Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.

BrokerDNA

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

Plus500
7.9 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT PLUS500
XM Group
9.7 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT XM GROUP
XTB
10 /10

The BROKERDNA score tells you, overall, how reputable, suitable, and affordable a broker is compared to other brokers.

This score is algorithmically-generated based on 31 factors. Neither our team, nor the brokers featured on our site, are able to change this without changing their service offering. Learn more here.

VISIT XTB
About

Plus500 UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909). Plus500 have provided CFD trading services since 2008.

XM Group is regulated by the Financial Conduct Authority, CySEC and MiFID. XM have provided forex, commodities, equity and indice trading services since 2009.

XTB is regulated by the Financial Conduct Authority. XTB have provided Forex, CFD, and social trading services since 2002.

Why choose them?
  • Yes Over 10 years in business
  • Yes Only provides CFDs
  • Yes Regulated by Financial Conduct Authority (FRN 509909) and Cyprus Securities and Exchange Commission (License No. 250/14). Plus500AU Pty Ltd (ACN 153301681), licensed by: ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546
  • Yes Over 9 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, CySEC
  • Yes Over 16 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, KNF, and CMB.
Headquarters Haifa, Israel 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus Level 34, One Canada Square, Canary Wharf, E14 5AA, London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes Yes Yes
CFD Yes Yes Yes
Spread Betting No No No
Social Trading No No No
MARKETS & INSTRUMENTS
Forex (currency pairs) 61 55 48
Commodities Offered 17 15 21
Stocks Offered 1816 160 1606
Bitcoin Yes Yes Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes No Yes
Penny stocks No No Yes
Energies Yes Yes Yes
Metals Yes Yes Yes
Agriculturals Yes No Yes
FTSE Yes Yes Yes
Dow Jones Yes Yes Yes
Dax Yes Yes Yes
Nikkei Yes Yes Yes
ETFs Yes Yes Yes
IPO No Yes Yes
See all instruments

80.6% of retail investor accounts lose money when trading CFDs with this provider.

See all instruments

71.6% of retail investors lose money when trading spread bets and CFDs with this provider.

See all instruments

77% of retail investor accounts lose money when trading CFDs with this provider.

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 No Yes Yes
MT5 No Yes No
MT4 Mac No Yes Yes
WebTrader Yes Yes Yes
Mirror Trader No No Yes
ZuluTrade No No No
Sirix No No No
cTrader No No No
PAMM No No No
Custom Platforms Plus500 WebTrader No Xstation5

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image Yes Yes Yes
Available Languages

English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese

Arabic, Chinese, English, French, German, Greek, Hindi, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Spanish, Swedish, Thai, and Turkish

English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, Turkish, Arabic, and Russian.

See platform & features

80.6% of retail investor accounts lose money when trading CFDs with this provider.

See platform & features

71.6% of retail investors lose money when trading spread bets and CFDs with this provider.

See platform & features

77% of retail investor accounts lose money when trading CFDs with this provider.

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by Plus500 and XM Group

Demo account Yes Yes Yes
Mini account No Yes Yes
Micro account No Yes Yes
Standard account Yes Yes Yes
ECN Account No No No
Islamic account Yes Yes Yes
Zero spread account No Yes No
VIP account No No Yes
Fixed spreads Yes No Yes
Variable spreads Yes Yes Yes
See account options

80.6% of retail investor accounts lose money when trading CFDs with this provider.

See account options

71.6% of retail investors lose money when trading spread bets and CFDs with this provider.

See account options

77% of retail investor accounts lose money when trading CFDs with this provider.

