About Us

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Contact Info

123/A, Miranda City Likaoli Prikano, Dope United States

+0989 7876 9865 9

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eToro Vs. XM Broker: Which is a Better Trading Platform for 2020?

eToro is a trading company that is widely popular for its copy trading services. eToro was founded in 2007 and it has its offices in Cyprus, Israel, Australia, and the United Kingdom. The excellent services offered by eToro is easy to access and beneficial for both experienced and novice traders.

XM Broker offers online brokerage services to its clients and allows them to trade in a wide variety of services. It was founded in 2009 and it provides its traders with the full MetaTrader platform by MetaQuotes Software Corporation. XM has over 2.5 million clients from 196 countries across the world and it has also executed more than 1.4 billion trades.

Headquarters

eToro

XM Broker

Year of Establishment

2006

2009

Headquarters

Cyprus

Cyprus

Features

Features

eToro

XM Broker

iOS Application

Available

Available

Android Application

Available

Available

Windows Platform

Not Available

Available

Price Alerts Set

Available

Available

Variable Spreads

Not Available

Available

Tight Fixed Spreads

Available

Not Available

Scalping Trading

Not Available

Available

Hedge Trading

Not Available

Available

Stop-loss Orders

Available

Available

Limit Orders

Available

Not Available

One-click Trading Available

Available

Available

Trailing Stop Loss

Available

Available

Expert Advisors

Not Available

Available

VPS

Not Available

Available

Market Maker

Available

Available

Trading Signals

Available

Available

Direct Market Access

Not Available

Not Available

ECN Broker

Not Available

Not Available

STP Broker

Available

Not Available

XM Broker Features

Trading Fees

eToro

XM Broker

Deposit Fee

No

No

Inactivity Fee

Yes

Yes

Withdrawal Fee

Yes

No

Commission

No

No

Min Trade

$25

0.01 Lot

Max Trade

20% of Equity

50 Lot

Min Deposit

$200

$5

0% Commission at eToro

Regulations

eToro

XM Broker

Regulated by the Financial Conduct Authority (FCA), Cyprus Securities, and Exchange Commission (CySEC).

Regulated by the International Financial Services Commission (IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).

Trading Platforms

eToro

XM Broker

Trading Platforms

Web Trader, Mobile and tablet apps

MT4, Mac, MT5, Web Trader, Tablet and Mobile apps

XM Broker

Forex Pairs

eToro allows trading in 47 currency pairs and 19 commodity/index CFDs. All the instruments can be traded on the short and long side but there are overnight and weekend holding charges.

XM Broker allows trading in 57 forex pairs and 1,210 stock CFDs from 17 countries. XM also offers access to 8 commodities via futures CFDs along with access to 18 cash indices CFDs and 12 futures indices CFDs. A trader can also trade in two spot metals instruments which are gold and silver along with 5 futures CFDs of energies.

Deposit & Withdrawal Methods

Deposit methods

eToro

XM Broker

Credit Card

Yes

Yes

Bank Transfer

Yes

Yes

PayPal

Yes

No

American Express

No

No

Skrill

Yes

No

Neteller

Yes

Yes

Bitcoin

No

No

eToro Deposit & Withdrawal Methods

Types of Account

eToro

XM Broker

Accounts

Demo account, VIP account, Micro account, Standard account, Islamic account

Demo account, Micro account, Standard account, Zero spread account, Islamic account

Supported Languages

eToro

XM Broker

Supported Languages

English, Spanish, German, French, and Italian

Arabic, Chinese, French, Greek, Hungarian, English, German, Hindi, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai and Turkish.

Customer Support

eToro

XM Broker

Different Modes of Support

Customer support available via live chat, call, and low-tech ticketing system

Support available via live chat, email and phone call

Availability of Support

Support available 24/5.

Support available 24/5

Languages

No mention of any languages

Customer support is available in 30 languages

Conclusion

For a trader who wants access to a wide range of services, eToro is a better platform while for a trader who is looking for a lower spread on currency pairs including EUR/USD then XM Broker may be right.