Plus500 vs Saxo Bank

Plus500 or Saxo – which is better for UK traders 2025? Compare Plus500 and Saxo in this detailed breakdown of their platforms, features and fees.

Plus500 vs Saxo Comparison Table 2025
Plus500 Saxo
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4.1
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4
Plus500 is ranked #17 among CFD brokers. Saxo is ranked #65 among CFD brokers.
Review
Review
Founded in 2008 and based in Israel, Plus500 is a leading brokerage with over 25 million registered traders across more than 50 countries. It focuses on CFD trading, offering a user-friendly proprietary platform and mobile app. The company provides competitive spreads and does not impose commissions or charges for deposits or withdrawals. Plus500 stands out as a highly trusted broker, licensed by respected authorities such as the FCA, ASIC, and CySEC. Saxo Markets is a renowned trading brokerage, investment firm, and regulated bank. Featuring over 72,000 trading instruments, alongside investment products and managed portfolios, it provides abundant opportunities for clients. This reputable brand ensures transparent pricing and is protected by top-tier regulations from more than ten agencies, including FINMA, FCA, and ASIC.
82% of retail CFD accounts lose money. 66% of retail accounts lose money.
Pros
  • Plus500 offers a dedicated WebTrader platform tailored specifically for CFD trading. It features a user-friendly and streamlined interface.
  • In 2025, Plus500 expanded its range of share CFDs to include emerging sectors such as quantum computing and AI. This update opened up trading opportunities in stocks like IonQ, Rigetti, Duolingo, and Carvana.
  • The broker provides commission-free trading across a variety of markets, reducing extra charges and attracting experienced traders.
  • Plus500 has expanded its range of short-term trading instruments by adding VIX options, which feature increased volatility. Additionally, it has extended trading hours for seven stock CFDs.
  • Leverage can be used in trading both long and short positions, providing enhanced strategic opportunities.
  • The customer support team consistently delivers reliable support around the clock through email, live chat, and WhatsApp.
  • Advanced proprietary trading platforms featuring extensive charting options and sophisticated analysis tools.
  • Elite research centre offering specialised market analysis and exclusive forecasts, including 'Outrageous Predictions'.
  • Outstanding educational materials are available, such as podcasts, webinars, and expert-led videos.
  • Access to advanced external analysis tools, such as TradingView and Updata, is available.
  • The ISA account offers easy access and flexibility, as it incurs neither entry nor exit fees.
  • A well-regulated and reputable firm located in Switzerland.
  • Reduced fees with advanced account levels.
Cons
  • Plus500's omission of MetaTrader and cTrader charting tools may deter seasoned traders seeking familiar platforms.
  • Educational resources are not as extensive as leading brokers such as eToro, which affects beginners' ability to learn quickly.
  • The lack of social trading features prevents users from copying trades made by seasoned traders.
  • Compared to competitors like IG, Plus500 offers limited research and analysis tools.
  • Algorithmic trading and scalping are not available, potentially deterring certain traders.
  • Trading accounts require substantial financial investment.
  • A subscription is necessary to access Level 2 pricing.
  • Clients from certain regions, such as the US and Belgium, are not accepted.
Awards
  • Best Overall Broker 2021 - DayTrading.com
  • Best Overall Broker 2020 - DayTrading.com
  • Best Overall Broker 2019 - DayTrading.com
FCA Regulated
Yes Yes
Instruments
CFDs on Forex, Stocks, Indices, Commodities, ETFs, Futures, Options Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs
Demo Account
Yes Yes
Minimum Deposit
$100 £500
Payment Methods
Minimum Trade
Variable Vary by asset
Regulator
FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA DFSA, MAS, FCA, SFC, FINMA, AMF, CONSOB
Mobile Apps
iOS, Android & Windows SaxoTraderGo (iOS, Android, Windows)
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.
iOS App Rating
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4.1
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4.6
Android App Rating
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4.3
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4.6
Margin Trading
Yes No
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
No Yes
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 No
Spot Trading
No Yes
Auto Trading
No
Copy Trading
No No
Social Trading
No No
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
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • ZAR
  • CZK
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • SEK
  • DKK
  • CHF
Commodities
  • Copper
  • Cotton
  • Coffee
  • Livestock
  • Sugar
  • Gasoline
  • Cocoa
  • Platinum
  • Soybeans
  • Oil
  • Gold
  • Silver
  • Corn
  • Aluminium
  • Palladium
  • Wheat
  • Cattle
  • Lean Hogs
  • Gold
  • Silver
  • Natural Gas
  • Oil
  • Copper
  • Corn
CFD
Plus500 offers commission-free CFDs across various markets, including currencies, stocks, indices, and commodities. Traders can take long or short positions on popular assets, enjoying flexible leverage with no hidden charges. Trade over 8,900 CFDs, including forex, stocks, indices, commodities, options, and bonds. Utilise advanced tools and signals to enhance your trading experience.
Leverage
1:30 1:30
FTSE Spread
Dynamic 1.2 pts (Variable)
GBPUSD Spread<
Dynamic 0.7 (var)
Oil Spread
Dynamic 0.03
Stocks Spread
Dynamic 0.10% (subject to min commission)
Forex
Plus500 offers forex trading via CFDs with tight spreads on an extensive range of over 60 currency pairs. Our evaluation showed spreads as low as 0.6 pips for EUR/USD, which is significantly below many competitors' rates. Access top-tier liquidity across an extensive selection of 189 currency pairs and spot metals, as well as 130 forwards, with spreads starting as low as 0.4 pips.
Assets
60+ 40+
GBPUSD Spread
Dynamic 0.7 (varies by region)
EURUSD Spread
Dynamic 0.2 (varies by region)
EURGBP Spread
Dynamic 0.6 (varies by region)
Plus500 Saxo
Review
Review
82% of retail CFD accounts lose money. 66% of retail accounts lose money.
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