Plus500 and Forex.com are leading Forex brokers, but which one should you trust your portfolio with?
I have conducted an in-depth review of Plus500 vs. Forex.com to determine which is the better overall choice and which traders will benefit most from either broker. You can read our detailed Plus500 review and our Forex.com review.
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- Plus500 vs Forex.com - Verdict
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Headquarters | Israel | United States |
Regulators | ASIC, CFTC, CySEC, DFSA, EFSA, FCA, FMA, FSA, FSCA, JFSA, MAS, NFA, SCA | ASIC, CFTC, CIMA, CIRO, CySEC, FCA, FSA, NFA |
Tier 1 Regulator(s)? | ||
Owned by Public Company? | ||
Year Established | 2008 | 2001 |
Execution Type(s) | Market Maker | Market Maker |
Minimum Deposit | $100 (only in UK, Poland, Germany, Bulgaria $50) | $100 |
Negative Balance Protection | ||
Trading Platform(s) | Proprietary platform, Web-based | MetaTrader 4, MetaTrader 5, Proprietary platform, Trading View |
Average Trading Cost EUR/USD | 1.1 pips | 1.1 pips |
Average Trading Cost GBP/USD | 1.4 pips | 1.3 pips |
Average Trading Cost WTI Crude Oil | - | $0.035 |
Average Trading Cost Gold | - | $0.63 |
Retail Loss Rate | 80.00% | 73.00% |
Minimum Raw Spreads | Not applicable | 0.0 pips |
Minimum Standard Spreads | Not applicable | 0.8 pips |
Minimum Commission for Forex | Commission-free | $5 per $100K |
Islamic Account | ||
Signals | ||
US Persons Accepted? | ||
Managed Accounts | ||
| Visit Website 80% of retail CFD accounts lose money | Visit Website |
Main advantages of Plus500:
- Quality education via the Plus500 Trading Academy
- A fee-based guaranteed stop-loss order
- 24/7 customer support
- Data-driven analytical tool +Insights
- Real-time email, SMS, and push notifications based on price alerts, percentage-based price changes, and sentiment changes
- Supportive of complex strategies using options
Main advantages of Forex.com:
- Ultra-low trading fees
- Six-tier volume-based rebate program with up to $50 per $1M traded
- Capitalise AI for code-free algorithmic trading
- 99.69% of trade execution in less than one second
- Average execution speed of 0.03 seconds
- 58.24% of limit orders with price improvement
- Average Forex price improvement of 0.73 pips or $7.30 per 1.0 standard lot
Features and Platforms
| | |
MT4 | ||
MT5 | ||
MT4/MT5 Add-Ons | ||
cTrader | ||
Proprietary Platform | ||
Automated Trading | ||
Social/Copy Trading | ||
DOM? | ||
Guaranteed Stop Loss | ||
Scalping | ||
Hedging | ||
One-Click Trading | ||
OCO Orders | ||
Interest on Margin | ||
| Visit Website 80% of retail CFD accounts lose money | Visit Website |
Available Markets
| | |
Currency Pairs | ||
Cryptocurrencies | N/A | |
Commodities | ||
Crude Oil | ||
Gold | ||
Metals | ||
Equity Indices | ||
Stocks (non-CFDs) | ||
Bonds | N/A | |
ETFs | ||
Options | N/A | |
Futures | ||
Synthetics | ||
| Visit Website 80% of retail CFD accounts lose money | Visit Website |
Plus500 and Forex.com offer in-depth diversification through well-balanced asset selection, with Forex.com offering more trading instruments, excellent price improvement technology, and faster order execution.
Here is why Plus500 is a better choice for most traders:
- Greater diversification for multi-asset portfolios through broader market availability
- Active guidance to use stop-loss, take-profit, and trailing-stop orders
Typical Spreads and Fees
| | |
Average Trading Cost EUR/USD | 1.1 pips | 1.1 pips |
Average Trading Cost GBP/USD | 1.4 pips | 1.3 pips |
Average Trading Cost WTI Crude Oil | - | $0.035 |
Average Trading Cost Gold | - | $0.63 |
Average Trading Cost Bitcoin | - | $60 |
Minimum Raw Spreads | Not applicable | 0.0 pips |
Minimum Standard Spreads | Not applicable | 0.8 pips |
Minimum Commission for Forex | Commission-free | $5 per $100K |
Deposit Fee | ||
Withdrawal Fee | ||
Inactivity Fee | $10 monthly after 3 months | $15 monthly after 12 months |
| Visit Website 80% of retail CFD accounts lose money | Visit Website |
Plus500 offers traders competitive, commission-free trading accounts, while Forex.com offers both commission-based and commission-free options. Which broker is cheaper?
While minimum commission-free spreads are identical, average spreads are slightly cheaper at Plus500. Qualifying high-volume Forex traders may achieve lower costs at Forex.com via rebates.
