Luno vs Plus500

Luno vs Plus500 Comparison Table 2023
Luno Plus500
Not Yet Rated

Luno is #29 in our crypto broker rankings.

4.1
United States Flag Traders from US accepted
United States Flag Traders from US not accepted

Luno is a global cryptocurrency exchange that is headquartered in the UK and offers a range of DeFi services.

Plus500 is a leading global broker with millions of registered traders and multiple awards. The company specializes in CFDs on its intuitive, proprietary platform and app. The broker also has a high safety rating with licenses from reputable regulators, including in the UK, Europe and Australia.

79% of retail CFD accounts lose money.
Comment by Reviewer
"Plus500 is a great option for CFD traders seeking a trustworthy broker with extensive market access, low fees and a beginner-friendly trading platform."
Pros
  • No commissions and tight spreads on over 2,800 instruments across forex, shares, indices, commodities, options and ETFs
  • Premium service for professional traders with added benefits including external webinars, expert analysis and a dedicated client manager
  • ESG investing opportunities through a range of equities and indices, including the Global Warming Reduction Index
  • Unique +Insights feature offering real-time trading analysis to uncover trends and market sentiment
  • Excellent reputation with 24 million clients worldwide and licensed in multiple jurisdictions
  • Reliable 24/7 customer support via email, telephone, live chat and WhatsApp
  • Excellent risk management tools including guaranteed stop loss orders
  • Authorized by tier-one regulators including the FCA
Cons
  • No MetaTrader 4 integration
  • $10 monthly inactivity fee
  • No copy trading
Awards
  • Best Overall Broker 2021 - DayTrading.com
  • Best Overall Broker 2020 - DayTrading.com
  • Best Overall Broker 2019 - DayTrading.com
Instruments
Crypto CFDs (forex, commodities, ETFs, options, etc.), Shares, Futures
Demo Account
No Yes
Minimum Deposit
£1 $100
Payment Methods
Minimum Trade
£10 Varies by asset
Regulator
FCA, MAS, CySEC, ASIC, FSA, FSCA, FMA, DFSA, EFSA
Margin Trading
No Yes
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
No No
DMA Account
No 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
No No
Mobile Apps
iOS & Android iOS, Android and Windows
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
Islamic Account
No No
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • ZAR
  • CZK
Stock Exchanges
Commodities
CFD Trading
CFD trading not offered Commission-free CFDs span an excellent range of markets. Traders can go long or short on popular assets with flexible leverage and competitive spreads.
Leverage
1:30
FTSE Spread
Variable
GBPUSD Spread
Variable
Oil Spread
Variable
Stocks Spread
Variable
Forex Trading
Forex trading not offered Plus500 offers forex trading via CFDs with tight, variable spreads and an impressive range of over 70 currency pairs.
Forex App

Plus500 have developed their mobile apps to match the WebTrader online platform . Secure, reliable and uncomplicated, 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
Variable
EURUSD Spread
Variable
EURGBP Spread
Variable
Assets
70+
Cryptocurrency
Luno supports cryptocurrency trading, staking and transferring with six major tokens. Crypto trading not offered
Spread
Variable Variable
Coins
  • BTC
  • ETH
  • LTC
  • XRP
  • BCH
  • USDC
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • IOTA
  • NEO
  • EOS
  • XMR
Crypto Lending
Yes No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
Yes No
79% of retail CFD accounts lose money.
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