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Plus500 vs XTB: Comparison and Analysis

Written by Filippo Ucchino Fact-Checked by Luca Puddu Publication Date Last Updated
Our verdict · CFD trading

Plus500 and XTB are two good brokers in Nigeria for automated trading and crypto trading. That said, XTB is the better choice if you are looking for more tradable symbols (5,200 against 2,800), a lower minimum deposit (none against 100.00 USD), and TradingView next to the proprietary platform both brokers share. It allows scalping and hedging, executes orders in 6 ms, opens micro accounts, and credits deposits faster (same day against 1 day). Plus500, on the other hand, is better because it has a lower EUR/USD cost (8.00 USD per lot against 10.60 USD), a guaranteed stop loss, conditions for high-volume traders, more account base currencies (three against two), and faster withdrawals (1 day against 3 days). XTB holds licences from CySEC, the KNF, the DFSA, the FCA and the FSC (Belize), and Plus500 from CySEC, ASIC, the DFSA, the FCA, the FMA (New Zealand), the FSA (Seychelles), the ISA, the MAS and the FSCA. Both brokers cover CFDs on commodities, crypto, forex, indices and stocks, and both offer a demo account, Islamic accounts and professional accounts.

Our verdict · Real stock investing

Plus500 and XTB cannot be compared for real stock investing in Nigeria, because Plus500 is a CFD broker and does not offer real stocks to buy. If you want to invest in real stocks and you are choosing between Plus500 and XTB, XTB is the better option of the two, because it lets you own bonds, ETFs and stocks outright and charges no fees on US stocks.

Scores, winners and data below compare these brokers as CFD brokers: leveraged trading on forex, indices, commodities and crypto. Scores, winners and data below compare these brokers as stock brokers: real shares and ETFs you own outright.

Plus500

CFDCFD This broker offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD to rate it on that. Available in your country Plus500 accepts clients from the country this site is for.
76CFDOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above. not offeredStocksOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above.
Open Account

CFD service. 82% of retail investor accounts lose money

Best overall

XTB

CFDCFD This broker offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD to rate it on that. StocksStocks This broker lets you buy real assets that you own outright. Switch the comparison to Stocks to rate it on that. Available in your country XTB accepts clients from the country this site is for.
75CFDOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above. 75StocksOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above.
Open Account

80% of retail investor accounts lose money when trading CFDs with this provider.

Best for

What we compare A comparison of the kinds of traders Plus500 and XTB are best suited to, based on what each one actually offers in Nigeria.
1 / 12

Plus500 is better than XTB for high-volume traders and crypto traders. XTB, on the other hand, is better for long-term investors, scalpers and news traders. Both are a good fit for professional traders, swing traders and CFD stock traders.

Best for
Overall score Plus500 76 not offered XTB 75 -1 75
Day trading i
Long-term investing i
Professional traders i
High-volume traders i
Scalpers i
Swing traders i
News traders i
Algo traders i
Stock traders i
Crypto traders i
Futures traders i
Options traders i

Regulation

What we compare A comparison between the financial authorities that supervise Plus500 and the ones that supervise XTB.
2 / 12

Plus500 and XTB are both regulated by top-tier authorities, Plus500 by CySEC, ASIC (Australia) and the FCA (United Kingdom) and XTB by CySEC, KNF and the FCA (United Kingdom).

Regulation
Section score Plus500 100 not offered XTB 100 100
Tier-1 regulators
ESMA (European Union) i CySEC (Cyprus), KNF (Poland)
FCA (United Kingdom) i
ASIC (Australia) i
CFTC (United States) i
NFA (United States) i
SEC (United States) i
CIRO (Canada) i
MAS (Singapore) i
SFC (Hong Kong) i
JFSA (Japan) i
FINMA (Switzerland) i
Tier-2 regulators
FMA (New Zealand) i
CBR (Russia) i
FSCA (South Africa) i
DFSA (Dubai) i
CSRC (China) i
ISA (Israel) i
LFSA (Malaysia) i
JSC (Jordan) i
CMA (Kenya) i
Tier-3 regulators
FSA (Seychelles) i
MMA (Maldives) i
SCB (Bahamas) i
FSC (Mauritius) i
VFSC (Vanuatu) i
FSC (Belize) i
CIMA (Cayman Islands) i
SV FSA (Saint Vincent and the Grenadines) i
FSRC (St. Kitts & Nevis) i
BMA (Bermuda) i
BVI FSC (British Virgin Islands) i
EDR (External Dispute Resolution) i

Safety

What we compare A comparison of the tools and services that Plus500 and XTB have in place to protect your money in Nigeria.
3 / 12

Plus500 and XTB both offer segregated client funds and two-factor authentication.

