Here we list the best alternatives to eToro. Traders that are looking for brokers that are similar to eToro on specific features should check the detailed comparison table below.
Top 2 alternatives to eToro
These brokers are the best alternatives to eToro that also accept traders from your location. They are listed in order of similarity in terms of markets and features.
- Founded in 2002 in Poland, XTB now serves more than 1 million clients. The forex and CFD broker combines a heavily regulated trading environment with an extensive selection of assets and a commitment to trader satisfaction, featuring an intuitive in-house platform with superb tools to support aspiring day traders.CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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
- XM is a globally recognized forex and CFD broker with 20+ million clients in 190+ countries. Since 2009, this trusted broker has been delivering low trading fees across its growing roster of 1000+ instruments. It also offers a comprehensive MetaTrader experience that we've observed firsthand placing test trades.74.12% of retail accounts lose money.
Detailed comparison
Compared broker eToro | Alternative #1 XTB | Alternative #2 XM | |
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| Visit broker | VisitReview 61% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. 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. | VisitReview CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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 | VisitReview 74.12% of retail accounts lose money. |
| Promotions | |||
| Bonus | Get A Free Stock Worth $50 | – | – |
| Instruments | CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs | CFDs on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFs | CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies |
| Demo Account | Yes | Yes | Yes |
| Minimum Deposit | $50 | $0 | $5 |
| Payment Methods |
| Payment methods include Visa, Wire Transfer, Paypal, Debit / Credit Card and Skrill but vary based on the country of registration. |
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| Minimum Trade | $10 | 0.01 Lots | 0.01 Lots |
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| Regulator | FCA, CySEC, MiCA, MFSA, FSRA, ASIC, FSAS, MAS, GFSC | FCA, CySEC, KNF, DFSA, FSC, SCA, CMF, Bappebti | CySEC, DFSA, FSCA, SCA, FSA, FSC-Belize, FSC-Mauritius, CMA-Kenya, CMA-UAE |
| Margin Trading | Yes | Yes | Yes |
| Margin Rate | 6.40% | 4.5% | – |
| STP Account | Yes | Yes | Yes |
| ECN Account | No | No | No |
| DMA Account | No | No | No |
| MAM Account | No | No | No |
| PAMM Account | No | No | No |
| LAMM Account | No | No | No |
| Demat Account | No | No | No |
| AI / Machine Learning | Yes | No | Yes |
| Robo Advisor | No | No | No |
| Negative Balance Protection | Yes | Yes | Yes |
| Market Maker | Yes | Yes | Yes |
| P2P Trading | No | No | No |
| Spot Trading | Yes | Yes | Yes |
| Mobile Apps | iOS & Android | iOS & Android | iOS, Android & Windows |
| Trading App | eToro bring their social trading platform to your mobile, enabling you to copy trades, manage your account and invest via Android or iOS. Trade the key forex pairs from the palm of your hand. | Year after year XTB's app stands out for its slick design and uncluttered interface that we love. It’s quick, responsive and packed with useful features, notably integrated sentiment data, market news, economic calendars and education. The user-friendly order panel underneath the trading chart also makes placing trades, including adding take profit and stop loss levels, really straightforward. | XM offer a mobile app for both Android and iOS that has been specifically tailored to each platform, maximizing the functionality of both. The app delivers the MT4 and MT5 software on the move, with full access to the broker’s 1,400+ instruments. Where they shine is their dependability with minimal glitches and delays during testing. The built-in news, trading journal and push notifications also ensure you have everything you need to day trade from your hand. |
| Auto Trading | Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do. | – | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | Yes | No | Yes |
