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Compare eToro vs XM

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

eToro vs XM
overall rating
4.5 / 5.0
4.4 / 5.0
overall pros
  • Free stock and ETF trading in the EU
  • Seamless account opening
  • Social trading experience
  • Low trading fees
  • Easy and fast account opening
  • Great educational tools
overall cons
  • Poor customer service
  • Trading platform outages
  • Limited educational tools
  • Only CFDs and forex offered
  • Limited research tools
  • Inactivity fee
fees
4 stars
  • Free stock and ETF trading in the EU
  • Low fees for non-EU clients
  • Transparent fee structure
  • High financing rate
  • $25 withdrawal fee
  • $10 monthly inactivity fee
4 stars
  • Low trading fees
  • No withdrawal fee
  • Inactivity fee
account opening
5 stars
  • Fast account opening
  • No minimum account balance
  • User-friendly
5 stars
  • Fast account opening
  • Fully digital account opening
  • Very low minimum deposit
deposit and withdrawal
4 stars
  • Credit/Debit card deposit and withdrawal
  • No deposit fee
  • User-friendly
  • High withdrawal fee
  • Only one account base currency
5 stars
  • Credit/Debit card deposit and withdrawal
  • No deposit fee
  • Quick funding and withdrawal -within 3 days
  • $15 fee for withdrawals less than $200
web trading platform
4 stars
  • User-friendly
  • Looks nice
  • Social trading
  • No clear fee report available
  • Cannot be customized
3 stars
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Wide variety of languages
  • No two-step (safe) login
  • No price alerts
  • Does not look nice
mobile trading platform
5 stars
  • User-friendly
  • Two-step (safe) login
  • Looks nice
4 stars
  • User-friendly
  • Looks nice
  • Available in several languages
  • No two-step (safe) login
desktop trading platform
-
3 stars
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Available in several languages
  • No two-step (safe) login
  • Does not look nice
markets and products
3 stars
  • Stock
  • ETF
  • CFD
  • Crypto
1 stars
  • Forex
  • CFD
  • Crypto
research
4 stars
  • Good interactive chart
  • User-friendly
  • Analyst recommendation
  • Limited fundamental data
  • Limited news flow
3 stars
  • Many technical-based analyzes
  • Great economic calendar
  • No fundamental data available
  • Missing news
customer service
2 stars
  • Professional tone
  • No phone support
  • No live chat
4 stars
  • Live chat
  • Fast response time
  • Available in local languages
  • Missing 24/7
  • Sometimes irrelevant answers
education
3 stars
  • Demo account
  • Intro guide to the platform
  • No educational videos
5 stars
  • Demo account
  • Trading platform tutorial videos
  • Educational videos
  • Missing written education content
  • Regulated by top tier financial authority
  • Negative balance protection
  • Well-known fintech startup
  • Does not hold a banking license
  • Not listed on stock exchange
  • Limited disclosed financial information
  • Regulated by top tier financial authority
  • High level of investor protection
  • Negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Traders and those interested in social trading (copying other traders’ trades) Forex and CFD traders looking for MetaTrader platforms and low trading fees

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