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Forex.com vs Plus500: Comparison and Analysis

Written by Filippo Ucchino Publication Date Last Updated
Our verdict · CFD trading

Forex.com is better than Plus500 for CFD trading in the UK by a small margin, because it has a lower EUR/USD cost (4.50 USD per lot against 8.00 USD), runs MetaTrader 4 next to the proprietary platform both brokers share, and allows scalping, hedging, expert advisors, high-frequency strategies and VPS hosting, where Plus500 allows API access alone. Forex.com opens raw spread and fixed-spread accounts, runs a programme for high-volume traders and fills orders in 3 ms. Plus500, on the other hand, lists more tradable symbols (2,800 against 150), offers a guaranteed stop loss, provides a demo account that does not expire and settles deposits and withdrawals in 1 day, against 2 days. Forex.com and Plus500 are both regulated in the UK by the FCA, both ask for a minimum deposit of 100.00 USD, both cover CFDs on commodities, forex, indices and stocks and both open Islamic and professional accounts.

Best overall

Forex.com

CFDCFD This broker offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD to rate it on that. Regulated in your country Forex.com holds a licence from the regulator of the country this site is for, so local investor protections apply.
Forex.com review ›
86CFDOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above.
Open Account

75% of retail investor accounts lose money when trading CFDs with this provider.

Plus500

CFDCFD This broker offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD to rate it on that. Regulated in your country Plus500 holds a licence from the regulator of the country this site is for, so local investor protections apply.
Plus500 review ›
78CFDOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above.
Open Account

CFD service. 82% of retail investor accounts lose money

Best for

1 / 12
What we compare A comparison of the kinds of traders Forex.com and Plus500 are best suited to, based on what each one actually offers in United Kingdom.

Forex.com is better than Plus500 for day traders, scalpers and news traders. High-volume traders and CFD stock traders can choose either Forex.com or Plus500.

Best for
Overall score Forex.com 86 Best Plus500 78 -8
Day trading i
Long-term investing i
Professional traders i
High-volume traders i
Scalpers i
Swing traders i
News traders i
Algo traders i
Stock traders i
Crypto traders i
Futures traders i
Options traders i

Regulation

2 / 12
What we compare A comparison between the financial authorities that supervise Forex.com and the ones that supervise Plus500.
Regulation
Section score Forex.com 100 Plus500 100
Tier-1 regulators
ESMA (European Union) i
FCA (United Kingdom) i
ASIC (Australia) i
CFTC (United States) i
NFA (United States) i
SEC (United States) i
CIRO (Canada) i
MAS (Singapore) i
SFC (Hong Kong) i
JFSA (Japan) i
FINMA (Switzerland) i
Tier-2 regulators
FMA (New Zealand) i
CBR (Russia) i
FSCA (South Africa) i
DFSA (Dubai) i
CSRC (China) i
ISA (Israel) i
LFSA (Malaysia) i
JSC (Jordan) i
CMA (Kenya) i
Tier-3 regulators
FSA (Seychelles) i
MMA (Maldives) i
SCB (Bahamas) i
FSC (Mauritius) i
VFSC (Vanuatu) i
FSC (Belize) i
CIMA (Cayman Islands) i
SV FSA (Saint Vincent and the Grenadines) i
FSRC (St. Kitts & Nevis) i
BMA (Bermuda) i
BVI FSC (British Virgin Islands) i
EDR (External Dispute Resolution) i

Safety

3 / 12
What we compare A comparison of the tools and services that Forex.com and Plus500 have in place to protect your money in United Kingdom.
Safety
Section score Forex.com 86 Plus500 85 -1
Company info
Is it publicly traded i
Is it a bank i
Year founded i 1999 2008
Parent company i StoneX Group (via GAIN Capital) Plus500 Ltd.
CEO i Glenn Stevens David Zruia
Money safety
Segregated client funds i
Two-factor authentication i
Investor compensation scheme i
Additional money insurance i
Partner bank i N/A N/A
Brand power
Number of customers worldwide i 400,000 30,000,000
Annual revenue i USD 169,500,000 USD 768,300,000
Monthly website search traffic i 1.9M monthly visits

Costs

4 / 12
What we compare A comparison of what it costs to trade with Forex.com and with Plus500 in United Kingdom, both on each trade and on holding the account.

