easymarkets vs Plus500

easyMarkets is the leading forex broker for beginners cfd trading based on their forex platform, 31 charting tools, fixed spreads and risk management tools while Plus500 is more tailored to intermediate traders who understand how CFDs work and can use the Plus 500 platform with 100+ technical indicators.

Below shows the easyMarkets vs Plus500 comparison or you can view the full easyMarkets review or Plus500 review.

Strengths

1. No Commissions
2. Guaranteed Stop Loss
3. Wide Range of CFDs offered
4. Excellent Client Money Protection
5. 24/7 Customer Support

1. Range of Risk Management Tools (including dealCancellationand guaranteed stop loss)
2. Low Margin, Zero Spreads + $0 commission
3. Fixed Spreads (no slippage risks)
4. Choice of easy-to-use forex trading platform
5. Personal Account Service Manager and Personal Analyst

Weaknesses

1. Inactivity Fee
2. Overnight Funding Chargest
3. Relatively High Spreads
4. No Automated Trading Available
5. Limited Analysis Tools on Plus500 Platform

1. Lower Leverage (compared to industry benchmark)
2. Key Features offered on easyMarkets platform not offered on MT4 platform
3. Free Trade simulator only available for 8 days
4. No Stock/Share Market options

Spreads + Commissions

Spread Value

9.2
Commission Value

9.9
Spread Value

9.2
Commission Value

9.9

Forex Trading Platform

Plus500 platform - iPhone/iPad, Android, Windows Phone App, Windows 10 Trader, Web Trader

1. easyMarkets (custom platform)
2. MT4 by easyMarkets

Execution Speeds

Trading Speed

10
Trading Speed

10

Leverage

1:300

400:1

Risk Management

1. Guaranteed Stop Loss
2. Negative Balance Protection
3. Stop Limit /Stop Loss / Trailing Stop
4. Segregated Accounts
5. ASIC Regulated

1. Guaranteed Stops
2. Negative Balance Protection
3. Deal Cancellation
4. Australian Securities and Investments Commission Regulated (ASIC) and Cyprus securities exchange commission

Other CFDs (eg Crypto)

1. Indices
2. Energy Commodities (Oil, Gasoline, Natural Gas, Heating Oil, Brent Oil)
3. Metals (Gold, Palladium, Copper, Platinum, Silver)
4. Soft Commodities (Wheat, Soybeans, Corn, Cocoa, Sugar, Coffee, Cotton, Lean Hogs, Live Cattle, Feeder Cattle)
5. Cryptocurrency (Bicoin, Ethereum, Bitcoin Cash, Litecoin, NEO, Ripple, IOTA, Monero, EOS)
6. Shares
7. Options
8. ETF

1. Indices / Index (S&P 500, NASDAQ, Dow Jones...)
2. Metals (Gold, Silver, Copper, Platinum, Palladium)
3. Energy Commodities (Energy, Oil, Gas)
4. Soft Commodities (Wheat, Corn, Cotton, Soybeans, Sugar, Coffee, Cocoa)
5. Cryptocurrencies (Bitcoin, Ethereum, Ripple)

Customer Support

1. 24/7 Chat Support
2. Email via Web Portal
3. No Phone Support
4. No Education Library

1. 24/5 Toll Free Phone support for Australia and and International
2. Live Chat
3. Facebook Messenger
4. Viber
5. Email

Joining Bonus

1. Between $200 and $10,000 bonus will be added to you account depending on amount deposited provided minimum trade requirement is satisfied.

Receive 20% or up to a $2000 tradable bonus based on your first deposit.

Funding Methods

1. Bank Transfer
2. Debit/Credit card (Visa, Mastercard)
3. Electronic Wallets (Paypal, Skrill)

1. MasterCard, Visa (excluding China), AMEX, JCB (only Europe)
2. SOFORT (Germany, Austria, Begum, Netherlands, United Kindom)
3. giropay (Germany only)
4. Ideal (Netherlands online)
5. Local Bank Transfer with Ingenico
6. WebMoney (all countries excluding Europe and APAC)
7, BPay (APAC only)
8. Neteller
9. Skrill
10. fasapay (Indonesia only)
11. UnionPay (China only)
12. Bank Wire Transfer

Reviews

Trust Pilot 7.1/10 (679 reviews)

Trustpilot
5 out of 5 stars - 450 reviews

Recommended For

Beginner Traders

1. Traders that wish to minimise risks
2. Traders that want fixed spreads and don't want 'slippage' risks
3. Traders that desire a personal account manager

  • MetaTrader
  • cTrader
  • ECN Trading Account
  • Deal Cancellation
  • Guaranteed Stops
  • Guaranteed No Minimum Balance
  • No Fees On Deposits + Withdrawals
  • Share Trading

