The best alternatives to Plus500 are
- eToro - Global social trading broker
- XTB - Global CFD and forex broker
- City Index - Global CFD and forex broker
- MarketsX - Global CFD and forex broker
Let's see in a bit more detail how the Plus500 alternatives compare to Plus500 and each other:
| Plus500 | eToro | XTB | City Index | MarketsX | |
|---|---|---|---|---|---|
| Overall score | 4.4 | 4.6 | 4.6 | 4.6 | 3.9 |
| Fees score | 3.6 | 4.2 | 4.0 | 4.1 | 2.0 |
| Account opening score | 5.0 | 5.0 | 5.0 | 5.0 | 5.0 |
| Deposit and withdrawal score | 5.0 | 3.7 | 4.5 | 4.0 | 4.5 |
| Web platform score | 4.4 | 4.4 | 4.4 | 4.3 | 3.3 |
| Markets and products score | 1.9 | 3.8 | 2.8 | 2.1 | 1.8 |
|
Visit broker
80.5% of retail CFD accounts lose money |
Visit broker
75% of retail CFD accounts lose money |
Visit broker
80% of retail CFD accounts lose money |
Visit broker
71% of retail CFD accounts lose money |
Visit broker
81.3% of retail CFD accounts lose money |
Why are these brokers considered good alternatives to Plus500? There are many areas based on which Plus500 can be compared with others. When we say a given online broker is a good alternative to Plus500 we mean these brokers are comparable in the following areas:
- The products they offer, meaning you can buy mostly the same things, i.e. stocks, CFDs, options, etc.
- The type of clients they target, i.e. beginners, experienced investors, or day traders.
Plus500 alternatives recommendations
Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:
- Plus500 is recommended for experienced traders looking for an easy-to-use platform and a great user experience
- eToro is recommended for traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading
- XTB is recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service
- City Index is recommended for forex and cfd traders looking for low forex fees and great research tools
- MarketsX is recommended for traders looking to venture into cfd trading
Important factors of finding Plus500 alternatives
So far BrokerChooser has reviewed 62 online brokers in detail, which gives this comparison a solid starting point.
Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we
- open a live account
- check over 100 criteria, with weighting based on readers' preferences
- refresh data regularly
Whether Plus500 or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:
Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. Plus500 is one of the cheaper brokers, so if this is an important consideration for you, make sure you pick a similarly low-cost Plus500 alternative.
Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At Plus500 this is not a problem as you can have it ready on the same day you registered.
Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at Plus500, this might not be the case at its alternatives.
Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.
Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given Plus500 alternative is a must.
Now let's dive into the details of how Plus500 and its alternatives perform in the most important areas!
Plus500 alternatives
Plus500
Plus500 is a London Stock Exchange-listed Global CFD and forex broker that was founded in 2008 in Israel. It is regulated by several international financial authorities, including top-tier ones like the UK's Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).
Plus500 is considered safe because it is listed on a stock exchange, discloses its financials and is regulated by several top-tier financial authorities.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80.5% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Disclaimer for daytraders: At Plus500, scalping is defined as "A trading strategy where a significant portion of the customer's positions are opened and closed by him/her within 2 minutes." If Plus500 believes you were following this strategy, your account might be blocked and closed. Therefore, if you plan to execute trades within 2 minutes, Plus500 is not your broker.
Recommended for experienced traders looking for an easy-to-use platform and a great user experience
| Pros | Cons |
|---|---|
| • Easy-to-use platform | • Limited product portfolio, only CFDs & forex |
| • Low trading fees | • Minimal research tools |
| • Listed on the London Stock Exchange | • Mid-range educational section |
Fees
Plus500 has low trading fees and average non-trading fees. Even if they have an inactivity fee, it is applied only if you are not logging in at all.
