Written by ForexBrokers.com
In this head to head comparison of Plus500 vs TopFX, 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.
Plus500, founded in 2008, is a well-regarded online broker with a strong regulatory standing. It is publicly traded and holds an impressive total of six Tier-1 licenses, which are considered highly trusted, along with three Tier-2 licenses. With a perfect Trust Score of 99 out of 99 from ForexBrokers.com, Plus500 ranks as a highly trusted broker for online trading, ensuring users a secure and reliable platform. Importantly, Plus500 is not a bank but is still notable for its high level of trustworthiness.
In comparison, TopFX, established in 2010, is a privately-held broker that holds one Tier-1 license, reflecting limited highly trusted regulatory recognition. Lacking any Tier-2 licenses, TopFX falls into the high-risk category with a ForexBrokers.com Trust Score of 67, indicating significant caution for potential users. Like Plus500, TopFX is not a bank, but its regulatory standing suggests a need for careful consideration when choosing to trade with them.
| Feature |
Plus500
|
TopFX
|
|---|---|---|
| Year Founded | 2008 | 2010 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 6 | 1 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
Comparing commissions and fees, TopFX can be cheaper on the EUR/USD if you choose its RAW account, while Plus500’s pricing sits a bit above the industry average. Still, Plus500 holds the stronger category placement overall. Ratings and rankings: Plus500 — 4.0 stars, ranked 24th out of 63; TopFX — 4 stars, ranked 41st out of 63.
Plus500’s pricing is slightly above the industry average and trails the best brokers for active trader pricing. In April 2024, the EUR/USD spread at Plus500 averaged 1.5 pips. The broker doesn’t offer retail discounts, though Professional clients may qualify for cash rebates.
TopFX offers two pricing models on MetaTrader and cTrader. The commission-based RAW account averaged a 0.33-pip spread on EUR/USD in July 2024, plus a commission of 2.75 EUR per side (5.50 EUR per round turn), for an all-in cost around 0.88 pips — roughly in line with the industry average. The ZERO account is commission-free, with a higher average spread of 1.03 pips on EUR/USD for July 2024.
| Feature |
Plus500
|
TopFX
|
|---|---|---|
| Minimum Deposit | €50 | Depends on payment method |
| Average spread (EUR/USD) - Standard account | 1.3 | 1.03 |
| All-in Cost EUR/USD - Active | 1.3 | 0.88 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Plus500 and TopFX both support forex trading as CFDs or spot, but their overall product ranges differ. Plus500 lists about 5,500 tradeable symbols versus 655 at TopFX, and offers 65 forex pairs compared to TopFX’s 60. If you want more markets to browse, Plus500 delivers far more choice across asset classes.
For exchange-traded stocks, Plus500 lets clients buy real shares on both U.S. and international exchanges, while TopFX does not offer real share dealing. TopFX counters with copy trading, which Plus500 does not support. Both brokers provide cryptocurrency trading via CFDs, not actual coins. Based on ForexBrokers.com, Plus500 earns 4.5/5 stars for Range of Investments and ranks 22nd of 63 brokers, while TopFX scores 3.5/5 stars and ranks 47th. In short, Plus500 suits investors seeking a wider lineup and access to actual shares, whereas TopFX may appeal if copy trading is important.
| Feature |
Plus500
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 655 |
| Forex Pairs (Total) | 65 | 60 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
Both Plus500 and TopFX offer free demo (paper) trading to practice risk-free. Plus500 provides its own proprietary platform and focuses on a clean, web-based experience; it does not offer a Windows desktop download, copy trading, MT4, or MT5. TopFX, by contrast, does not have an in-house platform but supports a Windows desktop platform and MetaTrader 4 (MT4), along with a web platform. TopFX also supports copy trading and lets you place trades directly from charts, while Plus500 does not. Neither broker offers MT5.
For Trading Platforms and Tools, Plus500 is rated 4.5 out of 5 stars and ranks #14 out of 63 brokers at ForexBrokers.com, while TopFX earns 4 out of 5 stars and ranks #46. Choose Plus500 if you want a streamlined, browser-based platform built by the broker with an easy demo to get started. Pick TopFX if you prefer MT4, a Windows desktop platform, copy trading, and the ability to trade right from charts.
| Feature |
Plus500
|
TopFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 115 | 30 |
| Charting - Trade From Chart | No | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Choosing between the Plus500 mobile app and the TopFX mobile app? Both are available on iPhone and Android and support price alerts for stocks and forex. Plus500 offers watchlist syncing between mobile and web, while TopFX does not. For charting, Plus500 provides 115 technical studies (indicators), compared with 30 on TopFX—useful if you depend on a wider toolkit for analysis.
