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Plus500 vs Spreadex 2022

ForexBrokers.com

Written by ForexBrokers.com

Published July 15, 2022
Last modified August 25, 2022

Is Plus500 better than Spreadex? In our analysis of 23 international regulators across 39 brokers, Plus500 is considered low-risk, with an overall trust score of 99 out of 99. Spreadex is considered average-risk, with an overall Trust Score of 70 out of 99. Learn more about Trust Score.

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Overall Rating expand_moreexpand_less Plus500 Spreadex
Overall Rating starstarstarstarstar_border starstarstarstarstar_border
Commissions & Fees starstarstarstarstar_border starstarstarstarstar_border
Offering of Investments starstarstarstarstar_border starstarstarstarstar_border
Platform & Tools starstarstarstarstar_border starstarstarstar_borderstar_border
Mobile Trading starstarstarstarstar_border starstarstarstar_borderstar_border
Research starstarstarstar_borderstar_border starstarstarstarstar_border
Education starstarstarstar_borderstar_border starstarstarstar_borderstar_border
Trust Score 99 70
Winner check_circle
Review Plus500 Review Spreadex Review
Regulation expand_moreexpand_less Plus500 Spreadex
Trust Score 99 70
Year Founded 2008 1999
Publicly Traded (Listed) Yes No
Bank No No
Tier-1 Licenses 4 1
Tier-2 Licenses 3 0
Tier-3 Licenses 0 0
Authorised in European Union Yes No
Tier-1 Licenses (High Trust) expand_moreexpand_less Plus500 Spreadex
ASIC Authorised (Australia) Yes No
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) Yes No
MAS Authorised (Singapore) Yes No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes Yes
CFTC Registered (USA) No No
FMA Authorised (New Zealand) Yes No
Tier-2 Licenses (Average Trust) expand_moreexpand_less Plus500 Spreadex
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes No
NSE Authorised (India) No No
ISA Authorised (Israel) Yes No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) Yes No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust) expand_moreexpand_less Plus500 Spreadex
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
Investments expand_moreexpand_less Plus500 Spreadex
Forex Trading Yes Yes
Trading - Forex or CFDs Yes Yes
Tradeable Symbols (Total) 1896 2000
Forex Pairs (Total) 71 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 (CFD) 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 expand_moreexpand_less Plus500 Spreadex
Average Spread EUR/USD - Standard 0.6 (as of Aug 2018) -1
All-in Cost EUR/USD - Active N/A -1
Active Trader or VIP Discounts No No
Execution: Agency Broker No No
Execution: Market Maker Yes Yes
Funding expand_moreexpand_less Plus500 Spreadex
Minimum Initial Deposit €100 $0
Bank Wire (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
PayPal (Deposit/Withdraw) Yes No
Skrill (Deposit/Withdraw) Yes No
Trading Platforms expand_moreexpand_less 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 expand_moreexpand_less Plus500 Spreadex
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 9
Charting - Indicators / Studies (Total) 110 55
Charting - Drawing Tools (Total) 21 10
Charting - Trade From Chart No Yes
Charts can be saved Yes Yes
Mobile Trading expand_moreexpand_less 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 110 N/A
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave No No
Forex Calendar Yes Yes
Research expand_moreexpand_less Plus500 Spreadex
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) No Yes
Autochartist No No
Trading Central (Recognia) No No
Social Sentiment - Currency Pairs Yes No
Economic Calendar Yes Yes
Education expand_moreexpand_less Plus500 Spreadex
Has Education - Forex or CFDs No Yes
Client Webinars No No
Client Webinars (Archived) No No
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos No No
Investor Dictionary (Glossary) No Yes
Major Forex Pairs expand_moreexpand_less 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
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Plus500 vs Spreadex Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Plus500 vs Spreadex.

Does Plus500 or Spreadex offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Plus500 offers better pricing overall for traders.

Is Plus500 or Spreadex safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Plus500 holds 4 global Tier-1 licenses, while Spreadex holds 1. Plus500 holds 3 global Tier-2 licenses, while Spreadex holds 0. In our analysis of 23 international regulators across 50 brokers, Plus500 earned a higher Trust Score than Spreadex.

Which trading platform is better: Plus500 or Spreadex?

To compare the trading platforms of both Plus500 and Spreadex, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Plus500 offers a better experience. With research, Spreadex offers superior market research. Finally, we found Plus500 to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

Plus500 provides traders 71 currency pairs (e.g., EUR/USD) compared to Spreadex's 52 available pairs. Forex pairs aside, Spreadex offers traders access to 2000 CFDs while Plus500 has 1896 available CFDs, a difference of 104.

Can I trust Plus500?

Plus500 is publicly traded and does not operate a bank. Plus500 is authorised by five tier-1 regulators (high trust), three tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Plus500 is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA), Australian Securities & Investment Commission (ASIC), and the Monetary Authority of Singapore (MAS).

Can I trust Spreadex?

Spreadex is not publicly traded and does not operate a bank. Spreadex is authorised by one tier-1 regulator (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Spreadex is authorised by the following tier-1 regulator: Financial Conduct Authority (FCA).

Is Plus500 good?

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.

Is Spreadex good?

SpreadEx is best known for pioneering sports betting, but it also caters to financial trading through its FCA-regulated entity in the U.K. which offers a proprietary trading platform as well as a growing selection of markets. However, SpreadEx can't compete with the best forex brokers in certain key categories, such as education and research.

Overall winner: Plus500

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