eToro vs XTB – Which is the better trading platform?

Table of Contents

eToro vs XTB: Expert Summary

By Alex King, Chartered Accountant and Founder of Generation Money

eToro is our winner. It has more innovative features (e.g. CopyTrader) and is cheaper for CFD trading across many instruments. eToro also allows you to invest in cryptocurrencies.

XTB is still a great platform, though, offering a similar number of instruments as eToro. It also pays highly competitive interest rates on uninvested cash.

eToro is a multi-asset investment platform. The value of your investments may go up or down. Capital at risk if you invest. FCA regulated and FSCS protected.

In this investment platform comparison we’ll be looking at eToro vs XTB

Both eToro and XTB are trading platforms offering thousands of stocks, commodities and other instruments to invest in.

eToro vs XTB - which is the best trading app?

We’ll be comparing eToro and XTB against a number of metrics to see which comes out on top. This includes investment options, features, their respective apps, products and, of course, fees.

Whether you’re a trader or investing for the long term, expensive fees can eat into your returns over time. With more than 30 years combined experience as investors and finance pros, we know how important it is to balance costs against returns!

Read on for our full eToro vs XTB comparison, or use the table of contents to jump straight to a particular section.

Table of Contents

eToro vs XTB: At A Glance

Here’s our overview of XTB vs eToro in case you don’t want to read the whole comparison.

The table below looks at the key features compared against each other.

eToroXTB
Fees / Platform ChargesNo subscriptions / platform / management fees or dealing commission. 

Instead, following fees apply:
Market spread on all trades (difference between bid and ask price), varies by asset being traded

Daily financing fees on all CFD trades kept open overnight (inc. weekends), exact fee depends on asset being traded (we show you examples below)

FX conversion fee on all non-US dollar withdrawals & deposits. This fee is in pips and depends on the method of transaction, e.g. bank transfer is 50 pips (0.50%) mark up on the spot FX rate

Withdrawal fee of $5 on all withdrawals (deposits are free)Inactivity fee of $10 per month if no login after 12 months
No subscription / platform / management fees, or dealing commision. 

Instead, following fees apply:
Market spread on all trades (difference between bid and ask price), varies by asset being traded

Note: 0.20% commission applies if you trade more than 100,000 euros of instruments per month

CFD fees:
Spread of 0.30% on Stocks and ETF CFDs. Spread on FX, Commodities and Indices varies by instrument

Daily financing fees on all CFD trades kept open overnight (inc. weekends), exact fee depends on asset being traded (we show you examples below)

0.50% FX conversion fee on each order placed in a currency other than the currency of your account

Deposits are free via bank transfer and credit/debit card. £5 fee on withdrawals of less than £50. Withdrawals over £50 are free

Inactivity fee of 10 euros per month if no login after 12 months
Minimum InvestmentMinimum first time deposit of $100
Minimum deposit after this is $10
Minimum investment of $500 for Smart Portfolios
£10 or £15 for an Investment Plan
Products / AccountsTrading Account
Pro Account
eToro Money Account
Demo Account
Trading Account
Professional Trading Account
Demo Account
Ready-Made Portfolios65+ Smart Portfolios based on different themesInvestment Plans
Ready-Made Portfolio FeesNo additional fees for Smart PortfoliosNo additional fees on Investment Plans
Ethical Portfolios/FundsESG-Leaders fund ESG-friendly ETFs
Fractional SharesYesYes
Interest On Uninvested CashNoYes
Other FeaturesCopyTrader
Social Trading Community
xStation desktop trading platform
DIY PortfolioYesYes
Investment OptionsOver 5,000 instruments, including:
Shares
ETFs
Cryptocurrencies
Commodities
FX
CFDs on all of the above
Over 5,700 instruments, including:
Shares
ETFs
Cryptocurrencies
Commodities
FX
CFDs on all of the above
FCA RegulatedYesYes
FSCS ProtectionYesYes
Trustpilot reviews4.33.8

eToro is our overall winner. Read on for all the details on why it’s our pick.

eToro

eToro is our top-rated investment app, it’s easy to use, has lots of innovative features and allows you to trade commission-free.

Capital at risk if you invest.

What is eToro?

Founded in 2007 in Israel, eToro has become one of the most popular trading platforms in the world.

