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Forex.com vs Plus500: Comparison and Analysis

Trying to figure out whether to use Forex.com or Plus500? This comparison article lays out the features of both brokers in detail so you can see which is the best platform according to your needs.

We’ve compared more than 100 variables and features so you can see the pros and cons of Forex.com and Plus500 side by side. We’ve divided the comparisons into a logical structure so it’s easy to navigate.

Scroll the whole post below or use the quick menu to jump to the relevant section.

Open Account

73%-77% of retail investor accounts lose money when trading CFDs with this provider

Forex.com review

Open Account

82% of retail investor accounts lose money

Plus500 review

Overall Ratings

Rated

General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.

Forex.com
Plus500

Security 95

Security 96

Cost 73

Cost 70

Trading 75

Trading 66

Education 82

Education 38

Company Info

Foundation

1999

2008

Is it Regulated?

Is it Publicly Traded?

Is it a Bank?

Segregated Clients Funds ?

No-ESMA Branches? ?

Accepts EU Clients?

Accepts US Clients?

Accepts Canadian Clients?

Website Languages

en, chi

en, ar, bul, chi(t/s), cro, cz, dan, de, es, est, fi, fr, heb, hu, isl, latv, lit, malt, ne, nor, po, pol, rom, ru, sk, slo, swe, tur, mal, e

Leverage

Non-EU Leverage ?

400:1

300:1

European Leverage ?

30:1

Australian Leverage ?

30:1

US Leverage ?

50:1

Canadian Leverage ?

50:1

Tier 1 Regulation

FSA ?

MAS ?

FINMA ?

FCA ?

CFTC ?

MIFID-ESMA ?

ASIC ?

CIRO ?

SFC ?

Tier 2 Regulation

FMA ?

CBR ?

FSCA ?

SEC ?

DFSA ?

CBRC ?

CySEC ?

ISA ?

Tier 3 Regulation

Offshore ?

MMA (Maldives) ?

EDR ?

FSA (Seychelles) ?

SCB (Bahamas) ?

FSC (Mauritius) ?

VFSC (Vanuatu) ?

IFSC (Belize) ?

CIMA (Cayman Islands) ?

SVG (Saint Vincent and the Grenadines) ?

FSRC (St. Kitts & Nevis) ?

BMA (Bermuda) ?

BVI (British Virgin Islands) ?

Brand Power

SimilarWeb - Website Ranking

52385

8011

SimilarWeb - Total Visits

30300

Facebook Likes

36211

Twitter Likes

146200

29200

Instagram Likes

6110

Deposit and Withdrawal

Minimum Deposit ?

100 USD

Minimum Withdraw ?

Credit Card ?

Bank Transfer ?

PayPal

Neteller

Skrill

Other Methods Available ?

Deposit Waiting Time ?

1-2 business days

1 business day

Withdraw Waiting Time ?

1-2 business days

1 business day

Bonus Program ?

Costs and Fees

Deposit Fees ?

Withdrawal Commissions ?

Overnight/Swap Fee ?

Inactivity Fee ?

Conversion Fee ?

Account Types

Demo Account ?

Demo Account Expiration ?

Account Currencies ?

EUR, GBP, USD

AUD, EUR, USD

Standard Account ?

Micro Account ?

Low-cost Account ?

Variable Spread Account ?

Fixed Spread Account ?

Zero Spread Account ?

ECN Account ?

Swap Free Account ?

Islamic Account ?

Professional Traders Account ?

Active Trader Program ?

Commodities

Crude Oil ?

0.02

Natural Gas ?

0.003

Silver ?

1.4

0.018

Platinum ?

1.2

Copper ?

0.002

Soybeans ?

1.2

Corn ?

0.62

Gold ?

