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Plus500 vs FxPro 2019

ForexBrokers.com | September 19th, 2019

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  3. Plus500 vs FxPro Review
Is FxPro better than Plus500? After grading forex brokers on nearly 100 different variables, FxPro is better than Plus500. With regulatory licenses across the globe, competitive pricing, reliable customer service, and a full platform lineup including MT4, MT5, and cTrader, FxPro’s only notable weakness is its offering of forex market research tools.
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 Plus500 FxPro
Overall 3 4
Plus500 Review FxPro Review
76.4% of retail CFD accounts lose money 79% of retail CFD accounts lose money

Regulation

Feature Plus500 FxPro
Trust Score 93 90
Year Founded
 2008 2006
Publicly Traded (Listed)
 Yes No
Bank
 No No
Tier-1 Licenses
 2 1
Tier-2 Licenses
 3 3
Tier-3 Licenses
 0 1
Authorised in the European Union
 Yes Yes

Tier-1 Licenses

Feature Plus500 FxPro
ASIC Authorised (Australia)
 Yes No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
 No No
FSA Authorised (Japan)
 No No
MAS Authorised (Singapore)
 Yes No
FINMA Authorised (Switzerland)
 No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Investments

Feature Plus500 FxPro
Forex: Spot Trading
 Yes Yes
Social Trading / Copy-Trading
 No Yes
Currency Pairs (Total Forex pairs)
 50 69
CFDs - Total Offered
 2033 201
Cryptocurrency traded as actual
 No No
Cryptocurrency traded as CFD
 Yes Yes
Offering of Investments 3.5 3
Winner check_circle

Cost

Feature Plus500 FxPro
Average Spread EUR/USD - Standard
 0.6 (as of Aug 2018) 1.2 (as of Oct 18)
All-in Cost EUR/USD - Active
 N/A 1.35 (as of Oct 18)
Active Trader or VIP Discounts
 No Yes
Commissions & Fees 4 4
Winner check_circle

Funding

Feature Plus500 FxPro
Minimum Initial Deposit
 €100 $100.00
Bank Wire (Deposit/Withdraw)
 Yes Yes
Visa/Mastercard (Credit/Debit)
 Yes Yes
PayPal (Deposit/Withdraw)
 Yes Yes
Skrill (Deposit/Withdraw)
 Yes Yes

Trading Platforms

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

Trading Tools

Feature Plus500 FxPro
Virtual Trading (Demo)
 Yes Yes
Alerts - Basic Fields
 Yes Yes
Watchlists - Total Fields
 10 7
Charting - Indicators / Studies (Total)
 103 51
Charting - Drawing Tools (Total)
 21 31
Charting - Trade From Chart
 No Yes
Charting - Drawings Autosave
 No Yes
Order Type - Trailing Stop
 Yes Yes
Platform & Tools 2.5 4
Winner check_circle

Mobile Trading

Feature Plus500 FxPro
Android App
 Yes Yes
Apple iOS App
 Yes Yes
Trading - Forex
 Yes Yes
Trading - CFDs
 Yes Yes
Alerts - Basic Fields
 Yes Yes
Watch List
 Yes Yes
Watch List Syncing
 Yes Yes
Charting - Indicators / Studies
 18 30
Charting - Draw Trend Lines
 No Yes
Charting - Trend Lines Moveable
 No Yes
Charting - Multiple Time Frames
 Yes Yes
Charting - Drawings Autosave
 No No
Forex Calendar
 No No
Mobile Trading 3 3.5
Winner check_circle

Research

Feature Plus500 FxPro
Daily Market Commentary
 No Yes
Forex News (Top-Tier Sources)
 No Yes
Weekly Webinars
 No No
AutoChartist
 No No
Trading Central (Recognia)
 No Yes
Delkos Research
 No No
Social Sentiment - Currency Pairs
 No Yes
Economic Calendar
 Yes Yes
Research 2.5 3
Winner check_circle

Education

Feature Plus500 FxPro
Has Education - Forex
 No Yes
Has Education - CFDs
No No
Client Webinars
 No Yes
Client Webinars (Archived)
 No Yes
Videos - Beginner Trading Videos
 No Yes
Videos - Advanced Trading Videos
 No Yes
Investor Dictionary (Glossary)
 No Yes
Education 1 3.5
Winner check_circle

Major Forex Pairs

Feature Plus500 FxPro
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 Plus500 FxPro
Plus500 Review FxPro Review
Overall 3 4
Winner check_circle
Our ForexBrokers.com team spent several months and hundreds of hours assessing 28 different forex broker accounts for trading FX. In total, over 2,200 data points were collected. For this review, we will compare FxPro 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 FxPro 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. Both FxPro and Plus500 are regulated in a major hub. Plus500 is a publicly traded company while FxPro is not. How many currency pairs are available to trade? Plus500 trails FxPro by 10 total currency pairs (for example, EUR/USD), with FxPro offering 70 and Plus500 offering 60.

To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. FxPro makes Meta Trader available to clients, while Plus500 does not. Within the trading platform, charting should be robust, so 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 boasts an offering of 103 different indicators (for example, moving averages) compared to FxPro's 51 available indicators.

FxPro Review
Plus500 Review

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Trading CFDs, FX, and cryptocurrencies involves 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 02/18/2019 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.

Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).

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