eToro is a top-rated multi-asset platform which offers trading services in thousands of CFDs, stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. The brand is particularly popular for its comprehensive social trading platform. Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 76% of retail CFD accounts lose money.
Founded in 2002 in Poland, XTB now serves more than 935,000 clients. The forex and CFD broker combines a heavily regulated trading environment with an extensive selection of 5,600+ assets and a commitment to trader satisfaction, featuring an intuitive in-house platform with superb tools to support aspiring traders.
76% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
77% of retail accounts lose money.
Pros
The copy trading app facilitates a best-in-class social environment, with an engaging social feed and community chat
The broker's services are great for beginners, with commission-free stock trading, a low minimum deposit and an unlimited demo
Charts are powered by TradingView and offer strong technical analysis features, including 9 chart types and over 100 indicators
There's a comprehensive online training academy with accessible resources, from bitesize articles to comprehensive courses
eToro has bolstered its investment offering, most recently with new crypto assets, now offering over 90 digital currencies
The web platform and mobile app perform better in user reviews and app rankings than top competitors, including AvaTrade
Top copy traders can receive annual payments up to 1.5% of assets under copy in the broker's Popular Investor Program
Exciting investment portfolios are available covering traditional market trends as well as tech, crypto and more
eToro is a world-renowned brand with top-tier global regulation and a 25M+ user community
With over 5,600 instruments across forex, stocks, indices, ETFs, commodities, and cryptocurrencies, including CFDs, share dealing and more recently Investment Plans, XTB caters to both short-term traders and longer-term investors.
The xStation platform continues to impress with its user-friendly interface and intuitive features, including customizable news feeds, sentiment heatmaps, and trader calculator, reducing the learning curve for newer traders.
With an excellent range of educational materials, including training videos and articles integrated into the platform, XTB supports traders at all levels.
XTB has started offering interest on uninvested balances (up to 5% on $30K+) with lower requirements than brokers like eToro (up to 5% on $50K+).
Opening an XTB account is a hassle-free, entirely online process that takes just a few minutes, making the entry into trading smooth for new traders.
First-class 24/5 customer support is available, including a friendly live chat with response times of under two minutes during testing.
XTB offers fast withdrawals with same-day payments if requested before 1 pm, ensuring traders have quick access to their funds.
Cons
The lack of additional charting platforms like MT4 will reduce the appeal for seasoned traders accustomed to using third-party software
There are no guaranteed stop loss orders which would be a useful risk management feature for beginners
There is a $30 minimum withdrawal amount and a $5 fee, which will affect novices with low capital
Traders will face currency conversion fees for account denominations other than USD
There are limited contact methods aside from the in-platform live chat
XTB does not offer a raw spread account, which is becoming increasingly common among competitors like Pepperstone, and may disappoint traders looking for the tightest spreads.
The demo account expires after just four weeks, a serious limitation for traders who wish to thoroughly test the xStation platform and practice short-term strategies before committing real funds.
XTB discontinued support for MT4, limiting traders to its proprietary platform, xStation, potentially deterring advanced traders familiar with the MetaTrader suite.
Trading fees are competitive with average spreads of around 1 pip on the EUR/USD but still trail the cheapest brokers like IC Markets, plus there's an inactivity fee after 12 months.
The research tools at XTB are good but could be great if they went beyond in-house features with access to leading third-party tools such as Autochartist, Trading Central and TipRanks.
Not being able to adjust the default leverage level of XTB products is frustrating, as manual adjustment can significantly mitigate trade risk, especially in forex and CFD trading.
Awards
Best Cryptocurrency Trading Platform 2022 - Finder
eToro bring their social trading platform to your mobile, enabling you to copy trades, manage your account and invest via Android or iOS. Trade the key forex pairs from the palm of your hand.
