ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure

FXCM vs Plus500 2020

Is FXCM better than Plus500? After testing 30 of the best forex brokers over five months, FXCM is better than Plus500. While its range of tradeable markets is narrow and pricing is just average for everyday trading, FXCM caters to multiple trader types. High-volume traders, algorithmic traders, and, overall, traders that appreciate robust trading tools alongside quality market research will find FXCM to be a good fit.

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 FXCM Plus500
Overall 4.5 4
FXCM Review Plus500 Review
69.66% of retail CFD accounts lose money 76.4% of retail CFD accounts lose money

Regulation

Feature FXCM Plus500
Trust Score 92 98
Year Founded
1999 2008
Publicly Traded (Listed)
Yes Yes
Bank
No No
Tier-1 Licenses
3 2
Tier-2 Licenses
2 3
Tier-3 Licenses
0 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature FXCM Plus500
ASIC Authorised (Australia)
Yes Yes
IIROC Authorised (Canada)
Yes 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)
Yes Yes
CFTC Registered (USA)
No No

Investments

Feature FXCM Plus500
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes No
Currency Pairs (Total Forex pairs)
39 50
CFDs - Total Offered
32 2033
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 3.5 4
Winner check_circle

Cost

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

Funding

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

Trading Platforms

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

Trading Tools

Feature FXCM Plus500
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
12 10
Charting - Indicators / Studies (Total)
57 103
Charting - Drawing Tools (Total)
18 21
Charting - Trade From Chart
Yes No
Charting - Drawings Autosave
Yes No
Order Type - Trailing Stop
Yes Yes
Platform & Tools 4.5 3.5
Winner check_circle

Mobile Trading

Feature FXCM Plus500
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
No Yes
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
60 18
Charting - Draw Trend Lines
Yes No
Charting - Trend Lines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes No
Mobile Trading 4 3.5
Winner check_circle

Research

Feature FXCM Plus500
Daily Market Commentary
Yes No
Forex News (Top-Tier Sources)
Yes No
Weekly Webinars
Yes No
AutoChartist
Yes No
Trading Central (Recognia)
Yes No
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes
Research 4.5 3.5
Winner check_circle

Education

Feature FXCM Plus500
Has Education - Forex
Yes No
Has Education - CFDs
No 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)
Yes No
Education 4 3
Winner check_circle

Major Forex Pairs

Feature FXCM 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 FXCM Plus500
FXCM Review Plus500 Review
Overall 4.5 4
Winner check_circle
Our ForexBrokers.com team spent several months and hundreds of hours assessing 30 different forex broker accounts for trading FX. In total, over 3,180 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. Both FXCM and Plus500 hold a 4.00 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. FXCM and Plus500 both 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 has Meta Trader, Plus500 doesn't. 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 offers its clients access to 103 different indicators (for example, volume) while FXCM has 51 available indicators, a difference of 52.

FXCM Review
Plus500 Review


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 web site as of 01/20/2020 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).

arrow_drop_upBack to top