| Pros | Cons |
|---|---|
| • Low trading fees | • Inactivity fee |
| • No withdrawal fee |
| Plus500 | eToro | XTB | City Index | MarketsX | |
|---|---|---|---|---|---|
| S&P 500 index CFD fee | $2.1 | $2.4 | $2.0 | $2.1 | $2.6 |
| Europe 50 index CFD fee | $1.3 | $2.7 | $2.2 | $1.6 | $2.5 |
| EURUSD benchmark fee | $17.9 | $19.6 | $15.0 | $12.8 | $24.5 |
| GBPUSD benchmark fee | $14.0 | $16.2 | $11.1 | $9.4 | $25.0 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stock and $20k for FX
Account opening
Plus500 account opening is seamless, fast and fully digital. You can open your trading account within a day.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| Plus500 | eToro | XTB | City Index | MarketsX | |
|---|---|---|---|---|---|
| Minimum deposit | $100 | $200 | $250 | $0 | $250 |
| Time to open account | 1 day | 1 day | 1 day | 1 day | 1 day |
Learn more about Plus500 minimum deposit here.
Deposit and withdrawal
Plus500's deposit and withdrawal services are both great. You have many options, the process is simple and usually free of charge.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | None |
| • No deposit fee | |
| • Five withdrawals per month free |
| Plus500 | eToro | XTB | City Index | MarketsX | |
|---|---|---|---|---|---|
| Bank Transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/Debit card | Yes | Yes | No | Yes | Yes |
| Electronic wallets | Yes | Yes | No | Yes | Yes |
| Withdrawal fee | $0 | $5 | $0 | $0 | $0 |
Web trading platform
The Plus500 trading platform is very easy to use and also looks great. On the negative side, it cannot be customized.
| Pros | Cons |
|---|---|
| • User-friendly | • Limited customizability (for charts, workspace) |
| • Clear fee report | |
| • Two-step (safer) login |
| Plus500 | eToro | XTB | City Index | MarketsX | |
|---|---|---|---|---|---|
| Web platform score | 4.4 | 4.4 | 4.4 | 4.3 | 3.3 |
| Mobile platform score | 4.9 | 4.9 | 4.3 | 4.3 | 3.8 |
| Desktop platform score | - | - | 4.4 | 3.0 | - |
Learn more about Plus500's web trading platform in the detailed Plus500 review.
Markets and products
At Plus500 you can trade only with CFDs and forex. There is a wide selection of CFDs and currency pairs to trade with.
| Plus500 | eToro | XTB | City Index | MarketsX | |
|---|---|---|---|---|---|
| Stock | No | Yes | Yes | No | No |
| ETF | No | Yes | Yes | No | No |
| Forex | No | Yes | Yes | Yes | Yes |
| Fund | No | No | No | No | No |
| Bond | No | No | No | No | No |
| Options | No | No | No | No | No |
| Futures | No | No | No | No | No |
| CFD | Yes | Yes | Yes | Yes | Yes |
| Crypto | No | Yes | Yes | Yes | Yes |
Verdict
Plus500 is a good CFD and forex broker. It is recommended for traders who are aware of the risks of CFD trading. The broker is regulated by several financial authorities globally, including the UK's FCA, and is listed on the London Stock Exchange. If you are not from the UK, you will most likely be served by Plus500 Cyprus, thus the Cypriot investor protection will apply.
Attention Daytraders! At Plus500 scalping is defined as "a trading strategy where a significant portion of the customer's positions are opened and closed by him/her within 2 minutes." If Plus500 believes you are scalping, your account may be blocked and closed. Therefore, if you plan to execute many trades within 2 minutes, Plus500 is not your broker.
The Plus500 platform is easy to use, with a great user experience, which even first-time users can navigate with ease. Spreads are competitive, but financing rates are quite high. Some more advanced research tools would be useful.
