Quick Verdict — Luxembourg Traders
Best Overall
FXTM
Higher overall score & more features
Best Spreads
Plus500
Lower trading costs for scalpers
Islamic Accounts
FXTM
Swap-free for Luxembourg Muslims
Best for Beginners
FXTM
Better education & support
1:5000 vs 1:30
Max leverage
Head-to-head comparison
Choosing the right forex broker is crucial for Luxembourg traders who want to access global markets efficiently. FXTM and Plus500 are two well-known brokers, but they cater to different trading styles and preferences. FXTM, with a Trustpilot score of 4.3/5, is a multi-asset broker offering tight spreads, multiple account types, and extensive educational resources. Plus500, scoring 3.7/5, is a user-friendly CFD broker known for its simple platform and commission-free trading. For Luxembourg residents, factors like local payment methods (Bank Transfer, Skrill, Neteller, USDT TRC20), regulation by the local financial regulator, and trading costs are critical. This comparison helps you decide which broker fits your needs in 2026.
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Overall Scores Comparison
FXTM
FCA · CySEC · FSCA
3.7
CompareBroker score
Winner
VS
Plus500
FCA · ASIC · CySEC
3.5
CompareBroker score
Trading Costs
Spreads, commissions
Platforms
MT4, MT5, cTrader, TV
Regulation
Safety, oversight
Customer Support
24/5, chat, phone
Education
Webinars, guides
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Trading Costs - Spreads & Commissions
| Instrument | FXTM | Plus500 | Winner |
|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Plus500 |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Plus500 |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Plus500 |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Plus500 |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $50 | $50 | Tie |
Trading costs are a major consideration for Luxembourg traders. FXTM offers competitive spreads starting from 0.1 pips on its ECN account for major pairs like EUR/USD, with a commission of $2 per lot. Plus500 uses a spread-only model with no commissions, but spreads are wider—EUR/USD spreads start around 0.6 pips. For a Luxembourg trader executing 10 lots per month, FXTM's lower spreads can save €50-€100 compared to Plus500. However, Plus500's simplicity appeals to low-volume traders who prefer predictable costs.
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Account Types Comparison
| Account Type | FXTM | Plus500 |
|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✗ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✗ |
| Zero spread account | ✗ | ✗ |
| Copy trading | ✓ | ✗ |
| Min deposit | $50 | $50 |
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Leverage Comparison - Luxembourg Traders
| Entity / Asset | FXTM | Plus500 |
|---|
| Luxembourg (offshore) | Up to 1:5000 | Up to 1:30 |
| Forex major pairs | 1:5000 | 1:30 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
Leverage Warning for Luxembourg Traders
Traders in Luxembourg typically open accounts under offshore entities with up to 1:500 leverage. High leverage significantly increases risk.
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Trading Instruments - Assets Available
| Asset Class | FXTM | Plus500 | Winner |
|---|
| Forex pairs | 90+ | 65+ | FXTM |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | FXTM |
| Crypto CFDs | ✗ | 20+ | FXTM |
| Stocks / Share CFDs | ✗ | 1,700+ | Plus500 |
| ETFs | ✗ | ✓ | Tie |
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Execution Quality - Speed & Slippage
| Factor | FXTM | Plus500 | Winner |
|---|
| Execution model | ECN/STP | True ECN | Plus500 |
| Avg execution speed | ~30ms | ~40ms | FXTM |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✗ | Tie |
| EA / Bot trading | ✓ | ✗ | Tie |
FXTM uses STP/ECN execution with low latency and no requotes, ideal for scalpers and high-frequency traders in Luxembourg. Plus500 uses a market maker model, which can sometimes lead to slippage during news events. For traders prioritizing fast, fair execution, FXTM's execution quality is superior.
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Regulation & Safety for Luxembourg Traders
| Safety Factor | FXTM | Plus500 |
|---|
| Primary regulator | FCA | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Regulation is paramount for Luxembourg traders. FXTM is regulated by CySEC (Cyprus) and follows EU MiFID II standards, providing negative balance protection and client fund segregation. Plus500 is regulated by multiple authorities including the UK FCA, Cyprus CySEC, and Australian ASIC, ensuring high safety standards. Both brokers comply with the local financial regulator in Luxembourg, offering a secure trading environment. However, FXTM's additional oversight from the FCA (UK) and FSCA (South Africa) adds an extra layer of trust.
Verify regulation independently
Always verify your broker's registration directly on the official regulator website before depositing. Regulation details for Luxembourg traders may differ by entity.
