Swyftx vs Plus500

Swyftx vs Plus500 Comparison Table 2024
Swyftx	Plus500
Review 2.6	Review 4.1

Swyftx is an Australian cryptocurrency exchange offering 330+ products, with an impressive $27+ billion in trading volume. The brand is trusted by 600,000+ customers thanks to its competitive fee structure, ISO 27001 security protection and feature-rich trading app.	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.
Customer Reviews
	3 Based on 1 Plus500 customer reviews
Comment by Reviewer
"Swyftx will appeal to new crypto traders looking to buy, sell, trade and lend popular tokens like Bitcoin. With Australian roots and support for AUD, it will serve Aussie traders particularly well."	"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."
Pros
Over 300 cryptocurrencies available, including popular coins like Bitcoin and Ethereum, as well as other altcoins User-friendly mobile platform with real-time performance tracking, demo mode and a fully customizable dashboard Regulated by the Australian Transaction Reports and Analysis Centre (AUSTRAC) as a digital currency exchange provider Several fiat funding methods accepted in AUD or NZD with no deposit charges An option to set recurring deposits for automated cryptocurrency investments ISO 27001 certification, 2FA/biometric logins and cold storage solutions Transparent fee structure with spreads as low as 0.41% You do not need to upload documents or photos	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
Cons
Poor exchange rates may impact your deposits negatively if you don't transfer in AUD or NZD Swyftx is currently only available to customers in Australia and New Zealand You need to have a call with an operator to be able to withdraw your funds Swyftx does not allow users to deposit or withdraw money using PayPal Live chat response times are slower than many alternatives	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
Awards
	Best Overall Broker 2021 - DayTrading.com Best Overall Broker 2020 - DayTrading.com Best Overall Broker 2019 - DayTrading.com
Instruments
Cryptos	CFDs on Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$30	$100
Trading Platforms
Own	WebTrader App
Payment Methods
Bitcoin Payments PayID	Apple Pay Credit Card Debit Card Mastercard PayPal Skrill Trustly Visa Wire Transfer
Minimum Trade
$1	0.01 Lots
Regulator
AUSTRAC	FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA
Margin Trading
No	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
No	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
No	No
Mobile Apps
iOS & Android	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
Auto Trading
	No
Copy Trading
No	No
Social Trading
No	No
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	Yes
Custodial Account
No	No
Guaranteed Stop Loss
No	Yes
Inactivity Fee
	$10
Islamic Account
No	Yes
Account Currencies
	USD EUR GBP AUD ZAR CZK
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
CFD Trading
CFD trading not offered	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.
Leverage
	1:30
FTSE Spread
	1.2
GBPUSD Spread
	1.1
Oil Spread
	0.04
Stocks Spread
	0.08
Forex Trading
Forex trading not offered	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.
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
EURUSD Spread
	0.6
EURGBP Spread
	1.4
Assets
	60+
Cryptocurrency
Access a decent line-up of 330+ cryptocurrencies with low fees. Invest in popular token like Bitcoin, Ethereum, Tether and Ripple which can be bought, sold, transferred or stored on the broker's proprietary desktop and mobile platforms.	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.
Spread
Variable	Variable
Coins
ZRX 1INCH AAVE ACM ADX ELF AERGO DLT AION AST AKRO ALGO TLM ALPHA AMB FORTH ANKR APPC ANT ARDR ARK ARPA ASR AUDIO REP AUTO AVAX AXS BADGER BAL BNT BAND BAT BEL BNB BUSD BTC BCH BCD BTG BTS BTT CDT BLZ AUCTION BRD BTCST BZRX ADA CTSI CELR CELO CTK LINK CHZ CHR CND CVC COCOS COMP CFX COS CTXC ATOM COTI CRV DASH MANA DCR DEGO DENT YFII DIA DGB DNT DODO DOGE DREP DUSK EPS EGLD ENJ EOS ETH ETC ERN EVX FTM BAR FET FIO FLM FLOW FOR FRONT FTT FUN GVT GTO GTC GO GLM GRS GXS HARD ONE HBAR HNT HIVE HOT ZEN ICX IDEX RLC INJ ICP IOST IOTA IOTX IRIS JST JUV KAVA KEEP KMD KSM KNC LINA LSK LTC LIT LPT LOOM LRC LTO MFT MKR OM MASK MDX MDT MTL MIR MITH MDA MTH MBL ALICE NANO NAV NEAR NEBL NAS XEM NEO GAS CKB NBS NXS NKN NU NULS NMR ROSE OAX OCEAN OMG ONT ONG OXT OGN ORN CAKE PSG PAXG PAX PERL PERP PHA PNT POA DOT POLS MATIC POLY PPT POWR PUNDIX QLC QTUM QNT QSP QKC QUICK RDN RAMP RVN REEF REN REQ RSR XRP RIF SCRT KEY SRM SHIB SC AGIX SKL SKY SOL SNM STX FIS STPT SNT STEEM XLM STORJ STMX DATA SUN SUPER SUSHI SXP SNX SYS WABI TRB LUNA TVK XTC GRT SAND THETA TFUEL RUNE TCT TOMO TORN AVA TRX TROY TRU TUSD TWT UMA UNFI UNI USDC USDT UTK VET XVS XVG VTHO VIA VIB VIDT VITE VGX WTC WAN WAVES WRX WPR WING WIN WBTC WNXM YFI YOYO ZEC ZIL	BCH BTC ETH LTC XRP IOTA NEO EOS XMR
Crypto Lending
Yes	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
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