XTB vs Plus500

XTB vs Plus500 Comparison Table 2024
XTB	Plus500
Review 4.8	Review 4.1

Founded in 2002 in Poland, XTB now serves more than 935,000 clients. The forex and CFD broker combines a heavily regulated trading environment with an extensive selection of 5,600+ assets and a commitment to trader satisfaction, featuring an intuitive in-house platform with superb tools to support aspiring day traders.	Established in 2008 and headquartered in Israel, Plus500 is a prominent brokerage that boasts over 25 million registered traders in over 50 countries. Specializing in CFD trading, the company offers an intuitive, proprietary platform and mobile app. It maintains competitive spreads and does not charge commissions or deposit or withdrawal fees. Plus500 also continues to shine as one of the most trusted brokers with licenses from reputable regulators, including the FCA, ASIC and CySEC.
78% of retail accounts lose money.
Customer Reviews
4.5 Based on 2 XTB customer reviews	3 Based on 1 Plus500 customer reviews
Comment by Reviewer
"XTB stands out as a top choice for new day traders with the terrific xStation platform, commission-free pricing, no minimum deposit, and excellent educational tools, many of which are seamlessly integrated into the platform. "	"Plus500 offers a super-clean experience for traders with a CFD trading platform that sports a modern design and dynamic charting. That said, the broker’s research tools are limited, fees trail the cheapest brokers, and there’s room for enhancement in its educational resources."
Pros
With over 5,600 instruments across forex, stocks, indices, ETFs, commodities, and cryptocurrencies, including CFDs, share dealing and more recently Investment Plans, XTB caters to both short-term traders and longer-term investors. The xStation platform continues to impress with its user-friendly interface and intuitive features, including customizable news feeds, sentiment heatmaps, and trader calculator, reducing the learning curve for newer traders. With an excellent range of educational materials, including training videos and articles integrated into the platform, XTB supports traders at all levels. XTB has boosted its interest rate on all uninvested balances (up to 5.2%) while competitors like eToro only offer up to 5% on balances of $50K+. Opening an XTB account is a hassle-free, entirely online process that takes just a few minutes, making the entry into day trading smooth for new traders. First-class 24/5 customer support is available, including a friendly live chat with response times of under two minutes during testing. XTB offers fast withdrawals with same-day payments if requested before 1 pm, ensuring day traders have quick access to their funds.	Plus500 provides a specialized WebTrader platform designed explicitly for CFD trading, offering a clean and uncluttered interface The broker offers commission-free trading on a diverse range of markets, minimizing additional fees while appealing to established traders Plus500 has recently bolstered its suite of short-term trading products, including introducing VIX options with enhanced volatility You can utilize leverage while engaging in long or short positions, allowing for more strategic trading opportunities The customer support team continue to provide reliable 24/7 support via email, live chat and WhatsApp
Cons
XTB does not offer a raw spread account, which is becoming increasingly common among competitors like Pepperstone, and may disappoint day traders looking for the tightest spreads. The demo account expires after just four weeks, a serious limitation for traders who wish to thoroughly test the xStation platform and practice short-term strategies before committing real funds. XTB discontinued support for MT4, limiting traders to its proprietary platform, xStation, potentially deterring advanced day traders familiar with the MetaTrader suite. Trading fees are competitive with average spreads of around 1 pip on the EUR/USD but still trail the cheapest brokers like IC Markets, plus there's an inactivity fee after 12 months. The research tools at XTB are good but could be great if they went beyond in-house features with access to leading third-party tools such as Autochartist, Trading Central and TipRanks. Not being able to adjust the default leverage level of XTB products is frustrating, as manual adjustment can significantly mitigate trade risk, especially in forex and CFD trading.	Plus500’s lack of support for MetaTrader or cTrader charting tools might be a deal breaker for advanced day traders looking for familiarity Educational resources are limited compared to best-in-class brokers like eToro, impacting the learning curve for beginners The absence of social trading means users can’t follow and replicate the trades of experienced traders Compared to some competitors, especially IG, Plus500’s research and analysis tools are limited Algo trading and scalping are not supported, which may deter some day traders
Awards
Best Forex Broker for Beginners 2022 Best Customer Service 2021 Best Forex Broker for Low Costs 2021 Best Mobile App for Investing 2020 #1 EMEA Bloomberg spot for FX accuracy in Q2 of 2020 and Q3 of 2018 Best Polish Forex Broker 2019 Best Execution Broker 2019	Best Overall Broker 2021 - DayTrading.com Best Overall Broker 2020 - DayTrading.com Best Overall Broker 2019 - DayTrading.com
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Crypto, ETFs	CFDs on Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$0	$100
Trading Platforms
xStation	WebTrader App
Payment Methods
Credit Card Debit Card Maestro Mastercard Neteller PayPal Paysafecard Skrill Visa Wire Transfer	Apple Pay Credit Card Debit Card Mastercard PayPal Skrill Trustly Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FCA, CySEC, KNF, CNMV, DFSA, FSC	FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA
Margin Trading
Yes	Yes
Margin Rate
4.5%
STP Account
Yes	No
ECN Account
No	No
DMA Account
Yes	No
MAM Account
No	No
PAMM Account
No	No
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
Yes	No
Mobile Apps
iOS & Android	iOS, Android & Windows
App Review
Year after year XTB’s app stands out for its slick design and uncluttered interface that we love. It’s quick, responsive and packed with useful features, notably integrated sentiment data, market news, economic calendars and education. The user-friendly order panel underneath the trading chart also makes placing trades, including adding take profit and stop loss levels, really straightforward.	Plus500 have developed their mobile apps to match the WebTrader online platform . Secure and reliable, the app is among the best out there. Stop loss and limits are available, free alerts and a full range of markets and instruments are available. Visit the download page here.
