Written by ForexBrokers.com
In this head to head comparison of Plus500 vs FXGT.com, 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.
Founded in 2008, Plus500 is an online broker renowned for its highly trusted reputation, as reflected by its ForexBrokers.com Trust Score of 99 out of 99. Not only is Plus500 publicly traded, which adds a layer of transparency, but it also holds six Tier-1 licenses and three Tier-2 licenses. These credentials set Plus500 in the top tier for trustworthiness and regulatory compliance among online brokers, offering users a high level of confidence.
In contrast, FXGT.com, founded in 2019, is a younger entrant in the online brokerage space. It is not publicly traded and holds only one Tier-1 license and one Tier-2 license. With a ForexBrokers.com Trust Score of 69, FXGT.com is considered high-risk compared to its rival, Plus500. While both brokers are non-banking entities, Plus500's regulatory standing is significantly stronger, making it a more reliable choice for traders seeking assurance and compliance.
| Feature |
Plus500
|
FXGT.com
|
|---|---|---|
| Year Founded | 2008 | 2019 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 6 | 1 |
| Tier-2 Licenses | 3 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 2 |
When comparing Plus500 to FXGT.com, Plus500 generally positions itself slightly above the industry average in terms of pricing. With spreads for the popular EUR/USD currency pair averaging 1.5 pips in April 2024, Plus500's costs are higher compared to some of the leading forex brokers like IG or Saxo. Although it does not provide discounts to retail clients, Plus500 offers cash rebates to those who qualify as Professional clients, serving as a form of active trader program.
In contrast, FXGT.com does not provide readily available average spread data, making it challenging for potential clients to directly compare their costs. However, based on ratings and rankings, Plus500 fares better with a 4.0-star rating for commissions and fees, compared to FXGT.com's 3.5-star rating. This ranking is further highlighted by their respective positions on ForexBrokers.com's list, where Plus500 ranks 25th out of 63 brokers, while FXGT.com trails behind at 56th.
| Feature |
Plus500
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | €100 | $5 |
| 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 | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the variety of investment options, Plus500 and FXGT.com offer different ranges that cater to diverse trading needs. Plus500 boasts an impressive selection with 5,500 tradeable symbols, including 65 forex pairs and access to exchange-traded securities on both U.S. and international exchanges, allowing investors to purchase shares like Apple or Vodafone directly. In contrast, FXGT.com provides 117 tradeable symbols with 53 forex pairs but does not offer trading of actual U.S. or international stocks, focusing instead on forex and CFDs.
For those interested in cryptocurrency, both brokers support trading in cryptocurrency derivatives but do not allow the purchase of the actual digital coins. FXGT.com stands out by offering a copy trading option, enabling traders to replicate successful strategies from others, a feature not available with Plus500. Reflecting on their ratings, Plus500 scores 4.5 stars for its range of investments, significantly ahead of FXGT.com's 3-star rating. On the ForexBrokers.com ranking, Plus500 is placed 24th out of 63 brokers for its range of investments, while FXGT.com ranks at 61st, highlighting Plus500's broader selection and appeal for a diverse spectrum of traders.
| Feature |
Plus500
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 117 |
| Forex Pairs (Total) | 65 | 53 |
| 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. | 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). |
Dive deeper: Best Copy Trading Platforms.
Plus500 and FXGT.com both provide free demo accounts, allowing users to practice trading with virtual funds. While Plus500 impresses with its in-house developed web-based platform, FXGT.com offers more flexibility with its downloadable desktop platform for Windows. However, FXGT.com stands out for its compatibility with the popular MetaTrader 4 and MetaTrader 5 platforms, which are not available with Plus500. Additionally, FXGT.com supports copy trading, accommodating traders interested in replicating successful strategies.
When it comes to charting, Plus500 and FXGT.com each have unique strengths. Plus500 provides a greater variety of drawing tools, boasting 36 compared to FXGT.com's 23. Yet, FXGT.com allows direct trading from stock charts, a feature that Plus500 lacks. In terms of watch list customization, Plus500 leads with 10 columns against FXGT.com's 5. These advantages contribute to Plus500’s higher 4.5-star rating and a #14 ranking in the Trading Platforms and Tools category, as compared to FXGT.com's 4-star rating and #56 ranking. Overall, Plus500 may suit those seeking a streamlined in-browser experience, while FXGT.com is ideal for traders needing advanced MetaTrader functionalities.
| Feature |
Plus500
|
FXGT.com
|
|---|---|---|
| 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 | No |
| Charting - Indicators / Studies (Total) | 115 | 37 |
| Charting - Drawing Tools (Total) | 36 | 23 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 10 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Plus500 and FXGT.com both provide mobile trading apps compatible with iPhone and Android devices, ensuring easy access for users on the go. Both apps offer stock or forex price alerts and allow synchronized watchlists between the mobile app and online accounts, making it convenient for users to keep track of their investments. Plus500 and FXGT.com both support drawing trendlines and viewing different time frames on charts. However, only the FXGT.com app automatically saves drawings, which might be an added convenience for its users who frequently annotate their charts.
