Advertiser disclosure: some links on this page may be affiliate links, meaning BrokerCatalogue may earn a commission if you open an account. This never affects the data shown here, which is drawn from our catalogue and compared mechanically. How we make money.
Data refreshed 25 Aug 2026 · Compiled by David Ispiryan
Trust rank #8 · Founded 2007
eToro is a well‐regarded forex broker and multi‐asset platform offering broad access to currency markets via web and mobile trading. It provides social trading features, research, and education within an integrated interface…
Read the eToro review
Trust rank #26 · Founded 2009
XM is a well-regarded forex and CFD broker providing online access to multiple markets on widely used platforms, along with research tools, education, and multilingual support.
Read the XM revieweToro (Israel, founded 2007) holds 3 regulatory licences (ASIC, CySEC, FCA), 2 of them tier-1, offers Proprietary and sits in our low-fee bracket. XM (Cyprus, founded 2009) holds 5 regulatory licences (ASIC, CySEC, DFSA, FCA, IFSC), 2 of them tier-1, offers MT4, MT5 and sits in our low-fee bracket. The two overlap in 214 countries; eToro is available in 3 countries where XM is not, and XM in 15 where eToro is not.
Scored on 8 measurable dimensions where both brokers have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.
| Criteria | eToro | XM |
|---|---|---|
| Trust rank | #8 | #26 |
| Founded | 2007 | 2009 |
| Headquarters | Israel | Cyprus |
| Regulators | ASIC, CySEC, FCA | ASIC, CySEC, DFSA, FCA, IFSC |
| Broker type | Market Maker | Market Maker, STP |
| Platforms | Proprietary | MT4, MT5 |
| Instruments | Commodities, Cryptocurrencies, Forex, Indices, Metals | Commodities, Forex, Indices, Metals |
| Countries accepted | 217 countries | 229 countries |
| Fee level | Low | Low |
| Trading types | CFD Trading | CFD Trading, Spot Trading |
| Best-for use cases | Copy Trading, Professional Trading, Retail Trading | Professional Trading, Retail Trading |
Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that broker — we never fill gaps with estimates.
Available at both (214): Albania, Algeria, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belgium, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Burkina Faso, Burundi, Cabo Verde, Cambodia, Cameroon, Cayman Islands, Chad, Chile, Christmas Island, Cocos (Keeling) Islands, Colombia, Comoros and 174 more.
Only eToro (3): Canada, Israel, United States of America.
Only XM (15): Afghanistan, American Samoa, Central African Republic, China, Congo, Ethiopia, Guam, Iraq, Lebanon, Mali, Nicaragua, Somalia, Venezuela, Yemen, Zimbabwe.
Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.
XM holds more regulatory licences: eToro (ASIC, CySEC, FCA) versus XM (ASIC, CySEC, DFSA, FCA, IFSC). Tier-1 licences: eToro 2, XM 2.
eToro offers Proprietary; XM offers MT4, MT5.
Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.
eToro is the older of the two, founded in 2007; XM was founded in 2009.
They overlap in 214 countries. eToro is additionally available in 3 countries (Canada, Israel, United States of America) and XM in 15 countries (Afghanistan, American Samoa, Central African Republic, China, Congo, Ethiopia and 9 more).
Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.