Plus500 vs Trading212: Which Trading App Is Better

Both Plus500 and Trading 212 have free demo accounts and a full range of platforms to trade with CFDs. The question is: which one should you choose for your trading activity?

Plus500 Overview

Founded in 2008, Plus500 offers traders the opportunity to trade in over 100 CFD assets, ranging from stocks and currencies to commodities. In addition, it was one of the first businesses to provide CFDs trading. The primary objective of Plus500 is to provide a simple platform that all its users can easily navigate.

Trading 212 Overview

On the other hand, Trading 212 is a UK-based broker that offers CFD, Forex, and stock trading. Trading 212 is licensed and regulated by the Financial Conduct Authority (FCA) in the UK. It's a well-known broker that offers a wide range of features, including an easy-to-use platform and a wide selection of tradable assets.

Plus500 vs Trading 212: Fees

Both brokers offer competitive fees, though Trading 212 offers slightly lower spreads on some assets. And both platforms do not charge any commissions on trades.

Plus500 has some of the lowest spreads in the market, making it a popular choice for traders. For example, you can initiate a trade on EUR/USD at a spread of just 0.7 pips. While its spreads on stocks and commodities are not quite as tight, they are still lower than the industry average, ranging between 0.20% and 0.50%.

Account fees are essential to consider and could play a role in which platform you choose. However, we are happy to report that neither company imposes charge withdrawals or deposit fees. In particular, Trading 212 is a more cost-effective option, as they have no account fees. In contrast, Plus500 charges an inactivity fee of £10/month if your account is inactive for more than three months.

Plus500 vs Trading 212: What You Can Trade

Both Plus500 and Trading 212 offer various assets to trade, including stocks, indices, commodities, and currencies. 

• Stocks and ETFs: if your focus is to trade stocks, Plus500 has a broader collection of stocks to trade than Trading 212. Most importantly, it offers CFD trading on stocks listed on exchanges worldwide, while Trading 212 only allows trade in ETFs.
• Forex: Trading 212 has a slight edge as they have a total of 150 currency pairs to trade, while Plus500 offers only 70. 
• Indices: You can trade all major global stock indices on both platforms.
• Commodities: Both platforms offer a decent range of commodities to trade, but with Trading 212, you get access to futures contracts as well.
• Cryptocurrency: Plus500* and Trading 212 provide cryptocurrency trading opportunities. Plus500 offers 14 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple, while Trading 212 includes 16.

Keep in mind that Plus500 only offers CFDs to trade. Meaning, you will never own the underlying asset but instead enter into a contract with Plus500 that gives you either a profit or loss based on the change in the asset's price.

*Availability subject to regulations

Security

High security is of the utmost importance to trading clients. Both companies are regulated by the Financial Conduct Authority (FCA) in the UK. In addition, clients from the UK are protected by the Financial Services Compensation Scheme (FSCS) if Plus500 or Trading 212 becomes insolvent, reimbursing you for loss of investment up to a maximum of £85,000.

Both offer 2-factor authentication and use the latest technologies to ensure the safety of your funds. Plus500 also provides advanced security features, including an option for traders to enable a Touch ID verification system to access their trading account.

Ease Of Use

Plus500 and Trading 212 offer a simple to use platform. Both have intuitive interfaces that are easy to navigate.

In addition, both brokers provide investors with a wide range of resources that can help them improve their trading skills and expand their knowledge on different topics related to CFD trading. 

Plus500 offers webinars and interactive tools such as financial calculators, while Trading 212 provides training courses and an extensive learning center featuring video lessons.

Plus500 offers a well-designed mobile app that is easy to use. It provides all of the features and functionality of the desktop platform, making it a convenient option for traders who trade on the go. They call it Webtrader, and it's available on both iOS and Android.

Furthermore, it is a self-developed platform and doesn't have Metatrader 4 (MT4) or Metatrader 5 (MT5).

Trading 212 has an app with the same functionality, but Plus500's user-friendly approach gives it a slight edge.

Other Features

Plus500 and Trading 212 offer many features that can be beneficial to traders.

Client Support: Both brokers have excellent customer service, with 24/7 support available in several languages.

Trading Tools: While both brokers offer advanced trading tools, like indicators, charting tools, and more, Plus500 provides 90+ indicators. 

Research & Analysis: Both have the industry's best research and analysis tools. Any trader can use them to find strategies and conduct extensive research on the market. In addition, the two platforms include basic research tools, news feed, and economic calendars.

Demo Account: While both brokers offer demo accounts, trading in Demo mode gives you full access to all trading features and allows you to practice in an environment that is very similar to your Live account.

Conclusion

Overall, both Plus500 and Trading 212 are good choices for traders looking for a reputable and reliable broker with a wide range of assets to trade. 

However, it's all up to you to choose the one that fits your needs. You can open a demo account with both brokers and try them out for yourself, practicing on their platforms before making any investments.

You can also check out our comprehensive comparison tool for financial services platforms. You only have to answer a few simple questions, and it will show you which is the best trading app for your needs.