Plus500 vs Trading 212: Comprehensive Review From Traders Union
Traders Union provides an in-depth comparison between Plus500 and Trading 212, streamlining the broker selection process and offering valuable insights for a more informed Forex trading journey.
Picking a top Forex broker for success is tough. Analyzing firms and reviews takes hours. Traders Union experts ease this. Their service simplifies broker selection, saving you time and reducing Forex analysis to minutes through the comprehensive brokers comparison. Rely on experts for a streamlined and efficient trading journey.
What You Need To Know About Plus500 vs Trading 212
TU analysts have explored Plus500 vs Trading 212 and shared valuable insights. Plus500 offers versatile trading conditions, serving both novices and experts. Their expertise lies in active trading, with a wide range of assets. However, withdrawal issues and slow support responses mar their image.
Trading 212, registered in London since 2006, specializes in investment and active trading across forex and stock markets. Regulated by FCA and CySEC, it lacks award data, yet garners credibility.
Pros and Cons
Introducing insights from analysts at Traders Union, let’s examine the pros and cons of Plus500 vs Trading 212:
Plus500 Pros:
- Offers more than 2000 trading CFD instruments.
- Provides advanced screeners and analysis tools.
- Includes a free alert service.
- Operates as a well-regulated CFD broker.
Plus500 Cons:
- Doesn’t offer passive earnings.
- Imposes restrictions on scalping, order hedging, and automated trading.
- Doesn’t cooperate with traders from specific countries.
- Lacks an ECN account option.
- Doesn’t support MT4/MT5 trading platforms.
Trading 212 Pros:
- Requires a low minimum deposit.
- Offers a wide variety of trading assets.
- Presents an extensive selection of Stocks and ETFs.
- Holds regulation in both the UK and EU.
Trading 212 Cons:
- Doesn’t provide investment programs.
- Offers limited options for contacting customer support.
- Doesn’t organize trader contests.
Trading Conditions For Users
With insights from TU analysts, let’s examine the features of Plus500 and Trading 212:
Plus500:
- The minimum deposit requirement is $100.
- Offers trading on platforms like WebTrader and Plus500.
- Provides maximum leverage (for Futures) of 1:300.
- Supports a wide array of markets including CFDs on Forex, Stocks, Commodities, Metals, Cryptocurrencies, options, and ETFs.
- Offers both Real and Demo trading accounts.
- Accepts USD as the base account currency.
Trading 212:
- The minimum deposit stands at £1 or €1.
- Provides trading through a web platform and a mobile app for iOS and Android.
- The maximum leverage (for Futures) varies, with 1:30 for retail clients and 1:500 for Pro clients.
- Covers markets like currency pairs, CFDs on stocks, indices, futures, commodities, and ETFs.
- Offers different types of accounts, including Trading 212 Invest, Trading 212 CFD, and ISA (available for UK clients).
- Accepts GBP and EUR as the base account currencies.
Forex Bonuses and Promo
Traders Union experts have discussed bonuses and promo of these two brokers.
Plus500:
- There is no Forex Bonus offered.
- Their Affiliate Program provides earnings for affiliate partners. Referring clients who open trading accounts and start trading can earn affiliates from $200 to $800. The exact amount varies based on the partner’s country of residence.
Trading 212:
- Similarly, no Forex Bonus is available.
- Trading 212’s Affiliate Program operates as a promotional offer. This referral program designates existing clients as partners, granting them individual referral links to attract new users. For each new active trader referred, the referrer receives a bonus. Trading 212 features a tiered referral system rewarding clients and their referred friends with a free share (or a portion of a share) valued up to €100/GBP.
Conclusion
The process of selecting an optimal Forex broker can be challenging, involving hours of analysis and review reading. The experts alleviate this burden, offering a streamlined solution. Their service simplifies the broker selection process, significantly reducing the time required for Forex market analysis through comprehensive broker comparisons. The examination of Plus500 and Trading 212 by the analysts has yielded valuable insights.
