Plus500
FXOpen
Plus500 vs FXOpen
A detailed side-by-side comparison based on our hands-on testing across 8 scoring categories.
Plus500 and FXOpen are both popular choices for forex and CFD traders, but they cater to different needs and experience levels. Plus500, founded in 2008 and headquartered in Haifa, Israel, is regulated by FCA, CySEC, ASIC, MAS and offers spreads starting from 0.8 pips with a minimum deposit of $100. FXOpen, established in 2005 in Christchurch, New Zealand, holds licenses from FCA, ASIC, CySEC with spreads from 0.0 pips and a $1 minimum deposit. In our hands-on testing across 8 scoring categories, Plus500 scored 7.8/10 overall compared to FXOpen's 7.8/10, making it the stronger pick for most traders. That said, FXOpen holds its own with lower trading costs and better trading platforms, so your ideal broker depends on what you prioritize in a trading partner.
Key Differences at a Glance
- 📊
Plus500 scores 7.8/10 overall vs 7.8/10 for FXOpen — a 0.0-point difference.
- 💵
FXOpen requires just $1 to start, while Plus500 needs $100 — FXOpen is 100x more accessible.
- 📈
Plus500 offers 2,800+ instruments vs 600+ at FXOpen — a massive gap in market coverage.
- 🖥️
Plus500 runs on Plus500 WebTrader, Plus500 App, while FXOpen uses MT4, MT5, TickTrader — different ecosystems for different trading styles.
- ⚡
The biggest gap is in Trading Costs: FXOpen scores 8.5 vs 7.5 for Plus500 — a 1.0-point difference.
Our Verdict
Plus500
Score: 7.8/10 · Wins 2 categories- You want access to a wider range of instruments
- Fast and flexible deposits & withdrawals are important
- You prefer Plus500's trading environment overall
FXOpen
Score: 7.8/10 · Wins 4 categories- You want lower spreads and trading fees
- You're a beginner who values learning resources
- You need advanced trading platforms and tools
- You rely on in-depth research and analysis tools
Plus500 takes the lead with an overall score of 7.8/10 compared to 7.8/10, winning in 2 out of 8 scoring categories. Plus500 stands out for smoother deposits & withdrawals and wider product range, while FXOpen fights back with lower trading costs and better trading platforms.
Detailed Verdict
After testing both brokers with real accounts, Plus500 comes out ahead with a 7.8/10 overall rating, winning 2 out of 8 categories. Its strongest area is Regulation & Trust where it scores 9.0/10. Plus500 holds Tier 1 regulation, meaning your funds benefit from top-level investor protection including segregated accounts and compensation schemes. FXOpen is not without merit — it scores 7.8/10 overall and excels in Regulation & Trust (9.0/10), winning 4 categories. Traders who value lower trading costs or better trading platforms may find FXOpen the better fit. For a complete breakdown, read our full Plus500 review and FXOpen review — both include account opening walkthroughs, platform screenshots, and withdrawal test results.
Score Breakdown
FXOpen wins by 1.0 points
FXOpen wins by 1.0 points
FXOpen wins by 1.0 points
FXOpen wins by 0.5 points
Plus500 wins by 1.0 points
Plus500 wins by 0.5 points
Full Feature Comparison
| Feature | ||
|---|---|---|
| Overall Score | 7.8/10 ✓ | 7.8/10 ✓ |
| Min Deposit Lower is better | $100 | $1 ✓ |
| Max Leverage | 1:300 | 1:500 |
| Spreads From | 0.8 pips | 0.0 pips |
| Platforms | Plus500 WebTrader, Plus500 App | MT4, MT5, TickTrader |
| Regulation | FCA, CySEC, ASIC, MAS | FCA, ASIC, CySEC |
| Founded Older track record highlighted | 2008 | 2005 ✓ |
| Markets | 2,800+ ✓ | 600+ |
Fees & Costs
When it comes to trading costs, FXOpen has the edge with a score of 8.5/10 versus 7.5/10 for Plus500. Plus500 offers spreads starting from 0.8 pips, while FXOpen starts from 0.0 pips. The minimum deposit at Plus500 is $100, compared to $1 at FXOpen. Both brokers operate primarily on a spread-based pricing model, though actual costs vary by account type and instrument. For high-volume traders, even small spread differences add up significantly over time, making this an important category to weigh carefully.
