image Plus500 VISIT PLUS500 image Markets.com VISIT MARKETS.COM image City Index VISIT CITY INDEX
About

Plus500 UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909). Plus500 have provided CFD trading services since 2008.

Markets.com is regulated by CySEC, Financial Services Board. Markets.com have provided Forex, Shares, Indices, Commodities, ETF and CFD trading services since 2008.

City Index is regulated by the Financial Conduct Authority. City Index have provided Forex trading services since 1983.

Why choose them?
  • Yes Over 10 years in business
  • Yes Only provides CFDs
  • Yes Regulated by Financial Conduct Authority (FRN 509909) and Cyprus Securities and Exchange Commission (License No. 250/14)
  • Yes Over 10 years in business
  • Yes Segregates clients funds
  • Yes Regulated by CySEC, Financial Services Board
  • Yes Over 35 years in business
  • Yes Segregates clients funds
  • Yes Regulated by Financial Conduct Authority, ASIC and MAS
Headquarters Haifa, Israel 148 Strovolos Avenue, 2048 Strovolos, P.O.Box 28132, NICOSIA CYPRUS London, UK

TRADING SERVICES OFFERED

Spot Forex Yes Yes Yes
Forex (CFD) Yes Yes Yes
CFD Yes Yes Yes
Spread Betting No No Yes
Social Trading No No No
MARKETS & INSTRUMENTS
Forex (currency pairs) 61 56 84
Commodities Offered 17 0 26
Stocks Offered 1816 2000 4500
Bitcoin Yes Yes Yes
Majors Yes Yes Yes
Indices Yes Yes Yes
US Stocks Yes Yes Yes
Penny stocks No No Yes
Energies Yes Yes Yes
Metals Yes Yes Yes
Agriculturals Yes Yes Yes
FTSE Yes Yes Yes
Dow Jones Yes Yes Yes
Dax Yes Yes Yes
Nikkei Yes Yes Yes
ETFs Yes Yes Yes
IPO No No No
See all instruments

80.6% of retail investor accounts lose money when trading CFDs with this provider.

See all instruments

73% of retail investor accounts lose money when trading CFDs with this provider

See all instruments

72% of retail investor accounts lose money when trading CFDs with this provider

PLATFORM & FEATURES

See the platforms and features offered by each broker

Screenshot image image image
MT4 No Yes Yes
MT5 No Yes No
MT4 Mac No No No
WebTrader Yes Yes Yes
Mirror Trader No No No
ZuluTrade No No No
Sirix No No No
cTrader No No No
L2 Dealer No No No
PAMM No No Yes
Custom Platforms Plus500 WebTrader Safecap AT Pro, Advantage Web

APPS

iOS image Yes Yes Yes
Android image Yes Yes Yes
Windows image Yes No Yes
Available Languages

English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese

Arabic, Chinese, Dutch, English, French, German, Italian, Japanese, Norwegian, Polish, Romanian, Russian, Spanish, and Turkish

English, Spanish, German, Arabic, Polish, and Chinese

See platform & features

80.6% of retail investor accounts lose money when trading CFDs with this provider.

See platform & features

73% of retail investor accounts lose money when trading CFDs with this provider

See platform & features

72% of retail investor accounts lose money when trading CFDs with this provider

ACCOUNT INFORMATION

From micro accounts to ECN accounts, compare the accounts offered by Plus500 and Markets.com

Demo account Yes Yes Yes
Mini account No Yes Yes
Micro account No No Yes
Standard account Yes Yes Yes
ECN Account No No No
Islamic account Yes Yes No
Zero spread account No No No
VIP account No No No
Fixed spreads Yes Yes Yes
Variable spreads Yes Yes Yes
See account options

80.6% of retail investor accounts lose money when trading CFDs with this provider.