Account Types
Account Types | Plus500 | Forex.com |
Commission-free Accounts | Yes | Yes |
Commission-based Accounts | No | Yes |
Demo Accounts | Yes | Yes |
Islamic Accounts | No | No |
Social / Copy Trading | No | Yes |
Managed Accounts | No | No |
The core account structure at Plus500 and Forex.com is similar, including free demo accounts.
Are there any other noteworthy differences in the account structure between Plus500 vs. Forex.com?
Here is what stands out the most:
- Plus500 opens accounts in minutes, with 85% passing KYC without additional documents
- Demo accounts do not expire at Plus500
- Forex.com supports algorithmic and copy trading
- Forex.com includes commission-based trading accounts with volume-based rebates
Minimum Deposit
Deposit Snapshot | Plus500 | Forex.com |
Minimum Deposit | $100 | $100 |
Deposit Fees | Third-Party | Third-Party |
E-wallets | Yes | Yes |
Cryptocurrencies | No | No |
Localized Methods | No | No |
Total Deposit Methods | 5 | 4 |
Supported Deposit Currencies | USD, EUR, GBP (16 total) | USD, EUR, GBP |
How difficult is it to deposit at Plus500 vs. Forex.com?
Plus500 and Forex.com have the same minimum deposit and offer mostly identical payment processors: bank wires, credit/debit cards, and e-wallets. The difference in e-wallets is that Plus500 supports Google Pay and Apple Pay, while Forex.com offers Skrill and Neteller. Cryptocurrency deposits are unavailable, but the overall deposit process is similar.
Minimum Withdrawal
Withdrawal Snapshot | Plus500 | Forex.com |
Minimum Withdrawal | $50 to $100 (payment processor dependent) | $100 |
Internal Withdrawal Fees | $10, but only on withdrawals below the minimum | $0 (third-party processing fees may apply) |
Internal Processing Times | Instant to three business days | 24 hours to 48 hours |
Which withdrawal process is better: Plus500 or Forex.com?
While both Forex brokers offer a trustworthy withdrawal infrastructure, Plus500 takes the lead with faster withdrawal processing and no-fee withdrawals. Plus500 does not levy internal withdrawal fees, whereas Forex.com levies internal fees for wire transfers. Still, traders should avoid microtransactions, as third-party payment processing fees may apply.
Security and Trust
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Country of the Regulator | United Arab Emirates, Australia, Cyprus, Estonia, Israel, Japan, New Zealand, Seychelles, Singapore, United Kingdom, South Africa | Australia, Canada, Cyprus, Japan, Cayman Islands, Singapore, United Kingdom, United States |
Name of the Regulator | ASIC, CFTC, CySEC, DFSA, EFSA, FCA, FMA, FSA, FSCA, JFSA, MAS, NFA, SCA | ASIC, CFTC, CIMA, CIRO, CySEC, FCA, FSA, NFA |
Regulatory License Number | 250/14, 509909, 417727, 486026, 47546, SD039, 4.1-1/18, CMS100648, 20200000232, F005651, 0001398, 156, SIA-F250 | 0339826,291, Undisclosed, 446717, 400/21, 25033, 345646, Undisclosed |
Regulatory Tier | 2 | N/A |
| Visit Website 80% of retail CFD accounts lose money | Visit Website |
Which broker is more secure and trustworthy?
Both brokers segregate client deposits from corporate funds, and all traders receive negative-balance protection, ensuring they cannot lose more than their deposit. Plus500 is a publicly listed company in the UK and a constituent of the FTSE 250, while Forex.com is part of StoneX Group, a publicly listed company in the US. Overall, both brokers rank similarly in terms of trust and security.
Plus500 Futures versus Forex.com - Verdict
Plus500
Pros | Cons |
Competitive asset selection of 2,800+ focused on equity and ETF CFDs | No support for algorithmic trading and the absence of MT4 |
Guaranteed stop-loss orders and negative balance protection | |
Quality education for beginners | |
Lightweight webtrader ideal for beginner traders |
Forex.com
Pros | Cons |
80+ currency pairs and overall quality asset selection | Limited funding options |
High-quality proprietary web-based and desktop trading platform plus MT4/MT5 | |
Competitive trading costs for active traders | |
Research, education, and quality trading tools |
Which Forex broker is better?
Plus500 and Forex.com are high-quality Forex brokers, and I recommend that traders test each of them in the Plus500 demo account and the Forex.com demo account respectively.
My Verdict:
Forex.com is a good choice for algorithmic, high-volume traders due to raw spread trading and rebates. Still, I rank Plus500 as the overall superior choice, as it offers a user-friendly Forex platform suitable for most retail traders.
Read full Plus 500 review Read full Forex.com review Forex.com is a good choice for algorithmic, high-volume traders. Overall, I rate Plus500 as the better option for most retail traders due to its user-friendly platform Plus500 offers commission-free trading, and the spread reflects all applicable costs. Forex.com is decent for beginners, but it trails Plus500 in this category. While both brokers maintain competitive trading fees, Forex.com has lower costs for active traders.FAQs
Which is better, Plus500 or Forex.com
How much commission does Plus500 take?
Is Forex.com good for beginners
Does Plus500 or Forex.com have lower costs?
