Updated February 2026

Plus500 vs XM

An in-depth comparison to help you choose the right broker for your trading journey.

50+ Data Points

Real Testing

2026 Updated

QUICK VERDICT

Who Wins?

4/5

Best for: Beginners

Visit Plus500

4/5

Best for: Beginners with small budgets

Visit XM

HEAD-TO-HEAD

Side-by-Side Comparison

Feature

Overall Rating

4/5

Minimum Deposit

$100

Spreads From

0.6 pips

Max Leverage

Up to 30:1 (EU)

Up to 1000:1

Instruments

2,800+

1,000+

Fees Score

4/5

4.2/5

Platforms Score

3.8/5

4.3/5

Education Score

3.2/5

4.5/5

Safety Score

4.5/5

Platforms

Plus500 WebTrader, Plus500 Mobile App

MetaTrader 4, MetaTrader 5, XM WebTrader, XM Mobile App

Founded

2008

2009

Headquarters

Haifa, Israel

Limassol, Cyprus

ANALYSIS

Pros & Cons

Pros

+ Publicly traded company (LSE)
+ Simple intuitive platform
+ No commissions
+ Wide instrument range
+ Negative balance protection

Cons

- Limited research tools
- No MetaTrader support
- Basic charting
- No copy trading

Open Plus500 Account

Pros

+ Ultra-low $5 minimum deposit
+ Excellent educational resources
+ Multi-regulated (FCA, CySEC, ASIC)
+ No deposit or withdrawal fees
+ Excellent customer support (24/5)

Cons

- Higher spreads than ECN brokers
- Limited research tools
- Inactivity fee after 90 days

Open XM Account

RECOMMENDATION

Which Broker Should You Choose?

Choose

If you:

Beginners
Casual traders
Mobile traders

Visit Plus500 →

Choose

If you:

Beginners with small budgets
Traders seeking education
Global traders

Visit XM →

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