See account options

73% of retail investor accounts lose money when trading CFDs with this provider

See account options

72% of retail investor accounts lose money when trading CFDs with this provider

TRADING CONDITIONS

Scalping No Yes No
Hedging No Yes Yes
Expert advisors (EAs) No Yes Yes
Virtual private server No No No
Direct market access No No No
STP broker No No Yes
Market maker Yes Yes Yes
Min trade Varies 0.01 Lot 1 Lot
Max trade Varies None Varies
Min deposit $100 $100 $25

RISK MANAGEMENT

Stop losses Yes Yes Yes
Limit orders Yes Yes Yes
One-click trading No Yes Yes
Trailing stops Yes Yes Yes
Price alerts Yes Yes Yes
Signal trading No Yes Yes

FUNDING METHODS

Credit card Yes Yes Yes
Bank transfer Yes Yes Yes
Standard account Yes Yes Yes
Paypal Yes Yes No
Neteller No No No
Skrill Yes No No
Payment processing time Varies Varies 2-3 business days
Withdrawal processing time Varies Varies 2-3 business days
See all funding options

80.6% of retail investor accounts lose money when trading CFDs with this provider.

See all funding options

73% of retail investor accounts lose money when trading CFDs with this provider

See all funding options

72% of retail investor accounts lose money when trading CFDs with this provider

DETAILED INFO

Excluded countries AF, DZ, AS, AO, AU, BE, BA, BR, KH, CA, CN, CU, KR, GU, GY, HK, ID, IR, IQ, IL, JP, LA, MO, MY, MM, NZ, MP, PA, PG, PH, PR, RU, SG, KR, SD, SY, TW, TH, TR, UG, VI, VU, USA, VN, YE AF, DZ, AS, AO, AU, BE, BA, BR, KH, CA, CN, CU, KR, GU, GY, HK, ID, IR, IQ, IL, JP, LA, MO, MY, MM, NZ, MP, PA, PG, PH, PR, RU, SG, KR, SD, SY, TW, TH, TR, UG, VI, VU, USA, VN, YE US, CF, TD, CG, CG, CI, CU, GN, ER, GN, FR, GW, HT, IR, IQ, KR, LB, LR, LY, MM, NZ, NG, SL, SO, SD, SY, TM, UZ, VE, EH, YE, ZW
Contact email Send Email Send Email Send Email
phone number No 357-2-203-0583 0845 355 0801
Live Chat Yes Yes Yes
Website http://www.plus500.co.uk/ https://www.markets.com www.cityindex.co.uk
Forex Spreads
EUR/USD 0.60 0.50
GBP/USD 0.01 0.30 0.80
USD/JPY 0.02 0.20 0.50
AUD/USD 0.01% 3.0 0.5
Cryptocurrency Spreads 0.64% 12.0 70
View all FX spreads

80.6% of retail investor accounts lose money when trading CFDs with this provider.

View all FX spreads

73% of retail investor accounts lose money when trading CFDs with this provider

View all FX spreads

72% of retail investor accounts lose money when trading CFDs with this provider

INDICE SPREADS
Dax 30 0.01% 2 1.0
Nasdaq 100 0.03% 1.50 1.0
Euro Stoxx 50 0.06% 2 2.0
ASX 200 0.04% 1.0
S&P 500 0.02% 1 0.4
FTSE 100 0.02% 2 1.0
Google 0.0013 1.25 0.0015
Facebook 0.0022 0.2 0.0015
View all spreads

80.6% of retail investor accounts lose money when trading CFDs with this provider.

View all spreads

73% of retail investor accounts lose money when trading CFDs with this provider

View all spreads

72% of retail investor accounts lose money when trading CFDs with this provider

FEES

Inactivity Fee Yes Yes Yes
Commission No No 0.0015
Deposit Fee No No Varies
Withdrawal Fee No No Varies
View All Fees

80.6% of retail investor accounts lose money when trading CFDs with this provider.

View All Fees

73% of retail investor accounts lose money when trading CFDs with this provider

View All Fees

72% of retail investor accounts lose money when trading CFDs with this provider

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Last update

All information collected from http://www.plus500.co.uk/. Last updated on 01/05/2019.

All information collected from https://www.markets.com. Last updated on 01/05/2019.

All information collected from www.cityindex.co.uk. Last updated on 01/05/2019.