As there is no minimum balance required, no withdrawal fee above $100, and the inactivity fee only kicks in after three months, feel free to give Plus500 a try.
| Plus500 | |
|---|---|
| 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 | 3.6 |
| Recommended for | Experienced traders looking for an easy-to-use platform and a great user experience |
Plus500 alternatives
eToro
eToro is a well-known Israeli fintech startup, a social trading broker established in 2007.
eToro serves UK clients through an entity regulated by the Financial Conduct Authority (FCA), Australians through an Australian Securities and Investment Commission (ASIC) regulated entity. All other customers are served by a Cypriot entity that is regulated by the Cyprus Securities and Exchange Commission (CySEC).
eToro is not listed on any stock exchange, does not disclose its annual report on its site and does not have a bank parent.
eToro is considered safe because its UK and Australian arms are regulated by top-tier financial authorities and it is a well-known fintech startup.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading
| Pros | Cons |
|---|---|
| • Free stock and ETF trading | • High forex fees |
| • Seamless account opening | • Withdrawing money can be slow |
| • Social trading experience | • Only one account base currency |
Fees
eToro offers free stock trading. On the negative side, forex trading fees are high and there is a fee charged for inactivity or withdrawal.
| Pros | Cons |
|---|---|
| • Low trading fees | • High forex fees |
| • Free stock trading | • Withdrawal fee |
| • Low CFD fees |
| eToro | Plus500 | |
|---|---|---|
| Apple benchmark fee | $6.3 | $8.9 |
| Vodafone benchmark fee | - | $7.6 |
| EURUSD benchmark fee | $19.6 | $17.9 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
Account opening at eToro is seamless and very fast.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| eToro | Plus500 | |
|---|---|---|
| Minimum deposit | $200 | $100 |
| Time to open account | 1 day | 1 day |
If you are interested more in eToro minimum deposit, this overview will help you.
Deposit and withdrawal
Depositing money is free and easy, with a lot of available options, including credit cards. However, there is a withdrawal fee and only USD accounts are available.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Only one account base currency |
| • No deposit fee | • $5 withdrawal fee |
| • User-friendly | • Conversion fee for non-USD deposits |
| eToro | Plus500 | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $5 | $0 |
Web trading platform
eToro offers a user-friendly and well-designed web trading platform. In addition, social trading is also available. On the other hand, the customizability is limited.
| Pros | Cons |
|---|---|
| • User-friendly | • Limited customizability (for charts, workspace) |
| • Clear fee report | |
| • Two-step (safer) login |
| eToro | Plus500 | |
|---|---|---|
| Web platform score | 4.4 | 4.4 |
| Mobile platform score | 4.9 | 4.9 |
| Desktop platform score | - | - |
Learn more about eToro's web trading platform in the detailed eToro review.
Markets and products
At eToro you can trade with CFDs and forex, as well as real stocks, ETFs and many cryptocurrencies. In addition, the broker also offers innovative services like social trading and CopyPortfolio.
| eToro | Plus500 | |
|---|---|---|
| Stock | Yes | No |
| ETF | Yes | No |
| Forex | Yes | No |
| Fund | No | No |
| Bond | No | No |
| Options | No | No |
| Futures | No | No |
| CFD | Yes | Yes |
| Crypto | Yes | No |
Verdict
eToro has zero-commission stock trading. Account opening is swift and seamless. It also has a lot of innovative features, like social trading and copying other (successful) traders.
It has some drawbacks, though. Forex fees are high and eToro only allows USD accounts, which means that conversion costs on deposits and withdrawals can be high in some cases. Live chat is hard to reach and their educational materials could be better.
Overall, we would recommend eToro for its social trading feature and zero-commission stock trading.
Risk disclaimer
eToro is a multi-asset platform that offers both investing in stocks and crypto assets, as well as trading CFD assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Cryptoassets are volatile instruments that can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading crypto assets is unregulated and therefore is not supervised by any EU regulatory framework.
Past performance is not an indication of future results.
| eToro | |
|---|---|
| Summary | eToro is a global social trading broker. It is regulated by top-tier authorities such as the UK FCA or Australia's ASIC. |
| Fees score | 4.2 |
| Recommended for | Traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading |
Want to stay in the loop?
Sign up to get notifications about new BrokerChooser articles right into your mailbox.
