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Scores, winners and data below compare these brokers as CFD brokers: leveraged trading on forex, indices, commodities and crypto. Scores, winners and data below compare these brokers as stock brokers: real shares and ETFs you own outright.

Best overall

Plus500

CFDCFD This broker offers CFD trading: leveraged contracts that follow the price of an asset without owning it. Switch the comparison to CFD to rate it on that. Available in your country Plus500 accepts clients from the country this site is for.
76CFDOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above. not offeredStocksOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above.
Open Account

CFD service. 82% of retail investor accounts lose money

Best overall

Robinhood

StocksStocks This broker lets you buy real assets that you own outright. Switch the comparison to Stocks to rate it on that. Available in your country Robinhood accepts clients from the country this site is for.
not offeredCFDOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above. 77StocksOverall score InvestinGoal score from 0 to 100, calculated from the data in this comparison across 12 areas (regulation, safety, costs, platforms and more). CFD and stock trading are scored separately: the number follows the side selected above.
Open Account

Your money is at risk

Best for

What we compare A comparison of the kinds of traders Plus500 and Robinhood are best suited to, based on what each one actually offers in Nigeria.
1 / 12

Plus500 is better than Robinhood for professional traders, high-volume traders and CFD stock traders. Robinhood, on the other hand, is better for day traders, long-term investors and futures traders. Swing traders and crypto traders can choose either Plus500 or Robinhood.

Best for
Overall score Plus500 76 not offered Robinhood not offered 77
Day trading i
Long-term investing i
Professional traders i
High-volume traders i
Scalpers i
Swing traders i
News traders i
Algo traders i
Stock traders i
Crypto traders i
Futures traders i
Options traders i

Regulation

What we compare A comparison between the financial authorities that supervise Plus500 and the ones that supervise Robinhood.
2 / 12

Plus500 and Robinhood are both regulated by top-tier authorities, Plus500 by CySEC, ASIC (Australia) and the FCA (United Kingdom) and Robinhood by LB Lithuania, the SEC (United States) and the CFTC (United States).

Regulation
Section score Plus500 100 not offered Robinhood not offered 100
Tier-1 regulators
ESMA (European Union) i LB (Lithuania)
FCA (United Kingdom) i
ASIC (Australia) i
CFTC (United States) i
NFA (United States) i
SEC (United States) i
CIRO (Canada) i
MAS (Singapore) i
SFC (Hong Kong) i
JFSA (Japan) i
FINMA (Switzerland) i
Tier-2 regulators
FMA (New Zealand) i
CBR (Russia) i
FSCA (South Africa) i
DFSA (Dubai) i
CSRC (China) i
ISA (Israel) i
LFSA (Malaysia) i
JSC (Jordan) i
CMA (Kenya) i
Tier-3 regulators
FSA (Seychelles) i
MMA (Maldives) i
SCB (Bahamas) i
FSC (Mauritius) i
VFSC (Vanuatu) i
FSC (Belize) i
CIMA (Cayman Islands) i
SV FSA (Saint Vincent and the Grenadines) i
FSRC (St. Kitts & Nevis) i
BMA (Bermuda) i
BVI FSC (British Virgin Islands) i
EDR (External Dispute Resolution) i

Safety

What we compare A comparison of the tools and services that Plus500 and Robinhood have in place to protect your money in Nigeria.
3 / 12

Plus500 and Robinhood both offer segregated client funds and two-factor authentication. Robinhood also offers an investor compensation scheme and additional money insurance.

Safety
Section score Plus500 72 not offered Robinhood not offered 87
Company info
Is it publicly traded i
Is it a bank i
Year founded i 2008 2013
Parent company i Plus500 Ltd. Robinhood Markets, Inc.
CEO i David Zruia Vlad Tenev
Money safety
Segregated client funds i
Two-factor authentication i
Investor compensation scheme i
Additional money insurance i
Partner bank i N/A Sutton Bank
Brand power
Number of customers worldwide i 30,000,000 27,400,000
Annual revenue i USD 768,300,000 USD 3,570,000,000
Monthly website search traffic i

Costs

What we compare A comparison of what it costs to trade with Plus500 and with Robinhood in Nigeria, both on each trade and on holding the account.
4 / 12

There is no like-for-like comparison for CFD costs, as Robinhood is a stockbroker and does not offer CFDs.

Since Robinhood is a stockbroker and Plus500 is a CFD broker, the two cannot be compared for real stock costs.

