Admiral Markets vs Plus500 - Fees Review included
Which broker is better Admiral Markets or Plus500? Our expert assessment conducted according to TU’s own methodology showed that Admiral Markets is one of the top brokers in the financial market with the TU Overall Score of 8 out of 10. Plus500 is one of the top brokers in the financial market with the TU Overall Score of 6.83 out of 10. Find out more about TU Overall Score.
| Feature | Admiral Markets | Plus500 |
|---|---|---|
Overall |
4.7 |
3.7 |
5 |
4.9 |
|
4.8 |
4.4 |
|
4.7 |
4.4 |
|
Investment Instruments |
4.5 |
1 |
Platforms and Charting Tools |
4.6 |
3.3 |
Deposit and Withdrawal |
4.4 |
4.8 |
Research |
4.6 |
2.9 |
Education |
4.4 |
2.3 |
Support |
4.4 |
2.4 |
Bonuses |
3 |
2.1 |
|
|
Admiral Markets vs Plus500: Pros and Cons
The Admiral Markets broker company commenced operations in 2001. The broker’s activities are registered and licensed by the Australian Securities and Investments Commission (ASIC). Admiral Markets now operates in more than 40 countries with a cash cycle of up to USD 40 billion. The broker holds a lifetime license issued by the Federal Financial Markets Service. It is also regulated by the Financial Conduct Authority (FCA). Access to the FX+Project as one of their specific features. In 2002 Admiral Markets was awarded the “Forex 2012” (“Best of the Best”) by The New Europe Magazine.
Plus500 broker is owned by Plus500UK Ltd, a UK registered company with headquarters in London. The company is regulated by the FCA (UK Financial Conduct Authority). Plus500.com has been an active trading platform since 2008, where traders can trade more than two thousand financial assets. The broker provides its services in Asia and Europe, being also one of the fastest-growing companies that make it possible to trade CFD (contract for differences) contracts.
| Admiral Markets | Plus500 | |
|---|---|---|
| Overall Pros | Well-Regulated broker | Over 2000 trading CFD instruments |
| 3400+ trading instruments | Advanced screeners and analysis tools | |
| Low trading and non trading fees | Free alert service | |
| Invest account for stock and ETF trading | Well regulated CFD broker | |
| 6 free stock trades per day | ||
| Fee discounts for big volume trading | ||
| Any strategy is allowed | ||
| Free VPS | ||
| Direct stock trading, Over 4500 stocks and ETFs | ||
| Overall Cons | No forex bonuses | Plus500 does not provide the possibility of passive earnings |
| A ban on scalping, order hedging, and automated trading | ||
| the broker does not cooperate with traders from Ukraine, the USA, and several other countries | ||
| Broker don't offer ECN account | ||
| MT4/MT5 trading platforms are not supported |
Admiral Markets vs Plus500: Safety and Regulation
| Regulated By: | Admiral Markets | Plus500 |
|---|---|---|
US Regulation |
No |
No |
FCA (Great Britain) |
Yes |
Yes |
CySec (Cyprus, EU) |
Yes |
Yes |
ASIC (Australia) |
Yes |
Yes |
Other Regulators |
Jordan (JSC), South Africa (CIPC) |
Authorised Financial Services Provider #47546 issued by the FSCA in South Africa., Plus500 holds a capital markets services license from the Monetary Authority of Singapore for dealing in capital markets products (License No. CMS100648-1), Regulated by the Seychelles Financial Services Authority (Licence No. SD039) |
Admiral Markets vs Plus500: Trading Conditions
| Trading Conditions | Admiral Markets | Plus500 |
|---|---|---|
Minimum Deposit |
$1 |
$100 |
Trading Platforms |
МТ4, MT5 |
WebTrader, Plus500 |
Max Leverage (Futures) |
1-500 |
1-300 |
Supported Markets |
Forex, Stocks, ETFs, CFDs on indices, commodities, crypto, metals, stocks, bonds |
CFDs on Forex, Stocks, Commodities, Metals, Cryptocurrencies, options and ETFs |
Trading assets |
3500+ |
2000+ |
Trading Accounts |
Trade.MT4, Trade.MT5, Invest.MT5, Zero.MT4, Zero.MT5 |
Real, Demo |
