Emirates NBD Securities vs Plus500

Emirates NBD Securities vs Plus500 Comparison Table 2024
Emirates NBD Securities Plus500
2.9
4.1

Emirates NBD is a Dubai-based broker, established in 1963. The brand services 20+ million customers in over 13 countries and is recongized as a leading financial services provider in the UAE with AED 800+ billion in assets. Retail investors can speculate on four major markets including the Abu Dubai Securities Exchange (ADX).

Established in 2008 and headquartered in Israel, Plus500 is a prominent brokerage that boasts over 25 million registered traders in over 50 countries. Specializing in CFD trading, the company offers an intuitive, proprietary platform and mobile app. It maintains competitive spreads and does not charge commissions or deposit or withdrawal fees. Plus500 also continues to shine as one of the most trusted brokers with licenses from reputable regulators, including the FCA, ASIC and CySEC.

Customer Reviews
3
Comment by Reviewer
"Traders who want a reliable MENA brokerage with a choice of trading platforms and backing from an established bank should check out Emirates NBD." "Plus500 offers a super-clean experience for traders with a CFD trading platform that sports a modern design and dynamic charting. That said, the broker’s research tools are limited, fees trail the cheapest brokers, and there’s room for enhancement in its educational resources."
Pros
  • The company is licensed by the Central Bank of the UAE and the Securities and Commodities Authority (SCA)
  • A convenient daily trading programme can be used to automate mutual fund investments with a minimum trade value of AED 8
  • Transparent pricing model with commission fees by exchange outlined plus a useful commission calculator
  • THARAA' loyalty program with tiered membership status and rewards for every completed transaction
  • A good choice of trading platforms with mobile app compatibility, plus telephone order execution
  • Customer support is available 24/7 via phone, email or online chat bot
  • Leveraged trading options available
  • Plus500 provides a specialized WebTrader platform designed explicitly for CFD trading, offering a clean and uncluttered interface
  • The broker offers commission-free trading on a diverse range of markets, minimizing additional fees while appealing to established traders
  • Plus500 has recently bolstered its suite of short-term trading products, including introducing VIX options with enhanced volatility
  • You can utilize leverage while engaging in long or short positions, allowing for more strategic trading opportunities
  • The customer support team continue to provide reliable 24/7 support via email, live chat and WhatsApp
Cons
  • Trading focused on the MENA region with limited global exposure
  • An Emirates NBD banking account is needed to deposit and withdraw
  • A AED 3000 minimum must be maintained across bank accounts
  • Slim investment offering with no forex trading
  • Mobile app navigation trails the best brokers
  • There is no demo account for new clients
  • There is limited education for beginners
  • Slow sign up process
  • Plus500’s lack of support for MetaTrader or cTrader charting tools might be a deal breaker for advanced day traders looking for familiarity
  • Educational resources are limited compared to best-in-class brokers like eToro, impacting the learning curve for beginners
  • The absence of social trading means users can’t follow and replicate the trades of experienced traders
  • Compared to some competitors, especially IG, Plus500’s research and analysis tools are limited
  • Algo trading and scalping are not supported, which may deter some day traders
Awards
  • Nasdaq Dubai's Retail Broker of the Month Award for April 202
  • Nasdaq Dubai's Retail Broker of the Month Award for February 2022
  • Nasdaq Dubai's Retail Broker of the Month Award for December 2021
  • 5-Stars DFM Brokers Excellence Rating certification for the year 2020
  • Nasdaq Dubai's Retail Broker of the Month Award for June 2020
  • Nasdaq Dubai's Retail Broker of the Month Award for April 2019
  • Nasdaq Dubai's Retail Broker of the Month Award for February 2018
  • Best Overall Broker 2021 - DayTrading.com
  • Best Overall Broker 2020 - DayTrading.com
  • Best Overall Broker 2019 - DayTrading.com
Instruments
Stocks CFDs on Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto
Demo Account
No Yes
Minimum Deposit
$0 $100
Trading Platforms
  • Own
  • WebTrader
  • App
Payment Methods
Minimum Trade
$0 0.01 Lots
Regulator
SCA FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA
Margin Trading
Yes Yes
STP Account
No No
ECN Account
No No
DMA Account
Yes No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS, Android & Windows
App Review

Plus500 have developed their mobile apps to match the WebTrader online platform . Secure and reliable, the app is among the best out there. Stop loss and limits are available, free alerts and a full range of markets and instruments are available. Visit the download page here.

Android App Rating
4.3
iOS App Rating
4.1
Auto Trading
No
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No Yes
Custodial Account
No No
Guaranteed Stop Loss
No Yes
Inactivity Fee
$10
Islamic Account
Yes Yes
Account Currencies
  • USD
  • AED
  • SAR
  • USD
  • EUR
  • GBP
  • AUD
  • ZAR
  • CZK
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Plus500 presents commission-free CFDs encompassing a vast array of markets, spanning currencies, stocks, indices, and commodities. You can engage in long or short positions on popular assets, benefiting from adaptable leverage without encountering any concealed fees.
Leverage
1:30
FTSE Spread
1.2
GBPUSD Spread
1.1
Oil Spread
0.04
Stocks Spread
0.08
Forex Trading
Forex trading not offered Plus500 provides forex trading through CFDs, featuring narrow spreads across an impressive selection of over 60 currency pairs. During testing, spreads came in as tight as 0.6 pips on the EUR/USD, which is notably lower than many alternatives.
Forex App

Plus500 have developed their mobile apps to match the WebTrader online platform . Secure and reliable, the app is among the best out there. Stop loss and limits are available, free alerts and a full range of markets and instruments are available. Visit the download page here.

GBPUSD Spread
1.1
EURUSD Spread
0.6
EURGBP Spread
1.4
Assets
60+
Cryptocurrency
Crypto trading not offered Investors can trade on rising and falling prices with CFDs on popular cryptos like Bitcoin. Plus500 also stands out for its crypto indices, which offer diversification opportunities by tracking a basket of leading digital currencies. Availability subject to regulation.
Spread
Variable
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • IOTA
  • NEO
  • EOS
  • XMR
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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