Plus500 vs Expert Option

Plus500 vs Expert Option Comparison Table 2024
Plus500	Expert Option
Review 4.1	Review 3.5

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.	Expert Option is an offshore broker that offers a simple and intuitive trading experience through a bespoke, user-friendly platform. Short-term traders 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.
Customer Reviews
3 Based on 1 Plus500 customer reviews	5 Based on 13 Expert Option customer reviews
Bonus Offer
	100% deposit bonus
Comment by Reviewer
"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."	"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 day trading platform is clear and reliable."
Pros
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	The broker offers an easy to use, beginner-friendly proprietary trading platform with 4 chart types and social trading features The diverse range of account currencies and 20+ accepted payment methods allow for flexible funding There's a decent range of educational resources, including trading strategies, webinars and platform tutorials The analytical tools for higher-level accounts are a useful addition for experienced day traders High payouts up to 95% are above the industry average There are no deposit and withdrawal fees which is ideal for active traders Minimum deposits are low, starting from $10
Cons
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	There's a very small list of binary assets with just 100 on offer compared to 1000+ offered by some competitors Expert Option isn't available in several countries, including the EU, Australia and the US The SVGFSA is a weak financial regulator with limited safeguarding measures Very expensive $50 dormancy fee after 3 months of no trading activity The broker doesn't offer any popular leveraged products such as CFDs
Awards
Best Overall Broker 2021 - DayTrading.com Best Overall Broker 2020 - DayTrading.com Best Overall Broker 2019 - DayTrading.com
Instruments
CFDs on 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	Expert Option Web Platform
Payment Methods
Apple Pay Credit Card Debit Card Mastercard PayPal Skrill Trustly Visa Wire Transfer	Bitcoin Payments FasaPay Flutterwave M-Pesa Maestro Mastercard Neteller Perfect Money Skrill UnionPay Visa WebMoney Wire Transfer
Minimum Trade
0.01 Lots	$1
Regulator
FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA	SVGFSA
Margin Trading
Yes	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
Yes	No
Market Maker
Yes	No
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS, Android & Windows	iOS & Android
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.	Expert Option has an unusual mobile trading offering in that it balances education with trading, potentially serving new traders. However, our tests reveal very basic quizzes and learning materials that barely scratch the surface of binaries. The ‘Tap Game’ is also gimmicky and does little to serve serious traders.
Android App Rating
4.3	4.2
iOS App Rating
4.1	2.5
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	$50
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
Australian Securities Exchange (ASX) Borsa Italiana CAC 40 Index France DAX GER 40 Index Deutsche Boerse Dow Jones Euronext FTSE UK Index Hang Seng IBEX 35 London Stock Exchange Nasdaq S&P 500 SIX Swiss Exchange
Commodities
Aluminium Cocoa Coffee Copper Corn Cotton Gasoline Gold Livestock Oil Palladium Platinum Silver Soybeans Sugar Wheat	Gold Platinum Silver
CFD Trading
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.	CFD trading not offered
Leverage
1:30	N/A
FTSE Spread
1.2	N/A
GBPUSD Spread
1.1	N/A
Oil Spread
0.04	N/A
Stocks Spread
0.08	N/A
Forex Trading
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.	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	Variable
EURUSD Spread
0.6	Variable
EURGBP Spread
1.4	Variable
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

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