FreshForex
Plus500
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Overview
FreshForex was founded in 2004 and is headquartered in Russia, while Plus500 was established in 2008 and is based in Israel. FreshForex holds licences including SVGFSA 20623 IBC 2012, while Plus500 is regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909) among others. FreshForex serves 710,000+ clients worldwide; Plus500 has 1,000,000+. The minimum deposit is $1 at FreshForex and $100 at Plus500.
| Feature | FreshForex | Plus500 |
|---|---|---|
| Min. Deposit | $1 | $100 |
| Regulation | SVGFSA 20623 IBC 2012 | Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546 |
| Founded | 2004 | 2008 |
| Country | Russia | Israel |
| Clients | 710,000+ | 1,000,000+ |
Fees
Fees are a critical factor when choosing between FreshForex and Plus500, directly affecting your bottom line as a trader. FreshForex has a lower barrier to entry with a minimum deposit of $1 (vs $100 at Plus500). Neither broker charges withdrawal fees. Plus500 applies inactivity fees on dormant accounts; FreshForex does not. Overall, FreshForex scores higher on fees in our assessment.
| Feature | FreshForex | Plus500 |
|---|---|---|
| Min. Deposit | $1 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | Yes | No |
Platforms
FreshForex offers MT4, MT5, a proprietary platform, while Plus500 supports MT4, MT5, cTrader. Both brokers support copy or social trading, catering to less hands-on investors. Plus500 edges ahead on platform breadth and functionality in our scoring.
| Feature | FreshForex | Plus500 |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | No | Yes |
| Windows App | Yes | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | MT4, MT5, Windows, MAC, Linux | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how FreshForex and Plus500 compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Plus500 integrates third-party research tools (Trading Central, Autochartist); FreshForex does not. Archived webinars are available at both brokers for self-paced learning. Plus500 scores higher overall in education and research.
| Feature | FreshForex | Plus500 |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. FreshForex accepts 4 of the tracked payment methods (bank transfer, credit/debit card, Skrill, Neteller), while Plus500 supports 4 (bank transfer, credit/debit card, PayPal, Skrill). FreshForex uniquely supports Neteller among the two brokers. Plus500 uniquely supports PayPal among the two brokers. Plus500 scores higher on deposit and withdrawal flexibility.
| Feature | FreshForex | Plus500 |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | Yes | Yes |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both FreshForex and Plus500 offer live chat support. Both provide phone support. Email support is available at both brokers. FreshForex supports 1 language and Plus500 supports 15, giving Plus500 broader global reach. Both brokers are comparable on support quality.
| Feature | FreshForex | Plus500 |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English | English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese |