Who has a better deal? Trading 212 or Plus500? Here is a full breakdown of the 50 most important differences between the two platforms. There is also a comparison of fees that is up to date.
Plus500 and Trading 212 are two popular online trading platforms that allow users to trade a range of financial instruments, including stocks, ETFs, and CFDs. Below is a comparison of the two platforms based on several key factors.
BASIC INFORMATION
- Plus500 is a trading platform founded in 2008 and is headquartered in Israel, while Trading 212 is a trading platform founded in 2006 and is headquartered in the UK.
- Both platforms are regulated by reputable financial authorities, such as the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC).
ADVANTAGES
- Plus500 offers a wide range of financial instruments to trade, including stocks, forex, indices, commodities, cryptocurrencies, and ETFs.
- Plus500 has a user-friendly trading platform that is easy to navigate, and it offers mobile apps for both iOS and Android devices.
- The platform has a low minimum deposit requirement of $100, making it accessible to new traders.
- Trading 212 offers zero-commission trading on a range of financial instruments, including stocks, ETFs, and forex.
- Trading 212 offers a range of research and educational tools to help traders make informed trading decisions, including real-time news updates, market analysis, and trading signals.
DISADVANTAGES
- Plus500 charges higher fees compared to Trading 212, with higher spreads and overnight financing fees.
- The platform does not offer a demo account for traders to practice their trading strategies before committing real money.
- Trading 212 has a smaller range of financial instruments compared to Plus500, with no cryptocurrencies available for trading.
- Trading 212’s mobile app is not as user-friendly as Plus500’s, and it has received criticism for its slow loading times.
EVALUATION
- Overall, both are reputable online trading platforms that offer a range of financial instruments and trading tools to help traders make informed decisions.
- Plus500 is better suited for traders who prioritize a wide range of financial instruments and user-friendly trading platforms, while Trading 212 is better suited for traders who prioritize low fees and access to research and educational tools.
INSTRUMENTS
- Plus500 offers a wide range of financial instruments, including stocks, forex, indices, commodities, cryptocurrencies, and ETFs.
- Trading 212 offers a range of financial instruments, including stocks, ETFs, and forex.
DEPOSITS AND WITHDRAWALS
- Plus500 allows users to deposit and withdraw funds using a range of payment methods, including credit/debit cards, bank transfers, and e-wallets.
- Trading 212 allows users to deposit and withdraw funds using a range of payment methods, including credit/debit cards, bank transfers, and e-wallets.
TRADING PLATFORMS
- Plus500 has a user-friendly trading platform that is easy to navigate, and it offers mobile apps for both iOS and Android devices.
- Trading 212 has a trading platform that is available on both desktop and mobile devices, but its mobile app has received criticism for its slow loading times.
CFD TRADING
- Both Plus500 and Trading 212 offer CFD trading, allowing traders to speculate on the price movements of financial instruments without owning the underlying asset.
TRADING STOCKS AND ETFS
- Both Plus500 and Trading 212 offer trading on a range of stocks and ETFs.
FEES
- Plus500 charges higher fees compared to Trading 212, with higher spreads and overnight financing fees.
- Trading 212 offers zero-commission trading on a range of financial instruments, including stocks, ETFs, and forex.
DEMO ACCOUNT
- Plus500 does not offer a demo account for traders to practice their trading strategies before committing real money.
- Trading 212 offers a demo account that allows traders to practice trading with virtual money in a risk-free environment. The demo account is available on both desktop and mobile trading platforms, and traders can use it for an unlimited period.
CUSTOMER SUPPORT
- Plus500 offers customer support through email and live chat, and it has a comprehensive FAQ section on its website. The platform also provides customer support in multiple languages.
- Trading 212 offers customer support through email, live chat, and phone, and it has a comprehensive help center on its website. The platform also provides customer support in multiple languages and has a dedicated team to help with account-related issues. Both platforms have responsive customer support teams that are available 24/7 to help traders with any issues they may encounter.
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