eToro vs XTB — which broker is better?

Pros

• CopyTrader is one of the most mature copy-trading products in Europe: no separate fee on top of normal trading costs, a USD 200 minimum per copied trader, and up to 100 traders copied at once.
• Nasdaq-listed since May 2025 under ETOR, which forces quarterly audited disclosure that most retail brokers never publish.
• Licensed by the FCA (583263), CySEC (109/10), ASIC (491139), MAS (CMS101824) and the SEC (8-70212) - a genuinely multi-jurisdictional stack rather than a single offshore licence.
• 300+ ETFs with zero eToro commission and fractional investing from USD 10, so small monthly contributions are not swallowed by minimum ticket sizes.
• The inactivity fee was removed in 2026; dormant accounts now cost nothing to hold.
• 150+ cryptoassets held as real coins on the investing account rather than only as CFDs, with coins transferable out to the eToro Money wallet for a 2% fee.
• The demo account carries all 11,000+ instruments and every platform feature, which makes it a usable rehearsal rather than a stripped-down toy.

Cons

• Currency conversion costs 0.75% each way between a European local-currency account and USD, before Club discounts whose size eToro's own pages state differently - for a broker whose core product is USD-denominated, that is the one number you most need.
• Stock orders cost USD 1-2 in most countries. On a EUR 200 monthly savings order that is a 0.5-1.0% drag before any conversion cost, which is expensive against Trading 212 or XTB at zero.
• Crypto costs 1.00% per position for Bronze, Silver and Gold members - charged on the way in and again on the way out. Only Platinum and above see meaningful discounts.
• No exchange-traded options or futures outside the US entity, no individual bonds and no mutual funds. The range is wide across asset classes but shallow within them.
• Withdrawals from a USD account cost USD 5 with a USD 30 minimum; only local-currency accounts (EUR, GBP, DKK) escape the charge.
• Support is chat and ticket only, with no general retail phone line, and priority routing is tied to Club tier - so the smallest accounts get the slowest service.

Pros

• xStation 5 is one of the strongest platforms in the commission-free bracket - a real screener, market heat map, sentiment data, economic calendar and news in one workspace, on web, desktop and mobile with near-identical features.
• Commission-free real stocks and ETFs up to EUR 100,000 of turnover per calendar month; above that only the excess is charged at 0.2% with a EUR 10 minimum.
• No minimum deposit at all, plus fractional shares, so a monthly savings plan can start at almost any amount.
• Listed on the Warsaw Stock Exchange since 2016 under XTB, with audited financials and a KNF licence held continuously since 2005.
• EUR/USD spreads averaging around 0.9 pips on the Standard account with no separate forex commission - competitive for a spread-only model.
• Support is genuinely multi-channel including a phone line, with local-language desks across its main European markets - a real differentiator against the chat-only app brokers.
• The mobile app keeps the analysis tools rather than stripping them out, so charting and screening actually work away from a desk.

Cons

• The 0.5% currency conversion charge (0.8% at weekends and on public holidays) applies whenever the instrument currency differs from your account currency. For a EUR investor buying US stocks it is charged on the way in and again on the way out, and it dwarfs the commission it replaces.
• A EUR 10 monthly inactivity fee kicks in after 365 days without a trade and 90 days without a deposit - a charge Trading 212 and eToro have both abolished.
• Four disclosed regulatory actions since 2018: a PLN 9.9m KNF fine for asymmetric slippage (2018), a EUR 300,000 AMF fine for compliance failures and misleading advertising (2021), a Brazilian CVM stop order (2023) and a PLN 20m KNF fine over MiFID II CFD sales breaches (2026).
• No exchange-traded futures, no individual bonds and no mutual funds. Options exist but only around 140 contracts on US stocks and ETFs, with no headline per-contract price published.
• At the Cyprus entity, withdrawals below EUR 100 cost EUR 10 - a 10% haircut on a EUR 99 withdrawal, which penalises exactly the small accounts the no-minimum-deposit policy attracts. The Polish entity, which books most EEA clients, charges nothing.
• The Belize entity (XTB International Limited, FSC licence 000302/438) is a tier-3 offshore licence with materially weaker recourse than the Polish or UK entities. Check which entity you are onboarded to.