Compare Plus500 Vs FXOpen: Which is the Better Forex Broker in 2024?
Plus500 Vs FXOpen, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between Plus500 Vs FXOpen, here is the direct comparison:
Feature | Plus500 | FXOpen |
General Rating |
1.00/5 |
2.86/5 |
|
Score | 57 | 73 | |
Trustpilot |
3.5/5 1407 users |
4.2/5 12 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 2008 | 2003 | |
💲 Min Deposit | $100 | $1 | |
⚖ Max Leverage | 1:300 | 1:500 | |
🔢 Spread | Fixed | Variable | |
💸 Commissions | $1.50 | ||
💡 Min Position | 0.005 lot | 0.01 lot |
💳 Payment | PayPal, Skrill, Wire transfer, Credit/debit cards, BPAY, iDEAL, SOFORT, giropay and Przelewy24 | Wire transfer, Credit/debit cards, FasaPay, Crypto, Litecoin, Ethereum, Crypto Cash, Tether (USDT), WebMoney and AdvCash | |
🏢 Office(s) |
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🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
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🗣 Website Languages | Arabic, Bulgarian, Czech, Danish, German, Greek, English, Spanish, Estonian, Finnish, French, Croatian, Hungarian, Icelandic, Italian, Hebrew, Japanese, Korean, Lithuanian, Latvian/Lettish, Malay, Mal | Arabic, German, English, Spanish, French, Hungarian, Indonesian, Italian, Russian, Chinese, Portuguese, Thai, Turkish |
🚪 Trade Now | Open Plus500 | Open FXOpen |
Testimonials
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Plus500: There's no problem actually with their deposit process, but need...
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Plus500: They have a simple program. As a newbie in the...
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Plus500: For my 1st experience with broker, Plus500 have a very...
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Plus500: Plus500 don't like it if their trader makes a lot...
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Plus500: For almost 4 weeks they prevent me to withdraw my...
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Plus500: There's no problem actually with their deposit process, but need...
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Plus500: They have a simple program. As a newbie in the...
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Plus500: For my 1st experience with broker, Plus500 have a very...
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Plus500: Plus500 don't like it if their trader makes a lot...
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Plus500: For almost 4 weeks they prevent me to withdraw my...
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FXOpen: With them since 2018
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FXOpen: Good ECN Account
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FXOpen: Bad support
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FXOpen: FXOpen review
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FXOpen: Better than the rumour
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Plus500: There's no problem actually with their deposit process, but need...
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See More Plus500 Testimonials
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See More FXOpen Testimonials
News
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Plus500 Expands in Israel: Bigger HQ and More Jobs
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Plus500 Boosts Shareholder Value with $100 Million Share Buyback
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FXOpen UK Forex Broker Reports 5.5% Revenue Increase
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Forex Broker Plus500 Surpasses Expectations with $725M in Revenues
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Plus500 Expands to US Futures Market with FIA Membership
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FXOpen Introducing New ETF CFDs, Opening Doors to American, Chinese, and Indian Markets
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Plus500's Efforts to Maintain The Title of Best Broker
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Plus500's Anne Grim Steps Down From Her Position
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Automated EA and Indicator Script Now Available in FXOpen
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Plus500 Will Hold an EGM to Authorize Share Buybacks
Articles
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Your Guide to FXOpen Forex Contests in 2023
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FXOpen Vs Tickmill for Cryptocurrency Trading
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Is FXOpen PAMM Service Worth It?
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FXOpen ECN vs STP Account
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Your Definitive Guide to FXOpen ECN Account
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Guide to FXOpen Deposit and Withdrawal
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All You Need to Know about FXOpen Mobile App
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How to Open Account in FXOpen
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FXOpen Copy Trading: Perfect Chance to Get Passive Income
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Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, Plus500 provides their pricing with Fixed spread while FXOpen offers Variable spread.
Plus500 vs FXOpen: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, Plus500 enables trading with Plus500 Windows Trader, Plus500 WebTrader. The offer is supported with Trailing stop, Pending orders. In comparison, FXOpen provides trading with MetaTrader 4 (Limited with 30 days), MetaTrader 5 (Limited with 30 days), TickTrader (Limited with 30 days), TradingView, Web with the support of One-click trading, Trailing stop, Pending orders.
Is Plus500 or FXOpen better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, Plus500 supports trading with Forex, Gold & silver, CFD, Oil, Stocks, Options, Indexes, Metals, Energies, ETF, Spread betting, Crypto, while FXOpen presents the ability of trading with Crypto, Etf, Commodities, Forex, Gold & silver, CFD, Oil, Stocks, Indexes, Energies.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
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For more comparisons, visit this page.