Compare FXTM vs Plus500 - CFD Broker Comparison

Compare FXTM vs Plus500

FXTM versus Plus500 Comparison Table
Trade Now >>Minimum DepositTrading PlatformsMarketsRegulated
$5MT4, MT5200+FCA, CySEC, FSCA, FSC
$100Web Trader & Apps2000+FCA, CySEC, FSCA, ASIC, FMA, MAS & IE

FXTM and Plus500 Comparison

FXTM provides ECN and Standard CFD trading accounts (including a Cent account with low trade sizes), with 250+ markets available. Plus500 offers CFD trading with 2000+ markets available.

FXTM provides MT4 and MT5. Plus500 does not offer MT4, but does 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 Cent account, but FXTM's minimum deposit for its ECN 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) 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

FXTM offers MT4 and MT5 and account types including ECN and Cent. Plus500 has a web trader and apps and more markets to trade.

Minimum deposit and account types

The minimum deposit for FXTM is $5, the minimum deposit for ECN trading is $200. The minimum deposit for Plus500 is $/€/£100 or AU$200.

  • FXTM offers three Standard account types: Standard, Cent and Shares and three ECN accounts: ECN, ECN Zero and Pro. The minimum deposit for the Cent account is $/€/£10, for the Standard and Shares accounts $/€/£100, for the ECN Zero account $/€/£200, for the ECN account $/€/£500 and for the Pro account the minimum deposit and minimum account balance is $/€/£25,000. The Pro account offers spreads from 0 without a commission charge. FXTM offers Market Analysis and Education on its website. Copy Trading is available via FXTM Invest. The minimum trade size is 0.0001 lots.
  • Plus500 provides CFD trading. It offers an Economic Calendar on its website covering news events and market effects.

Markets

  • FXTM offers Forex, Indices, Energy, Metals and Stocks, with 250+ available.
  • Plus500 offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies, Bonds, Soft Commodities, ETFs and Options, with 2000+ available.

Spreads and leverage

  • On FXTM's Standard account, Forex spreads are from 1.3 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 fixed and 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 starting at $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 on its MT5 ECN account and a web trader based on MT4. 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).

Why FXTM or Plus500 ?

FXTM is for MT4 or MT5 traders who may wish to trade with different trading styles, as it offers a range of account types, including ECN and a Cent account (with small trade sizes). Plus500 is for discretionary traders (who make their own trading decisions), offering a intuitive platform layout and many more markets to trade.

Comparison summary

  • Both brokers provide CFD trading
  • FXTM offers MT4 and MT5
  • FXTM supports EAs (robots) and copy trading
  • FXTM offers ECN accounts
  • Plus500 has considerably more markets to trade (2000+ vs 250+)
  • FXTM provides a Cent account and has a lower minimum deposit on this account than Plus500 ($10 vs $100)
  • Plus500 has a user friendly trading platform

What types of traders may find these brokers 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. Treaders 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.

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