It now has over 20 million users across the globe and is popular with full-time traders. eToro was one of the pioneers of commission-free trading and app-based trading. 

eToro is also well-known for its CopyTrading service, where you can copy the trades of popular traders through the eToro community. 

Read all about eToro in our independent eToro review.

What is XTB?

Founded in 2002 in Poland, XTB is a global investment platform with offices in over 13 countries, including the UK. 

It’s one of the largest publicly-listed stocks and CFD brokers in the world with its shares listed on the Warsaw Stock Exchange.

XTB offers more than 5,000 instruments to trade including share dealing in real stocks and ETFs as well as CFDs on shares, ETFs, FX and commodities.

It now has more than 1 million investors on its platforms across the world. Unlike many CFD platforms, XTB offers interest on uninvested cash.

Picture of Alex's View

Alex's View

Founder, Generation Money

When I began trading FX in 2006, XTB was known for its X-Trade Forex Cup. This was an annual FX trading competition with prizes over the years including a car and 1 million euros. 

I never entered but maybe I should’ve done! Regardless, XTB has been around for a long time and, unlike many FX brokers in the early 2000s, has sustained its success.

eToro vs XTB: Fees

Let’s look in more detail at the all-important costs for eToro vs XTB.

Both platforms charge a range of transaction fees, as well as several fees centred around CFD trading:

eToroXTB
Platform FeesNo platform fee for holding investments

Withdrawal Fee: $5 on all withdrawals (deposits are free)

FX conversion fee on all non-US dollar withdrawals & deposits. This fee is in pips and depends on the method of transaction, e.g. bank transfer is 50 pips mark up on the spot FX rate. eToro Money users face no conversion fees when depositing GBP, EUR, AUD or CHF

Inactivity Fee: $10 monthly inactivity fee if no login after 12 months
No platform fee for holding investments

Deposits are free via bank transfer and credit/debit card. £5 fee on withdrawals of less than £50. Withdrawals over £50 are free

0.50% FX conversion fee on each order placed in a currency other than the currency of your account

Inactivity fee of 10 euros per month if no login after 12 months
Ready-Made Portfolio Management FeesNo additional charge for investing in ready-made Smart PortfoliosNo additional charge for creating an Investment Plan
Individual Stocks & Shares / Share DealingNo commissions, dealing charges or broker spreads on directly buying and selling stocks, ETFs and Cryptocurrencies (non-CFDs)

Market spread may apply (difference between bid and ask price), varies by asset being traded and is outside of eToro’s control
No commissions, dealing charges or broker spreads on directly buying and selling stocks and ETFs
Note: 0.20% commission applies if you trade more than 100,000 euros of instruments per month

0.50% FX conversion fee on each order placed in a currency other than the currency of your account
CFD TradingBroker spread: varies by asset being traded and is in addition to market spread. Full spread details here

Daily financing fees on all CFD trades kept open overnight (inc. weekends), exact fee depends on asset being traded – more below

No additional FX fees on CFD trades
Broker spread: 0.30% spread on all stocks and ETF CFDs. Spread on other instruments varies by asset being traded 

Daily financing fees on all CFD trades kept open overnight (inc. weekends), exact fee depends on asset being traded – more below

0.50% FX conversion fee on each order placed in a currency other than the currency of your account

As shown in the table above, the pricing structures of eToro and XTB are pretty similar. 

Rather than charging annual platform or management fees like other major platforms, they charge fees on deposits & withdrawals, FX conversions and trading CFDs (Contracts For Difference).

Deposit & Withdrawal Fees

eToro is well-known for its commission-free share trading. XTB also doesn’t charge commission on share dealing. This doesn’t mean it’s totally free to buy stocks and shares without incurring any charges, though.

