eToro Vs. XM - Compare Trustworthiness, Capabilities, Fees and Legitimacy


Visit 74% of retail CFD accounts lose money.	Visit 74.89% of retail CFD accounts lose money.
Overview
eToro is an international broker specialised in social and copy trading that offers real stocks and cryptocurrencies along with CFDs on several asset classes.	XM is an international broker headquartered in Cyprus which offers MetaTrader 4 & 5 and over 1500 + tradable assets.
Best For
New traders looking to use the copy trading feature Experienced traders looking to monetise their skills by gaining followers Passive investors looking to buy and hold shares with no commissions	Experienced traders looking to trade shares in high volume using their Zero account MetaTrader users wishing to explore XM's offering while maintaining their preferred platforms
Licenses
Financial Licenses Regulation Regulated Top-tier Licenses 2 Other Licenses 2 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Regulated Top-tier Licenses 2 Other Licenses 1 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
CySec (Cyprus) FCA (UK) ASIC (Australia) FSAS (Seychelles)	ASIC (Australia) CySec (Cyprus) ADGM (United Arab Emirates)
The Good
Social and Copy trading capabilities Trading real shares and cryptocurrencies	Competitive commissions on their Zero account Modest asset offering of 1500+ tradable instruments (similar to competitors in the same range)
The Bad
Copy Trading statistics are not clear enough Lack of advanced order placement controls	No proprietary platforms or technology Expensive spreads and trading fees Lack of asset variety when compared to other brokers in the same range
Status
Operational	Operational
Recent News
No fresh news at the moment. Check again soon!	No fresh news at the moment. Check again soon!
Key Data
⌛ Account Opening Time
1 day	1 day
📋 Documents Required
Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.	Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.
📍 Year Founded
2007	2009
💳 Minimum Deposit Range
From $50 to $200	$5
💰 Payment Methods
Visa Mastercard Bank Transfer Sofort Neteller Paypal Skrill	Visa Mastercard Bank Transfer Neteller Skrill
💵 Account Base Currencies
1 - USD.	11 - USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR.
🗽 Available to U.S Citizens
Yes	No
❌ Restricted Countries
AF, AL, BS, BB, BY, BA, BW, BN, BI, KH, CA, TD, CD, CG, ET, FJ, GH, GN, GW, GY, IR, IQ, JM, JP, LA, LY, ML, MU, MN, ME, MM, NA, NI, KP, MK, PK, PW, WS, RS, SO, LK, SD, SY, TT, TN, TR, UG, VU, YE, ZM.	US, CA.
📊 STP Account
Yes	No
📊 DMA Account
Yes	No
📊 ECN Account
No	No
Banking License
No	No
Debit Card
No	No
Assets
📚 Assets Type
Hybrid	CFDs
Total Asset Offering
4,245	1,382
Exchange Access
0	0
📙 Real Stocks
2,000	0
📙 Stock CFDs
2,000	1,286
📘 Currency Pairs
0	0
📘 Currency Pair CFDs
47	57
📗 Commodities
0	0
📗 Commodities CFDs
14	15
📕 Indices
0	0
📕 Indices CFDs
13	14
📔 ETFs
0	0
📔 ETFs CFDs
145	0
💸 Cryptocurrencies
0	0
💸 Cryptocurrency CFDs
26	0
📒 Bonds
0	0
📒 Bonds CFDs
0	0
📓 Options
0	0
📓 Options CFDs
0	0
📗 Futures
0	0
📗 Futures CFDs
0	10
Trading Experience
📈 Minimum Stock Trade Size
$10	Variable - Fractions allowed
📉 Minimum ETFs Trade Size
$10	Unavailable
📈 Minimum Crypto Trade Size
$10	Unavailable
📉 Minimum FX Trade Size
$1,000 (0.01 Lots)	$100 (0.001 Lots)
📈 Minimum Commodities Trade Size
$1,000 (0.01 Lots)	Varies by Commodity (Eg: 0.01 Troy ounce of Gold)
📉 Minimum Bonds Trade Size
Unavailable	Unavailable
📈 Minimum Futures Trade Size
Unavailable	Varies by Commodity (Eg: 0.01 Troy ounce of Gold)
📉 Minimum Options Trade Size
Unavailable	Unavailable
💪 Retail Leverage
30	30
💪 Professional Leverage
Unavailable	500
✍ Customisable Leverage
Yes	Yes
🎲 Deleveraged Trading
Yes	No
🎓 Demo Account
Yes	Yes
📱 IOS App
Yes	No
📱 Android App
Yes	No
📺 MetaTrader 4
No	Yes
📺 MetaTrader 5
No	Yes
📺 cTrader
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
No	No
💻 Proprietary Platform
Yes	No
📊 Multi-chart Tools
Yes	Yes
👬 Copy Trading
Yes	Yes
👫 Social Trading
Yes	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
Yes	Yes
Fees
💰 Inactivity Fee
After 12 months of inactivity, a $10 monthly inactivity fee will be charged.	Yes, $15 one time payment after 1 year of inactivity and then $5 monthly.
💰 Deposit Fees
Conversion fees apply.	None
💰 Withdrawal Fees
$5 flat fee.	None
💰 Commissions
No commissions on real stocks and ETFs	Yes on Zero accounts ($7 per lot round turn).
Spreads
📈 EUR/USD
Dynamic - From 1 Pip	Dynamic - From 1.7 Pips
📉 SP500
Dynamic - From 75 Pips	Dynamic - From 40 Pips
📈 GOLD
Dynamic - From 45 Pips	Dynamic - From 35 Pips
📉 TSLA (Stock CFD)
Dynamic - From 0.09%	Dynamic - From $9.4
📈 XLK (ETF - CFD)
Dynamic - From 0.09%	Unavailable
📉 BTC
Fixed - 1%	Unavailable
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
Yes	Yes
📜 Integrated Newsfeed
Yes	No
📡 Reuters Feed
No	No
📡 Educational Content
Yes	Yes
📡 Live Chat Support
Yes	No
📡 Video Tutorials
Yes	No
📡 Account Management
No	Yes
📡 Webinars
No	Yes