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Plus500 vs FXCM 2019

Is FXCM better than Plus500? After grading the best forex brokers on nearly 100 different variables, FXCM is better than Plus500. While its range of tradeable markets is very narrow, FXCM caters well to high-volume traders, algorithmic traders, and traders that appreciate robust trading tools alongside quality market research.
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 Plus500 FXCM
Overall 3 4
Plus500 Review FXCM Review
76.4% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money

Regulation

Feature Plus500 FXCM
Trust Score 97 92
Year Founded
2008 1999
Publicly Traded (Listed)
Yes Yes
Bank
No No
Tier-1 Licenses
2 3
Tier-2 Licenses
3 2
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature Plus500 FXCM
ASIC Authorised (Australia)
Yes Yes
IIROC Authorised (Canada)
No Yes
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
Yes No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Investments

Feature Plus500 FXCM
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
No Yes
Currency Pairs (Total Forex pairs)
50 39
CFDs - Total Offered
2033 32
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 3.5 3
Winner check_circle

Cost

Feature Plus500 FXCM
Average Spread EUR/USD - Standard
0.6 (as of Aug 2018) 1.3 (as of Q2 19)
All-in Cost EUR/USD - Active
N/A 0.7 (as of Q2 19)
Active Trader or VIP Discounts
No Yes
Commissions & Fees 4 3.5
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Funding

Feature Plus500 FXCM
Minimum Initial Deposit
€100 £300
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes No
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature Plus500 FXCM
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
No Yes
MetaTrader 4 (MT4)
No Yes
MetaTrader 5 (MT5)
No No
cTrader
No No

Trading Tools

Feature Plus500 FXCM
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
10 7
Charting - Indicators / Studies (Total)
103 51
Charting - Drawing Tools (Total)
21 31
Charting - Trade From Chart
No Yes
Charting - Drawings Autosave
No Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 2.5 4.5
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Mobile Trading

Feature Plus500 FXCM
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
Yes Yes
Charting - Indicators / Studies
18 30
Charting - Draw Trend Lines
No Yes
Charting - Trend Lines Moveable
No Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No Yes
Forex Calendar
No Yes
Mobile Trading 3 4
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Research

Feature Plus500 FXCM
Daily Market Commentary
No Yes
Forex News (Top-Tier Sources)
No Yes
Weekly Webinars
No Yes
AutoChartist
No Yes
Trading Central (Recognia)
No Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
No Yes
Economic Calendar
Yes Yes
Research 2.5 4
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Education

Feature Plus500 FXCM
Has Education - Forex
No Yes
Has Education - CFDs
No No
Client Webinars
No Yes
Client Webinars (Archived)
No Yes
Videos - Beginner Trading Videos
No Yes
Videos - Advanced Trading Videos
No Yes
Investor Dictionary (Glossary)
No Yes
Education 1 4
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Major Forex Pairs

Feature Plus500 FXCM
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 Plus500 FXCM
Plus500 Review FXCM Review
Overall 3 4
Winner check_circle
Our ForexBrokers.com team spent several months and hundreds of hours assessing 28 different forex broker accounts for trading FX. In total, over 2,200 data points were collected. For this review, we will compare FXCM 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. Plus500's score is 4.00 stars versus FXCM's 3.50 stars.

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 FXCM and Plus500 are regulated in a major hub. Both FXCM and Plus500 are publicly traded companies. How many currency pairs are available to trade? FXCM trails Plus500 by 11 total currency pairs (for example, EUR/USD), with Plus500 offering 50 and FXCM offering 39.

To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. FXCM 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. FXCM offers its clients access to 31 charting tools while Plus500 has 21 charting tools, a difference of 10. Plus500 boasts an offering of 103 different indicators (for example, moving averages) compared to FXCM's 51 available indicators.

FXCM Review
Plus500 Review


Trading CFDs, FX, and cryptocurrencies involves 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 web site as of 02/18/2019 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.

Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).

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