XTrade vs Plus500

XTrade vs Plus500 Comparison Table 2024
XTrade	Plus500
Review 1.9	Review 4.1

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.	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.
Customer Reviews
4.8 Based on 4 XTrade customer reviews	3 Based on 1 Plus500 customer reviews
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 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
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	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
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	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 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 on 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
App Review
	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
	4.3
iOS App Rating
	4.1
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 (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
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 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
1:400	1:30
FTSE Spread
5 pts	1.2
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 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
	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
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