Plus500 vs FXCM Broker Comparison

Are you trying to figure out which is a better broker, Plus500 or FXCM? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that FXCM is the better of the two. FXCM offers 60+ instruments, licenses from FCA, CySec, FSCA, ASIC, and fair trading fees.

In the tables below, you can compare the features of Plus500 and FXCM 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 FXCM higher than Plus500.

Rating
90.8/100
96.5/100
Min. Deposit
100$
50 (depending on the payment method)$
Regulated By
FCAFCA
CySecCySec
FSCAFSCA
ASICASIC
FCAFCA
CySecCySec
FSCAFSCA
ASICASIC
Bonus
No Information
No Information
Min. Spread
0.7
1.3
Max. Leverage
1:30
1:400 (1:30 for AU, EU and UK clients)
Currency Pairs
71
39
Trading Instruments
2,000+
60+
Trading Platforms
mobile, Private
MT4, mobile, Private
Deposit Methods
Bank transfer, Visa, MasterCard, PayPal, Trustly
Bank transfer, Visa, Mastercard, Skrill, Netseller
Type of Brokers
Market Maker
Enhanced Execution
Customer Support
24/5
24/7
Language Support
30
8
Established
2008, HQ in Israel
1999
Used By
100,000+ Traders
100,000+ Traders

Does Plus500 or FXCM 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 Plus500 and FXCM are, we first considered the common fees on Standard Accounts. At Plus500 the average spread for the EUR/USD currency pair is 0.7 pips, whilst at FXCM the spread is 1.3.

This shows that Plus500 is the better option for low-cost forex trading.

When it comes to non-trading fees, Plus500 charges for inactivity. FXCM charges for inactivity, withdrawal. With this in mind, Plus500 has lower non-trading fees.

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

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, Plus500 or FXCM?

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.

Plus500 is regulated by FCA, CySec, FSCA, ASIC and offers client protection. FXCM 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 FXCM is the safer broker.

Broker summary

How many trading instruments are available at Plus500 and FXCM?

Plus500 provides traders with 2,000+ instruments. This includes 71 currency pairs, 13 (availability subject to regulations) cryptocurrencies, and 1000 stocks and shares. With Plus500, you can also trade CFDs.

In comparison, FXCM boasts 60+ tradable instruments. FXCM offers 39 currency pairs, 7 cryptocurrencies, and 100+ stocks and shares. FXCM also allows CFD trading.

As both brokers offer the same total number of instruments, both are great choice if you are wishing to diversify your trading portfolio.

Markets and Products

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

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.

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

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

Research Tools

Which is better for beginners, Plus500 or FXCM?

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 FXCM is the better broker for beginner traders as it offers a larger range of educational tools and materials. FXCM also has a minimum deposit of $.

Educational Features

Which broker is better overall?

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

Plus500 vs FXCM
Plus500
90.8
Points
FXCM
96.5
Points
Overall
6 points
Plus500
95
Points
FXCM
96
Points
Commissions & Fees
1 points
Plus500
96
Points
FXCM
97
Points
Licensing & Safety
1 points
Plus500
88
Points
FXCM
99
Points
Trading Platforms & Tools
11 points
Plus500
90
Points
FXCM
94
Points
Payments
4 points
Plus500
89
Points
FXCM
95
Points
Customer Service
6 points
Plus500
87
Points
FXCM
98
Points
Educational
11 points
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