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Plus500 vs FxPro 2019

ForexBrokers.com | October 27th, 2019

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  3. Plus500 vs FxPro Review
Is FxPro better than Plus500? After assessing 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
After spending several months and hundreds of hours researching 28 different forex brokers for trading FX, our team at ForexBrokers.com team collected over 2,200 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. Both FxPro and Plus500 share a rating of 4.00 stars.

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. Both FxPro and 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. FxPro offers its clients access to 69 different currency pairs while Plus500 has 50 available pairs, a difference of 19.

Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. FxPro offers Meta Trader while Plus500 does not. 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 boasts an offering of 31 charting tools compared to Plus500's 21 available charting tools. Plus500 offers its clients access to 103 different indicators (for example, volume) while FxPro has 51 available indicators, a difference of 52.

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.

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

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