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Plus500 vs TopFX 2021

Is Plus500 better than TopFX? In our analysis of 23 international regulators across 39 brokers, Plus500 is considered low-risk, with an overall trust score of 99 out of 99. TopFX is considered high-risk, with an overall Trust Score of 67 out of 99. Learn more about Trust Score.


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 TopFX
Overall 4.5 3.5
Commissions & Fees 4.5 3.5
Offering of Investments 4 3.5
Platforms & Tools 4 3.5
Mobile Trading Apps 4.5 3.5
Research 3.5 3
Education 3 3
Trust Score 99 67
Plus500 Review TopFX Review
77% of retail CFD accounts lose money
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Regulation

Feature Plus500 TopFX
Trust Score 99 67
Year Founded
2008 2010
Publicly Traded (Listed)
Yes No
Bank
No No
Tier-1 Licenses
5 0
Tier-2 Licenses
3 1
Tier-3 Licenses
0 0
Authorised in the European Union
Yes No

Tier-1 Licenses (High Trust)

Feature Plus500 TopFX
ASIC Authorised (Australia)
Yes No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
CBI Authorised (Ireland)
No No
FSA Authorised (Japan)
Yes No
MAS Authorised (Singapore)
Yes No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes No
CFTC Registered (USA)
No No
FMA Authorised (New Zealand)
Yes No

Tier-2 Licenses (Average Trust)

Feature Plus500 TopFX
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
Yes Yes
SEBI Authorised (India)
No No
ISA Authorised (Israel)
Yes No
CBR Authorised (Russia)
No No
FSCA Authorised (South Africa)
Yes No
SEC Authorised (Thailand)
No No
DFSA / Central Bank Authorised (UAE)
No No

Tier-3 Licenses (Low Trust)

Feature Plus500 TopFX
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
Cayman Islands Monetary Authority (CIMA)
No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands)
No No
FSC Authorised (Mauritius)
No No
VFSC Authorised (Vanuatu)
No No

Investments

Feature Plus500 TopFX
Forex Trading
Yes Yes
CFD Trading
Yes Yes
Tradeable Symbols (Total)
1896 655
Forex Pairs (Total)
71 60
US Stock Trading (Non CFD)
Yes No
Int'l Stock Trading (Non CFD)
Yes No
Social Trading / Copy-Trading
No Yes
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
Yes Yes
Crypto Disclaimer (UK) 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). 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

Feature Plus500 TopFX
Average Spread EUR/USD - Standard
0.6 (as of Aug 2018) n/a
All-in Cost EUR/USD - Active
N/A n/a
Active Trader or VIP Discounts
No No
Execution: Agency Broker
Yes No
Execution: Market Maker
Yes Yes

Funding

Feature Plus500 TopFX
Minimum Deposit
€100 Depends on payment method
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 TopFX
Proprietary Platform
Yes No
Desktop Platform (Windows)
No Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
No Yes
MetaTrader 4 (MT4)
No Yes
MetaTrader 5 (MT5)
No No
cTrader
No Yes
DupliTrade
No No
ZuluTrade
No No

Trading Tools

Feature Plus500 TopFX
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
9 7
Charting - Indicators / Studies (Total)
110 30
Charting - Drawing Tools (Total)
21 15
Charting - Trade From Chart
No Yes
Charting - Drawings Autosave
No No

Mobile Trading

Feature Plus500 TopFX
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes No
Charting - Indicators / Studies
110 30
Charting - Draw Trendlines
Yes Yes
Charting - Trendlines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No Yes
Forex Calendar
Yes Yes

Research

Feature Plus500 TopFX
Daily Market Commentary
Yes No
Forex News (Top-Tier Sources)
No Yes
Autochartist
No Yes
Trading Central (Recognia)
No Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes

Education

Feature Plus500 TopFX
Has Education - Forex or CFDs
No No
Client Webinars
No No
Client Webinars (Archived)
No No
Videos - Beginner Trading Videos
Yes No
Videos - Advanced Trading Videos
No No
Investor Dictionary (Glossary)
No No

Major Forex Pairs

Feature Plus500 TopFX
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 TopFX
Overall 4.5 3.5
Commissions & Fees 4.5 3.5
Offering of Investments 4 3.5
Platforms & Tools 4 3.5
Mobile Trading Apps 4.5 3.5
Research 3.5 3
Education 3 3
Trust Score 99 67
Plus500 Review TopFX Review

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Plus500 vs TopFX.

Does Plus500 or TopFX offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Plus500 offers better pricing overall for traders.

Is Plus500 or TopFX safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Plus500 holds 5 global Tier-1 licenses, while TopFX holds 0. Plus500 holds 3 global Tier-2 licenses, while TopFX holds 1. In our analysis of 23 international regulators across 50 brokers, Plus500 earned a higher Trust Score than TopFX.

Which trading platform is better: Plus500 or TopFX?
To compare the trading platforms of both Plus500 and TopFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Plus500 offers a better experience. With research, Plus500 offers superior market research. Finally, we found Plus500 to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. While TopFX offers copy trading, Plus500 does not. TopFX offers MetaTrader 4 (MT4), while Plus500 does not.

How many forex pairs and CFDs are available to trade?
Plus500 provides traders 71 currency pairs (e.g., EUR/USD) compared to TopFX's 60 available pairs. Forex pairs aside, Plus500 offers traders access to 1896 CFDs while TopFX has 655 available CFDs, a difference of 1,241.

Can I trust Plus500?
Plus500 is publicly traded and does not operate a bank. Plus500 is authorised by five tier-1 regulators (high trust), three tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Plus500 is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA), Australian Securities & Investment Commission (ASIC), and the Monetary Authority of Singapore (MAS).

Can I trust TopFX?
TopFX is not publicly traded and does not operate a bank. TopFX is authorised by zero tier-1 regulators (high trust) and one tier-2 regulator (average trust).

Is Plus500 good?
Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to share trading and a thorough selection of CFDs.

Is TopFX good?
TopFX offers the MetaTrader and cTrader platform suites, and grants access to a medium range of CFD markets and forex pairs. However, TopFX struggles to compete with the best brokers in several categories, including market research and education.

Overall winner: Plus500

Read Next: Best Forex Brokers 2022


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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 website as of 01/10/2022 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 "Contact" 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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