Compare forex brokers FXTM VS Plus500

If you're choosing between FXTM and Plus500 forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is FXTM better than Plus500? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

FXTM VS PLUS500

FXTM
FXTM Overview

FXTM is ECN/STP broker that was established in 2011 to offer Forex and CFDs and is highly regulated in the UK by the FCA among other regions. They offer the trading of over 250 assets through the MT4 and MT5 platforms.

Plus500
Plus500 Overview

Plus500 is an LSE listed online CFD brokerage firm that offers multiple trading instruments across commodities, currencies, cryptos, indices and shares on CFD’s, with multiple regulations and competitive charges.

# Broker's Features FXTM Availability PLUS500 Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare FXTM vs Plus500.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. FXTM offers Online Financial Trading and Investment Services Such as Bitcoin, Forex, CFDs, CFDs on Bitcoin, CFDS on Spot metals, Cryptocurrencies, while Plus500 offers Trade over 2000 CFDs instruments on Shares, Indices, Forex, Cryptos and Commodities.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. FXTM is Broker, ECN, while Plus500 is No dealing desk.

Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. FXTM recommended minimum capital is 10, while Plus500 has a Minimum Deposit Requirement of .

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. FXTM is regulated by CySEC, FCA, IFSC, while Plus500 regulated by FCA, CySEC, MAS, IE, ASIC, AFSL, FMA, FSP. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Account currencies: Next lets consider the Account currencies each broker offers. FXTM offers EUR, USD, GBP, NGN different account currencies for each account types, while Plus500 offers Most of the currencies are being supported account currencies.

Languages Available: Next lets have a look at each broker's different Language options. FXTM offers English, Russian, over 18 languages supported, while Plus500 offers platform is offered in 32 languages. Support is of Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. FXTM offers Credit Cards, Wire Transfer, PayPal, Bitcoin different payment methods for each account types, while Plus500 offers Credit Card, Skrill, PayPal, Wire Transfer payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, FXTM makes MetaTrader 4, MetaTrader 5, MetaTrader 4 MultiTerminal, Web available to clients, while Plus500 offers Plus500 in-house platform.

The Verdict: FXTM or Plus500?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, FXTM is more reliable based on our criteria above. FXTM has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. Only FXTM Offers the MetaTrader Platform. MetaTrader platform is a comprehensive trading platform that is often touted as being the best for forex trading. A popular, versatile and unique tool. FXTM offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. FXTM offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. FXTM has a wider range of languages in which customer service is offered making the broker more accessible. One of the criteria we looked at before opening an account on a forex broker is the minimum deposit amount. FXTM broker offers lower minimum deposit requirement.

What We Really Like on FXTM

FXTM customer service gives fast and relevant answer. They can also be contacted in many languages. From a demo account to live webinars, you can use a lot of educational tools. The account opening is fast and fully digital.

What We Don’t Like on Plus500

Plus500 has limited product portfolio, provides only CFDs. It has high financing rates. Some standard research tools, like recommendations, fundamental data, or news feeds are missing from the Plus 500 platform.

What We’d Like More on FXTM

FXTM charges inactivity and withdrawal fees. The financing costs for overnight positions are not lowest and their calculation is non-transparent at all. The product portfolio is limited as it lacks asset classes, like ETFs, bonds, mutual funds, etc.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.