Plus500 is one of the biggest CFD and forex brokers; the broker has recently introduced an Invest platform where clients can trade real stocks. Even though Plus500 offers a rich portfolio of assets and user-friendly trading platforms, investor needs vary greatly and consequently there are plenty of great forex and CFD brokers that can be considered alternatives to Plus500. In this article, we collected a handful of brokerages we deem good alternatives to Plus500.
Each online trading platform listed below allows clients to trade complex instruments while using leverage. Retail investor accounts are liable to losing money rapidly when trading with leverage, so be sure to do your homework and get to know the service providers thoroughly.
77% of retail CFD accounts lose money
How to pick an alternative for Plus500?
We see two ways for doing this:
Based on objective factors such as products offered, client profile, fee structure, backed up by BrokerChooser’s methodology.
The other, more individual - and some might say more subjective - selection is based on a mix of factors rooted in the specific needs of a given investor.
Plus500 alternatives based on objective factors
Top 2 alternatives & competitors for Plus500
It has never been easier for retail investors to access the forex market. While there are some exceptionally good online forex and CFD trading services out there, some derivatives trading services are not recommended. We identified the top 2 alternatives to Plus500 that have a similar service, product and fee portfolio.
Here are our picks for the Top 2 Plus500 alternatives.
ActivTrades is a global forex broker founded in 2001. It is regulated by the UK's Financial Conduct Authority (FCA) and the Commission de Surveillance du Secteur Financier (CSSF) of Luxembourg.
The broker is recommended for forex and CFD traders looking for low fees and great deposit/withdrawal conditions.
The broker offers low trading fees, an excellent account opening process, and free deposit + withdrawal
On the other hand, the product portfolio is slim, research tools are basic and there’s an inactivity fee
Spreadex is a global CFD and forex broker founded in 1999. It is regulated by the top-tier UK Financial Conduct Authority (FCA). The company also operates a separate sports betting service.
The broker is recommended for spread, CFD and forex traders looking for low fees and great deposit/withdrawal options.
Spreadex offers low forex fees, a good web platform, and helpful customer service.
However, the product selection is thin, and there is no desktop platform available.
Analysis of top 5 Plus500 alternatives
And now, let’s see all the alternatives to Plus500 we collected based on the BrokerChooser methodology and a short summary of each broker.
|Broker intro||Global CFD broker||Global CFD and forex broker||Global CFD and forex broker||Global CFD and forex broker||Global CFD and forex broker|
|Recommended for||Experienced traders looking for an easy-to-use platform and a great user experience||Forex and CFD traders looking for low fees and great deposit/withdrawal conditions||Spread, Forex and CFD traders looking for low fees and great deposit/withdrawal options||Forex and CFD traders looking for a broker with great account opening and familiar with MetaTrader platform||Forex and CFD traders looking for low forex fees and great research tools|
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Plus500 is listed on the London Stock Exchange and is regulated by more than one top-tier financial authority.
We really liked Plus500’s easy-to-use platform and its quick and helpful customer support. The account opening was seamless.
Plus500 could improve on its mediocre research tools and average fees. While the broker focuses on CFDs (including stock CFDs and CFD indices), it recently launched real stock trading as well on its Invest platform.
|Summary||Plus500 is a global CFD broker, listed on the London Stock Exchange's Main Market and regulated by many authorities including the UK FCA and CySEC of Cyprus.|
|Fees score||2.9 stars|
|Recommended for||Experienced traders looking for an easy-to-use platform and a great user experience|
ActivTrades is regulated by several financial authorities including the top-tier FCA in the UK.
As a plus, ActivTrades has low trading fees with free deposits and withdrawals. The account opening itself is also excellent.
On the other hand, research and trading tools are basic, and there is an inactivity fee. ActiveTrades focuses mainly on CFDs, thus the product portfolio feels slim and popular assets such as ETFs are not available.
|Summary||ActivTrades is a UK CFD and forex broker. It is regulated by the FCA and is available globally for clients.|
|Fees score||4.5 stars|
|Recommended for||Forex and CFD traders looking for low fees and great deposit/withdrawal conditions|
Spreadex is regulated by the top-tier FCA in the UK, which guarantees strong investor protection.
Spreadex has low forex and non-trading fees. It offers a user-friendly web trading platform featuring the most commonly used order functions. Customer support is fast and helpful via all available channels.
On the flip side, Spreadex's product portfolio is limited only to forex and CFDs, lacking popular asset classes such as real stocks. There is no desktop trading platform, the number of available research tools is unimpressive and the education section is very poor.
|Summary||Spreadex is a UK CFD and Forex broker. It is regulated by FCA and is available globally for clients.|
|Fees score||4.3 stars|
|Recommended for||Spread, Forex and CFD traders looking for low fees and great deposit/withdrawal options|
FxPro is regulated by three financial authorities globally, including the top-tier FCA in the UK.
FxPro's account opening process is fast, fully online, and user-friendly. The broker has a high-quality customer service that provides fast and relevant answers and can be contacted in many languages. Clients can use a lot of options for deposit or withdrawals, which are all free of charge.
On the negative side, FxPro's product portfolio is limited to forex and CFD. Non-trading fees are average and the inactivity fee kicks in after 12 months of no trading.
|Summary||FxPro is an international CFD and forex broker, regulated by the UK FCA, CySEC of Cyprus and the SCB at the Bahamas. It is also licensed by South Africa's FSCA.|
|Fees score||4.0 stars|
|Recommended for||Forex and CFD traders looking for a broker with great account opening and familiar with MetaTrader platform|
City Index is primarily a CFD broker but they also provide forex and crypto trading. It is regulated by top-tier authorities such as the UK's FCA. Its parent company, StoneX Group Inc. is listed on the NASDAQ Stock Exchange.
City Index has low forex and non-trading fees. Account opening is fast and smooth and a wide range of high-quality research tools are available.
At the same time, trading fees for stock CFDs are high and the desktop trading platform is not user-friendly.
|Summary||City Index is a global CFD broker, regulated by many financial authorities including the top-tier UK FCA. Its parent company, StoneX Group Inc. is listed on the NASDAQ Stock Exchange.|
|Fees score||3.7 stars|
|Recommended for||Forex and CFD traders looking for low forex fees and great research tools|
Plus500 alternatives based on more individual factors
Top 2 alternatives & competitors to Plus500
The fact that Plus500 has recently introduced an Invest platform offering real stocks to invest in makes them comparable to brokers that specialize in stocks and ETFs.
We selected a number of brokers that we consider to be good alternatives to Plus500. Click on the links below to see a direct comparison with Plus500.
In addition, you may want to consider the following providers as well. Based on our user’s interests and feedback, these brokers have a similar profile to Plus500, however, they lagged behind the top 5 in our evaluation.
77% of retail CFD accounts lose money