FOREX.com vs Plus500

FOREX.com vs Plus500

FOREX.com versus Plus500
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$50Advanced 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 its Advanced Platform and MT4 both of which are downloadable. It has web trader, a web trader based on MT4 and mobile and tablet apps. Plus500 focuses on the discretionary trading experience with an intuitive platform design, 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 and tablet apps). FOREX.com offers support for discretionary and automated trading, as it has MT4.

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 web traders. Plus500 has more markets, FOREX.com offers MT4 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 and 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

  • On The Advanced Platform, FOREX.com offers Forex, Indices, Metals, Energy, Soft Commodities, Cryptocurrencies and Stocks, with 300+ available.
  • On MT4, FOREX.com offers Forex, Indices, Metals, Energy and Soft Commodities, with 110+ 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

  • Spreads at FOREX.com are variable or fixed depending on the market, with variable spreads from 1.4 for EUR/USD, a fixed spread of 1 for UK100 and a typical variable spread of 0.61 for Gold and 0.04 for US Crude Oil.
  • 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 .

Platforms

FOREX.com offers the Advanced Platform, a web trader, MT4, an MT4 web trader and apps. Plus500 offers a web trader and apps.

Why FOREX.com or Plus500 ?

For discretionary traders, Plus500 has more markets, though as can be seen each has a relatively wide range available. However FOREX.com has a range of platforns available, including MT4. This mean it can support automated traders as well.

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 has a web trader and apps
  • FOREX.com has support for automated trading
  • Plus500 has more markets to trade
  • FOREX.com has more Forex pairs
  • Each has Cryptocurrency CFDs to trade

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