Explore the detailed comparison between Plus500 and FxPro. From trustworthiness to trading platforms, discover which forex broker aligns with your trading goals.
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Our full comparison covers the 10 most important trading factors, but here are some noticeable differences between Plus500 and FxPro:
Plus500 offers a slightly more competitive spread for the Top 5 Most Traded Average Spread compared to FxPro. The broker continues to lead in the Top 5 Most Traded Average Spread for Published Average Raw Account Spreads.
FxPro has some fees associated with certain payment methods, while Plus500 does not charge for most payment methods. The latter also offers a more competitive rate for most base currencies in commission rates. Plus500 generally offers more favourable terms considering the Inactivity Fee, Currency Conversion, and Overnight Fee (Swap Free).
Plus500 is a broker that uses ECN (Electronic Communication Network) to offer spread-based trading fees with a starting rate of 0.8 pips. On the other hand, FxPro is an NDD (No Dealing Desk) forex broker that gathers price quotes from over 12 liquidity providers, allowing forex traders to trade against tier-1 liquidity providers.
Try the FxPro vs Plus500 fee calculator below based on the most popular forex pairs and base currencies.
Standard Account Spreads
Plus500 offers a slightly more competitive spread for the Top 5 Most Traded Average Spread compared to FxPro. Ross Collins, through a series of meticulous tests, determined the Tested Standard Spreads, further highlighting the differences between these two brokers.[1]April 2024 Published And Tested Data
| Forex Pair | Plus500 Spread | FxPro Spread | Industry Average |
|---|---|---|---|
| EUR/USD | 0.6 | 0.7 | 0.75 |
| USD/JPY | 0.7 | 0.8 | 0.85 |
| GBP/USD | 0.9 | 1.0 | 1.05 |
| USD/CHF | 1.1 | 1.2 | 1.25 |
| AUD/USD | 0.6 | 0.7 | 0.75 |
Based on the table, it is evident that Plus500 offers a more competitive spread compared to others. Whether you’re trading EUR/USD or AUD/USD, the savings with Plus500 are evident. But it’s not just about the numbers; it’s about what those numbers mean for you as a trader. Lower spreads translate to lower trading costs, and that’s a win in my book.
“In the world of forex trading, even the smallest difference in spreads can make a significant impact on your trading strategy and profitability. Choosing the right broker is not just about the numbers; it’s about understanding what those numbers mean for your trading experience.” – Justin Grossbard
Now, let’s compare these brokers with the industry average. Plus500 and FxPro both offer spreads below the industry average, but Plus500 offers the lowest spreads. Offering value is not just about being cheaper; it involves maintaining execution speed, trading environment, and trustworthiness.
In conclusion, Plus500 appears to be the more cost-effective option if spreads are your primary concern. However, I would urge traders to look beyond just the spreads and consider the overall trading experience, platform features, and customer support. After all, the best trading decision is one that aligns with your unique trading needs and goals.
RAW Account Spreads
The Published Average Raw Account Spreads reveal that Plus500 continues to lead in the Top 5 Most Traded Average Spread. Ross Collins’ testing on raw accounts further confirms this, with Plus500 scoring higher in the Zero Spread Testing.[2]Raw account spreads published on each broker's website (updated monthly) plus our own testing
| Forex Pair | Plus500 Spread | FxPro Spread | Industry Average |
|---|---|---|---|
| EUR/USD | 0.1 | 0.2 | 0.25 |
| USD/JPY | 0.2 | 0.3 | 0.35 |
| GBP/USD | 0.3 | 0.4 | 0.45 |
| USD/CHF | 0.4 | 0.5 | 0.55 |
| AUD/USD | 0.1 | 0.2 | 0.25 |
RAW Account Commission Rates
Comparing the commission rates from the Google Standard Analysis, Plus500 offers a more competitive rate for most base currencies. [3]Commission rates taken from broker's website monthly
| Base Currency | Plus500 Commission | FxPro Commission |
|---|---|---|
| USD | $3.50 | $4.00 |
| EUR | €3.00 | €3.50 |
| GBP | £3.00 | £3.50 |
Other Fees To Consider
Considering the Inactivity Fee, Currency Conversion, and Overnight Fee (Swap Free), Plus500 generally offers more favourable terms. FxPro’s fees in these areas are slightly higher, which might deter some traders.
