Comparison Plus500 vs Trading 212
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Plus500 vs Trading 212. Which of them: Plus500 or Trading 212 a better online broker?
First of all, we’ll compare the commission fees of the two brokers. The commission fee of Plus500 on regular transactions of the stock exchange is from 0.45%, and Trading 212 has a commission fee of 0. For trading in Forex, the commission fee of Plus500 is from 0.6 pips, while the commission fee of Trading 212 is 0.8 average spread for EUR/USD. We can also analyze commission fees for trading CFD: they are from 0.065% in Plus500 vs fees built into spreads in Trading 212. You can read more detailed information on commission fees in the online broker reviews.
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, ETFs Trading, Forex Trading are provided by Trading 212. Concerning the platforms, Plus500 uses Web Platform, Android App, iOS App, while Trading 212 uses Web Platform, Android App, iOS App.
Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. Plus500 was established in 2008 in Israel, and it is regulated by FCA, CySEC, FSCA, FMA, MAS, ISA, ASIC. And Trading 212 was established in 2004 in Bulgaria, and it is regulated by FCA, FSC. We can withdraw funds from Plus500 with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is £0. And Trading 212 provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is 0. The withdrawal time for Plus500 is 1-2 working days, and that one for Trading 212 is 0-5 days.
As a result, the rating of Plus500 is 4 stars versus that of Trading 212 of 4.3 stars.