing it in the average risk category. Xtrade holds one Tier-1 license, signifying considerable trust, and also one Tier-2 license. Similar to eToro, Xtrade is neither publicly traded nor operates as a bank. For those weighing the importance of trust and regulatory strength, eToro presents a more secure option compared to Xtrade, based on their respective trust scores and number of top-tier licenses.
| Feature |
eToro
|
Xtrade
|
|---|---|---|
| Year Founded | 2007 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When it comes to comparing the commissions and fees of online brokers eToro and Xtrade, eToro takes a more appealing stand with a 4.5-star rating. eToro is known for its market-maker broker style, offering a variable spread of 1 pip on the EUR/USD pair. Although this spread is slightly above the industry average, many traders are drawn to eToro for its social copy trading features rather than its trading fees.
eToro also provides an enticing VIP Club with five membership tiers, ranging from Silver to Diamond, for traders maintaining balances from $5,000 to $250,000. Depending on the tier, VIP members can enjoy benefits like access to Trading Central, discounted withdrawal and deposit fees, and personalized account management services. This added value provides eToro with a competitive edge in terms of overall customer satisfaction.
In contrast, Xtrade offers limited information on its average spread data, resulting in a lower 2.5-star rating for commissions and fees. According to rankings by ForexBrokers.com, eToro stands at #22 out of 62 brokers, reflecting its competitive positioning in the market. Meanwhile, Xtrade is placed at the bottom of the ranking at #62, indicating room for improvement in its fee structure and transparency.
| Feature |
eToro
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $250 |
| Average Spread EUR/USD - Standard | 1 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| 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.
When considering the range of investments offered by eToro and Xtrade, it's clear that eToro provides a wider variety of options. eToro boasts a remarkable 5,461 tradeable symbols, far surpassing Xtrade’s 482. Both platforms enable traders to engage in forex trading as a CFD or spot contract, with Xtrade slightly edging out eToro by offering 56 tradeable forex pairs compared to eToro's 55. However, eToro excels with offerings beyond forex; it allows clients to purchase exchange-traded securities on both U.S. and international exchanges, a feature that Xtrade does not support. Additionally, eToro provides the unique advantages of copy trading and the ability to buy actual cryptocurrencies, which are not available with Xtrade.
In terms of cryptocurrency derivatives, both brokers offer this investment product, though only eToro allows the purchase of actual cryptocurrencies. The differences in the range of investments are reflected in their ratings: eToro receives 5 stars while Xtrade garners 3.5 stars. This disparity is further echoed in their rankings; within a competitive lineup of 62 brokers, eToro is positioned at #10 for its range of investments, while Xtrade sits at #49. For investors seeking a more diverse and comprehensive portfolio, eToro stands out as a more versatile choice.
| Feature |
eToro
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 482 |
| Forex Pairs (Total) | 55 | 56 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | No |
| 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 Xtrade both offer traders a chance to explore their platforms with free virtual demo accounts, allowing users to experience trading without financial risks. Their proprietary web-based trading platforms, developed in-house, provide a seamless experience without the need for Windows-based desktop downloads. However, a significant differentiator between the two is eToro's copy trading feature, which is not available on Xtrade. Both platforms do not support MetaTrader 4 (MT4) or MetaTrader 5 (MT5), and neither offers DupliTrade or ZuluTrade.
In terms of charting tools, eToro and Xtrade present a remarkable selection with eToro offering 161 drawing tools compared to Xtrade's 100. Nonetheless, Xtrade allows traders to act directly from stock charts, a feature not available on eToro. When it comes to watch lists, Xtrade offers nine customizable columns, slightly surpassing eToro's six. User ratings show eToro scoring 4.5 out of 5 stars for trading platforms and tools, whereas Xtrade earns 3.5 stars. These evaluations are reflected in their rankings among 62 brokers by ForexBrokers.com, where eToro is ranked eighth and Xtrade is positioned at fifty-eighth.
| Feature |
eToro
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 104 | N/A |
| Charting - Drawing Tools (Total) | 161 | 100 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both eToro and Xtrade offer iPhone and Android apps, allowing users to trade on the go. However, eToro's mobile app shines with features like stock and forex price alerts, which Xtrade lacks. eToro also supports watchlist symbol syncing, letting you keep your watchlists updated across devices, a feature missing from the Xtrade app. Furthermore, eToro provides an impressive 104 technical studies for charting, whereas Xtrade does not offer this capability. Both platforms allow viewing different time frames on charts, but you won't find trendline drawing or auto-save for chart drawings on either app.
