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.
Plus500 (founded 2008) and Spreadex (founded 1999) are online brokers with different trust profiles per ForexBrokers.com. Plus500 is publicly traded, while Spreadex is privately held; neither is a bank. On the ForexBrokers.com Trust Score (0–99), Plus500 scores 99, which is in the 90–99 “highly trusted” range. Spreadex scores 70, which falls into the 70–79 “average risk” range.
Regulatory coverage also differs. Plus500 holds 7 Tier-1 licenses (highly trusted by ForexBrokers.com) and 4 Tier-2 licenses (trusted). Spreadex holds 1 Tier-1 license and no Tier-2 licenses. This regulatory gap helps explain why Plus500’s Trust Score is higher than Spreadex’s.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Year Founded | 2008 | 1999 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 4 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
When comparing commissions and fees, Plus500 and Spreadex are close in the rankings, but Spreadex has slightly lower everyday trading costs. Plus500 is rated 4.0 out of 5 stars and ranks #24 out of 36 brokers for commissions and fees. Its pricing is a little above the industry average, and it does not offer discounts for retail clients. However, qualified Professional clients may be able to receive cash rebates. For EUR/USD, Plus500’s average spread was 1.5 pips in April 2024, which is higher than the market average.
Spreadex is rated 4 out of 5 stars and ranks #25 out of 36 brokers in the same category. Its EUR/USD average spread was 0.81 pips in January 2024, with a minimum spread of 0.6 pips available 60% of the time during the month. That makes Spreadex the slightly cheaper choice for forex traders looking mainly at spreads, while Plus500 may suit traders who value its platform and are comfortable with somewhat higher pricing.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Minimum Deposit | €50 | $0 |
| Average spread (EUR/USD) - Standard account | 1.3 | 0.81 |
| All-in Cost EUR/USD - Active | 1.3 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to range of investments, both Plus500 and Spreadex give traders access to forex as a CFD or spot contract, and both offer cryptocurrency CFDs rather than actual crypto. Plus500 stands out for forex variety, with 65 currency pairs compared with Spreadex’s 52, while Spreadex has the larger overall product list, offering about 10,000 tradeable symbols versus Plus500’s 5,500.
There is also a key difference in shares. Plus500 lets clients buy actual shares on both U.S. and international exchanges, while Spreadex does not offer exchange traded securities outside of CFDs. Neither broker offers copy trading or direct purchase of crypto. Based on ForexBrokers.com’s Range of Investments rating, Spreadex scores slightly higher at 5 stars and ranks #13 out of 36 brokers, while Plus500 earns 4.5 stars and ranks #16.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 10000 |
| Forex Pairs (Total) | 65 | 52 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
Plus500 and Spreadex both give traders a simple start with a free demo account and each uses its own in-house platform, which can make the experience feel more tailored than a third-party setup. Both brokers offer web-based trading, but neither provides a Windows desktop download, MetaTrader 4, MetaTrader 5, or copy trading. For everyday use, that means you can trade from a browser with either provider, but you won’t get the extra software options some traders look for.
When it comes to charting and order entry, Spreadex has one clear edge: it lets users trade directly from a stock chart, while Plus500 does not. Ratings also favour Plus500 overall, with 4.5 out of 5 stars for Trading Platforms and Tools and a #14 ranking out of 36 brokers from ForexBrokers.com, compared with Spreadex at 4 stars and #34 out of 36. In short, Plus500 appears stronger on platform quality overall, while Spreadex offers the useful chart-trading feature that Plus500 lacks.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | No | No |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 115 | 58 |
| Charting - Trade From Chart | No | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Plus500 and Spreadex both make it easy to trade on the go, since each offers iPhone and Android apps, plus stock and forex price alerts. Both apps also let you draw trendlines on charts, but neither one automatically saves those drawings. Where Plus500 stands out is watchlist syncing: changes made in the mobile app carry over to the online account, while Spreadex does not offer that feature.
For chart tools, Plus500 has a clear edge with 115 technical studies available in its mobile app, giving traders far more ways to analyze price moves. That extra depth shows in its ratings as well: Plus500 earns 4.5 out of 5 stars and ranks #14 out of 36 brokers for mobile trading apps, compared with Spreadex at 4 stars and #33. For traders who want a more feature-rich mobile experience, Plus500 is the stronger choice.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 115 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | No |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, both Plus500 and Spreadex give traders daily market commentary, a sentiment tool showing long and short positions, and an economic calendar with current and upcoming global events. That means each platform covers the basics well for keeping up with market moves and trading conditions.
The bigger differences are in news and third-party research tools. Spreadex includes forex news from top sources like Bloomberg, Reuters, and Dow Jones, plus Autochartist tools, while Plus500 does not. On the other hand, Plus500 offers Trading Central research, which Spreadex does not. Based on ForexBrokers.com, Plus500 scores higher for research at 4.5 out of 5 stars and ranks #16 out of 36 brokers, compared with Spreadex at 4 stars and #27.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central | Yes | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Plus500 and Spreadex for beginner education, Plus500 comes out ahead overall. It offers forex and CFD learning content, gives clients online educational webinars at least once a month, and provides at least 10 beginner videos as well as at least 10 advanced videos. Spreadex also offers at least 10 beginner videos, but it does not match Plus500 on webinars or advanced video content, and it appears to have less forex and CFD-focused education overall.
This difference is reflected in outside ratings and rankings too. Plus500 is rated 4.5 out of 5 for Education and is ranked #26 out of 36 brokers by ForexBrokers.com in this category, while Spreadex is rated 4 out of 5 and ranked #33. For beginners who want more structured learning material, regular webinars, and a wider range of video lessons, Plus500 is the stronger choice.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
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 #32.
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
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Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 70 |
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Plus500 vs Spreadex: Neither online broker allows buying actual (delivered) cryptocurrency, but both offer cryptocurrency trading via CFDs.
Comparing online brokers Plus500 vs Spreadex for deposit and withdrawal methods: neither supports ACH or SEPA, both accept bank wire transfers, Plus500 also supports PayPal and Skrill while Spreadex does not, and Visa/Mastercard availability is not specified for either.
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 | 70 | |
| Winner | check_circle | ||
| Review | Plus500 Review | Spreadex Review |
| Broker Screenshots | Plus500 | Spreadex | |
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| Regulation | Plus500 | Spreadex | |
|---|---|---|---|
| Trust Score | 99 | 70 | |
| 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 | 7 | 1 | |
| Tier-2 Licenses | 4 | 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) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| 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) | |||
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | Yes | No | |
| Jordan (JSC Authorised) |
| Investments | Plus500 | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 10000 | |
| Forex Pairs (Total) | 65 | 52 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 account | 1.3 | 0.81 | |
| All-in Cost EUR/USD - Active | 1.3 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Plus500 | Spreadex | |
|---|---|---|---|
| Minimum Deposit | €50 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | Plus500 | Spreadex | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No |
| Trading Tools | Plus500 | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 115 | 58 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 115 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Plus500 | Spreadex | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Plus500 | Spreadex | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Plus500 | Spreadex | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Plus500 Review | Spreadex Review |
| Overall | Plus500 | Spreadex | |
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| Trust Score | 99 | 70 | |
| Winner | check_circle | ||
| Review | Plus500 Review | Spreadex Review |
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