Compare eToro vs XM

Compare eToro vs XM

eToro vs XM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200Web Trader & Apps1000+FCA, CySEC, ASIC
$5MT4, MT51000+CySEC, ASIC, IFSC

eToro and XM Comparison

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 is regulated by the FCA in the United Kingdom, the CySEC in Cyprus and the ASIC in Australia. 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 $200. The minimum deposit for XM is $5, but for ECN trading it is $100.

  • 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, a Micro and a Standard account, both with minimum deposits of $5 and the XM Zero account, with a minimum deposit of $100. 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.
  • 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 1000+ available.
  • XM offers Forex, Indices, Energy, Stocks, Metals, Cryptocurrencies and Soft Commodities, with 1000+ available on MT5. XM's MT4 does not offer Stocks or Cryptocurrency CFDs.

Cryptocurrencies

  • eToro provides Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Dash, NEO, IOTA, EOS, Cardano, Stellar, Ethereum Classic, TRON, Zcash and Binance Coin.
  • XM provides Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple CFDs.

Spreads and leverage

eToro can provides Forex spreads from 3 (typical) 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 ?

eToro offers a user friendly online trading platform, which supports social and copy trading. XM has a very low minimum deposit and allows very small trade sizes (thus letting a trader trade with a small account size if they wish). XM additionally lets the trader use online trading robots (Expert Advisors) on MetaTrader 4 and MetaTrader 5. Both brokers have a similar number of markets to trade. eToro FCA and CysEC regulated offers real Stocks to own, as does XM Global. eToro FCA and CySEC regulated additionally provides real Cryptocurrencies to own. Thus social and copy traders can consider eToro and its user friendly platform, while automated traders may consider XM, as it offers MT4 and MT5 and allows the use of Expert Advisors (EAs) trading robots.

Comparison summary

  • Both brokers offer CFD trading
  • XM Global and eToro FCA and CySEC regulated provide real Stocks to own
  • eToro FCA and CySEC regulated additionally offer real Cryptocurrencies to own
  • Both have a similar number of market to trade (1000+)
  • 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)
  • XM provides a Cent account and has a very low minimum depsosit

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