Zenfinex vs Plus500

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

Zenfinex vs Plus500 Comparison Table 2024
Zenfinex Plus500
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4.1
Zenfinex is ranked #97 among CFD brokers. Plus500 is ranked #22 among CFD brokers.
Review
Review
Zenfinex is a UK-headquartered broker offering social trading, low fees and MT4. 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
  • 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
  • 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
Yes Yes
Instruments
Forex, CFDs, indices, commodities CFDs on Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto
Demo Account
Yes Yes
Minimum Deposit
$50 $100
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FCA, SVGFSA FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA
Mobile Apps
Yes 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
Android App Rating
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4.3
Margin Trading
No Yes
MetaTrader 4
Yes No
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No No
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
No Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
No No
Auto Trading
Yes No
Copy Trading
Yes No
Copy Trading Platform
Zenfinex offers social copy trading through the interactive iOS and Android ZenConnect mobile app. Investors can buy and sell on the financial markets using the tips and positions of other traders.
Social Trading
Yes No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No Yes
Custodial Account
No No
Guaranteed Stop Loss
No Yes
Inactivity Fee
$10
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • ZAR
  • CZK
Commodities
  • Gold
  • Silver
  • Copper
  • Cotton
  • Coffee
  • Livestock
  • Sugar
  • Gasoline
  • Cocoa
  • Platinum
  • Soybeans
  • Oil
  • Gold
  • Silver
  • Corn
  • Aluminium
  • Palladium
  • Wheat
CFD
Leveraged contracts for difference are available on multiple financial markets. 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 (UK), 1:400 (Global) 1:30
FTSE Spread
2.0 1.2
GBPUSD Spread<
0.3 1.1
Oil Spread
0.05 0.04
Stocks Spread
N/A 0.08
Forex
Ultra competitive spreads are available on forex pairs at Zenfinex. 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
50+ 60+
GBPUSD Spread
0.3 1.1
EURUSD Spread
0.1 0.6
EURGBP Spread
0.3 1.4
Zenfinex Plus500
Review
Review
81% of retail CFD accounts lose money.
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