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Plus500 vs FXCM 2022

BrokerNotes.co

Written by BrokerNotes.co

November 08, 2022

Trying to decide between Plus500 and FXCM? Weโ€™ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, Plus500 ranks more highly than FXCM.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall RatingPlus500FXCMFOREX.com
Overall Rating8.2 / 108.3 / 108.7 / 10
Account TypePlus500FXCMFOREX.com
Standard Trade Size (100,000 units)YesYesYes
Mini Trade Size (10,000 units)YesYesYes
Micro Trade Size (1,000 units)YesYesYes
Islamic AccountNoNoYes
Copy TradingPlus500FXCMFOREX.com
Social Trading / Copy TradingNoYesNo
DupliTradeNoNoNo
ZuluTradeNoYesNo
CryptocurrencyPlus500FXCMFOREX.com
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
BitcoinYesYesYes
ethereumYesYesYes
Forex Trading (Spot or CFDs)Plus500FXCMFOREX.com
Forex Trading (Spot or CFDs)YesYesYes
Mobile Trading - Forex or CFDsYesYesYes
Indices (Index CFDs)Plus500FXCMFOREX.com
DAXYesYesYes
Dow JonesYesYesYes
FTSEYesYesYes
NASDAQ 100YesYesYes
NikkeiYesYesYes
SP 500YesYesYes
InvestmentsPlus500FXCMFOREX.com
Forex Trading (Spot or CFDs)YesYesYes
Spread BettingNoYesNo
Social Trading / Copy TradingNoYesNo
MetalsYesYesYes
EnergiesYesYesYes
AgriculturalsNoNoYes
ETFYesNoYes
U.S. Stocks (CFD)YesYesYes
Trading PlatformsPlus500FXCMFOREX.com
Apple iOS AppYesYesYes
Android AppYesYesYes
Proprietary PlatformYesYesYes
Desktop Platform (Windows)NoYesYes
Web PlatformYesYesYes
MetaTrader 4 (MT4)NoYesYes
MetaTrader 5 (MT5)NoNoYes
Regulatory LicensesPlus500FXCMFOREX.com
Tier-1 Licenses434
ASIC Authorised (Australia)YesYesNo
IIROC Authorised (Canada)NoYesYes
FCA Authorised (U.K.)YesYesYes
SFC Authorised (Hong Kong)NoNoNo
MAS Authorised (Singapore)YesNoNo
FINMA Authorised (Switzerland)NoNoNo
CFTC Registered (USA)NoNoYes
Tier-2 Licenses332
Tier-3 Licenses001
Research, EducationPlus500FXCMFOREX.com
Trading Central (Recognia)NoYesYes
Forex News (Top-Tier Sources)NoYesYes
Daily Market CommentaryYesYesYes
AutochartistNoYesNo
Investor Dictionary (Glossary)NoYesYes
Videos - Beginner Trading VideosYesYesYes
Client Webinars (Archived)NoYesNo
Trading CostsPlus500FXCMFOREX.com
Minimum Initial Depositโ‚ฌ100Starts from $50$100
Average Spread EUR/USD - Standard0.6 (as of Aug 2018)1.38 (Q2 2022)1.0 (July 2022)
All-in Cost EUR/USD - ActiveN/A1.38 (Q2 2022)1.0 (July 2022)
Active Trader or VIP DiscountsNoYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Visa/Mastercard (Credit/Debit)YesYesYes
PayPal (Deposit/Withdraw)YesNoYes
Trading ToolsPlus500FXCMFOREX.com
Watchlists - Total Fields91220
Mobile WatchlistYesYesYes
Charting - Indicators / Studies (Total)11057203
Mobile Charting - Indicators / Studies1105988
Trust FactorsPlus500FXCMFOREX.com
Year Founded200819991999
Publicly Traded (Listed)YesYesYes
BankNoNoNo
Authorised in European UnionYesYesYes
Trust Score989699
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Plus500 vs FXCM Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Plus500 vs FXCM.

Can I trust Plus500?

Plus500 has a trust score of 98, giving it a "Highly Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are โ€“ in most cases โ€“ operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a โ€œDo Not Trustโ€ rating.

Can I trust FXCM?

FXCM has a trust score of 96, giving it a "Highly Trusted" trust label.

Is Plus500 a good broker?

Plus500 is a highly-trusted broker offering a wide range of CFDs from within its user-friendly trading platforms. While its educational content and range of research trails category leaders, Plus500 is still a great choice for less demanding traders.

Is FXCM a good broker?

FXCM, a Jefferies Group company, is a long-standing brand that caters to global forex and CFD traders. It offers multiple trading platforms for alogrithmic trading and social copy-trading alongside it's flagship platform suite. The range of markets available at FXCM has increased following the addition of its share trading feature, and its known for providing robust market research โ€“ though pricing at FXM is just average.

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. Plus500 is ASIC Authorised (Australia), FSA Authorised (Japan), MAS Authorised (Singapore), FMA Authorised (New Zealand) and FCA Authorised (U.K.), while FXCM is ASIC Authorised (Australia), IIROC Authorised (Canada) and FCA Authorised (U.K.)., neither have SFC Authorised (Hong Kong), CBI Authorised (Ireland), FINMA Authorised (Switzerland) and CFTC Registered (USA)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, both Plus500 and FXCM are CySEC Authorised (Cyprus), ISA Authorised (Israel) and FSCA Authorised (South Africa)., neither have CBRC Authorised (China), SEBI Authorised (India), CBR Authorised (Russia), SEC Authorised (Thailand) and DFSA / Central Bank Authorised (UAE). When comparing tier-3 licenses unfortunately, neither Plus500 nor FXCM are SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands), CIMA Authorised (Cayman Islands), FSC Authorised (Mauritius) and VFSC Authorised (Vanuatu)., neither have VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

For trading platforms Plus500 supports a Proprietary Platform, whereas FXCM supports a Proprietary Platform, Desktop Platform (Windows) and ZuluTrade., neither have cTrader and DupliTrade

Does Plus500 offer MetaTrader? Does FXCM offer MetaTrader?

For MetaTrader Plus500 provides neither of these, while FXCM provides MetaTrader 4 (MT4). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers., neither have MetaTrader 5 (MT5)

How do Plus500 and FXCM differ in terms of minimum deposit? What about average spreads and funding options?

Plus500 requires a minimum deposit of โ‚ฌ100, while FXCM requires a minimum deposit of Starts from $50. From our testing we found Plus500 offers spreads of 0.6 (as of Aug 2018), while FXCM offers spreads of 1.38 (Q2 2022). Plus500 supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for popular funding options, where FXCM supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw).

Which brokers offers more tradeable asset classes, Plus500 or FXCM?

Plus500 offers a more diverse selection of investment options than FXCM allowing you to trade Forex Trading (Spot or CFDs), Metals, Energies, ETF and U.S. Stocks (CFD)., neither have Agriculturals Looking at total tradeable symbols, Plus500 has 2800, compared to 441 from FXCM.

Can I trade cryptocurrency with Plus500 or FXCM?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative โ€” including spot forex contracts. In terms of trading physical cryptocurrency neither Plus500 nor FXCM allow you to trade physical cryptocurrencies.

Who offers more research tools, Plus500 or FXCM?

In terms of research and research tools Plus500 gives traders the following tools: Daily Market Commentary and Stock Charts. In comparison FXCM has the tools listed here: Autochartist, Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading.

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