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Plus500 Alternatives

May 2019
Visit Plus500
80.6% of retail CFD accounts lose money
Our top picks for Markets.com alternatives
Plus500
80.6% of retail CFD accounts lose money
eToro
66% of retail CFD accounts lose money
Plus500 Alternatives

The best alternatives to Plus500 are

  1. eToro - Global social trading broker
  2. XTB - Global CFD and FX broker
  3. City Index - Global CFD and FX broker
  4. Markets.com - Global CFD and FX broker

Let's see in a bit more detail how the Plus500 alternatives compare to Plus500 and each other:

Plus500 alternatives comparison
Plus500 eToro XTB City Index Markets.com
Overall score 4.4 4.5 4.5 4.4 4.2
Fees score 4 stars 4 stars 4 stars 3 stars 3 stars
Account opening score 5 stars 5 stars 5 stars 4 stars 5 stars
Deposit and withdrawal score 5 stars 4 stars 5 stars 4 stars 5 stars
Web platform score 4 stars 4 stars 4 stars 4 stars 3 stars
Markets and products score 2 stars 3 stars 2 stars 2 stars 2 stars
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80.6% of retail CFD accounts lose money
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66% of retail CFD accounts lose money
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77% of retail CFD accounts lose money
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70% of retail CFD accounts lose money
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64% 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, with great user experience.
  • eToro is recommended for traders and those interested in social trading (copying other traders’ trades)
  • XTB is recommended for forex and cfd traders looking for great funding and withdrawal processes and research tools
  • City Index is recommended for cfd and forex traders looking for low forex fees and great research tools
  • Markets.com is recommended for traders wanting to venture in cfd trading

Important factors of finding Plus500 alternatives

So far Brokerchooser has reviewed 43 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

4.4 4 stars

Plus500 logo

Plus500 is a CFD broker, established in Israel. It is listed on the Main Market of the London Stock Exchange. Plus500 subsidiaries are authorized and regulated by different regulators, including top-tier regulators like the FCA from the UK.

Plus500 is considered safe because it is listed on a stock exchange, discloses its financials, and is regulated by top-tier regulators.

Plus500 is a CFD and forex broker. 80.6% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

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, with great user experience.

Pros
  • Easy to use platform
  • Low spreads
  • Listed on AIM section of the London Stock Exchange
Cons
  • Limited product portfolio, only CFDs
  • High financing rates
  • Minimal research tools

Visit broker
80.6% of retail CFD accounts lose money

Fees 4 stars

Plus500 has low trading fees and average non-trading fees. Financing rates are very high.
Pros
  • Low trading fees
  • No withdrawal fee
Cons
  • Inactivity fee
  • High financing rate
  • Financing rate calculation is non-transparent
Plus500 alternatives trading fees
Plus500 eToro XTB City Index Markets.com
Apple benchmark fee $8.9 $0.0 $18.1 $22.1 $5.6
Vodafone benchmark fee $7.6 $0.0 $24.4 $30.7 $6.8
EURUSD benchmark fee $17.6 $19.1 $17.1 $13.6 $28.6

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

More Visit broker
80.6% of retail CFD accounts lose money

Account opening 5 stars

Plus500 account opening is seamless, fast and fully digital. You can open your trading account within a day.
Pros
  • Fast account opening
  • Fully digital account opening
  • User-friendly
Cons
None
Plus500 alternatives minimum deposit and account open times
Plus500 eToro XTB City Index Markets.com
Minimum deposit $100 $200 $250 $0 $100
Time to open account 1 day 1 day 1 day >3 days 1 day

Learn more about Plus500 minimum deposit here.

More Visit broker
80.6% of retail CFD accounts lose money

Deposit and withdrawal 5 stars

Plus500's deposit and withdrawal are both great. You have many options, the process is easy-to-do and usually free of charge.
Pros
  • Credit/Debit card deposit and withdrawal
  • No deposit fee
  • User-friendly
  • Five withdrawal per month is free
Cons
None
Plus500 and alternatives withdrawal options and fees
Plus500 eToro XTB City Index Markets.com
Bank Transfer Yes Yes Yes Yes Yes
Credit/Debit card Yes Yes No Yes Yes
Electronic wallets Yes Yes No No Yes
Withdrawal fee $0 $25 $0 $0 $0

More Visit broker
80.6% of retail CFD accounts lose money

Web trading platform 4 stars

Plus500 trading platform is very easy-to-use and also looks great. On the flip side, it cannot be customized. 
Pros
  • User-friendly
  • Two-step (safe) login
  • Good search function
  • Available in several languages
Cons
  • Limited customizability (for charts, workspace)
Plus500 - Web trading platform
Plus500 and alternatives trading platform scores
Plus500 eToro XTB City Index Markets.com
Web platform score 4 stars 4 stars 4 stars 4 stars 3 stars
Mobile platform score 5 stars 5 stars 4 stars 4 stars 4 stars
Desktop platform score - - 4 stars 3 stars -

Learn more about Plus500's web trading platform in the detailed Plus500 review.

