Plus500 vs XM
Plus500 and XM side by side: costs, licences, platforms and scores.
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Plus500
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| Broker | Plus500 | XM |
|---|---|---|
| Overall score | 7.7 | 7.8 |
| Regulation | 9.0 | 7.8 |
| Costs | 6.8 | 7.4 |
| Platform | 7.6 | 7.8 |
| Education | 7.0 | 8.5 |
| Support | 7.6 | 7.6 |
| Cost per lot EUR/USD | €11.98 | €10.14 |
| Typical spread EUR/USD | 1.3 pip | 1.1 pip |
| Commission | None | None |
| Minimum deposit | €100 | €5 |
| Regulator | EFSA, CySEC | CySEC |
| Platforms | Web trader, Proprietary | MetaTrader 4, MetaTrader 5, Web trader, Proprietary |
| Instruments | Forex, Indices, Commodities, Shares, ETFs, Crypto | Forex, Indices, Commodities, Shares |
| Customer service | 24/7 via chat, WhatsApp and email; no phone support | 24/5 via chat, email and phone, in many languages |
| Founded | 2008 | 2009 |
Which one suits you?
Best for: Traders who want a simple proprietary platform
Plus500 is a CFD provider with its own clear platform and more than 2,800 CFDs. Its parent company is listed on the London Stock Exchange. Strong on regulation and ease of use, less suitable if you want MetaTrader or tight spreads.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with Plus500. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Best for: MetaTrader users starting with a small amount
XM is a Cyprus-based broker (CySEC) where you trade through MetaTrader 4, MetaTrader 5 or its own app. EU clients choose between an Ultra Low account without commission and a Zero account with tight spreads plus commission. Strong on education and analysis, narrower in instruments.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.3% of retail investor accounts lose money when trading CFDs with XM. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.