XM
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74.07% of retail CFD accounts lose money.

Vs.

Plus500
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72% of retail CFD accounts lose money

XM Vs. Plus500 - Compare and Choose the Right One

Updated Nov 18 2021

Visit

74.07% of retail CFD accounts lose money.

Visit

72% of retail CFD accounts lose money

Overview

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

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

Best For
  • 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
  • Intermediate traders looking to trade short term
  • Experienced traders looking to speculate using CFDs based on options
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The Good
  • Competitive commissions on their Zero account
  • Modest asset offering of 1500+ tradable instruments (similar to competitors in the same range)
  • CFDs on american options offered
  • Low minimum trade sizes
  • Propietary platform with multi-charting tools
The Bad
  • No proprietary platforms or technology
  • Expensive spreads and trading fees
  • Lack of asset variety when compared to other brokers in the same range
  • No ability to remove leverage
  • All instruments are CFDs, you can't buy underlying assets (real stocks or cryptocurrencies)
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
Australian Securities and Investments Commission
ADGM Financial Services Regulatory Authority
Cyprus Securities and Exchange Commission
Monetary Authority of Singapore
Financial Conduct Authority
Australian Securities and Investments Commission
📍 Year Founded
2009 2008
💳 Minimum Deposit
€, £, $ - 5 $, €, £ - 100
💰 Payment Methods
Visa
Mastercard
Bank Transfer
Neteller
Skrill
Visa
Mastercard
Bank Transfer
Paypal
Skrill
💵 Account Base Currencies
11 - USD, EUR, GBP, JPY, CHF, AUD, HUF, PLN, RUB, SGD, ZAR. 16 - USD, GBP, EUR, CHF, AUD, JPY, PLN, HUF, CZK, CAD, TRY, SEK, NOK, SGD.
🗽 Available to U.S Citizens
NO No
❌ Restricted Countries
US, CA. US, CA, CU, SY, IR.
📊 STP Account
No Yes
📊 DMA Account
No No
📊 ECN Account
No No
Assets
📚 Available Assets
Stocks
Commodities
Currencies
Indices
CFDs
Stocks
Currencies
Cryptos
Commodities
ETFs
CFDs
Indices
Options
📙 Stocks
1286 2000+
📘 Currency Pairs
57 70
📗 Commodities
15 25
📕 Indices
14 26
📔 ETFs
N/A 95
💸 Cryptocurrencies
N/A 14
📒 Bonds
N/A N/A
📓 Options
N/A 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.
📗 Futures
10 N/A
📝 Notes:
All of XM's assets are CFDs. All Plus500 assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
Fractional Share trading - Varies per stock (Eg: 0.1/16 of ADBE shares) Varies by Stock (Eg: 0.05 units of Tesla)
📉 Minimum ETFs Trade Size
N/A Varies by ETF (Eg: 0.5 units of XLK)
📈 Minimum Crypto Trade Size
N/A Varies by Crypto (Eg: 0.001 BTC)
📉 Minimum FX Trade Size
$100 (0.001 Lots) $1,000
📈 Minimum Commodities Trade Size
Varies by Commodity (Eg: 0.01 Troy ounce of Gold) Varies by Commoditty (Eg: 0.2 Troy ounces of Gold)
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
All of XM's futures are commodities, same rules apply. N/A
📉 Minimum Options Trade Size
N/A Varies by Option (Eg: 5 contracts of Tesla Calls)
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
N/A Up to 1:300
✍ Customisable Leverage
Yes No
🎲 Deleveraged Trading
No No
🎓 Demo Account
Yes Yes
📱 IOS App
No Yes
📱 Android App
No Yes
📺 MetaTrader 4
Yes No
📺 MetaTrader 5
Yes No
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
No Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No Yes
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee

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

Yes, $10 every 3 months
💰 Deposit Fees
No No
💰 Withdrawal Fees
No No
💰 Commissions

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

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

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