Plus500 vs Saxo Bank

Plus500 or Saxo Bank – which is better for UK traders 2021? Compare Plus500 and Saxo Bank in this detailed breakdown of their platforms, features and fees.

Plus500 vs Saxo Bank Comparison Table 2021
Plus500 Saxo Bank
An investor with a Plus500 account can trade CFDs on underlying financial instruments such as Forex, Stocks, Commodities, Cryptocurrency (Availability subject to regulation), Options and Indices. With tight spreads and no commission, they are a leading global brand. A regulated bank, Saxobank offer Equities and Forex trading on 40,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms
72% of retail CFD accounts lose money.
FCA Regulated
✓ Yes ✓ Yes
Awards
  • Best Overall Broker 2021 - DayTrading.com
  • Best Overall Broker 2020 - DayTrading.com
  • Best Overall Broker 2019 - DayTrading.com
  • Best Trading App 2019 - DayTrading.com
Instruments
Stocks, Options, CFD, Forex, Crypto Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, bonds, ETFs
Bonus Offer
None None
Demo Account
✓ Yes ✓ Yes
Minimum Deposit
$100 £500
Payment Methods
BPAY, Credit Card, Debit Card, Diners Club, Giropay, iDeal, JCB Card, M-Pesa, Mastercard, Neteller, PayPal, Skrill, Swift, Trustly, Visa, Webmoney, Western Union, Wire Transfer Credit Card, JCB Card, Mastercard, Visa, Wire Transfer
Minimum Trade
Varies by asset Vary by asset
Regulator
FCA, MAS, CySec, ASIC, ESMA DFSA, MAS, FCA, SFC
MetaTrader 4
✗ No ✗ No
MetaTrader 5
✗ No ✗ No
cTrader
✗ No ✗ No
DMA Account
✗ No ✗ No
ECN Account
✗ No ✓ Yes
Mobile Apps
iOS, Android and Windows SaxoTraderGo (iOS, Android, Windows)
Auto Trading
✗ No ✗ No
Trade Signals
✗ No ✓ Yes
Social Trading
✗ No ✗ No
Copy Trading
✗ No ✗ No
Islamic Account
✗ No ✓ Yes
CFD
Leverage
1:30 1:30
FTSE Spread
Variable 1.2 pts (Variable)
GBPUSD Spread
Variable 0.7 (var)
Oil Spread
Variable 0.03
Stocks Spread
Variable 0.10% (subject to min commission)
Forex
Plus500 Offer forex trading via CFDs with tight variable spreads and a range of well over 70 currency pairs. Free Unlimited Demo Account.
GBPUSD Spread
Variable 0.7 (varies by region)
EURUSD Spread
Variable 0.2 (varies by region)
EURGBP Spread
Variable 0.6 (varies by region)
Assets
70+ 40+
Forex App

Plus500 have developed their mobile apps to match the WebTrader online platform . Secure, reliable and uncomplicated, 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.

Cryptocurrency
CFDs in cryptocurrency and crypto indices trading offered - Availability subject of regulation Crypto trading not offered
Spread
Variable
Coins
BCH, BTC, ETH, LTC, XRP, IOTA, NEO, EOS, XMR
Plus500 Saxo Bank
72% of retail CFD accounts lose money.
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