Is eToro better than XTB? Who offers lower spread, better trading conditions and is a safe broker to trade?
We provide answers to all questions in this eToro vs XTB Comparison Review. For this Review we opened real accounts and deposit over US$ 6,000 in total to compare both offerings, account opening process at eToro and XTB also the fees, trading conditions, platform selection and withdrawal process.
What is eToro and XTB
eToro is one of the largest, Best Social trading Brokers and platform with a good range of portfolios and Top number of investors.
XTB is a global Forex and CFD broker. The broker carries several licenses, and the spreads on currency pairs are quite low; the broker also allows scalping.
Some of the highlights of eToro vs XTB are:
| eToro | XTB | |
| 💻 Website | www.etoro.com | www.xtb.com |
| 🛡️Founded year | 2006 | 2002 |
| 🏦 Headquarter | Israel | London and Warsaw |
| 🗺️ Authorized & Regulated in | USA, UK, Australia, Cyprus | UK, Cyprus, Poland, Spain, Belize |
| 🔒 Is Broker safe | Yes | Yes |
| 💰 EUR/USD Spread | 0.97 | 0.9 |
| 💳 Minimum deposit | US$50 or US$500 | US$250 |
| 💰 Withdrawal fee | US$5 | US$0 |
| 🖥️ Trading Platform | eToro’s own trading platform | MT4, xStation 5, xStation Mobile |
| 📈 Markets offered | Indices, Forex, Commodities, Stocks, Cryptocurrencies, ETFs | Forex, Indices, Stocks, Commodities, ETFs, Cryptocurrencies |
| 📉 Number of Products | 986 | 2111 |
| 🔎 Our Detailed Review | eToro Review | XTB Review |
Licenses and Regulation
Compared XTB vs eToro, Both Brokers are safe to trade and are highly reliable, low risk trading Brokers due to regulations and are not a scam.
eToro is licensed by some of the top global regulators, including the UK’s FCA, CySEC, ASIC, and FinCEN.
XTB is licensed by 5 regulators globally including the top-tier UK’s FCA, the CySEC, Poland’s KNF, Spain’s CNMV & Belize’s FSC.
For this review, we opened an account under eToro (Europe) Limited regulated by CySEC and with XTB Ltd, also regulated by CySEC.
We recommend you to register your account with the eToro UK or CySEC entity and with XTB UK, Cyprus, Poland and Spain entities if they’re available to you, since they all offer deposit protection.
| eToro | XTB | |
| 🔒 Licenses | ASIC, CySEC, IE Singapore, FCA, NFA | FCA, CySEC, KNF, CNMV, FSC |
| Top Tier License | ✔️ | ✔️ |
| Publically Traded | ❌ | ✔️ |
| Compensation Scheme | ✔️ (depending on entity) | ✔️ (depending on entity) |
eToro vs XTB Fees
eToro and XTB fees are similar and mainly built into a spread basis. In case of eToro, there are no commission based accounts. XTB offers very low spreads on commodities and stocks. Yet, it charges a EUR 6.6 commission on Stocks.
There are additional fees charged by eToro. It charges a few non-trading fees, while XBT does not charge any deposit or withdrawal fee, yet there is a major drawback as XTB processes client withdrawals via bank transfers only.
| eToro Fees | XTB | |
| Fees based on spread | ✔️ | ✔️ |
| Floating Spread | ✔️ | ✔️ |
| Fixed Spread | ❌ | ❌ |
| Commission based fees | ❌ | ✔️ |
| Inactivity Fee | $10 | $0 |
| Deposit fee | 0$ | 0$ |
| Withdrawal fee | 5$ | 0$ |
| Active trader/ VIP Programs | ✔️ | ❌ |
Spreads Charged in Our Trades
For our test trades on eToro vs XTB accounts, we chose popular instruments in each market. We placed 3 trades for each instrument to get the average spread, we found both negative and positive sides for each Broker spreads.
eToro spreads for Indices and Forex are below the industry average. For commodities and stock CFDs spreads are above the industry average. Cryptocurrencies in the trades are more than double the industry average.
Our testing finds that XTB spreads on Forex is quite low, but the spreads on commodities, stocks, indices and cryptocurrencies are in-line with industry averages or higher..
| Markets | Instruments | eToro Avg. spread | XTB Avg. spread | Industry avg. spread |
| Indices | FTSE 100 | 1.4 | 1.80 | 1.65 |
| Forex | EUR/USD | 0.97 | 0.83 | 1.16 |
| Commodities | Gold | 4.5 | 0.44 | 3.53 |
| Stocks | AAPL | 2.23 | 1.00 | 1.75 |
| Cryptocurrencies | Bitcoin | 102.71 | 189.55 | 72.81 |
| ETFs | QQQ | 0.53 | N/A | 0.45 |
Account Types Compared
eToro offers a single account with access to all tools and services from one account. XTB offers 2 account types, that is, the Standard, and PRO accounts. XTB also offers a forex swap-free Account.
Opening a new account on eToro was very simple and easy, the registration process took merely 11 minutes.