Android App Rating
4.1	4.3
iOS App Rating
4.7	4.1
Auto Trading
Open API	No
Copy Trading
No	No
Social Trading
No	No
Trade Signals
Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
Yes	Yes
Custodial Account
No	No
Guaranteed Stop Loss
Yes	Yes
Inactivity Fee
$0	$10
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP HUF	USD EUR GBP AUD ZAR CZK
Stock Exchanges
Australian Securities Exchange (ASX) Bombay Stock Exchange CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange IBEX 35 Japan Exchange Group Nasdaq New York Stock Exchange Russell 2000 S&P 500 SIX Swiss Exchange	Australian Securities Exchange (ASX) Borsa Italiana CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 London Stock Exchange Nasdaq S&P 500 SIX Swiss Exchange
Commodities
Aluminium Cocoa Coffee Copper Corn Cotton Gasoline Gold Livestock Natural Gas Nickel Oil Palladium Platinum Precious Metals Silver Soybeans Sugar Wheat Zinc	Aluminium Cocoa Coffee Copper Corn Cotton Gasoline Gold Livestock Oil Palladium Platinum Silver Soybeans Sugar Wheat
CFD Trading
XTB offers a huge selection of more than 2,100 CFDs spanning forex, indices, commodities, stocks, ETFs, and cryptos (location-dependant). Leverage up to 1:30 is available in the EU and UK, while global clients and pro traders can access up to 1:500. XTB stands out for its CFD trading resources and tutorials to assist traders in developing short-term trading strategies.	Plus500 presents commission-free CFDs encompassing a vast array of markets, spanning currencies, stocks, indices, and commodities. You can engage in long or short positions on popular assets, benefiting from adaptable leverage without encountering any concealed fees.
Leverage
1:30 (EU) 1:500 (Global)	1:30
FTSE Spread
1.8	1.2
GBPUSD Spread
1.4	1.1
Oil Spread
0.03	0.04
Stocks Spread
0.2%	0.08
Forex Trading
XTB provides access to 70+ currency pairs with low spreads averaging around 1 pip on majors. The xStation platform offers an intuitive environment for forex traders with an excellent charting package encompassing 30+ indicators, plus a range of order types, catering to various strategies and risk management techniques.	Plus500 provides forex trading through CFDs, featuring narrow spreads across an impressive selection of over 60 currency pairs. During testing, spreads came in as tight as 0.6 pips on the EUR/USD, which is notably lower than many alternatives.
Forex App
With over 1 million downloads and a rating of 4.5*, XTB deliver a mobile trading platform that users love. Slick and reliable, the app boasts a range of extra features including advanced charts and market sentiment indicators. Download xStation by XTB here.	Plus500 have developed their mobile apps to match the WebTrader online platform . Secure and reliable, the app is among the best out there. Stop loss and limits are available, free alerts and a full range of markets and instruments are available. Visit the download page here.
GBPUSD Spread
1.4	1.1
EURUSD Spread
1.0	0.6
EURGBP Spread
1.4	1.4
Assets
70+	60+
Cryptocurrency
XTB offers an excellent selection of cryptos with more than 50 digital currencies. Spreads are tight starting from 0.22% on BTC and leverage reaches 1:5. The xStation platform also provides intra-crypto pairs like ETH/BTC and DSH/BTC. With the capability to trade cryptos 24/7, XTB ensures a secure environment with transparent accounts for cryptocurrency day trading.	Investors can trade on rising and falling prices with CFDs on popular cryptos like Bitcoin. Plus500 also stands out for its crypto indices, which offer diversification opportunities by tracking a basket of leading digital currencies. Availability subject to regulation.
Spread
0.22%	Variable
Coins
ADA BTC BCH DSH EOS ETH IOTA LTC NEO XRP XLM TRX XEM XLM XMR DOGE BNB LINK UNI DOT XTZ	BCH BTC ETH LTC XRP IOTA NEO EOS XMR
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
78% of retail accounts lose money.
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