Compare FXTM vs Plus500 - CFD Broker Comparison

Compare FXTM vs Plus500
FXTM versus Plus500 Comparison Table
Trade Now >>Minimum DepositTrading PlatformsMarketsAbout
$10
Minimum Deposit
MT4, MT5
Trading Platforms
1000+
Markets To Trade
FXTM offers trading, including automated trading on MT4 and MT5, provides an MT4 Cent account with a low minimum trade size and offers copy trading on FXTM Invest
About
$100
Minimum Deposit
Web Trader & Apps
Trading Platforms
2000+
Markets To Trade
Plus500 offers a user friendly platform with a wide range of CFD markets to trade and technical and fundamental analysis tools
About

FXTM and Plus500 Comparison

FXTM provides its Advantage and Advantage Plus account types for MT4 and MT5 and a Cent account (its Micro account) with low trade sizes for MT4, with 1000+ markets available overall. Plus500 offers CFD trading with 2000+ markets available. Plus500 provides a user friendly web trading platform which is also available as a desktop download app. FXTM has a lower minimum deposit than Plus500 on its MT4 Cent account, but FXTM's minimum deposit for its other accounts is higher than Plus500's minimum deposit.

FXTM is regulated by the FCA in the United Kingdom, the CySEC in Cyprus and the FSC in Mauritius and is licensed by the FSCA in South Africa.

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) in Singapore. 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. Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18). Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651). Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039).

Quick comparison

FXTM offers MT4 and MT5 and account types including an MT4 Cent account (its Micro account). Plus500 has a web trader and apps and more markets to trade.

Minimum deposit and account types

The minimum deposit for FXTM is $10 ($50 in the EEA). The minimum deposit for Plus500 is $/€/£100 or AU$200.

  • FXTM offers three account types: Micro, Advantage and Advantage Plus. The minimum deposit for the Micro account is $10 (for MT4 only). The minimum deposit for the Advantage and Advantage Plus account is $500. The Micro account is a Cent type account with low minimum trade sizes. The Advantage account offers spreads from 0 plus a commission charge. The Micro and the Advantage Plus accounts offer spreads from 1.5 without a commission charge. FXTM provides Market Analysis Videos and Podcasts, a Forex News Timeline, Education, Market Outlook and an Economic Calendar. Copy trading is provided via FXTM Invest. The minimum trade size is 0.0001 lots.
  • Plus500 provides CFD trading. For all traders, Plus500 offers an Economic Calendar on its website covering news events and market effects and has economic data integrated into its platform. Plus500 offers the +Insights tool which provides real time data abut the activity of other Plus500 traders. Additionally, Plus500 offers a Trading Academy on its website as well as News and Market Insights.

Markets

  • FXTM offers CFDs on Forex, Indices, Energy, Metals and Stocks, with 1000+ available.
  • Plus500 offers CFDs on Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies, Soft Commodities, ETFs and Options, with 2000+ available.
FXTM vs Plus500 Summary Table
BrokerTrading PlatformsDescription
FXTM
Broker
MT4, MT5
Trading Platforms
FXTM provides MT4 and MT5 (with automated trading using EAs) and has a Cent account with low minimum trade sizes
Description
Plus500
Provider
Web Trader & Apps
Trading Platforms
Plus500 provides a user friendly online trading platform with a wide range of CFDs to trade
Description

Spreads and leverage

  • On FXTM's Standard account, Forex spreads are from 1.5 without a commission charge. On FXTM's ECN account, Forex spreads are from 0.1 plus commission (on FXTM's Pro account spreads are from 0 without a commission charge).
  • Plus500 offers variable spreads depending on the instrument.

Maximum leverage for FXTM (FCA or CySEC regulated) is . Maximum leverage for Plus500 is .

Commissions

  • FXTM charges a commission from $0.40-$2 per lot per side, depending on the equity in the account and the volume traded.
  • Plus500 does not charge commissions.

Online trading platforms

FXTM provides MT4 and MT5. Plus500 offers a web trader and a desktop download of this platform. All these platforms are available on desktop, tablet and mobile (Plus500's platform is also available as a watch app).

What types of traders may find these CFD providers of interest ?

Traders who want to trade on MT4 and MT5 and be able to use a wide range of trading styles from robots to copy trading to charting based analysis may find FXTM of interest. Traders who want to trade on a clear, user friendly trading platform and make their own analysis based on charting tools such as technical indicators on a wide range of markets may find Plus500 of interest.

Why FXTM or Plus500 ?

Traders who want to trade on MT4 or MT5 may do so at FXTM. Traders who want to trade on a user friendly platform can find this at Plus500. Those who want to trade using online trading robots (EAs) can do this at FXTM. Traders who want to trade a larger number of CFD markets can do so at Plus500. Traders who want to trade on an MT4 Cent account with a low minimum order sizes can do so at FXTM.

Comparison summary

  • Both provide CFD trading
  • FXTM offers MT4 and MT5
  • Plus500 provides a user friendly platform
  • FXTM allows online trading robots (EAs)
  • Plus500 has a larger number of CFDs (2000+)
  • FXTM offers an MT4 Cent account with a low minimum deposit
Plus500