Comparison Plus500 vs Tastyworks
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Plus500 vs Tastyworks. Is Plus500 or Tastyworks a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. Plus500 has a commission fee of from 0.45%, and Tastyworks has a commission fee of $0. When analyzing trading options, the commission fees of Plus500 is from 2 pips, and that one of Tastyworks is $1. The full online broker reviews contains more detailed information on the brokers’ commission fees.
It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, Options Trading, ETFs Trading, Forex Trading, Futures Trading, Crypto Trading are provided to customers by Plus500 and Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Futures Trading are provided by Tastyworks. Concerning the platforms, Plus500 uses Web Platform, Android App, iOS App, while Tastyworks uses Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, Android App, iOS App.
In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. Plus500 was established in 2008 in Israel, and it is regulated by FCA, CySEC, FSCA, FMA, MAS, ISA, ASIC. And Tastyworks was established in 2017 in United States, and it is regulated by FINRA, NFA and SIPC. Withdrawal of funds from Plus500 can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of £0. And Tastyworks provides the ability to withdraw funds using Bank Wire with a withdrawal fee of $25-45. The withdrawal time for Plus500 is 1-2 working days, and that one for Tastyworks is 3 business days.
As a result, the rating of Plus500 is 4 stars versus that of Tastyworks of 4 stars.