Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare Admiral Markets vs Plus500.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. Admiral Markets is a better option with a 3.50 star rating over Plus500's 3.00 star rating.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. Both Admiral Markets and Plus500 are regulated in a major hub. Plus500 is a publicly traded company, Admiral Markets isn't. How many currency pairs are available to trade? Admiral Markets trails Plus500 by 5 total currency pairs (for example, EUR/USD), with Plus500 offering 60 and Admiral Markets offering 55.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Admiral Markets makes Meta Trader available to clients, while Plus500 does not. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Admiral Markets boasts an offering of 31 charting tools compared to Plus500's 0 available charting tools. Plus500 boasts an offering of 103 different indicators (for example, moving averages) compared to Admiral Markets's 51 available indicators.
Overall, Admiral Markets takes the upper hand with 4.00 stars over Plus500's 3.00 stars. And, when it comes to individual category awards, Admiral Markets finished with awards Best in Class - Investor Education in 2018, while Plus500 came up with none of these.