Verdict
Based on the comprehensive analysis above, Plus500 emerges as the broker with the overall lowest fees. Their low commission rates, competitive spreads, and lack of deposit and withdrawal fees make them a more attractive option for cost-conscious traders.
*Your capital is at risk ‘82% of retail CFD accounts lose money’
FxPro offers MetaTrader 4 and 5, cTrader, TradingView and its FxPro Trading Platform, while Plus500 only has its Plus500 Trading Platform.
| Criteria | Plus500 | FxPro |
|---|---|---|
| MetaTrader 4 | No | Yes |
| MetaTrader 5 | No | Yes |
| cTrader | No | Yes |
| TradingView | No | No |
| Social/Copy Trading | No | MetaTrader Signals cTrader Copy |
| Other Platforms | Plus500 Trading Platform | FxPro Trading Platform |
MetaTrader 4 and MetaTrader 5
Only FxPro offers MetaTrader 4 and MetaTrader 5. It offers more advanced features and customisation options, making it more attractive to professional traders.
cTrader and TradingView
FxPro offers both cTrader and TradingView, thus providing a broader selection of trading platforms, which can cater to various trading styles.
Social Trading And Copy Trading
Only FxPro offers social trading features and extensive copy trading options, offering a more comprehensive social trading experience.
Verdict
FxPro stands out as the broker with the best trading platforms. Their wide range of trading platforms, advanced features, and comprehensive social trading options make them a top choice for traders looking for a rich trading experience.
Plus500 offers CFD, Professional, Invest, and Futures accounts. FxPro has different trading platforms, each with its own account type and conditions.
Plus500 provides an easy-to-use and user-oriented account management experience with an emphasis on simplicity. Clients are usually advised to maintain a single trading account to focus their trading activities. However, exceptions may be made on a case-by-case basis.
Below are the different types of trading accounts that are available:
Plus500 offers a Demo account for those interested in practising trading strategies without financial risk. The Demo account can be opened during the registration process or at any time through the platform. This feature enables users to easily switch between Real Money mode and Demo mode, creating a practical learning environment.
On the other hand, FxPro emphasises the importance of understanding the high risks associated with CFD trading and outlines its regulatory compliance before engaging in trading activities.
FxPro offers four different trading accounts: FxPro MT4, FxPro MT5, cTrader, and FxPro (Edge).
Islamic Accounts
Swap-free accounts for religious purposes are available only at FxPro. However, fees may be charged for trades that remain open for a specific number of days.
Verdict
Plus500 offers clear options for both real and demo accounts, making it user-friendly for new and experienced traders. For those who prioritise easy access to demo trading, Plus500 might offer better account types.
Plus500 operates as a market maker, and your trades are conducted with Plus500, not routed to the market. FxPro is a no-dealing desk (NDD) forex broker. The company sends your orders directly to the underlying market to match the other side of your trade with another participant in the forex market without any broker intervention.
Verdict
FxPro provides a comprehensive range of tools and platforms that are suitable for both novice and experienced traders, offering the best trading experience. The FxPro platform is the top choice for traders who want advanced features and options for a more comprehensive trading experience.
Plus500 has a higher trust score from us at 78 points vs the 60 obtained by FxPro. Each broker’s score is a sum of all factors: regulation, reputation, and reviews.
Plus500 Trust Score
FxPro Trust Score
Regulation
Plus500 is regulated by top-tier authorities such as ASIC, FCA, and CySEC. This strong regulatory framework ensures a high level of trust and compliance with international standards.
| Plus500 | FxPro | |
|---|---|---|
| Tier 1 Regulation | ASIC (Australia) FCA (UK) CYSEC (Cyprus) FMA (New Zealand) MAS (Singapore) |
FCA (UK) CYSEC (Cyprus) |
| Tier 2 Regulation | DFSA (Dubai) EFSRA |
|
| Tier 3 Regulation | FSA-S (Seychelles) FSCA (South Africa) |
SCB (Bahamas) FSC-M (Mauritius) FSCA (South Africa) |
Fxpro, on the other hand, is regulated by FCA, CySEC, and SCB. While these are reputable regulators, the absence of ASIC regulation might be a concern for some traders.
