eToro vs XTB: deposit, leverage, spreads and platforms
How much do you need to start?
First deposit $10 to $10,000 depending on region vs No minimum deposit (XTB International)
minimum deposit at eToro, then XTB, in their own words.
Read · both brokers' own pages · Link to this fact
CFD risk warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Data, not advice.
eToro
- Minimum deposit
- First deposit $10 to $10,000 depending on region
- Maximum leverage (retail)
- Spread, standard account
- Currency CFDs from 0.002% per trade (EUR/USD 0.005%)
- Platforms
- Swap-free (Islamic) account
XTB
- Minimum deposit
- No minimum deposit (XTB International)
- Maximum leverage (retail)
- 1:500
- Spread, standard account
- 0% commission on CFDs
- Platforms
- XTB's own platform: web app, desktop and mobile
- Swap-free (Islamic) account
- Yes, for specific periods and not all products
eToro and XTB, fact by fact
| Fact | eToro | XTB |
|---|---|---|
| Minimum deposit | First deposit $10 to $10,000 depending on region+1 more In fulletoro.comFirst deposit $10 to $10,000 depending on region; later deposits $50 minimum ($500 by wire)Depending on your region and country regulations, the minimum first-time deposit to private accounts varies between $10 and $10,000.… All deposits other than the First Time Deposit (which varies from country to country) are required to be at least $50. For deposits made by wire transfer, the minimum required is $500.· etoro.com, read | No minimum deposit (XTB International) Sourcextb.comMinimum deposit No minimum deposit· xtb.com, read |
| Maximum leverage (retail) | 1:500+1 more | |
| Spread, standard account | Currency CFDs from 0.002% per trade (EUR/USD 0.005%) Sourceetoro.comFrom 0.002% Per Trade… EUR/USD 0.005 % Per Trade· etoro.com, read | 0% commission on CFDs; minimum spread 0.7 stated on the swap-free account page Sourcextb.comCommission for trading CFDs 0% Maximum leverage 1:500 Margin table Minimum spread 0.7· xtb.com, read |
| Platforms | XTB's own platform: web app, desktop and mobile (iOS, Android) Sourcextb.comOur platform is available on desktop and mobile (iOS and Android).· xtb.com, read | |
| Account types | Standard account; swap-free account (opened as an additional account) Sourcextb.comThe standard account offers competitive spreads with no commissions.… You need to open an additional swap free account via account portal.· xtb.com, read | |
| Swap-free (Islamic) account | Yes, for specific periods and not all products; opened as an additional account Sourcextb.comSwap free accounts are available for specific periods and not all products… You need to open an additional swap free account via account portal.· xtb.com, read | |
| Copy trading and trade copiers | Yes: CopyTrader, no extra charge+1 more In fulletoro.comYes: CopyTrader, no extra charge; $200 minimum to copy a trader, up to 100 tradersNo additional charges for using the CopyTrader feature… build a team of up to 100 traders… The minimum amount required to copy a trader is $200.· etoro.com, read | |
| Ways to deposit | eToro Money, credit/debit cards, PayPal, Neteller, Skrill, iDEAL, bank…+1 more In fulletoro.comeToro Money, credit/debit cards (Visa, Mastercard, Maestro), PayPal, Neteller, Skrill, iDEAL (Netherlands), bank transfer, Trustly online banking (Sweden, Norway), Przelewy 24 (Poland); availability varies by countrySupported cards: Visa, MasterCard, Visa Electron and Maestro.… Must have an active PayPal account… If you don’t have a Neteller account… If you don’t have a Skrill account… There is no need to register with Ideal to make a deposit… Online Banking – Trustly (EU region)… Przelewy 24… BANK TRANSFER· etoro.com, read | Cards, bank transfer, online payments incl. Skrill and Neteller In fullxtb.comCards, bank transfer, online payments incl. Skrill and Neteller (XTB International)Payments Deposits Cards Bank transfer Online payments… USD Skrill 2% USD Neteller 1%· xtb.com, read |