Base Account Currencies |
EUR, USD, GBP, CHF, BGN, RUB, RON, PLN, HUF, HRK, CZK |
USD |
Admiral Markets vs Plus500: Fees
Forex Trading Fees
| Fee | Admiral Markets | Plus500 |
|---|---|---|
Standard Account EURUSD Average Spread |
0.6 pips |
0.9 pips |
Standard Account Fee |
$0 |
$0 |
ECN/STP Account Fee |
$3-1.8 per lot |
Not supported |
ECN Account EUR Average Spread |
0.1 pip |
Not supported |
CFD Trading Fees
| Fee | Admiral Markets | Plus500 |
|---|---|---|
CFD Trading Fee |
Forex and metals - 1.8-3 USD per lot Indices - 0.05-3.0 USD per lot Energy commoditites - 1 USD per lot |
Floating spread |
Non-Trading Fees
| Fee | Admiral Markets | Plus500 |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Withdrawal Fee |
No |
No |
Inactivity Fee |
10 EUR per month after 24 monthes of inactivity |
$10 per month after 3 months of inactivity |
A conversion fee may be applied as withdrawals and deposits are conducted in USD. Any other currency will have to be converted.
Admiral Markets vs Plus500: Trading Assets
| Asset Name | Admiral Markets | Plus500 |
|---|---|---|
Overall |
3500+ |
1000+ |
Forex |
Yes |
Yes |
Stocks |
Yes |
Yes (CFD) |
Metals |
Yes (CFD) |
Yes (CFD) |
Cryptocurrencies |
Yes (CFD) |
Yes (CFD) |
Energy |
Yes (CFD) |
Yes (CFD) |
Indices |
Yes (CFD) |
Yes (CFD) |
ETFs |
Yes |
Yes (CFD) |
Bonds |
Yes (CFD) |
No |
Mutual funds |
No |
No |
Stock options |
No |
Yes (CFD) |
Futures Trading |
No |
No |
Binary Options |
No |
No |
Admiral Markets or Plus500: Investment Programs
| Asset Name | Admiral Markets | Plus500 |
|---|---|---|
Copy Trading |
Yes |
No |
MAM/PAMM |
No |
No |
Managed Accounts |
No |
No |
Other |
No |
No |
Trading Platforms: Plus500 or Admiral Markets
| Admiral Markets | Plus500 | |
|---|---|---|
MT4 |
Yes |
No |
MT5 |
Yes |
No |
cTrader |
No |
No |
Appropriate platform |
Admirals, StereoTrader |
Plus500 |
Others |
No |
No |
|
|
Admiral Markets vs Plus500: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Admiral Markets | Plus500 |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Debit Card |
Yes |
Yes |
Electronic Wallets |
Yes |
Yes |
Crypto |
No |
No |
Admiral Markets vs Plus500: Research
| Research Type | Admiral Markets | Plus500 |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
Yes |
No |
Admiral Markets vs Plus500: Education
| Education Type | Admiral Markets | Plus500 |
|---|---|---|
Demo-account/Paper Trading |
Yes |
Yes |
Webinars |
Yes |
No |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Cent account |
Yes |
No |
Plus500 vs Admiral Markets: Support
| Support Features | Admiral Markets | Plus500 |
|---|---|---|
Working Days |
24/5 |
24/7 |
Yes |
No |
|
Phone |
Yes |
No |
Online chat |
Yes |
Yes |
Other |
No |
Admiral Markets vs Plus500: Forex Bonuses and Promo
| Promo | Admiral Markets | Plus500 |
|---|---|---|
Forex Bonus |
No |
No |
Affiliate Program |
up to $600 per client |
An affiliate partner earns from $200 to $800 for a referred client who opened a trading account and started trading. The amount of remuneration varies depending on the partner's country of residence |
Other Promos |
||
|
|
Top 5 Reviews on Plus500
-
Comment
I took a risk and opened a trading account with Plus500. I'm trading in the black. I can say that I’m testing the company, checking it. I asked the support to make a report about a trade, whether they would do it or not. But they sent the report quickly, well done! We'll see what happens with withdrawals. I hope they won’t disappoint me here either)
-
Comment
Plus500 is a good broker. My money was withdrawn in 2 days. I don't communicate with the support team much — I have my own strategy and trading goes as it should. There are a lot of services to choose from. The analytics are good. The only disadvantage is that there were a few failures during a couple of months, but they did not affect my trading critically.
