Plus500 vs SimpleFX
Plus500 is a broker offering CFD trading on indices, currencies, commodities, stocks and, for some time now, crypto currencies. Founded in 2008 and now headquartered in Israel, Plus500UK Ltd is authorized and regulated by the UK Financial Services Authority (FRN 509909). SimpleFX is an ECN broker for Forex and CFDs founded in 2014, which also enables trading in four crypto currencies. The broker is based in St. Vincent and the Grenadines and offers its services worldwide. Accounts can be managed in a variety of currencies, including Bitcoin, Etherum and Litecoin. Accounts in crypto currencies can be opened anonymously at SimpleFX.
| Broker | Plus500 | SimpleFX | XM |
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Israel | Kingstown | Cyprus |
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2008 | 2014 | 2009 |
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$ 100 | $1 | $5 |
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1:30 | 1:500 | 1:500 |
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0.5 Unit Amount | 0.01 Lots | 0.01 Lots |
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0.60 | 0.90 | 0.50 |
| View all spreads | View all spreads | View all spreads | |
| 76% of CFD accounts lose money | CFD Service. 74-89% lose money | CFD Service. 74-89% lose money | |
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60 | 60 | 57 |
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2045 | 88 | 356 |
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| View Instruments | View Instruments | View Instruments | |
| 76% of CFD accounts lose money | CFD Service. 74-89% lose money | CFD Service. 74-89% lose money | |
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| read more | Read more | Read more | |
| 76% of CFD accounts lose money | CFD Service. 74-89% lose money | CFD Service. 74-89% lose money |