Trading212 and Plus500 present their proprietary trading platforms to traders, both omitting the well-known MT4. While both brokers cater well to manual trading strategies, the absence of MT4 is notable.
Trading212 provides an appealing offer for equity traders with smaller portfolios, while Plus500 shines with its options contracts. Both brokers offer commission-based trading, but the overall pricing environment is more competitive at Plus500.
Trading212 expanded its client-base notable over the past two years, growing to more than 1.5 million and assets exceeding €3.5 billion. It also has client deposit insurance up to €1 million, offering better protection than most competitors. Plus500 continues to grow as a publicly listed company in the UK and ranks as one of the most trusted brokers globally.
We have conducted an in-depth review of Trading212 and Plus500 to determine which one presents the better overall choice and which traders will benefit the most at either broker.
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- Trading212 vs. Plus500 - Verdict
Headquarters | Israel | Cyprus |
Regulators | ASIC, CySEC, FCA, FMA, FSCA, MAS | FCA, FSC Mauritius |
Tier 1 Regulator(s)? | ||
Owned by Public Company? | ||
Year Established | 2008 | 2006 |
Execution Type(s) | Market Maker | Market Maker |
Minimum Deposit | $100 | $1 |
Negative Balance Protection | N/A | |
Trading Platform(s) | Proprietary platform, Web-based | MetaTrader 4, Proprietary platform |
Average Trading Cost EUR/USD | 1.3 pips | 1.9 pips ($19.00) |
Average Trading Cost GBP/USD | 1.7 pips | 2.9 pips ($29.00) |
Average Trading Cost WTI Crude Oil | - | $0.04 |
Average Trading Cost Gold | - | $0.68 |
Retail Loss Rate | 82.00% | N/A |
Minimum Raw Spreads | Not applicable | N/A |
Minimum Standard Spreads | Not applicable | N/A |
Minimum Commission for Forex | Commission-free | N/A |
Islamic Account | ||
Signals | ||
US Persons Accepted? | ||
Managed Accounts | ||
Visit Website 82% of retail CFD accounts lose money | Visit Website |
Features and Platforms
MT4 | ||
MT5 | ||
MT4/MT5 Add-Ons | N/A | |
cTrader | ||
Proprietary Platform | ||
Automated Trading | ||
Social/Copy Trading | N/A | |
DOM? | ||
Guaranteed Stop Loss | ||
Scalping | ||
Hedging | ||
One-Click Trading | ||
OCO Orders | ||
Interest on Margin | ||
Visit Website 82% of retail CFD accounts lose money | Visit Website |
Noteworthy:
Neither broker supports algorithmic trading but presents a user-friendly manual alternative including a sentiment indicator.
Available Markets
Currency Pairs | ||
Cryptocurrencies | N/A | |
Commodities | ||
Crude Oil | ||
Gold | ||
Metals | ||
Equity Indices | ||
Stocks (non-CFDs) | ||
Bonds | ||
ETFs | ||
Options | N/A | |
Futures | ||
Synthetics | ||
Visit Website 82% of retail CFD accounts lose money | Visit Website |
Trading212 does not offer cryptocurrencies but has direct share dealing on more than 10,000 global equities. UK traders also get tax-free ISA accounts. The Plus500 maximum retail leverage depends on the regulatory jurisdiction, where the Seychelles unit offers the easiest trading conditions. It also features options contracts, supporting more complex strategies.
Typical Spreads and Fees
Average Trading Cost EUR/USD | 1.3 pips | 1.9 pips ($19.00) |
Average Trading Cost GBP/USD | 1.7 pips | 2.9 pips ($29.00) |
Average Trading Cost WTI Crude Oil | - | $0.04 |
Average Trading Cost Gold | - | $0.68 |
Average Trading Cost Bitcoin | - | $46.59 |
Minimum Raw Spreads | Not applicable | N/A |
Minimum Standard Spreads | Not applicable | N/A |
Minimum Commission for Forex | Commission-free | N/A |
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 |
Trading212 advertises commission-free trading but does not disclose spreads, while swap rates are five times higher compared to other brokers. Trading212 does not levy an inactivity fee, which exists at Plus500. Plus500 has a currency conversion fee of up to 0.7% that will be applied if the currency is different from the trader's account currency. Third-party processor fees apply.
Security and Trust
Country of the Regulator | United Arab Emirates, Australia, Cyprus, Estonia, Israel, New Zealand, Seychelles, Singapore, United Kingdom, South Africa | Bulgaria, Cyprus, United Kingdom |
Name of the Regulator | ASIC, CySEC, FCA, FMA, FSCA, MAS | FCA, FSC Mauritius |
Regulatory License Number | 509909, 250/14, 417727, 486026, 47546, SD039, 100648-1, NOT AVAILABLE, 4.1-1/18, F005651 | 609146, 398/21, RG-03-0237 |
Regulatory Tier | N/A | 1, 1, 1 |
Visit Website 82% of retail CFD accounts lose money | Visit Website |
Trading212 and Plus500 segregate client deposits from corporate funds, offer negative balance protection, and select jurisdictions have an investor compensation fund. Plus500 is also a publicly listed company in the UK and a constituent of the FTSE250.
Trading212 vs Plus500 – Verdict
Trading212
Pros | Cons |
---|---|
Market-leading currency and commodities selection | Low leverage for retail traders |
Fractional share dealing and AutoInvest | MT4 trading platform not available |
YouTube educational channel | Limited pricing transparency suggesting high trading costs |
Low minimum deposits from as little as $1 |
Plus500
Pros | Cons |
Competitive asset selection of 2,000+ focused on equity and ETF CFDs | No support for algorithmic trading and absence of MT4 |
Guaranteed stop-loss orders | Higher minimum deposit but within a reasonable range |
A publicly listed company, well-capitalized and trusted | |
Lightweight webtrader ideal for beginner traders Beginners should use the demo account and the Trading Academy to gain experience before trading with real capital due to the risks involved. |
The $1 fractional share investing at Trading212 is ideal for equity traders with smaller portfolios. The AutoInvest service can help traders build and manage portfolios, but it is not the same as algorithmic trading. Plus500 offers a well-balanced asset selection and supports more complex trading strategies. It also maintains lower trading costs than Trading212.
You might also be interested in reviewing the below broker comparisons:
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- Plus500 vs CityIndex
- Plus500 vs Trade360
- Plus500 vs Markets.com
FAQs
What is better than Plus500?
It depends on what traders are looking for, as Plus500 presents manual traders with a user-friendly and capable trading platform with a well-balanced asset selection.
Is Trading212 a good trading platform?
Trading212 is a good platform for manual traders and those with smaller portfolios.