After spending seven months and hundreds of hours researching 43 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare FxPro vs Plus500.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. FxPro is a better option with a 4.00 star rating over Plus500's 3.00 star rating.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. FxPro alongside Plus500 are regulated in a major hub. Plus500 is a publicly traded company, while FxPro is not. As far as how many currency pairs are available for trading, here's the answer. Plus500 trails FxPro by 10 total currency pairs (for example, EUR/USD), with FxPro offering 70 and Plus500 offering 60.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. FxPro has Meta Trader, Plus500 doesn't. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. FxPro offers its clients access to 31 charting tools while Plus500 has 0 charting tools, a difference of 31. Plus500 offers its clients access to 103 different indicators (for example, volume) while FxPro has 51 available indicators, a difference of 52.
Overall, FxPro boasts 4.00 stars versus Plus500's 3.00 stars. And, when it comes to individual category awards, both FxPro and Plus500 found themselves without awards for Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading, Best in Class - Mobile Trading and Best in Class - Investor Education in 2018.