Plus500 Futures and Tastytrade are leading US futures brokers, but which one should you trust your portfolio with?
We have conducted an in-depth review of Plus500 Futures vs. Tastytrade to determine which is the better overall choice and which traders will benefit most from either broker.
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- Plus500 Futures versus Tastytrade - Verdict
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Headquarters | United States | United States |
Regulators | CFTC | CFTC |
Tier 1 Regulator(s)? | ||
Owned by Public Company? | ||
Year Established | 2022 | 2017 |
Execution Type(s) | Market Maker | Market Maker |
Minimum Deposit | $75 | $0 |
Negative Balance Protection | ||
Trading Platform(s) | Proprietary platform, Web-based | Proprietary platform |
Minimum Standard Spreads | 0.5 pips | Exchange-Driven |
Minimum Commission for Forex | $0.49 (mini) / $0.89 (standard) | $0.75 (mini) / $1.00 (standard) |
Islamic Account | ||
Signals | ||
US Persons Accepted? | ||
Managed Accounts | ||
| Visit Website | Visit Website |
Main advantages of Plus500 Futures:
- Fastest account opening process in the industry
- Unlimited demo mode
- Futures and prediction markets
- A low initial margin requirement (for example, Micro E-mini S&P 500 intraday margin is only $50)
- Free live market data (most brokers charge $10-$25 monthly)
- Parent company is publicly traded on the London Stock Exchange and has over 13 million clients worldwide.
- Access to prediction markets
- A choice of standard, mini, and micro contracts
- A user-friendly web-based trading platform and mobile app ideal for beginner traders
- 24/7 customer support
- Education via the Futures Academy
Main advantages of Tastytrade:
- A cutting-edge desktop trading platform for active traders, including API trading for advanced algorithmic trading solutions
- A web-based alternative for casual traders with charts powered by TradingView, and a mobile app
- Educational courses for beginners
- Up to $3,000 in commission rebates
- No minimum deposit
Features and Platforms
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MT4 | ||
MT5 | ||
MT4/MT5 Add-Ons | ||
cTrader | ||
Proprietary Platform | ||
Automated Trading | ||
Social/Copy Trading | ||
DOM? | ||
Guaranteed Stop Loss | ||
Scalping | ||
Hedging | ||
One-Click Trading | ||
OCO Orders | ||
Interest on Margin | ||
| Visit Website | Visit Website |
Available Markets
| | |
Currency Pairs | ||
Cryptocurrencies | ||
Commodities | ||
Crude Oil | ||
Gold | ||
Metals | ||
Stocks (non-CFDs) | ||
Bonds | ||
ETFs | ||
Options | ||
Futures | ||
Synthetics | ||
| Visit Website | Visit Website |
Why Plus500 Futures is a better choice for most traders:
- The availability of prediction markets, which is a high-growth asset class across the US
- Over 100 CME futures with below-standard CME intra-day margin rates
- Automatic liquidation, similar to negative balance protection
- Offers a demo account with no time limit
- Active guidance to use stop-loss, take-profit, and trailing-stop orders
Typical Spreads and Fees
| | |
Average Trading Cost Bitcoin | N/A | Undisclosed |
Minimum Standard Spreads | 0.5 pips | Exchange-Driven |
Minimum Commission for Forex | $0.49 (mini) / $0.89 (standard) | $0.75 (mini) / $1.00 (standard) |
Deposit Fee | ||
Withdrawal Fee | ||
| Visit Website | Visit Website |
Both brokers offer commission-based trading accounts, but which one is cheaper?
Tastytrade charges an opening commission of $1.00 and a closing commission of $1.00 per futures contract. Futures traders at Plus500 Futures pay a minimum commission of $0.49 per contract, over 50% cheaper than Tastytrade.
Account Types
Account Types | Plus500 Futures | Tastytrade |
Commission-free Accounts | No | No |
Commission-based Accounts | Yes | Yes |
Demo Accounts | Yes | No |
Islamic Accounts | No | No |
Social / Copy Trading | No | Yes |
Managed Accounts | No | No |
The core account structure at Plus500 Futures and Tastytrade is similar, but the former offers unlimited demo accounts, whereas the latter offers none.
Are there any other noteworthy differences in the account structure between Plus500 Futures vs. Tastytrade?
