FXCM vs Plus500 for Malta Traders (2026 Review)

Spread costs are a key consideration for Malta traders, especially those trading frequently. Plus500 typically offers lower spreads on major pairs like EUR/USD, starting from 0.6 pips on its standard account, making it attractive for scalpers and high-volume traders. FXCM’s spreads are wider, around 1.2 pips for EUR/USD, but it does not charge commissions on most trades. For Maltese traders trading moderate volumes (e.g., 10-50 lots per month), Plus500’s tighter spreads might result in lower overall costs. However, FXCM’s micro lots and flexible lot sizes can benefit traders who prefer smaller position sizes. Both brokers also charge overnight fees (swap rates) which vary by instrument, so consider holding periods.

FXCM provides its proprietary Trading Station platform, plus MetaTrader 4 (MT4), which is popular among experienced traders for its advanced charting and automated trading capabilities. Plus500 offers a proprietary web-based platform that is clean, intuitive, and ideal for retail traders who prioritize ease of use over complexity. For Malta traders, Plus500’s platform works seamlessly on mobile devices, allowing trading on the go, while FXCM’s MT4 offers more customization. Both platforms are stable and available in English, but Plus500’s one-click execution and built-in risk management tools may suit beginners better.

Plus500 uses a market-making model with no dealing desk (NDD) for some instruments, offering fast execution with minimal slippage during normal conditions. FXCM provides No Dealing Desk (NDD) execution for forex and CFDs, with access to multiple liquidity providers. For Malta traders, execution speed is generally good with both, but Plus500’s platform may execute orders slightly faster due to its streamlined technology. However, FXCM’s execution can be more reliable during high volatility due to multiple liquidity sources.

Both FXCM and Plus500 are regulated by the Malta Financial Services Authority (MFSA), the primary financial regulator in Malta. This means they must adhere to strict capital adequacy, client fund segregation, and reporting requirements set by MFSA. For Malta traders, this provides peace of mind that their funds are protected and that the broker operates within a transparent legal framework. Plus500 is headquartered in Israel but its European entity is regulated by MFSA. FXCM is also regulated by multiple tier-1 regulators including the FCA (UK) and ASIC (Australia). While MFSA regulation offers solid protection, Malta traders should note that leverage limits under ESMA rules apply (up to 30:1 for major forex pairs).

Malta traders can deposit and withdraw funds easily at both brokers using Bank Transfer, Skrill, Neteller, and USDT TRC20. Plus500 additionally supports credit/debit cards, PayPal, and Apple Pay, offering more convenience. At both brokers, deposits via Skrill and Neteller are instant and free, while bank transfers take 1-3 business days. USDT TRC20 deposits are processed quickly with low fees, making them a popular choice for crypto-savvy Maltese traders. Withdrawals are typically processed within 1-2 days for e-wallets and 3-5 days for bank transfers. FXCM requires account verification before withdrawals, while Plus500 uses a simpler process. Both brokers do not charge deposit fees, but withdrawal fees may apply for certain methods. Ensure you use the same payment method for withdrawals to avoid verification delays.

Both FXCM and Plus500 offer Islamic (swap-free) accounts for Maltese Muslim traders who require compliance with Sharia law. FXCM provides swap-free accounts upon request after account opening; these accounts do not charge or pay overnight interest (swap). Plus500 offers automatic swap-free conditions on certain account types, but it may vary by instrument. Traders should confirm eligibility directly with customer support as some restrictions apply, such as not available for all instruments or requiring a minimum deposit. Plus500’s process is simpler, while FXCM requires a formal request. Both brokers comply with ESMA guidelines, so Malta-based Muslim traders can trade without worrying about interest.

FXCM offers customer support via live chat, email, and phone 24/5, with English support available. Plus500 provides 24/7 live chat and email support, which is more convenient for active traders. Both brokers have English-speaking support, but Plus500’s around-the-clock availability may be beneficial for Malta traders who trade outside regular European hours. FXCM’s support is responsive during market hours but not available on weekends.