Plus500 vs Finq.com

Plus500 vs Finq.com Comparison Table 2023
Plus500 Finq.com
4.1
3.8
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.

Finq.com is a multi-asset offshore broker that provides CFD trading on 2100+ instruments with fast execution and high leverage. The company is registered with Seychelles FSA and was established in 2017. The broker supports MetaTrader 4 and a bespoke WebTrader and traders can test its services through a free demo account.

82% of retail CFD accounts lose money.
Bonus Offer
$50 Welcome 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." "Finq.com will serve traders looking for high leverage in return for less regulatory oversight. Clients with enough capital for the upper-tier accounts will be able to enjoy the best conditions while trading CFDs at Finq.com."
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
  • Up to 1:300 leverage
  • 24/5 customer support
  • 2100+ financial instruments
  • Free deposits and withdrawals
  • Joining bonuses and loyalty rewards
  • Demo account with access to virtual funds ($10k)
  • Bespoke trading platform plus industry-renowned MT4 terminal
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
  • No copy trading tool
  • Limited security details
  • No MetaTrader 5 platform
  • Limited regulatory oversight
  • Narrow range of trading tools
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 Shares, forex, commodities, indices, bonds, cryptocurrencies, ETFs
Demo Account
Yes Yes
Minimum Deposit
$100 $100
Trading Platforms
  • WebTrader
  • App
  • MT4
  • TradingCentral
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA FSA
Margin Trading
Yes Yes
STP Account
No No
ECN Account
No Yes
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 Yes
Market Maker
Yes Yes
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS, Android & Windows iOS, Android & Windows
Auto Trading
No Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
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 $25
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • ZAR
  • CZK
  • USD
  • EUR
  • INR
  • ZAR
  • CHF
  • RUB
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. Trade CFDs on 2100+ markets through the broker's market-maker execution model and use the high-quality educational resources to sharpen your trading skills. The depth of CFDs beats most rivals.
Leverage
1:30 1:300
FTSE Spread
1.8 2.0 pts
GBPUSD Spread
1.1 0.20 pips
Oil Spread
0.04 3.0 pips
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. Trade 55 forex pairs from majors, minors and exotics, with leverage up to 1:300. Spreads start from 1.9 on popular majors on the standard account or 0.8 on the highest-tier Exclusive account, and small percentage commissions also apply.
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 From 0.2 pips
EURUSD Spread
0.6 From 0.1 pips
EURGBP Spread
1.4 From 0.2 pips
Assets
60+ 55
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. Trade 20+ crypto CFDs including Bitcoin, Ethereum, Litecoin and Dash with 1:2 leverage. Spreads are tight and fast execution speeds will suit active crypto day traders.
Spread
Variable From 0.8 pips
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • IOTA
  • NEO
  • EOS
  • XMR
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • DASH
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
82% of retail CFD accounts lose money.
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