Written by ForexBrokers.com
In this head to head comparison of Plus500 vs Spreadex, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When comparing online brokers Plus500 and Spreadex, Plus500 stands out with its foundation in 2008 and a highly trusted Trust Score of 99 from ForexBrokers.com. As a publicly traded company, Plus500 holds 6 Tier-1 licenses and 3 Tier-2 licenses, demonstrating a solid regulatory foundation. In contrast, Spreadex, founded earlier in 1999, is not publicly traded and has a Trust Score of 71, indicating average risk. Spreadex also holds fewer licenses, with just 1 Tier-1 license and no Tier-2 licenses.
Both Plus500 and Spreadex operate as non-banking financial institutions, offering unique advantages for traders. However, Plus500's presence on the stock exchange and its numerous Tier-1 licenses provide an added layer of trust and confidence to potential users. In comparison, Spreadex, while maintaining a respectable Trust Score, offers fewer assurances in terms of regulatory backing.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Year Founded | 2008 | 1999 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 6 | 1 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing commissions and fees of the online brokers Plus500 and Spreadex, several distinctions emerge. Plus500 tends to have pricing that is slightly above the industry average, especially in comparison to other leading forex brokers like IG or Saxo. While they do offer cash rebates for Professional clients, there are no discounts available for retail clients. For the EUR/USD currency pair, Plus500 recorded an average spread of 1.5 pips in April 2024, which ranks it slightly above the industry average.
Spreadex, on the other hand, presents a more competitive offering in terms of spreads. In January 2024, Spreadex had an average spread of 0.81 pips for the EUR/USD, with a minimum spread of 0.6 pips observed 60% of the time throughout the month. These figures suggest a fee structure that may be more appealing to those who prioritize tighter spreads in their trading strategy.
In the ratings by ForexBrokers.com, both brokers receive commendable evaluations, each earning a solid 4 out of 5 stars for commissions and fees. However, Plus500 is ranked slightly higher, placing at #25 out of 62 brokers, compared to Spreadex, which is ranked at #30. This ranking indicates a slightly favorable perception of Plus500 when considering their overall fee structure and commission rates.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Minimum Deposit | €100 | $0 |
| Average Spread EUR/USD - Standard | 1.5 | 0.81 |
| All-in Cost EUR/USD - Active | 1.5 | N/A |
| Active Trader or VIP Discounts | No | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments offered by Plus500 and Spreadex, both platforms provide forex trading as a CFD or spot contract. Plus500 features 5,500 tradeable symbols, whereas Spreadex offers an impressive 10,000, demonstrating a broader selection overall. However, Plus500 boasts access to 65 forex pairs compared to Spreadex's 52, offering greater choice for forex traders. Plus500 also stands out for allowing clients to invest in exchange-traded securities on U.S. and international exchanges, like shares of Apple and Vodafone, which is not a possibility with Spreadex. Both platforms do not support copy trading or the purchase of actual cryptocurrency, sticking to cryptocurrency derivatives instead.
Plus500 receives a commendable 4.5 stars for its range of investments, while Spreadex earns a full 5 stars, reflecting its broader market selection. In the ForexBrokers.com rankings for Range of Investments, Plus500 is positioned at number 24 out of 62 brokers, whereas Spreadex secures the 13th spot, again suggesting a competitive edge in offering a wider variety of tradeable assets. These aspects help potential investors determine which platform aligns better with their trading preferences and goals.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 10000 |
| Forex Pairs (Total) | 65 | 52 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools of Plus500 and Spreadex, both brokers present unique offerings to traders. Plus500 shines with a user-friendly proprietary platform and the availability of a free virtual demo account, providing a great starting point for beginners. It also offers 22 charting drawing tools and a comprehensive watch list with 10 configurable fields. However, it lacks direct trading from charts and does not support third-party platforms like MetaTrader or social trading services like DupliTrade. Plus500's platforms are primarily web-based, reflecting modern accessibility preferences, and have received a commendable rating of 4.5 stars in the Trading Platforms and Tools category, ranking #14 out of 62 brokers as per ForexBrokers.com.
Conversely, Spreadex also features a proprietary platform but does not provide a demo account, which might be a limitation for those wishing to practice without risking real money. While it matches Plus500 in providing a web-based trading platform, Spreadex distinguishes itself by allowing direct trading from stock charts, albeit with fewer drawing tools (11) and slightly fewer columns (8) for watch lists. Spreadex's platform has been rated 4 stars for Trading Platforms and Tools, with a ranking of #46 out of 62 brokers according to ForexBrokers.com. Neither broker supports popular tools like MetaTrader 4 or 5, though, and both received similar limitations on automated or copy trading services.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 114 | 55 |
| Charting - Drawing Tools (Total) | 22 | 11 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 10 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Plus500 and Spreadex offer mobile trading apps that are compatible with iPhone and Android devices, ensuring users can trade stocks or forex from anywhere. Both platforms provide stock or forex price alerts, keeping users updated on market movements. In terms of watchlist functionality, Plus500 stands out by allowing watchlist symbol syncing between its mobile app and online account, while Spreadex lacks this feature. Plus500 supports an impressive array of 110 technical studies for charting within its mobile app, a feature not available with Spreadex. Both apps include the option to draw trendlines and view charts in multiple time frames, yet neither saves drawing automatically.