| Account currencies | USD account for all clients+1 more In fulletoro.comUSD account for all clients; local currency accounts GBP, EUR, AUD, DKK where eligibleWith etoro, all clients can hold funds in a USD account. Eligible clients can also hold funds in a local currency account… Local accounts currently available: GBP, EUR, AUD and DKK· etoro.com, read | |
| Deposit and withdrawal fees | Withdrawal free from local currency accounts+2 more In fulletoro.comWithdrawal free from local currency accounts; $5 from USD account ($30 minimum); conversion fees varyFor withdrawals from local currency accounts to an external account, no fee is charged .… For withdrawals from a USD investment account to external accounts, etoro charges a fixed $5 fee… Minimum withdrawal amount: $30 from a USD account· etoro.com, read | Deposits free by card and bank transfer+2 more In fullxtb.comDeposits free by card and bank transfer; Skrill 2%, Neteller 1%; withdrawals free above 50 USD, 30 USD below 50 USD (XTB International)USD Skrill 2% USD Neteller 1%… Withdrawal above 50 USD Free Withdrawal below 50 USD 30 USD· xtb.com, read |
| Inactivity fee | Free (fees page) Sourceetoro.comInactivity fee Free… etoro Club members are eligible for discounts or exemptions on fees based on their Club tier· etoro.com, read | 10 EUR a month if no transaction in 365 days Sourcextb.comMaintaining an account at XTB is free, provided that at least one purchase or sale transaction has been made within 365 days. Otherwise, a monthly fee of 10 EUR will be charged.· xtb.com, read |
| Negative balance protection | Yes on the UK site+1 more In fullxtb.comYes on the UK site (XTB Limited); international site says 'Losses can exceed deposits'Negative balance protection Available· xtb.com, read | |
| What you can trade | 12,200+ instruments incl. stocks, ETFs and CFDs+1 more In fullxtb.com12,200+ instruments incl. stocks, ETFs and CFDs; Stocks 7,000+, ETFs 2,400+, 2,600+ leveraged CFDs (commodities, indices, forex, crypto)access to 12200+ instruments including stocks, ETFs and CFDs… More than 7000 assets from Europe and the United States… More than 2400 American and European… 2600+ leveraged instruments· xtb.com, read | |
| Regulators, as the broker states them | CySEC, FCA, ADGM FSRA, ASIC, FSA Seychelles, MAS, SEC/FINRA, FinCEN and… In fulletoro.comCySEC (licence 109/10), FCA (FRN 583263), ADGM FSRA, ASIC (AFSL 491139), FSA Seychelles (SD076), MAS (CMS101824), SEC/FINRA (US securities), FinCEN and NYDFS (US crypto)under licence number 109/10… Firm Reference Number: 583263… Financial Services Regulatory Authority (“FSRA“)… Australian Financial Services Licence number: 491139… under the Securities Act 2007 License number: SD076… (Licence number: CMS101824) with the Monetary Authority of Singapore… member of the Financial Industry Regulatory Authority (FINRA/CRD #298361)… conducts business involving virtual currency by the New York Department of Financial Service· etoro.com, read | FSC Belize+3 more In fullxtb.comFSC Belize (XTB International); KNF Poland (XTB S.A.); FCA UK (XTB Limited); CNMV Spain (XTB Sucursal)authorized by the Financial Services Commission of Belize (FSC) under Registration No. 6442514… regulated by the Komisja Nadzoru Finansowego (KNF) in Poland… authorised and regulated by the Financial Conduct Authority in United Kingdom… regulated by the Comisión Nacional del Mercado de Valores in Spain· xtb.com, read |
