Quick Verdict — United States Traders
Best Overall
FXTM
Higher overall score & more features
Best Spreads
Plus500
Lower trading costs for scalpers
Islamic Accounts
FXTM
Swap-free for United States Muslims
Best for Beginners
FXTM
Better education & support
1:5000 vs 1:30
Max leverage
Head-to-head comparison
Choosing between FXTM and Plus500 as a United States trader means navigating strict NFA/CFTC regulations while seeking competitive trading conditions. FXTM, with a 4.3/5 rating, stands out for its advanced MetaTrader platforms, low spreads, and extensive educational resources tailored to US clients. Plus500, rated 3.7/5, offers a user-friendly web-based platform focused on CFDs, but its higher spreads and limited account flexibility may deter serious traders. Both brokers accept US residents through Bank Wire, ACH, and Credit Card deposits, but FXTM provides more tools for active trading, including raw spreads from 0.1 pips. This comparison examines key factors like costs, regulation, and local payment methods to help you decide based on your trading style and goals in the US market.
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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 United States traders, trading costs directly impact profitability. FXTM offers raw spreads from 0.1 pips on major pairs with a low commission, ideal for scalpers and high-volume traders. Plus500’s spreads are wider, averaging 0.6–1.2 pips without commission, which can be more expensive for frequent trades. Over 100 lots per month, FXTM can save hundreds of dollars in spread costs. Both brokers are NFA/CFTC compliant, but FXTM’s cost structure is more favorable for active US traders.
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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 - United States Traders
| Entity / Asset | FXTM | Plus500 |
|---|
| United States (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 United States Traders
Traders in United States 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/NDD execution with low latency, ideal for US traders needing fast fills during high volatility. Plus500 uses market maker execution, which can lead to requotes or slippage. FXTM’s execution is more reliable for day traders and scalpers.
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Regulation & Safety for United States Traders
| Safety Factor | FXTM | Plus500 |
|---|
| Primary regulator | FCA | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
Both FXTM and Plus500 are regulated by the NFA and CFTC, ensuring strict oversight for United States traders. This means segregation of client funds, negative balance protection, and adherence to leverage limits (e.g., 1:50 for forex majors). FXTM holds multiple international licenses, adding an extra layer of security, while Plus500 is listed on the London Stock Exchange. US traders can trust both, but FXTM’s longer track record in the US market offers more confidence.
Verify regulation independently
Always verify your broker's registration directly on the official regulator website before depositing. Regulation details for United States traders may differ by entity.
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Deposits & Withdrawals for United States
| 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 |
United States traders can fund accounts via Bank Wire, ACH, and Credit Card at both brokers. FXTM processes ACH deposits instantly with no fee, while Plus500 may charge up to 1% for credit card deposits. Withdrawals at FXTM via Bank Wire are free and take 1–2 business days; Plus500 charges a $10 fee for wire withdrawals and takes 2–3 days. For US traders needing fast, low-cost access to funds, FXTM’s deposit/withdrawal process is more efficient. Both support USD accounts.
☪️
Islamic Accounts - Swap-Free for United States 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 |
FXTM offers Islamic (swap-free) accounts for eligible United States Muslim traders, subject to NFA/CFTC approval. These accounts remove overnight interest on positions, aligning with Sharia law. Plus500 does not provide Islamic accounts for US residents, making FXTM the only option for those requiring swap-free trading. US traders must apply with proof of eligibility, and FXTM processes requests promptly.
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 support via live chat, email, and phone, with dedicated US phone lines. Plus500 provides 24/7 chat and email support but no phone support for US clients. For urgent issues, FXTM’s direct phone access is a clear advantage for United States traders.
| 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? - United States Guide
Choose FXTM if you...
- Are an active US trader needing low spreads and fast execution.
- Prefer MetaTrader 4/5 platforms with advanced tools.
- Want Islamic accounts or swap-free trading.
- Value phone support and faster withdrawals via Bank Wire/ACH.
Choose Plus500 if you...
- Are a beginner looking for a simple, web-based platform.
- Trade CFDs on stocks, indices, or cryptocurrencies.
- Prefer no-commission trading with fixed spreads.
- Don’t need advanced analysis or automated trading.
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FAQ - FXTM vs Plus500 in United States
Is FXTM or Plus500 better for United States?
+Can United States traders use both brokers legally?
+Which broker has lower spreads for United States traders?
+How do United States traders deposit at FXTM and Plus500?
+Do both brokers offer Islamic accounts for United States?
+Final Verdict - United States 2026
FXTM wins overall
For United States traders under NFA/CFTC oversight, FXTM is the clear winner with a 4.3/5 rating versus Plus500’s 3.7/5. FXTM offers lower spreads, superior platforms (MetaTrader), faster deposit/withdrawal via ACH and Bank Wire, and support for Islamic accounts. Plus500 is adequate for casual CFD traders but falls short on costs and account flexibility. If you prioritize cost-efficiency and advanced tools in the US market, choose FXTM. For simple CFD trading, Plus500 may suffice, but FXTM delivers better overall value for regulated US traders.
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.
