Written by ForexBrokers.com
In this head to head comparison of Plus500 vs FXGT.com, 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.
Founded in 2008, Plus500 is an online broker renowned for its highly trusted reputation, as reflected by its ForexBrokers.com Trust Score of 99 out of 99. Not only is Plus500 publicly traded, which adds a layer of transparency, but it also holds six Tier-1 licenses and three Tier-2 licenses. These credentials set Plus500 in the top tier for trustworthiness and regulatory compliance among online brokers, offering users a high level of confidence.
In contrast, FXGT.com, founded in 2019, is a younger entrant in the online brokerage space. It is not publicly traded and holds only one Tier-1 license and one Tier-2 license. With a ForexBrokers.com Trust Score of 69, FXGT.com is considered high-risk compared to its rival, Plus500. While both brokers are non-banking entities, Plus500's regulatory standing is significantly stronger, making it a more reliable choice for traders seeking assurance and compliance.
| Feature |
Plus500
|
FXGT.com
|
|---|---|---|
| Year Founded | 2008 | 2019 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 6 | 1 |
| Tier-2 Licenses | 3 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing the commissions and fees of online brokers, Plus500 and FXGT.com show notable differences. Plus500, known for its user-friendly platform, offers pricing slightly above the industry average. Active traders may find more competitive pricing elsewhere, such as IG or Saxo. While Plus500 does not provide discounts for retail clients, it rewards Professional clients with cash rebates. In April 2024, the average spread for EUR/USD at Plus500 was 1.5 pips, which exceeds the industry norm. Plus500 has earned a 4.0-star rating for its commissions and fees and ranks 25th out of 62 brokers according to ForexBrokers.com.
On the other hand, FXGT.com does not have available data for average spreads, making direct rate comparisons with Plus500 challenging. This might pose an obstacle for traders seeking detailed cost insights. However, FXGT.com has been rated 3.5 stars for its commission and fee structure and finds itself ranked 55th among 62 brokers in the same category. This suggests that traders may encounter a less competitive pricing structure compared to Plus500.
| Feature |
Plus500
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | €100 | $5 |
| 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 | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Plus500 and FXGT.com both offer forex trading, allowing users to engage in CFD or spot contracts. However, when comparing the range of investments offered, Plus500 stands out with an impressive 5,500 tradeable symbols, far surpassing FXGT.com's 117. Plus500 provides access to 65 forex pairs, while FXGT.com offers 53. Plus500 further enhances its offering by allowing clients to purchase exchange-traded securities on both U.S. and international exchanges, such as Apple and Vodafone shares, which FXGT.com does not. On the other hand, FXGT.com supports copy trading, a feature not available through Plus500.
In the cryptocurrency sphere, both brokers allow trading in cryptocurrency derivatives but neither offers the purchase of actual cryptocurrencies. Based on these capabilities, Plus500 receives a 4.5-star rating for its range of investments, ranking 24th out of 62 brokers according to ForexBrokers.com. Meanwhile, FXGT.com holds a rating of 3 stars, ranking 60th in the same category. This indicates Plus500's broader options and flexibility in investment opportunities compared to FXGT.com.
| Feature |
Plus500
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 117 |
| Forex Pairs (Total) | 65 | 53 |
| 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. | 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing Plus500 and FXGT.com for their trading platforms and tools, both brokers offer virtual demo accounts, enabling newcomers or experienced traders to practice without financial risk. Plus500 stands out with its proprietary platform that is accessible via web browsers but lacks a Windows-based desktop download option. FXGT.com, on the other hand, does not offer its own platform but provides a Windows-compatible desktop application and supports the popular MetaTrader 4 and MetaTrader 5 platforms, catering to traders who value these well-known tools. However, Plus500 does not support copy trading, unlike FXGT.com, which offers this feature to facilitate strategy sharing among users.
In terms of charting, Plus500 provides 22 drawing tools but doesn't allow users to trade directly from stock charts, a capability FXGT.com includes along with slightly more drawing tools. Plus500's watch lists are more detailed with ten columns compared to FXGT.com's five. According to ForexBrokers.com rankings, Plus500 scores slightly higher with a 4.5-star rating and holds the 14th position out of 62 brokers for trading platforms and tools, while FXGT.com earns 4 stars and is positioned at 56. These distinctions in features and ratings might guide traders to choose the platform that better suits their specific needs in the trading environment.
| Feature |
Plus500
|
FXGT.com
|
|---|---|---|
| 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 | No |
| Charting - Indicators / Studies (Total) | 114 | 37 |
| Charting - Drawing Tools (Total) | 22 | 23 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 10 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Plus500 and FXGT.com, both offer strong compatibility with iPhone and Android devices. Users will find essential features like stock and forex price alerts, syncing of watchlist symbols between the mobile app and their online account, and the capacity to draw trendlines on charts in each app. Plus500 stands out by providing 110 technical studies for its charting tools, a significantly larger offering than FXGT.com's 30 studies. Both apps support viewing different time frames on charts, such as daily or weekly intervals, but FXGT.com edges ahead with its feature allowing the auto-saving of drawings on charts—a feature absent in Plus500's app.
