Written by ForexBrokers.com
In this head to head comparison of Plus500 vs FXOpen, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Plus500, founded in 2008, stands as a highly trusted online broker with a perfect Trust Score of 99 according to ForexBrokers.com. With 6 Tier-1 licenses, Plus500 offers strong regulatory assurance, despite not being a bank. Publicly traded, Plus500 provides additional transparency for investors and traders alike.
Founded in 2003, FXOpen is an online broker with a ForexBrokers.com Trust Score of 76, indicating an average level of risk. Holding two Tier-1 licenses, FXOpen demonstrates a commitment to maintaining trusted regulatory standards, although it is not publicly traded and holds no Tier-2 licenses. Like Plus500, FXOpen is not a bank, but provides a viable option for those considering options with moderate risk.
| Feature |
Plus500
|
FXOpen
|
|---|---|---|
| Year Founded | 2008 | 2003 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 6 | 2 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
When comparing Plus500 to FXOpen for their commissions and fees, Plus500 positions itself slightly above the industry average. Although it does not extend retail client discounts, Plus500 provides cash rebates for those who qualify as Professional clients. One key consideration is that the spread for trading EUR/USD averaged 1.5 pips in April 2024, higher than the industry average. Given this, Plus500 has earned a 4.0-star rating for its fees and ranks 25th out of 63 brokers according to ForexBrokers.com.
FXOpen, on the other hand, offers limited data on average spreads, making direct cost comparisons challenging. Despite this, FXOpen is awarded a similar 4-star rating for its commissions and fees. However, it ranks lower than Plus500, sitting at the 44th position out of 63 brokers on ForexBrokers.com’s list for commissions and fees. This suggests that while FXOpen may hold potential, it lacks the detailed fee transparency seen with Plus500.
In conclusion, while both brokers have merit, Plus500 may appeal to those prioritizing transparency and rebate opportunities, even at slightly higher costs. Meanwhile, FXOpen might be suited to traders less concerned with immediate cost comparisons and instead focused on other aspects of brokerage services.
| Feature |
Plus500
|
FXOpen
|
|---|---|---|
| Minimum Deposit | €100 | $100 |
| Average Spread EUR/USD - Standard | 1.5 | N/A |
| All-in Cost EUR/USD - Active | 1.5 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments, Plus500 stands out with an extensive selection of 5,500 tradeable symbols, including 65 forex pairs. On the other hand, FXOpen provides a more limited offering with 87 tradeable symbols and 25 forex pairs. Plus500 offers the added advantage of exchange-traded securities on both U.S. and international exchanges, allowing clients to invest directly in companies like Apple and Vodafone. FXOpen, however, does not provide access to exchange-traded securities outside of CFDs. Both brokers offer forex trading as CFDs and cryptocurrency derivatives, but neither supports the direct purchase of actual cryptocurrencies. While FXOpen does offer copy trading, Plus500 does not.
In terms of investment range, Plus500 rates 4.5 out of 5 stars and ranks #24 among 63 brokers according to ForexBrokers.com. FXOpen, however, receives a rating of 3 stars and holds the #62 position. This discrepancy highlights Plus500's superior variety of investment options compared to FXOpen, making it a more appealing choice for investors seeking diverse opportunities. Whether you're looking to trade forex, invest in global stocks, or explore cryptocurrency derivatives, Plus500 provides a broader spectrum of options to suit diverse investment strategies.
| Feature |
Plus500
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 87 |
| Forex Pairs (Total) | 65 | 25 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools offered by Plus500 and FXOpen, both brokers provide a free virtual demo account for simulated trading, making it easier for beginners to practice without risk. Plus500 stands out with its in-house developed proprietary platform, available exclusively as a web-based option. In contrast, FXOpen provides diversity with a Windows-based desktop platform and supports popular software like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). FXOpen also offers additional features like copy trading through ZuluTrade, which Plus500 does not support.
Charting tools are an area where Plus500 shines, offering 36 drawing tools compared to FXOpen's 15, although FXOpen allows direct trading from stock charts—an option not available with Plus500. When it comes to watch lists, Plus500 provides 10 configurable columns, while FXOpen offers seven. Despite these differences, Plus500 receives a higher rating of 4.5 stars for its trading platforms and tools, ranking #14 out of 63 brokers on ForexBrokers.com, whereas FXOpen earns 4 stars and ranks #53. This makes Plus500 a strong contender for those valuing proprietary technology and customization, while FXOpen appeals to those seeking flexibility with platform variety and trading styles.
| Feature |
Plus500
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 115 | 30 |
| Charting - Drawing Tools (Total) | 36 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 10 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When evaluating mobile trading apps, Plus500 and FXOpen both offer solid options for iPhone and Android users, complete with stock and forex price alerts. Plus500 stands out with its watchlist symbol syncing, which means any changes made in the mobile app are seamlessly reflected in the online account. In contrast, FXOpen lacks this syncing feature. For those who value in-depth chart analysis, Plus500 offers a significant advantage with 115 technical studies, compared to FXOpen's 30. Both apps allow users to draw trendlines and view multiple timeframes, but neither auto saves these drawings.
