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Plus500 vs XTB - which service is better?

A comparison of the fees charged by the two brokers shows that Plus500's fees are higher than XTB's.

Account opening takes about the same effort at both service providers, deposit and withdrawal processes are somewhat user-friendlier at Plus500, while its customer service quality is somewhat better than XTB's.

Our experts rated the trading platform of Plus500 as somewhat better than the platform of XTB, found that clients have access to slightly less markets and products with Plus500, while XTB provides better research and education.

Plus500 vs XTB
  Plus500 XTB
Overall score 4.7 4.8
Recommended for Experienced traders looking for an easy-to-use platform and a great user experience Forex and CFD traders looking for low fees and great deposit/withdrawal service
Country of origin Israel Poland
Fees score 3.9 stars 4.4 stars
Visit Plus500
79% of retail CFD accounts lose money

Visit XTB
76% of retail CFD accounts lose money

Plus500 summary

Plus500 summary
  Plus500
Summary Plus500 is a global CFD broker listed on the London Stock Exchange's Main Market and regulated by many authorities including the UK's FCA and CySEC of Cyprus.
Foundation date 2008
Country of origin Israel
Recommended for Experienced traders looking for an easy-to-use platform and a great user experience

The fact that Plus500 is listed on a stock exchange, it is regulated by several top-tier financial authorities, and discloses its financials publicly are all good signs for the broker's legitimacy.

Plus500 is a CFD & forex broker - with extras

Although its product portfolio consists mainly of CFDs and forex products, Plus500 has recently introduced an Invest platform where clients can trade real stocks from some EEA countries and the USA.

 

XTB summary

XTB summary
  XTB
Summary XTB is a global CFD broker, listed on the Warsaw Stock Exchange. XTB is regulated by many financial authorities globally, including the top-tier FCA.
Country of origin Poland
Foundation date 2,002
Recommended for Forex and CFD traders looking for low fees and great deposit/withdrawal service

 

How XTB and Plus500 compare

 

The two brokers have very similar profiles; in addition to both focusing on CFDs, key similarities include:

  • Deposit, withdrawal and account opening/maintenance are free of charge 
  • Both brokers charge an inactivity fee 
  Plus500 XTB
Overall score 4.7 4.8
Overall pros
  • Easy-to-use platform
  • Great account opening
  • Quick and helpful customer support
  • Low forex CFD fees, commission-free stocks/ETFs for some 
  • Free and fast deposit and withdrawal 
  • Easy and fast account opening
Overall cons
  • Limited product range
  • Mediocre research tools
  • Average CFD fees
  • Product portfolio limited mostly to CFDs
  • Limited fundamental data
  • Inactivity fee charged
Deposit and withdrawal score 5.0 stars 4.5 stars
Account opening score 5.0 stars 5.0 stars
Customer service score 5.0 stars 4.4 stars
Trading platform combined score 4.9 stars 4.4 stars
Web platform score 4.5 stars 4.4 stars
Mobile platform score 5.0 stars 4.4 stars
Markets and products score 2.9 stars 2.9 stars
ESG score 1.2 stars 1.8 stars
Research score 3.4 stars 4.7 stars
Education score 3.5 stars 5.0 stars

 

Plus500 vs XTB: Markets and products

 

Both XTB and Plus500 are primarily CFD brokers. At XTB, some Euopean clients can also trade real stocks and ETFs while Plus500 has recently launched its Invest platform that gives access to a selection of real stocks. 

Product selection of Plus500 and XTB
  Plus500 XTB
Stocks Yes Yes
ETFs No Yes
Forex No Yes
Funds No No
Bonds No No
Options No No
Futures No No
Crypto No Yes
CFDs Yes Yes
Currency pairs (#) 70 57
Visit Plus500
79% of retail CFD accounts lose money
Visit XTB
76% of retail CFD accounts lose money

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Further reading:

 

 

Author of this article

Márton Oláh

Author of this article

Márton Oláh, MSc has been a macro and value investor of stocks for 10 years on his own account. Since 2020 he has been trading options and volatility as well. Márton has founded a venture capital backed company and led it for 8 years before professionally turning to finance therefore is an expert in interpreting company reports.

Márton Oláh

Strategic Advisor

Márton Oláh, MSc has been a macro and value investor of stocks for 10 years on his own account. Since 2020 he has been trading options and volatility as well. Márton has founded a venture capital backed company and led it for 8 years before professionally turning to finance therefore is an expert in interpreting company reports.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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