First, you have to fund your account before you can invest or trade on either platform. XTB doesn’t charge any deposit fees at all, regardless of the method.

eToro, on the other hand, does charge fees on funding your account. Both charge withdrawal fees, although you can usually avoid XTB’s withdrawal fee.

eToro Deposits & Withdrawals

There’s an FX conversion fee whenever you deposit into or withdraw funds from your eToro account using a currency other than US Dollars. This is because all eToro investment accounts are denominated in US Dollars no matter your location. The rates for depositing in GBP are outlined below:

  • Bank Transfer: 50 pips mark up on the GBP/USD exchange rate, or 0.50%. 
  • Online Banking: 150 pips / 1.50%
  • Debit/Credit Card: 150 pips / 1.50% 
How to avoid eToro deposit fees

There are two ways to minimise these fees. First, you can open an account with Revolut, the digital finance app, and deposit money in GBP. Revolut allows you to open a US Dollar account for free and charges no conversion fees when exchanging currency between your own accounts.

So you can open a GBP account with Revolut, then open a USD account. Fund your Revolut account for free in GBP and then convert it to USD for free. You can then fund your eToro account by bank transfer, in which case you can see your USD bank details in your Revolut account. 

Or can you use your Revolut virtual card to pay into your eToro account directly in USD. Go to your Revolut virtual card details in the app, then go to settings and choose to ‘spend from’ your USD balance.

Alternatively, you can open an eToro Money account. This is eToro’s version of a digital payments and banking service.

All deposits via eToro Money into your eToro investment account in GBP are free. Holding an eToro Money account is currently also free, but this may change in 2024 as eToro is planning to bring in monthly fees, much like you see with Revolut and Monzo accounts.

It should also be noted that money held in an eToro Money account does not fall under FSCS protection, but it is held in a segregated and protected bank account. More details later in this article.

There is a fixed $5 withdrawal fee on all withdrawals from your eToro investment account. This is in addition to any FX conversion fees if withdrawing in a currency other than USD.

If you intend to make more frequent withdrawals from your account – which is not optimal for long term growth – then the fees can add up. There’s a minimum withdrawal of $30, so the lower the amount of your withdrawal the higher the fixed fee becomes in percentage terms.

The withdrawal fee applies even into an eToro Money account. 

XTB Deposits & Withdrawals

Unlike eToro, XTB doesn’t charge any fees on deposits. It also allows you to open and fund an account in GBP. This means there are no FX fees for depositing or withdrawing money either. 

Aswe’ll see further below, XTB does charge FX fees on trades made in a currency other than the base currency of your account.

There’s a £5 fee on withdrawals of less than £50. So as long as you withdraw more than £50 in one go you will avoid this withdrawal fee.

Winner: XTB

Fees on share dealing

eToro charges no commission or dealing fees when directly buying or selling shares. By this we mean that you are actually purchasing the underlying asset, rather than trading it through a CFD where you do not have ownership of the underlying share.

Additionally, eToro doesn’t add a broker spread to share prices so you will only pay the market spread. 

XTB also doesn’t charge commission or dealing fees on shares and ETFs (non-CFDs). However, it does charge an FX fee of 0.50% if you trade instruments which are denominated in a currency other than the base currency of your account. More on this below.

By not charging dealing fees, eToro and XTB stand apart from the traditional stockbrokers who tend to charge fixed dealing fees each time you place an order.

Winner: eToro

FX Fees

eToro has no further FX fees once you’ve funded your account. This applies to both share dealing and CFD trading.

But, with XTB you’ll also be charged an FX fee of 0.50% on the value of any stock or ETF trade in an instrument which is denominated in a currency other than your account’s base currency. This includes fractional shares.

For example, if you open and fund an account in GBP and trade Meta (Facebook) stock, you’ll pay a 0.50% FX fee to convert pounds to US dollars. This applies again when you close the trade.

Note that Stamp Duty applies when dealing shares but it’s not charged on CFDs as you are not trading the underlying asset.

Winner: eToro

CFD Spreads

When trading CFDs, you will incur a spread applied by eToro or XTB. 

Broker spread is effectively a mark up on the market-quoted buy and sell price of an asset. Brokers add their own spread to make money instead of charging dealing fees.

With XTB, the spread on shares and ETFs is fixed at 0.30%. XTB’s spread varies on all other instruments.

eToro’s spread varies by asset or instrument traded and can fluctuate depending on market conditions and liquidity.

We checked the spread on a sample of assets (6th May 2024) on both platforms and we outline these below:

CFD AsseteToro SpreadXTB Spread
Gold (1:20)45 pips33 pips
AAPL Stock (1:5)57 cents59 cents (0.30%)
GBP/USD (1:30)1.7 pips1.5 pips

Note: we have recalculated some of the spreads above for like-for-like comparisons, e.g. from percentage to cents

Both eToro and XTB charge broadly similar spreads on Apple shares and GBP/USD. 