Plus500 alternatives
XTB
XTB is a global CFD and forex broker with headquarters in London and Warsaw. The company is regulated by several financial authorities worldwide, including the UK's Financial Conduct Authority (FCA) and the Polish Financial Supervision Authority (KNF). XTB is listed on the Warsaw Stock Exchange.
XTB is considered safe because it is regulated by at least one top-tier financial authority, the FCA, and is listed on a stock exchange.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service
| Pros | Cons |
|---|---|
| • Low forex and stock index CFD fees | • High fee for stock CFD |
| • Free and fast deposit and withdrawal | • Limited product portfolio, mostly CFD and FX |
| • Easy and fast account opening | • Poor email support |
Fees
XTB has low trading fees and low non-trading fees. Within trading fees, there are low fees for forex and stock index CFDs. On the other hand, stock CFD fees are high.
| Pros | Cons |
|---|---|
| • Low trading fees | • High stock CFD fees |
| • Low non-trading fees | |
| • No withdrawal fee |
| XTB | Plus500 | |
|---|---|---|
| Apple benchmark fee | $17.9 | $8.9 |
| Vodafone benchmark fee | $20.9 | $7.6 |
| EURUSD benchmark fee | $15.0 | $17.9 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
XTB's account opening process is hassle-free, fully digital and straightforward. Your account will be ready for trading on the same day.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| XTB | Plus500 | |
|---|---|---|
| Minimum deposit | $250 | $100 |
| Time to open account | 1 day | 1 day |
If you are interested more in XTB minimum deposit, this overview will help you.
Deposit and withdrawal
XTB deposits and withdrawals are cost-friendly, fast, and can be done in several forms.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | None |
| • Free withdrawal | |
| • No deposit fee |
| XTB | Plus500 | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | No | Yes |
| Electronic wallets | No | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, a two-step login is not available.
| Pros | Cons |
|---|---|
| • User-friendly | • No two-step (safer) login |
| • Clear fee report | |
| • Good search function |
| XTB | Plus500 | |
|---|---|---|
| Web platform score | 4.4 | 4.4 |
| Mobile platform score | 4.3 | 4.9 |
| Desktop platform score | 4.4 | - |
Learn more about XTB's web trading platform in the detailed XTB review.
Markets and products
XTB's product selection covers only CFDs, forex and crypto assets. Some European clients can also trade with real stocks and ETFs. Popular asset classes like bonds, mutual funds, options and futures are not available.
| XTB | Plus500 | |
|---|---|---|
| Stock | Yes | No |
| ETF | Yes | No |
| Forex | Yes | No |
| Fund | No | No |
| Bond | No | No |
| Options | No | No |
| Futures | No | No |
| CFD | Yes | Yes |
| Crypto | Yes | No |
Verdict
XTB is a great CFD and forex broker. It is regulated by several financial authorities globally, including the UK's FCA, and it is listed on the Warsaw Stock Exchange.
On the plus side, its forex and stock index CFD fees are low and the deposit and withdrawal process is free and fast. We also liked the seamless and hassle-free account opening process.
XTB has some drawbacks, though. The stock CFD fees are high. The product range is mainly limited to FX and CFDs, although real stock and ETF trading are available in some European countries. Lastly, its email support did not reply to our queries.
We recommend XTB for clients who prefer forex or CFD trading, and also want to enjoy great deposit and withdrawal options and a fast account opening. Feel free to test it using a demo account.
| XTB | |
|---|---|
| Summary | XTB is a global CFD and forex broker, listed on the Warsaw Stock Exchange and regulated by financial authorities including the UK FCA and Poland's KNF. |
| Fees score | 4.0 |
| Recommended for | Forex and CFD traders looking for low fees and great deposit/withdrawal service |
Plus500 alternatives
City Index
City Index was founded in 1983 and it is a global CFD and FX broker. City Index is the brand name of GAIN Capital, which is listed on the New York Stock Exchange. The company is regulated by top-tier financial authorities, such as the Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC) or Monetary Authority of Singapore (MAS).
