Is FP Markets better than Plus500? After testing 27 of the best forex brokers over five months, FP Markets is better than Plus500. While FP Markets trails industry leaders in research and education, spreads on MetaTrader are highly competitive, helping FP Markets shine as a low-cost broker for forex and CFDs trading.
ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure
FP Markets vs Plus500 2021
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
|
|
|
Overall Rating
| Feature | FP Markets | Plus500 |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 81 | 98 |
| FP Markets Review | Plus500 Review | |
| Winner | check_circle | |
| The vast majority of retail CFD accounts lose money | 76.4% of retail CFD accounts lose money |
Regulation
| Feature | FP Markets | Plus500 |
| Trust Score | 81 | 98 |
|
Year Founded |
2005 | 2008 |
|
Publicly Traded (Listed) |
No | Yes |
|
Bank |
No | No |
|
Tier-1 Licenses |
1 | 3 |
|
Tier-2 Licenses |
1 | 4 |
|
Tier-3 Licenses |
0 | 0 |
|
Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses (High Trust)
| Feature | FP Markets | Plus500 |
|
ASIC Authorised (Australia) |
Yes | Yes |
|
IIROC Authorised (Canada) |
No | No |
|
SFC Authorised (Hong Kong) |
No | No |
|
FSA Authorised (Japan) |
No | No |
|
MAS Authorised (Singapore) |
No | Yes |
|
FINMA Authorised (Switzerland) |
No | No |
|
FCA Authorised (UK) |
No | Yes |
|
CFTC Registered (USA) |
No | No |
Investments
| Feature | FP Markets | Plus500 |
|
Forex: Spot Trading |
Yes | Yes |
|
Social Trading / Copy-Trading |
Yes | No |
|
Currency Pairs (Total Forex pairs) |
61 | 50 |
|
CFDs - Total Offered |
8908 | 2033 |
|
Cryptocurrency traded as actual |
No | No |
|
Cryptocurrency traded as CFD |
Yes | Yes |
Cost
| Feature | FP Markets | Plus500 |
|
Average Spread EUR/USD - Standard |
1.14 (June 2020) | 0.6 (as of Aug 2018) |
|
All-in Cost EUR/USD - Active |
0.61 (August 2020) | N/A |
|
Active Trader or VIP Discounts |
Yes | No |
Funding
| Feature | FP Markets | Plus500 |
|
Minimum Initial Deposit |
$100 AUD | €100 |
|
Bank Wire (Deposit/Withdraw) |
Yes | Yes |
|
Visa/Mastercard (Credit/Debit) |
Yes | Yes |
|
PayPal (Deposit/Withdraw) |
Yes | Yes |
|
Skrill (Deposit/Withdraw) |
Yes | Yes |
Trading Platforms
| Feature | FP Markets | Plus500 |
|
Proprietary Platform |
No | Yes |
|
Desktop Platform (Windows) |
Yes | Yes |
|
Web Platform |
Yes | Yes |
|
Social Trading / Copy-Trading |
Yes | No |
|
MetaTrader 4 (MT4) |
Yes | No |
|
MetaTrader 5 (MT5) |
Yes | No |
|
cTrader |
No | No |
|
DupliTrade |
No | No |
|
ZuluTrade |
No | No |
Trading Tools
| Feature | FP Markets | Plus500 |
|
Virtual Trading (Demo) |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watchlists - Total Fields |
Default (MT4/MT5) | 10 |
|
Charting - Indicators / Studies (Total) |
59 | 103 |
|
Charting - Drawing Tools (Total) |
Default (MT4/MT5) | 21 |
|
Charting - Trade From Chart |
Yes | No |
|
Charting - Drawings Autosave |
No | No |
|
Order Type - Trailing Stop |
No | Yes |
Mobile Trading
| Feature | FP Markets | Plus500 |
|
Android App |
Yes | Yes |
|
Apple iOS App |
Yes | Yes |
|
Trading - Forex |
Yes | Yes |
|
Trading - CFDs |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watch List |
Yes | Yes |
|
Watch List Syncing |
No | Yes |
|
Charting - Indicators / Studies |
Default (MT4/MT5) | 18 |
|
Charting - Draw Trendlines |
No | No |
|
Charting - Trendlines Moveable |
No | No |
|
Charting - Multiple Time Frames |
Yes | Yes |
|
Charting - Drawings Autosave |
No | No |
|
Forex Calendar |
No | No |
Research
| Feature | FP Markets | Plus500 |
|
Daily Market Commentary |
Yes | No |
|
Forex News (Top-Tier Sources) |
Yes | No |
|
Weekly Webinars |
No | No |
|
AutoChartist |
Yes | No |
|
Trading Central (Recognia) |
No | No |
|
Delkos Research |
No | No |
|
Social Sentiment - Currency Pairs |
Yes | No |
|
Economic Calendar |
Yes | Yes |
Education
| Feature | FP Markets | Plus500 |
|
Has Education - Forex |
Yes | No |
|
Has Education - CFDs |
Yes | No |
|
Client Webinars |
No | No |
|
Client Webinars (Archived) |
Yes | No |
|
Videos - Beginner Trading Videos |
Yes | No |
|
Videos - Advanced Trading Videos |
Yes | No |
|
Investor Dictionary (Glossary) |
Yes | No |
Major Forex Pairs
| Feature | FP Markets | Plus500 |
|
GBP/USD |
Yes | Yes |
|
USD/JPY |
Yes | Yes |
|
EUR/USD |
Yes | Yes |
|
USD/CHF |
Yes | Yes |
|
USD/CAD |
Yes | Yes |
|
NZD/USD |
Yes | Yes |
|
AUD/USD |
Yes | Yes |
Overall
| Feature | FP Markets | Plus500 |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 81 | 98 |
| FP Markets Review | Plus500 Review |
Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare FP Markets vs Plus500.
Does FP Markets or Plus500 offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, FP Markets offers better pricing overall for traders.
Is FP Markets or Plus500 safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. Plus500 holds 3 global Tier-1 licenses, while FP Markets holds 1. Plus500 holds 4 global Tier-2 licenses, while FP Markets holds 1. All regulators considered, Plus500 has a Trust Score of 98.00, while FP Markets's Trust Score is 81.00.
Which trading platform is better: FP Markets or Plus500?
To compare the trading platforms of both FP Markets and Plus500, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Plus500 offers a better experience. With research, FP Markets offers superior market research. Finally, we found Plus500 to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. While FP Markets offers copy trading, Plus500 does not. FP Markets offers MetaTrader 4 (MT4), while Plus500 does not.
How many forex pairs and CFDs are available to trade?
FP Markets provides traders 61 currency pairs (e.g., EUR/USD) compared to Plus500's 50 available pairs. Forex pairs aside, FP Markets offers traders access to 8908 CFDs while Plus500 has 2033 available CFDs, a difference of 6,875.
Overall winner: FP Markets
Read Next: Best Forex Brokers 2021
Related Comparisons
- Plus500 vs. CMC Markets
- Plus500 vs. eToro
- FP Markets vs. IC Markets
- FP Markets vs. Pepperstone
- FP Markets vs. Tickmill
- Plus500 vs. IG
Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.
The names, products, services, branding/logos, and other trademarks or images featured or cited within this Website (www.forexbrokers.com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with ForexBrokers.com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses ForexBrokers.com or any of its reviews, products, or services. ForexBrokers.com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.
Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
