Our comparison of Forex brokers Plus500 and XTB looks at differences and similarities between trading costs, platforms, regulation, and more to help you decide on a broker to trade with.
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Plus500 and XTB are both renowned forex brokers, but they differ significantly in their offerings. Plus500 is known for its proprietary trading platform and a wide range of trading instruments, while XTB stands out with its award-winning xStation 5 platform and superior educational resources.
When it comes to trading costs, both Plus500 and XTB offer competitive pricing. However, the specifics can vary depending on the account type and trading conditions.
Plus500 offers tighter spreads on its standard account compared to XTB. This can lead to lower trading costs in the long run.
For traders who prefer raw spreads, XTB’s pro account provides more competitive pricing than Plus500’s equivalent.
Plus500 operates on a commission-free model, making money through spreads, while XTB charges commissions on certain account types.
Both brokers offer free deposits and withdrawals, which is a plus for traders who move money frequently.
Plus500 and XTB both charge inactivity fees, but Plus500’s fee kicks in after a shorter period of inactivity.
| Broker | Inactivity Fee | Overnight Fee |
|---|---|---|
| Plus500 | Yes | Yes |
| XTB | Yes | Yes |
Verdict: Both Plus500 and XTB charge inactivity and overnight fees. It’s important for traders to be aware of these costs, especially if they plan to hold positions overnight or remain inactive for extended periods.
Both Plus500 and XTB are highly regulated. Plus500 is regulated by several top-tier financial authorities worldwide, including the Australian Securities and Investments Commission (ASIC), the UK’s Financial Conduct Authority (FCA), and the Cyprus Securities and Exchange Commission (CySEC). It’s also regulated by other notable regulatory bodies such as BaFin in Germany, FINMA in Switzerland, and the Monetary Authority of Singapore (MAS), among others. This extensive regulatory oversight ensures that Plus500 adheres to strict operational standards, providing traders with a secure and transparent trading environment.
Similarly, XTB is also regulated by multiple top-tier financial authorities, including ASIC, FCA, and CySEC. In addition, it’s regulated by the KNF in Poland, where it’s headquartered, and other regulatory bodies such as the Dubai Financial Services Authority (DFSA) and the Financial Sector Conduct Authority (FSCA) in South Africa. Like Plus500, XTB’s wide regulatory oversight guarantees a high level of investor protection and operational transparency.
Verdict: In terms of trust and regulation, it’s a tie. Both Plus500 and XTB are regulated by multiple top-tier authorities, ensuring a high level of investor protection.
| Broker | Regulator |
|---|---|
| Plus500 | ASIC, FCA, CySEC, FMA, MAS, DFSA, EFSA |
| XTB | FCA, CNMV, BaFin, KNF, CySEC, DFSA |
Plus500 and XTB offer different trading platforms to their users.
While Plus500 offers its proprietary platform, XTB supports both MetaTrader 4 and MetaTrader 5, popular platforms known for their advanced features and customisability.
Neither Plus500 nor XTB offer cTrader or TradingView.
| Criteria | Plus500 | XTB |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | No | No |
| cTrader | No | No |
| TradingView | No | No |
| Other Platforms | No | xStation 5 xStation Mobile |
| VPS Services | Yes | Yes |
While Plus500 does not offer social or copy trading, XTB offers social trading via its xSocial platform.
XTB offers VPS services for better trade execution, while Plus500 does not. Both brokers offer a variety of trading tools, including economic calendars, market news, and analysis.
Verdict: XTB wins this category due to its support for MetaTrader 4 and 5, social trading, and VPS services.
Execution speed can be crucial in trading, especially for day traders and scalpers. Both Plus500 and XTB offer fast execution speeds, but XTB has a slight edge due to its superior technology and infrastructure.
| Broker | Execution Speed |
|---|---|
| Plus500 | Fast |
| XTB | Faster |
Verdict: Execution speed can be crucial in trading, especially for day traders and scalpers. Both Plus500 and XTB offer fast execution speeds, but XTB has a slight edge due to its superior technology and infrastructure.
Plus500 offers two account types: a demo account and a live account. XTB, on the other hand, offers a demo account, a standard account, and a pro account, providing more options for different types of traders.
Verdict: XTB wins this category with a wider range of account types.
Both Plus500 and XTB offer excellent customer service, available 24/7. They offer multiple channels of communication, including live chat, email, and phone support. However, XTB has a slight edge due to its more responsive and helpful service.
Verdict: XTB wins this category with its superior customer service.
Plus500 has a lower minimum deposit requirement compared to XTB, making it more accessible for beginners or those with a smaller trading budget.
Both brokers offer a variety of payment methods, including credit/debit card, bank transfer, and e-wallets.
In terms of educational resources, XTB offers a more comprehensive suite of educational materials, including webinars, courses, and market analysis.
Verdict: Plus500 wins for its lower minimum deposit, but XTB wins for its superior educational resources.
| Criteria | Plus500 | XTB |
|---|---|---|
| Trading Instruments | ||
| Forex CFD | 65 | 48 |
| Shares CFD | 11,000+ | 1848 |
| Cryptos CFD | 18 (+ Crypto 10) | 10+ |
| Commodities CFD | 5 Metals 7 Energies 10 Softs |
7 Metals 6 Energies 10 Softs |
| Indices CFD | 65 | 30 |
| Bonds/Treasuries CFD | No | 3 |
| Spread Betting (UK only) | No | No |
| Other Products | No | No |
| Shares (underlying) | No | No |
Best For Beginner Traders: Plus500, with its user-friendly platform and lower minimum deposit, is a great choice for beginner traders.
Best For Experienced Traders: XTB, with its advanced platform, comprehensive educational resources, and wider range of account types, is better suited for experienced traders.
In conclusion, both Plus500 and XTB are excellent choices for forex trading, each with its own strengths. Plus500 is a great choice for beginners due to its user-friendly platform and lower minimum deposit. On the other hand, XTB is better suited for experienced traders due to its advanced platform, comprehensive educational resources, and wider range of account types.
Plus500 is better for beginner traders due to its user-friendly platform and lower minimum deposit.
XTB is better for experienced traders due to its advanced platform, comprehensive educational resources, and wider range of account types.
