| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| Plus500 | $100 Minimum Deposit | Web Trader & Apps Trading Platforms | 2000+ Markets To Trade | Plus500 offers a wide range of CFD markets to trade on a user friendly platform with integrated trading tools About |
| XM | $5 Minimum Deposit | MT4, MT5 Trading Platforms | 1000+ Markets To Trade | XM provides trading (including automated trading) on MT4 and MT5 along with a Cent account with a low minimum deposit ($5) About |
Plus500 and XM Comparison
Plus500 provides CFD trading as does XM. XM offers an account which can have low spreads with a commission charge (at CySEC regulated XM), along with accounts with higher spreads and no commission charge. XM is a no dealing desk broker, offering support for automated trading, with the provision of MT4 and MT5. Plus500 has a focus on traders who execute their own trades, with a clear intuitive trading platform.
Overall Plus500 has a larger number of markets to trade on its web trader (2000+). However XM offers a relatively large number of markets to trade on MT5 (1000+).
Plus500UK Ltd is authorized and regulated by the FCA (#509909). Plus500CY Ltd authorized & regulated by CySEC (#250/14). Plus500SG Pte Ltd is licensed by the MAS (#CMS100648-1) in Singapore. Plus500AU Pty Ltd (ACN 153301681) is licensed by: ASIC in Australia, AFSL #417727 and FMA in New Zealand, FSP #486026 and is an authorised Financial Services Provider in South Africa, FSP #47546. Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18). Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651). Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039).
XM is regulated by the CySEC in Cyprus, the ASIC in Australia and the IFSC in Belize.
Quick comparison
Plus500 can offer more markets on its web trader and apps, but XM has a relatively large number for an MT5 broker and also offers MT4.
Account types and minimum deposit
The minimum deposit for Plus500 is $/€/£100 or AU$200. The minimum deposit for XM is $/£5.
- Plus500 provides CFD trading. For all traders, Plus500 offers an Economic Calendar on its website covering news events and market effects and has economic data integrated into its platform. Plus500 offers the +Insights tool which provides real time data abut the activity of other Plus500 traders. Additionally, Plus500 offers a Trading Academy on its website as well as News and Market Insights.
- XM offers different account types depending on the region, but the core offering is the Ultra Low Micro account and the Ultra Low Standard account, each with a minimum deposit of $5. The Ultra Low Micro account offers very low trade sizes below micro lots. Other account types may be available including the XM Zero account (which charges commissions and has spreads as low as 0), which also has a minimum deposit of $5.
- XM provides its Discover tool which offers Market Pulse, a Newsdesk, Feature Ideas, Markets Insights, Fundamental Insights and a Strategy Builder. Additionally there is a wide range of research, including a Podcast and XM TV and Educational materials and Trading Tools including exclusive technical indicators for MT4 and MT5 T&Cs apply.
| Broker | Trading Platforms | Demo Accounts |
|---|---|---|
| XM Broker | MT4, MT5 Trading Platforms | XM offers a free demo where the trader can test out its features such as its wide range of Stocks CFDs to trade on MT5 Demo Account |
| Plus500 Broker | Web Trader & Apps Trading Platforms | Plus500 provides a free demo account which lets the traders test out the platform and features such as 100+ indicators and fundamental data to be found for individual markets Demo Account |
Markets
- Plus500 offers CFDs on Currency Pairs, Indices, Energy, Metals, Soft Commodities, Stocks, Cryptocurrencies, ETFs and Options, with 2000+ available.
- XM offers CFDs on Currency Pairs, Indices, Energy, Metals, Soft Commodities, Stocks and Cryptocurrencies, with 1000+ available.
Spreads and leverage
- Plus500 offers variable spreads depending on the instrument.
- Forex spreads at XM are from 0.6 without a commission charge and from 0 with a commission charge.
Maximum leverage for Plus500 is . Maximum leverage for XM (CySEC regulated) is . Maximum leverage for XM (IFSC regulated) is 888:1.
Commissions
- Plus500 does not charge commissions. Other fees and charges may apply. More information at: https://www.plus500.com/en-CY/Help/FeesCharges?productType=CFD.
- XM charges a commission of $3.5 per lot per side on its XM Zero account.
Online trading platforms
Plus500 offers its platform on desktop, tablet, mobile and watch. XM provides MT4 and MT5, available on desktop, tablet and mobile.
TL;DR
Plus500 provides an intuitive platform with a wide range of tools for the self-directed trader, while XM support robots and self-directed trading and has a low minimum deposit.
Why types of traders may find either of interest ?
Traders who want to trade on MT4 and MT5 and use a wide range of styles from robots to trading using charting and technical analysis may find XM of interest. Traders who want to execute their own trades on a clear, user friendly platform and trade a wide range of markets may find Plus500 of interest.
Why Plus500 or XM ?
Traders who want to trade on MT4 or MT5 can do so at XM. Those who want to trade on a user friendly platform may do so at Plus500. Traders who want to use automated trading can do so at XM. Traders who want to trade on a Cent account with a low minimum deposit ($5) can do this at XM.
Comparison summary
- Both offer CFD trading
- XM provides MT4 and MT5
- Plus500 offers a user friendly platform
- XM allows automated trading with robots
- Plus500 has more CFD markets to trade
- XM has a Cent account with a $5 minimum deposit
