Written by ForexBrokers.com
In this head to head comparison of Plus500 vs FXOpen, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Plus500, founded in 2008, stands as a highly trusted online broker with a perfect Trust Score of 99 according to ForexBrokers.com. With 6 Tier-1 licenses, Plus500 offers strong regulatory assurance, despite not being a bank. Publicly traded, Plus500 provides additional transparency for investors and traders alike.
Founded in 2003, FXOpen is an online broker with a ForexBrokers.com Trust Score of 76, indicating an average level of risk. Holding two Tier-1 licenses, FXOpen demonstrates a commitment to maintaining trusted regulatory standards, although it is not publicly traded and holds no Tier-2 licenses. Like Plus500, FXOpen is not a bank, but provides a viable option for those considering options with moderate risk.
| Feature |
Plus500
|
FXOpen
|
|---|---|---|
| Year Founded | 2008 | 2003 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 6 | 2 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing the commissions and fees of online brokers Plus500 and FXOpen, both have their distinct features. Plus500, while not offering the most competitive pricing in the market, is slightly above industry average rates. While they do not provide discounts for retail clients, they offer cash rebates for those who qualify as Professional clients. In April 2024, their spreads for EUR/USD averaged at 1.5 pips, which is higher than average. Despite this, Plus500 holds a solid rating of 4.0 stars out of five in commissions and fees.
On the other hand, FXOpen does not offer specific average spread data, making direct cost comparisons with Plus500 challenging. However, like Plus500, FXOpen receives a 4-star rating out of five for its commission and fee structure. This parity reflects a competitive standing in terms of fees, though individual trading conditions may vary.
In terms of rankings, Plus500 is placed at 25th among 62 brokers by ForexBrokers.com for the Commissions and Fees category. This is a significantly better standing compared to FXOpen, which holds the 45th spot. This ranking suggests that while both brokers are similar in their star ratings, Plus500 might have a slight edge in terms of its overall fee offering when evaluated among a broader set of industry peers.
| Feature |
Plus500
|
FXOpen
|
|---|---|---|
| Minimum Deposit | €100 | $100 |
| Average Spread EUR/USD - Standard | 1.5 | N/A |
| All-in Cost EUR/USD - Active | 1.5 | N/A |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Plus500 and FXOpen, Plus500 clearly offers a more extensive range of investment options. With 5,500 tradeable symbols and the ability to access 65 forex pairs, Plus500 provides a comprehensive trading environment for investors. Importantly, it allows clients to trade both CFDs and exchange-traded securities on U.S. and international exchanges, meaning you can invest in major companies like Apple and Vodafone directly. In contrast, FXOpen has 87 tradeable symbols and offers access to 25 forex pairs. However, it does not provide the option to buy exchange-traded securities on either U.S. or international exchanges.
While both brokers allow the trading of cryptocurrency derivatives, neither supports the purchase of physical cryptocurrencies. Additionally, FXOpen offers copy trading, a feature that Plus500 does not provide. This difference highlights FXOpen's focus on a niche aspect of trading. In terms of ratings, Plus500 scores 4.5 stars for its range of investments and is ranked #24 out of 62 brokers, reflecting its extensive options. Meanwhile, FXOpen, with a 3-star rating and a #61 ranking, indicates a more limited assortment of investment opportunities, positioning it as a less versatile option for diverse investment strategies.
| Feature |
Plus500
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 87 |
| Forex Pairs (Total) | 65 | 25 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. |
Dive deeper: Best Copy Trading Platforms.
Both Plus500 and FXOpen offer free virtual demo accounts, making them accessible for new traders to practice without risk. Plus500 provides a proprietary trading platform, which is accessible via a web-based interface, while FXOpen lacks a proprietary platform but supports a Windows-based desktop download. Furthermore, FXOpen offers MetaTrader 4 and MetaTrader 5, making it a versatile choice for traders who prefer these popular platforms, and also enables copy trading through ZuluTrade. In contrast, Plus500 does not support any external platforms like MetaTrader or social trading features. However, Plus500 is rated slightly higher for its trading platforms and tools at 4.5 stars compared to FXOpen's 4 stars.
When it comes to charting tools, Plus500 provides 22 drawing tools, more than FXOpen's offering of 15. However, FXOpen allows traders to execute trades directly from a stock chart, which Plus500 does not. Additionally, Plus500 offers a more extensive watch list feature with 10 columns, whereas FXOpen provides 7 columns. According to ForexBrokers.com, Plus500 ranks higher in the Trading Platforms and Tools category at 14 out of 62 brokers, while FXOpen is ranked at 53. Overall, Plus500's specialized platform and features cater well to users who prefer an integrated system, while FXOpen suits traders seeking a variety of platform options like MetaTrader.
| Feature |
Plus500
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 114 | 30 |
| Charting - Drawing Tools (Total) | 22 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 10 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Plus500 and FXOpen both offer easy-to-use mobile trading apps for iPhone and Android users. These apps provide essential features such as stock and forex price alerts, and the ability to draw trendlines and view multiple time frames on charts. While both allow users to create watchlists with real-time quotes and do not auto-save chart drawings, Plus500 takes the edge with its ability to sync watchlist symbols across devices—a feature FXOpen lacks.
