FXTM vs Plus500 Comparison
Compare trading conditions, commissions and platforms of Forex brokers FXTM and Plus500. Find out which broker is best for you.
- Rating
- Rank
- #41
75% of retail investors lose money when trading CFDs with this broker
- Rating
- Rank
- #3
81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - FXTM or Plus500?
Key differences between the brokers
Below, we show only the differences in trading conditions covered in our reviews. These may include the minimum deposit, available markets, platforms and account types. Compare these details with your requirements.
FXTM
- Minimum deposit · USD
- 10 USD
- Different platforms
- MetaTrader 4
- MetaTrader 5
- Different markets
- Cryptocurrency
Plus500
- Minimum deposit · USD
- 100 USD
- Different platforms
- WebTrader
- Different markets
- Soft Commodities
- ETF
Comparison Table of FXTM and Plus500
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| Broker | FXTM | Plus500 |
|---|---|---|
| Foundation Year | 2011 | 2008 |
| Regulated in Countries | Cyprus, United Kingdom, Mauritius, Kenya | Cyprus, United Kingdom, Australia, Seychelles, Estonia, Singapore, United States |
| Minimum Deposit |
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| Spread | from 0.1 points | from 0.6 points |
| Max Leverage | 1:2000 | 1:30 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review |
FXTM Review
FXTM stands out in the market due to its wide range of trading instruments, including many currency pairs, stocks, metals, and other products. It makes it attractive to traders looking to diversify their portfolios. Support for various devices' popular MT4 and MT5 platforms ensures trading flexibility and accessibility. In addition, FXTM offers competitive commission terms on the Advantage account, making it a favorable choice for active traders. The availability of educational materials such as e-books, videos, and webinars supports beginners and helps them develop their trading skills. With no deposit fees, the variety of deposit and withdrawal methods is convenient for clients worldwide.
FXTM is ideal for traders seeking various trading instruments and flexible platforms. It will be especially attractive for beginners due to its extensive training resources and for active traders interested in using an Advantage account to minimize commissions.
Pros and Cons of FXTM
Pros
- A wide range of trading assets.
- Low fee per transaction.
- Availability of popular trading platforms.
- Availability of educational materials.
- A variety of deposit and withdrawal methods.
Cons
- Issues with technical support.
- High spreads.
Plus500 Review
Plus500 is ideal for traders seeking a convenient and intuitive platform with a broad spectrum of trading instruments. It's particularly well-suited for those who value a diverse range of CFDs on stocks, indices, currencies, commodities, and ETFs. The built-in Insight+ analytics tool is a significant advantage for those keen on analyzing trends and activities based on real-time data.
Pros and Cons of Plus500
Pros
- Intuitive CFD trading platform.
- 24/7 support.
- Built-in analytics.
- Diversity of trading assets.
Cons
- Limited channels for communication with technical support.
- Limited choice of trading accounts.
Plus500 is in the top 10 of the following ratings:
Reliability
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| Broker | FXTM | Plus500 |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2011 | 2008 |
| Regulated in Countries | Cyprus, United Kingdom, Mauritius, Kenya | Cyprus, United Kingdom, Australia, Seychelles, Estonia, Singapore, United States |
| Regulators |
FXTM
Broker FXTM demonstrates high reliability due to strict regulation and additional protective measures.
Pros
- Regulation by authoritative bodies (CySEC, FCA).
- Membership in the Financial Commission.
- Presence of a Compensation Fund.
Plus500
Plus500 is registered and regulated in several jurisdictions by authoritative bodies. This means that the broker is required to adhere to strict financial standards and provide regular reports on its activities to regulators.
Account Opening
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| Broker | FXTM | Plus500 |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| Minimum Deposit |
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FXTM
Opening an account with FXTM is a simple and fast process.
Plus500
Opening an account with Plus500 is straightforward due to its fast registration and low minimum deposit. Beginners should use the demo account and Trading Academy to learn before real trading.
Account Types
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| Broker | FXTM | Plus500 |
|---|---|---|
| Account Types | 4.5/5 | 2/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.1 points | from 0.6 points |
| Max Leverage | 1:2000 | 1:30 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | Yes | Yes |
| Swap-free Account | Yes | No |
FXTM
FXTM offers a variety of accounts and services, meeting the needs of different traders.
Pros
- Wide selection of account types.
- Additional services such as VPS.
- Suitable for traders of different levels.
Cons
- Lack of fixed spread accounts.
Plus500
The lack of account diversity and market execution of orders at Plus500 significantly limits flexibility and opportunities for traders of various categories.
Commissions
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| Broker | FXTM | Plus500 |
|---|---|---|
| Commissions | 3/5 | 3.5/5 |
| Spread | from 0.1 points | from 0.6 points |
| Average Spread (EURUSD) | — | 1.2 |
| Commission | per $1M turnover$20.00 | No data |
FXTM
FXTM's commissions are average, with low per-trade commission but higher-than-average spreads.
Pros
- Low per-trade commission.
Cons
- High spreads.
- Inactivity fee for account.
Plus500
Plus500 offers clients market average trading commissions.
Pros
- No commission for deposit or withdrawal.
Cons
- Inactivity account fee.