Both apps let you draw trendlines, but they handle drawings differently: Plus500 does not auto-save chart drawings, whereas TopFX does. In ratings, Plus500 scores 4.5 out of 5 stars for Mobile Trading Apps and ranks 14th out of 63 brokers on ForexBrokers.com; TopFX scores 4 out of 5 stars and ranks 52nd out of 63.
| Feature |
Plus500
|
TopFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 115 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
In a Plus500 vs TopFX market research comparison, the two brokers emphasize different strengths. Plus500 provides daily market commentary, Trading Central tools, a sentiment indicator, and an economic calendar, but it lacks top-tier news feeds (Bloomberg/Reuters), Autochartist, TipRanks, and Acuity Trading. TopFX delivers top-tier forex news, Autochartist, Trading Central, a sentiment tool, and an economic calendar, though it does not offer daily commentary. Availability of TipRanks and Acuity Trading at TopFX is not specified.
If you want steady in-platform updates, Plus500’s daily commentary may appeal; if you value integrated third‑party news and pattern‑scanning tools, TopFX has the edge there. That said, independent ratings favor Plus500 for market research: Plus500 earns 4.0 stars and ranks 19th out of 63 brokers, while TopFX holds 3 stars and ranks 61st, according to ForexBrokers.com.
| Feature |
Plus500
|
TopFX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing Plus500 vs TopFX for beginner education, Plus500 comes out ahead. Plus500 offers a full forex and CFD education library with well over 10 pieces, including at least 10 beginner videos and 10 advanced videos, plus monthly client webinars. That mix makes it easier for new traders to learn step by step. In our ratings, Plus500 scores 4.0 out of 5 stars for Education and ranks #31 out of 63 brokers.
TopFX’s education is more limited. It does not meet the 10-piece threshold for forex or CFD education, does not host monthly educational webinars, and has fewer than 10 beginner and advanced videos. As a result, TopFX earns 3 stars for Education and ranks #62 out of 63. If you value structured lessons and regular webinars to get started, Plus500 is the stronger fit; TopFX may suit traders who only need light materials.
| Feature |
Plus500
|
TopFX
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
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 TopFX. Plus500 finished with an overall rank of #14, while TopFX finished with an overall rank of #62.
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
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TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 67 |
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In a head-to-head comparison, online brokers Plus500 and TopFX do not offer purchasing of actual (delivered) cryptocurrencies, but both support trading cryptocurrency CFDs.
Plus500 vs TopFX: Both online brokers do not support ACH/SEPA transfers; Plus500 offers PayPal, Skrill, and bank wire for deposits and withdrawals (Visa/Mastercard not specified), while TopFX’s availability for PayPal, Skrill, Visa/Mastercard, and bank wires is not specified.
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 | TopFX | |
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| Trust Score | 99 | 67 | |
| Winner | check_circle | ||
| Review | Plus500 Review | TopFX Review |
| Broker Screenshots | Plus500 | TopFX | |
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| Regulation | Plus500 | TopFX | |
|---|---|---|---|
| Trust Score | 99 | 67 | |
| Year Founded | 2008 | 2010 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | Plus500 | TopFX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Plus500 | TopFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Plus500 | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 655 | |
| Forex Pairs (Total) | 65 | 60 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | TopFX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.3 | 1.03 | |
| All-in Cost EUR/USD - Active | 1.3 | 0.88 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Plus500 | TopFX | |
|---|---|---|---|
| Minimum Deposit | €50 | Depends on payment method | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | Plus500 | TopFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | Yes |
| Trading Tools | Plus500 | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 115 | 30 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Plus500 | TopFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 115 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Plus500 | TopFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central | Yes | Yes | |
| TipRanks | No | ||
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Plus500 | TopFX | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Plus500 | TopFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Plus500 Review | TopFX Review |
| Overall | Plus500 | TopFX | |
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| Trust Score | 99 | 67 | |
| Winner | check_circle | ||
| Review | Plus500 Review | TopFX Review |
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