Plus500 vs Tickmill

Plus500 vs Tickmill Comparison Table 2024
Plus500 Tickmill
4.1
3.3
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

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.

Tickmill is a global broker authorized by trusted regulators including the CySEC and the FCA. Over 660,000 traders have opened an account with the firm with more than 530 million trades executed. Advanced trading tools, educational content and low fees make this broker stand out from competitors.

82% of retail CFD accounts lose money.
Customer Reviews
3
Bonus Offer
30% 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." "We recommend Tickmill for traders seeking low fees and popular financial markets on the MetaTrader platforms. The digital joining process will also appeal to investors that want to start trading quickly."
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
  • Strong suite of trading tools; MT4, MT5, VPS, Autochartist, Acuity, and forex calculators
  • Beginner-friendly educational content with user tutorials and analyst insights
  • Three live accounts with five base currencies and competitive pricing
  • Overseen by tier-one and tier-two regulators; FCA and CySEC
  • Above-average selection of funding methods including PayPal
  • 500+ markets including forex, stocks and commodities
  • Hedging and scalping permitted
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
  • Services not available to clients from the US, Japan or Canada
  • Limited regulatory oversight if you sign up with the offshore branch
  • Telephone support available during office hours only
Awards
  • Best Overall Broker 2021 - DayTrading.com
  • Best Overall Broker 2020 - DayTrading.com
  • Best Overall Broker 2019 - DayTrading.com
  • Best Commodities Broker 2020 - Rankia Markets Experience Expo
  • Best Trading Experience 2020 - Forex Brokers Award
  • Best Forex Execution Broker 2019 - CFI.co Awards
  • Best CFD Broker Asia 2019 - International Business Magazine
  • Best Forex CFD Provider 2019 - Online Personal Wealth Awards
Instruments
CFDs on Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto Forex, CFDs, indices, commodities, bonds
Demo Account
Yes Yes
Minimum Deposit
$100 $100
Trading Platforms
  • WebTrader
  • App
  • MT4
  • MT5
  • TradingView
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA FCA, CySEC, FSA, LFSA, SC
Margin Trading
Yes No
STP Account
No No
ECN Account
No Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No Yes
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 Yes
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
Auto Trading
No Yes
Copy Trading
No No
Social Trading
No Yes
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 $0
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • ZAR
  • CZK
  • USD
  • EUR
  • GBP
  • PLN
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. Due to the prohibition of CFDs in the US, Plus500 doesn’t facilitate CFD trading for US customers. However, the company does provide access to a new platform called TradeSniper, specifically tailored for trading futures, which is accessible to US traders. Speculate on the price movement of 500+ instruments including forex, stocks, commodities and crypto with a low minimum deposit of $100. You can go long or short with leverage in line with regulatory requirements.
Leverage
1:30 1:500
FTSE Spread
1.2 0.9
GBPUSD Spread
1.1 0.3
Oil Spread
0.04 0.4
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. Trade 60+ major, minor and exotic currency pairs, including GBP/USD, EUR/GBP, and ZAR/USD, with spreads as low as 0 pips and ultra-fast execution speeds.
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 0.3
EURUSD Spread
0.6 0.1
EURGBP Spread
1.4 0.4
Assets
60+ 62
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. Crypto trading not offered
Spread
Variable Variable
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • IOTA
  • NEO
  • EOS
  • XMR
  • BTC
  • ETH
  • LTC
  • ADA
  • XRP
  • LINK
  • SOL
  • EOS
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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