Plus500
Xtrade
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Overview
Plus500 was founded in 2008 and is headquartered in Israel, while Xtrade was established in 2003 and is based in Australia. Plus500 holds licences including Plus500UK Ltd authorized & regulated by the FCA (#509909), while Xtrade is regulated by Cyprus Securities and Exchange Commission (CySEC) among others. Plus500 serves 1,000,000+ clients worldwide; Xtrade has 10,000+. The minimum deposit is $100 at Plus500 and $1 at Xtrade.
| Feature | Plus500 | Xtrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Regulation | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 | Cyprus Securities and Exchange Commission (CySEC) |
| Founded | 2008 | 2003 |
| Country | Israel | Australia |
| Clients | 1,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Plus500 and Xtrade, directly affecting your bottom line as a trader. Xtrade has a lower barrier to entry with a minimum deposit of $1 (vs $100 at Plus500). Neither broker charges withdrawal fees. Plus500 applies inactivity fees on dormant accounts; Xtrade does not. Xtrade charges deposit fees; Plus500 does not. Overall, Xtrade scores higher on fees in our assessment.
| Feature | Plus500 | Xtrade |
|---|---|---|
| Min. Deposit | $100 | $1 |
| Withdrawal Fees | No | No |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Plus500 offers MT4, MT5, cTrader, while Xtrade supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Plus500 supports social and copy trading features, which Xtrade does not offer. The two brokers are closely matched on platform offering.
| Feature | Plus500 | Xtrade |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web Trader, Tablet & Mobile apps | Not available |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Plus500 and Xtrade compare. Plus500 runs regular live webinars; Xtrade does not. Plus500 has a video library; Xtrade does not. Plus500 publishes daily market commentary; Xtrade does not. Plus500 integrates third-party research tools (Trading Central, Autochartist); Xtrade does not. Plus500 maintains an archive of past webinars for on-demand viewing. Plus500 scores higher overall in education and research.
| Feature | Plus500 | Xtrade |
|---|---|---|
| Forex Education | Yes | No |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | No |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Plus500 uniquely supports bank transfer and credit/debit card and PayPal and Skrill among the two brokers. Plus500 scores higher on deposit and withdrawal flexibility.
| Feature | Plus500 | Xtrade |
|---|---|---|
| Bank Transfer | Yes | Not available |
| Credit Card | Yes | Not available |
| PayPal | Yes | Not available |
| Skrill | Yes | Not available |
| Neteller | No | Not available |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Plus500 and Xtrade offer live chat support. Both provide phone support. Email support is available at both brokers. Plus500 offers multilingual support. Both brokers are comparable on support quality.
| Feature | Plus500 | Xtrade |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese | Not available |