City Index is considered safe because it has a long track record, is regulated by top-tier financial authorities, and its parent company is listed on a stock exchange.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for forex and cfd traders looking for low forex fees and great research tools
| Pros | Cons |
|---|---|
| • Low fees for forex and index CFDs | • Limited product portfolio |
| • Fast and smooth account opening | • High stock CFD fees |
| • Diverse research tools | • Not user-friendly desktop platform |
Fees
City Index has low fees for forex and stock index CFDs. On the other hand, stock CFD fees are high and there is an inactivity fee.
| Pros | Cons |
|---|---|
| • Low forex fees | • Inactivity fee |
| • No withdrawal fee | • High stock CFD fee |
| • Low stock index CFD fees |
| City Index | Plus500 | |
|---|---|---|
| Apple benchmark fee | $21.9 | $8.9 |
| Vodafone benchmark fee | $25.7 | $7.6 |
| EURUSD benchmark fee | $12.8 | $17.9 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
City Index account opening is fully digital and there is no minimum deposit. It took us one day to have an approved open account.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • No minimum deposit |
| City Index | Plus500 | |
|---|---|---|
| Minimum deposit | $0 | $100 |
| Time to open account | 1 day | 1 day |
If you are interested more in City Index minimum deposit, this overview will help you.
Deposit and withdrawal
City Index provides multiple options for deposit and withdrawal and they are free of charge. However, the withdrawal with some credit cards is not possible.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Problem with credit card withdrawal |
| • Free withdrawal | |
| • No deposit fee |
| City Index | Plus500 | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
City Index's web trading platform is user-friendly and extremely customizable. It has also a lot of order types. On the flip side, there is no two-step login.
| Pros | Cons |
|---|---|
| • User-friendly | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | |
| • Good variety of order types |
| City Index | Plus500 | |
|---|---|---|
| Web platform score | 4.3 | 4.4 |
| Mobile platform score | 4.3 | 4.9 |
| Desktop platform score | 3.0 | - |
Learn more about City Index's web trading platform in the detailed City Index review.
Markets and products
At City Index, you can only trade with CFDs, forex, and cryptos. Unfortunately, real stocks, bonds and ETFs are not available.
| City Index | Plus500 | |
|---|---|---|
| Stock | No | No |
| ETF | No | No |
| Forex | Yes | No |
| Fund | No | No |
| Bond | No | No |
| Options | No | No |
| Futures | No | No |
| CFD | Yes | Yes |
| Crypto | Yes | No |
Verdict
City Index is a great CFD and forex broker regulated by top-tier financial authorities, such as the UK FCA.
On the bright side, it has low forex and stock index CFD fees, a smooth account opening process, and high-quality research tools.
It has some drawbacks though. The product portfolio is limited, the stock CFD fees are quite high, and the desktop platform is not easy-to-use.
As there is no minimum balance, no withdrawal fee and inactivity fee only kicks in after one year, feel free to try City Index out.
| City Index | |
|---|---|
| Summary | City Index is a global CFD broker, regulated by many financial authorities including the top-tier UK FCA. Its parent company, GAIN Capital is listed on the New York Stock Exchange. |
| Fees score | 4.1 |
| Recommended for | Forex and CFD traders looking for low forex fees and great research tools |
Plus500 alternatives
MarketsX
Markets.com has done a rebranding in 2019 and the new brand for trading is MarketsX.
Markets.com was founded in 2010 and it is a global CFD and FX broker. It is regulated by several financial authorities, like the Cypriot CySEC or the UK FCA.
