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
Headquarters Israel Kingstown Cyprus
Spanish
MM/STP Broker
ECN Broker
Founded 2008                       2014                       2009
Regulated By CySEC
Regulated By NFA
Regulated By FCA
Regulated By ASIC
Minimum Deposit $ 100 $1 $5
Maximum Leverage 1:30 1:500 1:500
Minimum Trade 0.5 Unit Amount 0.01 Lots 0.01 Lots
Commission
Deposit Fee
Withdrawal Fee
Fixed Spreads
Variable Spreads
EUR/USD Spread (Variable) 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
Demo Account
Micro Account
Zero Spread Account
Islamic Account
Deposit Bonus
No Deposit Bonus
Currency Pairs 60 60 57
CFDs 2045 88 356
Cryptocurrencies
Stocks
Indices
Energies
Metals
View Instruments View Instruments View Instruments
76% of CFD accounts lose money CFD Service. 74-89% lose money CFD Service. 74-89% lose money
MetaTrader 4
MetaTrader 5
Mobile App
iOS
Android
Web Platform
cTrader
NinjaTrader
Mirror Trader
ZuluTrade
Social Trading
Signals
Scalping
Hedging
VPS
Expert Advisor
PayPal
Neteller
Skrill                                            
Payoneer
Credit Card
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76% of CFD accounts lose money CFD Service. 74-89% lose money CFD Service. 74-89% lose money