Plus500 vs FXCM
Plus500 or FXCM – which is better for UK traders 2024? Compare Plus500 and FXCM in this detailed breakdown of their platforms, features and fees.
Plus500 | FXCM |
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Plus500 is ranked #23 among CFD brokers. | FXCM is ranked #44 among CFD brokers. |
Established in 2008 and headquartered in Israel, Plus500 is a prominent brokerage that boasts over 25 million registered traders in over 50 countries. Specializing in CFD trading, the company offers an intuitive, proprietary platform and mobile app. It maintains competitive spreads and does not charge commissions or deposit or withdrawal fees. Plus500 also continues to shine as one of the most trusted brokers with licenses from reputable regulators, including the FCA, ASIC and CySEC. | FXCM is a respected forex and CFD broker, established since 1999. The British-headquartered broker has won multiple awards and operates in various jurisdictions, including the UK and Australia. With zero commissions, over 400 assets, and a range of analysis tools, FXCM remains a popular choice for traders. The broker is also regulated by top-tier authorities including the FCA and ASIC. |
80% of retail CFD accounts lose money. | |
Pros | |
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Cons | |
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Awards | |
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FCA Regulated | |
Yes | Yes |
Instruments | |
CFDs on Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto | CFDs, Forex, Stocks, Commodities |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$100 | $50 |
Payment Methods | |
Minimum Trade | |
0.01 Lots | Variable |
Regulator | |
FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA | FCA, CySEC, ASIC |
Mobile Apps | |
iOS, Android & Windows | iOS and Android |
Trading App | |
Plus500 have developed their mobile apps to match the WebTrader online platform . Secure and reliable, the app is among the best out there. Stop loss and limits are available, free alerts and a full range of markets and instruments are available. Visit the download page here. |
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iOS App Rating | |
Android App Rating | |
Margin Trading | |
Yes | Yes |
MetaTrader 4 | |
No | Yes |
MetaTrader 5 | |
No | No |
cTrader | |
No | No |
AlgoTrader | |
No | No |
OmniTrader | |
No | No |
TradingView | |
No | Yes |
Autochartist | |
No | No |
eSignal | |
No | Yes |
Trading Central | |
No | No |
STP Account | |
No | No |
ECN Account | |
No | No |
DMA Account | |
No | No |
MAM Account | |
No | Yes |
PAMM Account | |
No | No |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
Yes | Yes |
Market Maker | |
Yes | Yes |
P2P Trading | |
No | No |
Spot Trading | |
No | No |
Auto Trading | |
No | |
Copy Trading | |
No | Yes |
Copy Trading Platform | |
FXCM offers social and copy trading on forex, CFDs and cryptos through the hugely popular ZuluTrade platform. The sign-up process is quick and you can track your performance in real-time. | |
Social Trading | |
No | Yes |
VPS Hosting | |
No | No |
Tournaments | |
No | No |
Demo Competitions | |
No | Yes |
Ethical Investing | |
Yes | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
Yes | No |
Inactivity Fee | |
$10 | |
Islamic Account | |
Yes | No |
Account Currencies | |
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Commodities | |
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CFD | |
Plus500 presents commission-free CFDs encompassing a vast array of markets, spanning currencies, stocks, indices, and commodities. You can engage in long or short positions on popular assets, benefiting from adaptable leverage without encountering any concealed fees. | You can trade a range of CFD instruments across forex, shares, indices and commodities. There’s an excellent selection of platforms for traders, including TradingView and MT4, plus additional tools for experienced algo traders including API solutions. |
Leverage | |
1:30 | 1:30 |
FTSE Spread | |
1.2 | 1.18 pts var* |
GBPUSD Spread< | |
1.1 | 0.5 pips* |
Oil Spread | |
0.04 | 0.05 (var)* |
Stocks Spread | |
0.08 | 0.2% Var* |
Forex | |
Plus500 provides forex trading through CFDs, featuring narrow spreads across an impressive selection of over 60 currency pairs. During testing, spreads came in as tight as 0.6 pips on the EUR/USD, which is notably lower than many alternatives. | FXCM offers an average range of 40+ currency pairs, although there are no commissions and spreads are competitive from 0.78 pips for EUR/USD. The broker also offers 3 forex baskets covering USD, Yen and emerging markets benchmarks. |
Assets | |
60+ | 40 |
GBPUSD Spread | |
1.1 | 0.5 pips var* |
EURUSD Spread | |
0.6 | 0.2 pips var* |
EURGBP Spread | |
1.4 | 0.5 pips var* |
Currency Indices | |
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Plus500 | FXCM |
80% of retail CFD accounts lose money. | |
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