Forex.com is better than Plus500 for costs, given that Forex.com is cheaper on EUR/USD, at 4.5 USD per lot (against Plus500's 8 USD).

Costs
Section score Forex.com 81 Best Plus500 69 -12
Broker fees
Deposit fees i
Withdrawal fees i
Overnight fees i
Inactivity fees i
Currency conversion fees i
Discounts on volume i
Real time market data fee i
Dividend withholding i
Account opening fees i
Account maintenance fee i
Portfolio management fee i
Fees on CFDs
Forex commission per lot i Free Free
EUR/USD average standard spread i
0.7 pips
0.8 pips
EUR/USD average raw spread i
0.2 pips
EUR/USD average fixed spread i
EUR/USD total cost per lot i USD 4.5 USD 8
S&P 500 fees (CFD) i 0.6 points 0.7 points
Gold fees (CFD) i 0.1 points 0.75 points
Bitcoin fees (CFD) i
US stocks fees (CFD) i USD 0.018 Free
Fees on stocks
Stock fee type i Commission, Percentage Spread
US stocks fees (real) i
ETF fees (real) i
Management costs i
Connection costs i
Fees on futures
Futures fees per contract i
Platform fees i
Fees on options
Options fees per contract i
Event fees i
Fees on savings plans
IRA opening fee i
IRA maintenance fee i
401k opening fee i
401k maintenance fee i

Available markets

5 / 12
What we compare A comparison of the markets and products you can trade with Forex.com and with Plus500 in United Kingdom, and of how many instruments each one gives access to.

Forex.com is better than Plus500 for available markets.

Available markets
Section score Forex.com 85 Best Plus500 75 -10
Total tradable symbols i 150 2,800
Currency pairs i
Indices i
Commodities i
Stocks i
ETF i
Cryptocurrencies i
Bonds i
Interest rates i
Portfolios i
CFDs i Commodities, Crypto, Forex, Indices, Stocks Commodities, Crypto, Forex, Indices, Stocks
Futures i
Options i
Assets you can own i

Platform

6 / 12
What we compare A comparison of the trading platforms that Forex.com and Plus500 make available to their clients in United Kingdom.

Forex.com is better than Plus500 for platforms.

Platform
Section score Forex.com 88 Best Plus500 72 -16
Proprietary platform i
MetaTrader 4 i
MetaTrader 5 i
cTrader i
Social trading platform i
Copy trading platform i
ZuluTrade i
TradingView i
Duplitrade i
Mirror Trader i
NinjaTrader i
AutoChartist i
Real time pricing i
5 digit pricing i
One-click trading i

Mobile

7 / 12
What we compare A comparison of the mobile apps of Forex.com and Plus500 in United Kingdom, and of what each one lets you do from your phone.

Forex.com is better than Plus500 for mobile trading.

Mobile
Section score Forex.com 93 Best Plus500 80 -13
Proprietary app i
Social trading app i
Copy trading app i
MetaTrader 4 app i
MetaTrader 5 app i
cTrader app i
Mobile trading signals i
Mobile alerts i
Mobile charting tools i
Mobile drawing tools i
Mobile watchlist i
Smartwatch app i

Trading features

8 / 12
What we compare A comparison of the trading tools and strategies that Forex.com and Plus500 allow on their platforms in United Kingdom.

Forex.com is better than Plus500 for trading features.

Trading features
Section score Forex.com 87 Best Plus500 72 -15
Trade execution
Broker type i Agency Agency
Average execution time i 3 ms
Slippage occurrence i
Requotes occurrence i
Tier-1 liquidity providers i
PFOF i
Leverage
Major FX pairs leverage i 30:1 30:1
Minor/Exotic FX pairs leverage i 20:1 20:1
Major indices leverage i 20:1 20:1
Minor indices leverage i 10:1 10:1
Gold leverage i 20:1 20:1
Commodities leverage i 10:1 10:1
Equities leverage i 5:1 5:1
Cryptocurrency leverage i
Risk management
Stop losses i
Take profits i
Limit orders i
Trailing stop i
Margin call i
OCO orders i
Guaranteed stop loss i
Negative balance protection i
Minimum trade size (FX) i 0.01 lots 0.01 lots
Minimum trade size (stocks) i USD 0 USD 0
Fractional stocks i
Trading compliance
Scalping strategies allowed i
Hedging strategies allowed i
Automated trading strategy allowed i
EAs use allowed i
HFT strategy allowed i
VPS use allowed i
API use allowed i
Price scraping allowed i
FIFO rule applies i

Account types

9 / 12
What we compare A comparison of the kinds of account you can open at Forex.com and at Plus500 in United Kingdom, and of who each one is meant for.

