Compare Brokers
We help you pick the best broker for your needs with our broker comparison tool. Select 2 brokers and see exactly what makes them different.
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eToro USA
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XM
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eToro is a platform for social investing that provides options for both short and long-term trading on stocks, ETFs, options, and crypto. The platform is recognized for its easy-to-use, community-oriented interface and reasonable fees. With oversight from FINRA and SIPC, and used by millions globally, eToro is a reputed name in the industry. Trading on eToro is facilitated by eToro USA Securities, Inc. | XM is a global forex and CFD broker with over 15 million clients in more than 190 countries. Since 2009, it has offered low trading fees on over 1000 instruments. The broker is well-regulated by authorities such as ASIC, CySEC, DFSA, and SCA in the UAE, and provides a full MetaTrader experience. | |
| Instruments | Stocks, Options, ETFs, Crypto | CFDs, Forex, Stocks, Commodities, Indices, Thematic Indices, Precious Metals, Energies |
| Demo Account | ✓ | ✓ |
| Minimum Deposit | $100 | $5 |
| Trading Platforms | eToro Trading Platform & CopyTrader | MT4, MT5, TradingCentral |
| Payment Methods | ACH Transfer, Debit Card, PayPal, Wire Transfer | Apple Pay, Credit Card, Debit Card, Google Wallet, M-Pesa, Neteller, Perfect Money, Skrill, TransferWise, Visa, Wire Transfer |
| Minimum Trade | $10 | 0.01 Lots |
| Regulator | SEC, FINRA | CySEC, DFSA, SCA, FSCA, FSA, FSC Belize, FSC Mauritius, CMA |
| Account Currencies | USD | USD, EUR, GBP, JPY |
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| Mobile Apps | iOS & Android | iOS, Android & Windows |
| App Review | XM provides a mobile app for Android and iOS, optimized for each system. The app includes MT4 and MT5, offering full access to over 1,000 instruments. It is highly reliable with minimal issues. Built-in news, trading journal, and push notifications equip you with all the necessary tools for trading on the go. | |
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| Margin Trading | ✓ | ✓ |
| Margin Rate | 8.33% | 0.2% |
| Account Types | STP | |
| AI / Machine Learning | ✗ | ✓ |
| Robo Advisor | ✗ | ✗ |
| Negative Balance Protection | ✗ | ✓ |
| Market Maker | ✗ | ✓ |
| P2P Trading | ✗ | ✗ |
| Spot Trading | ✗ | ✓ |
| Auto Trading | ✗ | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | ✓ | ✓ |
| Copy Trading Platform | With eToro US's top copy trading service, you can replicate the positions and strategies of up to 100 traders. eToro offers more portfolio control than many rivals, letting you stop or pause a copied trade anytime. Pricing is competitive, needing just $1 to copy a position. eToro copy trading is only for crypto. | XM provides copy trading through its user-friendly app, featuring exclusive crypto pairs. XM global also offers a built-in signals service on the MT5 platform. Traders can access detailed performance metrics and replicate the trades of strategy managers. The setup is straightforward, requiring just a few steps after logging into your MQL5 community account. |
| Social Trading | ✓ | ✓ |
| Trade Signals | ✗ | ✓ |
| VPS Hosting | ✗ | ✓ |
| Tournaments | ✗ | ✓ |
| Demo Competitions | ✗ | ✓ |
| Ethical Investing | ✓ | ✗ |
| Custodial Account | ✗ | ✗ |
| Guaranteed Stop Loss | ✗ | ✗ |
| Inactivity Fee | $10 | $5 |
| Islamic Account | ✗ | ✓ |
CFD Trading | ||
XM provides CFD traders with flexible leverage and a wide range of markets, including custom indices for sectors like artificial intelligence. The MT4/MT5 platforms are fast and reliable, and traders using algorithmic strategies can access a free VPS. | ||
| Leverage | 1:10001:30 | |
| FTSE Spread | 1.4 | |
| GBPUSD Spread | 0.8 | |
| Oil Spread | 0.03 | |
| Stocks Spread | $0 | 0.002 |
Forex Trading | ||
XM provides a wide range of currency pairs without re-quotes or hidden fees. Spreads have decreased over time, starting at 0.8 pips on the EUR/USD in the commission-free account. | ||
| GBPUSD Spread | 0.8 | |
| EURUSD Spread | 0.8 | |
| EURGBP Spread | 1.5 | |
| Assets | 55+ | |
| Currency Indices | USD | |
Cryptocurrency Trading | ||
eToro US provides 24 cryptoassets for trading, charging only a 1% fee plus the spread. The broker also offers 80 different coins through its wallet service. Switch between live and demo modes to practice crypto strategies. Cryptocurrency investing involves high volatility and is unregulated. Taxes on profits may apply. | XM offers a few cryptocurrencies against the USD through its South African entity. These can be traded as CFDs with leverage up to 1:500, increasing both potential returns and losses. You can trade major tokens like Bitcoin, Ethereum, and Ripple, but there are fewer tokens compared to over 120 crypto derivatives at Eightcap. | |
| Crypto Spread | BTC 0.75% | Variable |
| Crypto Coins | BTC, ETH, BCH, DASH, LTC, ETC, MIOTA, XLM, EOS, NEO, ZEC, XTZ, MKR, COMP, LINK, UNI, YFI, DOGE, AAVE, ALGO, MANA, ENJ, BAT, MATIC, FLR, SHIBxM | BTC, ETH, LTC, XRP, BCH |
| Crypto Lending | ✗ | ✗ |
| Crypto Mining | ✗ | ✗ |
| Crypto Staking | ✗ | ✗ |
| Auto Market Maker | ✗ | ✗ |