Plus500
SpreadCo
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Overview
Plus500 was founded in 2008 and is headquartered in Israel, while SpreadCo was established in 2005 and is based in London. Plus500 holds licences including Plus500UK Ltd authorized & regulated by the FCA (#509909), while SpreadCo is regulated by Financial Conduct Authority (FCA) among others. Plus500 serves 1,000,000+ clients worldwide; SpreadCo has 10,000+. Both brokers share the same minimum deposit of $100.
| Feature | Plus500 | SpreadCo |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Regulation | 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 | Financial Conduct Authority (FCA) |
| Founded | 2008 | 2005 |
| Country | Israel | London |
| Clients | 1,000,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between Plus500 and SpreadCo, directly affecting your bottom line as a trader. Both require a minimum deposit of $100. SpreadCo charges withdrawal fees while Plus500 does not, giving Plus500 an edge for frequent withdrawers. Plus500 applies inactivity fees on dormant accounts; SpreadCo does not. SpreadCo charges deposit fees; Plus500 does not. Overall, Plus500 scores higher on fees in our assessment.
| Feature | Plus500 | SpreadCo |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | Yes |
| CFD Fees | No | Yes |
Platforms
Plus500 offers MT4, MT5, cTrader, while SpreadCo supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | Plus500 | SpreadCo |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | Web Trader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how Plus500 and SpreadCo compare. Plus500 runs regular live webinars; SpreadCo does not. Both provide video tutorials. Plus500 publishes daily market commentary; SpreadCo does not. Both integrate third-party research tools. Plus500 maintains an archive of past webinars for on-demand viewing. Plus500 scores higher overall in education and research.
| Feature | Plus500 | SpreadCo |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | No |
| Weekly Webinars | Yes | No |
| Daily Commentary | Yes | No |
| Trading Central | Yes | No |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. Plus500 accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill), while SpreadCo supports 2 (bank transfer, credit/debit card). Plus500 uniquely supports PayPal and Skrill among the two brokers. Plus500 scores higher on deposit and withdrawal flexibility.
| Feature | Plus500 | SpreadCo |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | No | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both Plus500 and SpreadCo offer live chat support. Both provide phone support. Email support is available at both brokers. Plus500 supports 15 languages and SpreadCo supports 2, giving Plus500 broader global reach. Both brokers are comparable on support quality.
| Feature | Plus500 | SpreadCo |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese | English, and Chinese |