Plus500 vs XM Comparison

Plus500 vs XM Broker Comparison

Plus500 versus XM
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100Web Trader & Apps2000+FCA, CySEC, ASIC, FSCA, FMA, MAS & IE
$5MT4, MT51000+FCA, CySEC, ASIC

Plus500 and XM Comparison

Plus500 provides CFD trading as does XM. XM additionally offers accounts which have low spreads with a commission charge, 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 discretionary trading, with a clear intuitive trading platform.

Plus500 provides a large number of products to trade, XM offers less, but both offer a range of markets. Plus500 and XM are regulated by the FCA in the United Kingdom, by the CySEC in Cyprus and by the ASIC in Australia. Plus500 is additionally regulated by the FSB in South Africa, the FMA in New Zeland and the MAS and IE in Singapore.

Quick comparison

Plus500 can offer more markets on its web trader and apps, but XM has a relatively large number for an STP broker and also offers MT4 and MT5.

Account types and minimum deposit

The minimum deposit for Plus500 is $/€/£100 or AU$200. The minimum deposit for XM is $/£5.

  • XM provides three account types, a Micro and a Standard account, both with minimum deposits of $5 and the XM Zero account, with a minimum deposit of $100. An Islamic account is available for each of these account types. The Micro and Standard accounts do not charge commissions, the XM Zero account does charge commissions.
  • XM offers free VPS for clients who have a minimum balance of $5000 in their account, terms and conditions apply. XM also offers a personal account manager, video tutorials, daily technical analysis, Forex market research and daily Forex signals, market outlook and webinars.

Markets

  • Plus500 offers CFD trading in Currency Pairs, Indices, Energy, Metals, Soft Commodities, Stocks, Cryptocurrencies, ETFs and Options.
  • XM offers Currency Pairs, Indices, Energy, Metals, Soft Commodities, Stocks and Cryptocurrencies.

Plus500 provides more CFDs, with over 2000, versus over 1000 provided by XM.

Cryptocurrency CFDs

  • Plus500 provides Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, IOTA, NEO, Monero, EOS, Stellar, Cardano and TRON.
  • XM provides Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Spreads and leverage

  • Plus500 offers fixed and variable spreads depending on the instrument.
  • Spreads at XM are variable. For the Standard and Micro accounts spreads are from 1 for EUR/USD, 1.5 for UK 100, 0.4 for Gold and 0.05 for US Crude Oil. XM also offers Futures, with UK100 spreads from 4.5.
  • For the XM Zero account, EUR/USD has an average spread of 0.1 (but can reach a low of 0). On the XM Zero account Gold has an average spread of 0.21.

Maximum leverage for Plus500 is . Maximum leverage for XM (FCA or CySEC regulated) is .

Commissions

  • Plus500 does not charge commissions.
  • XM charges a commission of $3.5 per lot per leg on its XM Zero account.

Platform

Plus500 offers its own platform on desktop, tablet, mobile and watch. XM provides MT4 and MT5, available on desktop, tablet and mobile.

Why Plus500 or XM ?

XM is for MT4 or MT5 traders, offering STP and STP/ECN trading. It also has a very low minimum deposit, though a higher one for its STP/ECN account. Plus500 supports traders who wish to focus on a web trader (and apps) with a clear simplified layout and more markets, though XM has a relatively large number for an STP broker.

Comparison summary

  • Plus500 provides CFD trading with tight spreads
  • XM offers STP/ECN trading with a commission charge and STP trading without
  • Plus500 offers a large number of CFDs, XM offers a smaller number
  • XM has a lower minimum deposit overall
  • Both have the same minimum deposit, when the XM Zero account is considered
  • Both brokers are regulated by the FCA, the CySEC and the ASIC

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