XM vs eToro

XM vs eToro Comparison Table 2023
XM	eToro
Review 4.4	Review 4.1
Traders from US not accepted	Traders from US not accepted
XM is a globally recognized forex and CFD broker with 10+ million clients in 190+ countries. Since 2009, this trusted CySEC-regulated broker has been well-known for its low spreads and competitive fees on 1000+ instruments. XM offers both the MT4 and MT5 platforms.	eToro is a multi-asset platform which offers both investing in stocks and cryptoassets. Crypto Trading is offered via eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. CFDs are not available in the US Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 79% of retail accounts lose money.
	79% of retail investor accounts lose money when trading with this provider. You should consider whether you can afford to take the high risk of losing your money.
Bonus Offer
Free VPN Services
Promotions
Improve The Speed & Reliability Of Your Trades With The XM VPS
Comment by Reviewer
"XM will suit traders looking for a trustworthy broker with low fees, access to the reliable MetaTrader platforms, plus excellent market research and education."	"eToro is a great pick for traders who want to trade CFDs with copy trading and other social features"
Pros
Beginner-friendly education tools including podcasts and expert-led webinars in 9 languages Premium research including market sentiment, fundamental insights and strategy builders Accessible trading accounts with a $5 minimum deposit and easy account opening Powerful MT4 and MT5 platforms available via web, desktop or mobile Reliable 24/5 customer support in over 25 languages Hugely respected brand with 30+ industry awards Transparent fees with spreads from 0.0 pips 1000+ instruments including 50+ forex pairs	25M+ user community $10 minimum deposit Cryptocurrency trading Top-rated copy trading app
Cons
$5 inactivity fee Traders from the US not accepted	No welcome bonuses No MetaTrader 4 or MetaTrader platforms
Awards
The Best Crypto CFDs 2022 - Financial Expo Egypt Best FX Service Provider 2022 - City of London Wealth Management Awards Best MT4/MT5 Broker 2021 - DayTrading.com Best FX Educational Broker in the MENA region 2021 - Dubai Expo Awards Best Trading Experience 2021 - Ultimate Fintech Best FX Service Provider 2021 - City of London Wealth Management Awards Best Broker in Customer Service 2020 - FX168 Best Customer Service Experience 2020 – Global Business Awards Global Forex Broker of the Year 2020 - Global Forex Awards Best FX Service Provider for 2020 - City of London Wealth Management Awards	Best of Show Award 2012 - Finovate Europe Most Innovative Trading Platform 2010 - World Finance Awards Best Trading Software 2011 - World Finance Awards
Instruments
Forex CFDs, Commodity CFDs, Equity Indices CFDs, Precious Metals CFDs, Energy CFDs, Stocks	Crypto
Demo Account
Yes	Yes
Minimum Deposit
$5	$10
Payment Methods
Multiple local payment methods available	Automated Customer Account Transfer Service Bitcoin Payments Debit Card Ethereum Payments iDeal Klarna Maestro Neteller Payoneer POLi Rapid Transfer Skrill Sofort Swift Visa Wire Transfer
Minimum Trade
0.01 Lots	$10
Regulator
IFSC, DFSA, CySEC, ASIC, FCA, BaFin, CNMV, MNB, CONSOB, ACPR, FIN-FSA, KNF, AFM, FI	FCA, CySEC, ASIC, FSA
Margin Trading
Yes	Yes
MetaTrader 4
Yes	No
MetaTrader 5
Yes	No
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	Yes
STP Account
No	Yes
ECN Account
Yes	Yes
DMA Account
No	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	Yes
Robo Advisor
No	Yes
Negative Balance Protection
Yes	Yes
Market Maker
Yes	Yes
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS, Android & Windows	iOS, Android & Windows
Auto Trading
Yes (EAs)	Automate your trades via Copy Trading - follow profitable traders. Open and close trades automatically when they do.
Copy Trading
Yes	Yes
Copy Trading Platform
XM offers over copy trading on MT4 and MT5. Integrated signals can be used to inform trades, including buy and sell decisions and entry and exit points.	One of the best proprietary platforms currently on the market is the award-winning eToro CopyTrader (at no additional cost for eToro clients). The web-based platform includes a user-friendly and interactive layout and also comes with social features, including a community chat. Copy trading on crypto trades only.
Social Trading
No	Yes
Trade Signals
Yes	Yes
VPS Hosting
Yes	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	Yes
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
	$10
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP CAD AUD JPY ZAR CHF PLN	USD
Stock Exchanges
Australian Securities Exchange CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng Japan Exchange Group Nasdaq New York Stock Exchange S&P 500 SIX Swiss Exchange	Australian Securities Exchange Borsa Italiana CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Korean Stock Exchange London Stock Exchange National Stock Exchange Of India New York Stock Exchange Russell 2000 S&P 500 Shanghai Stock Exchange SIX Swiss Exchange Tokyo Commodity Exchange Taiwan Stock Exchange
Commodities
Cocoa Coffee Copper Corn Cotton Gasoline Gold Oil Precious Metals Silver Sugar Wheat	Aluminium Cocoa Coffee Cannabis Copper Corn Cotton Gasoline Gold Iron Lead Lithium Livestock Nickel Oil Palladium Platinum Precious Metals Silver Soybeans Sugar Wheat
CFD Trading
Speculate on rising and falling prices with leveraged CFDs spanning popular financial markets. Users get low spreads and high-quality market insights to support CFD trading.	eToro offers leveraged CFD trading in certain jurisdictions. Speculate on thousands of financial assets.
Leverage
1:500
FTSE Spread
1.5 pts (var)	1.5 pt
GBPUSD Spread
2.1 (var)	2 pips
Oil Spread
0.05 (var)	5 pts
Stocks Spread
0.1% (var)	0.24% Var
Forex Trading
XM offers ultra low spreads across a range of forex markets with no re-quotes or hidden charges. Forex can be traded 24/5 on desktop, web and mobile. Over 50 currency pairs are available including all majors.	eToro offers a selection of major, minor and exotic currency pairs. Clients can speculate on FX from the eToro trading app.
Forex App
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 MetaTrader 4 and MetaTrader 5 platforms in your hand, with full forex trading and charting capabilities. Try it out today.	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.
GBPUSD Spread
2.1 pips (var)	2 pips
EURUSD Spread
1.6 pips (var)	1.5 pips
EURGBP Spread
2 pips (var)	1.5 pips
Assets
55+	49
Currency Indices
USD	USD
Cryptocurrency
Crypto trading not offered	eToro leads the way in cryptocurrency trading. The lowest spreads (from 0.75% for BTC), their own wallet service and the largest number of cryptos to trade in the market. Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply..
Spread
	BTC <1%, ETH 2%
Coins
	BTC ETH BCH XRP DASH LTC ETC ADA MIOTA XLM EOS NEO ZEC BNB VET
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	Yes
Auto Market Maker
No	No

Review	Review
	79% of retail investor accounts lose money when trading with this provider. You should consider whether you can afford to take the high risk of losing your money.
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