eToro vs XTB - Fees Review included
Which broker is better eToro or XTB? Our expert assessment conducted according to TU’s own methodology showed that eToro is one of the top brokers in the financial market with the TU Overall Score of 5.6 out of 10. XTB is one of the top brokers in the financial market with the TU Overall Score of 5.18 out of 10. Find out more about TU Overall Score.
| Feature | eToro | XTB |
|---|---|---|
Overall |
4.8 |
4.3 |
5.0 |
4.7 |
|
4.7 |
3.8 |
|
4.9 |
4.7 |
|
Investment Instruments |
5.0 |
1 |
Platforms and Charting Tools |
4.1 |
4.4 |
Deposit and Withdrawal |
4.5 |
4.8 |
Research |
5 |
4.1 |
Education |
4.3 |
4.4 |
Support |
4.2 |
4.5 |
Bonuses |
1 |
4.6 |
|
|
|
eToro vs XTB: Pros and Cons
The eToro broker is a very popular online platform for trading. Founded in 2007, the company operates as a social trading website that works with traders in dozens of countries.
The X Trade Brokers (hereinafter “XTB”) is registered in Belize and provides a fairly extensive list of financial services to traders. The company was incorporated in 2002 and its financial regulator is the Belize International Financial Services Commission (IFSC). The broker has offices in Spain, Poland, and the UK, where it is authorized and regulated by the National Financial Supervision Commissions. The XTB is focused on working primarily with European investors. It has several significant awards, including the Best Broker in Europe award by Global Banking & Finance Review and Best Financial Teacher by World Finance Exchange & Brokers.
| eToro | XTB | |
|---|---|---|
| Overall Pros | Mobile app for trading from smartphones | 2100+ trading instrumetns |
| Highly licensed and regulated broker | Big choice of ETF CFDs | |
| eToro charges a fixed withdrawal fee of $5 USD | Everage EURUSD spread 0.1 pip | |
| The traders have access to the following trading offers: a copy trading service and ready-made portfolios with semi-automatic diversification | Advanced xStation trading platform | |
| The funds of eToro clients are held at the licensed US banks | Well regulated broker | |
| Overall Cons | Customer support can be only contacted by tickets | High non trading fees - 1.5% commission for withdrawal to credit cards, Account fee 10EUR etc. |
| High stock CFDs fees |
eToro vs XTB: Safety and Regulation
| Regulated By: | eToro | XTB |
|---|---|---|
US Regulation |
Yes (eToro US) |
NO |
FCA (Great Britain) |
Yes |
Yes |
CySec (Cyprus, EU) |
Yes |
Yes |
ASIC (Australia) |
Yes |
No |
Other Regulators |
Seychelles FSA |
International Financial Services Commission in Belize. (IFSC License No.: 000302/185) |
eToro vs XTB: Trading Conditions
| Trading Conditions | eToro | XTB |
|---|---|---|
Minimum Deposit |
$50 |
$1 |
Trading Platforms |
eToro |
MetaTrader 4 and xStation 5 |
Max Leverage (Futures) |
1:30 |
1-500 (only for non EU and UK clients), 1-30 |
Supported Markets |
Forex, Stocks, Indices, Commodities, Crypto |
Forex, CFDs on Stocks, Commodities, Metals, Cryptocurrencies and ETFs |
Trading assets |
1000+ |
2100+ |
Trading Accounts |
Standard, Demo |
Demo, Standard, Pro, Islamic |
Base Account Currencies |
USD |
USD |
eToro vs XTB: Fees
Forex Trading Fees
| Fee | eToro | XTB |
|---|---|---|
Standard Account EURUSD Average Spread |
1 pip |
1 pip |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
Not supported |
Not supported |
ECN Account EUR Average Spread |
Not supported |
Not supported |
CFD Trading Fees
| Fee | eToro | XTB |
|---|---|---|
CFD Trading Fee |
Floating spread |
0.3% for stock and ETF CFDs trading, 4USD per 1 BTC, 10 ETH, 1000 LTC |
Non-Trading Fees
| Fee | eToro | XTB |
|---|---|---|
Account Fee |
No |
$10 EUR per month |
Deposit Fee |
No |
No |
Withdrawal Fee |
$5 |
1.5% of the amount (but not less than USD 30) when withdrawing money to a bank card (Visa, Mastercard), as well as when withdrawing to SafetyPay. When withdrawing to Neteller and Skrill, XTB charges 2% of the withdrawal amount. |
Inactivity Fee |
$10 per month after 12 months of inactivity |
€10 per month after 12 months of inactivity |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
eToro vs XTB: Trading Assets
| Asset Name | eToro | XTB |
|---|---|---|
Overall |
1000+ |
2100+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes (CFD) |
Metals |
Yes |
Yes (CFD) |
Cryptocurrencies |
Yes |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes |
Yes (CFD) |
ETFs |
No |
Yes (CFD) |
Bonds |
No |
No |
Mutual funds |
No |
No |
Stock options |
No |
No |
Futures Trading |
No |
No |
Binary Options |
No |
No |
eToro or XTB: Investment Programs
| Asset Name | eToro | XTB |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: XTB or eToro
| eToro | XTB | |
|---|---|---|
MT4 |
No |
Yes |
MT5 |
No |
No |
cTrader |
No |
No |
Appropriate platform |
eToro |
xStation 5 |
Others |
No |
No |
|
|
|
eToro vs XTB: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | eToro | XTB |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
No |
No |
eToro vs XTB: Research
| Research Type | eToro | XTB |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
eToro vs XTB: Education
| Education Type | eToro | XTB |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
No |
No |
XTB vs eToro: Support
| Support Features | eToro | XTB |
|---|---|---|
Working Days |
24/5 |
