Written by ForexBrokers.com
In this head to head comparison of Plus500 vs Spreadex, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Plus500 (founded 2008) and Spreadex (founded 1999) are online brokers with different trust profiles per ForexBrokers.com. Plus500 is publicly traded, while Spreadex is privately held; neither is a bank. On the ForexBrokers.com Trust Score (0–99), Plus500 scores 99, which is in the 90–99 “highly trusted” range. Spreadex scores 70, which falls into the 70–79 “average risk” range.
Regulatory coverage also differs. Plus500 holds 7 Tier-1 licenses (highly trusted by ForexBrokers.com) and 4 Tier-2 licenses (trusted). Spreadex holds 1 Tier-1 license and no Tier-2 licenses. This regulatory gap helps explain why Plus500’s Trust Score is higher than Spreadex’s.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Year Founded | 2008 | 1999 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 4 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 0 |
When comparing commissions and fees, Plus500 and Spreadex are both priced around the middle of the pack, though neither is the cheapest option for frequent traders. Plus500’s pricing is slightly above the industry average, and it does not offer retail discounts. However, some professional clients may qualify for cash rebates. For EUR/USD, Plus500’s average spread was 1.5 pips in April 2024, which is higher than the market average. Plus500 earns a 4.0-star rating for commissions and fees and ranks #25 out of 36 brokers at ForexBrokers.com.
Spreadex comes in close behind on ranking, but its trading costs on EUR/USD were lower in the data provided. In January 2024, Spreadex reported an average EUR/USD spread of 0.81 pips, with a minimum spread of 0.6 pips available 60% of the time during the month. Spreadex is rated 4 stars for commissions and fees and is ranked #26 out of 36 brokers by ForexBrokers.com.
Overall, Spreadex appears slightly better on spread pricing for EUR/USD, while Plus500 offers professional-client rebates that may help offset costs for eligible traders. For casual users, both brokers are similar in their commissions-and-fees scores, with Plus500 holding a very small lead in ranking and Spreadex offering the tighter example spread in the data shown.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Minimum Deposit | €50 | $0 |
| Average spread (EUR/USD) - Standard account | 1.3 | 0.81 |
| All-in Cost EUR/USD - Active | 1.3 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
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When it comes to range of investments, both Plus500 and Spreadex give traders access to forex as a CFD or spot contract, and both offer cryptocurrency CFDs rather than actual crypto. Plus500 stands out for forex variety, with 65 currency pairs compared with Spreadex’s 52, while Spreadex has the larger overall product list, offering about 10,000 tradeable symbols versus Plus500’s 5,500.
There is also a key difference in shares. Plus500 lets clients buy actual shares on both U.S. and international exchanges, while Spreadex does not offer exchange traded securities outside of CFDs. Neither broker offers copy trading or direct purchase of crypto. Based on ForexBrokers.com’s Range of Investments rating, Spreadex scores slightly higher at 5 stars and ranks #13 out of 36 brokers, while Plus500 earns 4.5 stars and ranks #16.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 10000 |
| Forex Pairs (Total) | 65 | 52 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
Plus500 and Spreadex both give traders a simple way to start, since each offers a free demo account and a web-based platform you can use in your browser. Both brokers also have their own in-house platform, so you do not need to rely on MetaTrader 4 or MetaTrader 5, and neither offers a downloadable Windows desktop platform or copy trading. In other words, if you want a straightforward platform experience without extra software, both brokers meet that need.
Where they differ is in the finer details of trading tools. Spreadex lets you trade directly from a stock chart, while Plus500 does not, which may appeal to traders who want quicker order entry from chart view. Plus500 scores higher overall for Trading Platforms and Tools, with 4.5 out of 5 stars and a ForexBrokers.com ranking of #14 out of 36, compared with Spreadex at 4 stars and #35 out of 36. That makes Plus500 the stronger choice overall, even though both brokers cover the basics well.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | No | No |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 115 | 58 |
| Charting - Trade From Chart | No | Yes |
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Plus500 and Spreadex both offer mobile trading apps for iPhone and Android, along with stock and forex price alerts. Each app also lets users draw trendlines on charts, which can help with simple technical analysis. Neither app auto-saves chart drawings, so any lines or marks may need to be added again after closing the app.