| Companies | eToro Ltd, eToro Ltd, eToro Limited, eToro AUS Capital Limited, eToro… In fulletoro.comeToro (Europe) Ltd (Cyprus), eToro (UK) Ltd, eToro (ME) Limited (Abu Dhabi), eToro AUS Capital Limited, eToro (Seychelles) Ltd, eToro Singapore Pte. Ltd., eToro USA LLC / eToro NY LLC (crypto), eToro USA Securities Inc. (US securities)etoro (Europe) Ltd, is authorised and regulated by the Cyprus Securities Exchange Commission (CySEC) under licence number 109/10.… etoro (UK) Ltd, is authorised and regulated by the Financial Conduct Authority… etoro (ME) Limited, is licensed and regulated by the Abu Dhabi Global Market… etoro AUS Capital Limited(“ etoro Australia ”) is regulated by the Australian Securities & Investments Commission… etoro (Seychelles) Ltd. is licenced by the Financial Services Authority Seychelles… etoro Singapore Pte. Ltd. is registered as a Private Company Limited by Shares… etoro USA Securities Inc. is a broker-dealer registered with the U.S. Securities and Exchange Commission· etoro.com, read | XTB International Limited+1 more In fullxtb.comXTB International Limited (Belize); XTB Group: XTB S.A. (Poland), XTB Limited (UK), XTB Sucursal (Spain)XTB International Limited is a limited liability company established in Belize… XTB Group includes but is not limited to following entities: XTB S.A. is authorised and regulated by the Komisja Nadzoru Finansowego (KNF) in Poland XTB Limited is authorised and regulated by the Financial Conduct Authority in United Kingdom XTB Sucursal is authorised and regulated by the Comisión Nacional del Mercado de Valores in Spain· xtb.com, read |
| US access | yes, for stocks, options and crypto through eToro USA entities+2 more In fulletoro.comyes, for stocks, options and crypto through eToro USA entities; crypto not available in Hawaii, Nevada, Puerto Rico, US Virgin Islands; CFDs for US not statedSecurities trading is offered by etoro USA Securities Inc., member of FINRA and SIPC… Crypto trading is offered by etoro USA LLC or etoro NY LLC… is not available in HI, NV, Puerto Rico and the US Virgin Islands· etoro.com, read | |
| Restricted countries | New users from Spain cannot trade CFDs (since 2 Aug 2024) Sourceetoro.comFrom August 2, 2024, in line with guidance from the National Securities Market Commission (CNMV), new users from Spain will not be able to trade CFDs.· etoro.com, read | Brazil (international site states it is not for investors residing in Brazil) Sourcextb.comThis page was not created for investors residing in Brazil.· xtb.com, read |
Where each takes clients
| Country | eToro | XTB |
|---|---|---|
 Bangladesh | Unclear We hold no country list or Bangladesh licence for eToro. | No Bangladesh is not on XTB's own list of countries it accepts. |
 India | No judged The RBI Alert List names eToro among forex platforms. | No India is not on XTB's own list of countries it accepts. |
 Indonesia | Unclear We hold no country list or Indonesia licence for eToro. | No Indonesia is not on XTB's own list of countries it accepts. |
 Kenya | Unclear We hold no country list or Kenya licence for eToro. | No Kenya is not on XTB's own list of countries it accepts. |
 Malaysia | Unclear We hold no country list or Malaysia licence for eToro. | Yes Malaysia is on XTB's own list of countries it serves. |
 Nigeria | Unclear We hold no country list or Nigeria licence for eToro. | No Nigeria is not on XTB's own list of countries it accepts. |
 Pakistan | Unclear We hold no country list or Pakistan licence for eToro. | No Pakistan is not on XTB's own list of countries it accepts. |
 South Africa | Unclear We hold no country list or South Africa licence for eToro. | Yes South Africa is on XTB's own list of countries it serves. |
 the UAE | Yes judged eToro's own page names a licence in the UAE: etoro (ME) Limited, FSRA (Abu Dhabi). | Yes judged XTB names a company for the UAE: XTB MENA LIMITED. |
 the UK | Yes judged eToro's own page names a licence in the UK: etoro (UK) Ltd, FCA. | Yes XTB names a company for the UK: XTB UK. |
 the US | Unclear We hold no country list or the US licence for eToro. | No The US is not on XTB's own list of countries it accepts. |