XTB account opening is fast and smooth. The registration process took only 13 minutes and our account was approved on the same day, which was impressive!
| eToro Accounts | XTB Accounts | |
| Standard Account | ✔️ | ✔️ |
| ECN / Commission Based Account | ❌ | ❌ |
| Islamic Account | ✔️ | ❌ |
| PAMM Account | ❌ | ✔️ |
Markets and Products
At XTB, you can trade CFDs on Forex pairs, stock indices, stocks, commodities, ETFs and cryptocurrencies. While eToro is primarily a Forex and CFD broker, it also offers trading services with real Stocks, ETFs, and Cryptocurrencies.
| Markets | eToro Instruments | XTB Instruments |
| Indices | 13 | 42 |
| Forex | 49 | 57 |
| Commodities | 31 | 23 |
| Stocks | 726 | 1849 |
| Cryptocurrency | 16 | 25 |
| ETFs | 151 | 119 |
| Options | – | – |
Trading Conditions
Trading conditions on eToro are fair and suitable for beginning traders, however, it does not allow scalping, while XTB allows high-risk strategies such as hedging and scalping.
| Trading Method | eToro | XTB |
| Hedging | ✔️ (eToro will retain the profits) | ✔️ |
| Scalping | ❌ | ✔️ |
| Change Leverage | ✔️ | ❌ |
| Copy trading/ Social trading | ✔️ | ❌ |
| Beginners Trading | ✔️ | ✔️ |
| Professional Trading | ✔️ | ✔️ |
Deposit and Withdrawal
Both deposit and withdrawal processes on eToro and XTB are simple enough, supporting various funding methods. However, eToro charges a flat fee of $5 for every withdrawal. XTB, on the other hand, does not allow you to withdraw your funds using other payment methods except for bank wire transfers.
We tested the deposit process on eToro using multiple payment modes and the deposits were received instantly.
We tested deposit by Debit Card on XTB. All the deposit methods offered by XTB are instant and free.
| eToro | XTB | |
| 💰 Deposit Fee | ❌ | ❌ |
| 💰 Withdrawal fee | 5$ | ❌ |
| 💳 Minimum deposit | US$50 or US$500 | US$250 |
| Bank Transfer | ✔️ | ✔️ |
| Debit/ Credit Cards | ✔️ | ✔️ |
| PayPal | ✔️ | ✔️ |
| Skrill | ✔️ | ✔️ |
Trading Platform
eToro uses its own trading platform and does not offer other alternatives. The platform looks modern and is easy to use. XTB offers MetaTrader4 , which is a popular platform and suggests many advantages.
eToro is known for its social trading feature. In fact, it gained popularity because of this. It basically has two features: CopyTrader and CopyPortfolio.
The trading conditions at XTB are good, but at the moment it does not offer social trading.
| eToro Platform | XTB Platform | |
| Proprietary Platform | ✔️ | ✔️ |
| Web Platform | ✔️ | ✔️ |
| Desktop Platform | ❌ | ❌ |
| Mobile App | ✔️ | ✔️ |
| Alternative Platforms | ❌ | ✔️ |
| MetaTrader4 | ❌ | ✔️ |
| Simple to use platform | ✔️ | ✔️ |
| Demo Account Trading | ✔️ | ✔️ |
| Execution Agency Model | ❌ | ❌ |
| Research | ✔️ | ✔️ |
| Advanced Research tools | ❌ | ✔️ |
Education and Support
eToro does not offer high quality education resources, while XTB offers a wide variety of educational materials. eToro vs XTB both offer decent customer support with Live Chat and support inquiries.
We found that eToro is developing its learning materials and has established eToro Trading School.
XTB educational materials are grouped according to a trader’s experience and based on various subjects, which we found to be very helpful.
| eToro Support | XTB | |
| Trading School for Beginners | ✔️ | ✔️ |
| Tutorials | ✔️ | ✔️ |
| Trading Videos | ❌ | ✔️ |
| Webinars | ✔️ | ✔️ |
| Daily News and Analysis | ✔️ | ✔️ |
| Economic Calendar | ✔️ | ✔️ |
| Live Chat | ✔️ | ✔️ |
| Email Support | ✔️ | ✔️ |
| 24/7 availability | ❌ | ❌ |
Conclusion on eToro vs XTB
Comparing eToro to XTB side by side we found both brokers reliable and with good standing. The proposals are different with eToro focusing on Social Trading, whereas XTB carries several licenses and the spreads on currency pairs are quite low; the broker also allows scalping.
eToro trading costs are based on spread with no commission with a competitive trading environment. However, XTB charges a EUR 6.6 commission on Stocks and ETF trades with opening and closing transactions being treated as separate trades, which could be an expensive trading fee if you are trading small contract sizes.
Our trading experience on eToro platform was smooth. eToro is good for beginners and experienced/popular traders. It has some attractive features like social trading and is Best for the number of Top Traders.
Overall, our experience with XTB was smooth from opening account, to deposit, trading and withdrawal. XTB is good for experienced traders and beginners, it also allows the use of Expert Advisors and offers popular trading platforms, such as MetaTrader 4 (MT4).
| eToro | XTB | |
| Recommended for | ✔️ Best for Social Trading ✔️ Beginning Traders ✔️ Trading Currency Pairs ✔️ Cryptocurrency Trading ✔️ Stocks Trading | ✔️ EA trader ✔️ Scalping trader ✔️ Trading Currency pairs and Stocks ✔️ Beginning Traders ✔️ Experienced traders |
| Might not be fit for | ❌ Scalping trader ❌ Hedging trader ❌ EA trader ❌ Trading through MT4/MT5 platform only ❌ Commission based trading | ❌ Trading on Stocks with small contacts ❌ Commission based trading |