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80.6% of retail CFD accounts lose money

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80.6% of retail CFD accounts lose money

Markets and products 2 stars

At Plus500 you can trade only with CFDs and forex. There are a lot CFDs, you can choose from almost 2,000.
Plus500 and alternatives markets and products
Plus500 eToro XTB City Index Markets.com
Stock No Yes Yes No No
ETF No Yes Yes No No
Forex Yes 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 Yes Yes Yes Yes Yes

More Visit broker
80.6% of retail CFD accounts lose money

Verdict

Plus500 is a good broker. It is for traders aware of the risks of CFD trading.

Is plus 500 safe? It is considered safe because it is listed on the London Stock Exchange and regulated by the FCA. If you are not from the UK, you will be most likely served by Plus500 Cyprus, and hence the Cypriot investor protection will apply.

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. So if you plan to execute trades within 2 minutes, Plus500 is not your broker.

On the bright side, Plus500 platform is easy-to-use with a great user experience. Even the first time user can navigate the app with ease. Spreads are competitive, but there are really high financing rates. Therefore, fees can be really high. For this fee level, some research tools would have been nice. 

As there is no minimum balance, no withdrawal fee above $100, withdrawal and inactivity fee only kicks in after three months, feel free to try it out.

Plus500
Summary Plus500 is a global CFD broker, listed on the London Stock Exchange, regulated by many regulators, including the FCA and Cysec.
Fees score 4 stars
Recommended for Experienced traders looking for an easy-to-use platform, with great user experience.

More Visit broker
80.6% of retail CFD accounts lose money

Plus500 alternatives
eToro

4.5 5 stars

Best social trading

eToro logo

eToro is a well-known fintech startup, an Israeli social trading broker established in 2007. eToro serves UK clients by an FCA regulated entity and Australians by an Australian entity. All other customers are served by a Cypriot entity. eToro is not listed on any exchange, does not disclose its annual report on its site and does not have a bank parent. It is also one of the 5 best trading platforms for Europeans.

eToro is considered safe because it's UK arm is regulated by a top tier regulator and it is a well-known fintech startup.

eToro is a multi-asset platform which offers primarily CFDs, but you can also invest in stocks and crypto assets. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 and those interested in social trading (copying other traders’ trades)

Pros
  • Free stock and ETF trading in the EU
  • Seamless account opening
  • Social trading experience
Cons
  • Poor customer service
  • Trading platform outages
  • Limited educational tools

Visit broker
66% of retail CFD accounts lose money

Fees 4 stars

eToro offers free stock trading in Europe and has low fees for non-EU clients. On the negative side, the non-trading fees and financing rates are high.
Pros
  • Free stock and ETF trading in the EU
  • Low fees for non-EU clients
  • Transparent fee structure
Cons
  • High financing rate
  • $25 withdrawal fee
  • $10 monthly inactivity fee
Plus500 vs. eToro: Trading fees
eToro Plus500
Apple benchmark fee $0.0 $8.9
Vodafone benchmark fee $0.0 $7.6
EURUSD benchmark fee $19.1 $17.6

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

More Visit broker
66% of retail CFD accounts lose money

Account opening 5 stars

Account opening is enjoyable and super fast.
Pros
  • Fast account opening
  • No minimum account balance
  • User-friendly
Cons
None
Plus500 vs. eToro: Minimum deposit, time to open an account
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.

More Visit broker
66% of retail CFD accounts lose money

Deposit and withdrawal 4 stars

It is easy to deposit with a lot of options, including credit cards. However, there is a withdrawal fee, and only USD accounts are available.
Pros
  • Credit/Debit card deposit and withdrawal
  • No deposit fee
  • User-friendly
Cons
  • High withdrawal fee
  • Only one account base currency
Plus500 vs. eToro: Withdrawal options
eToro Plus500
Bank Transfer Yes Yes
Credit/Debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $25 $0

More Visit broker
66% of retail CFD accounts lose money

Web trading platform 4 stars

eToro’s web trading platform is nice looking and easy-to-use. Getting your fee report is a bit of a pain.
Pros
  • User-friendly
  • Looks nice
  • Social trading
Cons
  • No clear fee report available
  • Cannot be customized
Web trading platform of eToro, a Plus500 alternative
Plus500 vs. eToro: Trading platform scores
eToro Plus500
Web platform score 4 stars 4 stars
Mobile platform score 5 stars 5 stars
Desktop platform score - -

Learn more about eToro's web trading platform in the detailed eToro review.