Trading Platforms
FXOpen scores 8/10 for platforms compared to 7/10 for Plus500. Plus500 provides Plus500 WebTrader, Plus500 App, while FXOpen offers MT4, MT5, TickTrader. The choice of platform affects your charting, order execution speed, and available technical indicators. Traders who rely on MetaTrader's algorithmic trading capabilities should check which MT4/MT5 features each broker supports, including custom indicators and expert advisors.
Regulation & Safety
Regulation is crucial for fund safety. Plus500 is regulated by FCA, CySEC, ASIC, MAS (Tier 1), while FXOpen holds licenses from FCA, ASIC, CySEC (Tier 1). Plus500 scores 9/10 and FXOpen scores 9/10 in this category. Tier 1 regulators like FCA, ASIC, and CySEC offer the strongest investor protection, including segregated client funds and compensation schemes. Always verify your broker's specific license for your jurisdiction before opening an account.
Education & Research
For learning resources, FXOpen leads with 6.5/10 compared to 5.5/10. Quality education materials can shorten your learning curve significantly. Look for brokers offering structured courses, live webinars, and practice demo accounts. Plus500 and FXOpen both provide demo accounts for risk-free practice, but the depth of educational content varies. Beginners should prioritize this category when choosing between the two.
Customer Support
Plus500 offers 24/7 Live Chat, Email and scores 7/10, while FXOpen provides 24/5 Live Chat, Email with a score of 7/10. Reliable support becomes critical during market volatility or when you encounter account issues. Look for brokers with 24/5 or 24/7 availability, multiple contact channels, and support in your preferred language.
Deposit & Withdrawal
Plus500 scores 8.5/10 for deposits and withdrawals, while FXOpen scores 7.5/10. Plus500 accepts Bank Transfer, Credit Card, PayPal, Skrill, and FXOpen supports Bank Transfer, Credit Card, Skrill, Neteller, Crypto. Processing times, fees, and available currencies vary. Plus500 requires a minimum deposit of $100 versus $1 for FXOpen. Always check withdrawal conditions and any potential fees before funding your account.
Which Broker Is Right for You?
Choose Plus500 if you...
- You want access to a wider range of instruments
- Fast and flexible deposits & withdrawals are important
- You prefer Plus500's trading environment overall
Choose FXOpen if you...
- You want lower spreads and trading fees
- You're a beginner who values learning resources
- You need advanced trading platforms and tools
- You rely on in-depth research and analysis tools
🗳️ Which Broker Do You Prefer?
Cast your vote — see what other traders think
Frequently Asked Questions
Is Plus500 better than FXOpen?
Plus500 scores higher overall (7.8/10 vs 7.8/10), winning 2 of 8 categories. However, FXOpen is stronger in lower trading costs and better trading platforms. The best choice depends on what matters most to your trading style.
Which has lower fees, Plus500 or FXOpen?
FXOpen scores higher for trading costs. Plus500 offers spreads from 0.8 pips with a $100 minimum deposit, while FXOpen starts from 0.0 pips with $1 minimum. Actual trading costs depend on your instrument, volume, and account type.
Is Plus500 safe to trade with?
Plus500 is regulated by FCA, CySEC, ASIC, MAS and scores 9/10 for regulation. FXOpen is regulated by FCA, ASIC, CySEC with a score of 9/10. Both hold recognized licenses, but verify the specific entity covering your region.
Which has better trading platforms, Plus500 or FXOpen?
FXOpen scores 8/10 for platforms. Plus500 offers Plus500 WebTrader, Plus500 App, while FXOpen provides MT4, MT5, TickTrader. Your ideal platform depends on whether you prefer proprietary tools, MetaTrader, or third-party solutions.
What's the minimum deposit for Plus500 vs FXOpen?
Plus500 requires a minimum deposit of $100, while FXOpen requires $1. FXOpen has the lower entry barrier, making it more accessible for beginners or those testing with smaller amounts.
Ready to Start Trading?
Open a free account with either broker and start trading today.