FXCM vs Plus500 (2026): regulation, platforms and costs compared

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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan

FXCM

Trust rank #9 · Founded 1999

FXCM is a well-regarded forex broker that provides access to currency pairs on proprietary and third-party trading platforms, with market research, education, and risk management tools. It operates through regulated entities.

Read the FXCM review

Plus500

Trust rank #3 · Editorial rating 10 / 10 · Founded 2008

Plus500 is a regulated forex and CFD broker offering broad access to currency pairs and other markets on a proprietary web and mobile platform. It provides built-in charting, order types, and risk…

Read the Plus500 review

FXCM (United Kingdom, founded 1999) holds 4 regulatory licences (ASIC, CySEC, FCA, FSCA), 2 of them tier-1, offers MT4, Proprietary, TradingView and sits in our low-fee bracket. Plus500 (Israel, founded 2008) holds 11 regulatory licences (ASIC, CFTC, CySEC, DFSA, FCA…), 6 of them tier-1, offers Proprietary and sits in our low-fee bracket. The two overlap in 226 countries; FXCM is available in 0 countries where Plus500 is not, and Plus500 in 5 where FXCM is not.

Verdict at a glance

  • FXCM leads on track record and platform choice.
  • Plus500 leads on trust rank, regulatory coverage, instrument range, country coverage and tier-1 licences.
  • Level on fee level.

Scored on 8 measurable dimensions where both brokers have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.

FXCM vs Plus500: side-by-side data

CriteriaFXCMPlus500
Editorial ratingNot verified10 / 10
Trust rank#9#3
Founded19992008
HeadquartersUnited KingdomIsrael
RegulatorsASIC, CySEC, FCA, FSCAASIC, CFTC, CySEC, DFSA, FCA, FMA, FSA Seychelles, FSCA, ISA, MAS, NFA
Broker typeSTPMarket Maker
PlatformsMT4, Proprietary, TradingViewProprietary
InstrumentsCommodities, Cryptocurrencies, Forex, IndicesCommodities, Cryptocurrencies, Forex, Indices, Metals
Countries accepted226 countries231 countries
Fee levelLowLow
Trading typesCFD Trading, Spot TradingCFD Trading, Spot Trading
Best-for use casesProfessional Trading, Retail TradingProfessional Trading, Retail Trading

Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that broker — we never fill gaps with estimates.

Pros

FXCM

  • FCA- and ASIC-regulated; segregated client funds
  • NDD/STP agency execution; deep liquidity
  • Trading Station and MT4; advanced charting and order types
  • REST/FIX APIs and Python SDK; VPS support for algos
  • Broad instrument range: FX, indices, commodities, crypto CFDs

Plus500

  • Multi-jurisdiction regulation and segregated client funds
  • Commission-free FX trading with competitive spreads
  • Negative balance protection and advanced risk tools
  • Intuitive WebTrader and mobile apps
  • Broad FX pair selection

Cons

FXCM

  • Not available to U.S. clients
  • Inactivity fee
  • Limited product range
  • Best pricing requires high balance/volume
  • Offshore unregulated entity exposure

Plus500

  • Market-maker execution (no ECN/STP/DMA)
  • Proprietary platform only (no MetaTrader/cTrader)
  • No algorithmic/API trading support
  • No commission-based raw-spread accounts
  • Inactivity fee after inactivity

Key features

FXCM

  • STP No Dealing Desk Forex Execution
  • Multi Asset Forex and CFD Trading
  • Trading Station MetaTrader 4 NinjaTrader and TradingView Integration
  • REST and FIX API and VPS for Algorithmic Trading
  • FCA ASIC and FSCA Regulation with Segregated Funds and Negative Balance Protection
  • Active Trader Account with Volume Based Pricing

Plus500

  • Multi asset CFD trading Forex Indices Commodities Shares ETFs Options and Crypto
  • Proprietary WebTrader platform on web and mobile advanced charting alerts and sentiment
  • Top tier regulation segregated client funds and FTSE 250 listed parent company
  • Risk management Guaranteed Stop Orders Trailing Stops and Negative Balance Protection
  • Commission free spread only pricing with overnight funding and conversion fees
  • Free unlimited demo account and 24 7 multilingual support

Country availability: FXCM vs Plus500

Available at both (226): Afghanistan, Albania, Algeria, American Samoa, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Barbados, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Burkina Faso, Burundi, Cabo Verde, Cambodia, Cameroon, Cayman Islands, Central African Republic, Chad, Chile, China, Christmas Island and 186 more.

Only Plus500 (5): Canada, Hong Kong, India, Japan, United States of America.

Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.

FXCM vs Plus500: common questions

Which broker is more regulated, FXCM or Plus500?

Plus500 holds more regulatory licences: FXCM (ASIC, CySEC, FCA, FSCA) versus Plus500 (ASIC, CFTC, CySEC, DFSA, FCA, FMA, FSA Seychelles, FSCA, ISA, MAS, NFA). Tier-1 licences: FXCM 2, Plus500 6.

Which trading platforms do FXCM and Plus500 offer?

FXCM offers MT4, Proprietary, TradingView; Plus500 offers Proprietary.

Which has lower fees, FXCM or Plus500?

Both sit in the same fee bracket (low) in our catalogue; compare the spreads and commission rows above for detail.

Which is older, FXCM or Plus500?

FXCM is the older of the two, founded in 1999; Plus500 was founded in 2008.

Are FXCM and Plus500 available in the same countries?

They overlap in 226 countries. FXCM is additionally available in 0 countries () and Plus500 in 5 countries (Canada, Hong Kong, India, Japan, United States of America).

Keep comparing

FXCM

Plus500

Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.