However, eToro’s spread is higher on Gold. But remember, with XTB you’ll also pay an FX fee of 0.50% on each Gold trade if your account is in GBP because Gold is priced in US dollars.

However, as we pointed out above, eToro’s FX fees can be avoided when funding your account. XTB’s FX fees can’t be avoided.

Given the huge range of assets available with both platforms, you should check the spreads on the instruments you’re most interested in trading to get an idea of which is cheaper. 

But you should bear in mind the 0.50% FX charge on any assets denominated in a non-GBP currency with XTB (assuming your account is in GBP).

Overall, our analysis showed that eToro tended to have cheaper spreads on stocks, with both platforms having similar spreads on most other assets. XTB’s spread was lower on some commodities, though.

Winner: eToro

CFD Overnight Fees

Both eToro and XTB are major CFD platforms in the UK and you can trade thousands of stocks, ETFs, currencies and commodities with both of them. 

You can also trade Cryptocurrencies with eToro.

Contracts For Difference are major revenue earners for brokers as they’re able to charge a range of fees around them. These include spread (as we saw above), overnight fees (interest on leverage) and FX trading fees (in the case of XTB). 

Overnight fees represent the interest charged when eToro or XTB lend you trading margin to amplify your positions. The interest charged may vary over time and by asset class.

CFDs Explained

A Contract For Difference (CFD) is an agreement entered into by you and your broker centred around the price of an underlying asset.

By entering a CFD trade, you and your broker each agree to pay each other the difference between the opening and closing price of an underlying asset without either of you owning it. Because the underlying asset isn’t actually involved, CFDs are considered derivative financial instruments (they derive their value from an underlying asset).

If you enter a BUY trade and the underlying asset goes up in price, your broker pays you. If the asset goes down in price, you pay your broker.

Because the underlying asset isn’t directly being traded, CFDs can be traded in multiples of the underlying asset’s price. This is where leverage comes in. Brokers will lend you several times the value of the underlying asset to amplify the trade.

For example, 1:5 leverage on a stock worth £100 means that you can enter a CFD trade worth 5 shares (5 x £100) and only need to put up £100 of your own money. Your profit or loss on the trade is also amplified by 5 times.

Without going into all the details here, CFD brokers have lending facilities with institutional banks (think of a very large overdraft) and they use this credit from the bank to lend you the money so that you can trade using leverage. We discuss this more in this XTB vs eToro comparison below under Leverage.

The interest charged to you on your overnight positions is a mark-up on the interest rate the broker is charged by their bank. eToro is quite transparent about this, especially compared to XTB. At the time of writing, eToro’s overnight fee on BUY orders for stocks is 6.4% + the benchmark rate. 

The benchmark rate is variable and depends on the base currency. In the past this would have been the LIBOR rate but this has been phased out and replaced by new reference rates. 

In the UK, SONIA is widely used as the reference rate for interbank lending, and the 1 month SONIA rate is used by eToro to price GBP CFD transactions. At the time of writing, the 1M SONIA rate is 5.20%, which means eToro is currently charging 11.60% annual interest on long UK stock CFD positions.

We checked a range of stocks on XTB and they each came out with much higher annual interest charges than eToro’s, with some over 50%.

For a BUY Gold order eToro’s annualised interest works out to 154%. For XTB it’s a whopping 209% (although this is still cheaper than Trading 212’s 290%). 

Winner: eToro

CFD FX Fees – XTB Only

As noted above, XTB charges a 0.50% fee on the value of each CFD stock or ETF trade on an instrument denominated in a currency other than the base currency of your account.

For example, if your account is funded in GBP, like ours is, and you traded a US stock then you would pay 0.50% of the value of the trade when you enter and exit that trade.

Note that the FX fee does not apply to trading CFDs in FX, commodities or indices.

eToro does not charge additional FX fees on any of its trading categories. This is another factor to take into account if you will be regularly trading assets which are priced in a foreign currency to your account.

