XTB vs eToro

Comparing two brokers is seldom an easy task. In this article, we will compare XTB vs eToro two forex brokers in terms of regulation, fees, investment options, market research&analysis, and platforms.

Regulation

eToro holds 2 global Tier-1 licenses, while XTB holds 1. XTB holds 3 global Tier-2 licenses, while eToro holds 1.

eToro is regulated by:

ASIC (Australian Securities & Investment Commission)
FCA (Financial Conduct Authority)

XTB is regulated by:

FCA (Financial Conduct Authority)

XTB vs eToro – Investment Options

eToro

There are 3,056 tradeable symbols on eToro. The list below outlines the various investment options accessible to eToro customers.

Usefulness: As a multi-asset brokerage, eToro does everything in its power to ensure that traders have a pleasant experience. eToro, for instance, lets users choose between trading CFDs and the underlying assets right from the trade-ticket window. It’s a minor feature, but it’s quite handy.

Forex Trading
CFD Trading
3056 Tradeable Symbols in total
47 Forex Pairs in total
US Stock Trading (Non CFD)
Int’l Stock Trading (Non CFD)
Cryptocurrency (Physical)
Cryptocurrency (CFD)
Social Trading / Copy-Trading

XTB

CFDs on more than 1,840 stocks, 135 exchange-traded funds (ETFs), 22 commodities, 36 indices, 5 cryptos, and 57 FX pairings are available through XTB. As an aspect of its product offering, the broker offers roughly 7,800 non-leveraged cash equities as well as 150 exchange-traded funds (ETFs) (although these aren’t accessible for its United Kingdom or Cyprus branches). The list below outlines the various investing options accessible to XTB users.

Forex Trading
CFD Trading
10000 Tradeable Symbols in total
49 Forex Pairs in total
US Stock Trading (Non CFD)
Int’l Stock Trading (Non CFD)
Cryptocurrency (CFD)
Social Trading / Copy-Trading

XTB vs eToro – Pricing

eToro

Regarding the EUR/USD currency pair, the broker is a market-maker with a variable spread of 1 pip, and that is significantly higher than the industry norm. Retail traders select the broker for its social (copy) trading platform features rather than its spreads because of its trading costs.

Minimum Deposit is $10-$200
Average Spread EUR/USD – Standard 1 (2021)
All-in Cost EUR/USD – Active N/A
Active Trader or VIP Discounts
Execution: Agency Broker
Execution: Market Maker

XTB

XTB has 2 types of accounts: a spread-only Standard account along with a commission-based Professional one, which is only available to users that match the description of chosen Professionals in the United Kingdom and Europe. Generally, the broker’s pricing is similar to the industry average, but it lags below the top brokers in this area.

Minimum Deposit is $0.00
Average Spread EUR/USD – Standard 0.9 (2021)
All-in Cost EUR/USD – Active 0.9 (2021)
Active Trader or VIP Discounts
Execution: Agency Broker
Execution: Market Maker

XTB vs eToro – Platforms

eToro

The key novelty of eToro is the combination of self-directed trading and social trading into a single trading experience. It’s an excellent combo.

Summary of Platforms: The broker’s online platform experience is built around ease of use and simple design, and performing fundamental tasks is effortless and pleasant. Users receive access to features like the ability to build watchlists and the ability to add assets by just searching for accessible marketplaces.

Traders who use eToro, may discover crypto-trading tips and replicate other traders or parties of traders throughout the 108 crypto pairs covered by the platform. The broker’s Mobile wallet application is available for users who want to take underlying currencies from their eToro accounts.

Virtual Trading (Demo)
Proprietary Platform
Web Platform
Social Trading / Copy-Trading
66 Charting – Indicators / Studies in total
13 Charting – Drawing Tools in total
6 Watchlists – Total Fields
Order Type – Market

XTB

XTB provides MetaTrader 4 in a few regions, however, its feature-rich xStation 5 platform with its clean style and strong capabilities steal the show.

The broker provides 2 web-based trading platforms: xStation 5 along with MT4 (MetaTrader 4) platform built by MetaQuotes Software Corporation, which is only accessible in limited locations (not accessible from Cyprus, France, or the United Kingdom).

XTB vs eToro – Market Research and Analysis

eToro

Generally, the broker’s research is relevant and improving year after year, although it is not yet award-winning. There aren’t any regular video updates containing market analysis, for instance, and many capabilities are disabled until specific account levels are met.

The broker provides a regular economic calendar, an earnings reporting calendar, news updates, a regular market analysis series, and podcasts as part of its research. Some of these capabilities, however, aren’t immediately incorporated into its platform. Trading Central too is accessible, however, it is not open to all users — it is only accessible to eToro club members who have achieved a certain tier level. Stock research results are also accessible to those with a funded account.

Daily Market Commentary
Trading Central (Recognia)
Social Sentiment – Currency Pairs
Economic Calendar

XTB

Since XTB provides high-quality analysis from its own personnel along with third-party suppliers, its research material can match the top in the business. XTB, on the other hand, doesn’t really produce nearly as many regular English articles and videos as most of the top brokers in this area, while having a significant international reach in other languages.

Trading Central & Authochartist’s unavailability is compensated for by its Premium Research service, which includes exclusive tactics. XTB provides an economic calendar and other research platform features in addition to live updates from leading news suppliers. The broker also publishes written pieces by company employees as well as regular video webinars on YouTube, which are available in a variety of languages, such as Polish, Italian & German.

Daily Market Commentary
Forex News (Top-Tier Sources)
Social Sentiment – Currency Pairs
Economic Calendar

Final Thoughts

We analyzed each broker meticulously. eToro provides a superior trading experience. However, XTB provides exceptional market research with studies. Lastly, we determined the better platform to be XTB.