When it comes to real-time market monitoring, eToro allows users to create watchlists with real-time quotes directly in the app, an option unavailable with Xtrade. In terms of user ratings and ForexBrokers.com rankings, eToro is rated higher at 4.5 stars and holds the 10th spot out of 62 brokers for mobile trading apps. Xtrade, in contrast, has a rating of 4 stars and is ranked 53rd, reflecting a more limited mobile trading experience. Overall, eToro seems to offer a more comprehensive and well-rounded mobile trading app compared to Xtrade.
| Feature |
eToro
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | N/A |
| Mobile Charting - Draw Trendlines | No | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
Both eToro and Xtrade provide daily market commentary to keep users informed about the latest market trends. However, when it comes to forex news from top-tier sources like Bloomberg and Reuters, Xtrade offers this advantage, whereas eToro does not. eToro stands out by offering various tools and insights such as sentiment-based trading tools that depict a ratio of long or short positions across different instruments. Furthermore, eToro collaborates with TipRanks to supply additional market research that is not available through Xtrade.
In terms of technical and fundamental research tools, eToro benefits from the capabilities of Trading Central, whereas neither platform uses Autochartist tools. Both provide an economic calendar for tracking significant global events, yet eToro receives a higher research rating with 4.5 stars compared to Xtrade's 3.5 stars. In the extensive ranking by ForexBrokers.com, eToro is placed at a respectable 13th out of 62 brokers, while Xtrade ranks 52nd, suggesting a stronger research offering from eToro.
| Feature |
eToro
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| 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 beginners, both eToro and Xtrade provide essential tools for learning about forex and CFDs, offering at least 10 educational pieces each. However, eToro stands out by delivering more comprehensive options tailored for novice traders. While Xtrade lacks live monthly webinars and a searchable webinar archive, eToro supplies these key resources, helping users understand trading concepts at their own pace. This support extends to eToro's array of beginner-focused educational videos, surpassing Xtrade, which has fewer options in this category.
Both platforms provide an investor dictionary, ensuring that users are well-versed in financial terminology. Yet, eToro excels by also offering advanced educational videos, catering to experienced traders looking to deepen their market knowledge. This wide range of educational opportunities is reflected in eToro's impressive 4.5-star education rating and fifth-place ranking out of 62 brokers on ForexBrokers.com. In comparison, Xtrade has a 3.5-star rating and ranks 46th, highlighting eToro's superior ability to educate and empower traders.
| Feature |
eToro
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that eToro is better than Xtrade. eToro finished with an overall rank of #9, while Xtrade finished with an overall rank of #59.
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
|
Xtrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 74 |
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eToro allows users to buy both actual cryptocurrencies and cryptocurrency derivatives, while Xtrade only provides options for trading cryptocurrency derivatives, not the actual cryptocurrencies.
eToro stands out as an online broker by offering ACH, SEPA transfers, and PayPal as deposit and withdrawal options, whereas Xtrade does not provide either ACH, SEPA transfers, or PayPal, but both eToro and Xtrade support Skrill, Visa, Mastercard, and bank wire 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 | Xtrade | |
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| Trust Score | 93 | 74 | |
| Winner | check_circle | ||
| Review | eToro Review | Xtrade Review |
| Broker Screenshots | eToro | Xtrade | |
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| Regulation | eToro | Xtrade | |
|---|---|---|---|
| Trust Score | 93 | 74 | |
| Year Founded | 2007 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | eToro | Xtrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| 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 | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | eToro | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 482 | |
| Forex Pairs (Total) | 55 | 56 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Xtrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $250 | |
| 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 | Xtrade | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | eToro | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 6 | 9 | |
| Charting - Indicators / Studies (Total) | 104 | N/A | |
| Charting - Drawing Tools (Total) | 161 | 100 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | eToro | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 104 | N/A | |
| Mobile Charting - Draw Trendlines | No | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | No | No |
| Research | eToro | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | eToro | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | eToro | Xtrade | |
|---|---|---|---|
| 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 | Xtrade Review |
| Overall | eToro | Xtrade | |
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| Trust Score | 93 | 74 | |
| Winner | check_circle | ||
| Review | eToro Review | Xtrade Review |
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