You could potentially save 0.50% each time by trading with eToro instead of XTB if you use our techniques to avoid eToro’s deposit FX fees.

Winner: eToro

eToro vs XTB: Products & Accounts

Both eToro and XTB offer investing accounts which allow you to directly buy shares and ETFs and to trade CFDs.

Trading accounts with both platforms allow you to invest in real stocks and shares commission-free.

Overall, both offer very similar investment accounts. 

Neither offers a Stocks and Shares ISA – a great option for long term tax-efficient investing. 

Our top-rated Stocks and Shares ISA provider is Interactive Investor – read more in our guide to the best Stocks and Shares ISA provider. If you’re interested in investing through your pension, read our guide to the best SIPP provider.

You can open a Professional Trading Account with both eToro and XTB. These are for experienced traders with at least $500,000 to invest.

An area where eToro has the edge over XTB is with eToro Money which is a digital payments offering. You can also store your cryptocurrency in your eToro Money wallet.

It’s interesting that eToro is branching out into payments as typically we’ve seen this happen the other way around. 

Digital payments apps like Revolut and Wise branched out into offering investment services after establishing themselves in the payments market.

eToro Money comes with a digital payments account in multiple currencies, a Visa Debit Card for spending and the ability to store your cryptocurrency. As we outlined in our Fees section above, eToro Money also allows you to avoid some of the FX fees when funding your eToro investment account.

XTB does not offer its own e-wallet or money transfer product.

Winner: eToro

eToro vs XTB: Investment Options & Services

Let’s first take a look at how the number of tradable assets compares with each platform before we go on to compare other services and features. 

AsseteToroXTB
Stocks & Shares (underlying asset)3,2083,020
Stocks & Shares (CFDs)3,2081,997
ETFs325389
Cryptocurrencies74cross
Commodities3227
Currencies5271
Indices2032
Ready-Made Portfolios86 Smart PortfoliosCreate your own Investment Plan
CopyTrader Verified Traders24,000+cross

At the time of writing (May 2024), both eToro and XTB offer over 5,000 instruments to trade. 

eToro leads in the number of stocks and the number of stock CFDs, though. So, you have a wider choice of shares to invest in with eToro.

As you may expect from a broker that started out as an FX trading platform, XTB has more currencies with 71 to eToro’s 52.

A major difference that Crypto fans will be interested in is that eToro offers over 70 cryptocurrencies to invest in. You can short many of the cryptocurrencies on eToro’s platform, too.

XTB does not currently offer cryptocurrencies so if you want to trade or invest in cryptocurrencies then eToro is the clear winner

Neither platform allows you to trade bonds, unlike more traditional investment platforms such as Interactive Investor and Hargreaves Lansdown. Read more on how eToro compares to Hargreaves Lansdown here:

Aside from cryptocurrencies, both eToro and XTB offer a huge range of stocks, commodities, ETFs, indices and currencies. 

It’s clear, though, that eToro has greater coverage on shares. But both platforms offer all the major US shares as well as smaller listed companies such as Manchester United shares.

Winner: eToro

eToro CopyTrader

eToro is ahead of XTB when it comes to social community features, including its famous CopyTrader feature. 

CopyTrader allows you to automatically copy the trades of another verified user on eToro’s platform. Copy trading in general has seen a huge rise in popularity in recent years, with some seeing it as a way of accessing the markets without having to learn to trade themselves.

eToro's CopyTrader
CopyTrader in the eToro app

However, CopyTrader is a high-risk proposition as very few traders will come from a professional background with a solid track record. You should always check the record and credentials of a trader before deciding to copy their trades.

As part of its CopyTrader feature, you can become a Popular Investor and receive payment from eToro based on the amount of money invested by other users in your copy trades. 

So if you’re a successful trader and want to earn additional income without much extra effort then eToro’s Popular Investor programme is worth considering. You will have to meet their minimum criteria which can be viewed on the eToro website.

XTB currently has no copy trade feature.

Winner: eToro

eToro vs XTB: Social Communities

Aside from its CopyTrader feature, eToro also has a highly active community. This works much like a social media platform, where users can post their thoughts on a feed or leave comments under specific stocks and assets. 

eToro social community
eToro’s home screen looks a little like a social media feed

Occasionally we found some useful discussions going on when we’ve read through eToro’s community. But we would advise you to use caution when reading other people’s market opinions and investment decisions. 

