United States
United Kingdom
Germany
Netherlands
Australia
United Arab Emirates
Canada
Italy
Spain
Austria
Croatia
Serbia
Portugal
CypruseToro vs XM
What each one charges, who licenses it, and how they rank against each other country by country.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The short version
We rank both for CFDs in 8 countries, and eToro comes out ahead in every one of them.
We score each country separately, based on the company that would actually hold your account there, so check your own country in the table below.
On the one fee we could check for both, XM is cheaper.
eToro holds top-tier licences from FCA, ASIC, SEC / FINRA and NYDFS; XM has no tier-1 licence.
- XM doesn't charge a withdrawal fee; eToro charges up to $5.Edge: XM
- Much of XM's business runs through offshore companies, where client protection is usually weaker.Edge: eToro
- We list eToro in 12 of the 14 countries we cover and XM in 8. They overlap in 8.Edge: eToro
- Only eToro offers stocks & ETFs and crypto.
- Only XM offers forex.
- Only XM supports MetaTrader 4 and MetaTrader 5.
- eToro gets more search attention than XM (Market Signal 71 vs 48). That tells you how well known it is, not how good it is.
Where you can use each one
Where each one ranks on our list in every country we cover, its Coinish Score there, and the company that would hold your account. If a broker isn't allowed to take clients from a country, it isn't on that country's list.
CFD brokers
| Country | eToro | XM |
|---|---|---|
| Austria | #2 of 3072/100EU passport eToro (Europe) Ltd · CySEC | #15 of 3058/100EU passport Trading Point of Financial Instruments Ltd · CySEC |
| Croatia | #1 of 2872/100EU passport eToro (Europe) Ltd · CySEC | #13 of 2858/100EU passport Trading Point of Financial Instruments Ltd · CySEC |
| Cyprus | #1 of 3072/100Locally licensed eToro (Europe) Ltd · CySEC | #14 of 3058/100Locally licensed Trading Point of Financial Instruments Ltd · CySEC |
| Germany | #2 of 3172/100EU passport eToro (Europe) Ltd · CySEC | #16 of 3158/100EU passport Trading Point of Financial Instruments Ltd · CySEC |
| Italy | #2 of 3372/100EU passport eToro (Europe) Ltd · CySEC | #16 of 3358/100EU passport Trading Point of Financial Instruments Ltd · CySEC |
| Netherlands | #3 of 3072/100EU passport eToro (Europe) Ltd · CySEC | #15 of 3058/100EU passport Trading Point of Financial Instruments Ltd · CySEC |
| Portugal | #2 of 3172/100EU passport eToro (Europe) Ltd · CySEC | #15 of 3158/100EU passport Trading Point of Financial Instruments Ltd · CySEC |
| Spain | #2 of 3172/100EU passport eToro (Europe) Ltd · CySEC | #16 of 3158/100EU passport Trading Point of Financial Instruments Ltd · CySEC |
| Australia | #2 of 1873/100Locally licensed eToro AUS Capital Limited · ASIC | Not listed |
| United Arab Emirates | #3 of 1272/100Locally licensed eToro (ME) Limited · FSRA (ADGM) | Not listed |
| United Kingdom | #3 of 1874/100Locally licensed eToro (UK) Ltd · FCA | Not listed |
Fees and features side by side
| eToro | XM | |
|---|---|---|
| Products | Stocks & ETFs, CFDs, Crypto, Copy trading | Forex, CFDs |
| Owner | eToro Group Ltd (listed on Nasdaq) | Trading Point Holdings Ltd |
| EUR/USD all-in cost | Not verified yet | Not verified yet |
| US stock commission | $2 per order | Not verified yet |
| Crypto trading fee | 1%, app fee per trade (no order book) | Not verified yet |
| Currency conversion fee | Not verified yet | Not verified yet |
| Inactivity fee | None | Not verified yet |
| Withdrawal fee | Up to $5 | None |
| Minimum deposit | $50 (eToro USA Securities Inc.) | $5 (Trading Point of Financial Instruments Ltd) |
| Instruments | 10,000+ | 1,000+ |
| Fractional shares | Yes | Not verified yet |
| Platforms | eToro web platform, eToro mobile app | MetaTrader 4, MetaTrader 5 |
| Deposit methods | Bank transfer, Credit/debit card, Trustly (online banking), SEPA transfer | Not verified yet |
| Withdrawal time (stated) | status email within 2 business days; up to 10 business days by method | processed within 24 hours (1 business day) once verified |
| Demo account | Yes | Yes |
| Support | Not verified yet | live chat · 24/7 |
Every figure comes from the broker's own pages or its regulator. You'll find the sources in each review (eToro, XM).
Licences
eToro
- eToro (Europe) Ltd: CySEC (Tier 2)
- eToro (UK) Ltd: FCA (Tier 1)
- eToro AUS Capital Limited: ASIC (Tier 1)
- eToro USA Securities Inc.: SEC / FINRA (Tier 1)
- eToro (Seychelles) Ltd: FSA Seychelles (Tier 3 (offshore))
- eToro NY LLC: NYDFS (Tier 1)
- eToro (ME) Limited: FSRA (ADGM) (Tier 2)
XM
- Trading Point of Financial Instruments Ltd: CySEC (Tier 2)
- XM Global Limited: FSC Belize (Tier 3 (offshore))
eToro vs XM: common questions
Which is better, eToro or XM?
We rank both for CFDs in 8 countries, and eToro comes out ahead in every one of them. For reference, eToro's best ranking is #1 of 30 CFD brokers in Cyprus, and XM's best ranking is #11 of 26 forex brokers in Croatia.
Is eToro cheaper than XM?
XM doesn't charge a withdrawal fee; eToro charges up to $5.
Is eToro or XM better regulated?
eToro holds top-tier licences from FCA, ASIC, SEC / FINRA and NYDFS; XM has no tier-1 licence. Which company you actually sign up with depends on where you live; the country table on this page names it for each one.
Can I use both eToro and XM where I live?
We list eToro in 12 of the 14 countries we cover and XM in 8. They overlap in 8. For CFDs, you'll find both on our lists in Austria, Croatia, Cyprus, Germany, Italy, Netherlands, Portugal and Spain.