After spending seven months and hundreds of hours researching 43 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare Admiral Markets vs Plus500.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Admiral Markets received a rating of 3.50 stars over Plus500's 3.00 stars.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Admiral Markets alongside Plus500 are regulated in a major hub. Plus500 is a publicly traded company while Admiral Markets is not. As far as how many currency pairs are available for trading, here's the answer. Plus500 offers its clients access to 60 different currency pairs while Admiral Markets has 55 available pairs, a difference of 5.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Admiral Markets offers Meta Trader while Plus500 does not. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. Plus500 trails Admiral Markets by 31 total charting tools, with Admiral Markets offering 31 and Plus500 offering 0. Plus500 boasts an offering of 103 different indicators (for example, moving averages) compared to Admiral Markets's 51 available indicators.
Overall, Admiral Markets comes out on top with 4.00 stars over Plus500's 3.00 stars. And, when it comes to individual category awards, Admiral Markets posted awards Best in Class - Investor Education in 2018, while Plus500 found itself with none of these.