Plus500 vs 24Option Broker Comparison

Are you trying to figure out which is a better broker, Plus500 or 24Option? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that 24Option is the better of the two. 24Option offers 300 instruments, licenses from IFSC, and fair trading fees.

In the tables below, you can compare the features of Plus500 and 24Option side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked 24Option higher than Plus500.

Rating
90.8/100
94.2/100
Min. Deposit
100$
250$
Regulated By
FCAFCA
CySecCySec
FSCAFSCA
ASICASIC
IFSCIFSC
Bonus
No Information
N/A
Min. Spread
0.7
1.1
Max. Leverage
1:30
250
Currency Pairs
71
30
Trading Instruments
2,000+
300
Trading Platforms
mobile, Private
MT4, Private
Deposit Methods
Bank transfer, Visa, MasterCard, PayPal, Trustly
Bank transfer, Visa, MasterCard, Skrill, Neteller and more
Type of Brokers
Market Maker
Market Maker
Customer Support
24/5
24/5
Language Support
30
12
Established
2008, HQ in Israel
2009
Used By
100,000+ Traders
50,000+ Traders

Does Plus500 or 24Option have lower trading costs and fees?

To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.

To give an overall view of how cheap or expensive Plus500 and 24Option are, we first considered the common fees on Standard Accounts. At Plus500 the average spread for the EUR/USD currency pair is 0.7 pips, whilst at 24Option the spread is 1.1.

This shows that Plus500 is the better option for low-cost forex trading.

When it comes to non-trading fees, Plus500 charges for inactivity. 24Option charges for inactivity. With this in mind, both brokers offer similar non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that Plus500 is the better option.

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, Plus500 or 24Option?

In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.

Plus500 is regulated by FCA, CySec, FSCA, ASIC and offers client protection. 24Option is regulated by IFSC and offers client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that Plus500 is the safer broker.

Broker summary

How many trading instruments are available at Plus500 and 24Option?

Plus500 provides traders with 2,000+ instruments. This includes 71 currency pairs, 13 (availability subject to regulations) cryptocurrencies, and 1000 stocks and shares. With Plus500, you can also trade CFDs.

In comparison, 24Option boasts 300 tradable instruments. 24Option offers 30 currency pairs, 36 cryptocurrencies, and 199 stocks and shares. 24Option also allows CFD trading.

As both brokers offer the same total number of instruments, both are great choice if you are wishing to diversify your trading portfolio.

Markets and Products

Which broker offers the best trading platform, Plus500 or 24Option?

When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.

Plus500 provides you with the ability to trade via 2 trading platforms, and 24Option has 2 trading platforms, too. Both brokers also offer research and trading tools, however 24Option has more.

Overall, our experts agree that 24Option boasts the better trading platform offering.

Research Tools

Which is better for beginners, Plus500 or 24Option?

To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.

Considering this, our reviews show that 24Option is the better broker for beginner traders as it offers a larger range of educational tools and materials. 24Option also has a minimum deposit of $.

Educational Features

Which broker is better overall?

Overall, our tested reviewing methodology proves that 24Option is the better broker in a range of key areas. You can learn more by reading our Plus500 and 24Option reviews.

Plus500 vs 24Option
Plus500
90.8
Points
24Option
94.2
Points
Overall
4 points
Plus500
95
Points
24Option
89
Points
Commissions & Fees
6 points
Plus500
96
Points
24Option
92
Points
Licensing & Safety
4 points
Plus500
88
Points
24Option
93
Points
Trading Platforms & Tools
5 points
Plus500
90
Points
24Option
94
Points
Payments
4 points
Plus500
89
Points
24Option
99
Points
Customer Service
10 points
Plus500
87
Points
24Option
98
Points
Educational
11 points
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