Plus500 vs Totality Wealth
Plus500 and Totality Wealth sit on opposite sides of the investing spectrum. Plus500 is a pure CFD provider — you never own the underlying asset, and it doesn't offer real ASX or US shares at all. Totality Wealth (formerly Saxo Capital Markets) is a full-service broker that gives you real shares, CHESS sponsorship on ASX trades, and access to 17 global markets. The biggest practical difference: one is a leveraged derivatives platform, the other is a proper share broker.
- ›You want to trade CFDs with leverage on indices, commodities, crypto and forex — not buy actual shares
- ›You need a demo account and 24/7 customer support across live chat, email and WhatsApp
- ›You want zero monthly, annual or market data fees, plus free real-time data and structured educational courses
- ›You plan to trade after hours or overnight and don't care about CHESS sponsorship or holding a HIN
- ›You're comfortable with a custodial model where you never own the underlying asset and dividend adjustments are credited automatically
- ›You want to buy and hold real ASX and US shares and ETFs under your own HIN via CHESS sponsorship
- ›You need a multi-currency USD account and low FX spreads (0.0045%) for international trading
- ›You want access to 17 global markets including Hong Kong, Japan, UK and Europe — not just CFDs
- ›You need trust, SMSF, joint and company account structures, plus DRP and Sharesight integration
- ›You prefer a desktop trading platform with app-based 2FA and phone support, even if it's limited to business hours
Where they differ
| Fact | Plus500 | Totality Wealth |
|---|---|---|
| Real shares offered | No — CFDs only | Yes — ASX, US and 17 other markets |
| CHESS sponsorship | Custodian model — no individual HIN | Mixed model — individual HIN available |
| ASX brokerage | Not applicable (no real ASX shares) | $3 min or 0.08% (whichever applies) |
| Inactivity fee | $10 | $0 |
| Account types | Individual and company only | Individual, joint, company, trust and SMSF |
Choose Plus500 for leveraged CFD trading; choose Totality Wealth if you want a real broker with CHESS-sponsored shares and global market access.
Common questions
How do Plus500 and Totality Wealth compare on real shares offered?
Plus500: No — CFDs only. Totality Wealth: Yes — ASX, US and 17 other markets.
How do Plus500 and Totality Wealth compare on chess sponsorship?
Plus500: Custodian model — no individual HIN. Totality Wealth: Mixed model — individual HIN available.
How do Plus500 and Totality Wealth compare on asx brokerage?
Plus500: Not applicable (no real ASX shares). Totality Wealth: $3 min or 0.08% (whichever applies).
When is Plus500 the better choice over Totality Wealth?
Pick Plus500 if you want to trade CFDs with leverage on indices, commodities, crypto and forex — not buy actual shares; you need a demo account and 24/7 customer support across live chat, email and WhatsApp; you want zero monthly, annual or market data fees, plus free real-time data and structured educational courses; or you plan to trade after hours or overnight and don't care about CHESS sponsorship or holding a HIN.
When is Totality Wealth the better choice over Plus500?
Pick Totality Wealth if you want to buy and hold real ASX and US shares and ETFs under your own HIN via CHESS sponsorship; you need a multi-currency USD account and low FX spreads (0.0045%) for international trading; you want access to 17 global markets including Hong Kong, Japan, UK and Europe — not just CFDs; or you need trust, SMSF, joint and company account structures, plus DRP and Sharesight integration.
Plus500 or Totality Wealth — what's the verdict?
Choose Plus500 for leveraged CFD trading; choose Totality Wealth if you want a real broker with CHESS-sponsored shares and global market access.