Costs
Section score Plus500 69 not offered Robinhood not offered 87
Broker fees
Deposit fees i
Withdrawal fees i
Overnight fees i
Inactivity fees i
Currency conversion fees i
Discounts on volume i
Real time market data fee i
Dividend withholding i
Account opening fees i
Account maintenance fee i
Portfolio management fee i
Fees on CFDs
Forex commission per lot i Free
EUR/USD average standard spread i
0.8 pips
EUR/USD average raw spread i
EUR/USD average fixed spread i
EUR/USD total cost per lot i USD 8
S&P 500 fees (CFD) i 0.7 points
Gold fees (CFD) i 0.75 points
Bitcoin fees (CFD) i USD 118.34 USD 0.0004
US stocks fees (CFD) i Free Free
Fees on stocks
Stock fee type i Spread
US stocks fees (real) i Free
ETF fees (real) i
Management costs i
Connection costs i
Fees on futures
Futures fees per contract i USD 0.75
Platform fees i
Fees on options
Options fees per contract i USD 0.5
Event fees i
Fees on savings plans
IRA opening fee i
IRA maintenance fee i
401k opening fee i
401k maintenance fee i

Available markets

What we compare A comparison of the markets and products you can trade with Plus500 and with Robinhood in Nigeria, and of how many instruments each one gives access to.
5 / 12

Plus500 and Robinhood cannot be compared for CFD markets, because Plus500 is a CFD broker while Robinhood is a stockbroker.

Robinhood and Plus500 cannot be set side by side for real stock markets, as Plus500 is a CFD broker and does not offer real stocks, unlike Robinhood.

Available markets
Section score Plus500 75 not offered Robinhood not offered 100
Total tradable symbols i 2,800 10,818
Currency pairs i
Indices i
Commodities i
Stocks i
ETF i
Cryptocurrencies i
Bonds i
Interest rates i
Portfolios i
CFDs i Commodities, Crypto, Forex, Indices, Stocks
Futures i Commodities, Crypto, Indices
Options i Indices
Assets you can own i Crypto, ETF, Stocks

Platform

What we compare A comparison of the trading platforms that Plus500 and Robinhood make available to their clients in Nigeria.
6 / 12

There is no like-for-like comparison for platforms, as Robinhood is a stockbroker and does not offer CFDs.

There is no like-for-like comparison for platforms, as Plus500 is a CFD broker and does not offer real stocks.

Platform
Section score Plus500 72 not offered Robinhood not offered 68
Proprietary platform i
MetaTrader 4 i
MetaTrader 5 i
cTrader i
Social trading platform i
Copy trading platform i
ZuluTrade i
TradingView i
Duplitrade i
Mirror Trader i
NinjaTrader i
AutoChartist i
Real time pricing i
5 digit pricing i
One-click trading i

Mobile

What we compare A comparison of the mobile apps of Plus500 and Robinhood in Nigeria, and of what each one lets you do from your phone.
7 / 12

There is no like-for-like comparison for mobile trading, as Robinhood is a stockbroker and does not offer CFDs.

There is no like-for-like comparison for mobile trading, as Plus500 is a CFD broker and does not offer real stocks.

Mobile
Section score Plus500 80 not offered Robinhood not offered 74
Proprietary app i
Social trading app i
Copy trading app i
MetaTrader 4 app i
MetaTrader 5 app i
cTrader app i
Mobile trading signals i
Mobile alerts i
Mobile charting tools i
Mobile drawing tools i
Mobile watchlist i
Smartwatch app i

Trading features

What we compare A comparison of the trading tools and strategies that Plus500 and Robinhood allow on their platforms in Nigeria.
8 / 12

Only Plus500 can be assessed for CFD trading features, since Robinhood is a stockbroker and does not offer CFDs.

Plus500 does not offer real stocks, being a CFD broker, so Robinhood and Plus500 cannot be compared for real stock trading features.

Trading features
Section score Plus500 72 not offered Robinhood not offered 53
Trade execution
Broker type i Agency NDD
Average execution time i
Slippage occurrence i
Requotes occurrence i
Tier-1 liquidity providers i
PFOF i
Leverage
Major FX pairs leverage i 300:1
Minor/Exotic FX pairs leverage i 300:1 0:1
Major indices leverage i 150:1 0:1
Minor indices leverage i 150:1 0:1
Gold leverage i 250:1
Commodities leverage i 150:1
Equities leverage i 20:1 2:1
Cryptocurrency leverage i 5:1
Risk management
Stop losses i
Take profits i
Limit orders i
Trailing stop i
Margin call i
OCO orders i
Guaranteed stop loss i
Negative balance protection i
Minimum trade size (FX) i 0.01 lots
Minimum trade size (stocks) i USD 0 USD 1
Fractional stocks i
Trading compliance
Scalping strategies allowed i
Hedging strategies allowed i
Automated trading strategy allowed i
EAs use allowed i
HFT strategy allowed i
VPS use allowed i
API use allowed i
Price scraping allowed i
FIFO rule applies i

Account types

What we compare A comparison of the kinds of account you can open at Plus500 and at Robinhood in Nigeria, and of who each one is meant for.
9 / 12

Plus500 and Robinhood cannot be set side by side for CFD account types, as Robinhood is a stockbroker and does not offer CFDs, unlike Plus500.

