5 Alternatives to Plus500: Discover the Best Online Trading Platforms

Plus500

vs.

CommSec

56

Plus500 and CommSec are two popular online trading platforms that offer similar features, such as a wide range of markets and instruments to trade, access to real-time market data, educational resources, and user-friendly web-based platforms. Both allow users to create watchlists of their chosen assets and monitor performance in real time. However, there are some differences between the two websites. Plus500 has more than 2000 instruments available for trading, including CFDs (contracts for difference), forex pairs, stocks, indices, commodities and cryptocurrencies. It also offers a mobile app for trading on the go and advanced charting tools. CommSec has fewer tradable instruments - mainly ASX listed shares - but is one of the only Australian stockbrokers to offer direct access to US markets. It also provides a range of research resources such as company reports and news articles. Both websites provide customer support by phone or email as well as live chat options for urgent queries.

Plus500

vs.

Coinbase

46

Plus500 and Coinbase are both online trading platforms that allow users to buy, sell, and trade digital assets. Plus500 provides a wide selection of tradable instruments including forex, stocks, indices, commodities, ETFs, options and cryptocurrencies. Users can access the platform via web browser or mobile app for iOS and Android devices. The platform also offers risk management tools such as stop loss orders and trailing stops as well as educational resources such as tutorials, webinars and market analysis. Coinbase is an online trading platform that allows users to buy, sell, store and trade digital currencies such as Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC). It also provides advanced trading tools such as limit orders for more experienced traders. Coinbase’s user-friendly platform makes it easy for both beginners and experienced traders to access the market. It also provides a variety of educational resources including tutorials on how to use the platform.

Plus500

vs.

DEGIRO

74

Plus500 and DEGIRO are both online trading platforms that allow users to access the financial markets. Both have a range of features that make them suitable for experienced traders as well as those who are new to the investment world. Plus500 offers a comprehensive selection of assets, including stocks, forex, indices and commodities, making it suitable for anyone looking to trade in multiple markets. The platform allows users to open long and short positions and includes advanced charting tools with over 50 technical indicators. Both manual and automated trading strategies can be employed on the Plus500 platform. DEGIRO is another popular online trading platform, but with a narrower focus than Plus500. It offers access to just two asset classes: stocks and ETFs. Advanced charting tools are not available on this platform but there is an integrated order book view which makes it easier for users to track their investments in real-time. Automated trading strategies cannot be used on DEGIRO, but the platform does offer a portfolio overview feature which can help investors maintain an optimal asset allocation across different markets. Overall, Plus500 provides more features than DEGIRO and is better suited for traders looking for a broad range of assets and advanced charting options, while DEGIRO may be better suited for those who want an easy-to-use platform with limited features focusing only on stocks and ETFs.

Plus500

vs.

eToro

105

Both Plus500 and eToro are trading platforms that give users access to a variety of different markets including Forex, Stocks, Cryptocurrency and Commodities. Plus500 offers a range of tools and features such as real-time quotes, technical analysis tools, news feeds and charting software to enable traders to make informed decisions about their investments. eToro also has similar features such as market data updates, automated trading options and the ability to copy other traders’ strategies. However, eToro also has an additional feature which allows traders to interact with other investors through a social network-style platform called CopyTrader. This enables users to both post trading ideas and copy successful strategies from other traders on the platform. Both websites require no minimum deposit and offer demo accounts for users to practice with virtual money before investing real funds.

Plus500

vs.

EasyEquities

36

Plus500 and EasyEquities are both online brokers that provide access to a variety of markets, such as stocks, commodities, and currency pairs. Both websites offer a range of tools and features to help users manage their portfolios and make informed decisions when trading. Plus500 has an intuitive platform with a range of charting options, technical indicators, and advanced trading tools. The website also offers educational resources such as webinars, market analysis, and news updates. Plus500 offers competitive spreads on CFDs for major markets like Forex, indices, shares, and commodities. EasyEquities has a user-friendly interface with easy-to-use tools for researching stocks and making trades. They offer market insights from analysts to help customers make informed decisions. EasyEquities also has an extensive stock selection from around the world including the US, UK, South Africa, Europe and Australia. They offer low fees compared to other brokers with no minimum deposits or trade sizes. Overall both websites provide comprehensive features for traders looking to gain access to different types of markets but have slightly different fee structures so users should investigate which is best suited to their needs before committing to one broker over the other.

Plus500

vs.

Hargreaves Lansdown

36

Plus500 and Hargreaves Lansdown are two of the UK’s leading online trading platforms. Plus500 is known for its user-friendly web platform, which allows users to quickly execute trades with their mobile device or desktop computer. Additionally, Plus500 offers a wide range of asset classes such as Forex, stocks, indices and commodities. With multiple account types available, traders can customize their trading experience according to their needs and preferences. Hargreaves Lansdown provides a full-service broker solution that includes a comprehensive suite of features including stock research tools, portfolio tracking, charting capabilities and more. It also offers an extensive list of asset classes including stocks, ETFs, mutual funds, bonds and more. Additionally, the brokerage firm has over 3 million clients worldwide making it one of the most popular platforms in the UK. Overall, both services offer a comprehensive set of features and access to a variety of financial markets that make them attractive options for investors looking to gain exposure in the markets. However, when choosing between these two services it is important to consider your own individual needs and preferences in order to find the best fit for you.

Plus500

vs.

