We compared eToro to XTB in 2023 based on the areas that matter the most when trading including spreads, trading platform, and features. By opening accounts, testing trading platforms, and measuring fees we have created the XTB vs eToro table below.
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We found eToro to be the superior broker for social trading (and copy trading). XTB, on the other hand, is the winner for conventional trading or using automation such as bot or algorithmic trading. Below is a breakdown of the brokers by attributes so you can work out which broker is right for you.
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ECN Broker Spreads
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|---|---|---|---|---|---|
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0.06 | 0.23 | 0.20 | 0.42 | 0.27 |
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0.10 | 0.20 | 0.30 | 0.30 | 0.20 |
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0.12 | 0.47 | 0.50 | 0.40 | 0.22 |
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0.30 | 0.50 | 0.60 | 0.50 | 0.50 |
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0.30 | 0.30 | N/A | 0.50 | 0.40 |
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0.44 | 0.20 | 0.83 | 0.40 | 0.42 |
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0.17 | 0.24 | N/A | 0.54 | 0.30 |
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0.20 | 0.30 | 0.70 | 0.50 | 0.40 |
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n/a | n/a | 0.30 | 0.60 | 0.50 |
Avg. spreads are taken from each broker's website and updated monthly. Last update on 01/09/2023
At CompareForexBrokers, we believe that trading costs and fees alone shouldn’t determine your choice of broker. That said, we understand that and want to ensure you’re getting the best value for money.
| eToro | XTB | |
|---|---|---|
| Average Spread | 4.2 pips | 1.6 pips |
| Commission | None | None |
| Inactivity Fees | Yes. USD 10 per month after 12 months. |
Yes. EUR 10 per month after 12 months. |
| Minimum Deposit | Yes. USD 50 minimum deposit. |
No. XTB does not require a minimum deposit. |
| Withdrawal Fees | Yes. USD 5 per withdrawal. |
No. |
Looking at the average standard account spreads for the forex pairs, we can see some interesting patterns. For eToro, the spreads range from 1.0 to 2.0 across all forex pairs. XTB, on the other hand, has a slightly wider range, with spreads from 1.3 to 1.8.
Comparing these two brokers, it’s clear that eToro has a more consistent spread across all forex pairs, which can be beneficial for traders who value predictability. However, XTB’s spreads, while slightly more varied, are competitive and in some cases lower than eToro’s.
| Forex Pair | eToro | XTB | Industry Average |
|---|---|---|---|
| EUR/USD | 1.0 | 1.0 | 1.35 |
| USD/JPY | 1.0 | 1.4 | 1.54 |
| GBP/USD | 2.0 | 1.4 | 1.68 |
| AUD/USD | 1.0 | 1.3 | 1.63 |
| USD/CAD | 1.5 | 1.8 | 1.93 |
| EUR/GBP | 1.5 | 1.4 | 1.69 |
| EUR/JPY | 2.0 | 1.4 | 2.04 |
| AUD/JPY | 2.0 | 1.7 | 2.31 |
Standard Account Analysis Updated September 2023[1]September 2023 Published And Tested Data
When we bring the industry average into the picture, things get even more interesting. The industry average spreads range from 1.35 to 2.31. This means that both eToro and XTB offer spreads that are below the industry average for some forex pairs, making them attractive options for cost-conscious traders.
In my opinion, while both brokers offer competitive spreads, XTB seems to have a slight edge in terms of offering lower spreads for certain forex pairs. However, the consistency of eToro’s spreads should not be overlooked, as it can provide a more stable trading environment. As always, it’s important to consider your individual trading needs and strategies when choosing a broker.
We like that XTB doesn’t require a minimum deposit or charge a withdrawal fee. The low average spread also makes this our top choice, especially compared to the 4.2 pips eToro average. (Ouch!). If you want a lower spread standard account then consider IC Markets. Ross Collins, Our Chief Technology researcher at CompareForexBrokers tested the average spreads for a standard account using 20 brokers (with MT4) and found most were superior to eToro and XTB.
| e-Toro | XTB | |
|---|---|---|
| Metatrader 4 | No | Yes |
| Metatrader 5 | No | No |
| cTrader | No | No |
| TradingView | No | No |
| Desktop | Yes | Yes |
| Web app | Yes | Yes |
| Mobile app | Yes | xStation Mobile |
| Other Platforms | eToro Platform | xStation |
Call us picky, but we like options when it comes to our trading platforms. Granted, neither XTB nor eToro explicitly caters to forex traders, but our team found ourselves wishing for even a basic, white-label version of MetaTrader 4 (MT4) when trading on eToro. XTB also pushes customers towards its proprietary trading platforms, but we appreciated that the broker also offered access to MT4.