Since Robinhood is a stockbroker and Plus500 is a CFD broker, the two cannot be compared for real stock account types.

Account types
Section score Plus500 51 not offered Robinhood not offered 44
Demo account i
Unlimited demo account i
Standard account i
Micro account i
Cent account i
Nano account i
Raw spread account i
ECN account i
Swap-free account i
Islamic account i
Professional traders account i
Fixed spread account i
Spread betting account i
Copy trading account i
Corporate account i
Managed account i
Stock investing account i
Margin investing account i
Savings account i
Retirement account i

Account opening

What we compare A comparison of what it takes to open and fund an account with Plus500 and with Robinhood in Nigeria.
10 / 12

Plus500 and Robinhood cannot be compared for account opening, because Plus500 is a CFD broker while Robinhood is a stockbroker.

There is no like-for-like comparison for account opening, as Plus500 is a CFD broker and does not offer real stocks.

Account opening
Section score Plus500 72 not offered Robinhood not offered 65
Minimum deposit i USD 100 USD 0
Minimum withdrawal i USD 0 USD 0
Wire transfers i
Credit cards i
Debit cards i
eWallets i PayPal, Skrill
Local payment methods i
Account base currencies i AUD, EUR, USD USD
Deposit waiting time i up to 1 business days up to 2 business days
Withdrawal waiting time i up to 1 business days up to 2 business days
Bonus program i

Customer care

What we compare A comparison of the customer support of Plus500 and Robinhood in Nigeria, in how it can be reached and how fast it answers.
11 / 12

Only Plus500 can be assessed for customer care, since Robinhood is a stockbroker and does not offer CFDs.

Plus500 does not offer real stocks, being a CFD broker, so Robinhood and Plus500 cannot be compared for customer care.

Customer care
Section score Plus500 58 not offered Robinhood not offered 42
Number of languages supported i 29 1
Website languages i Arabic, Bulgarian, Czech, Danish, German, English, Estonian, Finnish, French, Hebrew, Croatian, Hungarian, Icelandic, Latvian, Lithuanian, Maltese, Malay, Dutch, Norwegian, Polish, Portuguese, Romanian, Russian, Slovak, Slovenian, Spanish, Swedish, Turkish, Chinese English
Website available in English i
Customer support languages i Arabic, Bulgarian, Czech, Danish, German, English, Estonian, Finnish, French, Hebrew, Croatian, Hungarian, Icelandic, Latvian, Lithuanian, Maltese, Malay, Dutch, Norwegian, Polish, Portuguese, Romanian, Russian, Slovak, Slovenian, Spanish, Swedish, Turkish, Chinese English
Customer support in English i
Call back request i
Email support i
Phone support i
Live chat i
Priority customer support i
Dedicated account manager i
Cash sweep i
Stock lending i
Distributes proceeds i
Tax withholding agent i
Tax assistance i

Learning

What we compare A comparison of the educational material that Plus500 and Robinhood provide to their clients in Nigeria.
12 / 12

Robinhood does not offer CFDs, being a stockbroker, so Plus500 and Robinhood cannot be compared for learning.

Robinhood and Plus500 cannot be set side by side for learning, as Plus500 is a CFD broker and does not offer real stocks, unlike Robinhood.

Learning
Section score Plus500 75 not offered Robinhood not offered 70
Education
Education center i
Education for beginners i
Education for advanced traders i
Webinars i
Tutorials i
Glossary i
Research
Economic calendar i
Traders' sentiment i
Daily market commentary i
Daily trading ideas i
News via social media i
Professional reports i
Watchlist i
Plus500
Open Account CFD service. 82% of retail investor accounts lose money
Robinhood
Open Account Your money is at risk
Our verdict

Plus500 vs Robinhood: which one should you choose?

Plus500

CFD Choose Plus500, regulated by the FCA and ASIC, if you want a CFD and forex broker with a guaranteed stop loss and a demo account.

Open Account CFD service. 82% of retail investor accounts lose money
Robinhood
Open Account Your money is at risk

Other popular comparisons

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