Plus500 vs USGFX Comparison

Compare Plus500 vs USGFX

Plus500 vs USGFX
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100Web Trader & Apps2000+FCA, CySEC, ASIC, FSCA, FMA, MAS & IE
$100MT4, MT560+ASIC

Plus500 vs USGFX Comparison

USGFX offers MT4 and MT5. Plus500 provides a web trader which is available across a range of platforms, including a watch. Plus500 provides many more markets to trade than USGFX (2000+ vs 60+), though USGFX has a competitive number of an STP/ECN broker, offering MT4. Thus USGFX allows and supports automated trading, while Plus500 is for discretionary trading.

USGFX is regulated by the ASIC in Australia. 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

Plus500 has more markets on its web trader. USGFX is an STP/ECN broker and offers MT4 and MT5.

Minimum deposit and account types

The minimum deposit for Plus500 is $100. The minimum deposit for USGFX is $100.

  • Plus500 provides CFD trading. It offers an Economic Calendar on its website covering news events and market effects.
  • USGFX offers four account types. These are Mini, Standard, VIP and Pro-ECN. The minimum deposit for the Mini account is $100, the minimum deposit for the Standard account is $10,000, and the minimum deposit for both the VIP and Pro-ECN accounts are $50,000. The different account types can offer lower spreads, with the lowest being available on the VIP account. All account types have a minimum trade size of 0.01 lots.
  • USGFX provides Trading Central, the Recognia Trading System (which provides trading ideas), analysis, one on one coaching and an Education Center on its website with webinars, seminars, a trading guide and Blog, along with contests.

Markets

  • Plus500 offers Forex, Indices, Energy, Cryptocurrencies, Metals, Stocks, EFTs, Soft Commodities, Bonds and Options, with 2000+ available.
  • USGFX offers Forex, Indices, Energy, Cryptocurrencies and Precious Metals, with 60+ available.

Cryptocurrency CFDs

  • Plus500 provides Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, IOTA, NEO, Monero, EOS, Stellar, Cardano and TRON.
  • USGFX offers Bitcoin.

Spreads and leverage

  • Plus500 offers fixed and variable spreads depending on the instrument.
  • USGFX offers variable spreads. On the Mini account, EUR/USD is from 2.8, on the Standard account EUR/USD is from 2.2, on the Pro-ECN account EUR/USD is from 1.5 and on the VIP account EUR/USD is from 1.3.
  • USGFX offers Gold spreads from 0.50 on all accounts except VIP, where they are from 0.36. US Oil spreads are from 0.027, plus commission.

Maximum leverage for Plus500 is . USGFX's maximum leverage is 500:1, except on the Pro-ECN account where it is 100:1.

Commissions

  • Plus500 does not charge commissions.
  • USGFX does not charge commissions for Forex or Precious Metals. It does charge commissions of $5 per lot per side for CFDs.

Platforms

Plus500 provides a web trader and apps on a range of devices. USGFX offers MT4 and MT5.

Why Plus500 or USGFX ?

USGFX is for traders who want to use a range of trading styles, as it offers MT4, MT5 and STP/ECN trading (thus supporting automated and discretionary trading). Plus500 is for traders who wish to use a web trader which focuses in providing a clear simplified layout to trade a considerably larger number of CFDs.

Comparison summary

  • Plus500 offers a web trader and apps
  • USGFX provides MT4 and MT5
  • Plus500 can offer many more markets
  • USGFX has a competitive number for an STP/ECN MT4 broker
  • USGFX has a range of account types, which can offer lower spreads, with higher minimum deposits
  • Plus500 can provide tight variable spreads
  • Both are regulated

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