If you’re a casual trader looking for straightforward social and copy trading support, on the other hand, eToro tops the class. Ultimately it comes down to which is the right platform for you. We gave XTB a score of 35/100 while eToro got a score of 30/100, the main factor holding the brokers back is the lack of platform choices.
Our comparison found both eToro and XTB had standard and swap-free accounts that were ideal for beginner traders. The good news? Neither broker charges commissions. The less-than-good news? We found that both brokers set their minimum spreads higher than other comparable brokers.
Our Chief Technology Researcher at CompareForexBrokers, Ross Collins, tested 20 brokers to find out which brokers have the best spreads for a standard account. We found that for no commission spreads, IC Markets had the lowest spreads average spread of 1.03 pips, this was aggregated using 6 major currency pairs over a 24-hour period.
| eToro | XTB | |
|---|---|---|
| Market Maker | Yes. eToro acts as a market maker. |
No |
| Dealing Desk | No. | No. |
| Execution Type | ECN | STP |
| Demo Account | Yes. The e-Toro demo accounts includes $100K of virtual funds and does not expire. |
Yes. The XTB demo account includes four weeks of risk-free trading with $100K virtual funds. |
| Standard Account | Yes. Standard Account minimum variable spread: 1.0 pip. |
Yes. Standard Account minimum variable spread: 0.5 pips. |
| No Commission Account | Yes. | Yes. |
| Fixed Spread Account | No. | No. |
| Swap-Free Account | Yes. | Yes. |
| # of Base Currencies | 1 USD | 5 USD, EUR, GBP, PLN, HUF |
| Maximum Leverage | 1:500 | 1:500 |
While we appreciate that both of these top forex brokers try to strike a balance between simplicity and savings, we prefer XTB for its lower overall trading costs.
Our tests revealed a standard average spread of 1.6 pips and a RAW spread of 1.02 pips for XTB. Compare that to our findings for eToro: a whopping 4.2 pips for the standard average spread and 1.0 pips RAW. We also don’t love that eToro’s minimum spreads start at 1.0 pips – well over the typical industry average.
When it comes to trading costs, XTB wins easily with a score of 35. While this is a poor score (you can find other brokers with lower costs such as Fusion Markets, CMC Markets) it is still superior to the score we gave eToro, being 26 out of 100.
When it comes to trading instruments, both XTB and eToro offer customers a comprehensive selection of products and markets from which to choose.
| eToro | XTB | |
|---|---|---|
| Forex trading | 49 currency pairs | 48 currency pairs |
| Cryptocurrency trading | 79 cryptos 14 crosses |
10 cryptos |
| Share CFD trading | Yes | Yes |
| Commodities CFD trading | 26 | 23 |
| ETF CFD Trading | 300 | 155 |
| Indices CFD trading | 20 | 30 |
| Bonds/Treasuries CFD trading | No | 3 |
| Real Stocks | 17 | 17 |
It should be noted that eToro also has investment options such as buying shares. Investors rather than traders may want to review eToro’s share offering as this comparison focuses on trading rather than for investors.
Both eToro and XTB have something for everyone, but eToro consistently outperformed XTB in terms of the breadth of markets available. Our crypto enthusiasts especially preferred the Israeli broker for its 79 pairs and 14 crosses, but our trading team also appreciated the extensive range of ETF CFDs available. Just note neither broker can offer cryptocurrency trading for retail traders in the UK due to FCA rules. We gave eToro a score of 60, which is slightly better than XTB’s with 57.
After your trading platform, we believe a comparison you should pay the most attention to is the trading tools a broker offers. If you have a specific strategy in mind or prefer a specific style, it’s important to choose an online broker with the appropriate resources.
| eToro | XTB | |
|---|---|---|
| Social trading | Yes. e-Toro supports social trading |
No. XTB does not support social trading |
| Copy trading | Yes. e-Toro supports copy trading |
No. XTB does not support copy trading |
| Automated trading | No | No |
| Scalping | No | No |
| Technical indicators | 66 | 34 |
| Drawing tools | 13 | 29 |
| Take-profit orders | Yes | Yes |
| Stop-loss orders | Yes | Yes |
| Trailing Stop orders | Yes | Yes |
Both XTB and eToro stand out for the variety of order types. However, we found eToro the most comprehensive in terms of trading tools. eToro stood out for its easy-to-use social and copy trading tools even though we would’ve liked the opportunity to automate our trading. The SmartPortfolio option had even our die-hard technical traders intrigued.
