Videforex vs Plus500

Videforex or Plus500 – which is better for UK traders 2024? Compare Videforex and Plus500 in this detailed breakdown of their platforms, features and fees.

Videforex vs Plus500 Comparison Table 2024
Videforex Plus500
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3.4
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4.1
Videforex is ranked #6 among binary options brokers. Plus500 is ranked #21 among CFD brokers.
Review
Review
Launched in 2017, Videforex offers access to stock, index, crypto, forex and commodities markets via binary options and CFDs. The proprietary platform, mobile app and integrated copy trading are user-friendly and will suit new and casual traders, and the market analysis tools and trading contests provide good ways to improve your trading skills. 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.
81% of retail CFD accounts lose money.
Pros
  • Videforex allows you to enter positions with just ¢0.01
  • You can easily mirror the trades of experienced investors with low fees
  • Traders can earn up to 98% payouts on 100+ assets with the broker’s binary options, which is in line with competing brands like IQCent
  • The firm facilitates both trading and binary options which is great for those looking to diversify their portfolios
  • Videforex regularly runs trading contests, offering great practice opportunities and cash prizes to beginners and experienced traders
  • The support times are fast and reliable based on tests - few brokers offer 24/7 multi-lingual video support
  • Global clients can make free and fast transfers via a wide range of payment types, from credit cards to cryptocurrencies
  • Plus500 provides a specialized WebTrader platform designed explicitly for CFD trading, offering a clean and uncluttered interface
  • The broker offers commission-free trading on a diverse range of markets, minimizing additional fees while appealing to established traders
  • Plus500 has recently bolstered its suite of short-term trading products, including introducing VIX options with enhanced volatility
  • You can utilize leverage while engaging in long or short positions, allowing for more strategic trading opportunities
  • The customer support team continue to provide reliable 24/7 support via email, live chat and WhatsApp
Cons
  • No MetaTrader 4 integration
  • The broker isn’t overseen by a trusted regulatory agency
  • US clients aren’t accepted due to legal restrictions
  • Plus500’s lack of support for MetaTrader or cTrader charting tools might be a deal breaker for advanced traders looking for familiarity
  • Educational resources are limited compared to best-in-class brokers like eToro, impacting the learning curve for beginners
  • The absence of social trading means users can’t follow and replicate the trades of experienced traders
  • Compared to some competitors, especially IG, Plus500’s research and analysis tools are limited
  • Algo trading and scalping are not supported, which may deter some traders
Awards
  • Best Overall Broker 2021 - DayTrading.com
  • Best Overall Broker 2020 - DayTrading.com
  • Best Overall Broker 2019 - DayTrading.com
FCA Regulated
No

List of FCA Regulated Brokers

Yes
Instruments
Binary Options, CFDs, Forex, Indices, Commodities, Crypto CFDs on Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto
Bonus
20% to 200% Deposit Bonus
Demo Account
Yes Yes
Minimum Deposit
$250 $100
Payment Methods
Minimum Trade
$0.01 0.01 Lots
Regulator
FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA
Mobile Apps
Android iOS, Android & Windows
Trading App

Videforex stands out with its comprehensive and user-friendly mobile trading solution, offering short-term binaries across a wide range of assets. The web-accessible application is fast, intuitive, and perfect for beginners, complete with a helpful guide upon first use. Videforex’s ongoing enhancements, including the addition of candlestick charts for technical analysis, further enrich the user experience.

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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4.1
Android App Rating
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4.4
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4.3
Margin Trading
Yes Yes
MetaTrader 4
No No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
Yes 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 Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
Yes No
Auto Trading
Yes No
Copy Trading
Yes No
Copy Trading Platform
Videforex offers an integrated copy trading service where users can automatically or manually replicate the positions of other traders. Simply choose a trader and asset class and specify the investment amount.
Social Trading
Yes No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
Yes No
Demo Competitions
No No
Ethical Investing
No Yes
Custodial Account
No No
Guaranteed Stop Loss
Yes Yes
Inactivity Fee
$10 $10
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • RUB
  • USD
  • EUR
  • GBP
  • AUD
  • ZAR
  • CZK
Commodities
  • Gold
  • Oil
  • Copper
  • Copper
  • Cotton
  • Coffee
  • Livestock
  • Sugar
  • Gasoline
  • Cocoa
  • Platinum
  • Soybeans
  • Oil
  • Gold
  • Silver
  • Corn
  • Aluminium
  • Palladium
  • Wheat
CFD
Videforex CFDs are available on forex, indices, cryptocurrencies and commodities with up to 1:500 leverage and tight spreads from near zero. CFDs incur a commission fee of 1%–2.5% and up to 5% for leveraged trades. 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
1:500 1:30
FTSE Spread
Floating from 0.2 1.2
GBPUSD Spread<
Floating from 0.1 1.1
Oil Spread
Floating from 0.05 0.04
Stocks Spread
NA 0.08
Forex
Trade 35 major, minor and exotic forex pairs through CFDs with floating spreads from 0.1 pips. Alternatively, binary options allow you to speculate on rising and falling prices with a fixed stake and payout. 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
35 60+
GBPUSD Spread
Floating from 0.1 pips 1.1
EURUSD Spread
Floating from 0.1 pips 0.6
EURGBP Spread
Floating from 0.1 pips 1.4
Cryptocurrency
Traders can speculate on crypto prices in pairs with USD and CNY through binary options and CFDs. The range of digital currencies is fairly narrow vs alternatives but major tokens like Bitcoin are available. 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.
Spread
Floating Variable
Coins
  • BTC
  • ETH
  • QUANT
  • UNI
  • SOL
  • BNB
  • DOGE
  • XRP
  • XMR
  • MATIC
  • USDT
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • IOTA
  • NEO
  • EOS
  • XMR
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
Binary Options
Videforex continues to offer binary options with 20% payouts on crypto and up to 98% on less volatile assets, beating many competitors. A wide range of contract lengths are also supported from 5 seconds up to 1 month. New users will appreciate the welcome deposit bonus.
Payout
98%
Expiration Times
5 seconds - 1 month
Boundary Options
No No
Ladder Options
No No
Videforex Plus500
Review
Review
81% of retail CFD accounts lose money.
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