XTB vs eToro
Compare XTB vs eToro Side by Side
Can’t pick between XTB and eToro and have doubts of which broker is actually better? Use our detailed guide of XTB Review vs eToro Review, compared safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.
|Licenses||UK, Poland, Belize||USA, UK, Australia, Cyprus|
|Minimum Deposit||250 US$||200 US$|
|Trading Platforms||MT4, xStation 5||eToro platform|
|Eurusd avg Spread||0.8 pips||1 pip|
|Licenses Countries Info (short)|
eToro definitely has an obvious advantage when it comes to licensing, as it holds multiple licenses from top-tier regulators in the UK, US and Australia, increasing its traders audience and providing services in more regions. While XTB holds UK license and additional two in Poland and Belize.
eToro is a Market Maker which is a great opportunity for beginning traders and some strategies due to its stability of a preset fee or spread. While XTB is an STP/NDD Broker is better for price transparency.
Both XTB vs eToro brokers are suitable for beginner traders or professionals with bigger size trading. However, there is a slight advantage to eToro for offering copy and social trading for its traders.
Fees & Commissions
|Inactivity Feemonth||0 $||$10|
|Deposit fee||0 $||0$|
|Withdrawal fee||0 $||5$|
|Rollover fee eurusd buy 1 lot||-0.000940%||-0.000129|
|Rollover fee eurusd sell 1 lot||+0.004617%||0.000064|
|Avg Eurusd standard acc||0.8 pips||1 pip|
XTB does not charge any additional fees such as inactivity fee or deposit/withdrawal fees, while eToro’s fees remain considerably elevated. In addition, XTB also has lower fees compared to the ones offered by eToro.
While both XTB vs eToro offer Standard accounts, eToro additionally offers a Swap Free Account, which allows traders to open long-term positions, and XTB has an Islamic Account to offer for traders following Sharia laws with suited conditions and applicable laws available.
Markets & Instruments
Both XTB vs eToro offer the same set of Trading Instruments, the slight advantage goes to XTB for having a larger offering in Commodities and Indices.
Both XTB vs eToro offer proprietary Trading Platforms, and both offer additional platforms. The only difference here and probably the advantage for XTb is that MetaTrder4 is present in its offer that gives and opportunity to execute the orders with its advanced chartings and tools.
Deposit & Withdrawal Methods
XTB vs eToro deposit methods are similar, the range of supported methods are alike. The only small gap is eToro withdrawal fee, while XTB has none.
The level of customer support for both XTB vs eToro stays at a high level and satisfies all the traders needs when it comes to live chats, phones, emails, etc. Both brokers developed comprehensive educational materials including webinars, learning guides and other supporting sources. There’s a minor disadvantage as we found eToro’s education materials and videos are not super comprehensive and rather medium or basic level.
Conclusion on eToro vs Plus500
Concluding XTB vs eToro comparison we found both brokers reliable and trustable with solid regulation and background. These brokers have similar min deposit requirements, both provide a wide range of trading instruments with good costs. However, we would give the preference to eToro for having a better regulatory backup and for offering social trading (and relatively better trading conditions). Here is our final recommendation: