Home Brokers comparison Plus500 vs. Forex.com

Plus500 vs. Forex.com

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Plus500 and Forex.com are leading online brokers with top-tier licenses. Plus500 has licenses from the ASIC, FCA, and MAS. It provides professional platforms and tools and some educational data. We recommend it for experienced traders, as its platforms are challenging to learn by beginners. 

Broker NamePlus500Forex.com
Year Founded20082001
RegulationFCA, ASIC, CySEC, FSCA, FMA, MAS, FSACIMA, CFTC, IIROC, FSA, FCA & NFA 
Tradable AssetsForex, Commodities, Individual shares, ETFs, Options, Cryptocurrencies.Cryptocurrency, stocks, CFD, futures & forex 
Min Deposit$100$100
Min Trade$0$1
PlatformsWeb, MobileDesktop, Mobile
DepositFree of chargeFree of charge
WithdrawalsFree of chargeFree of charge

Forex.com is the leading forex trading broker with many forex pairs, cryptocurrency CFD, and CFDs. It has licenses from the CFTC, FCA, FSA, and IIROC. Forex.com has secure trading platforms and apps with some educational tools. It is a good choice for active forex traders. 

This article discusses the strengths and weaknesses of Plus500 and Forex.com. 

Top findings from the Plus500 vs. Forex.com review:  

  1. Plus500 is a trustworthy online broker with professional platforms and tools. 
  1. Forex.com offers an excellent forex trading app with educational and research data on forex. 
  1. Both brokers offer a proprietary platform and a demo account. 

We recommend Plus500 for traders looking for professional trading platforms. Forex.com is a good choice for forex trading for both professional and beginner traders. 

Overall Rating

FeaturePlus500 Forex.com
Overall44.5
Commissions & Fees43.5
Offering of Investments45
Platforms & Tools44.5
Mobile Trading44.5
Research34
Education34
Trust Score9893
WinnerYES
72% of retail CFD accounts lose money79% of retail CFD accounts lose money

Level of experience 

Plus500 is an excellent choice for professional traders. It offers a smooth online trading experience, as it has premium tools and platforms. Plus500 does not offer educational materials and tools. This broker has a demo account and some trading tools, including watch lists. 

Forex.com is a good choice for traders looking forward to learning about forex trading. It offers some educational and research data, including Trading Central and forex education. Forex.com has a demo account for traders to test its offering. 

Fees  

Plus500 has an initial deposit fee of €100, while Forex.com is $100. The average EUR/USD spread at Plus500 is 0.6, while at Forex.com is 1.4. Forex.com offers an active trader discount. 

Assets  

Forex.com offers 91 forex currency pairs, while Plus500 has 50 available pairs. Forex.com has 4500 CFDs, while Plus500 has 2033 available CFDs. Both online brokers offer CFD cryptocurrency. 

Trading platform  

Plus500 has a proprietary platform, a desktop, and a web platform. It provides some research and educational tools. Plus500 is a broker with impressive trading experience and professional tools. It is a good choice for experienced traders, as its platforms are challenging to learn by beginners. 

Forex.com has a professional forex trading app, a proprietary web and desktop platform. It provides access to MetaTrader 4 and 5 with many trading tools. These include standard alerts, charting tools, a demo account, and some educational materials. It is a good choice for active traders. 

Banking services  

Banking services are an essential part of an excellent online trading experience. Plus500 offers many funding options, including bank wire, credit/debit, PayPal, and Skrill. Forex.com offers bank transfers, PayPal, and credit/debit card funding. 

Final verdict  

Plus500 and Forex.com are leading online brokers. Both have advantages and disadvantages, depending on your skills, experience, and trading needs. We recommend Plus500 to professional traders because of its secure platforms. However, Forex.com is a better choice for traders looking for premium forex services. 


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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