24/5 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
No |
No |
eToro vs XTB: Forex Bonuses and Promo
| Promo | eToro | XTB |
|---|---|---|
Forex Bonus |
No |
Welcome bonus for non UK/EU & MENA residents . 50% of your first deposit can be added to your account if you trade a minimum amount of lots (15% of your first deposit amount) within 60 days of your account opening, clients should aply for Welcombe bonus and deposit at least $100. |
Affiliate Program |
$100-250 per trader |
The XTB affiliate program allows a client of the company to earn additional income by advertising the broker and attracting new clients. The amount of such income is up to 20% of the spread of the referred client |
Other Promos |
No |
he XTB cashback (rebates) program is primarily for traders who trade actively. The client has the opportunity to receive partial compensation of the spread, subject to the fulfillment of the monthly trading volume |
|
|
|
Top 5 Reviews on XTB
-
Comment
xtb is an excellent company, I have been working with it for 3 years. I withdraw large sums to the card. The quotes are even without problems, there is a choice of other platforms, and fees are minimal. I totally confirm reviews of xtb!
-
Comment
I consider xtb a promising broker. I worked with it for some time — everything was excellent and most importantly of high quality. When I was withdrawing funds for the first time, I had to wait a little and I even started to get nervous, but in the end everything worked out. So I recommend this company as honest and of high quality.
-
Comment
XTB is a good broker, without any pitfalls. It withdraws everything within 24 hours and its servers are stable. So far, I’m happy.
-
Comment
XTB is a normal broker. Of course, there is some work to be done, but the platform copes with my claims. There were also requotes and slippages, but everything was within the acceptable limits. For now I’m staying with XTB and I hope that founders of this company will develop it.
-
Comment
I have been working with XTB for almost 18 months, there have been no negative aspects. New currency pairs have appeared. Some spreads are better, some are worse. The platform is normal, fast, and trades are executed quickly. XTB leaves a good impression.
Top 5 Reviews on eToro
-
Comment
Stability in trading is the most important thing that I note in a broker’s operation. There are a lot of scams now, and finding a good broker is now very difficult. The regulator's license is important, but the company's presence on the market is more important. Entrusting the service to someone who has been operating for many years is the best idea. I have decided on eToro.
-
Comment
eToro is the first broker where I am not bothered with requotes. They haven’t occurred in 3 months even at high activity. It is clear that eToro has a thorough approach to work; the equipment is not cheap.
-
Comment
I started my eToro way back in 2020 to invest in US ETFs which at that time were not very accessible in my location. I checked their website and did a careful research before creating my account because of a number of complaints about their high fees. The website says commission is free, as with other factors which are charged in other platforms such as overnight and custody fees. Cut the story short I created an account with them and purchased one of their ETF products for an expense ratio of 0.03% at the time of sale. I thought this was such a steal price compared to an equity index feeder fund offered by a major bank brand in my area. From my estimation and confirmed by their agent as well (contacted them before posting this review), commissions from my trades averaged 0.09%, with a 0% commission structure on shares. Insanely low! This makes them my favorite platform for trading stocks.
-
Comment
Recently I completed a small experiment to test the performance of eToro and I am happy to share my conclusions. I made sure that the company really operates, quickly executes trades in the market, and withdraws profits. Although the eToro platform is not always perfect, it is still possible to make a profit on it.
-
Comment
I've been searching for a broker for a long time to comfortably trade stocks, and I'm very glad I opened an account with eToro. A big advantage is that trading fractional shares is possible. The commission for traders is no higher than with other brokers, and customer support always responds quickly, and money transfers are fast—I work with a card.
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.
Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.
Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.
Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
"Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more"
eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.
FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
The area of responsibility of Mikhail includes covering the news of currency and stock markets, fact checking, updating and editing the content published on the Traders Union website. He successfully analyzes complex financial issues and explains their meaning in simple and understandable language for ordinary people. Mikhail generates content that provides full contact with the readers.
Mikhail’s motto: Learn something new and share your experience – never stop!