Phoenix Markets
Plus500
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Overview
Phoenix Markets was founded in 2013 and is headquartered in Cyprus, while Plus500 was established in 2008 and is based in Israel. Phoenix Markets holds licences including Cyprus Securities and Exchange Commission (CySEC), while Plus500 is regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909) among others. Phoenix Markets serves 10,000+ clients worldwide; Plus500 has 1,000,000+. The minimum deposit is $500 at Phoenix Markets and $100 at Plus500.
| Feature | Phoenix Markets | Plus500 |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC) | 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 | 2013 | 2008 |
| Country | Cyprus | Israel |
| Clients | 10,000+ | 1,000,000+ |
Fees
Fees are a critical factor when choosing between Phoenix Markets and Plus500, directly affecting your bottom line as a trader. Plus500 has a lower barrier to entry with a minimum deposit of $100 (vs $500 at Phoenix Markets). Neither broker charges withdrawal fees. Plus500 applies inactivity fees on dormant accounts; Phoenix Markets does not. Overall, Plus500 scores higher on fees in our assessment.
| Feature | Phoenix Markets | Plus500 |
|---|---|---|
| Min. Deposit | $500 | $100 |
| Withdrawal Fees | No | No |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
Phoenix Markets offers MT4, MT5, cTrader, while Plus500 supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Plus500 supports social and copy trading features, which Phoenix Markets does not offer. The two brokers are closely matched on platform offering.
| Feature | Phoenix Markets | Plus500 |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4,mac,Android.iPhone/iPad | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Phoenix Markets and Plus500 compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. Plus500 scores higher overall in education and research.
| Feature | Phoenix Markets | Plus500 |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Phoenix Markets accepts 2 of the tracked payment methods (bank transfer, credit/debit card), while Plus500 supports 4 (bank transfer, credit/debit card, PayPal, Skrill). Plus500 uniquely supports PayPal and Skrill among the two brokers. Plus500 scores higher on deposit and withdrawal flexibility.
| Feature | Phoenix Markets | Plus500 |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Phoenix Markets and Plus500 offer live chat support. Both provide phone support. Email support is available at both brokers. Phoenix Markets supports 2 languages and Plus500 supports 15, giving Plus500 broader global reach. Both brokers are comparable on support quality.
| Feature | Phoenix Markets | Plus500 |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, and Chinese | English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese |