Written by ForexBrokers.com
In this head to head comparison of Plus500 vs Spreadex, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When comparing online brokers Plus500 and Spreadex, Plus500 stands out with its foundation in 2008 and a highly trusted Trust Score of 99 from ForexBrokers.com. As a publicly traded company, Plus500 holds 6 Tier-1 licenses and 3 Tier-2 licenses, demonstrating a solid regulatory foundation. In contrast, Spreadex, founded earlier in 1999, is not publicly traded and has a Trust Score of 71, indicating average risk. Spreadex also holds fewer licenses, with just 1 Tier-1 license and no Tier-2 licenses.
Both Plus500 and Spreadex operate as non-banking financial institutions, offering unique advantages for traders. However, Plus500's presence on the stock exchange and its numerous Tier-1 licenses provide an added layer of trust and confidence to potential users. In comparison, Spreadex, while maintaining a respectable Trust Score, offers fewer assurances in terms of regulatory backing.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Year Founded | 2008 | 1999 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 6 | 1 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
When comparing the online brokers Plus500 and Spreadex regarding commissions and fees, Plus500 tends to have pricing that is slightly above the industry average. Particularly for active trader pricing, Plus500 doesn't quite match top performers like IG or Saxo. Although there are no discounts for retail clients, Professional clients might access cash rebates akin to an active trader program. In April 2024, the average spread for EUR/USD at Plus500 was 1.5 pips, which is higher than the industry norm. This broker has earned a star rating of 4.0 out of 5 for commissions and fees and stands at rank #25 out of 63 brokers on ForexBrokers.com.
Spreadex, on the other hand, offers more competitive spreads for EUR/USD, averaging 0.81 pips in January 2024, and achieving a minimum spread of 0.6 pips 60% of the time during that month. This indicates a more favorable pricing structure for those trading in this pair. With a rating of 4 stars out of 5 for commissions and fees, Spreadex is positioned at rank #27 out of 63 brokers according to ForexBrokers.com.
In summary, both Plus500 and Spreadex provide solid options for trading, though Spreadex presents a slightly better average spread for EUR/USD. While Plus500 offers potential rebates for Professional clients, Spreadex showcases tighter pricing more frequently. Both brokers maintain similar star ratings, though Plus500 is marginally higher in the rankings than Spreadex for commissions and fees.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Minimum Deposit | €100 | $0 |
| Average Spread EUR/USD - Standard | 1.5 | 0.81 |
| All-in Cost EUR/USD - Active | 1.5 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing Plus500 and Spreadex for their range of investments, both brokers offer forex trading as CFDs, but their offerings diverge significantly in other areas. Plus500 provides a significantly fewer total of 5,500 symbols compared to Spreadex's impressive 10,000 symbols. However, Plus500 has a slight edge in forex pairs by offering 65, while Spreadex offers 52. This gives Plus500 an attractive range for forex enthusiasts. Whereas, Spreadex wins points for its broader diversity of overall tradeable symbols, adding weight to their investment offerings.
Examining exchange-traded securities, Plus500 stands out by allowing customers to invest directly in U.S. and international stocks, such as buying shares in companies like Apple and Vodafone. Spreadex, on the other hand, does not offer this capability, focusing solely on trades through derivatives across a broad range of markets. This contributes to Plus500’s robust experience for those wanting to buy actual shares. When it comes to cryptocurrencies, both brokers provide opportunities to trade cryptocurrency derivatives, although actual cryptocurrency purchase options remain unavailable. Plus500 holds a range of investments rating of 4.5 stars, ranking 24th among 63 brokers, while Spreadex rates slightly higher with a perfect 5-star rating, ranking 13th.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 10000 |
| Forex Pairs (Total) | 65 | 52 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing Plus500 and Spreadex for their trading platforms, there are some key differences and similarities that cater to different trading needs. Both brokers offer proprietary platforms developed in-house, accessible through web browsers, and provide free virtual demo accounts for users to practice trading with simulated funds. However, neither Plus500 nor Spreadex offers desktop-based trading platforms for Windows or supports third-party platforms such as MetaTrader 4 or MetaTrader 5. Additionally, options for social or copy trading, such as DupliTrade and ZuluTrade, are not available with either service.
Charting tools also show some divergence between the two. Plus500 allows traders access to 36 drawing tools, while Spreadex offers 11. Despite more drawing tools, Plus500 does not support direct trading from stock charts, a feature available through Spreadex. Furthermore, Plus500 provides 10 columns for watch lists compared to Spreadex's 8, allowing for more customizable market monitoring. These features contribute to Plus500 receiving a 4.5-star rating and a ranking of 14 out of 63 brokers for trading platforms and tools by ForexBrokers.com. Spreadex, meanwhile, earns a 4-star rating and ranks 46th among brokers in the same category.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 115 | 58 |
| Charting - Drawing Tools (Total) | 36 | 11 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 10 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of Plus500 and Spreadex, both brokers offer iPhone and Android apps, making them accessible to a wide range of users. They also provide essential features such as stock and forex price alerts and the ability to draw trendlines on charts. While both platforms allow viewing of multiple time frames on charts, Plus500 stands out with its extensive 115 technical studies for charting, whereas this information is not available for Spreadex. An added advantage with Plus500 is the watchlist symbol syncing feature, which lets users sync their watchlists across the mobile app and online account. In contrast, Spreadex lacks this syncing capability.
