Compare eToro vs XM

Online brokers compared for fees, trading platforms, safety and more. See how eToro stacks up against XM!

eToro vs XM
open account	Open account Your capital is at risk	Open account 78.04% of retail CFD accounts lose money
overall rating	4.7	4.4
overall pros	Free stock and ETF trading Seamless account opening Social trading experience	Low stock CFD and withdrawal fees Easy and fast account opening Great educational tools
overall cons	High non-trading fees Only one account base currency Customer support can be improved	Limited product portfolio Average forex and stock index CFD fees No investor protection for non-EU clients
fees	4.3 Low trading fees Free stock and ETF trading High non-trading fees	3.5 No withdrawal fee Low stock CFD fees Inactivity fee Average FX fees
account opening	5.0 Fast Fully digital Low minimum deposit	5.0 Fast Fully digital Low minimum deposit
deposit and withdrawal	3.5 Credit/Debit card available No deposit fee User-friendly Only one account base currency $5 withdrawal fee Conversion fee for non-USD deposits	5.0 Credit/Debit card available Several account base currencies Free wire withdrawal above $200
web trading platform	4.4 User-friendly Clear fee report Two-step (safer) login Limited customizability (for charts, workspace)	2.8 Clear fee report Good customizability (for charts, workspace) Order confirmation No two-step (safer) login No price alerts Poor design
mobile trading platform	4.9 User-friendly Two-step (safer) login Good search function No Touch/Face ID login	3.8 User-friendly Good search function Price alerts No two-step (safer) login No Touch/Face ID login
desktop trading platform		3.4 Clear fee report Good customizability (for charts, workspace) Price alerts No two-step (safer) login Outdated design Search function could be better
markets and products	3.8 Stock ETF Forex CFD Crypto	2.5 Forex CFD Real stocks for clients under Belize (IFSC)
research	3.5 Good interactive chart Trading ideas User-friendly Analyst recommendations No fundamental data available No/poor quality news flow	4.4 Trading ideas Quality news flow User-friendly No fundamental data available
customer service	3.5 Live chat Fast response time Relevant answers No phone support No 24/7 support Live chat is offline quite often	4.0 Phone support Live chat Fast response time No 24/7 support
education	2.5 Demo account Intro guide to the platform Basic educational videos	4.5 Demo account Trading platform tutorial Educational videos
safety	Majority of clients belong to a top-tier financial authority Negative balance protection Well-known innovative fintech firm. Does not hold a banking license Not listed on stock exchange Financial information is not publicly available	Negative balance protection Regulated by the top-tier ASIC Does not hold a banking license Not listed on stock exchange Financial information is not publicly available
recommended for	Traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading	Forex and CFD traders who prefer MetaTrader platforms and seek great account opening

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