Plus500 vs. FXOpen

Compare their range of markets, trading platforms, deposit and withdrawal methods, and much more.

Pros and Cons

Plus500

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
FXOpen

  • 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 classesPlus500 ▷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)7151
Cryptos (CFD)1443
Stocks (CFD)1,729100
Indices (CFD)3010
ETFs (CFD)95NA
Metals (CFD)62
Energy (CFD)53
Commodities (CFD)11NA

Trading platforms

Trading platformsPlus500 ▷FXOpen ▷
MetaTrader 4NA
MetaTrader 5NA
cTraderNA
CurrenexNA
Copy tradingNA
Mirror tradingNA
Other platformsPlus500TickTrader
Operating systemsPlus500 ▷FXOpen ▷
Web trader
Android
iOS

Account funding

Deposits and withdrawalsPlus500 ▷FXOpen ▷
Bank transfer
Credit card
Debit card
BitcoinNA
DixiPayNA
FasaPayNA
PayPalNA
Perfect MoneyNA
QIWI WalletNA
Skrill
SorexPayNA
WebMoneyNA
Yandex.MoneyNA
Account base currenciesPlus500 ▷FXOpen ▷
AED - UAE DirhamNA
AUD - Australian Dollar
CAD - Canadian DollarNA
CHF - Swiss Franc
CNY - Chinese YuanNA
EUR - Euro
GBP - British Pound
HKD - Hong Kong DollarNA
HUF - Hungarian ForintNA
JPY - Japanese Yen
KWD - Kuwaiti DinarNA
MYR - Malaysian RinggitNA
NOK - Norwegian KroneNA
NZD - New Zealand DollarNA
PHP - Philippine PesoNA
PLN - Polish ZłotyNA
RUB - Russian Rouble
SAR - Saudi RiyalNA
SGD - Singapore Dollar
THB - Thai BahtNA
USD - U.S. Dollar
ZAR - South African RandNA

Regulators

Company informationPlus500 ▷FXOpen ▷
Company namePlus500 LtdFXOpen NZ Limited
Head officeHaifa, IsraelAuckland, New Zealand
Incorporation date20082005
RegulatorsPlus500 ▷FXOpen ▷
AustraliaAFSL 417727AFSL No. 412871
CySECCySEC No 250/14NA
NevisNANevis No. C 42235
New ZealandFSP No. 486026NA
South AfricaFSCA No. 47546NA
SingaporeNo. CMS100648-1NA
UKFCA No. 509909FCA No. 579202

Plus500

76.4% of retail CFD accounts lose money