eToro vs XTB Comparison – 2024

Top Reasons to Choose eToro or XTB

Based on our comparative analyses, I have listed below the top reasons why I think eToro is ideal for beginner traders interested in social and copy trading and experienced traders interested in earning revenue from copy subscribers, and XTB is perfect for intermediate CFD traders. Both brokers offer similar products and services for stock investing, suitable for all investors:

eToro: Snapshot

Established in 2007, eToro is headquartered in Israel and is regulated by four Tier-1 financial authorities. The broker revolutionized the social and copy-trading industry with its innovative proprietary trading platform by offering copy trading at the click of a button, ready-made investment portfolios, and zero commission trading on over 5,800 instruments.

eToro: Who is it For?

eToro is ideal for beginner traders seeking to capitalize on the benefits of copying the trades of other successful traders and experienced traders seeking to earn additional revenue from copy subscribers. The broker is also suitable for all levels of stock investors with zero-commission investing and ready-made investment portfolios.

What Makes eToro Stand Out?

eToro stands out as a pioneer in the copy trading industry. Users can view the performance of other traders and have the same trades copied directly onto their own at the click of a button across all the asset classes. eToro also provides ready-made stock investment portfolios called Smart Portfolios covering global themes.

XTB: Snapshot

Founded in 2002, XTB is headquartered in Poland, authorized by two Tier-1 regulators, and is a publicly-traded company listed on the Warsaw Stock Exchange. The broker offers comprehensive in-house research from its dedicated team of analysts, zero commission trading on over 2,100 CFD instruments, and over 3,000 real shares through its proprietary, feature-rich web platform and mobile app.

XTB: Who is it For?

XTB is ideal for intermediate CFD traders seeking a professional-grade trading platform, competitive spreads, and leading market research from a dedicated team. The broker also suits all stock investors with a zero-commission investing account and features to build a customized investment plan.

What Makes XTB Stand Out?

XTB stands out by offering a feature-rich, proprietary trading platform for zero-commission CFD trading on forex, stocks, indices, commodities, and cryptocurrencies. It also offers low-cost investing solutions and tools to build your own investment plan from a dedicated mobile app.

Trust

eToro vs XTB Trust and Regulation Comparison

eToro was established in 2007. It has four entities regulated by four Tier-1 regulators, including the FCA (UK), CySEC (Cyprus), ASIC (Australia), FINRA (USA), and one entity regulated by a Tier-3 regulator, the FSA (Seychelles). Tier-1 authorities offer the highest level of investor protection and transparency regarding trading terms and fees.

Established in 2002, XTB is listed on the Warsaw Stock Exchange and operates through five entities. Two of these are regulated by Tier-1 authorities, the FCA (UK) and CySEC (Cyprus). The other two are supervised by Tier-2 regulators, the CNMV (Spain) and KNF (Poland). These entities provide a high level of transparency regarding trading fees and terms. The fifth entity, based offshore, is regulated by a Tier-3 authority, the IFSC (Belize).

Fees

eToro vs XTB Spreads, Fees and Commissions Comparison

In our live fee test using the eToro commission-free CFD account, we observed that the spread for EUR/USD averaged 1.0 pips during the London open and 0.9 pips during the US open, generally beating the industry average of 1.0 pips. There is a monthly inactivity fee of $10 after 12 months of no activity and a $5 withdrawal fee, but no fees for deposits.

Using the XTB commission-free Standard CFD account, we found that the spread for EUR/USD averaged 0.9 pips during the London open and 0.8 pips during the US open, beating the industry average of 1.0 pips. A monthly inactivity fee of $10 applies after 12 months of no activity, but most deposit and withdrawal methods are fee-free.

Platforms and Tools

eToro vs XTB Trading Platforms Comparison

eToro provides a proprietary web platform and mobile app. The web platform features a straightforward, easy-to-use interface. TradingView powers eToro’s charts with 105 technical indicators, 55+ drawing tools, 9 timeframes, and 9 chart types. However, customization options are limited, making the platform more suitable for beginners. Markets are easily accessible through the search box, as are the CopyTrader and Smart Portfolio tools. The mobile app offers the same features as the web platform, including the copy trading feature.

The xStation 5 platform, developed by XTB, is available on web, desktop, and mobile devices. It incorporates 47 technical indicators, 20 drawing tools, 9 timeframes, and 5 chart types. With a fully customizable layout and features like price alerts and one-click trading, the xStation 5 platform is ideal for intermediate and advanced traders. While the xStation mobile app provides built-in market commentary, an economic calendar, and one-click trading options, it lacks price alerts.

Tradable Instruments

eToro vs XTB Instruments Selection Comparison

eToro offers over 5,800 CFDs and real shares from all over the world. This includes 4,902 stocks, 670 ETFs, 170 cryptocurrencies, 55 currency pairs, 35 commodities and 21 indices. This diverse range of instruments caters well to traders of all levels, from beginners to intermediates and advanced.

