This comparison overview aids users who struggle to select between FXCM and Plus500 to find the very best online broker for their trading and investment demands. It analyzes the main features of the two brokers side by side to aid customers compare their solution and make a notified decision.
To help users pick the ideal broker in between FXCM and Plus500 to find the best-suited system, below is a listing of broker’s advantages and disadvantages, followed by a contrast of their major trading attributes, consisting of trading platforms & tools, charges, mobile trading, down payment & withdrawal, properties, law, and client assistance.
FXCM vs. Plus500: Summary
FXCM is a UK-based forex and CFD broker founded in 1999. They offer access to over 400 tradable instruments including 300 CFDs, 41 forex pairs and a handful of shares, indices, commodities, and cryptocurrencies. FXCM is regulated by four tier-one regulators including the FCA, the ASIC, the CySEC, and the FSCA.
FXCM offers a wide range of trading platforms including Trading Station (proprietary trading platform), MT4 and TradingView. Users also have access to various copy trading apps (NinjaTrader, ZuluTrade, and/or Capitalise AI), analysis reports by TradingCentral and 55 charting indicators.
FXCM charges a spread of 1.4pips (EUR/USD) without any commission on their standard account, which is above industry average. The broker doesn’t charge any deposit fees, but charges a $40 withdrawal fee and a $50 a year inactivity fee after 12 months of no login activity.
FXCM’s customer service is available 24/7 by email, phone, and live chat in English, Arabic, and several other languages.
Plus500 is a reputable CFD online broker licensed by the DFSA. They offer access to a wide range of assets including 2,800 CFDs on stocks & ETFs, cryptos, futures, forex, commodities, and indices. The Plus500 trading platform offers basic trading tools including Technical analysis charts, real-time quotes, quick buy and sell options from the same window and 3 order different types (market, limit stop order).
Plus500 trading fees are average compared to similar forex and CFD brokers. They charge an average spread of 0.8 pips (EUR/USD) without any commission. Plus500 charges non trading fees in the form of overnight fees, currency conversion fees, guaranteed stop order fees, and inactivity fees.
Plus500’s customer service is available 24/7 (even during the weekends and holidays) by phone, email, WhatsApp, and live chat.
Pros
- Low minimum deposit ($50)
- Average forex spread and 0% commission
- Various algorithmic and copy trading tools (MT4, ZuluTrade, Trading View)
- Detailed Trade execution reports (execution quality and slippage)
- Feature rich mobile apps
Cons
- Low amount of trading instruments
- Relatively high trading and other fees
Pros
- Low minimum deposit ($100)
- Competitive spread of 0.8 pips EUR/USD
- Multiple order types and technical indicators
- Excellent customer service
- Negative balance protection
- Intuitive mobile trading app
Cons
- Relatively high fees compared to other brokers
- Limited markets
- Limited charting tools and features
Key features
- Over 400 CFDs across various markets
- Wide range of platforms (Trading Station, MT4, NinjaTrader, ZuluTrade)
- Multiple order types availability
- TradingView integration
- Support for advanced, algorithmic, and copy trading
- Regulated by 4 tier-one regulators
Key features
- Access to 3,000 CFDs
- Beginner-friendly trading platform and mobile app
- Low, floating spreads from 0.8 pips EUR/USD
- Advanced (conditional) order types available such as GSOs and TSOs
- Free unlimited demo paper trading account
- Fast account opening
FXCM vs. Plus500 Comparison
Select up to 3 Brokers
FXCM
Plus500
BROKER COMPARISON
Trading Platform & Tools
Automated Trading | ||
Charting Tools | ||
Conditional Orders | ||
cTrader | ||
Demo Account | ||
Desktop Platform | ||
Max Leverage | 1:400 | 1:30 |
MetaTrader 4 (MT4) | ||
MetaTrader 5 (MT5) | ||
Mobile Version | ||
Mutual Fund Management | ||
Proprietary Platform | ||
Social/Copy Trading | ||
Trading Alerts | ||
Trading signals | ||
Watchlist | ||
Web Version |
Fees
Withdrawal Fee | $40 | 0 |
Deposit Fee | 0 | 0 |
Inactivity Fee | $50 per year after 12 months | $10 |
Cost Per Trade | 0 | 0 |
Cost Per Month | 0 | 0 |
Forex (EUR/USD) | 0.2 pips | 0.8 pips |
Stocks & ETF | 0 | 0 |
CFD (Gold) | 0.5 pips | 7.2 pips |
Crypto | 0 | 0 |
Options | 0 | 0 |
Conversion Fees | 0 | |
Misc. Fees | 0 | |
Overnight Fees |
Deposit & Withdrawal
Minimum deposit (in UAE) | $300 | $100 |
Bank Wire | ||
Credit/Debit Card | ||
Cash | ||
Check | ||
Islamic Account Transfer | ||
E-payments | ||
Paypal | ||
Skrill | ||
Neteller |
Assets
Shares | 0 | 0 |
ETF & Funds | 0 | 0 |
Crypto | 0 | 0 |
Commodities | 0 | 0 |
Indices | 0 | 0 |
Options | 0 | 0 |
Futures | 0 | 0 |
Bonds | 0 | 0 |
CFDs on Forex Instruments | 45 | 60 |
CFD Indices & Funds | 15 | 430 |
CFD Stocks | 219 | 1000 |
CFD Commodities | 12 | 22 |
CFD Crypto | 7 | 0 |
CFD Bonds | 1 | 0 |
Binary Options | 0 | 0 |
SWAPS | 0 | 0 |
Saving Plans | 0 | 0 |
Research & Education
Webinars | ||
Educational Resources | ||
Daily News Updates | ||
Market Indepth Analysis | ||
Pers. Training & Room | ||
Market Research |
Customer Support
Phone | ||
Live Chat | ||
24/7 support | ||
Multilingual | ||
Personal Account Manager |
Winner
FXCM vs. Plus500 Comparison Conclusion
The results of our comparison of FXCM vs. Plus500 are wrapped up in the table listed below.
Broker: | Best For: |
FXCM | Forex and CFDs; Algorithmic trading |
Plus500 | CFD trading and investing |
Selecting the best selection in between FXCM and Plus500 can be difficult. Both on the internet brokers have similarities but differ pertaining to trading instruments, systems & apps, law, down payment & withdrawals, and study and education. Picking the most effective broker relies on users’ trading & investment goals, private preferences, and experience level.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.