Forex.com and Plus500 are equally good for account types.

Account types
Section score Forex.com 52 Plus500 51 -1
Demo account i
Unlimited demo account i
Standard account i
Micro account i
Cent account i
Nano account i
Raw spread account i
ECN account i
Swap-free account i
Islamic account i
Professional traders account i
Fixed spread account i
Spread betting account i
Copy trading account i
Corporate account i
Managed account i
Stock investing account i
Margin investing account i
Savings account i
Retirement account i

Account opening

10 / 12
What we compare A comparison of what it takes to open and fund an account with Forex.com and with Plus500 in United Kingdom.

Plus500 is better than Forex.com for account opening.

Account opening
Section score Forex.com 62 -10 Plus500 72 Best
Minimum deposit i USD 100 USD 100
Minimum withdrawal i USD 0 USD 0
Wire transfers i
Credit cards i
Debit cards i
eWallets i PayPal, Skrill
Local payment methods i
Account base currencies i EUR, GBP, USD AUD, EUR, USD
Deposit waiting time i up to 2 business days up to 1 business days
Withdrawal waiting time i up to 2 business days up to 1 business days
Bonus program i

Customer care

11 / 12
What we compare A comparison of the customer support of Forex.com and Plus500 in United Kingdom, in how it can be reached and how fast it answers.

Forex.com is better than Plus500 for customer care.

Customer care
Section score Forex.com 66 Best Plus500 58 -8
Number of languages supported i 7 29
Website languages i Arabic, German, English, Japanese, Polish, Spanish, Chinese Arabic, Bulgarian, Czech, Danish, German, English, Estonian, Finnish, French, Hebrew, Croatian, Hungarian, Icelandic, Latvian, Lithuanian, Maltese, Malay, Dutch, Norwegian, Polish, Portuguese, Romanian, Russian, Slovak, Slovenian, Spanish, Swedish, Turkish, Chinese
Website available in English i
Customer support languages i English, Chinese Arabic, Bulgarian, Czech, Danish, German, English, Estonian, Finnish, French, Hebrew, Croatian, Hungarian, Icelandic, Latvian, Lithuanian, Maltese, Malay, Dutch, Norwegian, Polish, Portuguese, Romanian, Russian, Slovak, Slovenian, Spanish, Swedish, Turkish, Chinese
Customer support in English i
Call back request i
Email support i
Phone support i
Live chat i
Priority customer support i
Dedicated account manager i
Cash sweep i
Stock lending i
Distributes proceeds i
Tax withholding agent i
Tax assistance i

Learning

12 / 12
What we compare A comparison of the educational material that Forex.com and Plus500 provide to their clients in United Kingdom.

Forex.com is better than Plus500 for learning.

Learning
Section score Forex.com 95 Best Plus500 75 -20
Education
Education center i
Education for beginners i
Education for advanced traders i
Webinars i
Tutorials i
Glossary i
Research
Economic calendar i
Traders' sentiment i
Daily market commentary i
Daily trading ideas i
News via social media i
Professional reports i
Watchlist i
Forex.com
Open Account 75% of retail investor accounts lose money when trading CFDs with this provider.
Plus500
Open Account CFD service. 82% of retail investor accounts lose money
Our verdict

Forex.com vs Plus500: which one should you choose?

Forex.com

CFD Choose Forex.com if you want a CFD and forex broker with low trading costs, fast execution and room for automated strategies.

Open Account 75% of retail investor accounts lose money when trading CFDs with this provider.
Plus500

CFD Choose Plus500 if you want an online CFD broker with a wide choice of markets and a guaranteed stop loss.

Open Account CFD service. 82% of retail investor accounts lose money

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