-
Comment
I have been working with Plus500 for a long time. If we evaluate it comprehensively, it’s not bad. There are little things that are not 100% satisfying, but overall, compared to other companies, it’s probably ok. I mean the quotes flow and precision of trades. The rest is fine. I get enough profit from regular trading.
-
Comment
I’ve been working with Plus500 for a few months, but my overall Forex experience is almost two years. I learned about Plus500 from a friend who traded there and recommended it to me. I can say that Plus500 is a normal broker with its strengths and weaknesses. Personally, I like that there are no delays in payments, which is very important to me.
-
Comment
Plus500 may experience payment delays. Once I waited a week. There is such a thing, I think all his clients are used to it))) Everything else is fine. Trade honestly passes, on this point there is nothing to complain about.
Top 5 Reviews on Admiral Markets
-
Comment
I was looking for a reliable broker with excellent service and support and found it in Admirals. There were some difficulties when passing verification due to problems with my passport, but the support was attentive and helped solve all the problems. Now I trade with Admirals and receive a stable income, feeling calm and confident.
-
Comment
I don’t recommend trading with admirals. If you don't want to lose all your money, don't open an account here. One reason is that stop loss never works during news. I set a stop loss on most of my positions, but the position was closed at least 20 pips away from the set price. That is, admirals deliberately drains money.
-
Comment
Admirals not only cheats, but simply steals money. My account is blocked, the money is lost. Recovery is not possible. So it’s high time to write my negative review.
-
Comment
I read the reviews below and I'm surprised. Personally, I have not received my withdrawal of the ridiculous amount of $100 from admiral markets since 11/09/2023. They also give me silly answers as best they can.
-
Comment
I am very pleased to work with Admirals. This is an excellent choice for experienced traders. The platform works stably, spreads are very good, a large choice of trading and analytical tools is available, and the user account is easy to use. In addition, there are many ways to deposit and withdraw, which is very convenient. I think that Admirals is at a fairly high level.
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FAQs
What should I start Forex trading with?
It is desirable for novice traders to explore trading using a demo account to learn the market and how to work on the trading platform without the risk of suffering losses. At the same time, it is advisable to review the educational materials of the broker, learn trading basics. Then you can deposit the minimum required amount to perform a small number of transactions. If you manage to close several months in a row in the black, without substantial drawdowns on the account, then you can try increasing your deposit. Also trying to copy trades automatically is a good option for a start.
What amount should I start trading with?
The minimum deposit of $10 may be enough to trade on the cent account. However, for trading on Standard/ECT accounts, experts recommend starting with at least $200-500. With this amount, you can use not a very big leverage. Remember, getting carried away with the margin is the main cause of losses among beginners.
What should I take into consideration when choosing a broker?
Experts recommend looking at the broker’s reliability first and foremost. The other important features include basic trading conditions, commissions and fees, customer reviews. If brokers are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One broker may be good for professionals and another – for novice traders.
Is it possible to be scammed by a broker with a license from a reputable regulator?
In theory, yes. But in practice, it takes so much time and money to comply with the requirements of reputable regulators that it is not worth it for scammers to bother obtaining a legitimate license.
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.