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.
Established in 2007, eToro has become a prominent name in online trading and holds a Trust Score of 96 out of 99 from ForexBrokers.com. This high rating signals that eToro is considered highly trusted in the industry. The broker is also publicly traded, adding to its credibility. eToro boasts three Tier-1 licenses, which are viewed as highly trusted, along with one Tier-2 license. Despite not being a bank, eToro's solid regulatory framework showcases its commitment to maintaining high standards for trader trust and security.
In contrast, Xtrade was founded in 2003 and has a Trust Score of 74, indicating an average risk according to ForexBrokers.com. Unlike eToro, Xtrade is not publicly traded. It holds one Tier-1 license, reflecting a level of high trust, and one Tier-2 license, positioning it as a reliable choice for traders. Although not a banking institution, Xtrade's regulatory standing provides a foundation of trust, albeit with lower ratings compared to eToro.
| Feature |
eToro
|
Xtrade
|
|---|---|---|
| Year Founded | 2007 | 2003 |
| Publicly Traded (Listed) | Yes | 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 comparing online brokers eToro and Xtrade in terms of commissions and fees, eToro stands out with a more favorable rating. As a market-maker broker, eToro typically offers a variable spread of 1 pip on the EUR/USD. While this is slightly higher than the industry average, eToro attracts traders primarily for its social copy trading features rather than low spreads. Moreover, eToro provides a VIP club with five membership tiers ranging from Silver to Diamond, catering to traders with balances from $5,000 to $250,000. VIP members enjoy exclusive benefits like discounted withdrawal and deposit fees, access to Trading Central, and dedicated account management.
Conversely, Xtrade does not make average spread data readily available, which makes it challenging to assess its competitiveness in terms of trading fees. This lack of transparency is reflected in the lower ratings it receives. Both eToro and Xtrade exhibit notable differences in how they cater to their clients, with eToro's diversified membership structure appealing to a broader range of investors who seek additional services beyond mere trading operations.
In terms of rankings, eToro holds a solid position with a 4.5-star rating and ranks #22 out of 63 brokers for commissions and fees according to ForexBrokers.com. Xtrade, on the other hand, receives a comparatively low 2.5-star rating and sits at the bottom with a rank of #63 in the same category. These ratings and rankings highlight eToro's competitive edge over Xtrade as a more customer-focused platform with enhanced features and benefits.
| 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 comparing the range of investments offered by eToro and Xtrade, several key differences stand out. eToro provides access to a vast array of 5,461 tradeable symbols, including 55 forex pairs, whereas Xtrade offers 482 symbols with a slightly higher count of 56 forex pairs. Furthermore, eToro distinguishes itself by allowing clients to purchase actual exchange-traded securities from both U.S. and international exchanges, granting access to stocks like Apple and Vodafone. Xtrade, on the other hand, does not offer such options for U.S. or international markets.
Another notable advantage of eToro is its unique social trading feature, copy trading, which Xtrade does not offer. Additionally, while both platforms facilitate trading cryptocurrency derivatives, eToro takes it a step further by also offering the ability to purchase actual cryptocurrencies directly. These factors contribute to eToro's impressive five-star rating and a top-10 ranking in the Range of Investments category by ForexBrokers.com, while Xtrade is rated 3.5 stars and ranks 49th out of 63 brokers.
| 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.
When comparing the trading platforms and tools offered by eToro and Xtrade, both brokers provide a range of features to facilitate online trading. eToro excels in providing a user-friendly web-based platform that includes the innovative feature of copy trading, allowing users to mimic successful traders' strategies. In contrast, Xtrade does not offer copy trading, which may appeal to traders who want to replicate trades made by more experienced market participants. Both platforms are proprietary; however, they do not support popular platforms like MetaTrader 4 or MetaTrader 5. For those interested in technical analysis, eToro shines with 161 drawing tools available for charting, surpassing Xtrade's 100 options. eToro users can organize their market views with six watch list columns, while Xtrade allows for nine, offering more flexibility in data organization. Unlike eToro, Xtrade provides the convenience of trading directly from stock charts.
