eToro
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78% of retail CFD accounts lose money.

Vs.

XM
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74.89% of retail CFD accounts lose money.

eToro Vs. XM - Compare and Choose the Right One

Updated Sep 02 2022

Visit

78% 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 minimum (may take longer) 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
From $5 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
Only for crypto Trading 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
No No
📊 ECN Account
Yes No
Assets
📚 Available Assets
  • Real stocks and ETFs
  • CFDs on stocks, ETFs, currencies, commodities, cryptocurrencies and indices

CFDs on stocks, commodities, currencies and indices.

📙 Stocks
2,000+ Real Stocks / 2,000+ CFDs 1286
📘 Currency Pairs
47 57
📗 Commodities
14 15
📕 Indices
13 14
📔 ETFs
145 N/A
💸 Cryptocurrencies
26 N/A
📒 Bonds
N/A N/A
📓 Options
N/A N/A
📗 Futures
N/A 10
📝 Notes:

Real stocks are offered without leverage, all the rest of the assets are CFDs.

All of XM's assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
$50 Fractional Share trading - Varies per stock (Eg: 0.1/16 of ADBE shares)
📉 Minimum ETFs Trade Size
$50 N/A
📈 Minimum Crypto Trade Size
$25 N/A
📉 Minimum FX Trade Size
$1,000 $100 (0.001 Lots)
📈 Minimum Commodities Trade Size
$1,000 Varies by Commodity (Eg: 0.01 Troy ounce of Gold)
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A All of XM's futures are commodities, same rules apply.
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Varies N/A
✍ Customisable Leverage
No 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
💻 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
No No
💰 Withdrawal Fees
$5 No
💰 Commissions
No

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% N/A
📉 BTC
Dynamic - From 0.75% N/A
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
No No