Markets.Com Vs Plus500

Category: Broker Guides | Author: Trading Brokers | Date: June 28, 2023

If you’re considering getting into online trading, it’s important to choose the right broker. Today, we’re going to take a closer look at two popular options: Markets.com and Plus500. These brokers offer a range of financial instruments and features that can help you navigate the exciting world of trading. Whether you’re a seasoned pro or just starting out, understanding the pros, cons, and differences between these platforms will guide you toward making the best choice for your trading journey. So, let’s dive in and explore what Markets.com and Plus500 have to offer!

What is Markets.Com?

Markets.Com

Markets.Com

Markets.com is a well-established online trading broker that provides access to a wide range of financial instruments. It offers traders the opportunity to trade forex, contracts for difference (CFDs), cryptocurrencies, stocks, indices, commodities, metals, exchange-traded funds (ETFs), bonds, and options. With its diverse product offering, Markets.com allows traders to explore various markets and diversify their portfolios. For example, let’s say you are interested in trading stocks of technology companies such as Apple, Google, or Amazon. With Markets.com, you can easily access these stocks and trade them directly through the platform. Similarly, if you want to take advantage of the volatility in cryptocurrency markets, Markets.com offers a selection of popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin for trading.

Pros of Markets.Com

  • Wide range of financial instruments for trading.
  • Access to popular trading platforms like MetaTrader 4 and MetaTrader 5.
  • No commissions for most instruments.
  • Low minimum deposit requirement of $100.
  • No inactivity fees.

Cons of Markets.Com

  • Regulation covers fewer countries compared to some other brokers.
  • Spreads may vary depending on market conditions.
  • Limited social trading features.
  • Product range may be overwhelming for beginners.
  • Higher leverage levels may not be suitable for all traders.
Markets.com Logo

Markets.com is a regulated broker that provides clients with a large range of trading instruments on powerful yet user friendly platforms, with tight spreads, rapid execution speeds, low commissions, various funding options and excellent 24/5 support.

79.90% of retail investor accounts lose money when trading CFDs with this provider.

What is Plus500?

Plus500

Plus500

Plus500 is another well-known online trading broker that offers access to various financial markets. While the product range of Plus500 is slightly more limited compared to Markets.com, it still covers the most popular instruments that traders commonly seek. Additionally, Plus500 offers a range of stocks from global exchanges, making it convenient for traders interested in investing in well-known companies.

Pros of Plus500

  • Regulated by multiple top-tier authorities in different jurisdictions.
  • User-friendly proprietary trading platform available on desktop, web, and mobile devices.
  • Minimum deposit requirement of $100.
  • Transparent and predictable fee structure.

Cons of Plus500

  • Limited product range compared to some other brokers.
  • Leverage levels may vary depending on the instrument.
  • No social trading or copy trading features.
  • Withdrawal and deposit methods are more limited compared to some other brokers.
  • Lack of certain advanced trading tools and indicators.
Plus500 Logo

Founded in 2008, Plus500 is a regulated and leading online trading broker providing a large range of 2,000+ CFD instruments for trading on their proprietary trading platforms with very competitive trading conditions.

81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Comparison Between Markets.Com and Plus500

To determine which platform is more suitable for you, let’s compare Markets.Com and Plus500 across various factors:

Regulation

Both Markets.com and Plus500 are regulated by top-tier authorities in multiple jurisdictions. Markets.com is regulated by the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Australian Securities and Investments Commission (ASIC) in Australia, and the Financial Sector Conduct Authority (FSCA) in South Africa. Plus500, on the other hand, is regulated by the FCA in the UK, ASIC in Australia, the Monetary Authority of Singapore (MAS) in Singapore, FSCA in South Africa, the Israel Securities Authority (ISA) in Israel, the Dubai Financial Services Authority (DFSA) in the UAE, and the Financial Supervision Authority (FSA) in Estonia. Both brokers are considered low-risk and trustworthy for traders. However, Plus500’s regulation is more extensive and diverse, covering a larger number of countries and regions compared to Markets.com’s regulation.