Both Plus500 and Spreadex enable users to create watchlists with real-time quotes, enhancing the trading experience. In terms of user ratings, Plus500 earns a higher score with 4.5 stars, compared to Spreadex's 4-star rating. Considering their ranking among 62 brokers on ForexBrokers.com, Plus500 is positioned significantly higher at #14, whereas Spreadex ranks at #49. This indicates that Plus500's mobile trading app is generally preferred by users for its extensive charting options and syncing capabilities, setting it apart from Spreadex in the online trading landscape.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 110 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing Plus500 and Spreadex for market research offerings, both platforms provide valuable insights, but they have distinct strengths. Plus500 and Spreadex each offer daily market commentary, helping traders stay informed. However, Plus500 stands out with its access to Trading Central, offering technical analytics expertise, while Spreadex lacks this feature. In terms of news feeds, Spreadex has the upper hand by supplying forex news from top-tier sources like Bloomberg and Reuters, a service Plus500 does not offer. Sentiment tools are available on both platforms, allowing users to see the ratio of long or short positions across various instruments, enhancing their trading decisions. Additionally, each broker offers an economic calendar to showcase significant global economic events, yet neither provides market research from companies like TipRanks or Acuity Trading.
Looking at the overall ratings and rankings, Plus500 edges ahead with a research rating of 4.0 stars compared to Spreadex's 4 stars. Moreover, in a broader comparison of 62 brokers, Plus500 is ranked #19 by ForexBrokers.com for its research capabilities, while Spreadex is placed at #31. These rankings reflect Plus500's superior offerings, particularly in areas like Trading Central analytics, which can be a crucial factor for traders who prioritize advanced technical tools in their market research efforts.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Both Plus500 and Spreadex provide solid educational resources for beginners interested in forex and CFDs trading. Plus500 stands out with its comprehensive selection of more than 10 educational articles, videos, and archived webinars focusing on forex and CFDs. The platform offers at least one live client webinar each month and provides a searchable archive of recorded sessions for future reference—features that Spreadex does not match. Both brokers offer more than 10 beginner trading videos, ensuring newcomers receive ample foundational knowledge. However, Plus500 goes a step further by offering advanced educational videos tailored for experienced traders, whereas Spreadex does not.
While Spreadex compensates with an extensive investor dictionary listing over 50 investing terms, Plus500 does not provide a similar resource. Both platforms receive a 4-star rating for their educational services, yet, Plus500 is ranked higher by ForexBrokers.com at 31st out of 62 brokers, compared to Spreadex's 45th place. This comparison highlights Plus500's greater focus on interactive and varied educational content, which may be beneficial for traders keen to progress from beginner to advanced levels.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Plus500 is better than Spreadex. Plus500 finished with an overall rank of #14, while Spreadex finished with an overall rank of #39.
Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to a thorough selection of CFDs. Share trading is available, but only via its Plus500 Invest product offering.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 71 |
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Both Plus500 and Spreadex do not offer the ability to buy actual delivered cryptocurrency, but they do provide options to purchase cryptocurrency derivatives instead.
In comparing Plus500 and Spreadex as online brokers, Plus500 offers more diversified payment options, including PayPal, Skrill, Visa, Mastercard, and bank wires, whereas Spreadex supports only Visa, Mastercard, and bank wires, with neither broker offering ACH or SEPA transfers.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Plus500 | Spreadex | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | Plus500 Review | Spreadex Review |
| Broker Screenshots | Plus500 | Spreadex | |
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| Regulation | Plus500 | Spreadex | |
|---|---|---|---|
| Trust Score | 99 | 71 | |
| Year Founded | 2008 | 1999 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 6 | 1 | |
| Tier-2 Licenses | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | Plus500 | Spreadex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Plus500 | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Plus500 | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 10000 | |
| Forex Pairs (Total) | 65 | 52 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Plus500 | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.5 | 0.81 | |
| All-in Cost EUR/USD - Active | 1.5 | N/A | |
| Active Trader or VIP Discounts | No | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | Plus500 | Spreadex | |
|---|---|---|---|
| Minimum Deposit | €100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Plus500 | Spreadex | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Plus500 | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 10 | 8 | |
| Charting - Indicators / Studies (Total) | 114 | 55 | |
| Charting - Drawing Tools (Total) | 22 | 11 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Plus500 | Spreadex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 110 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Plus500 | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Plus500 | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Plus500 | Spreadex | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Plus500 Review | Spreadex Review |
| Overall | Plus500 | Spreadex | |
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| Trust Score | 99 | 71 | |
| Winner | check_circle | ||
| Review | Plus500 Review | Spreadex Review |
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