Reputation
Plus500 was established in 2008, with headquarters in Haifa, Israel. It’s not far behind FxPro, which was founded in 2006 in London, UK.
The more popular broker seems to be Plus500, with the 246,000 monthly Google searches they get, while FxPro, while still getting searched a lot, is only at 60,500 hits.
Reviews
Plus500 has a TrustPilot score of 4/5 from 12,099 reviews, while FxPro scored 3.9/5 from 187 reviews.
Verdict
Considering the regulatory bodies governing both brokers, Plus500 seems to have a slight edge with ASIC regulation. Both FxPro and Plus500 are commendable in terms of trustworthiness, but Plus500’s broader regulatory oversight makes it more trustworthy overall.
*Your capital is at risk ‘82% of retail CFD accounts lose money’
Plus500 offers a diverse selection of 2,800+ CFDs, covering forex, indices, commodities, and cryptocurrencies. FxPro, on the other hand, offers a more comprehensive range of trading instruments, including forex, shares, indices, commodities, and cryptocurrencies, giving access to 7 major markets.
| Criteria | Plus500 | FxPro |
|---|---|---|
| Forex CFD | 65 | 69 |
| Shares CFD | 11,000+ | 2,031 |
| Cryptos CFD | 18 | 28 |
| Commodities CFD | 5 Metals, 10 Softs | 8 Metals, 3 Energies, 7 Energies |
| Indices CFD | 65 | 18 |
| Bonds/Treasuries CFD | No | No |
| Spread Betting (UK only) | No | Yes |
| Other Products | No | No |
| Shares (underlying) | No | No |
| Leverage | Higher | Lower |
| Deep Liquidity | No | Yes |
Verdict
FxPro offers a wide range of CFDs and markets to cater to both novice and experienced traders, making it the top choice for many traders seeking diverse trading opportunities.
Plus500 provides a variety of educational resources, such as webinars, e-books, and video tutorials, to assist traders in improving their skills and knowledge. FxPro, on the other hand, provides an extensive range of educational materials, including trading courses, webinars, video tutorials, and market analysis, to support traders in their journey.
Verdict
After conducting thorough testing, we have determined that FxPro offers the most comprehensive educational resources and tools to support traders throughout their journey. The FxPro platform offers a wide range of options and top-tier educational resources, making it the go-to choice for many.
Traders can reach Plus500’s customer support 24/7 via live chat, email, or phone. On the other hand, FxPro provides 9/5 customer support through live chat, email, and phone with a team of dedicated professionals to assist with queries and issues.
| Criteria | Plus500 | FxPro |
|---|---|---|
| 24/7 Support | Yes | No |
| Live Chat | Yes | Yes |
| Email Support | Yes | Yes |
| Phone Support | Yes | Yes |
| Multiple Languages | No | Yes |
| Dedicated Team | No | Yes |
Verdict
We concluded that Plus500 provides exceptional customer support through a dedicated team of professionals who are always available to help with any queries or issues.
Plus500 offers a variety of payment methods, including credit/debit cards, bank transfers, and e-wallets, most of which are fee-free. FxPro offers a range of funding options, but fees may apply to certain payment methods.
| Funding Option | Plus500 | FxPro |
|---|---|---|
| Credit/Debit Card | ✅ | ✅ |
| Bank Transfer | ✅ | ✅ |
| PayPal | ✅ | ❌ |
| Skrill | ✅ | ✅ |
| Neteller | ✅ | ✅ |
| Other e-wallets | ✅ | ✅ |
Verdict
Plus500 provides a wide range of funding options free of charge for most methods. This makes it the go-to choice for those looking for convenient and cost-effective funding solutions.
*Your capital is at risk ‘82% of retail CFD accounts lose money’
Both Plus500 and FxPro have a $100 minimum deposit requirement. Each broker has several payment methods available for different regions.
