Plus500 vs Nadex Broker Comparison

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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.
plus500-disclaimer-svg
OPEN ACCOUNTReviewReview
RATING90.8/10094/100
MIN. DEPOSIT100$250$
REGULATED BYuk europe south africa australiast-vincent-the-grenadines
BONUSNo InformationNo Information
MIN. SPREAD0.70.25
MAX. LEVERAGE1:30N/A
CURRENCY PAIRS7110
TRADING INSTRUMENTS2,000+60+
TRADING PLATFORMSMobile, PrivateMobile, WebTrader
DEPOSIT METHODSBank transfer, Visa, MasterCard, PayPal, TrustlyBank transfer, Visa, MasterCard, ACH
TYPE OF BROKERSMarket MakerMarket Maker
CUSTOMER SUPPORT24/5Trading Hours Only
LANGUAGE SUPPORT301
ESTABLISHED2008, HQ in Israel2009, HQ in Chicago
USED BY100,000+ Traders125,000+ 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 FEEPLUS500NADEX
Minimum Spread EURUSD (pips)0.70.25
Commission (%)01
Commission on Islamic Accounts (%)01

*Based on Standard account type.

Non-Trading Fees

TYPE OF FEEPLUS500NADEX
Account FeesNN
Inactivity FeesYY
Deposit FeesNN
Withdrawal FeesNY

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

PLUS500NADEX
Minimum Deposit (USD $)100250
LicensesFCA, CySec, FSCA, ASICFSA(SVG), CFTC
Max. Leverage1:30N/A
Client ProtectionYN
Broker TypeMarket MakerMarket Maker
Number of Instruments2,000+60+
Currency Pairs7110
Stocks10000
Cryptocurrencies13 (availability subject to regulations)0
CFDsYN
Proprietary Trading PlatformNN
MT 4NN
MT 5NN
Mobile CompatibleYY
Research ToolsYY
Educational MaterialsYY
Payment MethodsBank transfer, Visa, MasterCard, PayPal, TrustlyBank transfer, Visa, MasterCard, ACH
24/5 Customer SupportYY
Live ChatYY

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

INSTRUMENTPLUS500NADEX
Currency Pairs7110
Commodities258
Precious Metals03
Indices297
Stocks and Shares10000
Cryptocurrencies13 (availability subject to regulations)0
Options60029
ETFs10

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

TOOLPLUS500NADEX
News (from top-tier sources)NN
Trading Signals and IndicatorsYY
Trade IdeasNY
Expert AnalysisNY
Autochartist ToolsNN
Sentiment ChartsYN
Economic CalendarYN

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

FEATUREPLUS500NADEX
Demo AccountYY
Platform Tutorial VideosYY
Educational PDFsNY
Live WebinarsNY
YouTube VideosYY
Trading AcademyNN
Trading GlossaryNY

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.

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