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Plus500 vs FxPro 2020

ForexBrokers.com | January 17th, 2020

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  3. Plus500 vs FxPro Review
Is FxPro better than Plus500? After scoring the best forex brokers on nearly 100 different variables, FxPro is better than Plus500. FxPro won our award, Best MetaTrader Broker 2019, thanks to offering the full MetaTrader suite, including both MT4 and MT5 for both desktop and browser, and multiple account pricing options. Drawbacks to FxPro include a small range of tradeable products and limited market research.

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 97 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) 1.51 (as of Oct 18)
All-in Cost EUR/USD - Active
 N/A 1.27 (as of Aug 19)
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 Yes
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
To find the top fx brokers, the team here at ForexBrokers.com collected over 2,200 data points during a several month review of the forex industry. In this fx broker comparison, we will compare FxPro vs Plus500.

To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. Both FxPro and Plus500 hold a 4.00 star rating.

Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. Both FxPro and Plus500 are regulated in a major hub. Plus500 is a publicly traded company, while FxPro is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. FxPro offers its clients access to 69 different currency pairs while Plus500 has 50 available pairs, a difference of 19.

To round out our comparison of FxPro vs Plus500, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. FxPro offers Meta Trader while Plus500 does not. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. FxPro offers its clients access to 31 charting tools while Plus500 has 21 charting tools, a difference of 10. 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 involve 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 01/15/2020 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.

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

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