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Plus500 vs CommSec
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Compare Plus500 vs CommSec Side by Side
Can’t pick between Plus500 and CommSec and have doubts of which broker is actually better? Use our detailed comparison guide of Plus500 Review and CommSec Review, which includes comparison of the safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.
Summary
Feature | Plus500 | CommSec |
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Website | //www.plus500.com | //www.commsec.com.au |
Founded year | 2008 | 1995 |
Headquarter | Israel | Australia |
Licenses | UK, Cyprus, Australia, South Africa, Seychelles, Singapore, New Zealand, Israel, Estonia, UAE | Australia |
Minimum Deposit | 100 US$ | US$500 |
Trading Platforms | Plus500 Platform | CommSec, CommSecIRESS |
Eurusd avg Spread | 0.6 pips | Commission charge |
Licenses
Feature | Plus500 | CommSec |
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Licenses Countries Info (short) |
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Both Plus500 vs CommSec brokers have decades of experience in the market, are respected and reputable. However, CommSec holds only Australian license, compared to multiple top-tier licenses of eToro, that can definitely should be considered an advantage.
Broker Types
Feature | Plus500 | CommSec |
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Broker types |
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Being Market Makers both Plus500 vs CommSec offer unique fixed spreads and provide a great opportunity for beginning traders and some strategies. Also, in comparison to the STP brokers, Market Makers have less volatile quote allocation with a smoother offering.
Trading Conditions
Feature | Plus500 | CommSec |
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Trading Conditions |
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Trading conditions offered by CommSec are in a slight advantage, as compared to Plus500 they do not restrict such strategies as hedging and scalping, also, CommSec is suitable for beginners, while Plus500 has much less trading possibilities to offer.
Fees & Commissions
Fees & Commissions | IG | CommSec |
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Inactivity Feemonth | $10 | 25 $ |
Deposit fee | 0$ | 0 $ |
Withdrawal fee | 0$ | 0 $ |
Rollover fee eurusd buy 1 lot | -0.0128% | Commission charge |
Rollover fee eurusd sell 1 lot | 0.003% | Commission charge |
Avg Eurusd standard acc | 0.6 pips | Commission charge |
Gold | 29 | 0.40% |
Brent oil | 2 pips | 0.49% |
Bitcoin | 0.35% | ❌ |
Both Plus500 vs CommSec Brokers offer relatively low trading fees, but there are brokers’ pricing models to consider. CommSec trading fees are actually based on a commission basis, that are depending on the instrument you trade, as well as getting lower as long as your trading size increases.
Account Types
Feature | Plus500 | CommSec |
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Account types |
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Plus500 is based on a single account offering with spread basis and access to all instrument range. At the same time, CommSec offers a pretty unique way of investments, while there is not typical account opening but a tailored solution to trader’s investment.
Markets & Instruments
Markets & Instruments | Plus500 | CommSec |
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Forex | 71 | ❌ |
Indices | 29 | ❌ |
Commodities | 22 | ❌ |
Cryptocurrencies | 14 | ❌ |
Shares | 2000+ | 2000+ |
Bonds | ❌ | ❌ |
Options | ✔️ | ✔️ |
Binary options | ❌ | ❌ |
Spread betting | ❌ | ❌ |
Treasuries | ❌ | ❌ |
Futures | ❌ | ❌ |
Etfs | 95 | ✔️ |
Maybe it looks like the CommSec portfolio is particularly limited compared to Plus500 offer. However, apart from numerous trading instruments including Shares, Options, Cash, Fixed Income Securities, Equities, ETFs and International Funds, CommSec also allows enhancing your portfolio by unique offerings.
Trading Platforms
Feature | Plus500 | CommSec |
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Platforms |
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Both Brokers offer only own proprietary Trading Platforms. CommSec mainstays on its own powerful trading software with the same name, which is aggregated by the front-end technology and powerful feature, all packed with the utmost level of security. Meanwhile, Plus500 platform is good for CFD trading, however, it is missing comprehensive analysis and research tools built into the platform.
Deposit & Withdrawal Methods
Feature | Plus500 | CommSec |
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Payment methods |
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Plus500 vs CommSec deposit methods are quite similar, with the only difference of the bigger amount of e-wallet options offered by Plus500.
Others
Feature | Plus500 | CommSec |
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Others |
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The level of customer support for both Plus500 vs CommSec stays at a high level and satisfies all the traders needs when it comes to live chats, phones, emails, etc. CommSec is winning in education and research tools making them suitable for beginners, unlike Plus500 who does not provide proper education.
Conclusion on CommSec vs Plus500
Concluding Plus500 vs CommSec comparison we found both brokers reliable and trustable with solid regulation and background. Both brokers provide only a proprietary platform, a large number of trading instruments, good costs and quality trading conditions. However, the focus of trading brokers are different where each became truly excellent in the offering, besides Plus500 isn’t suitable for beginners due to lack of education. Here is our final recommendation:
- Plus500 – 🥇 Best for CFD trading good for experienced traders looking for excellent CFD instrument range and easy to use platform.
- CommSec – 🥇Best Commission Trading Broker for offering better conditions and low brokerage rates.