eToro vs XM
A side-by-side comparison built from each broker's own published record — licenses checked against official registers, terms quoted from their own pages, with the source linked on every claim.
| Regulation | FCA · CySEC · ASIC · ADGM FSRA · MAS · FSA Seychelles · FinCEN · SEC / FINRA · Gibraltar FSC | CySEC · FSC · DFSA |
| License no. | FCA FRN 583263 (eToro (UK) Ltd) CySEC 109/10 (eToro (Europe) Ltd; MiCA licence granted Jan 2025) ASIC AFSL 491139 (eToro AUS Capital Limited) ADGM FSRA Financial Services Permission 220073 (eToro (ME) Limited) MAS CMSL CMS101824 (eToro Singapore Pte. Ltd.) FSA Seychelles SD076 (eToro (Seychelles) Ltd) FinCEN NMLS ID 1769299 (eToro USA LLC) SEC / FINRA SEC 8-70212, FINRA CRD 298361 (eToro USA Securities Inc.) Gibraltar FSC 1333B (eToro X Limited, DLT provider) | CySEC 120/10 FSC not printed on public register (XM Global Limited listed as Active, categories: Trading in Securities as Principal; Arranging transactions in Securities, registration period 2026) DFSA F003484 |
| Founded | 2007 | 2009 |
| Minimum deposit | $10 | $5 |
| EUR/USD spread from | 1 pip (single retail live account; published "Currencies From 1 PIP — EUR/USD 1 Pips" at etoro.com/trading/fees/cfd-spreads/) | "spreads as low as zero" (Zero Account); EURUSD-specific from-figure not published on public pages |
| Leverage | CySEC (Cyprus): Up to 30:1, depending on instrument FSC Belize: Flexible leverage up to 1000:1 | |
| Gulf Payments | ||
| Platforms | eToro proprietary web platform, eToro mobile app | MetaTrader 4, MetaTrader 5, XM App |
| Broker-published claim | Email confirming withdrawal status within 2 business days of the request; receiving funds may take up to 10 business days depending on method — eToro Money: instant; credit/debit card: up to 10 business days; bank transfer: up to 10 business days; PayPal/Neteller/Skrill/Trustly/iDEAL: up to 2 business days. [Source] | Withdrawal requests are processed instantly by our Artificial Intelligence Back Office System, based on algorithmic parameters. You'll receive your money immediately, or on the same day your request is executed. Withdrawals via bank wire, credit or debit card usually take 2-5 business days to reach your account. [Source] |
| Withdrawal methods | eToro Money (instant), Credit/Debit card, Bank transfer, PayPal, Neteller, Skrill, Trustly, iDEAL | Credit/debit cards, Electronic payment methods (e-wallets), Bank wire transfer, Local bank transfer |
| Crypto deposits/withdrawals | No | No |
| Islamic Accounts | Yes | Yes |
| Measured by us | Testing in progress | Testing in progress |
| Accepts clients from | United Kingdom, Australia, Singapore, United Arab Emirates, Germany, Italy | Germany, Italy, United Arab Emirates, Kenya, Saudi Arabia, Malaysia, Turkey, China, Taiwan, Thailand, Vietnam, Indonesia |
| Open account | Open account |
We do not name a winner here. The two records sit side by side because the right answer depends on where you live, what you trade, and which entity would onboard you — all of which the table shows.
By Country
- eToro + XM: United Arab Emirates, Germany, Italy
- eToro Yes / XM No: United Kingdom, Australia, Singapore
- XM Yes / eToro No: Kenya, Saudi Arabia, Malaysia, Turkey, China, Taiwan, Thailand, Vietnam, Indonesia
Is eToro or XM better?
Neither is better in the abstract. Compare the rows that apply to you: whether each broker accepts clients from your country, which entity and regulator you would be onboarded under, the minimum deposit, and how withdrawals work on the rail you would actually use.
Which is safer, eToro or XM?
Safety follows the entity that holds your money, not the brand. Both records list every regulator and license number each broker publishes — check which entity serves your country, then verify that license on the regulator's own register.