TRADING CONDITIONS

Scalping No Yes Yes
Hedging No Yes Yes
Expert advisors (EAs) No Yes Yes
Virtual private server No Yes No
Direct market access No No Yes
STP broker No No Yes
Market maker Yes Yes Yes
Min trade Varies 0.01 Lot 0.01 Lot
Max trade Varies 50 Lot 100 Lot
Min deposit $100 $5 $1

RISK MANAGEMENT

Stop losses Yes Yes Yes
Limit orders Yes Yes Yes
One-click trading No Yes Yes
Trailing stops Yes Yes Yes
Price alerts Yes Yes Yes
Signal trading No Yes Yes

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal Yes No Yes
Neteller No Yes Yes
Skrill Yes No Yes
Payment processing time Varies Varies Same day if requested before 1PM
Withdrawal processing time Varies 2 business days Same day if requested before 1PM
See all funding options

80.6% of retail investor accounts lose money when trading CFDs with this provider.

See all funding options

71.6% of retail investors lose money when trading spread bets and CFDs with this provider.

See all funding options

77% of retail investor accounts lose money when trading CFDs with this provider.

DETAILED INFO

Excluded countries US, CA, IL, BE, KR, IR, MM, CU, SD, SY US, CA, IL, BE, KR, IR, MM, CU, SD, SY US,IN,PK,BD,IQ,IR,IL,AF,AU,CA
Contact email Send Email Send Email Send Email
Phone number No 357 25029933 44 2036953085
Live Chat Yes Yes Yes
Website http://www.plus500.co.uk/ www.xm.com www.xtb.com
Spreads:
EUR/USD (Average: 0.7 pips) 0.01% 0.1 pips + $10.00 0.1 pips
GBP/USD (Average: 1.1 pips) 0.01% 0.1 pips + $10.00 0.1 pips
USD/JPY (Average: 1.1 pips) 0.02% 0.1 pips + $10.00 0.1 pips
AUD/USD (Average: 0.8 pips) 0.01% 0.2 pips + $10.00 0.2 pips
USD/CHF (Average: 2.3 pips) 0.02% 0.2 pips + $10.00 0.2 pips
USD/CAD (Average: 2.9 pips) 0.02% 0.2 pips + $10.00 0.3 pips
NZD/USD (Average: 3.6 pips) 0.05% 0.3 pips + $10.00 0.3 pips
EUR/GBP (Average: 2.4 pips) 0.02% 0.2 pips + $10.00 0.1 pips
View all spreads

80.6% of retail investor accounts lose money when trading CFDs with this provider.

View all spreads

71.6% of retail investors lose money when trading spread bets and CFDs with this provider.

View all spreads

77% of retail investor accounts lose money when trading CFDs with this provider.

FEES

Inactivity Fee Yes Yes No
Commission No No Yes
Deposit Fee No No No
Withdrawal Fee No No No
View All Fees

80.6% of retail investor accounts lose money when trading CFDs with this provider.

View All Fees

71.6% of retail investors lose money when trading spread bets and CFDs with this provider.

View All Fees

77% of retail investor accounts lose money when trading CFDs with this provider.

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Last update

All information collected from http://www.plus500.co.uk/. Last updated on 01/09/2019.

All information collected from www.xm.com. Last updated on 01/09/2019.

All information collected from www.xtb.com. Last updated on 01/09/2019.

Company

Plus500 is an online trading service provider who are regulated by the Financial Conduct Authority (UK). To open an account with Plus500, minimum deposits start from £100.

With Plus500 you can trade CFDs on currencies, stocks, bonds, commodities, indices, bitcoin, options, and ETFs. If you like to trade on the go, Plus500 have iPhone, iPad and Android apps so you can trade from anywhere on your phone.

Plus500 offer a downloadable Windows Trader and their popular WebTrader platforms to make your trades and offer support for over 16 different languages.

The spreads offered by Plus500 vary regularly but you can see all their spreads here

For more information about trading with Plus500, we have put together an in-depth Plus500 review with all the pros and cons about this broker.

Since starting in 2009, XM Group has opened over 300,000 trading accounts, establishing itself as an industry leader with a focus on customer service it offers support in over 20 languages. With its size and resources, its users have access to a wide range of expert advice to hep everybody in the trading world.

