eToro vs XM: which broker is better in 2026?

We compare eToro and XM — two forex & CFD brokers — side by side across regulation, fees, platforms, minimum deposit, and our editorial scores. Both score evenly overall — the right choice depends on which criteria matter most to you.

Side-by-side comparison

CriteriaeToroXM

Overall score 3.6 3.6

Regulation & safety 4.0 3.0

Fees & deposit 3.0 3.5

Platform & assets 4.0 4.0

User support 3.5 4.0

Trust score75/10069/100

Minimum depositVaries by account type — check the official siteVaries by account type — check the official site

Demo accountAvailableAvailable

PlatformsProprietary web platform, iOS/Android mobile appMetaTrader 4, MetaTrader 5, XM app

Fee modelSpread model for CFDs, different fees for real stocks — details not yet verifiedStandard / ultra-low spread; figures vary

Pros & cons

eToro

Publicly listed (Nasdaq: ETOR) & supervised by many regulators (CySEC, FCA, ASIC, FinCEN)
Signature social & copy trading features — access to real stocks, ETFs, crypto, and CFDs
Modern, beginner-friendly interface

Fee structure (spread + withdrawal/conversion fees) tends to be higher than low-cost brokers
Copy trading doesn't guarantee results — a copied trader's past performance is no guarantee of the future
Leveraged CFD products remain high-risk

Very large client base, strong multilingual education & support
MT4/MT5 + many instruments
CySEC license for the EU entity

Many retail clients via the offshore entity (Belize) — weaker protection
Standard spread is not the cheapest
Leverage is high-risk

Regulation at a glance

eToro

Operates multiple entities supervised by CySEC (EU), FCA (UK), FinCEN (US), Bank of Spain & CySEC (Spain), and licensed by the Abu Dhabi financial authority (FSRA). Its EU entity received a CySEC license for crypto services under MiCA regulation as of February 2025.

Trading Point group — regulated by CySEC (Cyprus), ASIC (historically), DFSA (Dubai), FSC (Belize), FSCA (South Africa). Many retail clients via the offshore entity (Belize).