There’s a lot of posturing in the trading world so make sure to do your own research before listening to advice posted on the community forums.

XTB doesn’t offer anything that competes with the social media aspect of eToro.

Winner: eToro

eToro vs XTB: Fractional Investing

Fractional shares are an increasingly common feature seen in trading apps. 

As the name suggests, you’re able to purchase a fraction of a single share rather than a whole share. This has become more popular among younger investors who have less capital to invest but want to invest in big-name stocks that have high share prices.

Well-known names such as Microsoft, Amazon and Tesla all have triple-digit share prices. For those with smaller amounts to invest, owning single shares of each could take up an entire portfolio.

As a fractional shareholder, you’ll still get voting rights and dividends in proportion to your fractional shareholding.

Both XTB and eToro offer fractional shares.

eToro vs XTB: Ready-made Portfolios

Ready-made portfolios have become a popular way for passive and beginner investors to quickly get invested. This works by allocating your money to an existing investment portfolio that’s setup and managed by someone else.

The most popular examples of these are with robo-advisors, but many other investment platforms now offer ready-made portfolios.

eToro’s are called Smart Portfolios and they’re quite innovative. Some are built around specific industries or sectors, while others are designed to copy the investments of well-known investors such as Warren Buffett and Carl Icahn.

A few of eToro’s Smart Portfolios are created by professionals who claim to use proprietary strategies and technology to manage their portfolios.

However, Smart Portfolios come with risk and you should be comfortable with all of the details surrounding the portfolio before committing your money. You should also regularly monitor performance and make your own adjustments where you see fit. 

The minimum investment for eToro’s Smart Portfolios is $500. 

XTB does not offer ready-made portfolios. Instead, it offers Investment Plans.

These are portfolios made up of ETFs that you can pick yourself. Once you’ve set up an initial portfolio of ETFs, you can then activate automated regular investments in-line with your portfolio picks. 

You will have to make the investment decisions yourself though when building your portfolio, unlike with eToro’s Smart Portfolios. 

Winner: eToro

eToro vs XTB: Interest On Uninvested Cash

Cash held in GBP, EUR or USD in an XTB account will receive interest. 

The rates are highly competitive compared to savings accounts. Below are the current interest rates (6th May 2024):

GBPUSDEUR
Interest rate5.2%5.0%3.8%

The rate is variable and can be changed on a weekly basis. You don’t have to do anything to earn interest. If you have cash in your account it will automatically accumulate interest.

As XTB is an FCA regulated platform, you also get FSCS protection on your cash. This provides regulator protection on up to £85,000 of cash held with XTB. More on this later.

If you have spare cash sitting in your portfolio, it’s nice to know it’s earning something. eToro does not pay interest on uninvested cash so if you tend to have cash in your portfolio then you may prefer XTB.

Winner: XTB

eToro vs XTB: Leverage

Leverage applies to CFD trading and is a form of lending. Brokers that offer CFDs, like eToro and XTB, allow you to multiply up your potential position in a trade by lending you the money to do so.

As we outlined above under the Fees section of this XTB vs eToro comparison, CFD brokers have lending facilities in place with institutional banks. The brokers re-lend this money to you, the client, when you trade with leverage and they charge a mark-up on the interest rate to do so.

CFD leveraging capabilities are regulated by the Financial Conduct Authority (FCA) in the UK. The FCA details the maximum amount of leverage that UK-based investors are permitted to access. The leverage limits available with eToro and XTB are the same across all instruments:

  • Stocks & ETFs = 1:5 or 5x
  • Gold = 1:20 or 20x
  • Currencies = 1:30 or 30x
  • Cryptocurrencies = 1:2 or 2x
  • Non-Gold Commodities = 1:10 or 10x
  • Indices = 1:20 or 20x

However, there’s a key difference in how it works between the two platforms. eToro allows you to choose the level of leverage for each trade, whereas XTB always requires the maximum leverage (as shown above) to be used.

