Plus500 vs Saxo Bank
| Plus500 | Saxo Bank |
|---|---|
4.1
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4
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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. |
Saxo Markets is a multi-award-winning trading brokerage, investment firm and regulated bank. With a huge 72,000+ trading instruments, plus investment products and managed portfolios, clients have no shortage of opportunities. The trusted brand also offers transparent pricing and top-tier regulatory protection from 10+ agencies including FINMA, FCA & ASIC. |
| Customer Reviews | |
|
3
Based on 1 Plus500 customer reviews
|
4
Based on 1 Saxo Bank customer reviews
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| 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." | "Saxo is best for active traders and high-volume investors with an unrivalled selection of instruments alongside premium market research and fee rebates. The 190 currency pairs with tight spreads also make Saxo great for forex traders." |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| CFDs on Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto | Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $100 | |
| Trading Platforms | |
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| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | Vary by asset |
| Regulator | |
| FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA | DFSA, MAS, FCA, SFC |
| Margin Trading | |
| Yes | No |
| 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 | No |
| Market Maker | |
| Yes | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | Yes |
| Mobile Apps | |
| iOS, Android & Windows | SaxoTraderGo (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 |
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| Auto Trading | |
| No | |
| Copy Trading | |
| No | No |
| Social Trading | |
| No | No |
| Trade Signals | |
| Yes | |
| 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 | Yes |
| Account Currencies | |
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| Stock Exchanges | |
| Commodities | |
| 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. | Trade 8,900+ CFDs spanning forex, stocks, indices, commodities, options and bonds with powerful tools and signals. |
| Leverage | |
| 1:30 | 1:30 |
| FTSE Spread | |
| 1.2 | 1.2 pts (Variable) |
| GBPUSD Spread | |
| 1.1 | 0.7 (var) |
| Oil Spread | |
| 0.04 | 0.03 |
| Stocks Spread | |
| 0.08 | 0.10% (subject to min commission) |
| 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. | Tier 1 liquidity on an impressive range of 189 currency pairs and spot metals, plus 130 forwards, from 0.4 pips. |
| 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. |
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| GBPUSD Spread | |
| 1.1 | 0.7 (varies by region) |
| EURUSD Spread | |
| 0.6 | 0.2 (varies by region) |
| EURGBP Spread | |
| 1.4 | 0.6 (varies by region) |
| Assets | |
| 60+ | 40+ |
| 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 cryptos against major fiat currencies or take a longer-term view with ETNs. |
| Spread | |
| Variable | Variable |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
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Plus500 vs |
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