While both apps allow the creation of watchlists with real-time quotes, there are some differences in charting features. Plus500 offers 115 technical studies for its charting capabilities, compared to the 30 provided by FXGT.com. This may appeal to traders looking for a more comprehensive analysis toolkit. In terms of user ratings and rankings, Plus500 outshines FXGT.com with a 4.5-star rating and a #14 rank out of 63 brokers reviewed by ForexBrokers.com. FXGT.com, in contrast, holds a 3.5-star rating and is ranked at #58. For users seeking a higher-rated mobile trading experience, Plus500 may be the preferred choice.
| Feature |
Plus500
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 115 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Plus500 and FXGT.com for online trading, Plus500 stands out with its comprehensive research offerings. Plus500 provides daily market commentary, which helps traders stay informed about market trends and developments. Additionally, it features tools from Trading Central, including Technical Analytics, which are beneficial for both technical and fundamental analysis. Plus500 also provides a sentiment-based trading tool and an economic calendar, both of which are vital for making informed trading decisions. These features contribute to a higher research rating of 4 out of 5 stars, ranking Plus500 at 19th among 63 brokers assessed by ForexBrokers.com.
FXGT.com, on the other hand, offers a more limited suite of research tools. While it shares the sentiment-based trading tool and economic calendar with Plus500, it lacks daily market commentary and tools from Trading Central. As a result, FXGT.com holds a lower research rating of 3 stars and is ranked 56th by ForexBrokers.com. Neither Plus500 nor FXGT.com provides forex news from top-tier sources or research tools from Autochartist or Acuity Trading, making comprehensive news access and tool variety areas for potential improvement. Overall, for traders seeking extensive insights and analytical support, Plus500 emerges as the more research-rich option between the two.
| Feature |
Plus500
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, Plus500 stands out compared to FXGT.com. Plus500 offers a well-rounded learning experience with over ten educational pieces focusing on forex and CFDs, including articles, videos, and archived webinars. To support ongoing education, Plus500 hosts at least one live educational webinar per month and provides access to a searchable archive of past sessions. Additionally, beginners can benefit from a collection of more than ten videos specifically tailored to help new traders understand the basics of trading.
In contrast, FXGT.com does not match Plus500 in the quantity or variety of educational resources. It lacks a substantial collection of educational materials on forex and CFDs and doesn't offer monthly webinars or archives of past sessions. However, FXGT.com does feature an investor dictionary with over 50 investing terms, which can be beneficial for those new to trading jargon. Despite its effort to provide some form of educational support, FXGT.com receives a lower rating of 3 stars for education, whereas Plus500 achieves a rating of 4 stars, ranking significantly higher at 31st compared to FXGT.com's 60th position out of 63 brokers reviewed by ForexBrokers.com.
| Feature |
Plus500
|
FXGT.com
|
|---|---|---|
| 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 FXGT.com. Plus500 finished with an overall rank of #14, while FXGT.com finished with an overall rank of #59.
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
|
FXGT.com
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 99 | 69 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
While both Plus500 and FXGT.com do not provide the option to buy actual delivered cryptocurrency, they each offer the ability to trade cryptocurrency derivatives.
When comparing online brokers, it’s important to note that Plus500 supports deposits and withdrawals via PayPal, Skrill, Visa/Mastercard, and bank wires, but not ACH or SEPA transfers, whereas FXGT.com enables ACH and SEPA transfers alongside Visa/Mastercard and bank wires, but does not support PayPal or Skrill.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Plus500 | FXGT.com | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 69 | |
| Winner | check_circle | ||
| Review | Plus500 Review |
| Broker Screenshots | Plus500 | FXGT.com | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| Regulation | Plus500 | FXGT.com | |
|---|---|---|---|
| Trust Score | 99 | 69 | |
| Year Founded | 2008 | 2019 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 6 | 1 | |
| Tier-2 Licenses | 3 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 2 |
| Tier-1 Licenses (Highly Trusted) | Plus500 | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| 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 | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Plus500 | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 117 | |
| Forex Pairs (Total) | 65 | 53 | |
| 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. | 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). |
| Cost | Plus500 | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Plus500 | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | €100 | $5 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Plus500 | FXGT.com | |
|---|---|---|---|
| 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 | No |
| Trading Tools | Plus500 | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 10 | 5 | |
| Charting - Indicators / Studies (Total) | 115 | 37 | |
| Charting - Drawing Tools (Total) | 36 | 23 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Plus500 | FXGT.com | |
|---|---|---|---|
| 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 | 115 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Plus500 | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Plus500 | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 69 | |
| Winner | check_circle | ||
| Review | Plus500 Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill