Plus500 vs Binary.com Comparison

Plus500 vs Binary.com | Trading Brokerage Comparison

Binary.com vs Plus500 Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
NoneWeb Trader & Apps, MT550+MFSA, VFSC
$100Web Trader, Downloaded Platform, Apps2000+FCA, CySEC, ASIC, FSCA, FMA, MAS & IE

Binary.com vs Plus500 Comparison

Both brokers offer web trading platforms, however on its web trader Binary.com includes simulated markets, which can be traded 24/7. Plus500 offers a wide range of CFDs and a considerably larger number of CFDs on its web trader (which can also be downloaded). Binary.com however provides MetaTrader 5 (MT5), the successor to MT4. On this platform it offers a range of markets, including 24/7 trading of Cryptocurrency CFDs. Plus500 also offers 24/7 trading of Cryptocurrency CFDs on its platform.

Binary.com is regulated by a range of bodies including the MFSA in Malta and the VFSC in Vanuatu.

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.

Quick comparison

Each offers a user friendly web trader. Binary.com additionally provides MT5 and has no minimum deposit for this platform. Plus500 has many more CFDs to trade.

Minimum deposit and key account features

The minimum deposit for Plus500 is $/€/£100. The minimum deposit to use Binary.com's web trader is $5, but there is no minimum deposit to use MT5.

  • Binary.com offers a range of features on its website including webinars, an Economic Calendar and TradingView. When the trader has opened their account they gain access to the SmartTrader platform and can then open MT5 accounts. These accounts can include a Standard account, an Advanced STP account and a Synthetic Indices account (different accounts can be available in different countries).
  • Plus500 offers an Economic Calendar on its website covering news events and potential market effects of this news.

Markets to trade

  • Binary.com offers trading on MT5 in Forex, Commodities, Indices and Cryptocurrencies, with 50+ available. It also offers 24/7 trading in simulated markets. The markets available can vary in different countries.
  • Plus500 offers trading in Forex, Commodities, Indices, Cryptocurrencies, Stocks, ETFs and Options, with 2000+ available.

Cryptocurrency CFDs

  • Binary.com offers Bitcoin, Ethereum, Litecoin, Ripple, EOS, Bitcoin Cash and Emercoin CFDs.
  • Plus500 offers Bitcoin, Ethereum, Litecoin, Ripple, EOS, Bitcoin Cash, Monero, NEO, Stellar, IOTA, Cardano and TRON CFDs.

Leverage

Maximum leverage for Binary.com on CFDs on MT5 (MFSA regulated) is . Maximum leverage for Plus500 is .

Online trading platforms

Binary.com offers its SmartTrader web trader and MT5. Plus500 has a web trader and a downloaded version. Both brokers have mobile apps. Plus500 also offers a watch app.

Why Binary.com or Plus500 ?

Traders who want to trade a wide range and relatively large number of CFDs may do so at Plus500. Traders who want to trade markets 24/7 may do so at either broker, as each offers markets which can be traded this way. Traders who want to trade CFDs on MetaTrader 5 (MT5) may do so at Binary.com.

Comparison summary

  • Both offer CFD trading
  • Plus500 has more markets and a wider range of markets to trade
  • Both provide web traders
  • Binary.com additionally offers MT5
  • Both provide 24/7 trading for some markets, as well as trading within market hours
  • Binary.com has a lower minimum deposit (none for MT5)

Search this site

Translate