eToro versus XTB

eToro, home to 25M+ traders and a leader in social trading, continues its expansion into the cryptocurrency sector following its announcement of an NFT fund. Traders get a balanced asset selection, while CopyTrader, CopyPortfolios, and in-house managed thematic investment portfolios remain at the core of its operations. Beginner traders get a quality educational service at the eToro Academy.

XTB, publicly listed in Poland, provides traders with a quality proprietary trading platform, a balanced choice of trading instruments, and competitive trading costs. Traders also get higher leverage, a volume-based rebate program rewards high-frequency traders, and the XTB Trading Academy offers beginners quality content, aiding its market expansion approaching 450,000 traders.

I have conducted an in-depth review of eToro and XTB to determine which one presents the better overall choice and which traders will benefit the most at either broker.

Features and Platforms

Features & PlatformseToro (visit site)XTB (visit site)
Headquarter:IsraelPoland
Established :
20072002
Retail Loss Rate:
Undisclosed73.00%
Regulation:
Minimum Deposit:
$10 - $10,000$0
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
$10 monthly after 12 months€10 monthly after 12 months
Deposit Fee:
Third-PartyThird-Party
Withdrawal Fee
Yes + Third-PartyThird-Party
Funding Methods:
105
MT4:
MT5:
cTrader:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:
Large trading communityHigh leverage
Unique Feature Two:
Copy-trading platformLow trading costs
Broker Offers:
*74% of retail CFD accounts lose money

Noteworthy:

Neither broker supports algorithmic trading solutions, but eToro is a social trading broker, placing it ahead of XTB, which maintains a better trading environment for scalpers and high-frequency traders.

Available Markets

Available MarketseToroXTB
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Indices:
Equities:
Bonds:
ETFs:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
1:301:500
Maximum Pro Leverage:
Undisclosed1:500

Both brokers feature 2,000+ CFDs and maintain a balanced asset selection, with most trading instruments covering global equities. eToro takes an overall lead due to 220+ETFs, in-house managed thematic portfolios, and its choice of cryptocurrencies. They include physical cryptocurrency trading and staking. Neither has a broad-based Forex selection, but sufficient for many traders.

Typical Spreads & FeeseToroXTB
Minimum Raw Spreads:
Not applicableNot applicable
Minimum Standard Spreads:
1.0 pips0.1 pips
Minimum Commission for Forex:
N/ACommission-free
Commission for Equity CFDs:
0.09%0.08% per lot
Cash Rebates:
Execution Type:
Market MakerNDD

XTB bests eToro with its pricing environment. The EUR/USD costs a minimum of $1.00 at XTB versus $10.00 at eToro. The difference in average costs is narrower but remains significant. Commissions on equity CFDs are also lower at XTB versus eToro, where the latter only offers commission-free trading on unleveraged equity buy orders.

Security and Trust

eToro

Country of the RegulatorName of the RegulatorLicense Number
US
N/AUndisclosed
Cyprus
Cyprus Securities Exchange Commission109/10
UK
Financial Conduct Authority583263
Australia
Australian Securities and Investments Commission491139
Seychelles
Financial Services AuthoritySD076

XTB

Country of the RegulatorName of the RegulatorLicense Number
Poland
Komisja Nadzoru Finansowego0000217580
Belize
International Financial Services Commission000302/185
UK
Financial Conduct Authority522157
Cyprus
Cyprus Securities and Exchange Commission169/12
Spain
Comisión Nacional del Mercado de Valores40
South Africa
Financial Sector Conduct Authority49970

eToro and XTB segregate client deposits from corporate funds and offer negative balance protection. Both maintain a secure trading environment. XTB is publicly listed in Poland while eToro plans a US listing.

eToro vs IQ Option – Verdict

eToro

ProsCons
Copy-trading with a community numbering almost 25 million tradersHigher minimum deposit requirement but within a reasonable range
User-friendly web-based trading platform and mobile appAbsence of MT4 and no algorithmic trading
Quality educational offering for beginner traders via videos
Balanced asset selection with a focus on equity CFDs and ETFs

XTB

ProsCons
Outstanding trading costs, ranking among the best Forex spreads industry-wideLimited deposit and withdrawal methods
Well-balanced asset selection with high leverageAbsence of MT4 and no algorithmic trading
Fast NDD order execution and deep liquidity
Quality training academy for beginner traders

eToro offers social traders a high-quality trading environment, where equity and cryptocurrency traders get an edge over XTB. Scalpers and high-frequency traders get a superior platform at XTB, driven by lower trading costs. Overall, eToro bests XTB amid a trading environment that appeals to a broader trader base.

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