Compare FXOpen vs Plus500

Compare FXOpen vs Plus500

FXOpen versus Plus500
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT465+FCA, ASIC, FSRC
$100Web Trader & Apps2000+FCA, ASIC, FSB, CySEC, FMA, MAS & IE

FXOpen and Plus500 Comparison

FXOpen is an MT4 ECN broker. Plus500 offers a clear simplified platform, with a relatively wide range and number of CFDs to trade. As an ECN broker offering MT4, with high speed no dealing desk order execution, FXOpen provides support for both discretionary and automated trading. Plus500 is aimed at discretionary trading. Indeed the clarity of its platform can be seen reflecting the needs of this kind of trading. It has a relatively wide range of technical indicators to help the trader analyse the chart.

FXOpen is regulated by the FCA in the United Kingdom, the ASIC in Australia and the FSRC in Nevis. Plus500UK Ltd is authorized and regulated by the FCA (#509909). Plus500CY Ltd is authorized and regulated by CySEC (#250/14). Plus500SG Pte Ltd is licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018). Plus500AU Pty Ltd (ACN 153301681) is licensed by: ASIC in Australia, AFSL #417727 and FMA in New Zealand, FSP #486026 and is an authorised Financial Services Provider in South Africa, FSP #47546.

Quick comparison

FXOpen is an MT4 ECN broker. Plus500 provides a web trader and apps and considerably more markets to trade.

Minimum deposit and account types

The minimum deposit for FXOpen is €/$300 or £200. The minimum deposit for Plus500 is $/€/£100 or AU$200.

  • FXOpen offers three accounts types, ECN, STP and Crypto. The ECN account charges commissions on its markets, the STP does not charge commissions. The ECN account has a wider range of market available. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). The minimum trade size is 0.01 lots. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.
  • Plus500 provides CFD trading. It offers an Economic Calendar on its website covering news events and market effects.

Markets

  • On the ECN account, FXOpen offers Forex, Indices, Energy and Precious Metals, with 65+ available.
  • On the STP account, FXOpen provides Forex and Precious Metals, for a total of 50+.
  • On the Crypto account, FXOpen offers Forex, Precious Metals and Cryptocurrencies, for a total of 55+.
  • Plus500 offers Forex, Indices, Energy, Metals, Soft Commodities, Cryptocurrencies, Stocks, Bonds, ETFs and Options, with 2000+ available.

Cryptocurrency CFDs

  • FXOpen offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, IOTA, Ripple, NEO, Monero, DASH, Ethereum Classic, Namecoin, Peercoin, Emercoin, OMNI and EOS.
  • Plus500 provides Bitcoin, Ethereum, Litecoin, Bitcoin Cash, IOTA, Ripple, NEO, Monero, Stellar, Cardano and TRON.

Spreads and leverage

  • Spreads at FXOpen are variable and are from 0.0 for EUR/USD, 0.0 for UK 100, 0.0 for Gold and 0.0 for US Crude Oil (all plus commission). The STP account has higher spreads.
  • Plus500 offers fixed and variable spreads depending on the instrument.

The maximum leverage for FXOpen (FCA regulated) is . The maximum leverage for Plus500 is .

Commissions

  • For Forex, FXOpen charges a commission, which depends on volume traded, from $1.5 - $5 per standard lot per side. Other instruments have differing commission charges.
  • Plus500 does not charge commissions.

Platforms

FXOpen offers MT4, desktop and apps. Plus500 offers a web trader with a range of indicators.

Why FXOpen or Plus500 ?

FXOpen is for MT4 traders who wish to access ECN trading, supporting both automated and discretionary trading and a range of trading styles. Plus500 is for discretionary traders, who make their own trading decisions, offering many more markets to trade and an intuitive platform.

Comparison summary

  • FXOpen offers high speed order execution in no dealing desk conditions
  • It has an infrastructure which may be suited to styles such as automated, scalping and news trading
  • It is also suitable for all kinds of discretionary trading, on MT4
  • Plus500 has a wide range of markets and a sizeable number
  • It has a clear simplified platform layout, from desktop to watch apps
  • It focuses on the discretionary trading experience
  • It has a relatively wide range of charting tools
  • Both are FCA regulated

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