Beginner Traders

1. Traders that wish to minimise risks
2. Traders that want fixed spreads and don't want 'slippage' risks
3. Traders that desire a personal account manager

Spreads + Commissions

Spread Value

9.2
Commission Value

9.9
Spread Value

9.2
Commission Value

9.9

Execution Speeds

Trading Speed

10
Trading Speed

10

 

  • MetaTrader
  • cTrader
  • ECN Trading Account
  • Deal Cancellation
  • Guaranteed Stops
  • Guaranteed No Minimum Balance
  • No Fees On Deposits + Withdrawals
  • Share Trading
  • MetaTrader
  • cTrader
  • ECN Trading Account
  • Deal Cancellation
  • Guaranteed Stops
  • Guaranteed No Minimum Balance
  • No Fees On Deposits + Withdrawals
  • Share Trading

Trading Spreads and Fees – easyMarkets vs Plus500

SpreadsEUR/USDUSD/JPYAUD/USDGBP/USD
Plus5000.60 or 0.000060.70 or 0.070.080 or 0.0000080.90 or 0.000009
easyMarkets1.821.82

Looking at the spreads, you will notice the spreads of Plus500 are narrower than those of easyMarkets. Although both brokers are market makers, the difference in spreads reflect refle

Compare EasyMarkets Logo

ct the features each broker include as part of their service.

Fixed vs Dynamic Spreads

easyMarkets spreads are fixed while Plus500 offer either fixed or dynamic spreads depending on the currency pair. Fixed spreads like easyMarkets offer, don’t change regardless of m

Compare Plus500 Logo

arket liquidity or volatility. This provides the advantage of allowing you to plan your trade strategies around a spread prior to trading.

Volatile spreads on the hand are subject to market liquidity and conditions of the market. So while variable spreads may generally be narrower than fixed spreads, the fluctuating nature means they may in fact be wider than our table shows.

Risk Management Inclusions

Risk Management Tools includedeasyMarketsPlus500
Guaranteed Stop LossComplementaryOptional (spread will be wider)
Guaranteed Take ProfitComplementaryOptional (spread will be wider)
Guaranteed Negative Balance ProtectionComplementaryComplementary
Price FreezeComplementaryNo
Deal CancellationYes - with feeNo
SlippageNoYes
HedgingYesNo
Trailing StopsSee guaranteed take profit/lossOptional
Close at Profit/LossSee guaranteed take profit/lossOptional

easyMarkets come with a large range of complementary risk management tools. These tools are part of all your forex trades and explains why spreads are wider than those of Plus500. Plus500 do offer some risk management features but these are optional and will result in a wider spread.

Additional Costs

CostseasyMarketsPlus500
Rolling/Overnight FeesNone (included in spread)Yes
Inactivity FeesNoYes
Guaranteed Stop OrderNo (Included in spreads)Yes
dealCancellationYesNot offered
Maximum monthly withdrawals penaltyNoYes
Deposit and withdrawal feesNoLimited (ie. Incoming and outgoing bank transfers from your bank account to Plus500 account. )

It is important to note that neither broker charges commissions however easyMarkets include most of their “hidden” costs in their spread which are fixed. Plus500 have a few charges that will be applied after you make your purcahse,.

Conclusion – easyMarkets vs Plus500 Spreads and fees

If you are after the narrowest spreads then choose Plus500 however the complementary features easyMarkets offer means this broker is well worth considering. easyMarkets offerings is very good if you are a risk averse trader or am trading in a volatile market.

Open a demo account >>Visit easyMarkets>>

 

Additional Account Information

easyMarkets accounts

easyMarkets Accounts

 

Plus500 Accounts

Leverage – easyMarkets vs Plus500

easyMarkets offer higher leverage than Plus500. The 400:1 leverage easyMarkets provides offers greater opportunity to maximise your profit opportunity with each forex trade you do. Plus500 however still offer a good level of leverage. Both traders allow you to reduce you leverage level if you prefer.

When trading on leverage, it is important to remember that you are taking on risk so it is important that you understand the risks you need to consider. Always research your trades and thoroughly you trading strategies before executing your trades. Both brokers offer decent risk management features that can help protect you against risks when trading. easyMarkets risk management tools are excellent for this.

Conclusion – easyMarkets vs Plus500

easyMarkets higher leverage means more opportunity to achieve higher returns and this is backed by sound risk management tools that help secure you investments.

