Plus500 vs FXTM Brokers Comparison

Plus500: Overview

Established in 2008 in Israel, Plus500 has rapidly grown into a prominent CFD broker known for its user-friendly platform, a wide range of trading instruments, and strong regulatory compliance. As a popular choice among traders globally, Plus500 provides a straightforward trading experience with a focus on Contracts for Difference (CFDs).

Plus500 Highlights for 2023

• Strong Regulatory Framework: Regulated by several top-tier financial authorities, ensuring a high level of trust and security.
• Intuitive Trading Platform: Known for its easy-to-use web and mobile platforms, suitable for traders of all levels.
• Extensive Range of CFDs: Offers a broad selection of CFDs across various asset classes.
• No Commission Trading: Provides competitive spreads with no commission charges.
• Comprehensive Risk Management Tools: Equips traders with tools to manage trading risks effectively.
• Robust Educational Resources: Offers a range of educational materials for traders to enhance their trading knowledge.

Who is Plus500 For?

Plus500 caters to traders interested in CFD trading, providing an intuitive platform that is accessible for beginners while still offering advanced tools for experienced traders.

What Sets Plus500 Apart?

Plus500 stands out for its commitment to simplicity and transparency in CFD trading, making it a favorable choice for traders who value ease of use and clear pricing structures.

FXTM (ForexTime): Overview

Founded in 2011, FXTM has emerged as a dynamic forex broker, offering a diverse range of trading services, low fees, and advanced trading technology. As a rapidly growing broker, FXTM is recognized for its focus on forex trading and its commitment to educating traders.

FXTM Highlights for 2023

• Wide Range of Trading Instruments: Offers a diverse array of trading instruments, including forex, CFDs, and commodities.
• Advanced Trading Platforms: Provides access to both MetaTrader 4 and MetaTrader 5 platforms.
• Competitive Spreads and Low Fees: Known for its competitive pricing and transparent fee structure.
• Comprehensive Educational Resources: Strong emphasis on trader education with webinars, seminars, and online resources.
• Global Presence: Operates in various regions, offering services tailored to local needs.
• Personalized Customer Support: Offers excellent customer support with a focus on personalized assistance.

Who is FXTM For?

FXTM is ideal for traders who are focused on forex trading, from beginners seeking educational resources to experienced traders looking for advanced trading tools and competitive pricing.

What Sets FXTM Apart?

FXTM distinguishes itself with its comprehensive educational offerings and personalized customer service, catering to the needs of traders at different levels of experience.

Trust

Plus500 is regulated by top-tier financial authorities, ensuring compliance with strict regulatory standards and providing a secure trading environment for its clients. This solid regulatory foundation contributes to Plus500’s reputation as a trustworthy and reliable broker.

FXTM is also regulated by several reputable financial authorities, offering a high level of security and trustworthiness. The broker is known for its transparency and adherence to international regulatory standards, making it a trusted choice among traders.

Fees

Plus500 operates on a no-commission basis, earning revenue through market spreads. The broker is known for its competitive spreads, though some instruments may have higher costs. Plus500 does not charge deposit fees, and withdrawal fees are minimal, aligning with industry standards.

FXTM’s fee structure is competitive, especially in forex trading. The broker offers tight spreads and low commission rates, making it an attractive option for cost-conscious traders. Additionally, FXTM provides transparent information about any fees or charges that may apply.

Trading Platform

Plus500 offers a proprietary trading platform that is recognized for its user-friendliness and reliability. The platform is available on the web and as a mobile app, providing traders with a seamless trading experience across devices.

FXTM provides traders with access to the industry-standard MetaTrader platforms (MT4 and MT5), known for their robust functionality and customizability. These platforms cater to both novice and experienced traders, offering advanced tools and features.

Tradable Instruments

Plus500 offers a wide range of CFDs, including forex, stocks, indices, commodities, and cryptocurrencies. This extensive selection allows traders to diversify their portfolios and explore different markets.

FXTM specializes in forex trading and also offers a variety of other tradable instruments, including CFDs on stocks, commodities, and indices. The broker’s focus on forex provides traders with a comprehensive selection of currency pairs.

Customer Support

Plus500 provides customer support through email and live chat. The broker is known for its responsive and helpful customer service team, available to assist traders with their queries and concerns.

FXTM offers exceptional customer support, accessible through multiple channels including phone, email, and live chat. The broker places a high emphasis on providing timely and effective assistance to its clients.

Research

Plus500 offers a range of research tools and resources, including market insights and economic calendars. However, the broker’s research offerings are somewhat limited compared to other industry players.

FXTM stands out for its comprehensive research and analysis tools. The broker provides detailed market analysis, trading signals, and educational resources to help traders make informed decisions.

Deposits & Withdrawals

Plus500 supports a variety of deposit and withdrawal methods, including bank transfers, credit/debit cards, and e-wallets. The broker ensures swift and efficient processing of transactions, with minimal fees for withdrawals.

FXTM offers multiple funding options, including bank wire transfers, credit/debit cards, and e-wallets. The broker processes deposits and withdrawals efficiently, with a focus on facilitating quick access to funds for traders.

Account Types and Terms

Plus500 provides a straightforward account setup, with a single account type that caters to both novice and experienced traders. The broker’s approach simplifies the trading process, ensuring a user-friendly experience for all clients.

FXTM offers a range of account types, tailored to different trading styles and experience levels. From standard accounts suitable for beginners to ECN accounts for advanced traders, FXTM provides flexible options to meet various trading needs.

Education

Plus500’s educational offerings are geared towards novice traders, providing a basic understanding of trading principles and the CFD market. The broker’s resources, including guides and FAQs, are useful for those new to trading.

FXTM excels in trader education, offering a comprehensive suite of educational materials. The broker provides webinars, seminars, e-books, and a vast array of online resources, catering to traders at all levels of expertise.