Comparison Plus500 vs UFX

A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Plus500 vs UFX. Which of them: Plus500 or UFX a better online broker?

Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of Plus500 on regular transactions of the stock exchange is from 0.45%, and UFX has a commission fee of from 90 pips. For trading in Forex, the commission fee of Plus500 is from 0.6 pips, while the commission fee of UFX is 3 pips. When analyzing commission fees in CFD: Plus500 provides from 0.065%, and UFX provides from 50 pips. For a more complete picture, let’s consider trading in the metal market, where Plus500 and UFX have commission fees of from 0.03% and from 50 pips, respectively. The full online broker reviews contains more detailed information on the brokers’ commission fees.

It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, Options Trading, ETFs Trading, Forex Trading, Futures Trading, Crypto Trading are provided to customers by Plus500 and Stocks Trading, ETFs Trading, Forex Trading, Crypto Trading are provided by UFX. As for platforms, Plus500 offers Web Platform, Android App, iOS App, while UFX offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, Android App, iOS App.

Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. Plus500 was established in 2008 in Israel, and it is regulated by FCA, CySEC, FSCA, FMA, MAS, ISA, ASIC. And UFX was established in 2007 in Republic of Vanuatu, and it is regulated by VFSC. Withdrawal of funds from Plus500 can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of £0. And UFX provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of free. The time for withdrawal in Plus500 is 1-2 working days, and that one in UFX is up to 10 business days.

As a result, the rating of Plus500 is 4 stars versus that of UFX of 3.6 stars.