For example, if trading Gold with eToro you can choose to use leverage of 1x (no leverage), 2x, 5x, 10x or 20x on the market order screen. You do not have to use the maximum leverage of 20x. 

eToro trading screen showing leverage options
Leverage on the eToro trading screen

On the other hand, if trading Gold with XTB you must use 20x leverage. As a result, you have much more flexibility and control over your exposure by using eToro and this will suit the more discerning trader.

Winner: eToro

eToro vs XTB: Which Has The Better App and Desktop Platform?

eToro and XTB apps compared

Apple App Store ratings:
eToro: 3.9 from over 9,000 ratings
XTB: 4.7 from over 800 ratings

XTB and eToro both have comprehensive trading apps, which are packed with features and tools.

However, eToro’s social community features really make it stand out. When you log into the app you’ll be presented with a home tab that looks very similar to a social media homepage:

eToro's app home screen
eToro’s home page feed

When you switch over to eToro’s Discover tab and choose an instrument to trade, you can choose how you want to trade it. For example with leverage or without leverage, or to buy or sell

Using the eToro app is easy, everything is laid out clearly and neatly. 

XTB’s app is less social and feels more geared towards experienced traders. It’s still great to use, though, and nobody will have difficulties navigating around. 

When you first use the XTB app, there’s an option to watch a video guide to how everything works. It’s pretty useful and well put together.

XTB’s market order screen clearly shows all the pricing info you need, too. Overnight fees and spreads are not always clear on other trading apps:

XTB's market order screen in the XTB app
Spread and overnight fees (daily swap rates) on the XTB app

eToro’s pricing is also clear. It shows you the exact overnight fee you’ll pay on the CFD instrument:

Overnight fees are shown at the bottom of the order screen

The second major difference we noticed when using both apps is that the order execution window is much clearer in the eToro app than XTB’s. You know exactly what you’re being charged without doing the maths yourself.

It’s hard to state that one app is clearly better than the other, but we give the edge to eToro for its in-built social features.

Winner: eToro

eToro

eToro is our top-rated investment app, it’s easy to use, has lots of innovative features and allows you to trade commission-free.

Capital at risk if you invest.

eToro and XTB desktop platforms compared

XTB has a proprietary desktop trading platform called xStation. Experienced CFD traders will be familiar with how this looks and feels. 

XTB's xStation screen

Multiple windows and charts can be maintained at once and you can apply chart analysis easily onto the instruments you’re analysing. XTB offers a more traditional, and powerful, CFD trading experience on its desktop xStation platform compared to its app.

eToro’s desktop/web trading platform is very similar to its app. It’s not quite as sophisticated as XTB’s but the layout is great and it’s again heavy on the social media-like features.

Winner: XTB

eToro vs XTB: Which Has The Better Customer Service?

Strong customer support is a key feature for any investment platform where you commit your money.

The primary customer support methods with both eToro and XTB are their help centres and in-app chat services. We’ve gone through both platform’s help centres and they cover a huge range of frequently asked questions and guides. 

If you can’t find the answer you’re looking for in eToro’s help centre then you can speak to a chatbot. We asked the chatbot of each platform various questions and each time we were given the information we needed.

XTB has customer support 24-hours a day Monday to Friday. In the app you can choose to chat to customer support and you’ll be connected to a live agent. 

eToro is less clear on its human agent support hours but we were able to connect to a live agent at various times of the day and night on weekdays. 

You’re also able to speak to an account manager at both XTB and eToro, including via calls. They can give guidance on how to use your account and the various methods of investing and trading. 

Overall, it’s hard to separate eToro and XTB when it comes to customer service.

eToro vs XTB: Customer reviews

We always check the opinion on popular review sites of the platforms we review. 

On Trustpilot, one of the most popular review sites, eToro has a rating of 4.2 out of 5 from over 23,000 reviews (at the time of writing). Lots of reviews praise eToro’s customer service, in particular the ability to speak to an account manager, as well as its platform features.

Some reviewers mention that the ID verification can take longer than they’d like. But this is increasingly common among investment platforms in the UK with the FCA ordering stronger ID and money laundering checks.

Also on Trustpilot, XTB is rated at 3.8 from over 13,000 reviews. Many reviews praise XTB’s low pricing and fast deposits. More critical reviews include those that say the app becomes slow during periods of high volatility, with others mentioning they’ve had to wait to speak to customer support.