Trading Platform

Both Markets.com and Plus500 offer user-friendly web-based trading platforms that are customizable and easy to use. Additionally, Markets.com provides access to the widely popular MetaTrader 4 and MetaTrader 5 platforms, which are known for their advanced charting tools and technical indicators. Plus500, on the other hand, has its proprietary platform, available on desktop, web, and mobile devices. While Markets.com’s platforms are more diverse and flexible, allowing traders to access different markets and instruments, Plus500’s platform has a simpler design and clear interface.

Pricing and Fees

Markets.com and Plus500 have different fee structures and pricing models. Markets.com charges variable spreads and no commissions for most instruments. Markets.com requires a minimum deposit of $100, while Plus500 has the same minimum deposit requirement. Markets.com does not charge any inactivity fees, whereas Plus500 charges an inactivity fee of $10 per quarter after three months of inactivity. While Markets.com generally offers lower fees, they are subject to market conditions, whereas Plus500’s fees are more transparent and predictable.

Leverage

Both Markets.com and Plus500 offer varying leverage levels depending on the jurisdiction they operate in. For retail clients, both brokers provide leverage ratios of up to 30:1 in the UK and Europe, up to 300:1 in Australia and South Africa, and up to 50:1 in Singapore. The leverage levels of Markets.com are similar to those of Plus500, allowing traders to choose the same leverage ratios for different instruments and markets.

Asset Selection

Markets.com has a wider range of products available for trading compared to Plus500. In addition to forex, CFDs, and cryptocurrencies, Markets.com offers stocks, indices, commodities, metals, ETFs, bonds, and options. nThis means that Markets.com provides more opportunities for diversification and portfolio building. Furthermore, Markets.com offers a larger number of currency pairs compared to Plus500.

Social Trading

Markets.com offers social trading and copy trading features, allowing traders to follow and copy successful traders. This provides a valuable learning experience and the opportunity to improve one’s own trading performance. Additionally, Markets.com facilitates communication and idea sharing among traders on its platform. Plus500, on the other hand, does not offer any social trading or copy trading features, limiting interaction and collaboration among traders.

Minimum Deposit

Both Markets.com and Plus500 require a minimum deposit of $100 to open an account. This low deposit requirement makes trading accessible and affordable for traders with different budgets. The minimum deposit for both brokers is reasonable and competitive within the industry.

Withdrawal and Deposit Methods

Both Markets.com and Plus500 offer various methods for depositing and withdrawing funds from trading accounts. Markets.com supports credit cards, debit cards, bank transfers, PayPal, Skrill, Neteller, Sofort, Giropay, Envoy, Worldpay, iDeal, and Multibanco. Plus500 accepts credit cards, debit cards, bank transfers, PayPal, and Skrill. Both brokers process deposits within one business day and withdrawals within two business days. Neither broker charges any fees for deposits or withdrawals. However, Markets.com provides a wider range of options and choices for traders compared to Plus500, making it more convenient for depositing and withdrawing funds.

Which Should You Choose: Markets.Com or Plus500?

Ultimately, the choice between Markets.com and Plus500 depends on your specific trading preferences and requirements. If you value a wider range of financial instruments, access to advanced trading platforms like MetaTrader, and social trading features, Markets.com may be the better choice for you. On the other hand, if you prefer a user-friendly proprietary platform, transparent fee structure, and diverse regulation across multiple jurisdictions, Plus500 may be the more suitable option. Consider factors such as the markets you are interested in trading, your level of experience, and the features that matter most to you.

Conclusion

So, there you have it! We’ve taken a detailed look at Markets.com and Plus500, two well-known online trading brokers. Both platforms have their own unique features, pros, and cons. Markets.com offers a wide range of financial instruments, advanced trading platforms, and social trading capabilities. Plus500, on the other hand, provides a user-friendly proprietary platform, transparent fees, and diverse regulation across multiple jurisdictions. Ultimately, the decision between the two comes down to your personal preferences and trading needs. Take the time to consider factors such as the markets you want to trade, your level of experience, and the features that matter most to you. By doing so, you’ll be able to choose the broker that best aligns with your goals and sets you up for success in the exciting world of online trading. Happy trading!


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