Where Plus500 pulls ahead is in charting and app integration. Its mobile app includes 115 technical studies and watchlist syncing, so changes made on the app can carry over to the online account. Spreadex does not offer watchlist syncing, and its charting tools are not listed with a technical study count. That difference is reflected in ratings and rankings too: Plus500 earns 4.5 out of 5 stars and ranks #14 out of 36 for mobile trading apps, while Spreadex scores 4 out of 5 stars and ranks #34.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 115 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | No |
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When comparing market research, Plus500 and Spreadex both give traders daily market commentary, a sentiment tool showing long and short positioning, and an economic calendar for tracking major global events. Neither broker offers market research from TipRanks or Acuity Trading. However, they differ in a few key areas: Spreadex includes forex news from major sources such as Reuters or Bloomberg and also offers Autochartist, while Plus500 does not. On the other hand, Plus500 provides Trading Central research tools, which Spreadex does not.
Overall, Plus500 comes out ahead for research quality, with a 4.5-star rating and a ForexBrokers.com research rank of #16 out of 36 brokers. Spreadex scores 4 stars and ranks #28 out of 36. For traders who want a slightly stronger research package, Plus500 has the edge, while Spreadex still covers the basics well and stands out for its top-tier news feed and Autochartist tools.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | Yes |
| Trading Central | Yes | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for trading education, Plus500 has the edge over Spreadex. Plus500 offers forex and CFDs learning material, runs online client webinars at least once a month, and provides 10 or more beginner videos as well as 10 or more advanced videos. This makes it a better fit for new traders who want a wider range of learning tools and regular live sessions. It is also rated 4.5 out of 5 stars for Education and ranks #26 out of 36 brokers in the ForexBrokers.com Education category.
Spreadex still gives beginners some useful support, including 10 or more beginner videos, but it falls behind Plus500 in a few key areas. It does not offer monthly educational webinars, and it does not meet the same level of forex or CFDs education or advanced video content. Spreadex is rated 4 out of 5 stars for Education and ranks #34 out of 36, so while it can cover the basics, Plus500 offers a more complete learning experience for most new traders.
| Feature |
Plus500
|
Spreadex
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Plus500 is better than Spreadex. Plus500 finished with an overall rank of #14, while Spreadex finished with an overall rank of #33.
Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to a thorough selection of CFDs. Share trading is available, but only via its Plus500 Invest product offering.
| Feature |
Plus500
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Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 70 |
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Plus500 vs Spreadex: Neither online broker allows buying actual (delivered) cryptocurrency, but both offer cryptocurrency trading via CFDs.
Comparing online brokers Plus500 vs Spreadex for deposit and withdrawal methods: neither supports ACH or SEPA, both accept bank wire transfers, Plus500 also supports PayPal and Skrill while Spreadex does not, and Visa/Mastercard availability is not specified for either.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Plus500 | Spreadex | |
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| Trust Score | 99 | 70 | |
| Winner | check_circle | ||
| Review | Plus500 Review | Spreadex Review |
| Broker Screenshots | Plus500 | Spreadex | |
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| Regulation | Plus500 | Spreadex | |
|---|---|---|---|
| Trust Score | 99 | 70 | |
| Year Founded | 2008 | 1999 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 4 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 0 |
| Tier-1 Licenses (Highly Trusted) | Plus500 | Spreadex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Plus500 | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | Yes | No | |
| Jordan (JSC Authorised) |
| Investments | Plus500 | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 10000 | |
| Forex Pairs (Total) | 65 | 52 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Plus500 | Spreadex | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.3 | 0.81 | |
| All-in Cost EUR/USD - Active | 1.3 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Plus500 | Spreadex | |
|---|---|---|---|
| Minimum Deposit | €50 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | Plus500 | Spreadex | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No |
| Trading Tools | Plus500 | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 115 | 58 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Plus500 | Spreadex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 115 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Plus500 | Spreadex | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | Yes | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Plus500 | Spreadex | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Plus500 | Spreadex | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Plus500 Review | Spreadex Review |
| Overall | Plus500 | Spreadex | |
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| Trust Score | 99 | 70 | |
| Winner | check_circle | ||
| Review | Plus500 Review | Spreadex Review |
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