Plus500 versus UFX - Compare Trading Brokers

Plus500 versus UFX - Compare both Brokers

Plus500 versus UFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100Web Trader & Apps2000+CySEC, FCA, ASIC, FSCA, FMA, MAS & IE
$100ParagonEx, MT5, Apps450+CySEC

Plus500 and UFX Comparison

Both Plus500 and UFX offer CFD trading. Plus500 can provide more markets to trade than UFX.

Both offer user friendly web traders and UFX also provides MT5. UFX offers support for crowd trading on ParagonEX. Thus each provides support for traders who execute their own trades, but UFX also brings information about the behaviour of the crowd of other traders to its platform, and offers MT5 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 crowd trading 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 offer daily market reviews, a video library, daily recommendations and 24hr live support. Mini, Standard, Gold and Platinum accounts also have VIP trading support. Standard, Gold and Platinum additionally receive exclusive updates. Gold and Platinum also have access to MT5. Trading Central is available for traders who deposit at least $1000 into their account.

Markets

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

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.

Spreads and ;everage

Plus500 offers fixed and variable spreads depending on the instrument. UFX offers fixed Forex spreads from 2.

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

Online trading platforms

Plus500 offers a web trader. UFx offers ParagonEx and MT5. Both offer mobile apps.

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 to trade, UFX also offers MT5.

Why Plus500 or UFX ?

Traders who want to trade on a user friendly platform can do so at either broker. Traders who want to trade using information from the crowd of traders can find a crowd trading news feed on UFX's ParagonEx. Traders who want to trade on MT5 can find this platform at UFX, but with a $5000 minimum deposit (ParagonEx has a $100 minimum deposit, like Plus500).

Comparison summary

  • Both brokers have a clear, modern look to their web platforms
  • UFX offers a crowd trading news feed
  • Plus500 has more markets to trade
  • Both provide web traders and apps
  • UFX additionally offers MT5
  • Plus500 has a watch app

Plus500

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