FXCM vs Plus500 for Norway Traders (2026)

When comparing trading costs for Norway traders, Plus500 generally offers lower spreads on major forex pairs, with EUR/USD spreads starting from 0.6 pips compared to FXCM's 0.7 pips. However, FXCM's spreads are variable and can tighten with higher trading volumes, making it cost-effective for active traders. Plus500 charges no commissions but may have overnight funding fees, while FXCM has a transparent fee structure including commissions on certain account types. Norwegian traders trading in small lots will find Plus500 more affordable, while larger-volume traders may negotiate better terms with FXCM. Both brokers provide competitive pricing, but Plus500's fixed spreads offer predictability for budget-conscious traders.

For Norway traders, platform choice is crucial. FXCM offers MetaTrader 4 (MT4) and its proprietary Trading Station, providing advanced charting tools, automated trading via Expert Advisors, and in-depth analysis. This suits traders who want full control. Plus500 uses a proprietary web-based platform known for its simplicity and speed, ideal for beginners or traders who prefer a straightforward experience. Both platforms are available in English, but Plus500 offers a Norwegian language interface, which is a plus for local users. Mobile apps for iOS and Android are excellent on both, with Plus500's app being particularly user-friendly for on-the-go trading.

Execution quality is important for active Norway traders. FXCM uses No Dealing Desk (NDD) execution, providing direct access to liquidity providers with low slippage and re-quotes. Plus500 uses market execution with a straight-through processing (STP) model, offering fast order fills but occasional slippage during volatile markets. Both brokers execute orders within milliseconds, but FXCM's execution may be more transparent for high-frequency traders. Plus500's execution is reliable and suitable for retail traders focusing on major forex pairs.

Both FXCM and Plus500 are regulated by the local Norwegian financial regulator (Finanstilsynet), which means they must comply with strict capital requirements, client fund segregation, and negative balance protection. For Norway traders, this ensures a high level of safety and oversight. FXCM is also regulated by FCA and CySEC, while Plus500 is regulated by FCA, ASIC, and CySEC. This multi-regulation adds an extra layer of security. Norwegian traders can verify their license numbers on the Finanstilsynet's official register. Regulation by the local authority means that any disputes can be handled locally, providing peace of mind.

Norway traders can deposit and withdraw funds easily at both FXCM and Plus500 using Bank Transfer, Skrill, Neteller, and USDT TRC20. Bank Transfers are fee-free but may take 1-3 business days, while Skrill and Neteller are instant and widely used among Norwegian traders. USDT TRC20 is a cryptocurrency option that offers near-instant deposits with very low transaction costs, appealing to tech-savvy traders. Plus500 also supports credit/debit cards, while FXCM provides additional e-wallet options. Withdrawals at both brokers are processed within 24 hours for e-wallets and 1-5 business days for bank transfers. No deposit fees are charged by either broker, but currency conversion from NOK to USD may apply if your account is in USD. Always check with your bank for any incoming wire fees.

Both FXCM and Plus500 offer Islamic (swap-free) accounts for Norwegian Muslim traders who wish to trade in accordance with Sharia law. These accounts do not accrue or pay overnight interest (swap) on positions held beyond the daily rollover. FXCM's Islamic accounts are available on request for all account types, while Plus500 offers swap-free accounts for all clients automatically, with conditions varying by instrument. Norwegian traders should note that holding periods may be limited on certain commodities or indices to prevent abuse. It is recommended to contact each broker's support team to confirm eligibility and terms specific to Norway.

Customer support for Norway traders is available 24/5 from both brokers. FXCM offers multilingual support including English, with no dedicated Norwegian-speaking team but a local phone number. Plus500 provides 24/7 chat support and a comprehensive FAQ, though primarily in English. Both brokers respond quickly via live chat and email. For urgent issues, Plus500's round-the-clock chat is a minor advantage. However, FXCM's personalized account managers for higher-tier accounts may benefit Norwegian traders who prefer direct contact.