Intro
In this article, we’ll compare the two services in detail. While Plus500 and Trading212 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 Trading 212 is not a good alternative to Plus500, it rather illustrates that the broker is not a 100% replacement to Plus500.
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Visit Plus500
86% of retail CFD accounts lose money |
Visit Trading 212
68% of retail CFD accounts lose money |
Plus500 vs Trading 212
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 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 introduced an Invest platform where clients can trade real stocks from some EEA countries and the USA.
In comparison to Trading 212, Plus500’s product selection lags a bit behind and some popular assets such as ETFs are not available.
Visit Plus500
86% of retail CFD accounts lose money
Plus500 vs Trading 212
Trading 212 summary
Trading 212 onboards clients without a waiting list from the EEA region only. Customers from other eligible countries can join Trading 212's waiting list, but it may take a while until onboarding restrictions are lifted and the waiting list is scrapped.
| Trading 212 | |
|---|---|
| Summary | Trading 212 is a CFD broker regulated by the UK FCA, Bulgarian FSC, and Cypriot CySEC. Customers can invest in commission-free stock and ETF trading as well. |
| Foundation date | 2004 |
| Country of origin | Bulgaria |
| Recommended for | Equity investors and CFD traders looking for easy-to-use trading platforms |
Trading 212 is considered legit as it is regulated by the top-tier FCA.
Trading 212 is both an investment & a CFD platform
This means that the broker offers CFDs, forex and real investment products like stocks and ETFs. Plus500 also offers stocks, but its main focus is on CFDs.
Visit Trading 212
68% of retail CFD accounts lose money
Plus500 vs Trading 212
How Trading 212 compares to Plus500
On the positive side:
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Both services offer great, easy-to-use platforms
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The quality of customer service, education and research tools is similar
On the negative side:
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Plus500 charges higher fees than Trading 212 as the latter is generally a zero-commission broker for investment products like stocks and ETFs. CFD costs at Trading 212 are generally high
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Deposit and withdrawal is somewhat better at Plus500 as there are more base currencies available
| Plus500 | Trading 212 | |
|---|---|---|
| Overall score | 4.3 | 4.5 |
| Overall pros |
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| Overall cons |
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| Fees score | 2.9 stars | 3.7 stars |
| Account opening score | 5.0 stars | 4.5 stars |
| Deposit and withdrawal score | 5.0 stars | 4.3 stars |
| Markets and products score | 2.3 stars | 4.1 stars |
| Research score | 3.4 stars | 3.4 stars |
| Customer service score | 5.0 stars | 5.0 stars |
| Education score | 3.5 stars | 4.0 stars |
| Recommended for | Experienced traders looking for an easy-to-use platform and a great user experience | Equity investors and CFD traders looking for easy-to-use trading platforms |
|
Visit Plus500
86% of retail CFD accounts lose money |
Visit Trading 212
68% of retail CFD accounts lose money |
Plus500 vs Trading 212
Plus500 vs Trading 212: Markets and products
When it comes to product selection, Trading 212 has a somewhat broader selection as it also offers ETFs. While Plus500 provides real stocks, its main focus is on CFDs.
| Plus500 | Trading 212 | |
|---|---|---|
| Stocks | No | Yes |
| ETFs | No | Yes |
| Forex | No | Yes |
| Funds | No | No |
| Bonds | No | No |
| Options | No | No |
| Futures | Yes | No |
| Crypto | No | No |
| CFDs | Yes | Yes |
Plus500 vs Trading 212
Conclusion
Is Plus500 better than Trading 212?
The Plus500 platform is easy to use, it provides a great user experience even for first-timers. The account opening process and customer support are great. On the other hand, the broker only offers CFDs and 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 more seamless experience at Plus500 as fees are lower and the selection is broader, however, the broker lags behind Trading 212 when it comes to investing.
Is Trading 212 better than Plus500?
Trading 212 offers commission-free stocks and ETF trades, and non-trading fees are low. The account opening process is seamless and the trading platforms are user-friendly.
Nevertheless, we found that CFD and forex fees are relatively high and we missed USD as an account currency.
At Trading 212, investing services are better - fees are lower, the selection of stocks and the availability of ETFs may be more appealing to users looking for an investment platform. If you are more into trading CFDs and forex, Plus500 may be a better option for you.
|
Visit Plus500
86% of retail CFD accounts lose money |
Visit Trading 212
68% of retail CFD accounts lose money |
->Back to Plus500 alternatives
Further reading:
- Plus500 vs Avatrade
- Plus500 vs eToro
- Plus500 vs XTB
- Plus500 vs IG
- Plus500 vs DEGIRO
- Plus500 vs Capital.com
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