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  3. GAIN Capital Group vs Plus500 – Compare brokers, review spreads, costs, commissions regulations

GAIN Capital Group vs Plus500

In the table above we compare FX Broker GAIN Capital Group vs FX BrokerPlus500 .This is a very important step before starting to trade on the currency markets as by choosing the wrong broker could get you stuck or even put of trading in the currency markets.
Five major things to look out for are:

1. Compare Regulations: GAIN Capital Group vs Plus500
Is Broker Plus500 regulated or is Broker Plus500 regulated?
Compare GAIN Capital Group vs Plus500 and find out who is regulated and where.
In the event GAIN Capital Group or Plus500 goes bankrupt, the different regulators can help you recover sums up to 100,000 USD. Obviously this depends on who regulates GAIN Capital Group, and who regulates Plus500

2. Compare Account types: GAIN Capital Group vs Plus500
Every body has different needs, who is looking for an ECN forex account and who is simply looking for a market maker. Compare GAIN Capital Group vs Plus500 in the table above and find out what type of accounts do they offer (DMA-STP, ECN-STP, STP, Market maker), what leverage they offer(between 1:100 and 1:2000), do your forex strategies require a Metatrader 4(MT4), do you need a demo account, have you downloaded an EA and would like to test it on GAIN Capital Group’s demo account or Plus500 ‘s demo account? Do you neem direct market access or need to access GAIN Capital Group’s API or Plus500’s API?
What initial deposit is GAIN Capital Group asking for and what initial deposit is Plus500 asking for?

3. Currency Pairs Offered
Do you trade the usual currency pairs or do you need a greater number of exotic currencies, compare GAIN Capital Group vs Plus500 and see who offer more or less currency pairs.

4. Customer Service
One of the most important aspects is GAIN Capital Group’s customer service vs Plus500’s customer service. As if you have an issue you would like to speak or chat to someone immediately.

5. Trading Platform
The trading platform is also extremely important as you will spend a lot of time on GAIN Capital Group’s FX trading platform or Plus500’s currency trading platform. try different platforms top see which one you like, the most popular on the forex market is MT4 or Metatrader 4, but there are many other platforms like Metatrader4 ECN, MT5 or Currenex. Compare GAIN Capital Group vs Plus500 and see who offers 4 digits or 5 digits pricing, which of the two allows experts advisors on the MT4.
Not to forget to compare GAIN Capital Group’s fees vs Plus500 ‘s fees.
For those that a different style of trading, compare GAIN Capital Group vs Plus500 to see who offers, Mirror Trader, ZuluTrade, or Signal Trader

If you would like to trade with your IOs or windows mobile platform compare GAIN Capital Group vs Plus500 and see who offers a platform for your apple, android or tablet and where to download the app to FX trade with either GAIN Capital Group or Plus500

For any further questions feel free to comment below. If you would like to leave a review of GAIN Capital Group or review Plus500, feel free to do so too.

 

 

Product Name

GAIN Capital Group

Plus500

Product Image GAIN Capital Group Plus500
Price
Our Rating 5.0 5.0
Brand FX Brokers FX Brokers
Category Forex Broker Forex Broker

Broker

GAIN Capital GroupPlus500
Website www.plus500.com
Broker Type DMA/STP Market maker
Broker Country United States United Kingdom
Regulation NFA, CFTC, FCA UK, FSA Japan, FSC Hong Kong, ASIC, FINRA FCA UK
Indipendant Broker Independent broker. Independent broker
Year in Industry 1999 2008

Account

GAIN Capital GroupPlus500
Accept US Clients Yes Yes
Mini account deposit $100000 $100
Standard account deposit $100000 $100
ECN account deposit $100000
Trading account currency USD Account EUR Account, GBP Account, CHF Account, JPY Account, CAD Account, AUD Account, NZD Account, PLN Account
Leverage Account 50 : 1 Mini account 294 : 1
Minimal size lot 1 lot 0.01 lot
Leverage Mini account Mini Account, Standard Account, ECN Account Mini Account, Standard Account

Payments

GAIN Capital GroupPlus500
Funding method Bank Wire, Check, Debit Card Bank Wire, Credit Card, Skrill, PayPal
Withdrawal method Bank Wire, Check Bank Wire, Check, Skrill, PayPal

Costs

GAIN Capital GroupPlus500
Commissions yes no
Costs & Spreads variable fixed
Costs/Lowest spreads on EURUSD 0.2 pips Mini account 0.8 pips

Trading

GAIN Capital GroupPlus500
Premium trading Premium trading tools no
Scalping yes no
Hedging
EAs allowed yes no

Platform

GAIN Capital GroupPlus500
Trading platform type MT4 (UK office) Desktop/Mobile/iOS/Android/BlackBerry, FOREXTrader Pro/Web, GAIN GTX, eSignal, Strategy Runner, Autochartist, OEC Trader, GQC Trader, ZuluTrade Plus500 Desktop/iOS/Android/Smartphone/Mobile, Web Trader
Platform time zone EST (GMT-5) adjustable
Decimal pricing 5 digits 4 digits
Trailing stops Trailing Stoploss Trailing Stoploss
OCO orders OCO orders No OCO orders
One click One click trading No One click trading
Mobile trading
Webtrading
API Solutions

Products

GAIN Capital GroupPlus500
Currency pairs 48 fx pairs (20 exotic) 59 fx pairs
Exotic Pairs Exotic Forex Pairs
Gold Silver Gold, Silver Gold, Silver
CFD Trading CFD trading CFD trading
Other instruments Indices, Equities, Options, ETFs, Mutual Funds Stocks, Indices, Commodities, Energies, ETFs

Other

GAIN Capital GroupPlus500
MAM PAMM LAMM MAM no
Managed Accounts Yes No
Swap free accounts Yes No
Segregated client accounts

Promotions and Offers

GAIN Capital GroupPlus500
Bonuses (T&Cs apply) No Yes
Contests No No