Plus500 versus UFX - Compare both Brokers

Plus500 versus UFX - Compare both Brokers

Plus500 versus UFX
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100Web Trader & Apps2000+CySEC, FCA, ASIC, FSCA, FMA, MAS & IE
$100ParagonEx, MT4450+CySEC

Plus500 and UFX Comparison

Both Plus500 and UFX offer CFD trading. Plus500 can provide more markets to trade than UFX. Each has a range of Cryptocurrency CFDs available, but UFX can offer more.

Both offer web traders, though UFX also provides MT4. UFX offers support for crowd trading on ParagonEX. Thus each provides support for discretionary trading, but UFX also brings information about the behaviour of other traders to its platform, and offers MT4 which has provision for automated trading.

UFX is regulated by the CySEC in Cyprus. 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.

ParagonEx vs Plus500 Web Trader

Both of these platforms are arguably intuitive and easy to use. Plus500's web trader has a particularly intuitive design focusing on the chart and markets (in fact it has 95+ technical indicators). UFX on the other hand offers a newsfeed which relays information about market events and markets, referenced to what other traders doing. Both platform have app versions as well.

Minimum deposit and account types

The minimum deposit for Plus500 is $/€/£100 or AU$200. The minimum deposit for UFX is $100.

  • Plus500 provides an Economic Calendar covering news events and market effects on its website.
  • UFX provides six account types, Micro/Mini, Mini, Standard, Gold, Platinum and Islamic. The minimum initial deposit is $100 for the Micro/Mini account, $500 for the Mini account, $1000 for the Islamic and Standard accounts, $5000 for the Gold account and $10,000 for the Platinum account. The minimum trade size ranges from 0.0025 lots for the Micro/Mini account to 1 lot for the Platinum account.
  • All UFX account types have daily market reviews, a video library, daily recommendations and 24hr live support. All except the Micro/Mini account provide a personal trading coach. Standard, Gold and Platinum accounts also have VIP trading support and exclusive updates. Gold and Platinum additionally provide SMS trading alerts and access to MT4.

Markets

  • Plus500 offers CFD trading on Currency Pairs, Commodities, Indices, Stocks, ETFs, Cryptocurrencies and Options.
  • UFX offers Currency Pairs, Commodities, Indices, Stocks, ETFs and Cryptocurrencies.

Plus500 provides 2000+ CFDs to trade, UFX provides 450+ CFDs. Plus500 offers considerably more Stock CFDs than UFX.

Cryptocurrency CFDs

  • Plus500 provides Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, IOTA, NEO, Monero, EOS, Stellar, Cardano and TRON.
  • UFX provides Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, IOTA, NEO, Monero, EOS, Bitcoin Gold, Dash, Zcash, Ethereum Classic, OmiseGO, Aventus, QTUM, YOYOW, ETP, Santiment, Streamr, Eidoo and QASH.

Spreads and leverage

  • Plus500 offers fixed and variable spreads depending on the instrument.
  • Spreads at UFX are fixed under normal market conditions but vary according to the account type. The lowest spreads are for the Platinum account at 2 for EUR/USD, 0.50 for Gold and 0.05 for US Crude Oil. For the Micro/Mini account spreads are 4 for EUR/USD, 0.75 for Gold and 0.11 for US Crude Oil. For the Standard account spreads are 3 for EUR/USD, 0.65 for Gold and 0.07 for US Crude Oil.

Maximum leverage for Plus500 is . Maximum leverage for UFX is .

Platform

  • Plus500 offers 95+ technical indicators, UFX offers 50+ technical indicators.
  • Plus500 offers candle, hollow candle, bar, colored bar, line, baseline and mountain charts.
  • UFX offers candlestick, OHLC, line, hollow candles, Heikin-Ashi, Bar Forest, area, HLC, coloured bar HLC, dot chart and line dot charts.
  • Plus500 offers time frames from tick to 1 week, UFX offers time frames from tick to 1 month.

Plus500 does not provide MT4, UFX does, but only for higher account types.

Plus500 does not provide a newsfeed, UFX provides an enhanced newsfeed called MassInsights, which shows aggregated trader behavior along with market events. Both Plus500 and UFX say that account balances cannot go negative.

Quick comparison

These are CFD brokers offering web traders and apps - Plus500 has more markets, UFX also offers MT4.

Why Plus500 or UFX ?

Both brokers support discretionary trading, where the trader makes their own trading decisions, with web traders and apps. Plus500 can offer more markets. UFX additionally provides assistance to discretionary trading, with crowd trading information, where news events are referenced to the behavior of the 'crowd' of other traders and also offers MT4.

Summary

  • Both brokers have a clear, modern look to their web platforms
  • UFX offers an enhanced social trading newsfeed
  • Plus500 offers more markets to trade
  • Both provide web traders and apps
  • UFX offers MT4
  • Plus500 has a watch app
  • Both have a range of Cryptocurrency CFDs

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