Year after year XTB’s app stands out for its slick design and uncluttered interface that we love. It’s quick, responsive and packed with useful features, notably integrated sentiment data, market news, economic calendars and education. The user-friendly order panel underneath the trading chart also makes placing trades, including adding take profit and stop loss levels, really straightforward.
iOS App Rating
4.8
4.7
Android App Rating
4
4.1
Margin Trading
Yes
Yes
Margin Rate
1%
4.5%
MetaTrader 4
No
No
MetaTrader 5
No
No
cTrader
No
No
AlgoTrader
No
No
OmniTrader
No
No
TradingView
No
No
Autochartist
No
No
eSignal
No
No
Trading Central
Yes
No
STP Account
Yes
Yes
ECN Account
No
No
DMA Account
No
Yes
MAM Account
No
No
PAMM Account
No
No
LAMM Account
No
No
Demat Account
No
No
AI / Machine Learning
Yes
No
Robo Advisor
No
No
Negative Balance Protection
Yes
Yes
Market Maker
Yes
No
P2P Trading
No
No
Spot Trading
Yes
Yes
Auto Trading
Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do.
Open API
Copy Trading
Yes
No
Copy Trading Platform
eToro continues to deliver one of the best proprietary copy trading platforms on the market, at no additional cost for eToro clients. The web-based platform features a user-friendly and interactive layout and also comes with a community chat, making it a stand-out choice for beginners.
Social Trading
Yes
No
Trade Signals
Yes
Yes
VPS Hosting
No
No
Tournaments
No
No
Demo Competitions
No
No
Ethical Investing
Yes
Yes
Custodial Account
No
No
Guaranteed Stop Loss
No
Yes
Inactivity Fee
$10
$0
Islamic Account
Yes
Yes
Account Currencies
USD
USD
EUR
GBP
HUF
Commodities
Gold
Silver
Oil
Copper
Cotton
Coffee
Livestock
Wheat
Precious Metals
Platinum
Gasoline
Cocoa
Sugar
Palladium
Corn
Aluminium
Soybeans
Nickel
Lead
Iron
Lithium
Cannabis
Natural Gas
Orange Juice
Zinc
Gold
Oil
Silver
Copper
Cotton
Sugar
Precious Metals
Gasoline
Cocoa
Coffee
Natural Gas
Nickel
Soybeans
Aluminium
Livestock
Corn
Palladium
Platinum
Wheat
Zinc
CFD
You can trade CFDs on over 3,000 assets and access rich market data through the integrated TradingView charts. There are also comprehensive free learning tools available for beginners via the eToro Academy, including dedicated CFD trading courses and guides.
XTB offers a huge selection of more than 2,100 CFDs spanning forex, indices, commodities, stocks, ETFs, and cryptos (location-dependant). Leverage up to 1:30 is available in the EU and UK, while global clients and pro traders can access up to 1:500. XTB stands out for its CFD trading resources and tutorials to assist traders in developing short-term trading strategies.
Leverage
1:30
1:30
FTSE Spread
1.5
1.8
GBPUSD Spread<
1.9
1.4
Oil Spread
0.05
0.03
Stocks Spread
0.57 (Apple)
0.2%
Forex
An above-average selection of 55 currencies are available with reasonable spreads averaging 0.9 pips on EUR/USD during peak hours. Aspiring traders can continuously hone their forex strategies by switching between demo mode and their live account any time, with full access to the broker's 100+ technical indicators.
XTB provides access to 70+ currency pairs with low spreads averaging around 1 pip on majors. The xStation platform offers an intuitive environment for forex traders with an excellent charting package encompassing 30+ indicators, plus a range of order types, catering to various strategies and risk management techniques.
Assets
55
70+
GBPUSD Spread
1.9
1.4
EURUSD Spread
0.9
1.0
EURGBP Spread
1.3
1.4
Currency Indices
USD
Cryptocurrency
eToro leads the way in cryptocurrency trading, offering competitive spreads and a fixed 1% commission, plus their own wallet service. The broker offers a vast list of 95+ tokens which is continually being updated. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
XTB offers an excellent selection of cryptos with more than 50 digital currencies. Spreads are tight starting from 0.22% on BTC and leverage reaches 1:5. The xStation platform also provides intra-crypto pairs like ETH/BTC and DSH/BTC. With the capability to trade cryptos 24/7, XTB ensures a secure environment with transparent accounts for cryptocurrency trading.
76% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.