Plus500 vs Binance
Plus500 or Binance – which is better for UK traders 2024? Compare Plus500 and Binance in this detailed breakdown of their platforms, features and fees.
Plus500 | Binance |
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Plus500 is ranked #23 among CFD brokers. | Binance is ranked #83 among crypto brokers. |
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. |
Binance is being sued by the SEC for a range of securities violations, including the commingling of client funds and 'wash trading' against its customers to artificially increase crypto prices. Your funds may be at risk if you trade with Binance. We do not recommend making any deposits.
Binance is one of the best-known crypto exchanges. The company is available in more than 180 countries with over 120 million registered customers. The platform offers a suite of crypto trading products, from staking and NFTs to derivatives. |
80% of retail CFD accounts lose money. | |
Pros | |
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Cons | |
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Awards | |
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FCA Regulated | |
Yes | No |
Instruments | |
CFDs on Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto | Cryptos |
Demo Account | |
Yes | No |
Minimum Deposit | |
$100 | $0 |
Payment Methods | |
Minimum Trade | |
0.01 Lots | $10 |
Regulator | |
FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA | |
Mobile Apps | |
iOS, Android & Windows | Yes |
Trading 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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iOS App Rating | |
Android App Rating | |
Margin Trading | |
Yes | Yes |
MetaTrader 4 | |
No | No |
MetaTrader 5 | |
No | No |
cTrader | |
No | No |
AlgoTrader | |
No | Yes |
OmniTrader | |
No | No |
TradingView | |
No | No |
Autochartist | |
No | No |
eSignal | |
No | No |
Trading Central | |
No | No |
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 | |
Yes | No |
Market Maker | |
Yes | No |
P2P Trading | |
No | Yes |
Spot Trading | |
No | Yes |
Auto Trading | |
No | |
Copy Trading | |
No | No |
Social Trading | |
No | No |
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 | No |
Account Currencies | |
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Commodities | |
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CFD | |
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 | |
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. | |
Assets | |
60+ | |
GBPUSD Spread | |
1.1 | |
EURUSD Spread | |
0.6 | |
EURGBP Spread | |
1.4 | |
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. | Binance is one of the world's largest crypto exchanges. There is a vast range of products available including Binance Pool, Staking and an NFT Marketplace. |
Spread | |
Variable | Variable fees with account tiers |
Coins | |
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Crypto Lending | |
No | Yes |
Crypto Mining | |
No | No |
Crypto Staking | |
No | Yes |
Auto Market Maker | |
No | No |
Plus500 | Binance |
80% of retail CFD accounts lose money. | |
More Comparisons | |
Plus500 vs |
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