 

Open a demo account >>Visit easyMarkets>>

Platforms – easyMarkets vs Plus500

easyMarkets Trading Platforms

This broker offers a choice of 2 platforms. This is their own custom platform and MetaTrader 4.

easyMarkets own proprietary offers all the standard tools one expects when trading. This platform which is available via web and mobile includes excellent features for new and intermediate traders. The platform offers the following key benefits:

  1. Access to easyMarkets risk management features such as dealCancellation and Freeze Rate.
  2. Trading ticket for easy switching between different trading categories such as forwards or vanilla options.
  3. Access to 200+ trading instruments via main trading screen
  4. Good range of analytical tools
  5. Easy to navigate interface
  6. Zero slippage
  7. Integrated news and charts

mt4 with easymarkets on tablet mobile

MetaTrader 4 by Metaquotes is the worlds most popular trading platform and the platform we like to recommend. Mt4 is built for both beginner and advanced tradersand has a few features easyMarkets proprietary platform does not offer but also is missing a few features. MT4.

Features MT4 offers that easyMarkets own platform do not:

  1. Expert Advisors / Robots to automate your trading
  2. MultiTerminal so you can see more information on different terminals
  3. Excellent range of graphs and chartsMT4

Features easyMarkets propritary platform offers that MT4 does not

  1. dealCancellation
  2. Vanilla options and froward deals
  3. Integrated news and charts
  4. No slippage guarantee

Plus500 Trading Platforms

Plus500 only offer their own custom platform. They do not offer platforms like MetaTrader or cTrader that many brokers offer. The Plus500 platform however does have one unique feature, in addition to being able to use the platform via web-browsers. mobiles and tablets users can also access their platform via their apple watch. The platform is specifically designed to operate seamlessly across different operating systems and interfaces (i.e mobiles, tablets) which will appeal to you if you wish to be mobile.

The platforms easy interface makes it easy for users to see all the information they need for different trading derivatives. It also designed so you can easily use their risk management tools when you need.

If you like to test your trading strategies before putting them to practice, plus500 platform has a great feature allows for easy switch between live and demo accounts.

 

Plus500 Trading Platform

Conclusion – easyMarkets vs Plus500

Both easyMarkets trading platforms and Plus500 platform offer a number of number of benefits, the other platforms do not offer. It is best to consider your trading needs when choosing a platform. For example if you need risk management features then easyMarkets proprietary platform might be idea. If you desire integration between different platform interfaces and operating systems then Plus500 might be best. MetaTrader 4 has the advantage of being widely available which means you can change brokers in future but continue to use the same platform.

Open a demo account >>Visit easyMarkets>>

Risk Management – easyMarkets vs Plus500

Both easyMarkets and Plus500 are known for their risk management features. easyMarkets include many of their risk management features in their spreads while Plus500 make their features optional.

We have already shown a comparison for each brokers risk management tools. Here is a brief run down of what each feature is.

Features of note both brokers offer:

  1. Guaranteed Negative Balance Protection: While most brokers only offer a margin call system to protect your account, these brokers guarantee your account wont go into debt.
  2. Guaranteed Stop Loss/Take Profit – easyMarkets offer this for all trades (without increasing the spread) while Plus500 offer this as an option (which will widen the spread. These features guarantee your forex currency pairs will be sold when prices hit you loss tolerance or have achieved a level of profit.
  3. Trailing Stops

easyMarkest vs Plus500 Guaranteed Stops

Features of note only easyMarkets offers:

  1. Price Freeze – This is a free feature that allows you to freeze the bid/ask price of the currency pair before they change. This gives you an extra second to decide if you wish to take up the offer before the price changes.
  2. dealCancelation – If you are dealing in a volatile market, you may wish to take up dealCancellation. When you purchase this feature, you gain the right to cancel your order with 60 minutes. For example, if price movements are unfavourable during this period, you can cancel your order and get you your investment back.
  3. Hedging – If you want to insure yourself against possible unfavourable future currency movements then you may take advantage of forward contracts. This can help protect your investment however can also work against you if price movements are unfavourable.
  4. Slippage – easyMarkets guarantee you will not experience slippage when forex trading.

Conclusion – easyMarkets vs Plus500

easyMarkets are our recommendation when it comes to risk management features. Not only do easyMarkets offer more risk management tools, a lot of these tools are inclusive with all your trades. Plus500 also have a good deal of risk management option however you must nominate them in order to use.

Open a demo account >>Visit easyMarkets>>

Contracts for Difference (CFDs) – easyMarkets vs Plus500

easyMarkets are not a specialist all-in-one style broker in that they do not offer a large range of asset classes for trade. CFDs available include hard and soft commodities such as metals, agricultural goods, indices and cryptocurrencies.

