eToro versus XTB

eToro, home to 25M+ traders and a leader in social trading, continues its expansion into the cryptocurrency sector following its announcement of an NFT fund. Traders get a balanced asset selection, while CopyTrader, CopyPortfolios, and in-house managed thematic investment portfolios remain at the core of its operations. Beginner traders get a quality educational service at the eToro Academy.

XTB, publicly listed in Poland, provides traders with a quality proprietary trading platform, a balanced choice of trading instruments, and competitive trading costs. Traders also get higher leverage, a volume-based rebate program rewards high-frequency traders, and the XTB Trading Academy offers beginners quality content, aiding its market expansion approaching 450,000 traders.

I have conducted an in-depth review of eToro and XTB to determine which one presents the better overall choice and which traders will benefit the most at either broker.

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• eToro vs. XTB - Verdict

Headquarters	Israel	United Kingdom
Regulators	ASIC, CySEC, FCA, FSA	N/A
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established	2007	2002
Execution Type(s)	Market Maker	Market Maker
Minimum Deposit	$50 - $10,000	$0
Negative Balance Protection		N/A
Trading Platform(s)	Proprietary platform	Proprietary platform
Average Trading Cost EUR/USD	N/A	0.1 pips ($1.00)
Average Trading Cost GBP/USD	2.2 pips	0.2 pips ($2.00)
Average Trading Cost WTI Crude Oil	$0.05	$0.04
Average Trading Cost Gold	$0.45	$0.36
Retail Loss Rate	74%	N/A
Minimum Raw Spreads	0.8 pips	N/A
Minimum Standard Spreads	1.3 pips	N/A
Minimum Commission for Forex	$0.00	N/A
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
	Visit Website 61% of retail CFD accounts lose money.	Visit Website

Features and Platforms

MT4
MT5
MT4/MT5 Add-Ons		N/A
cTrader
Proprietary Platform
Automated Trading
Social/Copy Trading		N/A
DOM?
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading
OCO Orders
Interest on Margin
	Visit Website 61% of retail CFD accounts lose money.	Visit Website

Noteworthy:

Neither broker supports algorithmic trading solutions, but eToro is a social trading broker, placing it ahead of XTB, which maintains a better trading environment for scalpers and high-frequency traders.

Available Markets

Currency Pairs		N/A
Cryptocurrencies		N/A
Commodities
Crude Oil
Gold
Metals
Equity Indices
Stocks (non-CFDs)
Bonds		N/A
ETFs
Options		N/A
Futures
Synthetics
	Visit Website 61% of retail CFD accounts lose money.	Visit Website

Both brokers feature 2,000+ CFDs and maintain a balanced asset selection, with most trading instruments covering global equities. eToro takes an overall lead due to 220+ETFs, in-house managed thematic portfolios, and its choice of cryptocurrencies. They include physical cryptocurrency trading. Neither has a broad-based Forex selection, but sufficient for many traders.

Typical Spreads and Fees

Average Trading Cost EUR/USD	N/A	0.1 pips ($1.00)
Average Trading Cost GBP/USD	2.2 pips	0.2 pips ($2.00)
Average Trading Cost WTI Crude Oil	$0.05	$0.04
Average Trading Cost Gold	$0.45	$0.36
Average Trading Cost Bitcoin	$574	$100.00
Minimum Raw Spreads	0.8 pips	N/A
Minimum Standard Spreads	1.3 pips	N/A
Minimum Commission for Forex	$0.00	N/A
Deposit Fee		N/A
Withdrawal Fee		N/A
Inactivity Fee	$10 monthly after 12 monthd	N/A
	Visit Website 61% of retail CFD accounts lose money.	Visit Website

XTB bests eToro with its pricing environment. The EUR/USD costs a minimum of $1.00 at XTB versus $10.00 at eToro. The difference in average costs is narrower but remains significant. Commissions on equity CFDs are also lower at XTB versus eToro, where the latter only offers commission-free trading on unleveraged equity buy orders.

Security and Trust

Country of the Regulator	Australia, Cyprus, Seychelles, United Kingdom	Belize, Cyprus, Poland, United Kingdom
Name of the Regulator	ASIC, CySEC, FCA, FSA	N/A
Regulatory License Number	491139, 109/10, 583263, SD076	000302/438, 522157, 169/12, 0000217580
Regulatory Tier	N/A	4, 1, 1, 1
	Visit Website 61% of retail CFD accounts lose money.	Visit Website

eToro and XTB segregate client deposits from corporate funds and offer negative balance protection. Both maintain a secure trading environment. XTB is publicly listed in Poland while eToro plans a US listing.

eToro vs IQ Option – Verdict

eToro

XTB

eToro offers social traders a high-quality trading environment, where equity and cryptocurrency traders get an edge over XTB. Scalpers and high-frequency traders get a superior platform at XTB, driven by lower trading costs. Overall, eToro bests XTB amid a trading environment that appeals to a broader trader base.

You might also be interested in reviewing the below broker comparisons:

• XTB vs ActivtTades
• XTB vs FP Markets
• XTB vs Markets.com
• eToro vs FxPro
• eToro vs NAGA
• eToro vs Libertex

FAQs

What is better than eToro?

It depends on individual preferences, with the main complaint against eToro being that its trading costs could be lower.

Is it smart to use eToro?

eToro offers social traders an edge, but it depends on what traders seek from their broker and at what cost.

Should you trust eToro?

eToro maintains a trustworthy trading environment. It complies with regulators in five jurisdictions, has enough experience, and has an overall positive track record.

By Tobi Amure

Tobi Opeyemi Amure has more than seven years of experience as a financial market analyst. He holds a Bachelor's Degree from Obafemi Awolowo University. Tobi's main area of expertise is in personal finance and the Forex industry. He has contributed to top platforms such as Investopedia, GoBankingRates, and Investing.com, where his expertise in Forex markets and digital assets is widely recognized. Tobi’s engaging storytelling and data-driven analysis have earned him a feature on Forbes and TheStreet, setting him apart as a trusted voice in Forex and online finance. In his free time, he explores emerging Forex trends, refines his market strategies, and actively engages with the global finance community.

Reviewer DailyForex.com Team

The DFX Team at DailyForex is a group of veteran financial analysts, traders, and brokerage industry experts dedicated to producing in-depth broker reviews and cutting-edge market insights, plus analysis of market trends. Holding over 16 years of experience in global financial markets, and 4 B.A. level academic qualifications in relevant degrees, we conduct thorough, unbiased evaluations of brokers to enable traders make informed decisions, using the most advanced methodology in the industry. Also, the DFX team is involved in generating technical analysis, signals, and trading strategies, with a consistent commitment to accuracy and transparency. Whether you’re a beginner or a professional trader, the DFX Team works to ensure you have the tools and insights you need to succeed as a trader in the retail CFD industry.

Fact-checker Adam Lemon

Adam Lemon began his role at DailyForex in 2013 when he was brought in as an in-house Chief Analyst. Adam trades Forex, stocks and other instruments in his own account. Adam believes that it is very possible for retail traders/investors to secure a positive return over time provided they limit their risks, follow trends, and persevere through short-term losing streaks – provided only reputable brokerages are used. He has previously worked within financial markets over a 12-year period, including 6 years with Merrill Lynch.