Compare forex brokers Plus500 VS 24option

If you're choosing between Plus500 and 24option forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is Plus500 better than 24option? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

PLUS500 VS 24OPTION

24option
24option Overview

24option is an online Forex and CFD broker that operates from Cyprus and Belize. It offers forex, commodities, stocks and indices for trading on its platforms. It is a regulated brand.

Plus500
Plus500 Overview

Plus500 is an LSE listed online CFD brokerage firm that offers multiple trading instruments across commodities, currencies, cryptos, indices and shares on CFD’s, with multiple regulations and competitive charges.

# Broker's Features PLUS500 Availability 24OPTION Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare Plus500 vs 24option.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Plus500 offers Online Financial Trading and Investment Services Such as Shares, Indices, Forex, Cryptocurrencycurrency and Commodities, while 24option offers Currencies, Commodities, Indices, Stocks, Bonds, Cryptocurrency.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. Plus500 is Market Maker, while 24option is Market Maker, STP.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Plus500 is regulated by FCA, CySEC, MAS, IE, ASIC, AFSL, FMA, FSP, while 24option regulated by CySEC, IFSC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Account currencies: Next lets consider the Account currencies each broker offers. Plus500 offers USD different account currencies for each account types, while 24option offers USD, EUR, GBP account currencies.

Languages Available: Next lets have a look at each broker's different Language options. Plus500 offers English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian, Chinese, while 24option offers English Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. Plus500 offers Credit/Debit Cards, Bank Transfer, PayPal, Skrill different payment methods for each account types, while 24option offers Credit/Debit Cards, Moneybookers, Neteller, QIWI, Skrill payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Plus500 makes Proprietary, WebTrader available to clients, while 24option offers MT4.

The Verdict: Plus500 or 24option?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, 24option is more reliable based on our criteria above. 24option has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. Only 24option Offers the MetaTrader Platform. MetaTrader platform is a comprehensive trading platform that is often touted as being the best for forex trading. A popular, versatile and unique tool. 24option offers a wider range of platforms making it easier for the traders to choose one that matches their needs most. 24option offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. As 24option offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

What We Don’t Like on Plus500

Plus500 has limited product portfolio, provides only CFDs. It has high financing rates. Some standard research tools, like recommendations, fundamental data, or news feeds are missing from the Plus 500 platform.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.

Are you Satisfied with what They Offer?