XM has oppened accounts in over 190 countries and is regulated by multiple regulators including one of the worlds most stringent, the Financial Conduct Authority in the UK, CySEC, BaFin, CNMV and MiFID of the Eurpean Union. With 99.35% of trades executed in under a second and strictly no requotes and no rejections policy you can trade confidently with XM.

For more information about trading with XM, we have put together an indepth XM review with all the pros and cons about this broker.

XTB provides hyper fast execution and facilitates seminars with external professional traders, providing personalised education depending on your individual circumstances.

XTB operates with two factors in mind; to provide traders with the fastest execution speeds and to be the most transparent broker on the market, which is reflected by the services and products they provide.

XTB also have a dedicated education area - the Trading Academy - which contains material to help you become a better trader, including video tutorials, trading courses, articles and much more to improve your skills at every step of your trading journey.

If you are looking for a broker that is regulated by the Financial Conduct Authority and focuses on transparency, fast execution speeds and customer service, XTB is a great option.

For more information about trading with XTB, we have put together an in-depth XTB review covering the pros and cons of this broker.

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Plus500 or XM Group?

A wide range of instruments or access to MT4?

If you’re a trader looking for a broker that offers a wide variety of instruments to trade, Plus500 is likely the better option out of these brokers. However, if you want a broker that offers MetaTrader4 as a trading platform, XM Group may be more suitable.

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider Plus500 and XM Group to be equally reliable. We’ve broken down why below:

Who are they regulated by?

Plus500 is regulated by Financial Conduct Authority (FRN 509909) and Cyprus Securities and Exchange Commission (License No. 250/14). Plus500AU Pty Ltd (ACN 153301681), licensed by: ASIC in Australia, AFSL #417727, FMA in New Zealand, FSP #486026; Authorised Financial Services Provider in South Africa, FSP #47546, while XM Group is regulated by Financial Conduct Authority, CySEC, and ASIC.

As the Financial Conduct Authority are one of the most stringent regulators in the world, both Plus500 and XM Group will have very strict guidelines to follow to ensure they protect their retail trader clients.

XTB are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

Plus500 has been around for 11 years, while XM Group have been around for 10 years. Our third alternative broker, XTB, have been around for 17 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Both Plus500 and XM Group use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

We’re not aware of any penalties or fines imposed by regulators on Plus500 or XM Group in the past five years.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

According to their websites, Plus500 is more popular with over 155,000 traders, while XM Group is used by 700,000 traders. XTB, in comparison, is used by 230,000.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Plus500 is a publicly listed company, while on the other hand XM Group is still a privately owned company.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

Plus500 are based in Haifa, Israel, while XM Group are based in 12 Richard & Verengaria Street, Araouzos Castle Court, 3rd Floor, 3042 Limassol, Cyprus .

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both Plus500 and XM Group offer forex trading. Plus500 have a slightly larger variety of currency pairs with 61 pairs, compared to 55 offered by XM Group. Also, if you’re looking to trade cryptocurrencies, Plus500 offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.

Both Plus500 and XM Group allow you to trade commodities like gold, silver and crude oil.

Platforms & Account Types

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. XTB, for example, offer a mini account, standard account and VIP account.

For Muslim traders, Plus500 offers an Islamic account, which doesn’t accrue interest or incur/receive rollover swap points, as this is prohibited in Shariah law. You can learn more & compare Islamic trading accounts head-to-head here.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

While XM Group also allows scalping and hedging. You can't trade with EAs (expert advisors) on Plus500 but you can trade EAs (expert advisors) with XM Group.

In terms of risk management tools, both brokers offer negative balance protection to prevent you owing your broker more than you’ve deposited.

Plus500 also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.

Plus500 accept Paypal while XM Group accept Neteller.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, Plus500 charges 0.60 points, while XM Group charges 0.10 points. Therefore, XM Group is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: Plus500 or XM Group?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, XM Group is more reliable based on our criteria above. XM Group has a wider range of instruments to trade. Plus500 offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.