General Breakdown. This graph highlights the key scores from each Macro, uniquely calculated by us.
Tier 1 Regulation
Tier 2 Regulation
Tier 3 Regulation
Deposit and Withdrawal
Costs and Fees
Forex Fixed Spreads
Forex Variable Spreads
Fees on Stocks
Fees on Indices
Fees on Cryptocurrencies
Special Trading Conditions
Available Trading Techniques
Forex.com vs Plus500: A Comprehensive Comparison Summary
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.
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.
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.
Forex.com does not offer copy-social trading features. Plus500 also does not offer social or copy trading.
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.
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.
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.
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.
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.