It is considered safe, because it's regulated by at least one top-tier financial authority.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 81.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Recommended for traders looking to venture into cfd trading
| Pros | Cons |
|---|---|
| • Free and fast deposit and withdrawal | • High trading fees |
| • Easy and fast account opening | • Limited product portfolio |
| • Great tools for learning and research | • Important features missing on trading platforms |
Fees
MarketsX charges no account, deposit or withdrawal fees and the CFD fees are low, too. On the flip side, financing rates and forex fees are high and inactivity fee can kick in as well.
| Pros | Cons |
|---|---|
| • No withdrawal fee | • High trading fees |
| • Low CFD fees | • High forex fees |
| • High financing rate |
| MarketsX | Plus500 | |
|---|---|---|
| Apple benchmark fee | $6.4 | $8.9 |
| Vodafone benchmark fee | $6.7 | $7.6 |
| EURUSD benchmark fee | $24.5 | $17.9 |
Includes spreads, commissions and financing rate for opening a position, holding for a week, and closing.
Position sizes: $2k for stocks and $20k for FX
Account opening
Account opening at MarketsX is seamless, fast and fully digital. You can open your trading account within a day.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| MarketsX | Plus500 | |
|---|---|---|
| Minimum deposit | $250 | $100 |
| Time to open account | 1 day | 1 day |
If you are interested more in MarketsX minimum deposit, this overview will help you.
Deposit and withdrawal
MarketsX provides multiple deposit and withdrawal options free of charge on a user-friendly interface.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | None |
| • Free withdrawal | |
| • No deposit fee |
| MarketsX | Plus500 | |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit/Debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
MarketsX's web trading platform is easy to use, has a clear fee report and good search function. On the other hand, we missed the two-step login, the customizability, and the order confirmation.
| Pros | Cons |
|---|---|
| • User-friendly | • No two-step (safer) login |
| • Clear fee report | • Limited customizability (for charts, workspace) |
| • Good search function | • No order confirmation |
| MarketsX | Plus500 | |
|---|---|---|
| Web platform score | 3.3 | 4.4 |
| Mobile platform score | 3.8 | 4.9 |
| Desktop platform score | - | - |
Learn more about MarketsX's web trading platform in the detailed MarketsX review.
Markets and products
MarketsX has a limited product portfolio as you can only trade with CFDs, forex, a couple of cryptos and CFD funds.
| MarketsX | Plus500 | |
|---|---|---|
| Stock | No | No |
| ETF | No | No |
| Forex | Yes | No |
| Fund | No | No |
| Bond | No | No |
| Options | No | No |
| Futures | No | No |
| CFD | Yes | Yes |
| Crypto | Yes | No |
Verdict
In this review, we tested MarketsX thoroughly and here is the verdict: it is an ok broker, especially if you want to concentrate on CFD trading. The account opening is seamless and fast, it has good research tools and great customer service and it is also regulated by multiple top-tier financial regulators, like the FCA and the ASIC. On the other hand, the trading fees are high and it offers only CFDs and forex. We also missed some important features on the trading platforms like two-step authentication or price alerts on the web.
All in all, it is a good choice. As the account opening is super easy and there is no inactivity fee, feel free to try it.
| MarketsX | |
|---|---|
| Summary | MarketsX is a brand belonging to Markets.com, a global CFD and forex broker regulated by the UK FCA, Australia's ASIC, CySEC in Cyprus, and South Africa's FSCA, among others. It has a UK parent, which is listed on the London Stock Exchange. |
| Fees score | 2.0 |
| Recommended for | Traders looking to venture into CFD trading |
Plus500 alternatives
Bottom line
Based on our analysis, there are several good alternatives to Plus500. They all offer similar products and target similar customers. Here's a recap of the results in a table.
| Broker | Info | Recommended for |
|---|---|---|
| Plus500 | Global CFD and forex broker | Experienced traders looking for an easy-to-use platform and a great user experience |
| eToro | Global social trading broker | Traders interested in social trading (i.e. copying other investors’ trades) & zero commission stock trading |
| XTB | Global CFD and forex broker | Forex and CFD traders looking for low fees and great deposit/withdrawal service |
| City Index | Global CFD and forex broker | Forex and CFD traders looking for low forex fees and great research tools |
| MarketsX | Global CFD and forex broker | Traders looking to venture into CFD trading |
Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.