XTB offers over 1,800 global share CFDs, 100 ETFs, 27 indices, 23 commodities, and 54 currency pair CFDs. There are also 3,000 real shares from 16 global stock exchanges. This range of markets is suited to all levels of traders and investors.

If you’re interested in exploring more options, be sure to check out our articles on the best crypto trading brokers and the best brokers for share CFD trading.

Customer Support

eToro vs XTB Customer Support Comparison

eToro provides customer support through a ticketing system, which may take up to 2 business days for a response. Active traders with a minimum of $5,000 in their accounts have access to live chat and phone support. During our live test, we received a comprehensive and detailed reply within two days after submitting a ticket.

XTB offers 24/5 support in multiple languages via live chat, phone, and email. Our evaluation found the customer support agents to be knowledgeable. The fastest response was observed over the phone, while live chat experienced longer waiting times.

Research

eToro vs XTB Research Tools Comparison

eToro offers a wide array of in-house and third-party research materials. This includes a news and analysis section, an earnings calendar, a news screener, and video market updates on the broker’s YouTube channel. The content is generally more suited to beginner traders. On the eToro platform, each stock features an analysis, news, and stats tab with research provided by TipRanks, offering analyst price forecasts and targets suitable for stock traders of all levels.

XTB provides extensive market research developed by its in-house team, accessible on its website and the xStation platform. This research includes breaking news, fundamental and technical analyses, as well as weekly, daily, and macro outlooks. The XTB platform also offers additional research tools like sentiment analysis, lists of leading gainers and losers, stock and ETF scanners, and real-time heat maps. These features cater to traders of all levels seeking a fundamental advantage in the market.

Deposits & Withdrawals

eToro vs XTB Deposit and Withdrawal Methods Comparison

eToro offers deposits and withdrawals through bank wire, credit/debit card, PayPal, Neteller, Skrill, Rapid Transfer, iDeal, Klarna, Trustly, Przelewy24, and the eToro Money Wallet. All payment transactions are instant, apart from bank transfers which may take 4 to 7 business days. While deposits are free of charge, withdrawals incur a $5 fee.

XTB offers fee-free deposits via bank wire transfers, Visa, Mastercard, and Maestro. However, a 2% deposit fee applies when using Skrill. Deposits are processed instantly, except for bank wire transfers, which may take up to one business day. Withdrawals are limited to bank wire transfers and are free for amounts over $100; a $20 withdrawal fee is charged for smaller amounts.

Account Types and Terms

eToro vs XTB Account Types Comparison

Our test showed that eToro offers a range of trading and investing accounts. These include a CFD trading account for personal and copy trading, as well as an investing account for real shares and its ready-made Smart Portfolios. The CFD trading account offers up to 1:30 leverage and multiple membership tiers. The larger the account size, the more products, services, and discounts are available, offering features for all types of traders and investors.

XTB offers two account types. A Standard CFD Account can be customized for various trading preferences, including Demo, Live, Professional, Islamic, or Corporate traders. Most CFD accounts offer leverage of up to 1:30, with the Professional Account offering the highest of up to 1:100. The STC & ETFs account, aimed at investing in real shares and ETFs, requires no minimum deposit.

Education

eToro vs XTB Educational Content Comparison

eToro offers educational materials tailored toward beginner traders. The eToro Academy features 21 trading courses, including written articles and videos on general investing topics. The Digital & Invest podcast delves deeper into various trading and investing subjects. Additionally, there is an extensive range of step-by-step tutorials and guides for using the eToro platform and services.

XTB’s educational content caters to intermediate traders. A range of text-based articles cover topics spanning forex, commodities, indices, stocks, technical analysis, CFDs, and platform guides. Live account holders also have access to multiple eBooks. The broker’s YouTube channel provides video content, including concise tutorials on a range of subjects, each lasting between 1 to 4 minutes.

Our Methodology

Since 2011, FX Empire has developed a detailed methodology for evaluating CFD brokers, involving over 250 variables across nine crucial categories. Our team of experts, with deep industry knowledge, conducts live testing and research by interacting with the brokers directly. We check regulations, open accounts, test spreads, account costs, platform functionality, instrument variety, customer support reliability, and the quality of research and educational content. This granular analysis helps us identify each broker’s strengths and weaknesses, keeping our comparisons current with market trends and ensuring our guides meet traders’ needs.

We strive to evaluate each broker objectively, considering how their offerings align with the diverse trading goals and preferences of our readers. Our focus is on providing a balanced overview of each broker’s strengths and weaknesses. This method ensures that our readers receive clear, insightful comparisons to aid in making well-informed trading decisions.

We employ a comprehensive rating system across nine key categories:

• Trust
• Fees
• Platforms and Tools
• Tradable Instruments
• Customer Support
• Research
• Deposits and Withdrawals
• Account Types and Terms
• Education

In each category, we conduct an in-depth analysis for both brokers, outlining features, advantages, and disadvantages and determining their suitability for different trader profiles. By blending insights from our extensive reviews with first-hand experiences and observations, we ensure each comparison is balanced, informative, and tailored to the trader’s unique needs. You can read more about our review process here.

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