Are you trying to figure out which is a better broker, Plus500 or Nadex? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that Nadex is the better of the two. Nadex offers 60+ instruments, licenses from FSA(SVG), CFTC, and fair trading fees.
In the tables below, you can compare the features of Plus500 and Nadex 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 Nadex higher than Plus500.
| Methodology: This tool uses data collected by our honest Forex experts. All information shown here is correct, regardless of any compensation we receive. |  |  |
| OPEN ACCOUNT | Review | Review |
| RATING | 90.8/100 | 94/100 |
| MIN. DEPOSIT | 100$ | 250$ |
| REGULATED BY |     |  |
| BONUS | No Information | No Information |
| MIN. SPREAD | 0.7 | 0.25 |
| MAX. LEVERAGE | 1:30 | N/A |
| CURRENCY PAIRS | 71 | 10 |
| TRADING INSTRUMENTS | 2,000+ | 60+ |
| TRADING PLATFORMS | Mobile, Private | Mobile, WebTrader |
| DEPOSIT METHODS | Bank transfer, Visa, MasterCard, PayPal, Trustly | Bank transfer, Visa, MasterCard, ACH |
| TYPE OF BROKERS | Market Maker | Market Maker |
| CUSTOMER SUPPORT | 24/5 | Trading Hours Only |
| LANGUAGE SUPPORT | 30 | 1 |
| ESTABLISHED | 2008, HQ in Israel | 2009, HQ in Chicago |
| USED BY | 100,000+ Traders | 125,000+ Traders |
Does Plus500 or Nadex 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 Nadex 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 Nadex the spread is 0.25.
This shows that Nadex is the better option for low-cost forex trading.
When it comes to non-trading fees, Plus500 charges for inactivity. Nadex charges for inactivity, withdrawal. With this in mind, Plus500 has lower non-trading fees.
When our experts analyzed the specific costs of both brokers, we found that is the better option.
Trading Fees*
| TYPE OF FEE | PLUS500 | NADEX |
|---|---|---|
| Minimum Spread EURUSD (pips) | 0.7 | 0.25 |
| Commission (%) | 0 | 1 |
| Commission on Islamic Accounts (%) | 0 | 1 |
*Based on Standard account type.
Non-Trading Fees
| TYPE OF FEE | PLUS500 | NADEX |
|---|---|---|
| Account Fees | N | N |
| Inactivity Fees | Y | Y |
| Deposit Fees | N | N |
| Withdrawal Fees | N | Y |
Which broker is safer, Plus500 or Nadex?
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. Nadex is regulated by FSA(SVG), CFTC and offers client protection.
Considering these two factors, and the general reputation and history of both brokers, we believe that Nadex is the safer broker.
Broker summary
| PLUS500 | NADEX | |
|---|---|---|
| Minimum Deposit (USD $) | 100 | 250 |
| Licenses | FCA, CySec, FSCA, ASIC | FSA(SVG), CFTC |
| Max. Leverage | 1:30 | N/A |
| Client Protection | Y | N |
| Broker Type | Market Maker | Market Maker |
| Number of Instruments | 2,000+ | 60+ |
| Currency Pairs | 71 | 10 |
| Stocks | 1000 | 0 |
| Cryptocurrencies | 13 (availability subject to regulations) | 0 |
| CFDs | Y | N |
| Proprietary Trading Platform | N | N |
| MT 4 | N | N |
| MT 5 | N | N |
| Mobile Compatible | Y | Y |
| Research Tools | Y | Y |
| Educational Materials | Y | Y |
| Payment Methods | Bank transfer, Visa, MasterCard, PayPal, Trustly | Bank transfer, Visa, MasterCard, ACH |
| 24/5 Customer Support | Y | Y |
| Live Chat | Y | Y |
How many trading instruments are available at Plus500 and Nadex?
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, Nadex boasts 60+ tradable instruments. Nadex offers 10 currency pairs, 0 cryptocurrencies, and 0 stocks and shares. Nadex does not allow 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
| INSTRUMENT | PLUS500 | NADEX |
|---|---|---|
| Currency Pairs | 71 | 10 |
| Commodities | 25 | 8 |
| Precious Metals | 0 | 3 |
| Indices | 29 | 7 |
| Stocks and Shares | 1000 | 0 |
| Cryptocurrencies | 13 (availability subject to regulations) | 0 |
| Options | 600 | 29 |
| ETFs | 1 | 0 |
Which broker offers the best trading platform, Plus500 or Nadex?
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 Nadex has 2 trading platforms, too. Both brokers also offer research and trading tools, however Nadex has more.
Overall, our experts agree that Nadex boasts the better trading platform offering.
Research Tools
| TOOL | PLUS500 | NADEX |
|---|---|---|
| News (from top-tier sources) | N | N |
| Trading Signals and Indicators | Y | Y |
| Trade Ideas | N | Y |
| Expert Analysis | N | Y |
| Autochartist Tools | N | N |
| Sentiment Charts | Y | N |
| Economic Calendar | Y | N |
Which is better for beginners, Plus500 or Nadex?
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 Nadex is the better broker for beginner traders as it offers a larger range of educational tools and materials. Nadex also has a minimum deposit of $.
Educational Features
| FEATURE | PLUS500 | NADEX |
|---|---|---|
| Demo Account | Y | Y |
| Platform Tutorial Videos | Y | Y |
| Educational PDFs | N | Y |
| Live Webinars | N | Y |
| YouTube Videos | Y | Y |
| Trading Academy | N | N |
| Trading Glossary | N | Y |
Which broker is better overall?
Overall, our tested reviewing methodology proves that Nadex is the better broker in a range of key areas. You can learn more by reading our Plus500 and Nadex reviews.