Company

Plus500 is an online trading service provider who are regulated by the Financial Conduct Authority (UK). To open an account with Plus500, minimum deposits start from £100.

With Plus500 you can trade CFDs on currencies, stocks, bonds, commodities, indices, bitcoin, options, and ETFs. If you like to trade on the go, Plus500 have iPhone, iPad and Android apps so you can trade from anywhere on your phone.

Plus500 offer a downloadable Windows Trader and their popular WebTrader platforms to make your trades and offer support for over 16 different languages.

The spreads offered by Plus500 vary regularly but you can see all their spreads here

For more information about trading with Plus500, we have put together an in-depth Plus500 review with all the pros and cons about this broker.

Markets.com provide an in-house trading platform that is powerful yet friendly for the user. They give you access to all the popular markets including stocks, currencies, commodities and indicies. Markets.com are regulated by multiple authorities in Europe and provide a secure and transparent service, helping to make them one of the fastest growing Forex and CFD provider. They also provide 24 hour customer support five days a week and have zero commissions and fees on top their platforms.

Setting up an account is simple and take less than 3 minutes - simply sign up and verify your details. They make trading easy for traders by providing a variety of tools including stop loss, take profit, entry limit and entry stop orders. You can stay up to date and trade on the go with their user friendly apps and depositing and withdrawal fund incur no extra fees or commission.

For more information about trading with Markets.com, we have put together an indepth Markets.com review with all the pros and cons about this broker.

Since establishing themselves as one of the first spread betting providers in the UK. , City Index have grown to a global company in over 50 countries completing over two million trades every month. City Index provide some of the most competitive spreads across thousands of markets including incidices, shares, currencies, commodities and many more.

City Index have continued to innovate and were the first to provide a downloadable Android and iPhone app for spread betting and CFD trading and with over 30 years experience in the industry, you know you can trust Cityindex to handle your trades.

For more information about trading with City Index, we have put together an indepth City Index review with the pros and cons about this broker.

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Plus500 or Markets.com?

Low spreads or access to MT4?

If you’re a trader looking for a broker with low spreads on popular instruments like EUR/USD, Plus500 is likely a better option. However, if you want a broker that offers MetaTrader4 as a trading platform, Markets.com may be more suitable.

Which broker is more reliable?

You can determine a broker’s reliability & trustworthiness by looking at eight factors:

  • Who are they regulated by?
  • How long have they been around for?
  • Do they hold your money in a separate bank account?
  • Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?
  • Have they been fined or penalised in the last five years?
  • The popularity of their service/website
  • Are they publicly listed?
  • Where are they located?

Based on these eight factors, we consider Markets.com to be the more reliable broker. We’ve broken down why below:

Who are they regulated by?

Plus500 is regulated by Financial Conduct Authority (FRN 509909) and Cyprus Securities and Exchange Commission (License No. 250/14), while Markets.com is regulated by CySEC, Financial Services Board.

As the Financial Conduct Authority are one of the most stringent regulators in the world, Plus500 will have very strict guidelines to follow to ensure they protect their retail trader clients.

City Index are also regulated by the Financial Conduct Authority.

How long have they been around for?

If a broker has been around for a long period of time, they’re likely to be more reliable (in comparison, most scam brokers only exist for several years before they disappear).

This also suggests that a broker has good risk management processes that have prevented them being caught out by major financial events, as was the case with Alpari UK going bust when they were there was a policy reversal of capping the Swiss Franc against the Euro.

Plus500 has been around for 11 years, while Markets.com have been around for 11 years. Our third alternative broker, City Index, have been around for 36 years.

Do they hold your money in a separate bank account?

You wouldn’t want your broker paying their staff out of the same bank account account that you’re depositing your trading funds into, would you?

Fortunately, all regulated brokers must use segregated bank accounts to hold client money. This is one of the reasons why we only feature regulated brokers here on BrokerNotes.

All three brokers above will hold your money in a separate bank account.

Do they use reputable “tier-1” banks like Barclays, Goldman Sachs or HSBC?

