eToro vs XM

If you are reading this article, you’re likely having trouble deciding whether eToro or XM is the better Forex trading platform for you. While both platforms generally provide positive user experiences, there are some essential differences to note.

In this eToro vs XM review, we outline the highlights of each trading platform to help you make a more informed decision. We evaluate:

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• eToro vs XM - Verdict

Feature	eToro (visit site)	XM (visit site)
Headquarter:	Cyprus	Cyprus
Regulation :	CySEC, FCA, ASIC	CySEC, FCA, BaFin, ASIC, CONSOB, PSZAF, ACPR, CNMV, AFM, DFSA
Type of Broker:	Market Maker	Market Maker
U.S. Clients Allowed:
Minimum Deposit:	$50	$5
Maximum Leverage:	1:30	1:888
Commissions / Spreads:	Spreads	Low Spreads
Account 1:	CFD	Micro
Account 2:	Professional	Standard
Account 3:
Account 4:
Demo Account:
Islamic Account:
Segregated Account:
Managed Accounts:
Institutional Accounts:
Website Languages:	English Chinese Other	English Chinese Other
Support Hours:	24/5	24/7
E-mail Support:
SMS Support:
Chat:
Broker Offers:	See what eToro offers*74.00% of retail CFD accounts lose money	See what XM offers.

Features and Platforms

Social trading broker eToro is home to 13,000,000+ traders, making it one of the Top 5 trading communities based on size. Millennial traders prefer the commission-free trading environment, CopyTrader and CopyPortfolios, while ignoring the high actual trading costs. eToro does not support automated trading or advanced trading solutions. XM serves more than 3,500,000 clients and provides them with a competitive trading environment via upgraded MT4/MT trading platforms. A trader-friendly cost structure, excellent research and education, and a generous bonus program result in one of the most competitive multi-asset CFD brokers today.

Available Markets

Forex traders at eToro have 49 currency pairs but 93 cryptocurrency pairs. The former ranks eToro towards the bottom, while the latter places it near the top. XM provides clients with 57 currency pairs but no cryptocurrency pairs. The 31 commodities and 13 index CFDs at eToro compare to 15 and 28, respectively, at XM. eToro offers more than 2,000 equity CFDs versus 1,243 at XM. eToro maintains a larger asset selection, but XM has an edge in Forex and index CFDs, making it a better choice for traders with a preference in those sectors. eToro shines in cryptocurrencies.

Typical Spreads and Fees

eToro deploys an above-average cost structure to compensate for its commission-free Forex trading environment. The minimum spread for currency pairs is 1.0 pips. While it advertises commission-free equity trading, it only applies to unleveraged buy orders. Otherwise, a 0.09% fee applies. XM features a minimum mark-up of 0.6 pips and a cost between $1.00 and $9.00 for equity trades. Swap rates on leveraged overnight positions apply at both brokers, and both brokers pass corporate actions on to clients. eToro also maintains a $5 internal withdrawal fee plus third-party costs. XM lists a $5 inactivity cost.