Plus500 on the other hand offer a far more comprehensive range of derivatives when we compare with easyMarkets. Plus500 offer an extensive range of cryptocurrencies, in addition to the common ones such as Bitcoin, they offer a few unique onces such as IOTA, Monero. They also offer the usual indices but have a few unique offerings such as Cannabis stock index which we have not seen on offer before. You will also find stocks, options and ETFs.

Easymarkest vs Plus500 CFDs

Conclusion – easyMarkets vs Plus500

Plus500 offer more CFD features when it comes to trading different asset classes or derivatives than easyMarkets. We therefore recommend Plus500 if you have a need to trade a wide range of different CFDs.

Bonus Offers – easyMarkets vs Plus500

easyMarkets

There are two main types of promotions that will be of interest to most. These are the “First deposit bonus” and the “Refer a Friend” offer. The “First deposit bonus” will result in you receiving up to 20% or $2000 in tradeale bonus depdning on the size of your first deposit provided you meet the Plus500 terms and conditions. This offer simply means you receive bonus credit you can use to trade with.

The “Refer a Friend” offer simply means easyMarkets will credit you up to USD$750 in trading credit fore each friend you introduce to easyMarkets. The more your friend trades in their first month from sign up, the more credit you will receive.

easyMarkets promotions

Plus500

Plus500 offer a number of bonus programs. This includes a rebate program and first deposit program. In both programs you will be rewarded with trading credits based on how much you deposit when you join Plus500 or how much trading activity you engage with each month. A first time deposit of AU$300 will result in AU$80 while a deposit of AU$75,00 will give you $10,000 in trading credit. Likewise if you earn 80 T-points when trading you will receive AU$80 or 10,000 T-points .

Conclusion – easyMarkets vs Plus500

Both brokers offer a good range of bonus features however Plus500 offer more value in the long term when it comes to trading features thanks to their credit rewards in their rebate program.

Customer Server – easyMarkets vs Plus500

easyMarkets Customer Support

This broker have 24/5 customer support commencing 8am each Monday AEST time. easyMarkets have their support teams located in sydney and Cyrpus and available via Messenger (Facebook), Viber and Whatsapp in additional to the traditional methods contact methods.

easymarkets vs plus500 contact

easyMarkets Customer Service

The easyMarkets range of educational resources is solid. Educational features include:

  • Get Starting – This section found on their website s a series of video that cover¬† all the fundamental you need to know for trading with easyMarkets
  • Discover – This video series explains everything you need to know about the main trading instruments available with easyMarkets.
  • Free eBooks – If you prefer to learn by reading, easyMarkets offers eBooks you can download that cover a wide range of information about trading and easyMarket trading platforms
  • Knowledge Base – This feature explains main topics in a simple and straightforward manner
  • FAQ – Here you will find all you questions answered

easyMarket services also include indepth market analysis resources. These include:

  • Market News – These are feeds of events on the market throughout the world.
  • Trading Charts – These are charts that will help your predict future trading movements
  • Currency Rates – here you can find all the latest currency exchange rates around the world
  • Financial Calendars – This is advise on changes in policies that may impact markets you trade in
  • Forex News – This is a blog covering major news that will affect forex

easyMaket also offer a demo account. With this account you get $15,000 of virtual funds and access to all the key easyMarket features such as guaranteed protections and dealCancellation.

Plus500

This broker is unusual in that their support features are more limited when we compare with other brokers. For example although Plus500 offer 24/7 live chat and email support, there is no phone support.

easymarkets vs plus500 contacts

Plus500 also don’t offer much in the way of trading education. This is interesting given it is a standard feature many other online brokers offers. This doesn’t mean Plus500 is an inferior product, it just means they assume you will use other resources freely available on the web when researching.

This broker however do offer one of the better demo account. While most broker offer time limits or fund limits for their demo account, Plus500 place no access or limit restrictions.

Conclusion – easyMarkets vs Plus500

Unless you have a need for 24/7 customer support, easyMarkets are our recommendation. easyMarkets provide a wide range of contact options for customer support. Not only is their support better but they have more services. easyMarkets offer all the education tools you will need to help you trade successfully and have a great experience with easyMarkets/

Deposits and Withdrawals – easyMarkets vs Plus500

Neither broker charge fees for making deposits or withdrawals. However Plus500 do have a deposit and withdrawal minimum of $100 requirements.  Both brokers offer a good range of cards, bank transfer, eWallets methods for managing your funds.

Plus 500*Your capital is at risk

Conclusions – easyMarkets vs Plus500

Given both brokers do not charge for funding transfers and offer mostly the same services don’t see a need to recommend one broker over the other.

Plus 500*Your capital is at risk