Trading via an online broker carries two types of risk. Putting your money in the market can lead to big wins if you predict movements correctly – but equally significant losses when you don’t. That’s normal and an inevitable possibility when trading CFDs, stocks or forex.
Fortunately, you can virtually eliminate the other major risk by trading with a broker licensed by a Tier 1 regulator such as the UK’s Financial Conduct Authority or the Commodities Futures Trading Commission and National Futures Association in the US. These government-run oversight agencies place strict requirements on brokers and other financial service providers designed to protect customer funds and prevent fraud.
| eToro | XTB | |
|---|---|---|
| Tier 1 regulators* | ASIC, FCA | FCA, CNMV, BaFin |
| Tier 2 regulators | CySEC; MFSA | KNF; DFSA |
| Tier 3 regulators | FSA Seychelles, GFSC Gilbralatar |
IFSC |
| Negative Balance Protection | Yes | Yes |
| Trust Score | 63 | 74 |
* We explain who these regulators are in our Forex Broker Trust and Reputation section.
Our comparison tried to focus on the best of the best when it came to regulation. To us, that means brokers with at least one (preferably multiple) Tier-1 regulation or even better, one regulated in your jurisdiction. Other factors we looked at for ‘trust’ included the age of the broker (eToro was founded in 2009 and XTB in 2002) and if they have ever been in trouble with their regulator (XTB was once hit was a 2.7M fine for regulatory breaches). XTB achieved a score of 73 while eToro scored 64.
| eToro | XTB | |
|---|---|---|
| Application required? | Yes. | Yes. |
| Approval time? | 24 hours | 24 hours |
| Funding Methods | Bank transfer Cerdit Card Debit Card Paypal E-wallet |
Bank transfer Cerdit Card Debit Card E-wallet |
| Customer Support | Web-based 21 languages No phone support Limited service hours |
Live chat 25+ languages Phone support Europe: 24/7 Worldwide: 24/5 |
In both cases, we were able to open an account with minimal fuss. We give XTB a slight edge as our attempts to reach customer support with questions yielded much faster responses than with eToro. We also succeeded in communicating with XTB in French and Italian as well as English, whereas eToro reps seemed to struggle with other languages. eToro also doesn’t have live chat so you will need to patiently wait for email replies as opposed to live chat. We gave eToro a score of 58 for trading experience which is slightly lower than XTB with 68.
Best known for its social trading and copy trading tools, this online broker also stands out for its popularity in cryptocurrency trading.
Headquarters: Tel Aviv, Israel
Global Offices: eToro USA LLC in the United States; eToro (UK) Ltd. in the UK; eToro (Europe) Ltd. in Cyprus; eToro AUS Capital Ltd. in Sydney.
Year founded: 2007
Number of users: 25 million
Countries served: 140
With a founders list that includes Apple’s Steve Jobs and Steve Wozniak, it’s no wonder XTB enjoys name-brand recognition with experienced forex traders around the world.
Headquarters: Warsaw, Poland
Global Offices: Over 13 countries, including the UK, China, Spain, France and Italy.
Year founded: 2002
Number of users: 657,000
eToro gets a lot of positive press for its easy-to-use interface and game-ified features, but we actually prefer XTB for beginner traders. eToro makes it easy to put money in the markets with minimal time investment and know-how, but that’s not quite the same as simplifying the learning process for someone interested in actually trading.
XTB offers a full suite of technical analysis tools via its proprietary platform, along with great customer service and an extensive library of educational materials. The broker goes out of its way to make sure new traders have resources to hone their skills and provides ample support in case things go wrong.
Again, we have to give this one to XTB. Yes, we know we just said it’s great for beginners, but that’s the beauty of having 20 years of experience in the online trading space. XTB knows when to keep the training wheels on – and when to take them off. Experienced forex traders will also appreciate the option to trade using MetaTrader 4.
eToro offers customers a broader range of financial instruments and markets to trade, as well as more ways to trade them. It’s also an industry leader when it comes to crypto.
XTB is the overall winner as it has lower trading costs, better trust and a great range of trading platform options. That said, eToro is superior for copy traders (and social trading) with a platform built around this type of trading and a large community. The majority of traders should choose XTB with a score of 471 vs 431 for eToro. But again, if you’re looking primarily to copy trade then eToro is a superior choice despite the fees.
No commission account spread propiety testing data and published wesbite spread information, centralised on our standard account spread page..
