Plus500 vs XM Comparison

Plus500 vs XM Broker Comparison

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

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 is authorized and regulated by CySEC (#250/14). Plus500SG Pte Ltd is licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018). 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.

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 offers an Economic Calendar on its website covering news events and potential market effects of this news.
  • XM CySEC regulated offers 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 account type. The Micro and Standard accounts do not charge commissions, the XM Zero account does charge commissions. The Micro and Standard accounts differ in terms of order sizes available.
  • XM ASIC regulated offers the XM Ultra Low account instead of the XM Zero account. XM IFSC regulated offers the Micro, Standard and Ultra Low accounts and a Shares account (with real Shares to own). The minimum deposit for the Ultra Low account is $50. The minimum deposit for the Shares account is $10,000.
  • XM offers an economic calendar, a personal account manager, video tutorials, daily technical analysis, Forex market research and daily Forex signals, trading tools, market outlook and webinars. XM allows EAs, hedging and scalping.

Markets

  • Plus500 offers 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 markets to trade, 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. On the Ultra Low account, EUR/USD spreads are from 0.6.
  • 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 (CySEC regulated) is .

Commissions

  • Plus500 does not charge commissions.
  • 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.

Why Plus500 or XM ?

XM is for MT4 or MT5 traders. It offers a very low minimum deposit and a cent account which has a low minimum trade size. Plus500 supports traders who wish to trade on a web trader (and apps) with a clear simplified layout and more markets, though XM has a relatively large number for an MT5 broker.

Comparison summary

  • Both offer CFD trading
  • XM provides MT4 and MT5
  • XM allows the use of online trading robots (EAs)
  • Plus500 offers a user friendly trading platform
  • XM has a lower minimum deposit and trade size
  • XM offers a relatively large number of markets on MT5
  • Plus500 has more markets to trade overall

Why types of traders may find either broker 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.

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