Compare Alpaca Trading vs Plus500


Online brokers compared for fees, trading platforms, safety and more. See how Alpaca Trading stacks up against Plus500!

Alpaca Trading vs Plus500
overall rating
4.6
4.3
overall pros
  • Great API trading service
  • Free stock & ETFs
  • Fantastic charting tools
  • Easy-to-use platform
  • Low CFD fees
  • Great account opening
overall cons
  • Customer support limited to email
  • Limited deposit and withdrawal options
  • Only US stocks and ETFs available
  • Limited product range, only CFDs
  • Minimal research tools
  • Mediocre educational section
fees
4.9
  • Commission-Free Stock and ETF Trading
  • No inactivity fee
  • No withdrawal fee
2.9
  • Low trading fees
  • No withdrawal fee
  • Inactivity fee
account opening
4.8
  • Fast
  • Fully digital
  • No minimum deposit
  • Bit complex process for integrating third-party tools
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
1.8
  • Free withdrawal
  • No deposit fee
  • User-friendly
  • Credit/Debit card not available
  • Only one account base currency
  • High withdrawal fee for wire transfers
5.0
  • Credit/Debit card available
  • No deposit fee
  • Five withdrawals per month free
web trading platform
3.7
  • User-friendly
  • Two-step (safer) login
  • Modern design
  • No price alerts
  • Limited customizability
  • Limited search function
4.4
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
4.2
  • User-friendly
  • Two-step (safer) login
  • Order confirmation
  • Poor search function
  • No price alerts
  • No Touch/Face ID login
4.9
  • User-friendly
  • Two-step (safer) login
  • Good search function
desktop trading platform
  • Limited order types
markets and products
2.0
  • Stock
  • ETF
1.9
  • CFD
research
5.0
  • Access to highly functional API
  • Great charting tools
  • Data on asset fundamentals
  • No trading ideas
2.8
  • Good interactive chart
  • User-friendly
  • No trading ideas
  • No fundamental data available
  • No/poor quality news flow
customer service
1.9
  • Great Slack and community forums
  • Email support
  • No phone support
  • No live chat
  • Mediocre email support
5.0
  • Live chat
  • Relevant answers
  • 24/7 availability
  • No phone support
education
4.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • No webinars
2.5
  • Demo account
  • Educational videos
  • No trading platform tutorial videos
  • No webinars
  • No educational articles
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
  • Listed on stock exchange
  • Negative balance protection
  • Financial information is publicly available
  • Does not hold a banking license
recommended for Traders interested in algorithmic stock trading Experienced traders looking for an easy-to-use platform and a great user experience
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