eToro
XM
Our Rating
43
55
68% of retail investor accounts lose money when trading CFDs with this provider.
73.57% of retail investor accounts lose money when trading CFDs with this provider.

Regulations and Licenses

Feature
eToro
XM
ASIC (Australia)
FCA (UK)
CYSEC (Cyprus)
DFSA (Dubai)
FSA (Seychelles)
IFSC (Belize)

Brokerage

Feature
eToro
XM
EUR/USD Avg. Raw Spread
-
0.10
GBP/USD Avg. Raw Spread
-
0.20
AUD/USD Avg. Raw Spread
-
0.40
EUR/USD Standard Spread
1.0
1.6
EUR/USD Fixed Spreads
-
-
GBP/USD Avg. Standard Spread
2.0
1.9
AUD/USD Avg. Standard Spread
1.0
1.6
Commissions (USD Base)
-
$3.50
Minimum Deposit
$200 (Australia), $50-$100 (EU)
$5-$100
Swap Free Account
No Inactivity Fees
Funding Methods
11+
13+
No Funding Fees

Markets and Instruments

Feature
eToro
XM
Currency Pairs
49+
57+
Cryptocurrency CFDs*
46+
-
Index CFDs
13+
18+ (Cash)
12+ (Futures)
Share CFDs
2000+
1,144+
Commodities CFD
33+
15+
Stockbroking
2000+
-
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
400:1
-
Retail Max. Leverage (United Kingdom)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (United Kingdom)
400:1
-
Retail Max. Leverage (Europe)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
400:1
-

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
eToro
XM
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

eToro
XM
Our Rating
430
550
 

How Do XM vs eToro Compare?

Our comprehensive comparison covers the 10 most crucial trading factors to help you make an informed decision.

  • XM offers a more flexible account structure with four different trading accounts.
  • eToro has wider spreads starting from 1 pip, while XM can go as low as 0 pips with its XM Zero Account.
  • XM’s lowest spreads are only available in the UK and Europe.
  • eToro imposes inactivity and withdrawal fees, negatively impacting its cost score.
  • XM has a minimum deposit of USD 5, while eToro requires at least USD 50.