Safety
Section score Plus500 72 -1 not offered XTB 73 73
Company info
Is it publicly traded i
Is it a bank i
Year founded i 2008 2002
Parent company i Plus500 Ltd. XTB S.A.
CEO i David Zruia Omar Arnaout
Money safety
Segregated client funds i
Two-factor authentication i
Investor compensation scheme i
Additional money insurance i
Partner bank i N/A
Brand power
Number of customers worldwide i 30,000,000 1,600,000
Annual revenue i USD 768,300,000 USD 260,000,000
Monthly website search traffic i

Costs

What we compare A comparison of what it costs to trade with Plus500 and with XTB in Nigeria, both on each trade and on holding the account.
4 / 12

Plus500 is better than XTB for CFD costs, given that Plus500 is cheaper on EUR/USD, at 8 USD per lot (against XTB's 10.6 USD), has tighter gold CFD spreads, at 0.75 points (against XTB's 0.89 points), and charges lower Bitcoin CFD fees, at 118.34 USD (against XTB's 205.25 USD). Neither Plus500 nor XTB charges account maintenance fees or account opening fees.

Plus500 does not offer real stocks, being a CFD broker, so XTB and Plus500 cannot be compared for real stock costs.

Costs
Section score Plus500 69 Best not offered XTB 41 -28 71
Broker fees
Deposit fees i
Withdrawal fees i
Overnight fees i
Inactivity fees i
Currency conversion fees i
Discounts on volume i
Real time market data fee i
Dividend withholding i
Account opening fees i
Account maintenance fee i
Portfolio management fee i
Fees on CFDs
Forex commission per lot i Free Free
EUR/USD average standard spread i
0.8 pips
1.06 pips
EUR/USD average raw spread i
EUR/USD average fixed spread i
EUR/USD total cost per lot i USD 8 USD 10.6
S&P 500 fees (CFD) i 0.7 points 0.59 points
Gold fees (CFD) i 0.75 points 0.89 points
Bitcoin fees (CFD) i USD 118.34 USD 205.25
US stocks fees (CFD) i Free Free
Fees on stocks
Stock fee type i Spread
US stocks fees (real) i Free
ETF fees (real) i
Management costs i
Connection costs i
Fees on futures
Futures fees per contract i
Platform fees i
Fees on options
Options fees per contract i Free
Event fees i
Fees on savings plans
IRA opening fee i
IRA maintenance fee i
401k opening fee i
401k maintenance fee i

Available markets

What we compare A comparison of the markets and products you can trade with Plus500 and with XTB in Nigeria, and of how many instruments each one gives access to.
5 / 12

Plus500 and XTB are close on CFD markets. Both Plus500 and XTB offer CFDs on commodities, crypto, forex, indices and stocks. XTB has a slight edge, as it gives access to 5,200 tradable symbols (against Plus500's 2,800), and lets you own bonds, ETFs and stocks outright.

Plus500 does not offer real stocks, being a CFD broker, so XTB and Plus500 cannot be compared for real stock markets.

Available markets
Section score Plus500 75 not offered XTB 75 45
Total tradable symbols i 2,800 5,200
Currency pairs i
Indices i
Commodities i
Stocks i
ETF i
Cryptocurrencies i
Bonds i
Interest rates i
Portfolios i
CFDs i Commodities, Crypto, Forex, Indices, Stocks Commodities, Crypto, Forex, Indices, Stocks
Futures i
Options i
Assets you can own i Bonds, ETF, Stocks

Platform

What we compare A comparison of the trading platforms that Plus500 and XTB make available to their clients in Nigeria.
6 / 12

XTB is better than Plus500 for platforms, since XTB offers TradingView and Mirror Trader, which Plus500 does not. Both Plus500 and XTB offer a proprietary platform and one-click trading.

