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Plus500 vs DEGIRO - which one is the best?

We took a deep dive into our database to answer the following question - which broker is better: Plus500 or DEGIRO ?

Let's see how they compare when it comes to trading platforms, fees, education and more.What’s the main difference? Our conclusion is that Plus500  ranks better when it comes to customer service, deposit, withdrawal and research. However, DEGIRO scores higher in terms of fees, education, and (apart from CFDs) markets and products.

In this article, we’ll compare the two brokers in detail. While Plus500 and DEGIRO share some similarities, the latter is not included in our top 5 Plus500 alternatives list, as it lags behind on some aspects in the BrokerChooser methodology. This doesn’t mean that DEGIRO is not a good alternative to Plus500, it rather illustrates that the broker is not a 100% replacement to Plus500. 

Visit DEGIRO
Visit Plus500
86% of retail CFD accounts lose money

Plus500 vs DEGIRO
Plus500 summary

  Plus500
Summary Plus500 is a global CFD broker listed on the London Stock Exchange's Main Market and regulated by many authorities including the UK's FCA and CySEC of Cyprus.
Foundation date 2008
Country of origin Israel
Recommended for Experienced traders looking for an easy-to-use platform and a great user experience

The fact that Plus500 is listed on a stock exchange, is regulated by several top-tier financial authorities and discloses its financials publicly are all good signs for the broker's legitimacy.

Plus500 is a CFD broker - with extras

Although its product portfolio consists mainly of CFDs, Plus500 has recently introduced an Invest platform where clients can trade real stocks from some EEA countries and the USA.

In comparison to DEGIRO, Plus500’s product selection lags behind and some popular assets such as ETFs are not available.

Visit Plus500
86% of retail CFD accounts lose money

Plus500 vs DEGIRO
DEGIRO summary

  DEGIRO
Summary DEGIRO is a discount broker that merged with flatexDEGIRO Bank AG and is supervised by the German financial regulator.
Foundation date 2008
Country of origin Netherlands
Recommended for Traders and investors looking for execution only

The legal entity behind the DEGIRO brand is flatexDEGIRO Bank Dutch Branch, which is the Dutch branch of flatexDEGIRO Bank AG.

As a German regulated bank, flatexDEGIRO Bank AG is primarily supervised by the German financial regulator, the Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). Regulators of other countries where DEGIRO offers its services are also notified by DEGIRO and are aware of its operations. In the Netherlands, the Dutch Central Bank (DNB) is tasked with the integrity supervision of DEGIRO. DEGIRO is deemed authorized and regulated by the Financial Conduct Authority in the UK.

DEGIRO is solely an investment platform

This means that the broker has a product selection ranging from stocks to ETFs, funds, bonds, options and futures; however, forex, CFDs and crypto is not available. In terms of stocks, options and futures, the product selection at DEGIRO is solid.

Plus500 vs DEGIRO
How DEGIRO compares to Plus500

Key similarities:

  • Account opening takes about the same effort at both platforms

  • Plus500's trading platform is slightly better, overall both are of high quality

  • The two brokers complement each other nicely - DEGIRO has a vast product selection except for CFDs and cryptos, while Plus500 has plenty of CFDs but a slim selection of real investment products.

Key differences: 

  • DEGIRO's fees are much lower than Plus500's

  • Deposit and withdrawal is much less complicated at Plus500, e.g. credit/debit card deposit is available, while at DEGIRO this method is unavailable

  • Plus500 provides better research and education

Plus500 vs DEGIRO
  Plus500 DEGIRO
Overall score 4.3 4.8
Overall pros
  • Easy-to-use platform
  • Great account opening
  • Quick and helpful customer support
  • One of the lowest fees on the market
  • Regulated by top-tier authorities
  • Easy-to-use web and mobile platform
Overall cons
  • Limited product range
  • Mediocre research tools
  • Average CFD fees
  • Forex not available
  • Limited research tools
  • No credit/debit card deposit
Fees score 2.9 stars 4.6 stars
Account opening score 5.0 stars 5.0 stars
Deposit and withdrawal score 5.0 stars 3.3 stars
Markets and products score 2.3 stars 3.6 stars
Research score 3.4 stars 2.1 stars
Customer service score 5.0 stars 3.8 stars
Education score 3.5 stars 2.5 stars
Recommended for Experienced traders looking for an easy-to-use platform and a great user experience Traders and investors looking for execution only
Visit DEGIRO  
Visit Plus500
86% of retail CFD accounts lose money
 

Plus500 vs DEGIRO
Plus500 vs DEGIRO: Markets and products

Product selection
  Plus500 DEGIRO
Stocks No Yes
ETFs No Yes
Forex No No
Funds No Yes
Bonds No Yes
Options No Yes
Futures Yes Yes
Crypto No No
CFDs Yes No

Plus500 vs DEGIRO
Conclusion

Is Plus500 a good broker?

The Plus500 platform is easy to use and provides a great user experience. Both the account opening process and customer support are great. On the other hand, the broker only offers CFDs and some real stocks, research tools are limited, and CFD fees are average. 

Scalping is taken seriously at Plus500; if you plan to execute many trades within 2 minutes, Plus500 is not your broker.

Trading CFD products is a seamless experience at Plus500, however, the broker lags behind DEGIRO when it comes to investing.

Is DEGIRO good for buying stocks? Is it better than Plus500?

DEGIRO is a good choice if you want a simple platform and don’t want to spend too much on fees.

Transaction costs are generally very low. In addition, the account opening process is fast.

On the other hand, as DEGIRO is an execution-only broker, its research tools are limited. Note that it offers no forex tradingno CFDs, and most clients can only deposit and withdraw by bank transfer.

Visit DEGIRO  
Visit Plus500
86% of retail CFD accounts lose money
 

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Further reading:

Author of this article

Bence András Rózsa

Author of this article

Bence is an experienced broker analyst. Having an MSc in international economy and finance, he focuses on equities, cryptos and newcomer financial services. He also has 2+ years of experience within the brokerage industry, specializing in stock and CFD/forex brokers, crypto providers and robo-advisors.

Bence András Rózsa

Broker Analyst

Bence is an experienced broker analyst. Having an MSc in international economy and finance, he focuses on equities, cryptos and newcomer financial services. He also has 2+ years of experience within the brokerage industry, specializing in stock and CFD/forex brokers, crypto providers and robo-advisors.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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