Plus500 vs. Degiro – Which Broker is the Best for Your Trading Needs?

• Features and Platforms
• Available Markets
• Typical Spreads and Fees
• Security and Trust
• Verdict

Plus500 and Degiro are leading global Forex brokers, but which one should you trust your Forex portfolios with?

I have conducted an in-depth review of Plus500 vs. Degiro to determine which is the better overall choice and which traders will benefit most from either broker.

Headquarters	Israel	Netherlands
Regulators	ASIC, CySEC, FCA, FMA, FSCA, MAS	N/A
Tier 1 Regulator(s)?
Owned by Public Company?
Year Established	2008	2008
Execution Type(s)	Market Maker	N/A
Minimum Deposit	$100	N/A
Negative Balance Protection		N/A
Trading Platform(s)	Proprietary platform, Web-based	Proprietary platform
Average Trading Cost EUR/USD	1.3 pips	Not applicable
Average Trading Cost GBP/USD	1.7 pips	Not applicable
Average Trading Cost WTI Crude Oil	-	Undisclosed
Average Trading Cost Gold	-	Undisclosed
Retail Loss Rate	82.00%	Undisclosed
Minimum Raw Spreads	Not applicable	Not applicable
Minimum Standard Spreads	Not applicable	Not applicable
Minimum Commission for Forex	Commission-free	Not applicable
Islamic Account
Signals
US Persons Accepted?
Managed Accounts
	Visit Website 82% of retail CFD accounts lose money	Visit Website

Here is a snapshot of the most notable advantages of Plus500:

• 300M+ positions opened with $800B+ in trading volume.
• Quality education via the Plus500 Trading Academy.
• A fee-based guaranteed stop-loss order.
• 24/7 customer support
• The high-quality data-driven analytical tool +Insights.
• Real-time email, SMS, and push notifications based on price alerts, percentage-based hourly and daily price changes, and sentiment changes.
• ESG scores and related CFD products.
• Supportive of complex trading strategies using options.
• Manual-only trading from an execution-only broker.

Here is a snapshot of the most notable advantages of Degiro:

• The corporate owner is a publicly listed German bank.
• Analyst views and ESG ratings.
• 57M+ transactions in 2023.
• €50B+ in assets under custody.
• Manual-only trading from an execution-only broker.

Features & Platforms

MT4
MT5
MT4/MT5 Add-Ons
cTrader
Proprietary Platform
Automated Trading
Social/Copy Trading
DOM?		N/A
Guaranteed Stop Loss
Scalping
Hedging
One-Click Trading
OCO Orders
Interest on Margin
	Visit Website 82% of retail CFD accounts lose money	Visit Website

Available Markets

Currency Pairs
Cryptocurrencies
Commodities
Crude Oil
Gold
Metals
Equity Indices		N/A
Stocks (non-CFDs)
Bonds
ETFs
Options
Futures
Synthetics
	Visit Website 82% of retail CFD accounts lose money	Visit Website

As I conducted my Plus500 review, traders had a well-balanced asset selection of 2,800+ assets, including 63 Forex pairs, ETFs, options, and cryptocurrencies. Degiro caters primarily to buy and hold investors via equities and ETFs listed on 50+ exchanges in 30+ counties.

Here is why Plus500 is a better choice for most traders:

• Superior diversification

Typical Spreads & Fees

Average Trading Cost EUR/USD	1.3 pips	Not applicable
Average Trading Cost GBP/USD	1.7 pips	Not applicable
Average Trading Cost WTI Crude Oil	-	Undisclosed
Average Trading Cost Gold	-	Undisclosed
Average Trading Cost Bitcoin	-	Not applicable
Minimum Raw Spreads	Not applicable	Not applicable
Minimum Standard Spreads	Not applicable	Not applicable
Minimum Commission for Forex	Commission-free	Not applicable
Deposit Fee		N/A
Withdrawal Fee		N/A
Inactivity Fee	$10 monthly after 3 months	N/A
	Visit Website 82% of retail CFD accounts lose money	Visit Website

Plus500 offers a commission-free cost structure versus a commission-based pricing environment at Degiro, but which one is cheaper?

Plus500 fees are notably lower than Degiro’s trading fees, which already belong to the group of low-cost brokers. Both brokers deploy the market-making model, and Degiro levies a 0.25% currency conversion fee.

Account Types

The Plus500 account types are commission-free CFD trading, Plus500 Futures, and Plus500 Invest for unleveraged long-term buy-and-hold portfolios. Degiro features four account types: Basic, Active, Trader, and Day Trader.

Are there any other noteworthy differences in the account structure between Plus500 vs. Degiro?

Here is what stands out the most:

• What stands out the most is that unlike Plus500, Degiro requires appropriateness tests and signing additional conditions for account upgrades.
• Degiro requires appropriateness tests and the signing of additional conditions for account upgrades.

Minimum Deposit

How difficult is it to deposit at Plus500 vs. Degiro?

The Plus500 minimum deposit is a reasonable $100, while Degiro has no minimum deposit at all. Plus500 offers a superior deposit infrastructure due to more payment processors and deposit currencies. During my Degiro review, bank-related transactions via online banking or credit/debit card deposits were available.

Minimum Withdrawal

Which withdrawal process is better: Plus500 or Degiro?

The Plus500 minimum withdrawal is $100 for bank wires and $50 for e-wallets, while Degiro has no minimum withdrawal requirement. Degiro, owned by flatexDEGIRO Bank AG, automatically opens a bank account and prefers clients use it for financial transactions. Neither broker allows cryptocurrency withdrawals.

Security & Trust

Country of the Regulator	United Arab Emirates, Australia, Cyprus, Estonia, Israel, New Zealand, Seychelles, Singapore, United Kingdom, South Africa	Germany, Netherlands
Name of the Regulator	ASIC, CySEC, FCA, FMA, FSCA, MAS	N/A
Regulatory License Number	509909, 250/14, 417727, 486026, 47546, SD039, 100648-1, NOT AVAILABLE, 4.1-1/18, F005651	Undisclosed
	Visit Website 82% of retail CFD accounts lose money	Visit Website

Which broker is more secure and trustworthy?

Both brokers segregate client deposits from corporate funds, and all traders get negative balance protection, ensuring they cannot lose more than their deposit. Plus500 is a publicly listed company in the UK and a constituent of the FTSE250. Degiro is part of the publicly listed German flatexDEGIRO Bank AG, offering an extra layer of regulation and financial controls. Both brokers have 15+ years of experience, and I rank Plus500 and Degiro as equally secure, reliable, and trustworthy.

Plus500 versus Degiro​ Verdict

Plus500

Degiro

Which Forex broker is better?

Plus500 and Degiro are execution-only brokers with low trading fees and proprietary web-based trading accounts but only support manual trading and investing, which traders can evaluate in demo accounts.

Here is my verdict:

Plus500 is a better choice due to its lower fees and greater diversification opportunities.

FAQs

Does Degiro have high fees?

Degiro has low, commission-based investment fees, which is one of its most competitive features for active investors.

Can Degiro be trusted?

Degiro is part of publicly listed German flatexDEGIRO Bank AG with 15+ years of experience. Therefore, traders have good reason to trust Degiro.

Is Plus500 a good trading platform?

Plus500 is a good trading platform for manual traders, as it offers a well-balanced asset selection, low trading fees, quality trading services, and a user-friendly trading platform.

What is better than Degiro?

Degiro is an investment platform for long-term buy-and-hold investors available in only 17 counties. Therefore, many brokers, like Plus500, Saxo Bank, RoboForex, IG Markets, IC Markets, Pepperstone, and CMC Markets, offer a better product and service portfolio.