| Copy Trading Platform | eToro continues to deliver one of the best proprietary copy trading platforms on the market, at no additional cost for eToro clients. The web-based platform features a user-friendly and interactive layout and also comes with a community chat, making it a stand-out choice for beginners. The latest 'Live Trades' feature also offers real-time insights into the securities being bought by the platform's popular investors. | – | XM offers copy trading through its intuitive app with exclusive crypto pairs. XM global offers a pre-integrated signals service via the MT5 platform. Aspiring investors can view detailed performance metrics and copy the trades of strategy managers. It's easy to set up, only requiring a handful of steps after logging in to your MQL5 community account. |
| Social Trading | Yes | No | Yes |
| Trade Signals | Yes | No | Yes |
| VPS Hosting | No | No | Yes |
| Tournaments | No | No | Yes |
| Demo Competitions | No | No | Yes |
| Ethical Investing | Yes | Yes | No |
| Custodial Account | No | No | No |
| Guaranteed Stop Loss | No | No | No |
| Inactivity Fee | $10 | €/$10 per month after 365 days | $5 |
| Islamic Account | Yes | Yes | Yes |
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| CFD Trading | |||
| Overview | You can trade CFDs on over 3,000 assets and access rich market data through the integrated TradingView charts. There are also comprehensive free learning tools available for beginners via the eToro Academy, including dedicated CFD trading courses and guides. | XTB offers a huge selection of CFDs spanning forex, indices, commodities, stocks, ETFs, and cryptos (location-dependent). Leverage up to 1:30 is available in the EU and UK, while global clients and pro traders can access up to 1:500. XTB stands out for its CFD trading resources and tutorials to assist traders in developing short-term trading strategies. | XM delivers for CFD traders with flexible leverage and a huge range of markets, including bespoke thematic indices for exposure to popular sectors like artificial intelligence. The MT4/MT5 platforms are also fast and dependable while a free VPS is available to qualifying XM traders running algo trading strategies. |
| Leverage | 1:30 | 1:30 | 1:30 |
| FTSE Spread | 1.5 | 1.8 | 1.4 |
| GBPUSD Spread | 1.9 | 1.4 | 0.8 |
| Oil Spread | 0.05 | 0.03 | 0.03 |
| Stocks Spread | 0.57 (Apple) | 0.2% | 1.79 (Apple) |
| Forex Trading | |||
| Overview | An above-average selection of 55 currencies are available with reasonable spreads averaging 1.0 pips on EUR/USD during peak hours. Aspiring traders can continuously hone their forex strategies by switching between demo mode and their live account any time, with full access to the broker's 100+ technical indicators. | XTB provides access to 70+ currency pairs with low spreads averaging around 1 pip on majors. The xStation platform offers an intuitive environment for forex traders with an excellent charting package encompassing 30+ indicators, plus a range of order types, catering to various strategies and risk management techniques. | XM offers a strong selection of currency pairs with no re-quotes or hidden charges, while spreads have come down over the years, now starting from 0.6 pips on the EUR/USD in the commission-free account. |
| GBPUSD Spread | 1.9 | 1.4 | 0.8 |
| EURUSD Spread | 1.0 | 1.0 | 0.8 |
| EURGBP Spread | 1.3 | 1.4 | 1.5 |
| Assets | 55 | 70+ | 55+ |
| Crypto Trading | |||
| Overview | eToro leads the way in cryptocurrency trading, offering competitive spreads and a fixed 1% commission, plus their own wallet service. The broker offers a vast list of 100+ tokens which is continually being updated, including 29 new tokens in April 2025, from AI to memecoins. It also brought in crypto staking in 2025, allowing users to earn rewards for HODLing digital assets. Crypto investments are risky and may not suit retail investors. You could lose your entire investment. Understand the risks here. | XTB offers an excellent selection of cryptos with more than 50 digital currencies. Spreads are tight starting from 0.22% on BTC and leverage reaches 1:5. The xStation platform also provides intra-crypto pairs like ETH/BTC and DSH/BTC. With the capability to trade cryptos 24/7, XTB ensures a secure environment with transparent accounts for cryptocurrency day trading. | Crypto trading not offered |
| Crypto Spread | BTC 1% | 0.22% | Variable |
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| Crypto Lending | No | No | No |
| Crypto Mining | No | No | No |
| Crypto Staking | Yes | No | No |
| Crypto Auto Market Maker | No | No | No |
| Visit broker | VisitReview 61% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. 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. | VisitReview CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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 | VisitReview 74.12% of retail accounts lose money. |