XTB and Plus500 cannot be compared for platforms, because XTB is a broker offering both CFDs and stocks while Plus500 is a CFD broker.

Platform
Section score Plus500 72 -14 not offered XTB 86 Best 86
Proprietary platform i
MetaTrader 4 i
MetaTrader 5 i
cTrader i
Social trading platform i
Copy trading platform i
ZuluTrade i
TradingView i
Duplitrade i
Mirror Trader i
NinjaTrader i
AutoChartist i
Real time pricing i
5 digit pricing i
One-click trading i

Mobile

What we compare A comparison of the mobile apps of Plus500 and XTB in Nigeria, and of what each one lets you do from your phone.
7 / 12

Plus500 is better than XTB for mobile trading, since Plus500 offers mobile charting tools and mobile drawing tools, which XTB does not. Both Plus500 and XTB offer a proprietary mobile app and mobile price alerts.

XTB and Plus500 cannot be set side by side for mobile trading, as Plus500 is a CFD broker and does not offer real stocks, unlike XTB.

Mobile
Section score Plus500 80 Best not offered XTB 67 -13 67
Proprietary app i
Social trading app i
Copy trading app i
MetaTrader 4 app i
MetaTrader 5 app i
cTrader app i
Mobile trading signals i
Mobile alerts i
Mobile charting tools i
Mobile drawing tools i
Mobile watchlist i
Smartwatch app i

Trading features

What we compare A comparison of the trading tools and strategies that Plus500 and XTB allow on their platforms in Nigeria.
8 / 12

Plus500 and XTB are equally good for CFD trading features, since Plus500 offers guaranteed stop losses while XTB allows for scalping and expert advisors. Both Plus500 and XTB offer negative balance protection and trailing stops.

XTB and Plus500 cannot be set side by side for real stock trading features, as Plus500 is a CFD broker and does not offer real stocks, unlike XTB.

Trading features
Section score Plus500 72 -3 not offered XTB 75 74
Trade execution
Broker type i Agency NDD
Average execution time i 6 ms
Slippage occurrence i 28.05%
Requotes occurrence i
Tier-1 liquidity providers i
PFOF i
Leverage
Major FX pairs leverage i 300:1 30:1
Minor/Exotic FX pairs leverage i 300:1 20:1
Major indices leverage i 150:1 20:1
Minor indices leverage i 150:1 10:1
Gold leverage i 250:1 20:1
Commodities leverage i 150:1 10:1
Equities leverage i 20:1 5:1
Cryptocurrency leverage i 5:1 2:1
Risk management
Stop losses i
Take profits i
Limit orders i
Trailing stop i
Margin call i
OCO orders i
Guaranteed stop loss i
Negative balance protection i
Minimum trade size (FX) i 0.01 lots 0.01 lots
Minimum trade size (stocks) i USD 0 USD 0
Fractional stocks i
Trading compliance
Scalping strategies allowed i
Hedging strategies allowed i
Automated trading strategy allowed i
EAs use allowed i
HFT strategy allowed i
VPS use allowed i
API use allowed i
Price scraping allowed i
FIFO rule applies i

Account types

What we compare A comparison of the kinds of account you can open at Plus500 and at XTB in Nigeria, and of who each one is meant for.
9 / 12

Plus500 and XTB are equally good for CFD account types, since Plus500 offers an unlimited demo account while XTB offers a micro account. Both Plus500 and XTB offer a demo account and a professional traders account.

There is no like-for-like comparison for real stock account types, as Plus500 is a CFD broker and does not offer real stocks.

Account types
Section score Plus500 51 not offered XTB 50 -1 49
Demo account i
Unlimited demo account i
Standard account i
Micro account i
Cent account i
Nano account i
Raw spread account i
ECN account i
Swap-free account i
Islamic account i
Professional traders account i
Fixed spread account i
Spread betting account i
Copy trading account i
Corporate account i
Managed account i
Stock investing account i
Margin investing account i
Savings account i
Retirement account i

Account opening

What we compare A comparison of what it takes to open and fund an account with Plus500 and with XTB in Nigeria.
10 / 12

Plus500 is better than XTB for account opening, given that Plus500 offers 3 account base currencies (against XTB's 2), supports e-wallets, which XTB does not, and pays out withdrawals faster, within 1 day (against XTB's 3 days). However, XTB does not require a minimum deposit at all (against Plus500's 100 USD).

