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 non-ECN CFD trading accounts, with 200+ markets available. Plus500 offers CFD trading with 2000+ markets available. FXTM provides MT4 and MT5. Plus500 does not offer MT4, but does provides a web trading platform which is also available as a desktop download app. FXTM has a lower minimum deposit than Plus500, 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 STP/ECN. 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 provides three Standard accounts. These are the Standard, Cent and Shares accounts. The minimum deposit for the Cent account is $/€/£5 or ₦1,000 and the minimum deposit for the Standard and Shares account is $/€/£100 or ₦20,000. These are instant execution accounts (they are not no dealing desk). Micro lot trading is available for all account types. Scalping is allowed only on the ECN accounts. FXTM provides a range of tools, including signals, daily market analysis, news and an economic calendar.
  • FXTM offers a number of ECN accounts. There include the FXTM ECN Account, the ECN Zero, the FXTM ECN MT5, the Strategy Account, FXTM Pro and FXTM Pro MT5. The ECN and MT5 accounts charge commissions, the others do not. The minimum deposit for the ECN Zero account is $/€/£200 or ₦20 000, the minimum deposit for the FXTM ECN MT5 account is $/€/£500 or ₦20,000, the minimum deposit for the Strategy Account is $/€/£100 and the minimum deposit for the FXTM Pro accounts is $/€/£25,000 or ₦5,000,000.
  • Plus500 provides CFD trading. It offers an Economic Calendar on its website covering news events and market effects.

Markets

  • FXTM can offer slightly different numbers of markets for each ECN account types, which can be between 35+ and 60+. The FXTM ECN account offers 60+. All the accounts provide Forex and Precious Metals, the FXTM ECN account can also offer Energy and Indices.
  • For the non-ECN accounts, FXTM can offer more markets on the Standard account, with 75+ covering Forex, Precious Metals, Energy and Indices. The Cent account offers less, at 25+, covering Forex and Precious Metals. FXTM also has a non-ECN account which provides 180+ Shares CFDs.
  • Plus500 offers Forex pairs, Indices, Energy, Metals, Cryptocurrencies, Bonds, Soft Commodities, Stocks, ETFs and Options, with 2000+ available.

Spreads and leverage

  • Spreads at FXTM are variable, and for EUR/USD are from 1.3 on the Standard account, 1.5 on the Cent account, 0.1 on the ECN account, 0.5 on the ECN Zero account, 0.2 on the FXTM ECN MT5 account, 0.3 on the Strategy account and 0 on the FXTM Pro accounts.
  • FXTM offers a typical spread of 5.0 (Standard) and 1.5 (ECN) for UK100, a minimum spread from .107 (Standard) and .05 (ECN) for Gold and a typical spread of 0.09 (Standard) and 0.04 (ECN) For US Oil. The Shares Account has spreads on Share CFDs from 0.1.
  • 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. There is no commission charged for the ECN Zero, Strategy or Pro accounts or the non-ECN accounts.
  • Plus500 does not charge commissions.

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 with to trade with different trading styles, as it offers different account types, including STP/ECN. 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 offer CFD trading
  • FXTM offers STP/ECN trading
  • Plus500 provides CFD trading for 2000+ markets
  • FXTM offers 75+ markets, but also provides 180+ share CFDs on a separate account
  • FXTM provides MT4 and MT5
  • Plus500 offers a web trader and apps

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