Here is what stands out:
- Plus500 Futures opens most trading accounts in minutes, with 85% passing mandatory KYC without needing to provide any additional documents
- Tastytrade has no minimum deposit requirement
Minimum Deposit
Deposit Snapshot | Plus500 Futures | Tastytrade |
Minimum Deposit | $75 | $0 |
Deposit Fees | Third-party | Third-party |
E-wallets | Yes | No |
Cryptocurrencies | No | Yes |
Localized Methods | Yes | Yes |
Total Deposit Methods | 4 | 5 |
Supported Deposit Currencies | USD | USD |
How easy is it to deposit at Plus500 Futures vs. Tastytrade?
Plus500 Futures and Tastytrade offer bank wires, ACH, and credit/debit cards. Additionally, the former also accepts Google Pay and Apple Pay, while the latter accepts traditional paper cheques and stablecoin deposits. Neither broker levies internal deposit fees, but Plus500 Futures allows clients to trade with deposited funds in transit, while Tastytrade has no minimum deposit.
Minimum Withdrawal
Withdrawal Snapshot | Plus500 Futures | Tastytrade |
Minimum Withdrawal | $50 to $100 (payment processor dependent) | No minimum withdrawal amount |
Internal Withdrawal Fees | $10, but only on withdrawals below the minimum | $25 to $45 (payment processor dependent) |
Internal Processing Times | Instant to three business days | One to ten business days |
Which withdrawal process is better: Plus500 Futures or Tastytrade?
While Tastytrade has no minimum withdrawal amount, it charges $25 for domestic wire transfers. Plus500 Futures has reasonable minimum withdrawal amounts, fee-free withdrawals, and instant withdrawals to Google Pay and Apple Pay, making it the better futures broker in the withdrawal category.
Security and Trust
| | |
Country of the Regulator | United States | United States |
Name of the Regulator | CFTC | CFTC |
Regulatory License Number | NFA ID 0001398 | NFA ID 277027 |
Regulatory Tier | 1 | 1 |
| Visit Website | Visit Website |
Which broker is more secure and trustworthy?
Plus500 Futures and Tastytrade segregate client deposits from corporate funds and have established themselves as trustworthy. Still, Plus500 Futures is a licensed FCM (Futures Commission Merchant), enabling direct, regulated futures trading, has an average rating of 4.2 out of 5.0 from 18,000+ reviews, and is part of a publicly listed group on the London Stock Exchange, putting it ahead of Tastytrade.
Plus500 Futures versus Tastytrade - Verdict
Plus500 Futures
Pros | Cons |
A user-friendly trading platform and mobile app | A minimum deposit between $75 and $100 |
Education for beginners via the Futures Trading Academy | |
Prediction markets with low minimum trading requirements from $0.01 | |
Official global partner of the Chicago Bulls |
Tastytrade
Pros | Cons |
A cutting-edge trading platform, including API trading | High trading fees |
Well-regulated and trustworthy | |
No minimum deposit | |
Up to $3,000 in commission rebates |
Which futures broker is better?
Plus500 Futures and Tastytrade are high-quality futures brokers, and I recommend traders test them in the Plus500 Futures demo account and the Tastytrade demo account.
Our verdict:
Tastytrade is a solid broker for advanced traders seeking a cutting-edge trading platform who do not mind higher contract fees.
Overall, I consider Plus500 Futures the better choice for most trading needs due to its user-friendly web-based trading platform, low contract fees, and educational focus.
Read full Plus500 Futures Review Read full Tastytrade Review Tastytrade is good for algorithmic traders who can overlook the high contract fees. Plus500 is the better choice for most retail traders due to its user-friendly platform and availability of prediction markets. Plus500 Futures commissions are between $0.49 and $0.89, depending on the asset, while prediction markets are as low as $0.01. Tastytrade is not good for beginners due to its advanced trading platform and high trading fees. Plus500 Futures has costs that are over 50% lower than Tastytrade's, a significant advantage. Yes, Plus500 sponsors the Chicago Bulls, while Webull sponsors a specific fan promotion by the Chicago Cubs.FAQs
Which is better, Plus500 Futures or Tastytrade?
How much commission does Plus500 Futures take?
Is Tastytrade good for beginners?
Does Plus500 Futures or Tastytrade have lower costs?
Do Plus500 or Tastytrade sponsor any sports teams?