Winner: eToro

eToro vs XTB: Is My Money Safe?

Both eToro and XTB are regulated by the Financial Conduct Authority (FCA) and have Financial Services Compensation Scheme (FSCS) protection.

This means that if either company were to go bust, your money would be protected up to the value of £85,000 by the regulator. 

Furthermore, as eToro and XTB are FCA-regulated entities you are able to complain to the Financial Ombudsman Service (FOS) if you cannot resolve a dispute directly with them. They must comply with rulings by the FOS. 

Both XTB and eToro segregate client money from their own funds using custodian accounts held with secure 3rd parties. These also fall under FSCS protection.

It should be noted that any money held in an eToro Money account does not fall under the FSCS. 

Trading CFDs comes with a high level of risk and below are the FCA-mandated CFD trading disclosures of each platform:

eToro:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Cryptocurrencies markets are unregulated services which are not governed by any specific European regulatory framework (including MiFID). Therefore, when using eToro’s Cryptocurrencies Trading Service, you will not benefit from the protections available to clients receiving MiFID regulated investment services, such as access to the Financial Services Compensation Scheme (FSCS) and the Financial Ombudsman Service for dispute resolution.

XTB:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

eToro vs XTB: Pros & Cons

To summarise our comparison of eToro vs XTB, we’ve outlined below the main pros and cons of each investment platform.

eToro Pros & Cons

eToro Pros

  • You can directly buy stocks and shares commission-free
  • Much wider range of assets to trade than XTB, including cryptocurrencies
  • Fractional shares – you can invest in high price shares in fractions starting with just $1
  • CopyTrader service allows you to automatically copy the trades of other eToro traders after assessing their historical performance
  • Over 65 Smart Portfolios which allow you to invest in ready made funds based around specific themes, at no extra charge (transaction fees apply)
  • User friendly app packed with features and in-app analysis
  • eToro Academy provides a good range of investing and trading lessons for less experienced investors
  • FCA regulated and FSCS protection

eToro Cons

  • No ISA products to invest through, so tax charges may apply to any gains made
  • High minimum investment of $500 for Smart Portfolios
  • Fee applies to all withdrawals  transactions fees can add up if regularly depositing and withdrawing money

XTB Pros & Cons

XTB Pros

  • You can directly buy stocks and shares commission-free
  • Huge range of instruments – over 5,700
  • Completely free deposits and no charge on withdrawals of over £50
  • Earn interest on uninvested cash
  • Fractional shares
  • Powerful desktop trading platform
  • FCA regulated and FSCS protection

XTB Cons

  • No ISA products to invest through, so tax charges may apply to any gains made
  • No copy trader feature
  • Does not support cryptocurrencies
  • FX fees apply to all transactions not denominated in your account’s primary currency, e.g. buying/selling US shares

eToro vs XTB: Final Verdict

eToro is our overall winner in our eToro vs XTB comparison. It’s also our top pick for best investment app in the UK.

eToro has the edge due to having more innovative features, such as CopyTrader, mostly lower fees, share dealing and for supporting cryptocurrencies. You can also control the amount of leverage you want to use when trading CFDs, unlike on XTB’s platform.

But, it’s a close call. eToro charges a fixed $5 withdrawal fee on all withdrawals and FX conversion fees if you fund or withdraw from your account in a currency other than US Dollars. These can add up.

XTB also pays you interest on uninvested cash unlike eToro – and it’s a very competitive rate. It also has a more sophisticated desktop/web trading platform which may better suit CFD traders.

Although XTB doesn’t charge any deposit or withdrawal fees (so long as you withdraw more than £50) it does charge FX fees on non-GBP instruments. But, overall it’s still a great investment platform.

eToro

eToro is our top-rated investment app, it’s easy to use, has lots of innovative features and allows you to trade commission-free.

Capital at risk if you invest.

FAQs

Is XTB better than eToro?

XTB is better than eToro for trading FX and commodities (as CFDs), but eToro is the better overall trading platform. eToro has more innovative features, such as CopyTrader and Smart Portfolios, and is cheaper for trading US shares.

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eToro is our winner

eToro’s social community and CopyTrade features, better CFD pricing and Crypto trading make it our winner.
Capital at risk if you invest. FCA regulated and FSCS protected.

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