Plus500 vs. FXOpen
Compare their range of markets, trading platforms, deposit and withdrawal methods, and much more.
Pros and Cons
76.4% of retail CFD accounts lose money
Pros- Trade CFDs on all asset classes (except bonds).
- Trade CFDs on over 1,500 US and international stocks.
- Negative balance protection for all clients.
- Get notifications on market events.
Cons- You cannot buy shares or cryptocurrency (only CFDs).
- No support for MetaTrader 4, 5 or cTrader.
- No support for automated trading.
- No PAAM accounts.
Awards- Best Platform for Cryptocurrencies, 2020 - ADVFN
- Best Overall Broker, 2019 - Daytrading.com
- Best Trading App Award, 2019 - Daytrading.com
- Pros
- Leverage up to 1:500.
- Trade on MetaTrader 4, 5 or TickTrader.
- All trading strategies allowed (ECN account).
- Account base currencies: USD, AUD, CHF, EUR, GBP, JPY, RUB, SGD, mBTC.
- Cons
- Withdrawal fees between 2.5% and 8.25% (depending on your deposit method), if you request a withdrawal before meeting minimum notional trading volume requirements.
- FXOpen is only regulated in Nevis.
- Awards
- High-quality order execution, 2018 - VerifyMyTrade
- Best Forex Broker Australia, 2011 - World Finance
- Best Trading Platform, 2010 - Falcon Award
Markets
| Asset classes | Plus500 ▷ | FXOpen ▷ |
| Forex (CFD) |  | |
|---|---|---|
| Cryptos (CFD) | | |
| Stocks (CFD) | | |
| Indices (CFD) | | |
| ETFs (CFD) | | NA |
| Metals (CFD) | | |
| Energy (CFD) | | |
| Commodities (CFD) | | NA |
| Asset classes (#) | Plus500 ▷ | FXOpen ▷ |
| Forex (CFD) | 71 | 51 |
| Cryptos (CFD) | 14 | 43 |
| Stocks (CFD) | 1,729 | 100 |
| Indices (CFD) | 30 | 10 |
| ETFs (CFD) | 95 | NA |
| Metals (CFD) | 6 | 2 |
| Energy (CFD) | 5 | 3 |
| Commodities (CFD) | 11 | NA |
Trading platforms
Account funding
| Deposits and withdrawals | Plus500 ▷ | FXOpen ▷ |
| Bank transfer | | |
|---|---|---|
| Credit card | | |
| Debit card | | |
| Bitcoin | NA | |
| DixiPay | NA | |
| FasaPay | NA | |
| PayPal | | NA |
| Perfect Money | NA | |
| QIWI Wallet | NA | |
| Skrill | | |
| SorexPay | NA | |
| WebMoney | NA | |
| Yandex.Money | NA | |
| Account base currencies | Plus500 ▷ | FXOpen ▷ |
| AED - UAE Dirham | | NA |
| AUD - Australian Dollar | | |
| CAD - Canadian Dollar | | NA |
| CHF - Swiss Franc | | |
| CNY - Chinese Yuan | | NA |
| EUR - Euro | | |
| GBP - British Pound | | |
| HKD - Hong Kong Dollar | | NA |
| HUF - Hungarian Forint | | NA |
| JPY - Japanese Yen | | |
| KWD - Kuwaiti Dinar | | NA |
| MYR - Malaysian Ringgit | | NA |
| NOK - Norwegian Krone | | NA |
| NZD - New Zealand Dollar | | NA |
| PHP - Philippine Peso | | NA |
| PLN - Polish Złoty | | NA |
| RUB - Russian Rouble | | |
| SAR - Saudi Riyal | | NA |
| SGD - Singapore Dollar | | |
| THB - Thai Baht | | NA |
| USD - U.S. Dollar | | |
| ZAR - South African Rand | | NA |
Regulators
| Company information | Plus500 ▷ | FXOpen ▷ |
| Company name | Plus500 Ltd | FXOpen NZ Limited |
|---|---|---|
| Head office | Haifa, Israel | Auckland, New Zealand |
| Incorporation date | 2008 | 2005 |
| Regulators | Plus500 ▷ | FXOpen ▷ |
| Australia | AFSL 417727 | AFSL No. 412871 |
| CySEC | CySEC No 250/14 | NA |
| Nevis | NA | Nevis No. C 42235 |
| New Zealand | FSP No. 486026 | NA |
| South Africa | FSCA No. 47546 | NA |
| Singapore | No. CMS100648-1 | NA |
| UK | FCA No. 509909 | FCA No. 579202 |
