Home page -> Comparison -> eToro USA vs XTB | Broker Comparison

Title eToro USA vs XTB | Broker Comparison

Basic Information

Year Founded

First broker:

2007

Second broker:

2005

Headquarters Location

First broker:

Cyprus, Israel, UK

Second broker:

Warsaw + 10 global offices

Publicly Traded (Entity or Parent)

First broker:

No

Second broker:

YES

Regulated?

First broker:

YES

Second broker:

YES

Primary Regulator

First broker:

CySEC

Second broker:

FCA

Minimum Deposit

First broker:

$50

Second broker:

$250

Fixed Spreads?

First broker:

NO

Second broker:

NO

Trading Type

First broker:

Market Maker, NDD, STP

Second broker:

Market Maker (Pro: STP)

Commissions on Trades

First broker:

YES

Second broker:

NO (Pro accts Yes)

CFD Loss Rate

First broker:

76% loss rate on CFDs

Second broker:

79% loss rate on CFDs

Maximum Leverage

First broker:

1:1

Second broker:

1:30

Currency Pairs Offered

First broker:

47

Second broker:

48

General Average Rating - 3 scale

First broker:

1,68

Second broker:

2,40

Background

Value

Score

Value

Score

Year Founded

First broker:

2007

3,0

Second broker:

2005

3,0

Headquarters location + Offices

First broker:

Cyprus, Israel, UK

2,0

Second broker:

Warsaw + 10 global offices

2,5

Publicly traded?

First broker:

Private

1,5

Second broker:

Poland

2,5

Size Measure

First broker:

Over 5 million accts

3,0

Second broker:

Capital ~ USD$1.5 million

2,0

Summary Score

First broker:

2,38

Second broker:

2,50

Regulatory Compliance

Value

Score

Value

Score

Regulated or unregulated?

First broker:

YES

3,0

Second broker:

YES

3,0

Primary regulator

First broker:

CySEC

2,0

Second broker:

FCA

3,0

Multiple compliance

First broker:

FCA, ASIC, ESMA

3,0

Second broker:

CySEC, IFSC, KNF

3,0

Safety of Deposits

First broker:

Offshore, No crypto protect

1,5

Second broker:

Neg bal protect, Ins, Stop Loss Guar

2,5

Summary Score

First broker:

2,38

Second broker:

2,88

Fees & Charges

Value

Score

Value

Score

Commissions, Fees & Charges

First broker:

Spreads can widen

1,5

Second broker:

Lower than average

2,5

General

First broker:

Overnight and weekend apply

1,5

Second broker:

High transparency

2,5

Spreads

First broker:

High on average

1,5

Second broker:

Very competitive

2,5

Summary Score

First broker:

1,33

Second broker:

2,50

Investment Products

Value

Score

Value

Score

Stocks - Breadth

First broker:

Medium

1,5

Second broker:

1,500 stocks

2,0

Forex - Breadth

First broker:

47 pairs

2,5

Second broker:

48 pairs

2,5

Other: Comm, Crypto, Spread, CFD?

First broker:

Primary CFD, cryptos

2,0

Second broker:

CFD, Comm, Cryptos, No SB

2,5

Summary Score

First broker:

2,0

Second broker:

2,33

Platform experience

Value

Score

Value

Score

MT4 or equivalant

First broker:

None, only proprietary

1,0

Second broker:

MT4

3,0

Proprietary options

First broker:

Single platform

1,5

Second broker:

xStation 5 platform

2,5

Special Advanced?

First broker:

No streaming news

1,0

Second broker:

Intutitive, customizable

2,5

Summary Score

First broker:

1,17

Second broker:

2,67

Special Features

Value

Score

Value

Score

Feature A

First broker:

Heavy focus on social trading

2,5

Second broker:

MT4 covers most options

2,5

Feature B

First broker:

No volume discounts

1,5

Second broker:

Excellent analytical tools

3,0

Feature C

First broker:

Loss protect only at high level

1,0

Second broker:

No social trading

1,0

Summary Score

First broker:

1,67

Second broker:

2,17

Research Tools/Guidance

Value

Score

Value

Score

Financial Commentary

First broker:

Minimal

1,0

Second broker:

Average

2,0

Technical Anlaysis

First broker:

Minimal

1,0

Second broker:

Superior analystical tools

2,0

Other Guidance

First broker:

Social Trading

2,5

Second broker:

Feeds include analysis F&TA

2,5

Summary Score

First broker:

1,50

Second broker:

2,33

Education Support

Value

Score

Value

Score

Basic Library

First broker:

Basic Minimal

1,0

Second broker:

Broad coverage

2,5

Webinars/Support

First broker:

Some access

1,5

Second broker:

Begin, Inter, and Advanced covered

2,5

General

First broker:

76% loss rate on CFDs

1,5

Second broker:

79% loss rate on CFDs

1,5

Summary Score

First broker:

1,33

Second broker:

2,17

Customer Support

Value

Score

Value

Score

Live Chat, Web, Tele, Offices

First broker:

No Live Chat, ticket system

1,0

Second broker:

YES

3,0

Responsiveness

First broker:

Average

1,5

Second broker:

Better than Average

2,5

FAQs? Quality?

First broker:

Sufficient

2,0

Second broker:

Adequate in trading app

1,5

Summary Score

First broker:

1,50

Second broker:

2,33

General Pros & Cons

Value

Score

Value

Score

Pro #1

First broker:

Pioneer in social trading

2,5

Second broker:

Highly rated broker in 2018

3,0

Pro #2

First broker:

Good charting tools

2,0

Second broker:

1500 global markets

2,0

Pro #3

First broker:

Broad crypto coverage

2,0

Second broker:

Low fees

2,5

Con #1

First broker:

Poor education area

1,0

Second broker:

Custo Serv good - chat so-so

2,0

Con #2

First broker:

Poor cust service access

1,0

Second broker:

No volume discounts

2,0

Con #3

First broker:

Designed for low skill traders

1,0

Second broker:

xStation 5 limits, defer to MT4

1,5

Summary Score

First broker:

1,58

Second broker:

2,17

General Average Rating - 3 scale

General Average Rating - 3 scale

First broker:

1,68

Second broker:

2,40

Broker links

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