Moreover, both Plus500 and Spreadex allow users to create watchlists with real-time quotes. However, neither app auto-saves chart drawings, which might be a consideration for users who frequently adjust their charts. With a higher mobile app rating of 4.5 stars compared to Spreadex's 4 stars, Plus500 offers a slightly superior experience, reflected in its #14 ranking out of 63 brokers on ForexBrokers.com. Spreadex, on the other hand, ranks #46 in the same category, indicating that users might find Plus500's mobile app slightly more satisfying for trading activities.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 115 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Plus500 and Spreadex for market research tools, both platforms offer daily market commentary and sentiment-based trading tools, providing insights into trader behaviors on currency pairs. Plus500 shines with its inclusion of a technical analysis tool from Trading Central, whereas Spreadex is notable for offering forex news from high-caliber sources like Bloomberg and Reuters. Both brokers incorporate an economic calendar to update traders on essential global news events, but when it comes to advanced research tools from Autochartist, Plus500 lacks this feature, which is available on Spreadex.
Examining user ratings and rankings, Plus500 is slightly ahead, with a 4.0-star rating and a position of #19 out of 63 brokers in the Research category according to ForexBrokers.com. Spreadex closely follows with a 4-star rating and ranks #31. While neither broker offers research tools from TipRanks or Acuity Trading, traders choosing between Plus500 and Spreadex for their market research needs would find Plus500 to be a better-rated choice, although Spreadex offers a broader range of high-quality news sources and technical tools.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When examining the educational content available for beginners, both Plus500 and Spreadex provide a solid foundation with a variety of resources. Both online brokers offer a minimum of 10 educational articles, videos, and archived webinars focusing on forex or CFDs, ensuring newcomers have access to essential information. For those seeking visual learning materials, Plus500 and Spreadex both present over 10 beginner-friendly videos on various trading topics. However, Plus500 also extends its offerings with more than 10 advanced videos for experienced traders, a benefit Spreadex does not provide. Furthermore, Plus500 hosts monthly online educational webinars and maintains a searchable archive of these sessions, allowing traders to revisit key concepts anytime—advantages not available with Spreadex.
While Spreadex lacks the webinar features of Plus500, it compensates by providing an extensive investor dictionary with definitions of over 50 trading terms, a resource that Plus500 does not offer. In terms of ratings, both brokers score equally at 4 stars for education. Nonetheless, Plus500 holds the edge with a slightly better ranking at 31 out of 63 brokers according to ForexBrokers.com, compared to Spreadex's position at 45. These distinctions make Plus500 a more comprehensive choice for those who prefer interactive and advanced learning experiences, while Spreadex offers a helpful array of written resources. Whether you're a beginner or someone with more trading experience, both brokers present unique advantages tailored to different educational preferences.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Plus500 is better than Spreadex. Plus500 finished with an overall rank of #14, while Spreadex finished with an overall rank of #39.
Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to a thorough selection of CFDs. Share trading is available, but only via its Plus500 Invest product offering.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 71 |
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Both Plus500 and Spreadex do not offer the ability to buy actual delivered cryptocurrency, but they do provide options to purchase cryptocurrency derivatives instead.
In comparing Plus500 and Spreadex as online brokers, Plus500 offers more diversified payment options, including PayPal, Skrill, Visa, Mastercard, and bank wires, whereas Spreadex supports only Visa, Mastercard, and bank wires, with neither broker offering ACH or SEPA transfers.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Plus500 | Spreadex | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | Plus500 Review | Spreadex Review |
| Broker Screenshots | Plus500 | Spreadex | |
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| Regulation | Plus500 | Spreadex | |
|---|---|---|---|
| Trust Score | 99 | 71 | |
| Year Founded | 2008 | 1999 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 6 | 1 | |
| Tier-2 Licenses | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | Plus500 | Spreadex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Plus500 | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Plus500 | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 10000 | |
| Forex Pairs (Total) | 65 | 52 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Plus500 | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.5 | 0.81 | |
| All-in Cost EUR/USD - Active | 1.5 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Plus500 | Spreadex | |
|---|---|---|---|
| Minimum Deposit | €100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Plus500 | Spreadex | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Plus500 | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 10 | 8 | |
| Charting - Indicators / Studies (Total) | 115 | 58 | |
| Charting - Drawing Tools (Total) | 36 | 11 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Plus500 | Spreadex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 115 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Plus500 | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Plus500 | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Plus500 | Spreadex | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Plus500 Review | Spreadex Review |
| Overall | Plus500 | Spreadex | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | Plus500 Review | Spreadex Review |
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