This comparison overview aids individuals that have a hard time to pick between CMC Markets and Plus500 to locate the most effective online broker for their trading and investment needs. It assesses the main features of both brokers side by side to help customers contrast their service and make an informed choice.
To assist individuals select the appropriate broker in between CMC Markets and Plus500 to locate the best-suited system, below is a list of broker’s benefits and drawbacks, followed by a contrast of their main trading features, consisting of trading systems & devices, fees, mobile trading, down payment & withdrawal, possessions, guideline, and client assistance.
CMC Markets vs. Plus500: Summary
CMC Markets is a UK based online broker founded in 1989. It is regulated by three tier-one regulators including the FCA, ASIC and CIRO. Users can trade on over 12.500 tradable instruments including shares, forex and CFDs.
CMC Markets proprietary trading platform called Next Generation offers various advanced trading tools, an extensive education section and reliable trade execution.
CMC Markets charges low forex spreads from 0.7 pips (EUR/USD) and 0% commission. Additional bonuses and rebates for active traders makes CMC Markets a low cost broker.
CMC’s customer service is available by phone, email and live chat only 24/5 (from Sunday to Friday night).
Plus500 is a reputable CFD online broker licensed by the DFSA (F005651). They offer access to a wide range of assets including 2,800 CFDs on stocks & ETFs, cryptos, futures, forex, commodities, and indices. The Plus500 trading platform offers basic trading tools including Technical analysis charts, real-time quotes, quick buy and sell options from the same window and 3 order different types (market, limit stop order).
Plus500 trading fees are average compared to similar forex and CFD brokers. They charge an average spread of 0.8 pips (EUR/USD) without any commission. Plus500 charges non trading fees in the form of overnight fees, currency conversion fees, guaranteed stop order fees, and inactivity fees.
Plus500’s customer service is available 24/7 (even during the weekends and holidays) by phone, email, WhatsApp, and live chat.
Pros
- Low minimum deposit ($0)
- Low average spreads from 0.73 pips EUR/USD
- Fast and reliable trade execution
- Great research tools and educational materials
- Bonus and rebate program
Cons
- High stock trading fees
- Customer service availability is limited (24/5)
Pros
- Low minimum deposit ($100)
- Competitive spread of 0.8 pips EUR/USD
- Multiple order types and technical indicators
- Excellent customer service
- Negative balance protection
- Intuitive mobile trading app
Cons
- Relatively high fees compared to other brokers
- Limited markets
- Limited charting tools and features
Key features
- Competitive forex spreads
- MT4 Compatibility
- Access to 338 forex pairs and 9,000 shares
- Comprehensive market research tools
- Beginners and advanced trading features
- Competitive pricing
Key features
- Access to 3,000 CFDs
- Beginner-friendly demo account and educational resources
- Low, floating spreads from 0.8 pips EUR/USD
- Advanced (conditional) order types available such as GSOs and TSOs
- Free unlimited demo paper trading account
- Fast account opening
CMC Markets vs. Plus500 Comparison
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CMC Markets
Plus500
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 500:1 | 1:30 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | $10 | |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | £10 | 0 |
| Forex (EUR/USD) | 0.7 pips | 0.8 pips |
| Stocks & ETF | 0 | 0 |
| CFD (Gold) | 3.4 pips | 7.2 pips |
| Crypto | 0 | 0 |
| Options | 0 | 0 |
| Conversion Fees | ||
| Misc. Fees | ||
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | 0 | $100 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | 0 |
| ETF & Funds | 0 | 0 |
| Crypto | 0 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 0 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| CFDs on Forex Instruments | 330 | 60 |
| CFD Indices & Funds | 98 | 430 |
| CFD Stocks | 9500 | 1000 |
| CFD Commodities | 100 | 22 |
| CFD Crypto | 0 | 0 |
| CFD Bonds | 50 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
CMC Markets vs. Plus500 Comparison Conclusion
The outcomes of our contrast of CMC Markets vs. Plus500 are wrapped up in the table below.
| Broker: | Best For: |
| CMC Markets | Forex and CFDs |
| Plus500 | CFD trading and investing |
Choosing the ideal selection in between CMC Markets and Plus500 can be difficult. Both online brokers have resemblances but differ regarding trading tools, systems & applications, law, down payment & withdrawals, and research and education. Selecting the most effective broker relies on customers’ trading & investment objectives, specific choices, and experience degree.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.