XTrade vs Plus500

XTrade vs Plus500 Comparison Table 2023
XTrade Review 2023	Plus500 Review 2023
Review 1.9	Review 4.1
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
Established for over 10 years, XTrade has been providing forex and CFD trading services to clients in over 25 countries. Registered in Belize, this brokerage aims to offer cutting edge technology with its proprietary trading platform, plus reliable 24/5 customer support and robust account security.	Plus500 is a leading brokerage, listed on the London Stock Exchange with 25+ million registered traders. The firm specializes in CFD trading on its intuitive, in-house platform and mobile app. Spreads are low and there are no deposit or withdrawal fees. Plus500 also has a high trust score with licenses from reputable regulators, including the FCA, ASIC and CySEC.
	82% of retail CFD accounts lose money.
Comment by Reviewer
"XTrade is a good option for experienced traders looking for strong market access, including bonds, cryptocurrencies and cannabis stocks. It will also serve traders looking for high leverage up to 1:400."	"Plus500 offers one of the best trading platforms for beginners. With a modern design and dynamic charting, we found it great for trading CFDs on popular financial markets. The $100 minimum deposit and unlimited demo account also make Plus500 accessible for aspiring investors."
Pros
Beginner-friendly forex education and blog, plus economic calendar and financial news Good range of financial markets, ideal for those looking to build a diverse portfolio Real-time market data, advanced tools and in-depth market analysis 24/5 multilingual customer support via email, telephone or live chat Accessible deposit options with fast account funding and no fees Commission-free trading Autochartist signals	Zero commissions and tight spreads on over 2,000 instruments across forex, shares, indices, commodities, cryptos and ETFs Premium service for professional traders with fee rebates, external webinars, expert analysis and a dedicated client manager ESG investing opportunities through a range of equities and indices, including the Global Warming Reduction Index Unique +Insights feature offering real-time trading analysis to uncover trends and market sentiment We enjoy using the web platform with its smooth user experience and feature-rich trading tools Excellent reputation with 25+ million clients worldwide and licensed in multiple jurisdictions Reliable 24/7 customer support via email, telephone, live chat and WhatsApp Excellent risk management tools including guaranteed stop loss orders
Cons
High $250 minimum deposit compared to alternatives Below average fees with wide spreads No cryptocurrency and Bitcoin trading $50 inactivity fee after 3 months No automated trading capabilities Only one platform available UK clients not accepted No MetaTrader integration No Islamic account	No access to the MetaTrader 4 or MetaTrader 5 platforms Average withdrawal speeds that can take up to 7 days No social trading functions for hands-off investors $10 monthly inactivity fee after 3 months Algo trading is not supported Scalping is not permitted
Awards
Best Broker Middle East 2016 - Forex Report Best Mobile Platform 2016 - FX Empire Best Forex Broker 2016 - FFXPO Awards	Best Overall Broker 2021 - DayTrading.com Best Overall Broker 2020 - DayTrading.com Best Overall Broker 2019 - DayTrading.com
Instruments
Forex, CFDs, indices, shares, commodities	CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$250	$100
Trading Platforms
Own	WebTrader App
Payment Methods
Neteller Paysafecard Skrill Sofort	Apple Pay Credit Card Debit Card Mastercard PayPal Skrill Trustly Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
CySEC, IFSC	FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA
Margin Trading
No	Yes
STP Account
No	No
ECN Account
No	No
DMA Account
No	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
No	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
Yes	iOS, Android & Windows
Auto Trading
	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
No	Yes
Custodial Account
No	No
Guaranteed Stop Loss
No	Yes
Inactivity Fee
	$10
Islamic Account
No	Yes
Account Currencies
	USD EUR GBP AUD ZAR CZK
Stock Exchanges
	Australian Securities Exchange 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
Natural Gas	Aluminium Cocoa Coffee Copper Corn Cotton Gasoline Gold Livestock Oil Palladium Platinum Silver Soybeans Sugar Wheat
CFD Trading
Trade CFDs across a broad range of markets including indices, commodities, and bonds. You can also take advantage of the platform's integrated signals service, although the lack of additional platforms is limiting.	Plus500 offers commission-free CFDs on a huge range of markets, including currencies, stocks, indices and commodities. Traders can go long or short on popular assets with flexible leverage and no hidden charges. The WebTrader platform has been specifically designed for trading CFDs.
Leverage
1:400	1:30
FTSE Spread
5 pts	1.8
GBPUSD Spread
2.5-5 pips	1.1
Oil Spread
5 pips	0.04
Stocks Spread
Variable	0.08
Forex Trading
XTrade offers a strong range of 56 forex pairs, however spreads are not very competitive, starting from 1.7 pips on the EUR/USD. The in-house platform also doesn't rival MetaTrader 4.	Plus500 offers forex trading via CFDs with tight, floating spreads and an excellent suite of 60+ currency pairs. We got spreads of 0.6 pips on the EUR/USD during testing - lower than many alternatives.
Forex App
	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
2.5-5 pips	1.1
EURUSD Spread
1.7-5 pips	0.6
EURGBP Spread
3-5 pips	1.4
Assets
56	60+
Cryptocurrency
Crypto trading not offered	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
	Variable
Coins
	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
	82% of retail CFD accounts lose money.
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