In terms of charting capabilities, Plus500 significantly surpasses FXOpen by offering 110 technical studies compared to FXOpen's 30. Due to these advanced features, Plus500 has received a higher mobile trading app rating of 4.5 stars, ranking it 14th out of 62 brokers on ForexBrokers.com. Meanwhile, FXOpen holds a 4-star rating, placing it at 54th. This ranking suggests that while both apps are highly functional, Plus500's app provides a slightly more comprehensive trading experience for on-the-go investors.
| Feature |
Plus500
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 110 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Plus500 and FXOpen both provide daily market commentary and have an economic calendar that keeps traders informed on global economic events. When it comes to forex news from top-tier sources, FXOpen has an edge by offering updates from Bloomberg, Reuters, Dow Jones, or similar, whereas Plus500 does not include such in-depth news sources. Both platforms lack tools from Autochartist and market research offerings from TipRanks or Acuity Trading, such as Signal Centre. However, Plus500 distinguishes itself by featuring technical analytics from Trading Central and sentiment-based trading tools showing the long or short position ratios across currency pairs, services that FXOpen does not provide.
Considering overall research resources, Plus500 scores higher with a rating of 4.0 stars, ranking #19 out of 62 brokers according to ForexBrokers.com. In comparison, FXOpen holds a 3-star rating and is ranked at #62. This positions Plus500 as the more comprehensive choice for traders who prioritize research features, while FXOpen's integration of news from elite sources may appeal to those who value continuous market updates from recognized names.
| Feature |
Plus500
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for newcomers, Plus500 stands out as a strong choice compared to FXOpen. Plus500 offers a wealth of learning materials, including over 10 pieces focusing on forex and CFDs, and provides at least one educational webinar each month. These webinars are available in a searchable archive, allowing beginners to easily review past sessions at their convenience. The platform offers video content tailored for both beginners and advanced traders, ensuring that users at all levels can enhance their trading knowledge. However, Plus500 lacks an investor dictionary with more than 50 investing terms, which is a feature offered by FXOpen.
FXOpen, on the other hand, provides a comprehensive investor dictionary, beneficial for those needing quick access to investing term definitions. Despite this, the platform falls short in other educational aspects compared to Plus500. It does not meet the minimum requirement of 10 educational pieces centered on forex or CFDs and lacks the provision of monthly webinars and an archive of recorded sessions. Consequently, in the realm of educational offerings, Plus500 is rated 4.0 stars, ranking 31st out of 62 brokers, whereas FXOpen garners a lower rating of 3 stars and ranks at 58th. For beginners eager to expand their trading expertise, Plus500 offers a more expansive suite of educational tools.
| Feature |
Plus500
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Plus500 is better than FXOpen. Plus500 finished with an overall rank of #14, while FXOpen finished with an overall rank of #54.
Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to a thorough selection of CFDs. Share trading is available, but only via its Plus500 Invest product offering.
| Feature |
Plus500
|
FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 76 |
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Both Plus500 and FXOpen do not offer the ability to buy actual, delivered cryptocurrency, but they both enable trading in cryptocurrency derivatives.
When comparing Plus500 and FXOpen in terms of deposit and withdrawal options, both brokers do not support ACH or SEPA transfers, but Plus500 distinguishes itself by allowing PayPal transactions, which FXOpen does not; both brokers accept Skrill, Visa, Mastercard, and bank wire transactions, making them versatile in traditional payment methods.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Plus500 | FXOpen | |
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| Trust Score | 99 | 76 | |
| Winner | check_circle | ||
| Review | Plus500 Review |
| Broker Screenshots | Plus500 | FXOpen | |
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| Regulation | Plus500 | FXOpen | |
|---|---|---|---|
| Trust Score | 99 | 76 | |
| Year Founded | 2008 | 2003 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 6 | 2 | |
| Tier-2 Licenses | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Plus500 | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Plus500 | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Plus500 | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 87 | |
| Forex Pairs (Total) | 65 | 25 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. |
| Cost | Plus500 | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.5 | N/A | |
| All-in Cost EUR/USD - Active | 1.5 | N/A | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Plus500 | FXOpen | |
|---|---|---|---|
| Minimum Deposit | €100 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Plus500 | FXOpen | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | Plus500 | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 10 | 7 | |
| Charting - Indicators / Studies (Total) | 114 | 30 | |
| Charting - Drawing Tools (Total) | 22 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Plus500 | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 110 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Plus500 | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Plus500 | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Plus500 | FXOpen | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Plus500 Review |
| Overall | Plus500 | FXOpen | |
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| Trust Score | 99 | 76 | |
| Winner | check_circle | ||
| Review | Plus500 Review |
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