eToro vs XM, Updated for 2022
Read our In-Depth eToro vs XM Review - Updated for 2022
This eToro vs XM review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this eToro vs XM review does not apply to all countries as follows:
eToro Excluded Countries
Iran, Democratic Peoples Republic of Korea, Belgium, Canada, Japan, Syrian Arab Republic, Turkey, Israel, Belarus, Albania, Republic of Moldova, North Macedonia, Serbia, Guinea, Democratic Republic of the Congo, Sudan, Zimbabwe, Ethiopia, Ghana, Tanzania, Libya, Uganda, Zambia, Botswana, Rwanda, Tunisia, Somalia, Namibia, Togo, Sierra Leone, Liberia, Gambia, Djibouti, Ivory Coast, Pakistan, Brunei Darussalam, Taiwan, Province of China, Samoa, Nepal, Singapore, US Virgin Islands, Turkmenistan, Tajikistan, Uzbekistan, Sri Lanka, Trinidad and Tobago, Haiti, Myanmar, Bhutan, Marshall Islands, Maldives, Kazakhstan, Grenada, Fiji, Barbados, Bermuda, Bahamas, Antigua and Barbuda, Anguilla, Aruba, Lebanon, El Salvador, United States of America, Paraguay, Honduras, Guatemala, Puerto Rico, Nicaragua, British Virgin Islands, and Netherlands Antilles.
XM Excluded Countries
Canada, Israel, and United States of America.
Compare eToro vs XM
Every online trading system will have a few pros and cons, and no eToro and XM review would be complete without showing both sides. Compare eToro and XM to understand how they stack up against each other before you create an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a broker and are choosing between eToro or XM. Which one is best in 2022?
Our eToro vs XM comparison contains the most recent information so you can easily compare XM against eToro.
If you're a new entrant in the realm of trading and brokers, so many nuances will be confusing for you. Getting into the area of trading requires expert assessing skills and comprehensive understanding. You'll acquire adept at all of the concepts of brokerage since you continue trading. For starters, you need to choose the ideal broker who'll be clear with you always.
In this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally lead investment program has the potential to generate hefty returns. eToro and XM are two such platforms which will take you and your investment to great heights. It's crucial that you compare eToro vs XM before you trust them with your money.
Our eToro vs XM comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust eToro and XM side by side.
Our entire eToro vs XM Review covers all you need to learn about trading using either eToro or XM. A good broker can multiply your first investments and provide you favorable profits. If you would like to earn profits, you must trade with a broker service that contrasts with your investment goals.
There's absolutely no sure-fire method to guarantee profits; therefore, you should carefully assess your agent before you choose them. It's a frequent misconception that all agents are the same, but that's not true. Wrong judgment, initially, can put your investments at risk.
eToro and XM are both brokers that have paved their way successfully to the broker world. In this review, we've tried to collate a number of the important aspects of both eToro and XM. This review will allow you to know whether either XM or eToro is a good match for your own investments or not. We have tried to breakdown all the features and charges for your advantage.
Benefits of eToro and XM Compared
eToro offers a minimum deposit of $50 while XM has a $5 minimum deposit.
Why smaller minimum deposits are good and how eToro and XM compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
eToro has around 100 financial instruments whilst XM allows you to trade around 100 financial instruments on their platform.
The more financial instruments you can trade on the eToro and XM trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you should never want to miss out on a trading opportunity due to the limitations of eToro or XM.
eToro and XM Contact Details
Being able to contact an online trading platform simply is important. eToro and XM have the following contact details and social medias that you can use.
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| Broker | eToro | XM |
| Telephone Number | +357 250 29933 | |
| support@etoro.com | support@xm.com | |
| Address | 24th floor, One Canada Square, Canary Wharf, London, E14 5AB | 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus |
| eToro Twitter Account | XM Twitter Account | |
| eToro Facebook Page | XM Facebook Page | |
| eToro Instagram Account | XM Instagram Account | |
| eToro LinkedIn Page | XM LinkedIn Page | |
| YouTube | eToro YouTube Channel | XM YouTube Channel |
| Find Out More |
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XM and eToro Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
This part of comparing eToro and XM will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of the apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
While most brokers are good at this, there are some poor ones. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
eToro vs XM - Awards
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| Broker | eToro | XM |
| Awards |
eToro have won numerous industry awards over the time they have been operating as a financial broker. We detail the most recognised awards for eToro below.
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XM have won a lot of industry awards over the years they have been running as an online trading platform. We detail the most recognised awards for XM here.
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| Find Out More |
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eToro vs XM - Frequently Asked Questions
eToro vs XM - Headquarters And Year Of Founding
eToro was founded in 2007 and has its headquaters in Cyprus, UK.
XM was founded in 2009 and has its headquaters in Cyprus.
What is the minimum deposit for XM or eToro
The minimum deposit for eToro is $50.
The minimum deposit for XM is $5.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both eToro and XM are a good choice.
eToro vs XM - Regulation And Licencing In More Detail
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC).
XM is regulated by International Financial Services Commission(IFSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investment Commission (ASIC).
Both eToro and XM have a strong collection of rules for ensuring fair trading onto their platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their own privacy policies, client data is to not be shared with any other institutions or individuals. Including credit history and other financial details.
Compare eToro vs XM Commission And Fees
eToro and XM are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the companies of online brokerages are scaled much better. That is, an internet broker isn't necessarily affected by the amount of customers they have.
However, this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to earn money. There are mainly three types of fees for this objective.
The first kind of fees to keep an eye out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you are billed trading fees. In such cases, you're paying a spread, funding rate, or even a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the other hand, a spread refers to the difference between the buying and selling cost. Financing or overnight prices are people who are billed when you hold a leveraged position for longer than daily.
Aside from trading fees, online agents also charge non-trading fees. These are dependent on the activities you undertake in your accounts. They're billed for operations like depositing cash, not investing for long periods, or withdrawals.
In general, neither eToro or XM charge high fees compared to other online agents. For operations other brokers charge for, they do not charge a broker fee, or they charge a lesser sum. This can be beneficial for people who regularly exchange, for example weekly or daily trading.
But, non-trading fees charged by eToro and XM are comparatively competitive. Consequently, you're billed more for non-trading activities in your trading accounts, such as withdrawal and deposits. These aren't about the sale and purchase of resources.
This eToro vs XM review for 2022 breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees For eToro And XM
What Languages Do eToro And XM Support?
Being able to communicate completely with your online platform is a key way of comparing brokers to find your perfect trading partner. Not only for support but to be sure you understand everything on their site and inside their application as it is a key part of success when trading forex.
Below you can find the languages that both eToro and XM offer communication in.
How Many Clients Do eToro and XM Have?
Both eToro and XM are well established with their customer base. It is really important to work with an online broker that is reputable and one of the most simple ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many clients eToro and XM are active on their platform
What Payment Methods Do eToro and XM Accept?
eToro and XM both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at eToro and XM
What Can You Trade With eToro and XM?
eToro offers 100 trading instruments while XM offers 100.
Below you will find a full breakdown of what both eToro and XM offer.
Compare eToro To All Other Brokers
Compare XM To All Other Brokers