Plus500 vs FXCM 2024

Plus500 is publicly traded and does not operate a bank. Plus500 is authorised by six Tier-1 regulators (Highly Trusted), three Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). Plus500 is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA), Australian Securities & Investment Commission (ASIC), Japanese Financial Services Authority (JFSA), Financial Markets Authority (FMA), Monetary Authority of Singapore (MAS), and regulated in the European Union via the MiFID passporting system.

FXCM's parent company is publicly-traded, does not operate a bank, and is authorised by four Tier-1 regulators (Highly Trusted), two Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and zero Tier-4 regulators (High Risk). FXCM is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), Canadian Investment Regulatory Organization (CIRO), and regulated in the European Union via the MiFID passporting system.

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.

For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.

To open a trading account with Plus500, you'll need to make an initial minimum deposit of €100.

FXCM requires a minimum deposit of Starts from $50 before you can open an account and start trading.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Plus500 offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for banking, whereas FXCM provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw).

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that Plus500 offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that Plus500 holds 6 global Tier-1 licenses, while FXCM holds 4. Plus500 holds 3 global Tier-2 licenses, while FXCM holds 2.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that Plus500 (99) earned a higher Trust Score than FXCM (95).

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

Here’s what trading platforms are available at Plus500:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - No
• MT5 - No
• ZuluTrade - No
• TradingView - No

Here’s what trading platforms are available at FXCM:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - No
• ZuluTrade - Yes
• TradingView - Yes

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. FXCM offers MetaTrader 4 (MT4), while Plus500 does not. Forex traders also appreciate the ability to engage in social copy trading. While FXCM offers copy trading, Plus500 does not.

Plus500 provides traders 65 currency pairs (e.g., EUR/USD) compared to FXCM's 40 available pairs. If you are interested in trading CFDs, Plus500 offers traders access to 5500 CFDs, while FXCM offers access to 440 CFDs; so Plus500 offers 5060 more CFDs than FXCM.

We found in our testing that Plus500 offers a more diverse selection of investment options than FXCM, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Int'l Stock Trading (Non CFD) and Cryptocurrency (Derivative). Neither have Cryptocurrency (Physical).