Quick Verdict — Malta Traders
Best Overall
FXTM
Higher overall score & more features
Best Spreads
Plus500
Lower trading costs for scalpers
Islamic Accounts
FXTM
Swap-free for Malta Muslims
Best for Beginners
FXTM
Better education & support
1:5000 vs 1:30
Max leverage
Head-to-head comparison
When choosing a forex broker in Malta, traders often compare FXTM and Plus500 due to their strong reputations and local accessibility. FXTM, with a score of 4.3/5, is a well-established broker known for its flexible account types, educational resources, and competitive spreads. Plus500, scoring 3.7/5, is a popular CFD broker offering a simple, user-friendly platform for trading forex, indices, and commodities. For Malta traders, both brokers accept local payment methods including Bank Transfer, Skrill, Neteller, and USDT TRC20, making deposits and withdrawals convenient. Additionally, both are regulated by reputable authorities, ensuring a safe trading environment. However, FXTM offers more advanced trading tools and lower spreads, making it a stronger choice for active retail traders. This comparison will help you decide which broker aligns best with your trading style and local needs in Malta.
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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 |
For Malta traders, trading costs are a critical factor. FXTM offers lower spreads starting from 0.1 pips on its ECN accounts, while Plus500 has variable spreads that can be wider, especially during news events. For example, on EUR/USD, FXTM's average spread is around 0.5 pips, whereas Plus500's can exceed 1 pip. Over high-volume trading, FXTM saves Malta traders significantly on costs. Additionally, FXTM charges no commission on its Standard account, while Plus500 includes spreads only. For active traders in Malta, FXTM is more cost-effective.
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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 - Malta Traders
| Entity / Asset | FXTM | Plus500 |
|---|
| Malta (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 Malta Traders
Traders in Malta 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 offers fast execution with no requotes on its ECN accounts, ideal for Malta traders who need precision. Plus500 uses a market maker model, which can lead to slippage during volatile markets. For scalpers and day traders in Malta, FXTM provides superior execution quality with minimal delays.
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Regulation & Safety for Malta Traders
| Safety Factor | FXTM | Plus500 |
|---|
| Primary regulator | FCA | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
FXTM is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Conduct Authority (FCA), while Plus500 is regulated by the FCA and the Australian Securities and Investments Commission (ASIC). Both brokers comply with EU regulations, offering Malta traders protection through negative balance protection and segregated accounts. FXTM's regulation under CySEC ensures adherence to MiFID II standards, which is beneficial for Malta traders. Plus500's FCA regulation provides additional security, but FXTM's multi-regulatory oversight offers broader protection.
Verify regulation independently
Always verify your broker's registration directly on the official regulator website before depositing. Regulation details for Malta traders may differ by entity.
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Deposits & Withdrawals for Malta
| 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 |
Malta traders can deposit and withdraw funds easily at both FXTM and Plus500 using local payment methods: Bank Transfer, Skrill, Neteller, and USDT TRC20. FXTM also supports credit/debit cards and local bank transfers, while Plus500 focuses on e-wallets and cards. Deposits are instant for e-wallets and USDT, while bank transfers take 1-3 business days. FXTM offers more flexibility with multiple account currencies, including USD, which is the base currency for this comparison. Withdrawals are processed quickly, with e-wallet withdrawals often completed within 24 hours at both brokers. For Malta traders, FXTM's wider range of local payment options makes it more convenient.
☪️
Islamic Accounts - Swap-Free for Malta 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 |
For Muslim traders in Malta, FXTM offers Islamic accounts (swap-free) on most account types, including Standard and ECN, with no swap fees on overnight positions. Plus500 also offers Islamic accounts, but they are available only upon request and may have restrictions on certain instruments. FXTM's Islamic accounts are more accessible and transparent, making it the preferred choice for Malta's Muslim trading community. Both brokers comply with Sharia law by not charging or paying interest on overnight positions.
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 customer support via live chat, email, and phone, with dedicated support for Malta traders in English. Plus500 provides 24/7 live chat and email support, but phone support is limited. FXTM's support is more responsive and personalized, making it better for Malta traders who need assistance with trading issues or account queries.
| 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? - Malta Guide
Choose FXTM if you...
- Want lower spreads and more cost-effective trading, especially on major forex pairs.
- Need advanced trading platforms like MT4/MT5 with custom indicators and automated trading.
- Prefer a wider range of local payment methods including Bank Transfer, Skrill, Neteller, and USDT TRC20.
- Are a Muslim trader in Malta seeking an accessible Islamic account with no swap fees.
Choose Plus500 if you...
- Want a simple, user-friendly platform for trading CFDs on forex, indices, and commodities.
- Are a beginner trader who values ease of use over advanced features.
- Prefer 24/7 customer support and a well-known brand with strong FCA regulation.
- Trade infrequently and don't need the lowest spreads or advanced tools.
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FAQ - FXTM vs Plus500 in Malta
Is FXTM or Plus500 better for Malta?
+Can Malta traders use both brokers legally?
+Which broker has lower spreads for Malta traders?
+How do Malta traders deposit at FXTM and Plus500?
+Do both brokers offer Islamic accounts for Malta?
+Final Verdict - Malta 2026
FXTM wins overall
For Malta traders, FXTM is the clear winner due to its higher score (4.3 vs 3.7), lower spreads, advanced platforms, and better support for local payment methods like Bank Transfer, Skrill, Neteller, and USDT TRC20. Plus500 is a solid alternative for beginners or those who prefer simplicity, but FXTM offers more value for active retail traders. With regulation from CySEC and FCA, FXTM ensures a safe trading environment for Malta clients. If you're a Malta trader looking for a reliable, cost-effective broker with great local features, FXTM is the better choice.
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.