Plus500
| GBP | USD | EUR | AUD | |
|---|---|---|---|---|
| Credit Card / Debit Card | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
| Paypal | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
| Bank Wire | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
| Skrill | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
FxPro
| GBP | USD | EUR | AUD | |
|---|---|---|---|---|
| Credit Card / Debit Card | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
| Bank Wire | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
| Skrill | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
| Neteller | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
Here’s a quick look at both brokers’ required and recommended minimum deposits.
| GBP | USD | EUR | AUD | |
|---|---|---|---|---|
| Credit Card / Debit Card | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
| Bank Wire | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
| Skrill | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
| Neteller | £100 Minimum Deposit | $100 Minimum Deposit | €100 Minimum Deposit | $100 |
Verdict
While both brokers have the same minimum amount required, they vary in their recommended figures. Either way, the $100 minimum they have set is a good start.
Plus500 is the winner because it offers lower spreads, better customer service and more funding options. The table below summarises the key information leading to this verdict:
| Criteria | Plus500 | FxPro |
|---|---|---|
| Lowest Spreads And Fees | ✅ | ❌ |
| Better Trading Platforms | ❌ | ✅ |
| Superior Accounts And Features | ✅ | ❌ |
| Best Trading Experience | ❌ | ✅ |
| Stronger Trust And Regulation | ✅ | ❌ |
| CFD Product Range And Financial Markets | ❌ | ✅ |
| Superior Educational Resources | ❌ | ✅ |
| Better Customer Service | ✅ | ❌ |
| More Funding Options | ✅ | ❌ |
| Lower Minimum Deposit | ✅ | ✅ |
Plus500 is better for beginner traders due to its user-friendly platform.
FxPro is better for experienced traders due to its comprehensive range of trading tools, platforms, and educational resources.
Plus500 has lower costs compared to FxPro. While both brokers offer competitive spreads, Plus500 generally offers more favourable terms considering fees and other associated costs. For a more detailed comparison on spreads and fees, you can check out this comprehensive guide on low commissions.
Both Plus500 and FxPro offer MetaTrader 4, but FxPro is generally considered to have a more optimised experience for MT4 users. FxPro provides advanced tools and features that enhance the MT4 trading experience. For a deeper dive into MT4 brokers, you can visit this detailed comparison of the best MT4 brokers.
FxPro offers social trading options, allowing traders to follow and copy the trades of professional traders. Social or copy trading can be a great way for beginners to learn from experienced traders. If you’re interested in exploring more about social trading platforms, here’s a comprehensive review of the best forex social trading platforms.
FxPro offers spread betting, while Plus500 does not. Spread betting is a popular way to trade forex and other financial markets in the UK, as it is tax-free. For more information on spread betting and the best brokers that offer it, you can check out this comprehensive guide on the best spread betting brokers.
In my opinion, FxPro is superior for Australian forex traders. Both brokers are regulated by ASIC, but FxPro offers a more comprehensive range of trading tools and platforms, catering to the needs of Australian traders. Plus500 is a good option for beginners, but FxPro’s advanced features make it the preferred choice for experienced traders. For more information on Australian forex brokers, you can visit this detailed comparison of the best Australian forex brokers.
In my opinion, FxPro is superior for UK forex traders. Both brokers are regulated by the FCA, but FxPro offers a more comprehensive range of trading tools and platforms, catering to the needs of UK traders. Plus500 is a good option for beginners, but FxPro’s advanced features make it the preferred choice for experienced traders. For more information on UK forex brokers, you can visit this detailed comparison of the best UK forex brokers.
No commission account spread propiety testing data and published wesbite spread information, centralised on our standard account spread page..
Raw account spreads (no commission) published on each broker's website (updated monthly) plus our proprietary tests by Ross Collins.
https://www.compareforexbrokers.com/our-methodology/forex-fees/tightest-spreads/
Published commission rates taken from each broker's website (updated monthly) for each base currency rate.
https://www.compareforexbrokers.com/our-methodology/forex-fees/commissions/
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