FXOpenvs
Plus500Forex Broker Comparison
Two brokers contrast on regulation, costs, and platforms. FXOpen offers triple regulation and MT4/MT5 with ECN pricing, while Plus500 uses a proprietary platform with zero commissions.
Our Verdict
FXOpen winsby 0.2 pts
FXOpen edges Plus500 on the editorial score, supported by MT4/MT5 and cTrader with triple FCA, CySEC, and ASIC regulation, while Plus500 operates a proprietary platform.
No commercial relationship. The verdict and scores are entirely editorial. No payment influences this comparison.
Key Differences
- 1FXOpen offers MT4/MT5 and cTrader; Plus500 uses a proprietary platform.
- 2FXOpen provides raw spreads with a $3/lot ECN commission.
- 3Plus500 imposes an inactivity fee.
Who should choose FXOpen vs Plus500?
Find out which broker best suits your trader profile.
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
FXOpen offers tighter spreads from 0.00 pips vs 0.60 pips for Plus500, reducing trading costs.
Best for safety & regulation
It’s a tie
Both equally suited
FXOpen vs Plus500: Side-by-Side Forex Broker Comparison
Score
= highlighted score shows which broker leads in that category| Editorial score | 4.2/ 5 | 4.0/ 5 |
|---|---|---|
| Score Breakdown | ||
Trust & Regulation 40% weight | 4.5 / 5▲ | 4.2 / 5 |
FXOpen vs Plus500 Forex Broker Pros & Cons
Pros
FCA, CySEC, and ASIC triple regulation
$3 round-turn ECN commission, one of the lowest in retail forex
Early cTrader adopter with mature integration
MT4, MT5, and cTrader all available
Client funds held in segregated accounts
FXOpen vs Plus500: Detailed Category Breakdown
A closer look at the specific criteria each broker meets or misses within each scoring category.
4
FXOpen
criteria wins
1
Plus500
criteria win
Highlighted rows show where the two brokers differ
| Criteria | FXOpen | 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 | Fail | Fail |
| Multilingual support | Pass | Pass |
FXOpen vs Plus500: Frequently Asked Questions
The scores are close: FXOpen rates 4.2/5 and Plus500 rates 4/5. FXOpen has a marginal edge in our scoring, but the difference is small enough that your specific priorities — fees, platforms, or regulatory jurisdiction — should guide the final choice.
FXOpen 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 FXOpen and Plus500 require a minimum deposit of $100 to open a live trading account.
Both FXOpen 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.
FXOpen 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.
FXOpen charges $3 per lot on commission-based accounts. Commission details for Plus500 are not currently available. Check their website for up-to-date pricing.
FXOpen supports cTrader, MetaTrader 5, MetaTrader 4, while Plus500 supports Proprietary Web/Mobile. FXOpen has exclusive access to cTrader and MetaTrader 5 and MetaTrader 4. Plus500 has exclusive access to Proprietary Web/Mobile.