All data points side-by-side
Every verified fact for both platforms. Differences are highlighted.
| Field | Plus500 | Totality Wealth |
|---|---|---|
| account structure | ||
| CHESS sponsorship model | — | mixed |
| Individual HIN | — | Yes |
| Individual account | Yes | Yes |
| Joint account | No | Yes |
| Company account | Yes | Yes |
| Trust account | No | Yes |
| SMSF account | No | Yes |
| Kids / minor account | No | No |
| asset coverage | ||
| ASX shares supported | No | Yes |
| ASX ETFs supported | No | Yes |
| US shares supported | No | Yes |
| US ETFs supported | No | Yes |
| Other markets supported | US, GB, HK, JP, DE, FR, CA, SG, CH, NL, IT, ES, BE, AT, DK, SE, NO, FI | |
| Fractional shares (ASX) | No | No |
| Fractional shares (US) | No | No |
| Options trading | Yes | Yes |
| CFDs supported | Yes | Yes |
| Managed funds | No | No |
| Bonds supported | No | Yes |
| IPO access | No | No |
| costs hidden | ||
| FX spread (AUD/USD) | 70% | 0.45% |
| FX spread (other currencies) | — | 0.45% |
| Holds USD account | No | Yes |
| FX currency switch trick | — | No |
| Market data fees | $0/month | $0/month |
| Conditional order fees | $0 | $0 |
| Corporate action fees | Not applicable — Plus500 only offers CFDs, so users do not participate in real corporate actions (rights issues, SPPs, takeovers). Dividend adjustments on share CFDs are credited/debited to positions automatically. | Custodian processes corporate actions; proxy voting subscription EUR 30/year + EUR 5 per vote; new instrument requests USD 200 for Platinum / free for VIP legacy tiers; reporting fee USD 50 for Classic email reports. |
| costs visible | ||
| ASX brokerage minimum | — | $3 |
| ASX brokerage percentage | — | 0.08% |
| ASX brokerage threshold | — | $3,750 |
| US brokerage minimum | — | US$1 |
| US brokerage percentage | — | 0.08% |
| Monthly platform fee | $0/month | $0/month |
| Annual platform fee | $0/year | $0/year |
| Inactivity fee | $10 | $0 |
| Withdrawal fee (AUD) | $0 | $0 |
| Off-market transfer fee | — | $50 |
| identity and trust | ||
| Legal entity name | Plus500AU Pty Ltd | Totality Wealth Limited (formerly Saxo Capital Markets (Australia) Pty Ltd) |
| AFSL number | 417,727 | 280,372 |
| Year founded | 2,008 | 2,012 |
| Parent / ownership | Plus500 Ltd (UK/Israel, LSE-listed parent) | DMA (Johannesburg, South Africa) 80.1% / Saxo Bank A/S (Denmark) 19.9% |
| Country of incorporation | AU | AU |
| Public company status | public | private |
| money movement | ||
| Minimum initial deposit | $100 | $0 |
| Minimum subsequent purchase | — | $0 |
| Deposit methods | BPAY, Bank transfer, Credit/debit card, PayPal, Apple Pay, Google Pay | bank_transfer, BPAY, credit_card, debit_card, PayPal, Wise |
| Settlement period | — | T+2 ASX, T+1 US |
| Withdrawal time | Typically 1-3 business days; same payment method as deposit (card, bank, e-wallet). | 1-3 business days |
| platform ux | ||
| iOS app | Yes | Yes |
| Android app | Yes | Yes |
| Desktop platform | No | Yes |
| Demo account | Yes | Yes |
| Free real-time market data | Yes | No |
| Free research reports | Yes | Yes |
| 2FA support | SMS only | app |
| Customer support channels | Live chat, Email, WhatsApp, Contact form | phone, email, live_chat |
| Support hours (AU time) | 24/7 live chat, email and WhatsApp support | Mon-Fri 08:30-17:30 Sydney time |
| Education content | structured courses | extensive |
| tax and reporting | ||
| Australian tax statement | No | No |
| Distribution component breakdown | No | No |
| CGT calculator / report | No | No |
| Sharesight / Navexa integration | No | Yes |
| trading mechanics | ||
| Market orders | Yes | Yes |
| Limit orders | Yes | Yes |
| Stop loss orders | Yes | Yes |
| Conditional orders | Yes | Yes |
| Auto-invest / DCA | No | No |
| Auto-invest sophistication | none | none |
| DRP (dividend reinvestment) | No | Yes |
| After-hours / overnight trading | Yes | No |