Deposit and Withdrawal
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| Broker | FXTM | Plus500 |
|---|---|---|
| Rating | 4/5 | 5/5 |
| Account Funding Methods |
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FXTM
FXTM offers a variety of convenient methods for depositing and withdrawing funds, meeting the needs of traders.
Pros
- Numerous available methods.
- Instant fund crediting.
- Most operations without commission.
Cons
- May have withdrawal fees.
- Possible processing time restrictions.
Plus500
Plus500 offers convenient and diverse methods for depositing and withdrawing funds, but processing requests may take up to 3 business days.
Pros
- Wide selection of payment systems.
- No commission for depositing and withdrawing.
Markets and Products
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| Broker | FXTM | Plus500 |
|---|---|---|
| Markets and Products | 4.6/5 | 5/5 |
| Forex | 48 | 65 |
| Precious Metals | 3 | 5 |
| Energy Carriers | 3 | 7 |
| Indices | 13 | 36 |
| Stocks | 640 | 1550 |
| Cryptocurrency | 11 | - |
| Soft Commodities | - | 10 |
| ETF | - | 96 |
FXTM
FXTM offers a variety of markets.
Pros
- Ability to invest in US stocks.
- Large number of CFDs for trading.
Cons
- No soft commodities.
Plus500
Plus500 offers a deep diversity of products and markets, including CFDs on currencies, indices, commodities, stocks, and ETFs from various countries worldwide.
Trading Platforms
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| Broker | FXTM | Plus500 |
|---|---|---|
| Rating | 4/5 | 4.2/5 |
| Trading Platforms |
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FXTM
The broker offers reliable and proven MT4 and MT5 platforms, ensuring flexibility in trading.
Pros
- Availability on various devices (Windows, Android, iOS).
- Support for automated trading.
- Ability to choose between MT4 and MT5.
Cons
- Lack of a proprietary unique platform.
- Web version only available for MT4.
Plus500
Plus500 offers an efficient, user-friendly platform, however, there is no choice between platforms.
Pros
- Proprietary platform
- Available on mobile devices.
Cons
- No choice between platforms.
Analytics
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| Broker | FXTM | Plus500 |
|---|---|---|
| Rating | 4/5 | 5/5 |
FXTM
The broker offers a strong analytical section.
Pros
- Daily automated trading signals.
- Economic calendar in the personal account.
- A variety of tools for analysis.
Cons
- Outdated video reviews.
- Lack of regular analytical updates from experts.
Plus500
Plus500 offers good analytical tools and useful services.
Pros
- Insights+
- ESG scoring
- Convenient risk management tools
Education
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| Broker | FXTM | Plus500 |
|---|---|---|
| Rating | 3.5/5 | 5/5 |
FXTM
The broker's educational materials are of average quality with diverse content.
Pros
- Diversity of materials (videos, books).
- Useful for traders of different levels.
Cons
- Outdated webinars.
- Irrelevance of some materials.
Plus500
Plus500 offers its users quality training through webinars, interactive materials and e-books. This allows traders to gain comprehensive knowledge for a successful start and effective trading.
Pros
- Quality and detailed video lessons
- Free webinars from independent experts
- Interactive guides and e-books
Customer Support
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| Broker | FXTM | Plus500 |
|---|---|---|
| Rating | 3.5/5 | 3.7/5 |
| Email Support | ||
| Hotline Phones | — | |
| Social Media |
FXTM
FXTM's customer support offers various channels of communication, but reviews about it are mixed.
Pros
- Variety of communication channels.
- There are positive customer reviews.
Cons
- Delays in responses.
- There are ambiguous customer reviews.
Plus500
The Plus500 customer support is limited and not ideal, although it provides support in multiple languages 24/7.
Pros
- Support in many languages.
- Operates around the clock.
Cons
- Lack of direct communication channels (e.g., telephone).
- Potential delays in responses due to limited communication channels.
Comparisons of FXTM and Plus500 with other brokers
Conclusion
When choosing between Plus500 and FXTM, match their platforms, markets, account types and funding terms to your needs.
Before opening an account, verify fees, regulation, support and service availability for your country in the sections above.
FAQ
Which broker is better: FXTM or Plus500?
Plus500 ranks higher than FXTM in our editorial ranking. That does not make it a universal choice: compare fees, markets, platforms, account types and support.
Which broker is better for beginners: FXTM or Plus500?
Beginners should compare availability in their country, account types, minimum deposit, trading platforms and customer support.
Who has lower typical trading costs (spreads/commissions) — FXTM or Plus500?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with FXTM and Plus500?
FXTM: MetaTrader 4, MetaTrader 5. Plus500: WebTrader. See the “Platforms” section for details and selection tips.
What markets can you trade with FXTM and Plus500?
FXTM: Forex, Precious Metals, Energy Carriers, Indices, Stocks, Cryptocurrency. Plus500: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF. Full lists and differences are in the “Markets” section.
What account types are offered by FXTM and Plus500?
FXTM: Micro, Advantage, Advantage Plus. Plus500: Plus500. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by FXTM and Plus500?
FXTM: Skrill, FasaPay, WebMoney, YooMoney, Qiwi, PayRedeem, Visa, Mastercard, Maestro, Альфа Банк, Dotpay. Plus500: PayPal, Skrill, Bank Transfer, Visa, Mastercard. Check method-specific fees/settlement times.
Which broker is safer — FXTM or Plus500 — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
