Table of contents
Plus500 and Trading 212 are Forex brokers that are frequently compared side by side by both beginner and professional traders. Plus500, headquartered in Israel was established in 2008 and has experience of 13 years operating on the market. The UK-based broker Trading 212, on the other hand, is a bit more experienced broker with 15 years of experience. The main difference between the brokers is that Plus500 is initially a CFD broker, whereas Trading 212 is a CFD, stock, and ETF broker. Plus500 offers CFDs on cryptos, Forex, commodities, indices, shares, options, and ETFs. Whereas, Trading 212 provides CFDs on stocks, commodities, Forex, indices, and hundreds of equity investment opportunities.
Both brokers support highly advanced trading platforms with various modifications for further simplicity of use for traders. Furthermore, Plus500 and Trading 212 are strictly regulated brokerage companies with numerous licenses and authorizations from the very best market regulators in different jurisdictions. Both of them operate globally with hundreds of thousands of Forex traders with various backgrounds. The brokers offer multiple leveraged trading assets. With Plus500, clients can enjoy the maximum leverage of 1:300, whereas Trading 212 leverage can go up to 1:500 on upgraded accounts.
These brokers offer several account types with different benefits and limitations. However, brokers also have geographic restrictions. Trading 212 countries that are not supported are the United States and Canada. Whereas, Plus500 brokerage services are not available in the United States, Canada, and China. Our Plus500 vs Trading 212 comparison review will cover the major features of these brokers and compare their fees, spreads, account types, trading platforms, safety measures, and regulations, as well as the promotional campaigns.
Plus500 | Trading 212 | |
Rating | ||
Min. Deposit | 100 USD | 1 USD |
Max. Leverage | 1:300 | 1:50 |
Regulations | ASIC, CySEC, FCA, FMA, FSCA, MAS, ISA | FCA, FSC |
Trading Platforms | Plus500, WebTrader, Mobile Trader | Trading 212 automated trader |
Bonuses | Deposit Bonus | - |
The good news for traders is that both of these brokers allow commission-free trading. However, it means that they receive revenue through charging spreads. Plus500 offers competitive spreads starting from 0.6 pips on the high-liquid assets like the EUR/USD currency pairs. Also, there is a currency conversion fee applicable to requests in non-base currencies. The fee amount is 0.50% on top of the exchange rate during the execution of the trade. There are no withdrawal fees with Plus500. As for Trading 212, the spreads on the most popular Forex currency assets, such as EUR/USD start from 0.9 pips. No commission applies to Forex assets. However, equity CFDs come with the commission of 10 GBP, or 0.08% to 0.10%. Trading 212 also does not incur withdrawal fees but might charge conversion fees on certain currencies.
Trade Forex with tightest spreads with Plus500
Plus500 | Trading 212 | |
CFD | ✓ | ✓ |
Commodities | ✓ | ✓ |
Precious Metals | ✓ | ✓ |
Energies | ✓ | ✓ |
Stocks | ✓ | ✓ |
Indices | ✓ | ✓ |
Cryptocurrencies | - | - |
Bonds | - | - |
ETFs | - | - |
Plus500 provides its own trading platform which represents an analog to MetaTrader 4 software, which is a perfect fit for trading Forex. MetaTrader 4 is undoubtedly the most developed and advanced platform for multi-asset trading, as well. It comes with complex tools, numerous indicators, and various charting mechanisms, which outperform the features of every other trading platform. Despite the fact that there is no original MT4 found with Plus500, the trading terminal of the broker closely resembles MT4 features. Furthermore, the broker also supports several modifications of the original software. Originally, MetaTrader 4 is used on the desktop. Therefore, it requires to be downloaded and installed on the PC of the user. To avoid the time-consuming process, brokers like Plus500 now support WebTraders, which are similar platforms compatible with browsers. WebTraders do not need to be downloaded. Additionally, there are mobile trading opportunities available with Plus500 compatible with Android and IOS devices.
As mentioned before, Trading 212 is pushing its own trading platform. Unlike popular platforms like MetaTrader 4 and MetaTrader 5, the Trading 212 trading platform is a perfect solution for traders seeking automated trading solutions. The broker offers ProQuant, which is one of the most famous automated trading tools. However, it is very difficult to find traditional trading software and platforms with this broker, which might be a bit of a drawback of the broker. WebTraders and mobile trading versions of the Trading 212 platforms are also available for the clients.
Trade with the mobile app at Plus500
Plus500, on the other hand, is a heavily regulated broker with many licenses from leading regulatory authorities. The trader fund protection by the Financial Services Compensation Scheme (FSCS) is also available with Plus500 for investments up to 85,000 GBP. The list of the market regulators that authorize Plus500 includes:
In order to claim the SingaporeWelcome bonus from Plus500, traders need to deposit at least 200 Singapore dollars. The bonus amount is 70 Singapore dollars. However, there is a requirement for trade points, as well in the amount of 50 tPoints. With 300 SGD investment clients can claim 80 SGD bonus, with 750 SGD deposit – 200 SGD bonus and so on. The maximum bonus amount available is 13,000 SGD which can be activated through the bonus code DIAMOND only upon depositing 75,000 SGD or more and completing 10,000 tPoints.
Claim your first deposit bonus with Plus500
Plus500 | Trading 212 | |
Pros | - tight spreads | - low deposit requirement |
- flexible leverage | - diverse asset portfolio | |
- mutiple regulations | - many account types | |
Cons | - CFDs only | - restricted leverage |
- higher deposit requirement | - limited platforms | |
- no MT4/MT5 | - no bonuses |
Both Plus500 and Trading 212 brokers have their own advantages and limitations. Trading 212 predominates in the offering of more diverse trading instruments portfolio, as well as the variety of live trading account type options. Whereas, Plus500 comes with more advanced trading platforms, better fee structure, and promotional campaigns. By accounting for all benefits and drawbacks of these two brokers we recommend trading with Plus500 for several reasons. First of all, the overall trading cost is lower with Plus500 with tighter spreads and lower margin requirements. Furthermore, Trading 212 presents mainly automated trading platforms, whereas Plus500 includes traditional terminals, as well. Finally, there are no bonus schemes or reward campaigns available with Trading 212 while Plus500 provides an extensive promotional program of the deposit bonus.
Subscribe to receive updates about FX bonuses
Be the first one to find out about available Forex trading bonuses that can be trusted