Broker to Trading

eToro offers a user friendly trading platform which supports the trader who executes their own trades and the trader who wants to copy the traders of other trades. The platform contains social trading tools to inform the trader about the ideas and actions of other traders.

XM offers MetaTrader 4 (MT4) and it successor MetaTrader 5 (MT5). Both of these platforms may be used by traders execute their own trades, and XM offers a range tools to support these traders. However both platforms also allow the trader to use robots to trade on their behalf (and to build these robots).

As XM offers a Cent account it can let the trader trade with low minimum trade sizes. This account has a very low minimum trade size and has a low minimum deposit.

eToro offers real Stocks, Cryptos and ETFs to buy to own in additino to CFDs. eToro also offers a staking service (to earn rewards from Cryptos, T&Cs apply) and its eToro Money crypto wallet (where Cryptos can be exchanged). eToro also offers real Stocks to buy with 0% commission.

eToro is regulated by the FCA in the United Kingdom, the CySEC in Cyprus, the ASIC in Australia and the FSAS in the Seychelles. XM is regulated by the CySEC in Cyprus, the ASIC in Australia and the IFSC in Belize.

Quick comparison

eToro supports a range of trading styles including social and copy trading on its web trader and apps. XM offers MT4 and MT4 and a range of account types including a Cent account and allows the use of online trading robots.

Minimum deposit and account types

The minimum deposit for eToro is $50. The minimum deposit for XM is $5.

eToro is a Social Trading Platform and Network which supports trading, social trading as well as auto trading by copying other traders (or being copied) and provides products based on this network. eToro offers the eToro Club, which is a tiered program with additional features depending on account equity (which can include personalised service and event invitations), starting at $5000 (Silver) and going up to Diamond ($250,000). The minimum trade size is 0.01 lots.
XM CySEC regulated offers three account types, the Micro, Standard and XM Zero accounts, all with minimum deposits of $5. An Islamic account is available for each account type. The Micro and Standard accounts do not charge commissions, the XM Zero account does charge commissions. The Micro and Standard accounts differ in terms of order sizes available. The minimum trade size is 0.0001 lots.
XM ASIC regulated offers the XM Ultra Low account instead of the XM Zero account. XM IFSC regulated offers the Micro, Standard and Ultra Low accounts and a Shares account (with real Shares to own). The minimum deposit for the Ultra Low account is $50. The minimum deposit for the Shares account is $10,000.
XM offers an economic calendar, a personal account manager, video tutorials, daily technical analysis, Forex market research and daily Forex signals, trading tools, market outlook and webinars. XM allows EAs, hedging and scalping.

Markets

• eToro offers Forex, Indices, Energy, Stocks, Metals, Cryptocurrencies, Soft Commodities, ETFs and Bonds, with 2000+ available.
• XM offers Forex, Indices, Energy, Stocks, Metals, Cryptocurrencies and Soft Commodities, with 1000+ available.

Cryptocurrencies

• eToro offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Aave, Cardano, Algorand, Avalanche, Axie Infinity, Basic Attention Token, Compound, Enjin, Fetch.ai, The Graph, Chainlink, Solana, Storj, Sushi, Stellar, Ox, BNB, LUNA, Dogecoin, Polkadot, Shiba, Polygon, Cronos, TRON, Cosmos, Uniswap, ApeCoin, Ethereum Classic, Hedera Hashgraph, Filecoin, Decentraland, The Sandbox, Theta, Fantom, Tezos, EOS, Zcash, IOTA, Maker, NEO, Quant, Chiliz, Gala, Curve, Loopring, Curve, Dash, Kyber Network, Synthetix, Yearn.finance, Ankr, Bancor, 1inch, Ethereum Name Service, REN, dYdX and Balancer (the trader owns the cryptocurrency when buying them at FCA and CySEC regulated eToro). There is a flat 1% fee for all Cryptos, on top of the Bid/Ask spread. eToro additionally offers a Wallet which supports 120+ Cryptocurrencies and allows the trader to move unleveraged long positions in real Cryptocurrencies to the Wallet from the platform.
• XM provides Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Aave, Cardano, Algorand, Avalanche, Axie Infinity, Basic Attention Token, Compound, Enjin, Fetch.ai, The Graph, Chainlink, Solana, Storj, Sushi, Stellar, Ox OmiseGO and SKALE CFDs.

Spreads and leverage

eToro can provides Forex spreads from 1 (variable) without a commission charge. XM can offer Forex spreads from 1 (variable) on its Standard account, 0.6 (variable) on its Ultra Low account without a commission charge and from 0 plus a commission charge on its XM Zero account.

Maximum leverage for eToro is . Maximum leverage for XM (CySEC regulated) is .

Commissions

XM charges commission of $3.5 per lot per side on its XM Zero account, for Forex and Precious Metals.

Online trading platforms

eToro offers a web trader, and apps on tablet and mobile. XM also provides MT4 and MT5 (available on desktop, tablet and mobile).

Why eToro or XM ?

Traders who want to trade on MetaTrader 4 (MT4) and its successor MetaTrader 5 (MT5) can find these platform at XM. Traders who want to trade on a user friendly web trader with social and copy trading may also do so at eToro. Traders who want to trade real Cryptos and use a staking service may do so at eToro. Traders who want a broker with both a low minimum deposit ($5) and a low minimum trade size, can find a Micro (cent) account at XM.

Comparison summary

• Both brokers offer CFD trading
• XM Global and eToro (subject to regulation) provide real Stocks to own
• eToro additionally offers real ETFs and Cryptocurrencies to own (subject to regulation)
• eToro offers a user friendly web trader (and apps)
• XM provides MT4 and MT4 (desktop, web trader and apps)
• eToro offers social and copy trading on its platform
• XM supports automated trading with robots (EAs)
• eToro offers a staking service for Cryptos and a Crypto wallet
• XM provides a Cent account and has a very low minimum deposit ($5)