FP Marketsvs
Plus500Forex Broker Comparison
In this comparison, FP Markets and Plus500 contend on trust, cost structures, and platform breadth. The matchup highlights raw pricing versus a user-friendly proprietary platform.
Our Verdict
FP Markets winsby 0.5 pts
FP Markets edges Plus500 based on its higher editorial score and broader platform options, including MT4/MT5 and cTrader with true ECN pricing.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1MT4/MT5 and cTrader supported on FP Markets.
- 2FP Markets provides true ECN pricing with $6/lot.
- 3Plus500 uses a proprietary platform with zero commissions.
Who should choose FP Markets vs Plus500?
Find out which broker best suits your trader profile.
Choose FP Markets if…
Choose FP Markets if you need MT4/MT5 and cTrader support. You also get true ECN pricing with a $6/lot and up to 500:1 leverage.
Choose Plus500 if…
Choose Plus500 if you want a proprietary platform with zero commissions. You access broad regulation and investor protection, though MT4/MT5 are not available.
Verdict by Trader Profile
Which broker wins for each type of trader, based on costs, safety, platforms, and editorial scoring.
Best for low cost trading
Recommended
FP Markets offers tighter spreads from 0.00 pips vs 0.60 pips for Plus500, reducing trading costs.
Best for safety & regulation
FP Markets vs Plus500: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.5/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.6 / 5▲ | 4.2 / 5 |
FP Markets vs Plus500 Forex Broker Pros & Cons
Pros
True ECN pricing from 0.0 pips + $6 round-turn commission
Supports MT4, MT5, and cTrader, all three major platforms
IRESS platform for direct-access share CFD trading
Strong ASIC and CySEC regulation
Client funds held in segregated accounts
FP Markets vs Plus500: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
5
FP Markets
criteria wins
1
Plus500
criteria win
Highlighted rows show where the two brokers differ
| Criteria | FP Markets | Plus500 |
|---|---|---|
| Trust & Regulation | ||
| Top-tier regulator (FCA, ASIC, CFTC, etc.) | Pass | Pass |
| Segregated client funds | Pass | Pass |
| Negative balance protection | Pass | Pass |
| Compensation scheme (e.g. FSCS) | Pass | Pass |
| Fees & Spreads | ||
| Raw/ECN spreads available | Pass | Fail |
| No deposit fee | Pass | Pass |
| No inactivity fee | Pass | Fail |
| Transparent pricing page | Pass | Pass |
| Platforms & Tools | ||
| MT4/MT5 available | Pass | Fail |
| Proprietary platform | Fail | Pass |
| Mobile app | Pass | Pass |
| Advanced charting tools | Pass | Fail |
| Customer Support | ||
| 24/5 live chat | Pass | Pass |
| Phone support | Pass | Fail |
| Multilingual support | Pass | Pass |
FP Markets vs Plus500: Frequently Asked Questions
FP Markets rates 4.5/5 versus 4/5 for Plus500. FP Markets edges ahead on our composite score, though both brokers meet a reasonable standard for most traders.
FP Markets starts from 0 pips, tighter than Plus500's 0.6 pips. Tighter spreads lower the cost per trade, which matters most for high-frequency and scalping strategies.
Both FP Markets and Plus500 require a minimum deposit of $100 to open a live trading account.
Both FP Markets and Plus500 hold licences from top-tier regulators, indicating a high standard of regulatory oversight. Check each broker's specific regulatory bodies to confirm coverage in your jurisdiction.
For beginners, both brokers provide negative balance protection. Also compare demo account availability and educational resources on each broker's site before deciding.
FP Markets lists maximum leverage of 500:1, while Plus500 lists up to 30:1. Available leverage depends on your jurisdiction. EU retail clients under ESMA rules are capped at 1:30 on major forex pairs.
FP Markets charges $6 per lot on commission-based accounts. Commission details for Plus500 are not currently available. Check their website for up-to-date pricing.
FP Markets supports cTrader, IRESS, MetaTrader 5, TradingView, MetaTrader 4, while Plus500 supports Proprietary Web/Mobile. FP Markets has exclusive access to cTrader and IRESS and MetaTrader 5 and TradingView and MetaTrader 4. Plus500 has exclusive access to Proprietary Web/Mobile.