Instagram

12

Plus500 and Instagram are both websites that are used to offer users a range of services. Plus500 is an online trading platform that allows traders to buy and sell shares, commodities, currencies and other financial instruments. On the other hand, Instagram is an online photo-sharing application where users can upload photos and videos, interact with friends and followers, create stories and explore popular content. The main difference between Plus500 and Instagram is the type of services offered. Plus500 offers traders the ability to trade a variety of assets while Instagram focuses on sharing photos and videos with friends and family. Both sites also offer account management options for users to make changes to their accounts or access additional features. Plus500 has a few more features than Instagram including charting tools such as technical indicators, price alerts and trading bots which allow traders to make informed decisions about when to buy or sell their assets. On the other hand, Instagram has some advanced features such as filters, stories, geotagging and live video streaming which allow users to easily share content with others in creative ways. Overall, regardless of their differences in function, both Plus500 and Instagram provide users with unique services that can be used in different ways.

Plus500

vs.

IQ Option

86

Plus500 and IQ Option are two popular online trading platforms that offer a range of features for traders. Plus500 is a global provider offering access to CFDs, including stocks, indices, commodities, cryptocurrencies and forex. It has an intuitive user interface with advanced charting tools and real-time data analysis. The platform also offers automated trading options such as Expert Advisors (EAs) and copy trading capability. IQ Option provides access to a range of markets including stocks, ETFs, indices and cryptocurrencies. Its user-friendly interface includes technical indicators and charting tools to help traders make informed decisions. The platform also offers several different types of order execution such as limit orders, stop orders and trailing stops. In addition, IQ Option provides users with educational materials on financial markets to help them build their knowledge base.

Plus500

vs.

Robinhood

26

Plus500 and Robinhood are both investment platforms that offer the ability to buy, sell and trade a wide variety of assets such as stocks, ETFs, options, cryptocurrencies and commodities. Both websites feature an easy-to-navigate user interface for traders of all skill levels to make financial decisions quickly and easily. Plus500 offers an intuitive charting package with a range of advanced technical indicators, real time quotes and news feeds. The website also provides tools such as stop loss orders, limit orders and trailing stops to help manage risk. Plus500 also features advanced order types including market execution, one click trading and price alerts. Robinhood is more user friendly than Plus500 as it does not require a minimum deposit or any ongoing fees, meaning users can start investing right away with no upfront costs. It also offers a mobile app which allows investors to access their account on the go. However, Robinhood only offers two basic order types - market orders and limit orders - so it is not as feature rich as Plus500 when it comes to advanced order types. In conclusion, both websites offer the same basic services but differ in terms of features and cost structure. For advanced traders looking for more control over their investments, Plus500 may be the better option due to its comprehensive range of order types and technical analysis tools. On the other hand, for those who want an easy entry into trading with minimal costs Robinhood may be preferable due to its lack of fees and user friendly interface.

Plus500

vs.

Revolut

55

Plus500 and Revolut are both online trading platforms that offer a range of services for experienced and inexperienced traders alike. Both platforms have user-friendly interfaces, with Plus500 offering a customisable dashboard and Revolut featuring an easy-to-navigate mobile app. Plus500 offers a wide range of asset classes such as stocks, indices, commodities, ETFs, cryptocurrencies, forex pairs and options. It also provides in-depth analysis tools to help users make informed decisions. Additionally, it offers multiple order types including limit orders, take profits, stop losses and trailing stops. Revolut is an online brokerage platform designed to simplify trading by providing novice traders with an easy way to invest in stocks at low fees. It allows users to invest in thousands of stocks from all over the world without worrying about exchange rates or fees. Additionally it offers access to cryptocurrencies like Bitcoin and Ethereum as well as advanced charting capabilities for experienced traders. Both Plus500 and Revolut offer their users a secure environment for online trading with multiple payment methods available on each platform. Plus500 is regulated by the Financial Conduct Authority (FCA), while Revolut is authorised by the FCA but not regulated by it. Therefore when deciding which platform to use both traders’ individual needs should be taken into account.

Plus500

vs.

Trading212

33

Plus500 and Trading 212 are both online trading platforms, offering customers the opportunity to invest in various financial instruments such as stocks, commodities, indices and currency pairs. Both websites provide an easy-to-navigate user interface and allow users to access their accounts from any device. Plus500 offers a wide range of investment tools including orders, stop losses and alerts for when certain conditions are met. The platform also has a demo account for new investors to practice before investing real money. Plus500 also offers free trading signals for seasoned traders looking for opportunities in the market. Trading 212, on the other hand, provides its users with a powerful charting tool that allows them to analyze trends quickly and accurately. The platform also provides educational resources such as webinars, articles and live webcasts. Trading 212 offers several different account types tailored to different levels of experience and investment goals. Additionally, users can take advantage of the company's advanced risk management tools which include leverage limits and margin calls.

Plus500

vs.

Vanguard

4

Plus500 and Vanguard are both online trading platforms that offer customers the ability to trade stocks, ETFs, forex and other financial markets. Plus500 offers a variety of sophisticated tools for traders of all levels, such as advanced charting capabilities and access to numerous trading algorithms. Plus500 is also integrated with a range of third-party services including copy-trading, automated signals and social trading. Vanguard offers its own suite of resources designed for investors who want to build their portfolios from scratch or diversify their current investments. With Vanguard you can access a wide selection of mutual funds, ETFs and stocks as well as manage your holdings through portfolio-building tools like Asset Allocation Models or Portfolio Selection Strategies. Both platforms have mobile apps that let you monitor your trades on the go, but Plus500’s app includes extended features such as real-time price alerts and the ability to quickly open new positions.