0.45

0.28

Forex Fixed Spreads

EUR/GBP Spread

EUR/USD Spread

USD/JPY Spread

GBP/USD Spread

USD/CHF Spread

AUD/USD Spread

USD/CAD Spread

NZD/USD Spread

Forex Variable Spreads

EUR/USD Average Spread

1.3

0.6

USD/JPY Average Spread

1.5

0.745

USD/CHF Average Spread

1.9

1.7

GBP/USD Average Spread

1.1

USD/CAD Average Spread

2.0

1.2

AUD/USD Average Spread

1.6

0.6

NZD/USD Average Spread

3.2

1.8

EUR/GBP Average Spread

1.9

1.4

Fees on Stocks

Apple

0.01

0.04

Facebook

0.04

Alphabet

0.30

1.25

Snapchat

0.05

Tesco

0.34

Barclays

0.4

Lloyds

0.11

Fees on Indices

FTSE100

1.3

1.8

S&P500

0.6

0.45

Dow Jones

2.0

Nasdaq

1.5

1.7

CAC40

1.5

0.95

DAX30

1.5

0.73

Nikkei 225

15.0

10.0

Euro Stoxx 50

2.3

1.0

Fees on Cryptocurrencies

Bitcoin

Ethereum

1.2

1.19

Ripple

60.0

0.0038

Litecoin

0.5

0.42

Bitcoin Cash

2.0

Dash

Monero

1.75

Neo

0.2

Platforms

cTrader Desktop

cTrader Web

Mirror Trader

ZuluTrade ?

MT4 Dekstop

MT4 Web

MT5 Desktop

MT5 Web

Proprietary Desktop Platform

Proprietary Web Platform

MAC Platforms

Sirix

Mobile Trading

Android ?

iOS ?

Windows ?

Trading Signals on Mobile ?

Smart Watch App ?

Forex Trading ?

CFD Trading ?

Alerts ?

Chartings-Drawing Tools ?

Mobile Available Language ?

en, ar, chi

en, ar, bul, cz, dan, de, es, fr, heb, ne, nor, po, pol, sk, it, chi

Watchlist Mobile ?

Available Markets

Forex Pairs ?

Crypto ?

Commodities ?

Stocks ?

220

1816

Indices ?

ETF ?

Futures ?

Options ?

Bonds ?

Metal ?

Agricultural ?

Energies ?

Interest Rates ?

Penny Stocks ?

IPO ?

Blends ?

Dow Jones ?

FTSE ?

Dax ?

Nikkei ?

Gold Market ?

Bitcoin ?

Real Assets ?

Trading Execution

Direct Market Access (DMA) ?

Straigh Through Processing (STP) ?

Electronic Communication Network (ECN) ?

Market Maker ?

Non Dealing Desk (NDD) ?

FIFO Applies? ?

4 Digits Decimal Pricing ?

5 Digits Decimal Pricing ?

Risk Management

Stop Losses ?

Take Profits ?

Limit Orders ?

Trailing Stop ?

Margin Call ?

OCO Orders ?

Guaranteed Stop Loss ?

Negative Balance Protection ?

Minimum Trade Size ?

0.01 lots

variable

Maximum Trade Size ?

100 lots

variable

Special Trading Conditions

MAM ?

PAMM ?

Social Trading ?

Copy Trading ?

LAMM ?

Available Trading Techniques

Scalping ?

Hedging ?

Spread Betting ?

Expert Advisor (EA) ?

Virtual Private Server ?

API ?

Trading Tools

One-Click Trading ?

Signal Trading ?

Price Alerts ?

Number Chart Indicators ?

139

103

Number Chart Drawing Tools ?

Trade Directly From Chart ?

Watchlist ?

Education

Education Center ?

Webinars

Platform Tutorial Video ?

Video on Trading for Beginners ?

Video on Trading for Experts ?

Tutorial Guide

Glossary

Customer Support

Call Back Request ?

Email Support

Phone Support

Live Chat

Support Language Available

en, chi

en, ar, bul, chi(t/s), cro, cz, dan, de, es, est, fi, fr, heb, hu, isl, latv, lit, malt, ne, nor, po, pol, rom, ru, sk, slo, swe, tur, mal

Research

Professional Reports

Social Trading Features - Social Feeds ?

