In 2024, XTB and eToro are among the top brokers internationally, each offering unique features for traders. This article compares them to help you choose the best platform for your needs.
Quick summary
Overview comparison table
| Highlights | XTB | eToro |
| Founded year | 2002 | 2007 |
| Regulatory entities | FCA, KNF, CySEC, DFSA and FSC | FCA, CySEC, ASIC |
| Trading instruments | Stocks, ETFs, and CFDs on stocks, Forex, indices, commodities, and cryptocurrenciesStocks and ETFs: Only available in the Czech Republic, Dubai, France, Germany, Italy, Poland, Portugal, Romania, Slovakia, Spain, South America, and the UK. | Stocks, ETFs, cryptos, and CFDs on stocks, ETFs, commodities, Forex, indices, and cryptocurrencies |
| Minimum deposit | €/$/£0 | From €/$/£10 |
| Trading platforms | xStation 5, xStation Mobile | eToro Web Trader, eToro App |
| Interest on cash | Up to 3.8% (EUR); Up to 5% (USD); Up to 5.2% (GBP) | Up to 4.8% (USD) |
| Stocks fees | Commission-freeUp to €100,000 of monthly volume; a 0.20% fee applies above that amount. | $1 or $2 per transaction |
| Social trading | ❌ | ✔️ |
| Demo account | ✔️ | ✔️ |
| Leverage | Up to 1:500 (varies by jurisdiction) | Up to 1:30 (retail), 1:400 (professional) |
Want to see a more in-depth comparison of eToro and XTB? Don’t worry – below, we dig deeper and compare eToro vs XTB in terms of fees, safety, products and more!
Feel free to also check our broker comparison tool page for a side-by-side comparison of eToro and XTB.
XTB overview
Founded in 2002, XTB is a major player in the brokerage industry with extensive worldwide experience, regulated by the Financial Conduct Authority (FCA) – plus other relevant regulatory bodies – and listed on the Warsaw Stock Exchange.
You can invest through xStation 5 and xStation Mobile in different investment products, such as stocks, ETFs, and CFDs on stocks, Forex, indices, commodities, and cryptocurrencies (this product offering may vary slightly from country to country).
It offers 0% commission on stocks and ETFs up to €100,000 of monthly volume and interest on uninvested cash (EUR and USD).
XTB pros and cons
Pros
- Free stocks trading (only applicable to some countries)
- Customizable trading platform (charts and workspace)
- Low Forex Spreads
- Demo account
- No minimum account deposit
- Valuable education materials
- Top-tier Regulators
Cons
- Complex trading platform for a beginner
- High Stock CFD spreads
- Limited product portfolio
- Withdrawal fees for transfers below $100
- Inactivity fee (€10/monthly after 1+ year with no activity plus no deposit in the last 90 days)
eToro overview
Founded in 2007, eToro is an international online broker with over 30 million users who can trade over 3,000 financial assets, including stocks, ETFs, cryptos, and CFDs on stocks, ETFs, commodities, Forex, indices, and cryptocurrencies.
ETFs are traded commission-free, as a whole, or fractional shares (other fees apply). US, EU and UK stocks have a commission of $1 per trade.
eToro’s investment platform, accessible through both web and mobile platforms, is a social trading hub. Here, investors can engage in discussions about investments, speculations, and market news with fellow investors.
eToro pros and cons
Pros
- Low stock trading fees (from $0 per trade)
- Commission-free ETFs (other fees apply)
- Social trading and other innovative products
- Wide variety of financial products
- Slick, modern, and easy for anyone to use
- European users have access to three account currencies: EUR, USD and GBP
- Top tier regulators
Cons
- Limited disclosed financial information
- Withdraw and inactivity fees
- Spread, overnight, inactivity, and currency conversion fees higher than average
- Doesn’t offer bonds, futures, or options
Safety
| Safety indicators | XTB | eToro |
| Regulatory Authorities | FCA, KNF, CySEC, DFSA and FSC | FCA, CySEC, ASIC |
| Investor protection | Up to €20,000 (EU clients); Up to £85,000 (UK clients) | Up to €20,000 (EU clients); Up to £85,000 (UK clients) |
| Private insurance | ❌ | Yes, covers losses of up to 1 million euros/AUD |
| Asset segregation | ✔️ | ✔️ |
| Negative balance protection | ✔️ | ✔️ |
| Licenses | Multiple jurisdictions | Multiple jurisdictions |
| Listed on exchange | Yes (Warsaw stock exchange) | ❌ |
| Transparency | High | Average |
Both XTB and eToro are regulated by reputable authorities, ensuring client fund protection. XTB, however, offers the highest transparency since it is listed on the Warsaw stock exchange which results in tighter public scrutiny over its financial statements.
