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FXCM vs Plus500 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is FXCM better than Plus500? In our analysis of 23 international regulators across 62 of the best forex brokers, FXCM is considered low-risk, with an overall Trust Score of 96 out of 99. Plus500 is considered low-risk, with an overall trust score of 98 out of 99. Learn more about Trust Score.

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Overall RatingFXCMPlus500
Overall Rating 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 4.5/5 Stars
Offering of Investments 3.5/5 Stars 4/5 Stars
Platform & Tools 5/5 Stars 4.5/5 Stars
Mobile Trading 4/5 Stars 4.5/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score 96 98
Winner check_circle
Review FXCM Review Plus500 Review
RegulationFXCMPlus500
Trust Score 96 98
Year Founded 1999 2008
Publicly Traded (Listed) Yes Yes
Bank No No
Authorised in European Union Yes info Yes info
Tier-1 Licenses 3 4
Tier-2 Licenses 3 4
Tier-3 Licenses 0 0
Tier-1 Licenses (High Trust)FXCMPlus500
ASIC Authorised (Australia) Yes Yes
IIROC Authorised (Canada) Yes No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No Yes
MAS Authorised (Singapore) No Yes
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes Yes
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No Yes
Tier-2 Licenses (Average Trust)FXCMPlus500
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes Yes
SEBI Authorised (India) No No
ISA Authorised (Israel) Yes Yes
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) Yes Yes
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No Yes
Tier-3 Licenses (Low Trust)FXCMPlus500
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsFXCMPlus500
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 440 2800
Forex Pairs (Total) 41 65
U.S. Stock Trading (Non CFD) No Yes
Int'l Stock Trading (Non CFD) No Yes
Social Trading / Copy Trading Yes No
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) 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). 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.
CostFXCMPlus500
Average Spread EUR/USD - Standard 1.38 info 0.8
All-in Cost EUR/USD - Active 1.38 info N/A
Active Trader or VIP Discounts Yes No
Execution: Agency Broker Yes No
Execution: Market Maker Yes Yes
FundingFXCMPlus500
Minimum Deposit Starts from $50 €100
PayPal (Deposit/Withdraw) Yes Yes
Skrill (Deposit/Withdraw) Yes No
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsFXCMPlus500
Proprietary Platform Yes Yes
Desktop Platform (Windows) Yes No
Web Platform Yes Yes
Social Trading / Copy Trading Yes No
MetaTrader 4 (MT4) Yes No
MetaTrader 5 (MT5) No No
cTrader No No
DupliTrade No No
ZuluTrade Yes info No
Trading ToolsFXCMPlus500
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 13 9
Charting - Indicators / Studies (Total) 59 110
Charting - Drawing Tools (Total) 10 21
Charting - Trade From Chart Yes No
Charts can be saved Yes Yes
Mobile TradingFXCMPlus500
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing Yes Yes
Mobile Charting - Indicators / Studies 59 110
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave Yes No
Forex Calendar Yes Yes
ResearchFXCMPlus500
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes No
Autochartist Yes No
Trading Central (Recognia) Yes Yes
Social Sentiment - Currency Pairs Yes Yes
Economic Calendar Yes Yes
EducationFXCMPlus500
Has Education - Forex or CFDs Yes Yes
Client Webinars Yes Yes
Client Webinars (Archived) Yes Yes
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos Yes Yes
Investor Dictionary (Glossary) Yes No
Major Forex PairsFXCMPlus500
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 FXCM Review Plus500 Review
OverallFXCMPlus500
Overall Rating 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 4.5/5 Stars
Offering of Investments 3.5/5 Stars 4/5 Stars
Platform & Tools 5/5 Stars 4.5/5 Stars
Mobile Trading 4/5 Stars 4.5/5 Stars
Research 4.5/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score 96 98
Winner check_circle
Review FXCM Review Plus500 Review
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FXCM vs Plus500 Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare FXCM vs Plus500.

Does FXCM 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, Plus500 offers better pricing overall for traders.

Is FXCM or Plus500 safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Plus500 holds 4 global Tier-1 licenses, while FXCM holds 3. Plus500 holds 4 global Tier-2 licenses, while FXCM holds 3. In our analysis of 23 international regulators across 50 brokers, Plus500 earned a higher Trust Score than FXCM.

Which trading platform is better: FXCM or Plus500?

To compare the trading platforms of both FXCM and Plus500, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FXCM offers a better experience. With research, FXCM 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. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

Plus500 provides traders 65 currency pairs (e.g., EUR/USD) compared to FXCM's 41 available pairs. Forex pairs aside, Plus500 offers traders access to 2800 CFDs while FXCM has 440 available CFDs, a difference of 2360.

Can I trust FXCM?

FXCM's parent company is publicly-traded, does not operate a bank, and is authorised by three tier-1 regulators (high trust), three tier-2 regulators (average trust), and zero tier-3 regulators (low trust). FXCM is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), and via Friedberg Direct, with the Investment Industry Regulatory Organization of Canada (IIROC).

Can I trust Plus500?

Plus500 is publicly traded and does not operate a bank. Plus500 is authorised by five tier-1 regulators (high trust), three tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Plus500 is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA), Australian Securities & Investment Commission (ASIC), and the Monetary Authority of Singapore (MAS).

Is FXCM good?

For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.

Is Plus500 good?

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.

Overall winner: FXCM

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announcementPlease 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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