FOREX.com vs Plus500 - Online Brokerage Comparison

FOREX.com vs Plus500
FOREX.com versus Plus500 Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$50Advanced Trading Platform, Web Trader, MT4300+FCA, ASIC, CFTC, IIROC, SFC, CIMA, FSA
$100Web Trader & Apps2000+FCA, ASIC, FSB, CySEC, FMA, MAS & IE

FOREX.com and Plus500 Comparison

Plus500 has one platform, but makes it available across a range of platform. FOREX.com offers a user friendly Web Trader and its Advanced Trading Platform and MT4 both of which are downloadable and available as apps.

Plus500 focuses on the discretionary trading experience with an intuitive platform design for traders who execute their own trades which also has a wide range of technical indicators. Plus500's platform is available both as a web trader and a desktop download app as well as mobile, tablet and watch apps.

FOREX.com offers support for automated trading as it has MT4 supporting EAs and the use of a VPS, as well as trading for this who execute their own trades. FOREX.com's Advanced Trading Platform offers programmable charting signals, for traders who want to trade using signals on the chart.

Both have a range of CFDs available, though Plus500 has more, however FOREX.com has more Forex pairs. Both are regulated by a wide range of regulatory bodies around the world.

FOREX.com is regulated by the FCA in the United Kingdom, the ASIC in Australia, the CFTC in the United States, the IIROC in Canada, the SFC in Hong Kong, the CIMA in the Cayman Islands and the FSA in Japan.

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

Both offer user friendly web traders. Plus500 has more markets. FOREX.com offers MT4 and its Advanced Platform as well.

Minimum deposit and account types

The minimum deposit for FOREX.com is $/€/£50. The minimum deposit for Plus500 is $/€/£100 or AU$200.

  • FOREX.com offers CFD trading. It has an Economic Calendar, Market Research and a news feed on its platforms, offers Autochartist and Trading Central and has a Trader Education course on its website.
  • Plus500 provides CFD trading. It offers an Economic Calendar on its website covering news events and market effects.

Markets

  • FOREX.com offers Forex, Indices, Metals, Energy, Soft Commodities, Cryptocurrencies and Stocks, with 300+ available.
  • Plus500 offers Forex, Indices, Energy, Metals, Soft Commodities, Cryptocurrencies, Stocks, Bonds, ETFs and Options, with 2000+ available.

Cryptocurrency CFDs

  • FOREX.com offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple.
  • Plus500 provides Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, IOTA, NEO, Monero, EOS, Stellar, Cardano and TRON.

Spreads and leverage

FOREX.com provides Forex spreads from 0.8. Plus500 offers fixed and variable spreads depending on the instrument.

The maximum leverage for FOREX.com (FCA regulated) is . The maximum leverage for Plus500 is .

Online trading platforms

FOREX.com offers the Advanced Trading Platform, a web trader, MT4 and apps. Plus500 offers a web trader, a downloaded version and apps.

Why FOREX.com or Plus500 ?

Traders who want to trade on a user friendly platform can find one at either broker, though Plus500's platform has a particularly clear intuitive layout. Traders who want to trade with online trading robots would need to consider FOREX.com, which supports automated trading on MT4. Plus500 offers considerably more markets to trade than FOREX.com (2000+), though FOREX.com has a relatively large number of Forex pairs (90+). This said, Plus500 offers a relatively wide range of markets and has a relatively wide range within categories (such as Commodities). Thus Plus500 is a broker for the trader who executes their own trades and may wants a relatively wide range of markets to trade on, while FOREX.com is for automated and non-automated traders.

Comparison summary

  • Both offer CFD trading
  • Neither charges commissions for trading Forex
  • FOREX.com has a downloadable platform and MT4, along with web traders and apps
  • Plus500 provides a web trader and apps
  • FOREX.com has support for automated trading
  • Plus500 offers more markets to trade (2000+ vs 300+)
  • FOREX.com has more Forex pairs (90+)

Plus500

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