Plus500
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72% of retail CFD accounts lose money

Vs.

XM
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74.07% of retail CFD accounts lose money.

Plus500 Vs. XM - Compare and Choose the Right One

Updated Nov 25 2021

Visit

72% of retail CFD accounts lose money

Visit

74.07% of retail CFD accounts lose money.

Overview

Plus500 is an international broker specialised in CFD trading with a big range of assets including CFDs based on American options

XM is an international broker headquartered in Cyprus which offers MetaTrader 4 & 5 and over 1500 + tradable assets.

Best For
  • Intermediate traders looking to trade short term
  • Experienced traders looking to speculate using CFDs based on options
  • Experienced traders looking to trade shares in high volume using their Zero account
  • MetaTrader users wishing to explore XM's offering while maintaining their preferred platforms
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The Good
  • CFDs on american options offered
  • Low minimum trade sizes
  • Propietary platform with multi-charting tools
  • Competitive commissions on their Zero account
  • Modest asset offering of 1500+ tradable instruments (similar to competitors in the same range)
The Bad
  • No ability to remove leverage
  • All instruments are CFDs, you can't buy underlying assets (real stocks or cryptocurrencies)
  • No proprietary platforms or technology
  • Expensive spreads and trading fees
  • Lack of asset variety when compared to other brokers in the same range
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 day 1 day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

🏛 Financial Regulators
Cyprus Securities and Exchange Commission
Monetary Authority of Singapore
Financial Conduct Authority
Australian Securities and Investments Commission
Cyprus Securities and Exchange Commission
Australian Securities and Investments Commission
ADGM Financial Services Regulatory Authority
📍 Year Founded
2008 2009
💳 Minimum Deposit
$, €, £ - 100 €, £, $ - 5
💰 Payment Methods
Visa
Mastercard
Bank Transfer
Paypal
Skrill
Visa
Mastercard
Bank Transfer
Neteller
Skrill
💵 Account Base Currencies
16 - USD, GBP, EUR, CHF, AUD, JPY, PLN, HUF, CZK, CAD, TRY, SEK, NOK, SGD. 11 - USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR.
🗽 Available to U.S Citizens
No NO
❌ Restricted Countries
US, CA, CU, SY, IR. US, CA.
📊 STP Account
Yes No
📊 DMA Account
No No
📊 ECN Account
No No
Assets
📚 Available Assets
Stocks
Currencies
Cryptos
Commodities
ETFs
CFDs
Indices
Options
Stocks
Commodities
Currencies
Indices
CFDs
📙 Stocks
2000+ 1286
📘 Currency Pairs
70 57
📗 Commodities
25 15
📕 Indices
26 14
📔 ETFs
95 N/A
💸 Cryptocurrencies
14 N/A
📒 Bonds
N/A N/A
📓 Options
Option CFDs (Calls and Puts) on: Alphabet, Facebook, Apple, DeutscheBank, Snap, Twitter, Amazon, Microsoft, Netflix, Tesla and NIO along with major indices and EUR/USD. N/A
📗 Futures
N/A 10
📝 Notes:
All Plus500 assets are CFDs. All of XM's assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
Varies by Stock (Eg: 0.05 units of Tesla) Fractional Share trading - Varies per stock (Eg: 0.1/16 of ADBE shares)
📉 Minimum ETFs Trade Size
Varies by ETF (Eg: 0.5 units of XLK) N/A
📈 Minimum Crypto Trade Size
Varies by Crypto (Eg: 0.001 BTC) N/A
📉 Minimum FX Trade Size
$1,000 $100 (0.001 Lots)
📈 Minimum Commodities Trade Size
Varies by Commoditty (Eg: 0.2 Troy ounces of Gold) Varies by Commodity (Eg: 0.01 Troy ounce of Gold)
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A All of XM's futures are commodities, same rules apply.
📉 Minimum Options Trade Size
Varies by Option (Eg: 5 contracts of Tesla Calls) N/A
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:300 N/A
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
No No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes No
📱 Android App
Yes No
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
No Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes No
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No Yes
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
Yes No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee
Yes, $10 every 3 months

Yes, $15 one time payment after 1 year of inactivity and then $5 monthly.

💰 Deposit Fees
No No
💰 Withdrawal Fees
No No
💰 Commissions
No

Yes on Zero accounts ($7 per lot round turn).

Spreads
📈 EUR/USD
Dynamic - From 0.8 Pips From 1.7 Pips
📉 SP500
Dynamic - From 70 Pips From 40 Pips
📈 GOLD
Dynamic - From 30 Pips From 35 Pips
📉 TSLA (Stock CFD)
Dynamic - From $5.2 From $9.4
📈 XLK (ETF - CFD)
Dynamic - From 7 Pips N/A
📉 BTC
Dynamic - From $136 N/A
Research and Analysis
⭐ Watchlists
No, only allows setting an individual favourites list Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No

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