For those who prioritize real-time market data, both Plus500 and FXGT.com offer the ability to create watchlists with real-time quotes. However, according to reviews, Plus500's app is a more popular choice among users, boasting a 4.5-star rating compared to FXGT.com's 3.5-star rating. Additionally, Plus500 holds a better ranking in the Mobile Trading Apps category by ForexBrokers.com, coming in at #14 out of 62 brokers, while FXGT.com ranks at #58. Overall, Plus500 offers a more enriched app experience, particularly for those who value detailed chart analysis tools.
| Feature |
Plus500
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 110 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of Plus500 and FXGT.com, distinct differences emerge in features and services. Plus500 stands out with its daily market commentary, providing users with timely insights and updates on market trends. Moreover, Plus500 integrates Technical Analytics from Trading Central, a valuable tool for traders seeking in-depth technical analysis. Both platforms offer sentiment-based trading tools, giving traders insights into long or short positions across various instruments, and they each provide an economic calendar for keeping up with global news events. However, neither Plus500 nor FXGT.com offers forex news from top-tier sources like Bloomberg or Reuters, nor do they utilize tools from Autochartist, TipRanks, or Acuity Trading.
Despite some shared functionalities, Plus500 significantly leads in research credibility, earning a commendable 4.0-star rating in the Research category. It is ranked #19 among 62 brokers by ForexBrokers.com, showcasing its strong position in the industry. In contrast, FXGT.com garners a modest 3-star rating and is ranked #56, reflecting less emphasis on research features. Ultimately, those prioritizing comprehensive market insights and technical tools might find Plus500 to be the more suitable choice for their trading needs.
| Feature |
Plus500
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| 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 beginners in trading, Plus500 and FXGT.com present distinct offerings. Plus500 stands out with a comprehensive array of educational materials, including over ten articles and videos centered around forex and CFDs, as well as regularly scheduled client webinars held online each month. They provide a valuable archive of these webinars, allowing clients to revisit past sessions. Beginners can also benefit from Plus500's specific video content tailored to novice traders, along with advanced materials for more experienced traders seeking deeper insights. Despite these strengths, Plus500 lacks an investor dictionary for defining terms. Overall, Plus500's focus on education earns it a commendable 4-star rating and a solid position at 31 out of 62 brokers in the education category, according to ForexBrokers.com.
FXGT.com, on the other hand, has a more limited approach in its educational provision. Unlike Plus500, FXGT.com does not reach the threshold of 10 educational pieces or offer monthly webinars, nor does it maintain an archive of past webinars for future reference. Their video content is not as extensive, particularly for beginners or advanced traders looking for detailed trading strategies. However, FXGT.com does provide an investor dictionary, featuring definitions for over 50 investing terms, which can be a handy tool for newcomers. Despite this, FXGT.com is rated 3 stars for education and ranks 59th out of 62 brokers in the education category, as per ForexBrokers.com. This indicates room for improvement in their educational resources compared to Plus500.
| Feature |
Plus500
|
FXGT.com
|
|---|---|---|
| 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 FXGT.com. Plus500 finished with an overall rank of #14, while FXGT.com finished with an overall rank of #58.
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
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 69 |
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While both Plus500 and FXGT.com do not provide the option to buy actual delivered cryptocurrency, they each offer the ability to trade cryptocurrency derivatives.
When comparing online brokers, it’s important to note that Plus500 supports deposits and withdrawals via PayPal, Skrill, Visa/Mastercard, and bank wires, but not ACH or SEPA transfers, whereas FXGT.com enables ACH and SEPA transfers alongside Visa/Mastercard and bank wires, but does not support PayPal or Skrill.
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 | FXGT.com | |
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| Trust Score | 99 | 69 | |
| Winner | check_circle | ||
| Review | Plus500 Review |
| Broker Screenshots | Plus500 | FXGT.com | |
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| Regulation | Plus500 | FXGT.com | |
|---|---|---|---|
| Trust Score | 99 | 69 | |
| Year Founded | 2008 | 2019 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 6 | 1 | |
| Tier-2 Licenses | 3 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | Plus500 | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| 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 | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Plus500 | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 117 | |
| Forex Pairs (Total) | 65 | 53 | |
| 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. | 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). |
| Cost | Plus500 | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Plus500 | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | €100 | $5 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | Plus500 | FXGT.com | |
|---|---|---|---|
| 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 | No |
| Trading Tools | Plus500 | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 10 | 5 | |
| Charting - Indicators / Studies (Total) | 114 | 37 | |
| Charting - Drawing Tools (Total) | 22 | 23 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Plus500 | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 110 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Plus500 | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Plus500 | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
|---|---|---|---|
| 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 | FXGT.com | |
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| Trust Score | 99 | 69 | |
| Winner | check_circle | ||
| Review | Plus500 Review |
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