Economic Calendar

Daily Email With Trading Ideas

Analysis From Trading Central (Recognia)

Analysis From Delkos Research

AutoChartist

Traders Sentiment ?

News via Twitter

News via FaceBook

Daily Market Commentary

Forex.com vs Plus500: A Comprehensive Comparison Summary

Security

Forex.com is regulated by multiple authorities, including CySEC, FCA, ASIC, JFSA, MAS, HKSFC, CIMA, IIROC, NFA, and CFTC. This extensive regulatory environment makes Forex.com available in many countries, including the USA. It has a security rating of 95. On the other hand, Plus500 is regulated by FCA, CySEC, MAS, FSA of Seychelles, ASIC, and FSCA. Plus500 is also a member of NFA in the US, making the broker available for US traders. It has a security rating of 96.

Winner: Plus500

Demo Accounts

Forex.com offers a demo account with a duration of 30 days and virtual funds of $10,000. The demo account can be restored by contacting customer support. Plus500 provides an unlimited demo account with virtual funds of $40,000, which can also be restored through customer support.

Winner: Plus500

Account Opening

Forex.com requires a minimum deposit of $100 for account opening. It supports account currencies such as USD, EUR, and GBP. Payment methods accepted include wire transfers, credit/debit cards, and eWallets (PayPal only). Forex.com provides various account types, including the Standard account, MT4 and MT5 account, commission account, corporate account, DMA account, STP Pro account, Islamic account, and professional account for advanced traders.

Plus500 also has a minimum deposit requirement of $100 ($500 through wire transfers). It supports account currencies including USD, GBP, AUD, and EUR. Payment methods accepted are wire transfers, credit/debit cards, and eWallets. Account options offered are the Standard account, Islamic account, Invest account, futures account for US clients, and professional account for advanced traders.

Winner: Tie

Social-Copy Trading

Forex.com does not offer copy-social trading features. Plus500 also does not offer social or copy trading.

Winner: Tie

Markets

Forex.com provides access to 80 forex pairs, 12 commodities, 18 indices, 80 crypto assets, and 220+ stocks. They offer mostly CFD trading, making it suitable for short-term trading and price speculation.

Plus500 offers a range of markets, including 60 forex pairs, 23 commodities, 67 indices, 60 crypto assets, 1800+ stocks, 25+ ETFs, and 100+ futures and options. They provide a mix of CFDs and real assets, catering to different investment preferences.

Winner: Plus500

Trading Fees

Forex.com operates with variable spreads, starting from 0.2 pips on forex, which is lower than the market average. However, the spreads can be higher depending on the trader’s country, for example, starting from 0.7 pips in Europe. Plus500 generally has higher spreads on CFDs, which are above the market average.

Winner: Forex.com

Platforms

Forex.com offers a proprietary platform available via web and mobile devices. It is user-friendly and provides a wide range of charting, trading, and drawing tools. Additionally, they provide access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5) on web, desktop, and mobile. Plus500 offers a proprietary platform available via web and mobile devices.

Winner: Tie

Education/Customer Care

Forex.com provides detailed guides, tutorials, and technical analysis courses as part of their education materials. They offer customer care via email, phone, and live chat, with support available in English and Chinese.

Plus500 offers a basic academy section with standard information useful mainly to less experienced traders. They provide customer care through email and live chat.

Winner: Forex.com

Conclusion

In conclusion, Forex.com and Plus500 are both reputable brokers with their own strengths and features. Plus500 stands out with its higher security rating, unlimited demo account, larger number of tradable assets, and availability of real stock assets. On the other hand, Forex.com excels in lower trading fees, a wider range of markets, and comprehensive education materials. Depending on your specific trading needs and preferences, you can choose the broker that aligns better with your requirements.

Winner: Plus500