Online brokers compared for fees, trading platforms, safety and more. See how eToro stacks up against XM!
Last update of data—Jan 2023
eToro is a global social trading broker. It is regulated by top-tier authorities such as the UK FCA or Australia's ASIC. eToro USA LCC does not offer CFDs, only real Crypto assets available.
XM is a global forex and CFD broker regulated by Australia's ASIC, CySEC of Cyprus, and Belizean authority IFSC.
Recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero commission stock trading.
Recommended for forex and CFD traders who prefer MetaTrader platforms and seek great account opening.
eToro
eToro is a global social trading broker. It is regulated by top-tier authorities such as the UK FCA or Australia's ASIC. eToro USA LCC does not offer CFDs, only real Crypto assets available.
Recommended for traders interested in social trading (i.e. copying other investors’ trades) and zero commission stock trading.
XM
XM is a global forex and CFD broker regulated by Australia's ASIC, CySEC of Cyprus, and Belizean authority IFSC.
Recommended for forex and CFD traders who prefer MetaTrader platforms and seek great account opening.
eToro's service is slightly better than XM's and a comparison of their fees shows that eToro's fees are similar to XM's.
Account opening takes about the same effort at eToro compared to XM, deposit and withdrawal processes are more complicated at eToro, while customer service quality is somewhat lower than XM's.
Our experts rated the trading platform of eToro as better than the platform of XM, found that clients have access to more markets and products with eToro, while XM provides somewhat better research and education.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
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