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Head to head
eToro or XM? Fees, regulation, platform and product range compared side by side — with a verdict drawn from the data.
Risk warning: CFDs and leveraged products are complex instruments and come with a high risk of losing money rapidly. Investments can fall in value. Past performance is not an indicator of future results.
The most complete copy-trading product in Europe, wrapped in the simplest broker app - and paid for through conversion charges rather than commissions.
A teaching-first CFD broker with a USD 5 door and spreads that make you pay for the welcome.
Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.
Four decision axes, each derived from the recorded data.
Overall eToro takes it, 4.0 against 3.7 out of 5. eToro is the cheaper of the two: a reference EUR 5,000 stock order costs €0.92 there against €5.00. eToro scores 91 against 74 out of 100 on the group index. Your account's protection depends on its legal entity. eToro covers more ground with 8 of 14 asset classes against 7. On platform and app eToro is ahead, 4.2 against 3.7 out of 5. Which one is right depends on which of these axes matters for your trading profile.
eToroeToroeToroeToroeToroUp to four brokers at once — every row a decision point.
Data as of: 30 Aug 2026
| Criterion | ||
|---|---|---|
| Overall score | 4.0 — Better | 3.7 |
| Group index | 91 of 100 | 74 of 100 |
| Best for | Copy tradingCrypto plus stocks in one accountFirst-time investorsFractional investingMobile-first users | BeginnersMicro-lot position sizingMultilingual supportLearning by webinarVery small starting capital |
| Regulation | FCAASICMASSECCySECFSRAMFSAFSAS | ASICCySECDFSAFSCAFSC |
| Top-tier licences | 4 — Better | 1 |
| Investor protection | £85,000 — Better | €20,000 |
| Listed group | Yes | No |
| Banking licence | No | No |
| Segregated client accounts | Yes | Yes |
| Negative balance protection | Yes | Yes |
| Audited financials | Yes | Yes |
| Disclosed regulatory actions | 1 | None |
| Founded | 2007 | 2009 |
| Headquarters | Tel Aviv, IL | Limassol, CY |
| Fees | 3.4 | 3.4 |
| Safety & regulation | 4.6 — Better | 3.6 |
| Trading platform | 3.8 — Better | 3.6 |
| Product range | 4.2 — Better | 3.8 |
| Mobile app | 4.6 — Better | 3.7 |
| Research | 3.8 | 3.9 — Better |
| Customer support | 3.2 | 4.3 — Better |
| Deposit & withdrawal | 3.8 | 4.0 — Better |
| Account opening | 4.6 — Better | 4.0 |
| Education | 4.3 | 4.5 — Better |
| Reference order EUR 5,000 | €0.92 — Better | €5.00 |
| Minimum deposit | US$50 | US$5 — Better |
| Stocks (per order) | US$1 | in the spread |
| US stocks | US$1 | in the spread |
| ETFs | Free | Not offered |
| Options | Not offered | Not offered |
| Futures | Not offered | Not offered |
| Crypto | 1 % | in the spread |
| Bonds (order) | n/a | n/a |
| Funds (order) | n/a | n/a |
| EUR/USD spread | n/a | 1.6 pips |
| Index CFD spread | n/a | 0.5 points |
| FX conversion | 0.75 % | n/a |
| Inactivity fee | None — Better | US$5 · after 3 months |
| Custody fee | None | n/a |
| Withdrawal fee | US$5 | free — Better |
| Deposit fee | free | free |
| Overnight financing | n/a | n/a |
| Other fees |
|
|
| Asset classes (of 14) | 8 — Better | 7 |
| Exchanges | n/a | n/a |
| Stocks | Yes | Yes |
| ETFs | Yes | No |
| Options | No | No |
| Futures | No | No |
| Forex | Yes | Yes |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
| Bonds | No | No |
| Funds | No | No |
| Commodities | Yes | Yes |
| Indices | Yes | Yes |
| Warrants | No | No |
| Spread betting | No | No |
| Social trading | Yes | Yes |
| Platforms | eToro web platformeToro mobile appProCharts | MetaTrader 4MetaTrader 5XM WebTraderXM AppXM Copy Trading |
| Demo account | Yes | Yes |
| Fractional shares | Yes | No |
| Maximum leverage | 1:30 | 1:30 · Pro 1:500 |
| Account opening | Same day to about 3 business days; fully digital with automated ID and address verification | Online form in about 10 minutes; document verification usually clears in 1–3 business days, though some regions report up to a week |
| Account types | Retail accounteToro Club (Silver to Diamond)Professional clientIslamic account | MicroStandardXM Ultra LowZeroShares |
| Payment methods | Bank transferSEPACredit cardDebit cardPayPalSkrillNetellerSofortiDEAL | Credit cardDebit cardBank transferSEPASkrillNeteller |
| Account currencies | USDEURGBPDKK | USDEURGBPJPYCHFAUDHUFPLN |
| Deposit time | Instant for cards and e-wallets; 1-3 business days for bank transfer | Instant for cards and e-wallets; 2–5 business days for bank wire |
| Withdrawal time | Processed within about 1 business day; 2-8 business days to reach the account depending on method | Processed within 24 hours; 2–5 business days to reach a bank account |
| Free withdrawals | n/a | n/a |
| Languages | EnglishGermanFrenchSpanishItalianDutchPortuguesePolishArabicRussian+1 | EnglishGermanSpanishFrenchItalianPortugueseRussianArabicChineseJapanese+10 |
| Channels | Live chatTicket system | Live chatEmailPhone |
| Availability | Live chat during market hours, ticket system around the clock; priority routing depends on eToro Club tier | 24/7 live chat; phone cover on business days |
Editorial assessment based on the recorded data.
eToro
The most complete copy-trading product in Europe, wrapped in the simplest broker app - and paid for through conversion charges rather than commissions.
Pros
Cons
Best for
XM
A teaching-first CFD broker with a USD 5 door and spreads that make you pay for the welcome.
Pros
Cons
Best for
Open an account with either
A demo account costs nothing and answers the platform question in ten minutes.
Advertising disclosure: where a partnership is active, we may earn a commission through broker links. The provider’s terms apply. Commissions do not influence our ratings; paid placements are separately labelled as sponsored.
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