ForexTB vs Plus500, for 2024
Read our In-Depth ForexTB vs Plus500 Review - Updated for 2024
This comprehensive analysis of ForexTB and Plus500 has been revised to reflect any changes for 2024 by industry experts boasting years of financial experience across CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of ForexTB vs Plus500 does not apply to all countries as follows:
ForexTB Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Plus500 Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare ForexTB vs Plus500
Each platforms for online trading feature a few ups and downs, and any comprehensive analysis of ForexTB vs Plus500 would not be regarded as thorough without embracing an objective perspective.
Compare ForexTB and Plus500 to get a better understanding of the way they compare against each other before you create an account. A comparative analysis can bring aspects into perspective to ensure that you're aware of the expectations.
So you are looking for a broker and are choosing between ForexTB or Plus500. Which one is best in 2024?
This ForexTB vs Plus500 comparison contains the most recent information so you can easily compare Plus500 against ForexTB.
If you're a new entrant in the realm of trading and brokers, so many facts will be confusing for you. Getting into the world of trading demands expert analyzing skills and thorough knowledge. You'll acquire proficient at all the concepts of brokerage as you keep trading. For starters, you have to choose the right agent who'll be transparent with you constantly.
Within this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally direct investment plan has the potential to create hefty returns. ForexTB and Plus500 are two such platforms that will take you along with your investment into great heights. It's crucial that you compare ForexTB vs Plus500 before you trust them with your cash.
Our ForexTB vs Plus500 comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust ForexTB and Plus500 side by side.
Our entire ForexTB vs Plus500 Review covers everything you will need to learn about trading with either ForexTB or Plus500. A fantastic broker can multiply your initial investments and provide you favorable profits. If you want to earn profits, you must trade with a brokerage service that aligns with your investing goals.
There is no sure-fire way to guarantee profits; therefore, you must carefully assess your agent before you select them. It is a frequent misconception that all brokers are exactly the same, but that is not correct. Wrong judgment, in the beginning, can put your investments in danger.
ForexTB and Plus500 are both brokers that have forged their way successfully into the brokerage world. Within this review, we have attempted to collate a number of the vital facets of both ForexTB and Plus500. This review can help you to know whether either Plus500 or ForexTB is a fantastic fit for your investments or not. We've tried to breakdown all of the features and charges for your advantage.
Benefits of ForexTB and Plus500 Compared
ForexTB has a minimum deposit of $250 while Plus500 offers a $100 minimum deposit.
Why smaller minimum deposits are good and how ForexTB and Plus500 compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
ForexTB allows you to trade around 100 financial instruments while Plus500 allows you to trade around 100 financial instruments available.
The more instruments you can trade on the ForexTB and Plus500 platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you should never want to miss out on a trading opportunity due to the limitations of ForexTB or Plus500.
ForexTB and Plus500 Contact Details
Being able to contact an online trading platform simply is vital. ForexTB and Plus500 have the following contact details and social medias that you can use.
Broker | ForexTB | Plus500 |
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Telephone Number | +972 4-818-9503 | |
Address | Bldg 25 Matam, Haifa, Haifa, Israel | |
ForexTB Twitter Account | Plus500 Twitter Account | |
ForexTB Facebook Page | Plus500 Facebook Page | |
ForexTB Instagram Account | Plus500 Instagram Account | |
ForexTB LinkedIn Page | Plus500 LinkedIn Page | |
YouTube | ForexTB YouTube Channel | Plus500 YouTube Channel |
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Plus500 and ForexTB Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing ForexTB and Plus500 will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of both apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
While most brokers are good at this, there are some poor ones. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
ForexTB vs Plus500 - Awards
Broker | ForexTB | Plus500 |
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Awards | At the time of writing this ForexTB review, and despite ForexTB’s impressive offering, the company has surprisingly not garnered any awards to date. |
Plus500 have won numerous industry awards over the years they have been operating as an online broker. We list the most notable awards for Plus500 below.
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Find Out More |
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ForexTB vs Plus500 - Frequently Asked Questions
ForexTB vs Plus500 - Headquarters And Year Of Founding
ForexTB was founded in 2015 and has its headquaters in Cyprus.
Plus500 was founded in 2008 and has its headquaters in Israel.
What is the minimum deposit for Plus500 or ForexTB
The minimum deposit for ForexTB is $250.
The minimum deposit for Plus500 is $100.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both ForexTB and Plus500 are a good choice.
ForexTB vs Plus500 - Regulation And Licencing In More Detail
ForexTB is regulated by Cyprus Securities and Exchange Commission (CySEC), CIF license number 272/15.
Plus500 is regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546.
Both ForexTB and Plus500 have a powerful set of rules for ensuring honest trading on their individual platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
In accordance with their privacy regulations, client data is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare ForexTB vs Plus500 Commission And Fees
ForexTB and Plus500 are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled much better. That is, an online broker is not necessarily influenced by the number of clients they have.
However, this does not mean that online brokers don't charge any fees. They charge fees of varying rates for various services to earn money. There are primarily three different types of fees for this purpose.
The first kind of fees to look out for are trading fees. Whenever you make a genuine trade, like buying a stock or an ETF, you are billed trading fees. In these instances, you're paying a spread, financing speed, or a commission. The sorts of trading fees and the prices differ from broker to broker.
Commissions could be fixed or determined by the traded quantity. On the other hand, a spread denotes the difference between the buying and selling price. Financing or overnight rates are those that are billed when you hold a leveraged position for more than daily.
Aside from trading fees, online brokers also charge non-trading fees. These are dependent on the actions you undertake on your account. They are billed for surgeries like depositing money, not trading for lengthy periods, or withdrawals.
Generally, neither ForexTB or Plus500 charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a broker fee, or they charge a lesser amount. This is beneficial for people who regularly trade, such as weekly or daily trading.
However, non-trading fees billed by ForexTB and Plus500 are relatively competitive. As a result, you are billed more for non-trading actions on your trading account, like deposits and withdrawal. These are not related to the sale and purchase of resources.
This ForexTB vs Plus500 review for 2024 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For ForexTB And Plus500
What Languages Do ForexTB And Plus500 Support?
Being able to chat easily with your trading platform is a key way of comparing brokers to find your perfect broker. Not only for support but to ensure you understand everything on their website and inside their application as it is a key factor to success when trading online.
Below you can find all the languages that both ForexTB and Plus500 offer communication in.
How Many Clients Do ForexTB and Plus500 Have?
Both ForexTB and Plus500 are well established with their customer base. It is really important to work with an online broker that is professional and one of the most simple ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many users ForexTB and Plus500 have
What Payment Methods Do ForexTB and Plus500 Accept?
ForexTB and Plus500 both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at ForexTB and Plus500
What Can You Trade With ForexTB and Plus500?
ForexTB offers 100 trading instruments whilst Plus500 offers 2,000.
Below you will find a full breakdown of what both ForexTB and Plus500 offer.
ForexTB Review
ForexTB vs Plus500:
Table Of Contents
- Compare ForexTB vs Plus500
- Benefits of ForexTB and Plus500 Compared
- Plus500 and ForexTB Mobile App Comparison
- ForexTB vs Plus500 - Awards
- ForexTB vs Plus500 - Frequently Asked Questions
- What is the minimum deposit for Plus500 or ForexTB
- ForexTB vs Plus500 - Regulation And Licencing In More Detail
- Compare Broker Fees For ForexTB And Plus500
- What Languages Do ForexTB And Plus500 Support?
- How Many Clients Do ForexTB and Plus500 Have?
- What Payment Methods Do ForexTB and Plus500 Accept?
- What Can You Trade With ForexTB and Plus500?