Trading 212 vs plus500 are two of the top brokers in the online trading industry, each catering to a different segment of traders. The choice between the platforms ultimately boils down to a trader’s priorities, such as their preferred instruments and user experience. This article dives into the fees, markets, and features of both trading platforms to assist investors in making an informed decision.
Founded in 2008, plus500 is a leading CFDs provider that offers commission-free trading on 1800+ instruments with no hidden fees. Their platform is built around a mobile-first model and prioritises the needs of traders who prefer to trade on the go.
Trading 212 vs Plus500: Which Platform Is Better for You
Plus500 generates revenue primarily from spreads, which are the difference between the bid and ask prices of tradable assets. Other ancillary services such as inactivity fees, overnight funding fees, and currency conversion fees also contribute to the company’s income streams. Moreover, plus500 is regulated by Tier-1 authorities under ESMA and adheres to stringent safety standards such as providing negative balance protection for clients.
To trade on Plus500, simply log in to your account, navigate to the platform, and search for your chosen asset. Once you’ve found an asset, click ‘Buy’ or ‘Sell’ to open a position. You can then monitor your trades in the ‘Positions’ tab and implement risk management techniques such as setting stop-loss and take-profit levels to realise profits or cut losses. In the case of stocks, you can also buy or sell whole shares and fractional shares on the platform.