Plus500 vs Expert Option

Plus500 vs Expert Option Comparison Table 2023
Plus500 Review 2023 Expert Option Review 2023
4.1
3.5
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Plus500 is a leading brokerage, listed on the London Stock Exchange with 25+ million registered traders. The firm specializes in CFD trading on its intuitive, in-house platform and mobile app. Spreads are low and there are no deposit or withdrawal fees. Plus500 also has a high trust score with licenses from reputable regulators, including the FCA, ASIC and CySEC.

Expert Option is an offshore broker that offers a simple and intuitive trading experience through a bespoke, user-friendly platform. Trader can access 100 popular assets via binary options contracts with payouts up to 95%, free educational resources, and market data available to upper-tier account holders.

82% of retail CFD accounts lose money.
Bonus Offer
100% deposit bonus
Comment by Reviewer
"Plus500 offers one of the best trading platforms for beginners. With a modern design and dynamic charting, we found it great for trading CFDs on popular financial markets. The $100 minimum deposit and unlimited demo account also make Plus500 accessible for aspiring investors." "Expert Option will suit aspiring traders who want to access the financial markets through an options broker with a very easy-to-learn bespoke platform. The user-friendly trading platform is clear and reliable."
Pros
  • Zero commissions and tight spreads on over 2,000 instruments across forex, shares, indices, commodities, cryptos and ETFs
  • Premium service for professional traders with fee rebates, 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
  • We enjoy using the web platform with its smooth user experience and feature-rich trading tools
  • Excellent reputation with 25+ 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
  • Quick, easy-to-learn and use trading platform
  • Diverse range of account currencies and 20+ accepted payment methods allows flexible funding
  • Good range of educational materials provides content for all experience levels
  • Analytical tools for higher-level accounts are a useful addition for experienced traders
  • High payouts up to 95% are above the industry average
  • Generous bonus offers available in some countries
  • No deposit and withdrawal fees
  • Low minimum deposit (just $10)
Cons
  • No access to the MetaTrader 4 or MetaTrader 5 platforms
  • Average withdrawal speeds that can take up to 7 days
  • No social trading functions for hands-off investors
  • $10 monthly inactivity fee after 3 months
  • Algo trading is not supported
  • Scalping is not permitted
  • Small list of assets with just 100 on offer compared to 1000+ offered by some competitors
  • No traders accepted from some countries and regions including the US
  • $10/monthly inactivity fee penalizes less active traders
  • Less suitable for longer-term trading strategies
Awards
  • Best Overall Broker 2021 - DayTrading.com
  • Best Overall Broker 2020 - DayTrading.com
  • Best Overall Broker 2019 - DayTrading.com
Instruments
CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto Options, stocks, commodities, forex, crypto, futures,
Demo Account
Yes Yes
Minimum Deposit
$100 $10
Trading Platforms
  • WebTrader
  • App
  • Own
Payment Methods
Minimum Trade
0.01 Lots $1
Regulator
FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA SVGFSA
Margin Trading
Yes Yes
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
Yes No
Market Maker
Yes No
P2P Trading
No No
Spot Trading
No No
Mobile Apps
iOS, Android & Windows iOS and Android
Auto Trading
No ExpertBot
Copy Trading
No Yes
Copy Trading Platform
You can study and copy the positions of established VIPs to increase potential returns. Users can find master traders based on asset class and historic returns. A useful leaderboard is available to social traders.
Social Trading
No Yes
Trade Signals
Only for Platinum and Exclusive accounts
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
Yes No
Custodial Account
No No
Guaranteed Stop Loss
Yes No
Inactivity Fee
$10
Islamic Account
Yes No
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • ZAR
  • CZK
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • NZD
  • INR
  • JPY
  • ZAR
  • MYR
  • IDR
  • TRY
  • SEK
  • NOK
  • DKK
  • CHF
  • HKD
  • SGD
  • RUB
  • PLN
  • CZK
  • AED
Stock Exchanges
Commodities
CFD Trading
Plus500 offers commission-free CFDs on a huge range of markets, including currencies, stocks, indices and commodities. Traders can go long or short on popular assets with flexible leverage and no hidden charges. The WebTrader platform has been specifically designed for trading CFDs. CFD trading not offered
Leverage
1:30
FTSE Spread
1.8
GBPUSD Spread
1.1
Oil Spread
0.04
Stocks Spread
0.08
Forex Trading
Plus500 offers forex trading via CFDs with tight, floating spreads and an excellent suite of 60+ currency pairs. We got spreads of 0.6 pips on the EUR/USD during testing - lower than many alternatives. Expert Option traders can access some of the most popular forex pairs including USD/EUR, GBP/USD and GBP/EUR using binary options contracts that payout up to 95%, well above the industry average of around 85%.
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 $5 on any winning trades + 5% on payouts
EURUSD Spread
0.6 $5 on any winning trades + 5% on payouts
EURGBP Spread
1.4 $5 on any winning trades + 5% on payouts
Assets
60+ 6
Cryptocurrency
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. Traders can speculate on Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) price movements using high/low binary options on a proprietary platform. These are three of the most popular cryptocurrencies on the market, but the offering lacks the variety and volatility offered by less popular tokens.
Spread
Variable $5 on any winning trades
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • IOTA
  • NEO
  • EOS
  • XMR
  • BTC
  • BCH
  • ETH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Binary options trading not offered Expert Option is a well-known binary options broker providing access to 100 assets with a $5 charge on winning trades. Payouts are competitive and users can speculate on rising or falling prices with one-click in the web-accessible platform. Binaries are aimed at ultra-short-term traders, ranging from 60 seconds to 5 minutes.
Payout
95%
Expiry Times
60 seconds - 5 minutes
Ladder Options
No No
Boundary Options
No Yes
82% of retail CFD accounts lose money.
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