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 the commissions and fees of Plus500 and FXGT.com, there are notable differences to consider. Plus500's pricing is slightly above the industry standard, especially for active traders, with no discounts for retail clients. However, Professional clients can qualify for cash rebates. In April 2024, the EUR/USD spread at Plus500 averaged 1.5 pips, which is higher than the market average. FXGT.com, on the other hand, does not provide average spread data, making it difficult to directly compare their costs. Plus500 stands out with a slightly better rating of 4.0 stars, compared to FXGT.com's 3.5 stars.
In the broader context of broker rankings by ForexBrokers.com for Commissions and Fees, Plus500 is positioned at #23, reflecting its competitive but slightly above-average pricing. Conversely, FXGT.com ranks significantly lower at #56 out of 63 brokers, indicating that it may not be as cost-effective, especially when considering the lack of transparency in available spread data. This disparity can be a deciding factor for traders who prioritize fee structures in their trading activities.
For those weighing Plus500 against FXGT.com, understanding these nuances can aid in choosing a broker that aligns with individual trading strategies. While Plus500 offers structured rebates for professional clients, the lack of publicized average spread data for FXGT.com can be a challenge for traders seeking transparency. Ultimately, this comparison highlights the importance of assessing both cost structure and ratings to make well-informed trading decisions.
| Feature |
Plus500
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | €50 | $5 |
| Average Spread EUR/USD - Standard | 1.3 | N/A |
| All-in Cost EUR/USD - Active | 1.3 | 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 comparing Plus500 and FXGT.com, it's clear that Plus500 offers a wider selection of investment opportunities. Traders can access 5,500 tradeable symbols and a choice of 65 forex pairs on Plus500, compared to FXGT.com's 117 symbols and 53 forex pairs. In addition to forex CFDs, Plus500 provides clients the opportunity to invest in exchange-traded securities on both U.S. and international exchanges, enabling users to buy stocks like Apple and Vodafone. On the other hand, FXGT.com does not offer traditional stock trading on U.S. or international exchanges, focusing instead on CFD trading for forex and cryptocurrencies.
Plus500 doesn't provide copy trading or actual cryptocurrency buying, but it does offer cryptocurrency derivatives. FXGT.com, while also not offering direct cryptocurrency purchases, allows traders to access copy trading and cryptocurrency derivatives. However, where range of investments is concerned, Plus500 scores higher with a 4.5-star rating and a rank of #21 out of 63 brokers, whereas FXGT.com receives a 3-star rating and ranks #61 in the same category according to ForexBrokers.com. This highlights Plus500's more extensive investment offerings for a variety of trading interests.
| 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 in terms of market research features, potential traders may find Plus500 to be more advantageous. Plus500 provides users with daily market commentary, along with insights from Trading Central, including technical analytics. The platform also offers a sentiment-based trading tool to help traders gauge market mood, and an economic calendar to keep tabs on important global events. Even though Plus500 lacks forex news from top-tier sources and certain research tools, it still earns a respectable research rating of 4.0 stars, positioning itself as the 19th broker in the research category according to ForexBrokers.com.
On the other hand, FXGT.com does not offer daily market commentary or insights from providers like Trading Central. However, it does provide a sentiment-based trading tool and an economic calendar, similar to Plus500. Despite missing several key research tools, FXGT.com holds a basic research rating of 3 stars and ranks at #56 among 63 brokers in the research category. Neither broker offers forex news from top-tier sources or research tools from companies like Autochartist or Acuity Trading, which may be a consideration for traders focused on comprehensive market analyses.
| 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 | |
| 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 |
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| Trust Score | 99 | 69 |
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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.
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0 of 5| Overall Rating | Plus500 | FXGT.com | |
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| Trust Score | 99 | 69 | |
| Winner | check_circle | ||
| Review | Plus500 Review |
| Broker Screenshots | Plus500 | FXGT.com | |
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| 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 | ||
| Canada (CIRO Authorised) | No | ||
| Hong Kong (SFC Authorised) | No | ||
| Japan (SFC Authorised) | Yes | ||
| Singapore (MAS Authorised) | Yes | ||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | ||
| USA (CFTC Authorized) | No | ||
| New Zealand (FMA Authorised) | Yes | ||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Plus500 | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | Yes | ||
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | ||
| India (SEBI Authorised) | No | ||
| Jordan (JSC Authorised) |
| 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 | 1.3 | N/A | |
| All-in Cost EUR/USD - Active | 1.3 | 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 | €50 | $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 | ||
| 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 | |
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| Trust Score | 99 | 69 | |
| Winner | check_circle | ||
| Review | Plus500 Review |
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