Compare Plus500 Vs XM: Which is the Better Forex Broker in 2024?
Plus500 Vs XM, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between Plus500 Vs XM, here is the direct comparison:
Compare | Plus500 | XM |
General Rating |
1.00/5 |
3.38/5 |
Score | ||
Trustpilot |
3.5/5 1407 users |
2.6/5 580 users |
πΌ Regulation | ||
β Info | ||
β Established | 2008 | 2009 |
π² Min Deposit | $100 | $5 |
β Max Leverage | 1:300 | 1:1000 |
π’ Spread | Fixed | Variable |
πΈ Commissions | $3.50 | |
π‘ Min Position | 0.005 lot | 0.01 lot |
π³ Payment | PayPal, Skrill, Wire transfer, Credit/debit cards, BPAY, iDEAL, SOFORT, giropay and Przelewy24 | WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, Western Union, CashU, QIWI, iDEAL, SOFORT, FasaPay, giropay, paysafecard and Moneta.Ru |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Commodities | ||
Stock | ||
Indices | ||
Etf | ||
Bonds | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
Silver | ||
Index | ||
Stocks 1:5 | ||
Physical Stock |
π£ Website Languages | Arabic, Bulgarian, Czech, Danish, German, Greek, English, Spanish, Estonian, Finnish, French, Croatian, Hungarian, Icelandic, Italian, Hebrew, Japanese, Korean, Lithuanian, Latvian/Lettish, Malay, Mal | Arabic, German, Greek, English, Spanish, French, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Swedish, Thai, Turkish, Chinese |
πͺ Trade Now | Open Plus500 | Open XM |
Compare Again
Testimonials
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Plus500: There's no problem actually with their deposit process, but need...
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Plus500: They have a simple program. As a newbie in the...
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Plus500: For my 1st experience with broker, Plus500 have a very...
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Plus500: Plus500 don't like it if their trader makes a lot...
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Plus500: For almost 4 weeks they prevent me to withdraw my...
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XM: Explore!!!
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XM: full-fledged trading platform
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XM: THE BEST
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XM: Claim Bonus
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XM: Good for beginners
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See More Plus500 Testimonials
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See More XM Testimonials
News
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Plus500 Expands in Israel: Bigger HQ and More Jobs
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Compete and Win USD2,500 in the XM Weekly Demo Contest
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Plus500 Boosts Shareholder Value with $100 Million Share Buyback
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XM Collaborates with EDF to Support Education for Disadvantaged Students
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XM Forex Broker and We Listen Malaysia Join Forces to Empower Orphans
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XM Collaborates with BenihBaik to Help Indonesia's Underprivileged Communities
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XM Holds Hand with Red Cross Home for the Disabled for Magical Disney Outing
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Unlock Your Fortune: Claim Your XM Angpao Bonus Today!
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Forex Broker Plus500 Surpasses Expectations with $725M in Revenues
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See More Related Plus500 News
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See More Related XM News
Article
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Exploring XM Exclusive Technical Indicators
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Explore XM MT5 Performance in Various Devices
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Getting Started with XM Copy Trading for New Investors
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Earn Money by Sharing Strategy on XM Copy Trading
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Get to Know MT4 Platform with XM Video Tutorials
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Win Withdrawable Cash in XM Trading Competition
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Boost Your Trading Execution with XM VPS
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The Complete Guide to XM Turbo Stocks
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XM Refer a Friend: Earn up to $150 Cash
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See More Related XM Article
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- Comparison List
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, Plus500 provides their pricing with Fixed spread while XM offers Variable spread.
Plus500 vs XM: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, Plus500 enables trading with Plus500 Windows Trader, Plus500 WebTrader. The offer is supported with Trailing stop, Pending orders. In comparison, XM provides trading with MetaTrader 4, MetaTrader 5, Social Trading, Web with the support of One-click trading, Trailing stop, Pending orders.
Is Plus500 or XM better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, Plus500 supports trading with Forex, Gold & silver, CFD, Oil, Stocks, Options, Indexes, Metals, Energies, ETF, Spread betting, Crypto, while XM presents the ability of trading with Forex, Gold & silver, CFD, Oil, Crypto, Stocks, Commodities, Indices.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to Plus500 and XM:
- Compare Plus500 vs easyMarkets
- Compare Plus500 vs Axi
- Compare Plus500 vs ADSS
- Compare XM vs LiteFinance
- Compare XM vs Blueberry Markets
- Compare XM vs Fxview
For more comparisons, visit this page.