Intro
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 |
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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:
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Account opening takes about the same effort at both platforms
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Plus500's trading platform is slightly better, overall both are of high quality
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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:
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DEGIRO's fees are much lower than Plus500's
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Deposit and withdrawal is much less complicated at Plus500, e.g. credit/debit card deposit is available, while at DEGIRO this method is unavailable
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Plus500 provides better research and education
| Plus500 | DEGIRO | |
|---|---|---|
| Overall score | 4.3 | 4.8 |
| Overall pros |
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| Overall cons |
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| 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
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 trading, no 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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