Most tier-1 banks like Barclays and HSBC have been around for over 100 years and manage trillions of dollars of assets, proving that they have stood the test of time.

Both Plus500 and Markets.com use tier one banks, but we are not sure of which bank specifically.

Have they been fined or penalised in the last five years?

If a broker has been penalised by a regulator in the past five years, it may mean that they were caught doing something they shouldn’t be doing - which may be of concern to you as an end client.

We’re not aware of any penalties or fines imposed by regulators on Plus500 or Markets.com in the past five years.

How popular is their service/website?

While not always the case, the number of traders a broker has can be a good metric for understanding how reputable a brokers is.

Plus500 is more popular with over 155,000 traders.

Are they publicly listed?

Companies that are publicly listed on a stock exchange tend to be considered more reputable as they will be required to disclose their financials, and aspects of their operations, to the public.

Both Plus500 and Markets.com are public limited companies.

Where are they located?

Most reputable brokers tend to be headquartered in a major capital city or a financial hub such as Cyprus.

Plus500 are based in Haifa, Israel, while Markets.com are based in 148 Strovolos Avenue, 2048 Strovolos, P.O.Box 28132, NICOSIA CYPRUS.

Do they offer the features you need?

Assuming the brokers you’re choosing between are reputable, the next point to consider is whether they offer all of the features you require to trade.

This can be broken down into three categories:

  • Services & instruments
  • Platforms & account types
  • Trading features, risk management tools & funding methods

Services and Instruments

If you’re looking to trade currency pairs, both Plus500 and Markets.com offer forex trading. Plus500 have a slightly larger variety of currency pairs with 61 pairs, compared to 56 offered by Markets.com. Also, if you’re looking to trade cryptocurrencies, Plus500 offers a handful of cryptocurrency CFDs to trade, including Bitcoin, Ethereum and Ripple.

Both Plus500 and Markets.com allow you to trade commodities like gold, silver and crude oil.

Platforms & Account Types

In addition to the platform, you’ll also want to ensure that the broker you choose offers the account type best suited to your needs. Markets.com, for example, offer a mini account, standard account and VIP account.

For Muslim traders, Plus500 offers an Islamic account, which doesn’t accrue interest or incur/receive rollover swap points, as this is prohibited in Shariah law. You can learn more & compare Islamic trading accounts head-to-head here.

Trading features, risk management tools & funding methods

If you have a certain trading style (e.g. scalping, hedging, or using EAs), you’ll want to double check that the broker you choose allows this, as not all of them do.

While Markets.com also allows scalping and hedging. You can't trade with EAs (expert advisors) on Plus500 but you can trade EAs (expert advisors) with Markets.com.

In terms of risk management tools, both brokers offer negative balance protection to prevent you owing your broker more than you’ve deposited.

Plus500 also offer stop losses, limit orders, and price alerts to help you automate aspects of your trading strategy.

Plus500 accept Paypal while Markets.com accept Paypal.

Are they affordable for what you need?

Comparing the fee structures of different brokers can be a minefield at times. The important thing to consider is what the spreads & fees are on the specific instruments and account type that you will be using.

For trading EUR/USD, Plus500 charges 0.60 points, while Markets.com charges points. Therefore, Markets.com is the more affordable for this instrument. If you want to compare their spreads across more instruments, You can jump back up to our comparison of their currency pair & indice spreads above.

Another consideration is whether or not your broker charges inactivity, deposit/withdrawal fees, or commissions on trades. If you’re a frequent trader, inactivity fees are unlikely to be an issue.

The Verdict: Plus500 or Markets.com?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Markets.com is more reliable based on our criteria above. Markets.com has a wider range of instruments to trade. Plus500 offer lower spreads on popular forex instruments like EUR/USD and are used by more traders.

Both brokers offer demo accounts, allowing you to test their platforms to see which is suitable for you. You can test drive their demos using the links below:

Finally, if you’re really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable broker based on your precise requirements here.

Between 54-87% of retail CFD accounts lose money. Based on 69 brokers who display this data.