TradeDirect365 vs Plus500

TradeDirect365 or Plus500 – which is better for UK traders 2024? Compare TradeDirect365 and Plus500 in this detailed breakdown of their platforms, features and fees.

TradeDirect365 vs Plus500 Comparison Table 2024
TradeDirect365 Plus500
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3
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4.1
TradeDirect365 is ranked #94 among CFD brokers. Plus500 is ranked #20 among CFD brokers.
Review
Review
Founded by professional trader Davin Clarke in 2014, TradeDirect365 is registered in Australia to provide retail traders with half a thousand CFD products at competitive fees and leverage up to 1:30. The firm is regulated by the ASIC, which is a top-tier regulator and offers fee-free and fast deposit methods. A beginner-friendly web platform is available alongside the popular MT4. Established in 2008 and headquartered in Israel, Plus500 is a prominent brokerage that boasts over 25 million registered traders in over 50 countries. Specializing in CFD trading, the company offers an intuitive, proprietary platform and mobile app. It maintains competitive spreads and does not charge commissions or deposit or withdrawal fees. Plus500 also continues to shine as one of the most trusted brokers with licenses from reputable regulators, including the FCA, ASIC and CySEC.
80% of retail CFD accounts lose money.
Pros
  • Full range of investments with a particularly strong suite of Australian stocks
  • No minimum deposit makes the broker accessible to beginners
  • Access to the MT4 desktop, web and mobile platform
  • Low, fixed spreads that provide transparent costs
  • Trusted broker regulated by the ASIC
  • Free demo account
  • Plus500 provides a specialized WebTrader platform designed explicitly for CFD trading, offering a clean and uncluttered interface
  • The broker offers commission-free trading on a diverse range of markets, minimizing additional fees while appealing to established traders
  • Plus500 has recently bolstered its suite of short-term trading products, including introducing VIX options with enhanced volatility
  • You can utilize leverage while engaging in long or short positions, allowing for more strategic trading opportunities
  • The customer support team continue to provide reliable 24/7 support via email, live chat and WhatsApp
Cons
  • CloudTrader has an outdated interface
  • Market research trails the best brokers
  • No copy trading service
  • Plus500’s lack of support for MetaTrader or cTrader charting tools might be a deal breaker for advanced traders looking for familiarity
  • Educational resources are limited compared to best-in-class brokers like eToro, impacting the learning curve for beginners
  • The absence of social trading means users can’t follow and replicate the trades of experienced traders
  • Compared to some competitors, especially IG, Plus500’s research and analysis tools are limited
  • Algo trading and scalping are not supported, which may deter some traders
Awards
  • Best Overall Broker 2021 - DayTrading.com
  • Best Overall Broker 2020 - DayTrading.com
  • Best Overall Broker 2019 - DayTrading.com
FCA Regulated
No

List of FCA Regulated Brokers

Yes
Instruments
CFDs, Stocks, Indices, Forex, Commodities, Cryptocurrencies CFDs on Forex, Stocks, Indices, Commodities, ETFs, Futures, Options
Demo Account
Yes Yes
Minimum Deposit
$0 $100
Payment Methods
Minimum Trade
0.01 Lots Variable
Regulator
ASIC, SCB FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA
Mobile Apps
iOS & Android iOS, Android & Windows
Trading App

TradeDirect365 offers the CloudTrader app. The beginner-friendly application is available on Apple and Android devices and offers one-click trading, customizable charts, and basic account management.

Plus500 have developed their mobile apps to match the WebTrader online platform . Secure and reliable, the app is among the best out there. Stop loss and limits are available, free alerts and a full range of markets and instruments are available. Visit the download page here.
iOS App Rating
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4.1
Android App Rating
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4.3
Margin Trading
Yes Yes
MetaTrader 4
Yes No
MetaTrader 5
No No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
No No
Trading Central
No No
STP Account
No No
ECN Account
Yes No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
No Yes
P2P Trading
No No
Spot Trading
Yes No
Auto Trading
Expert Advisors (EAs) on MetaTrader No
Copy Trading
No No
Social Trading
No No
Trade Signals
MT4
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No Yes
Custodial Account
No No
Guaranteed Stop Loss
Yes Yes
Inactivity Fee
$0 $10
Islamic Account
No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • USD
  • EUR
  • GBP
  • AUD
  • ZAR
  • CZK
Commodities
  • Oil
  • Gold
  • Silver
  • Aluminium
  • Copper
  • Zinc
  • Copper
  • Cotton
  • Coffee
  • Livestock
  • Sugar
  • Gasoline
  • Cocoa
  • Platinum
  • Soybeans
  • Oil
  • Gold
  • Silver
  • Corn
  • Aluminium
  • Palladium
  • Wheat
  • Cattle
  • Lean Hogs
CFD
Our team was impressed with the range and depth of CFD products available, with more than 500 instruments available on both MT4 and the firm's proprietary CloudTrader. You can go long or short on forex, stocks, indices, commodities and cryptos. Plus500 presents commission-free CFDs encompassing a vast array of markets, spanning currencies, stocks, indices, and commodities. You can engage in long or short positions on popular assets, benefiting from adaptable leverage without encountering any concealed fees.
Leverage
1:200 1:30
FTSE Spread
0.4 Dynamic
GBPUSD Spread<
0.8 Dynamic
Oil Spread
3.0 Dynamic
Stocks Spread
0.14% (Aus) Dynamic
Forex
TradeDirect365 offers 30 forex pairs with fixed spreads from 0.6 pips on the AUD/USD and EUR/USD. Retail investors can trade forex with 1:30 leverage and pro traders with 1:200 leverage. Plus500 provides forex trading through CFDs, featuring narrow spreads across an impressive selection of over 60 currency pairs. During testing, spreads came in as tight as 0.6 pips on the EUR/USD, which is notably lower than many alternatives.
Assets
30+ 60+
GBPUSD Spread
0.8 Dynamic
EURUSD Spread
0.6 Dynamic
EURGBP Spread
0.6 Dynamic
Cryptocurrency
DeFi enthusiasts can trade 10 different tokens at TradeDirect365, including Bitcoin and Ethereum. These instruments are available with both of the firm's supported platforms at competitive prices. You can trade crypto 24/7.
Spread
From 1 Variable
Coins
  • BTC
  • ADA
  • DASH
  • EOS
  • ETH
  • LTC
  • NEO
  • XLM
  • TRX
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • IOTA
  • NEO
  • EOS
  • XMR
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
TradeDirect365 Plus500
Review
Review
80% of retail CFD accounts lose money.
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