In terms of industry rankings and ratings, eToro holds a distinguished position with a 4.5-star rating for its trading platforms and tools, ranking 8th among 63 brokers reviewed by ForexBrokers.com. This reflects strong satisfaction among users regarding their overall experience on the platform. On the other hand, Xtrade receives a respectable 3.5-star rating, placing it at 58th for trading platforms and tools, highlighting room for improvement. Both brokers offer free virtual demo accounts, making them accessible options for beginners seeking to practice trading without financial risk. Overall, eToro tends to stand out more favorably due to its advanced features and higher industry recognition.
| 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.
When comparing eToro and Xtrade for their mobile trading apps, traders can find distinct differences in the available features. Both brokers provide apps for iPhone and Android devices, ensuring broad accessibility. However, eToro edges ahead with stock and forex price alerts, something Xtrade does not offer. This feature could be crucial for traders seeking timely market updates. eToro also provides the ability to sync watchlists between the mobile app and online account, making it easy for users to keep their preferences aligned across devices—an advantage that Xtrade lacks. Furthermore, eToro boasts an extensive selection of 104 technical studies for market analysis, while Xtrade does not specify an offering in this category.
For chart functionalities, eToro allows users to explore multiple time frames on a forex or stock chart, supporting more detailed market analysis compared to Xtrade, which does not offer this versatility. Despite neither platform supporting drawing tools or auto-saving drawings on charts, eToro's real-time quote feature for watchlists offers added value for users monitoring the dynamic market landscape, contrasting with Xtrade's limited watchlist capabilities. When it comes to ratings, eToro scores 4.5 out of 5 stars and holds a #10 ranking out of 63 brokers in ForexBrokers.com’s Mobile Trading Apps category. Meanwhile, Xtrade earns a respectable 4-star rating, but its #53 ranking indicates room for improvement. Overall, eToro's features can provide a richer experience for traders seeking comprehensive mobile trading tools.
| 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.
When comparing eToro and Xtrade for market research offerings, both brokers provide daily market commentary and an economic calendar to keep traders informed about global events. However, their approach to forex news differs. Xtrade takes the lead with access to news from top-tier providers like Bloomberg, Reuters, and Dow Jones, whereas eToro lacks this particular feature. In terms of technical analysis, eToro shines by providing tools from Trading Central, offering powerful insights that Xtrade does not match when it comes to technical analytics.
Traders looking for sentiment analysis tools will find eToro beneficial, as it provides a trading tool that displays the ratio of long or short positions across currency pairs, a feature that Xtrade does not offer. Furthermore, eToro enhances its market research capabilities with insights from TipRanks, which is lacking at Xtrade. With these advantages, eToro earns a higher research rating of 4.5 stars and ranks 13th out of 63 brokers on ForexBrokers.com, while Xtrade garners a 3.5-star rating and ranks 52nd, reflecting the broader scope of research tools and resources available at 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 comparing the educational resources available for beginners at eToro and Xtrade, eToro comes out ahead thanks to its comprehensive offerings. Both platforms provide a suitable range of over 10 educational pieces focused on forex and CFDs, including articles, videos, and archived webinars. However, eToro takes a significant lead by offering regular monthly live webinars and a searchable archive of these sessions for continual learning opportunities. In addition, eToro provides a more extensive library of beginner and advanced educational videos, making it easier for both novice and experienced traders to enhance their knowledge. In contrast, Xtrade does not offer the same level of accessibility or variety, lacking monthly webinars and hosting fewer educational videos overall.
Moreover, both brokers feature an investor dictionary with definitions for over 50 investing terms, ensuring that users understand financial jargon. When it comes to user ratings, eToro earns a commendable 4.5 stars for its educational offerings, while Xtrade comes in lower at 3.5 stars. According to a ranking by ForexBrokers.com, eToro ranks impressively at #5 out of 63 brokers in the Education category, whereas Xtrade stands at #46. For those prioritizing educational resources when choosing an online broker, eToro clearly provides a richer and more interactive learning experience compared to Xtrade.
| 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 63 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 #60.
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 | 96 | 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 | 96 | 74 | |
| Winner | check_circle | ||
| Review | eToro Review | Xtrade Review |
| Broker Screenshots | eToro | Xtrade | |
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| Regulation | eToro | Xtrade | |
|---|---|---|---|
| Trust Score | 96 | 74 | |
| Year Founded | 2007 | 2003 | |
| Publicly Traded (Listed) | Yes | 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 | 96 | 74 | |
| Winner | check_circle | ||
| Review | eToro Review | Xtrade Review |
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