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Plus500 vs. FP Markets

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Plus500 and FP Markets are leading online broker with excellent trading experiences. Plus500 is a trustworthy broker with top-tier licenses, including the FCA, ASIC, and MAS. It offers premium trading platforms and some educational tools. We recommend it for experienced traders, as its research and educational materials are limited. 

Broker NamePlus500FP Markets
Year Founded20082005
RegulationFCA, ASIC, CySEC, FSCA, FMA, MAS, FSAASIC
Tradable AssetsForex, Commodities, Individual shares, ETFs, Options, Cryptocurrencies.CFD, Forex
Min Deposit$100AUD 100
Min Trade$0$0
PlatformsWeb, MobileIress, MT4, MT5
DepositFree of chargeFree of charge
WithdrawalsFree of chargeFree of charge

FP Markets is a MetaTrader broker with competitive pricing. It has a top-tier license from the ASIC and is not on a stock exchange. It offers many educational materials, including beginner trading videos. We recommend it for traders of all levels of experience. 

Both online brokers have advantages and disadvantages. This article discusses the differences between Plus500 and FP Markets. 

Top findings from the Plus500 vs. FP Markets review:  

  1. Plus500 is a safe online broker with secure tools and platforms. 
  1. FP Markets is a MetaTrader broker with competitive spreads and valuable educational tools. 
  1. Both brokers offer a virtual trading account for traders to test their offering. 

Plus500 is a good choice for experienced traders, as it has limited research and educational tools. We recommend FP Markets to all traders that want access to reliable trading information. 

Overall Rating

FeaturePlus500 FP Markets
Overall44
Commissions & Fees45
Offering of Investments44.5
Platforms & Tools44
Mobile Trading44
Research33.5
Education33
Trust Score9881
WinnerYES
72% of retail CFD accounts lose moneyThe vast majority of retail CFD accounts loses money

Level of experience  

Plus500 is a professional online broker with limited educational materials. It offers some mobile trading tools, being a better choice for professional investors. Plus500 provides a demo account and standard tools, including an economic calendar. 

FP Markets is a safe online broker with versatile tools for both beginner and experienced traders. It offers access to the MetaTrader suite and a virtual trading account. FP Markets has excellent educational materials, including forex education, beginner trading videos, and an investor dictionary. 

Fees  

The minimum initial deposit at Plus500 is €100, while FP Markets’ is AUD 100. The average EUR/USD spread at Plus500 is 0.6, while at FP Markets is 1.14. FP Markets offers an active trader discount, while Plus500 does not. 

Assets  

FP Markets offers 61 forex currency pairs, while Plus500 has 50 available pairs. FP Markets provides access to 899 CFDs, while Plus500 has 2033 available CFDs. 

Trading platform  

Plus500 has a proprietary platform, a web, and a desktop platform. It offers some educational, research, and trading tools. Plus500 is a safe broker with an excellent trading experience and professional platforms. It is a good choice for professional investors. 

FP Markets offers access to the entire MetaTrader suite. It has competitive pricing and excellent learning tools. FP Markets is a good choice for active traders, newcomers, and professional investors. It has several trading tools, including watch lists, charting, and advanced trading videos. 

Banking services 

Banking services are essential for an excellent online trading experience. Both brokers offer many funding options, including bank wire, credit/debit, PayPal, and Skrill. 

Final verdict  

Plus500 and FP Markets are leading online brokers. Both have strengths and weaknesses, depending on your trading skills and experience. We recommend Plus500 for professional investors, as it has excellent tools and limited educational materials. FP Markets is a good choice for traders of all levels of experience, as it offers both professional and beginner-friendly tools. 


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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