Home Brokers comparison Plus500 vs. XTB

Plus500 vs. XTB

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Plus500 and XTB are leading brokerage firms. Plus500 has a transparent fee policy and funding process with an initial deposit of US$100. It has top-tier licenses from the MAS, FCA, and ASIC. We recommend it for professional traders because it offers limited research and learning tools. 

Broker NamePlus500XTB
Year Founded20082002
RegulationFCA, ASIC, CySEC, FSCA, FMA, MAS, FSAFCA, KNF, BaFIN, CNMV, AMF, CySEC, and FSC
Tradable AssetsForex, Commodities, Individual shares, ETFs, Options, Cryptocurrencies.CFDs on 3900 stocks and ETFs, 22 commodities, 42 indices, 25 cryptocurrencies, 49 forex pairs, 7800 cash equities (i.e., non-leveraged), 150 ETFs
Min Deposit$100250 ($, £, €)
Min Trade$0$0
PlatformsWeb, MobilexStation 5 (proprietary), MT4 (Higher spread)
DepositFree of charge100 ($, £, €) – free
WithdrawalsFree of charge100 ($, £, €) – free

XTB is the leading online broker for inexperienced traders. It has an FCA license and a transparent fee policy. XTB has easy-to-learn trading platforms and many educational tools. It is a good fit for new traders who want to improve their skills. 

Both online brokers have strengths and weaknesses. This article discusses the differences between Plus500 and XTB. 

Top findings from the Plus500 vs. XTB review: 

  1. Plus500 is a trustworthy broker with transparent fees and funding processes. 
  1. XTB is the leading beginner-friendly broker with reliable educational data. 
  1. Both brokers offer a virtual trading account to test their offering.  

Plus500 is an excellent choice for professional traders as it has limited educational and research tools. We recommend XTB for beginner traders because of its straightforward platforms, educational tools, and tutorials.  

Overall Rating

FeaturePlus500 XTB
Overall44.5
Commissions & Fees44
Offering of Investments45
Platforms & Tools44.5
Mobile Trading44
Research34.5
Education34
Trust Score9892
WinnerYES
72% of retail CFD accounts lose money77% of retail CFD accounts lose money

Level of experience  

Beginner traders prefer XTB over Plus500. XTB is the first choice for inexperienced traders as it has a simple-to-learn platform. All its tools are user-friendly, and it offers reliable educational materials. 

Plus500 doesn’t include educational tools for its clients. It is a good choice for professional traders because of its premium platforms. It offers some useful trading tools, including an economic calendar. Plus500 offers an excellent trading experience for experienced traders. 

Fees 

Plus500 has an initial deposit of €100. XTB doesn’t charge an initial deposit for creating an account, and it offers an active trader discount. Both brokers have a transparent fee structure. 

Assets  

Both online brokers offer access to leading forex pairs, including AUD/USD, EUR/USD, and GBP/USD. Plus500 offers 50 currency pairs, while XTB has 49. Plus500 has 2033 available CFDs, while XTB offers access to 9600 CFDs. 

Trading platform  

Plus500 has a professional proprietary platform, a web platform, and a desktop platform. It offers limited educational materials and research tools. Plus500 has an excellent mobile app with standard watch lists and alerts. Its platforms are challenging to learn for inexperienced traders. 

XTB offers a beginner-friendly proprietary platform, desktop platform, web platform, and mobile app. It provides access to social trading and MetaTrader4. Its demo account lets new traders test its offering with virtual money. 

Banking services  

Banking services are an important component of online trading. Plus500 is present on London’s stock exchange. Both brokers offer many funding options, including PayPal, Skrill, bank transfers, and credit/debit. 

Final verdict  

Plus500 and XTB are leading online brokers. Both have strengths and weaknesses depending on your trading experience. We recommend Plus500 to experienced traders who want to use a premium platform. XTB is the best choice for beginner traders, as it offers useful learning and research data. 

Plus500 compared to other brokers:


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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