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When comparing XtraFinder vs Magnet, the Slant community recommends XtraFinder for most people. In the question“What are the best power user tools for macOS?” XtraFinder is ranked 23rd while Magnet is ranked 51st.
Question Ranking
Pros
Pro Free
Pro Old full-size color labels from OS X < 10.9
Pro Adds useful toolbar items
XtraFinder provides useful options for toolbar such as: Launch as Root, New Terminal Here, New File..., and Select...
Pro Additional right-click options
Xtra Finder provides additional options when performing the right click.
Pro Custom hotkeys
Pro Copy Path
Pro Can open a terminal in set position
XtraFinder can open up a terminal from the right-click menu in given path with "New Terminal Here".
Pro Dual panel
Split the Finder window into to windows to achieve better file handling.
Pro Colored icons in the Finder sidebar
Pro Keyboard centric
Easy to learn keyboard shortcuts.
Pro Intuitive handling
Just drag the window to one of the sides of the screen and it snaps there. This is especially useful for those who can't be bothered remembering the shortcuts.
Pro Cheap
At $0.99, it is not that expensive.
Pro Mouse controllable
Supports dragging a window along the edges of the screen to activate.
Pro Do not have to learn or remember keyboard shortcuts
Pro It's often on sale
For example, at the writing of this pro it's currently at $1.
Pro Up to six external displays supported
Cons
Con Doesn't work on recent macOS versions without a workaround
This tool doesn't work on recent macOS versions, except if you try workaraound that may or may not work. It involves disabling System Integrity Protection and details on how to do it can be found on the XtraFinder website.
Con Cannot setup custom sizes and window positions
Unfortunately, you can only move windows to preset positions.
Con Can only be purchased from the App Store
Magnet is only available in App Store.
Con Can't hide the menu bar icon
It would've been nice to be able to hide the icon so it doesn't clutter the menu bar.
Con Interference when switching between folders
Default Folder-X app "warns" that Magnet App may interfere with it's ability to switch between folders in Open and Save dialogue boxes.
Con Causes cursor bugs in IntelliJ IDEs
Unfortunately, Magnet causes the caret to bounce around in IntelliJ IDEs, this is very annoying.
