Markets.com versus Plus500 - Compare two Brokers

Markets.com versus Plus500 - Compare two Brokers

Markets.com versus Plus500 Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100Web Trader & Apps, MT4, MT52000+CySEC, FSCA, ASIC
$100Web Trader & Apps2000+CySEC, FSCA, ASIC, FCA, FMA, MAS & IE

Markets.com and Plus500 Comparison

Plus500 and Markets.com are regulated CFD brokers offering an extensive range of markets to trade. These brokers have a similar number of CFDs to trade and the same minimum deposit, but differences include platform features and platform and markets availability.

Both brokers offer a web trader and apps, however Markets.com also has MT4 and MT5, thus providing support for automated trading with EAs. Both have a range of Cryptocurrency CFDs available.

Markets.com has more platform features on its web trader. Both have a relatively large number of technical indicators. Plus500 arguably has a particularly intuitive platform for discretionary trading.

Plus500UK Ltd is authorized and regulated by the FCA (#509909). Plus500CY Ltd is authorized and regulated by CySEC (#250/14). Plus500SG Pte Ltd is licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018). Plus500AU Pty Ltd (ACN 153301681) is licensed by: ASIC in Australia, AFSL #417727 and FMA in New Zealand, FSP #486026 and is an authorised Financial Services Provider in South Africa, FSP #47546.

Markets.com is operated by Safecap Investments Limited which is regulated by the CySEC in Cyprus and the FSCA in South Africa. Markets.com Australia is operated by Tradetech Markets (Australia) Pty Ltd which is regulated by the ASIC in Australia. Markets.com Africa is operated by TradeTech Markets (South Africa) which is regulated by the FSCA in South Africa.

Quick comparison

Both are CFD brokers and a similar number of markets, though with some difference in the range available and each provides a different web trader and apps, however Markets.com also offers MT4 and MT5.

Account types and minimum deposit

Markets.com offers three account types, Classic, Standard and Premium, depending on the deposit, and an Islamic account. The minimum initial deposit is $100 for the Classic and Islamic accounts, $2,500 for the Standard account and $20,000 for the Premium account. Plus500 offers one account type for which the minimum deposit is $/€/£100 or AU$200.

Account features

  • Markets.com provides Events & Trade on its web trading platform, which shows details about news events and trading opportunities. It also has Daily Analyst Recommendation, Insider's Stuff (which has details about trending stocks) and Trading Central.
  • Plus500 has an Economic Calendar on its website which shows news events and market effects.

Markets

  • Both Markets.com and Plus500 offer CFD trading in Currency Pairs, Commodities, Indices, Stocks, ETFs and Cryptocurrencies.
  • Plus500 also offers CFD trading in Options, Markets.com also provides CFD trading in Bonds.
  • Plus500 and Markets.com both offer over 2000 CFDs to trade.

Cryptocurrency CFDs

  • Markets.com provides Bitcoin Futures, Ethereum, Litecoin, Ripple, Bitcoin Cash and Dash.
  • Plus500 provides Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, IOTA, NEO, Monero, EOS, Stellar, Cardano and TRON.

Spreads and leverage

  • Plus500 offers fixed and variable spreads depending on the instrument.
  • Markets.com's spreads are fixed under normal market conditions from 2 pips for EUR/USD, 1.2 for the UK100, 0.7 for Gold and 0.03 for US Crude Oil.

Plus500's maximum leverage is . Maximum leverage for Markets.com operated by Safecap Investments Limited (CySEC regulated) is .

Platform

  • Plus500 has over 95 technical indicators, Markets.com has 90
  • Markets.com offers time frames from 1 minute to 1 week, Plus500 from tick to 1 week
  • Plus500 provides bar, candlestick, line, hollow candle, colored bar, baseline and mountain charts, Markets.com offers bar, candlestick, line and Heikin-Ashi charts
  • Both platforms provide micro lot trading for Forex
  • Plus500 does not offer the MT4 trading platform in addition to the web based platform, but Markets.com does
  • Both brokers offer their respective platforms (and MT4 in the case of Markets.com) on desktop, tablet and mobile (i.e. there are apps available). Plus500 is also available as a watch app.
  • Plus500 and Markets.com say that account balances cannot go negative

Why Markets.com or Plus500 ?

Markets.com offers a range of platforms, offering a web trader, MT4 and MT5, while Plus500 focuses on offering a web trader and apps, for discretionary trading, with a clear simplified layout and charting tools. Thus the difference between them is perhaps apparent in terms of the style of trading used by the trader. Do they wish to use platforms other than or in addition to a web trader, or simply focus on trading on the web trader provided.

Comparison summary

  • Both brokers have similar but not identical offerings of markets to trade
  • Both brokers offer platforms which have some similarities in layout, but Markets.com has more platform tools
  • Plus500 though it has expanded its range of charting tools, still has a simplified intuitive feel to its platform
  • Both provide support for trading on news events, Markets.com on platform, Plus500 on the website
  • Each provide Cryptocurrency CFDs, with differences in availability
  • Markets.com offers fixed spreads under normal market conditions
  • Plus500 can provide relatively tight variable Forex spreads
  • Markets.com offers MT4 and MT5
  • Plus500 is available as a watch app

Thus for traders who want a range of trading tools in addition to charting tools on the platform (plus MT4 and MT5) Markets.com may have an edge, but for traders who want charting tools and an intuitive simplified interface, Plus500 may have an edge.

This said Markets.com's new platform has an intuitive feel to it as well. But the updated combination of a relatively extensive range of charting tools (technical indicators and chart price types) allied with the same platform layout may make Plus500 worthy of a particular mention in terms of an accessible platform, which does not hold back on core trading tools.

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