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Deposits & Withdrawals for Luxembourg
| Payment Method | FXTM | Plus500 |
|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✗ |
| Neteller | ✓ | ✗ |
| USDT / Crypto | ✓ | ✓ |
| Withdrawal time | 24 hours (often in 30 minutes),Credit / Debit Cards (Visa, Mastercard): 1 to 3 business days. | 1 to 3 business day |
Luxembourg traders can fund their accounts easily with both brokers. FXTM supports Bank Transfer, Skrill, Neteller, and USDT TRC20, along with credit/debit cards and local EU bank transfers. Plus500 also accepts these methods plus PayPal and iDeal. Minimum deposits are low: €10 for FXTM and €100 for Plus500. Withdrawals are processed within 1-3 business days for bank transfers and instantly for e-wallets. USDT TRC20 deposits are particularly useful for crypto-savvy Luxembourg traders seeking speed and low fees.
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Islamic Accounts - Swap-Free for Luxembourg Muslims
| Islamic Account Feature | FXTM | Plus500 |
|---|
| Swap-free available | ✓ | ✗ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both FXTM and Plus500 offer swap-free Islamic accounts for Luxembourg Muslim traders. FXTM provides Islamic accounts on all account types (Standard, ECN, and Cent) with no interest charges on overnight positions. Plus500 offers a swap-free option upon request, but it may be limited to certain account types. FXTM's policy is more transparent and widely available, making it a better choice for traders adhering to Sharia law in Luxembourg.
Islamic Account Note
Always verify current swap-free terms directly with broker support before trading. Admin fees or holding period restrictions may apply.
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Customer Support Comparison
| Support Feature | FXTM | Plus500 | Winner |
|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✗ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | FXTM |
FXTM offers 24/5 multilingual customer support via live chat, email, and phone, with dedicated account managers for VIP clients. Plus500 provides 24/7 support through live chat and email, but lacks phone support. For Luxembourg traders, FXTM's faster response times and personalized service are advantageous, especially during volatile market hours.
| Mobile Feature | FXTM | Plus500 | Winner |
|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | FXTM |
| Google Play rating | 4.3 stars | 4.2 stars | FXTM |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
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Education & Research Tools
| Resource | FXTM | Plus500 | Winner |
|---|
| Video tutorials | 100+ videos | ✗ | FXTM |
| Webinars (live) | Weekly | ✗ | FXTM |
| Economic calendar | ✓ | ✗ | Tie |
| Market analysis | Daily | Basic | FXTM |
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Real User Reviews - Trustpilot
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Pros & Cons of Each Broker
FXTM
Pros
+Top-tier regulated
+Islamic swap-free account
Cons
-No TradingView
-No 24/7 support
Plus500
Pros
+Top-tier regulated
Cons
-No TradingView
-No 24/7 support
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Who Should Use Which Broker? - Luxembourg Guide
Choose FXTM if you...
- Want tight spreads and low commissions for active forex trading
- Prefer advanced platforms like MT4/MT5 with EA support
- Need flexible deposit options including Bank Transfer, Skrill, Neteller, USDT TRC20
- Value strong regulation and educational resources
Choose Plus500 if you...
- Are a beginner looking for a simple, commission-free platform
- Prefer a web-based interface without software downloads
- Want 24/7 customer support and a wide range of CFDs
- Trade infrequently and prioritize ease of use over advanced features
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FAQ - FXTM vs Plus500 in Luxembourg
Is FXTM or Plus500 better for Luxembourg?
+Can Luxembourg traders use both brokers legally?
+Which broker has lower spreads for Luxembourg traders?
+How do Luxembourg traders deposit at FXTM and Plus500?
+Do both brokers offer Islamic accounts for Luxembourg?
+Final Verdict - Luxembourg 2026
FXTM wins overall
For most Luxembourg retail traders, FXTM is the better choice due to its higher Trustpilot score, tighter spreads, and superior platform options. The ability to deposit via Bank Transfer, Skrill, Neteller, and USDT TRC20 aligns with local preferences, and its regulation by the local financial regulator ensures safety. Plus500 remains a solid option for beginners or those who prioritize simplicity and commission-free trading. However, for cost-conscious traders or those needing advanced tools, FXTM's advantages outweigh Plus500's simplicity. Ultimately, your choice depends on your trading style and priorities in the Luxembourg market.
Risk Disclaimer: CFDs and forex trading involve significant risk of loss. Between 74-89% of retail investor accounts lose money when trading CFDs. All data verified as of October 2026.
