ForexMart vs Plus500 Broker Comparison

Are you trying to figure out which is a better broker, ForexMart or Plus500? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that ForexMart is the better of the two. ForexMart offers 300+ instruments, licenses from FCA, CySec, and fair trading fees.

In the tables below, you can compare the features of ForexMart and Plus500 side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked ForexMart higher than Plus500.

Rating
95/100
90.8/100
Min. Deposit
1$
100$
Regulated By
FCAFCA
CySecCySec
FCAFCA
CySecCySec
FSCAFSCA
ASICASIC
Bonus
30%
No Information
Min. Spread
0.7
Max. Leverage
500:1
1:30
Currency Pairs
100
71
Trading Instruments
300+
2,000+
Trading Platforms
MT4, mobile, WebTrader
mobile, Private
Deposit Methods
Bank transfer, Visa, Mastercard, Maestro,
Bank transfer, Visa, MasterCard, PayPal, Trustly
Type of Brokers
ECN Broker
Market Maker
Customer Support
25/7
24/5
Language Support
16
30
Established
-
2008, HQ in Israel
Used By
100,000+ Traders

Does ForexMart or Plus500 have lower trading costs and fees?

To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.

To give an overall view of how cheap or expensive ForexMart and Plus500 are, we first considered the common fees on Standard Accounts. At ForexMart the average spread for the EUR/USD currency pair is pips, whilst at Plus500 the spread is 0.7.

This shows that ForexMart is the better option for low-cost forex trading.

When it comes to non-trading fees, ForexMart charges for withdrawal. Plus500 charges for inactivity. With this in mind, both brokers offer similar non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that is the better option.

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, ForexMart or Plus500?

In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.

ForexMart is regulated by FCA, CySec and offers client protection. Plus500 is regulated by FCA, CySec, FSCA, ASIC and offers client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that Plus500 is the safer broker.

Broker summary

How many trading instruments are available at ForexMart and Plus500?

ForexMart provides traders with 300+ instruments. This includes 100 currency pairs, 1 cryptocurrencies, and 1 stocks and shares. With ForexMart, you cannot trade CFDs.

In comparison, Plus500 boasts 2,000+ tradable instruments. Plus500 offers 71 currency pairs, 13 (availability subject to regulations) cryptocurrencies, and 1000 stocks and shares. Plus500 also allows CFD trading.

As Plus500 has 2,000+ and ForexMart has 300+, a difference of 298, this shows that Plus500 offers more opportunities to diversify your trading portfolio.

Markets and Products

Which broker offers the best trading platform, ForexMart or Plus500?

When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.

ForexMart provides you with the ability to trade via 3 trading platforms, and Plus500 has 2 trading platforms. Both brokers also offer research and trading tools, however Plus500 has more.

Overall, our experts agree that ForexMart boasts the better trading platform offering.

Research Tools

Which is better for beginners, ForexMart or Plus500?

To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.

Considering this, our reviews show that ForexMart is the better broker for beginner traders as it offers a larger range of educational tools and materials. ForexMart also has a minimum deposit of $.

Educational Features

Which broker is better overall?

Overall, our tested reviewing methodology proves that ForexMart is the better broker in a range of key areas. You can learn more by reading our ForexMart and Plus500 reviews.

ForexMart vs Plus500
ForexMart
95
Points
Plus500
90.8
Points
Overall
5 points
ForexMart
95
Points
Plus500
95
Points
Commissions & Fees
ForexMart
95
Points
Plus500
96
Points
Licensing & Safety
1 points
ForexMart
95
Points
Plus500
88
Points
Trading Platforms & Tools
7 points
ForexMart
95
Points
Plus500
90
Points
Payments
5 points
ForexMart
95
Points
Plus500
89
Points
Customer Service
6 points
ForexMart
95
Points
Plus500
87
Points
Educational
8 points
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