In terms of usability and user experience, Plus500 has an edge, boasting a 4.5-star rating for its mobile app, while FXOpen holds a 4-star rating. Plus500's app also allows for creating watchlists with real-time quotes. According to ForexBrokers.com, Plus500 ranks considerably higher, at 14th out of 63 brokers for mobile trading apps, whereas FXOpen ranks 54th. This makes Plus500 a preferred choice for traders who seek an all-in-one, flexible mobile trading experience.
| Feature |
Plus500
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 115 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both Plus500 and FXOpen provide daily market commentary, offering updates and insights to traders. However, when it comes to forex news sourced from notable platforms like Bloomberg, Reuters, and Dow Jones, FXOpen takes the lead, while Plus500 does not offer news from these premium sources. For traders who rely on technical analysis, Plus500 offers tools from Trading Central, which can provide valuable insights, while FXOpen lacks such advanced tools from Trading Central. Moreover, Plus500 provides a unique sentiment-based trading tool that displays the ratio of long and short positions in the market, a feature absent in FXOpen's offerings.
An economic calendar is available through both brokers, allowing users to stay informed with upcoming global news events. Nevertheless, the research rating of these platforms separates them distinctively. Plus500 boasts a 4-star rating and ranks #19 out of 63 brokers according to ForexBrokers.com, whereas FXOpen has a 3-star rating and comes in at #63. This discrepancy highlights Plus500's stronger position in the research arena compared to FXOpen, making it potentially more suitable for those who prioritize a comprehensive research package in their trading experience.
| Feature |
Plus500
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available to beginners from online brokers Plus500 and FXOpen, Plus500 clearly stands out. Plus500 provides a comprehensive suite of educational materials on forex and CFDs, offering more than 10 resources like articles, videos, and webinars aimed to help beginners grasp essential trading concepts. In addition, Plus500 hosts at least one online educational webinar each month, ensuring that learners have ongoing opportunities to expand their knowledge. To reinforce this experience, Plus500 offers a searchable archive of previously recorded webinars, making it easy for users to revisit past sessions. Plus500 also caters to both novice and seasoned traders with specific collections of beginner and advanced educational videos.
In contrast, FXOpen does not match Plus500's breadth of beginner-targeted educational material. While FXOpen offers an investor dictionary with definitions of over 50 investing terms, it lacks the range of webinars and video content that Plus500 provides. Without the regular webinars or a substantial library of videos, beginners might find fewer opportunities to deepen their understanding of trading with FXOpen. Consequently, Plus500 is rated higher with 4.0 stars for education, compared to FXOpen's 3 stars. Reflecting these differences, ForexBrokers.com ranks Plus500 at #31 out of 63 brokers in the Education category, while FXOpen is placed at #58.
| Feature |
Plus500
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Plus500 is better than FXOpen. Plus500 finished with an overall rank of #14, while FXOpen finished with an overall rank of #54.
Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to a thorough selection of CFDs. Share trading is available, but only via its Plus500 Invest product offering.
| Feature |
Plus500
|
FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 76 |
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Both Plus500 and FXOpen do not offer the ability to buy actual, delivered cryptocurrency, but they both enable trading in cryptocurrency derivatives.
When comparing Plus500 and FXOpen in terms of deposit and withdrawal options, both brokers do not support ACH or SEPA transfers, but Plus500 distinguishes itself by allowing PayPal transactions, which FXOpen does not; both brokers accept Skrill, Visa, Mastercard, and bank wire transactions, making them versatile in traditional payment methods.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Plus500 | FXOpen | |
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| Trust Score | 99 | 76 | |
| Winner | check_circle | ||
| Review | Plus500 Review |
| Broker Screenshots | Plus500 | FXOpen | |
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| Regulation | Plus500 | FXOpen | |
|---|---|---|---|
| Trust Score | 99 | 76 | |
| Year Founded | 2008 | 2003 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 6 | 2 | |
| Tier-2 Licenses | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | Plus500 | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Plus500 | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Plus500 | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 87 | |
| Forex Pairs (Total) | 65 | 25 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. |
| Cost | Plus500 | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.5 | N/A | |
| All-in Cost EUR/USD - Active | 1.5 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Plus500 | FXOpen | |
|---|---|---|---|
| Minimum Deposit | €100 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Plus500 | FXOpen | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Plus500 | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 10 | 7 | |
| Charting - Indicators / Studies (Total) | 115 | 30 | |
| Charting - Drawing Tools (Total) | 36 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Plus500 | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 115 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Plus500 | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Plus500 | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Plus500 | FXOpen | |
|---|---|---|---|
| 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 | |
| Review | Plus500 Review |
| Overall | Plus500 | FXOpen | |
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| Trust Score | 99 | 76 | |
| Winner | check_circle | ||
| Review | Plus500 Review |
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