Forex.com
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Majority of retail CFD accounts lose money.

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Plus500
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72% of retail CFD accounts lose money

Forex.com Vs. Plus500 - Compare and Choose the Right One

Updated Dec 20 2021

Visit

Majority of retail CFD accounts lose money.

Visit

72% of retail CFD accounts lose money

Overview

Forex.com is a global broker headquartered in the U.S and part of StoneX (publicly traded company on NASDAQ) that specialises in offering CFDs based on commodities, currencies, indices, stocks, ETFs, shares, bonds and cryptocurrencies.

Plus500 is an international broker specialised in CFD trading with a big range of assets including CFDs based on American options

Best For
  • Traders of all levels (beginner to advanced) looking for competitive pricing
  • Trades of all levels looking for a great platform variety
  • High volume traders looking for ECN or DMA accounts offering deep liquidity for large trades
  • Intermediate traders looking to trade short term
  • Experienced traders looking to speculate using CFDs based on options
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The Good
  • Great platform offering (Proprietary, TradingView, MetaTrader 4 & 5)
  • Excellent asset offering (more than 5,000+ instruments)
  • Competitive spreads in some of their assets
  • CFDs on american options offered
  • Low minimum trade sizes
  • Propietary platform with multi-charting tools
The Bad
  • Despite presenting a great customisable platform, it still feels messy and not intuitive to use
  • Commissions are expensive when compared to similar competitors 
  • No ability to remove leverage
  • All instruments are CFDs, you can't buy underlying assets (real stocks or cryptocurrencies)
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 Day 1 day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

🏛 Financial Regulators
  • FINRA (United States)
  • FCA (UK)
  • FFAJ (Japan)
  • IIROC (Canada)
  • CySec (Cyprus)
  • CIMA (Cayman Islands)
  • CySec (Cyprus)
  • FCA (UK)
  • ASIC (Australia)
  • MAS (Singapore)
📍 Year Founded
2001 2008
💳 Minimum Deposit
$100 $, €, £ - 100
💰 Payment Methods
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • Bank Transfer
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
  • Skrill
💵 Account Base Currencies
6 - GBP, USD, EUR, AUD, JPY, CHF. 16 - USD, GBP, EUR, CHF, AUD, JPY, PLN, HUF, CZK, CAD, TRY, SEK, NOK, SGD.
🗽 Available to U.S Citizens
Yes No
❌ Restricted Countries
None US, CA, CU, SY, IR.
📊 STP Account
Yes Yes
📊 DMA Account
Yes No
📊 ECN Account
Yes No
Assets
📚 Available Assets

CFDs on currencies, commodities, indices, bonds, shares and cryptocurrencies.

CFDs on stocks, ETFs, currencies, commodities, cryptocurrencies, indices and options.

📙 Stocks
4,500+ 2,000+
📘 Currency Pairs
93 70
📗 Commodities
35 25
📕 Indices
24 26
📔 ETFs
700+ 95
💸 Cryptocurrencies
5 14
📒 Bonds
14 N/A
📓 Options
N/A

Option CFDs (Calls and Puts) on: Alphabet, Facebook, Apple, Deutsche Bank, Snap, Twitter, Amazon, Microsoft, Netflix, Tesla and NIO along with major indices and EUR/USD.

📗 Futures
N/A N/A
📝 Notes:

All of Forex.com’s assets are CFDs.

All of Plus500's assets are CFDs.

Trading Experience
📈 Minimum Stock Trade Size
Varies per share (eg: 0.3 AMZN shares) Varies by Stock (Eg: 0.05 units of Tesla)
📉 Minimum ETFs Trade Size
Varies per ETF (eg: 5 contracts of XLK) Varies by ETF (Eg: 0.5 units of XLK)
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (eg: 0.01 BTC) Varies by Crypto (Eg: 0.001 BTC)
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) $1,000
📈 Minimum Commodities Trade Size
Varies per commodity (eg: 1 contract of Gold) Varies by Commoditty (Eg: 0.2 Troy ounces of Gold)
📉 Minimum Bonds Trade Size
Varies per Bond (eg: 1 contract of Euro Bobl) N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
N/A Varies by Option (Eg: 5 contracts of Tesla Calls)
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:500 Up to 1:300
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
Yes No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes No
📺 MetaTrader 5
Yes No
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No Yes
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee

Yes, $15 monthly after 1 year of inactivity.

Yes, $10 every 3 months
💰 Deposit Fees
No No
💰 Withdrawal Fees
No No
💰 Commissions

Yes depending on account type.

  • Standard account has no commissions
  • “Commission Account” and “DMA Account” have a flat $5 fee commission per lot round turn
No
Spreads
📈 EUR/USD
Dynamic - From 0.8 Pips Dynamic - From 0.8 Pips
📉 SP500
From 60 Pips Dynamic - From 70 Pips
📈 GOLD
From 50 Pips Dynamic - From 30 Pips
📉 TSLA (Stock CFD)
Dynamic - Market Spread Dynamic - From $5.2
📈 XLK (ETF - CFD)
Dynamic - Market Spread Dynamic - From 7 Pips
📉 BTC
From $120 Dynamic - From $136
Research and Analysis
⭐ Watchlists
Yes No, only allows setting an individual favourites list
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
Yes No

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