Investment products
| Financial products | XTB | eToro |
| Stocks | ✔️ 3,600+ global stocks (real and CFDs) | ✔️ 4,500+ global stocks (real and CFDs) |
| ETFs | ✔️ 350+ ETFs (real and CFDs) | ✔️ 650+ ETFs (real and CFDs) |
| Cryptocurrencies | ✔️ 45+ (CFDs) | ✔️ 95+ crypto assets (Direct and CFDs) |
| Forex | ✔️ 70+ currency pairs (CFDs) | ✔️ 55 currency pairs |
| Indices | ✔️ 30+ indices (CFDs) | ✔️ 18 indices (CFDs) |
| Commodities | ✔️ 25+ commodities (CFDs) | ✔️ 30+ commodities (CFDs) |
| Options | ❌ Not available | ❌ Not available |
| Bonds | ❌ Not available | ❌ Not available |
eToro offers the highest number of overall investment markets.
However, we do not find it “critical” since XTB is also present in the major markets (US, EU, UK, and Asia).
Additionally, eToro is best for investors looking for cryptocurrencies, since XTB only offers cryptos through CFDs (a derivative), and not real cryptos.
Trading platforms
| Features | XTB | eToro |
| Trading platforms | xStation 5, xStation Mobile | eToro Web Trader, eToro App |
| Ease of use | User-friendly, customizable | Very user-friendly, ideal for beginners |
| Tools/indicators | Over 30 technical indicators and tools | More than 70 indicators, copy trading functionality |
| Mobile trading | xStation Mobile app available | eToro Mobile app available |
| Charting | Advanced, multiple timeframes | Robust, though less advanced than xStation 5 |
XTB’s xStation 5 is more advanced with better charting tools, while eToro offers an unparalleled social trading experience, making it ideal for beginners and those who prefer copy trading.
Fees & comissions
| Fee type | XTB | eToro |
| Stocks (US, EU and UK) | Commission-freeUp to €100,000 of monthly volume; a 0.20% fee applies above that amount. | $1 per trade$2 for people from Australia and New Zealand. |
| ETFs | Commission-freeUp to €100,000 of monthly volume; a 0.20% fee applies above that amount. | Commission-free (other fees apply) |
| Crypto | Not applicable | 1% |
| Currency conversion fee | 0.50% | 0.75% |
| Spreads | From 0.1 pips (Forex) | From 1.0 pips (Forex) |
| Social trading | Not applicable | No extra fees |
| Withdrawal fees | Free over €/$/£100 | $5 per withdrawal |
| Inactivity Fee | €/$/£10 after 12 months inactivity | €/$/£10 after 12 months inactivity |
XTB offers more competitive spreads and lower overall fees, while eToro’s fee structure is simpler but higher in certain areas, such as stock transactions fees for lower amounts and withdrawal fees.
Customer support
XTB
- Offers 24/5 multilingual customer support via live chat, phone, and email;
- Comprehensive help center and educational resources are available;
- Account managers assigned to clients.
eToro
- Offers customer support via live chat and a ticket system, but only available during trading hours;
- Provides a detailed FAQ and help section but lacks phone support;
- Slow response times compared to XTB.
How to invest in the S&P 500 on XTB and eToro
Want to learn how to invest in the S&P 500 in both platforms?
Check our step-by-step videos, where we show you how to place your trade using both apps. It might be useful to get a feel of both companies before deciding which one to use!
Bottom line
All in all, choose XTB if you want a more professional trading environment, competitive fees, and excellent customer service.
Choose eToro if you’re interested in social trading or want a beginner-friendly experience with a broader range of trading instruments such as cryptocurrencies.
Ultimately, the “best” platform depends on your trading style, experience level, and preference for social trading or advanced trading tools.
Want to learn more about other brokers? Check out our in-depth broker reviews, comparison table, and BrokerMatch tool to find the best option for you!
