Plus500
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72% of retail CFD accounts lose money

Vs.

FXCM
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74-89% of retail CFD accounts lose money.

Plus500 Vs. FXCM - Compare and Choose the Right One

Updated Nov 25 2021

Visit

72% of retail CFD accounts lose money

Visit

74-89% of retail CFD accounts lose money.

Overview

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

FXCM is a global brokerage headquartered in the U.K that specialises in both retail and institutional trading with a comprehensive API offering.

Best For
  • Intermediate traders looking to trade short term
  • Experienced traders looking to speculate using CFDs based on options
  • Professional algorithmic traders looking to benefit from their comprehensive API offering 
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The Good
  • CFDs on american options offered
  • Low minimum trade sizes
  • Propietary platform with multi-charting tools
  • Comprehensive API offering with a variety of conditions and programming languages at no additional cost
  • Proprietary platform (Trading Station)
The Bad
  • No ability to remove leverage
  • All instruments are CFDs, you can't buy underlying assets (real stocks or cryptocurrencies)
  • Lack of asset variety in their offering (over 300+ financial instruments)
  • Costly spreads when compared to similar competitors
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
Cyprus Securities and Exchange Commission
Monetary Authority of Singapore
Financial Conduct Authority
Australian Securities and Investments Commission
Cyprus Securities and Exchange Commission
Financial Conduct Authority
Australian Securities and Investments Commission
Financial Sector Conduct Authority
📍 Year Founded
2008 1999 (FXCM Group)
💳 Minimum Deposit
$, €, £ - 100 €, £, $ - 50 (Varies by payment method)
💰 Payment Methods
Visa
Mastercard
Bank Transfer
Paypal
Skrill
Visa
Mastercard
Bank Transfer
Neteller
Skrill

Skrill and Neteller are not available to FXCM EU clients at the moment

💵 Account Base Currencies
16 - USD, GBP, EUR, CHF, AUD, JPY, PLN, HUF, CZK, CAD, TRY, SEK, NOK, SGD. 4 - EUR GBP, USD, CHF.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, CA, CU, SY, IR. RU, US, CA, JP, SK and more.
📊 STP Account
Yes No
📊 DMA Account
No No
📊 ECN Account
No No
Assets
📚 Available Assets
Stocks
Currencies
Cryptos
Commodities
ETFs
CFDs
Indices
Options
Stocks
Cryptos
Commodities
Currencies
Indices
CFDs
📙 Stocks
2000+ 200+
📘 Currency Pairs
70 39
📗 Commodities
25 11
📕 Indices
26 15
📔 ETFs
95 N/A
💸 Cryptocurrencies
14

6 (Cryptocurrencies CFDs are not available to retail clients residing in the UK)

📒 Bonds
N/A N/A
📓 Options
Option CFDs (Calls and Puts) on: Alphabet, Facebook, Apple, DeutscheBank, Snap, Twitter, Amazon, Microsoft, Netflix, Tesla and NIO along with major indices and EUR/USD. N/A
📗 Futures
N/A N/A
📝 Notes:
All Plus500 assets are CFDs. All of FXCM's assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
Varies by Stock (Eg: 0.05 units of Tesla) 1 share
📉 Minimum ETFs Trade Size
Varies by ETF (Eg: 0.5 units of XLK) N/A
📈 Minimum Crypto Trade Size
Varies by Crypto (Eg: 0.001 BTC) 1 unit of any cryptocurrency
📉 Minimum FX Trade Size
$1,000 $1000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Varies by Commoditty (Eg: 0.2 Troy ounces of Gold) Varies by Commodity (Eg: 1 Troy ounce of Gold)
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
Varies by Option (Eg: 5 contracts of Tesla Calls) N/A
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:300 Up to 1:500 (Varies)
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
No No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
No Yes
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No Yes
👫 Social Trading
No Yes
🔑 Guaranteed Stop-loss
Yes No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee
Yes, $10 every 3 months

50 units of the account's base currency yearly after 1 year of inactivity.

💰 Deposit Fees
No No
💰 Withdrawal Fees
No

Yes on bank transfer withdrawals depending on location (from $10 to $40 on local currency).

💰 Commissions
No No
Spreads
📈 EUR/USD
Dynamic - From 0.8 Pips From 1.2 Pips (As per our research)
📉 SP500
Dynamic - From 70 Pips From 58 Pips (As per our research)
📈 GOLD
Dynamic - From 30 Pips From 41 Pips (As per our research)
📉 TSLA (Stock CFD)
Dynamic - From $5.2 Dynamic - From $1.04 (As per our research)
📈 XLK (ETF - CFD)
Dynamic - From 7 Pips N/A
📉 BTC
Dynamic - From $136 Variable - From $51 (As per our research)
Research and Analysis
⭐ Watchlists
No, only allows setting an individual favourites list Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No No

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