There is no like-for-like comparison for account opening, as Plus500 is a CFD broker and does not offer real stocks.

Account opening
Section score Plus500 72 Best not offered XTB 65 -7 65
Minimum deposit i USD 100 USD 0
Minimum withdrawal i USD 0 USD 0
Wire transfers i
Credit cards i
Debit cards i
eWallets i PayPal, Skrill
Local payment methods i
Account base currencies i AUD, EUR, USD EUR, USD
Deposit waiting time i up to 1 business days Instant
Withdrawal waiting time i up to 1 business days up to 3 business days
Bonus program i

Customer care

What we compare A comparison of the customer support of Plus500 and XTB in Nigeria, in how it can be reached and how fast it answers.
11 / 12

XTB is better than Plus500 for customer care, because XTB offers phone support, which Plus500 does not. Plus500 and XTB both offer live chat and email support.

XTB and Plus500 cannot be compared for customer care, because XTB is a broker offering both CFDs and stocks while Plus500 is a CFD broker.

Customer care
Section score Plus500 58 -4 not offered XTB 62 Best 62
Number of languages supported i 29 14
Website languages i Arabic, Bulgarian, Czech, Danish, German, English, Estonian, Finnish, French, Hebrew, Croatian, Hungarian, Icelandic, Latvian, Lithuanian, Maltese, Malay, Dutch, Norwegian, Polish, Portuguese, Romanian, Russian, Slovak, Slovenian, Spanish, Swedish, Turkish, Chinese Arabic, Czech, German, English, French, Hungarian, Italian, Polish, Portuguese, Romanian, Slovenian, Spanish, Turkish, Chinese
Website available in English i
Customer support languages i Arabic, Bulgarian, Czech, Danish, German, English, Estonian, Finnish, French, Hebrew, Croatian, Hungarian, Icelandic, Latvian, Lithuanian, Maltese, Malay, Dutch, Norwegian, Polish, Portuguese, Romanian, Russian, Slovak, Slovenian, Spanish, Swedish, Turkish, Chinese Arabic, Greek, English, French, Italian, Russian, Spanish, Thai, Turkish, Chinese
Customer support in English i
Call back request i
Email support i
Phone support i
Live chat i
Priority customer support i
Dedicated account manager i
Cash sweep i
Stock lending i
Distributes proceeds i
Tax withholding agent i
Tax assistance i

Learning

What we compare A comparison of the educational material that Plus500 and XTB provide to their clients in Nigeria.
12 / 12

XTB is better than Plus500 for learning, since XTB offers daily market commentary and an economic calendar, which Plus500 does not. Plus500 and XTB both offer education for advanced traders and webinars.

Only XTB can be assessed for learning, since Plus500 is a CFD broker and does not offer real stocks.

Learning
Section score Plus500 75 -13 not offered XTB 88 Best 88
Education
Education center i
Education for beginners i
Education for advanced traders i
Webinars i
Tutorials i
Glossary i
Research
Economic calendar i
Traders' sentiment i
Daily market commentary i
Daily trading ideas i
News via social media i
Professional reports i
Watchlist i
Plus500
Open Account CFD service. 82% of retail investor accounts lose money
XTB
Open Account 80% of retail investor accounts lose money when trading CFDs with this provider.
Our verdict

Plus500 vs XTB: which one should you choose?

Plus500

CFD Choose Plus500, regulated by the FCA and ASIC, if you want a CFD and forex broker with low trading costs, a guaranteed stop loss and several account base currencies.

Open Account CFD service. 82% of retail investor accounts lose money
XTB

CFD Choose XTB, regulated by the FCA and CySEC, if you want an online CFD broker with no minimum deposit, TradingView and a wide choice of markets.

Stocks Choose XTB, regulated by the FCA and CySEC, if you want a broker for securities investing with commission-free US stocks.

Open Account 80% of retail investor accounts lose money when trading CFDs with this provider.

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