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66% of retail CFD accounts lose money

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66% of retail CFD accounts lose money

Markets and products 3 stars

At eToro you can trade with CFDs and forex. There are also real stocks, ETFs, and many cryptos. It also offers innovative services, like social trading or CopyPortfolio.
Plus500 vs. eToro: Markets and products
eToro Plus500
Stock Yes No
ETF Yes No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

More Visit broker
66% of retail CFD accounts lose money

Verdict

When looking back, eToro was a bit unreliable in 2017 because of the huge demand for cryptos. It had problems in customer support and the platform sometimes froze. In our latest test eToro improved.

On the plus side, eToro has zero-commission stock trading in Europe. The account opening is really fast and seamless. It has also a lot of innovative features, like social trading.

It has some drawbacks though. Customer service was a letdown, the platform did not work on multiple occasions. Also, it has a tight product range which includes stocks and CFDs. Non-trading fees are high.

To sum up, we recommend eToro for social trading and cheap stock trading.

Risk disclaimer

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFD assets.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets 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 regulators, like the UK FCA.
Fees score 4 stars
Recommended for Traders and those interested in social trading (copying other traders’ trades)

More Visit broker
66% of retail CFD accounts lose money

Plus500 alternatives
XTB

4.5 5 stars

Best CFD broker

XTB logo

XTB is primarily a forex and CFD broker, while in some countries you can also trade with stocks. XTB is a global broker with more than ten offices worldwide. In Europe, it serves clients via the UK or a Polish entity. We tested the UK entity but will provide info on all entities.

XTB is listed on the Warsaw Stock Exchange. A listed company is more transparent, as it discloses its financials regularly. XTB is authorized and regulated by different regulators, including the UK FCA.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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 great funding and withdrawal processes and research tools

Pros
  • Fast deposit and withdrawal
  • Fast and user-friendly account opening
  • Good research tools
Cons
  • Limited product portfolio, mostly CFD and FX
  • Sales team can be pushy
  • No 24/7 customer support

Visit broker
77% of retail CFD accounts lose money

Fees 4 stars

XTB has average trading fees and low non-trading fees.
Pros
  • Low non-trading fees
  • No withdrawal fee
  • No inactivity fee
Cons
None
Plus500 vs. XTB: Trading fees
XTB Plus500
Apple benchmark fee $18.1 $8.9
Vodafone benchmark fee $24.4 $7.6
EURUSD benchmark fee $17.1 $17.6

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

More Visit broker
77% of retail CFD accounts lose money

Account opening 5 stars

XTB account opening is hassle-free and straightforward. Your account is ready for trading on the same day. However, the sales team is very pushy.
Pros
  • Fast account opening
  • Fully digital account opening
  • User-friendly
Cons
  • Sales team pushy
Plus500 vs. XTB: Minimum deposit, time to open an account
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.

More Visit broker
77% of retail CFD accounts lose money

Deposit and withdrawal 5 stars

XTB's deposit and withdrawal are cost-friendly, fast, and can be done in several forms. Fees for electronic wallet deposits are quite high.
Pros
  • Credit/Debit card deposit and withdrawal
  • Quick funding and withdrawal -within 3 days
  • User-friendly
Cons
  • High fees for electronic wallet deposits
Plus500 vs. XTB: Withdrawal options
XTB Plus500
Bank Transfer Yes Yes
Credit/Debit card No Yes
Electronic wallets No Yes
Withdrawal fee $0 $0

More Visit broker
77% of retail CFD accounts lose money

Web trading platform 4 stars

XTB's xStation 5 platform is user-friendly, can be customized and has a good search function. On the other hand, we missed the two-step login, the leverage setting option and the more sophisticated order types.
Pros
  • User-friendly
  • Good search function
  • Good customizability (for charts, workspace)
Cons
  • No two-step (safe) login
  • Limited order types
Web trading platform of XTB, a Plus500 alternative
Plus500 vs. XTB: Trading platform scores
XTB Plus500
Web platform score 4 stars 4 stars
Mobile platform score 4 stars 5 stars
Desktop platform score 4 stars -

Learn more about XTB's web trading platform in the detailed XTB review.

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77% of retail CFD accounts lose money

More Visit broker
77% of retail CFD accounts lose money

Markets and products 2 stars

UK residents, Hungarians and non-Europeans can trade only with CFDs and forex. All other Europeans can also trade with stocks and ETFs.
Plus500 vs. XTB: Markets and products
XTB Plus500
Stock Yes No
ETF Yes No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

More Visit broker
77% of retail CFD accounts lose money

Verdict

XTB is a good broker. It is regulated by more than 10 authorities globally, including the UK FCA, and it is listed on the Warsaw Stock Exchange. 

On the plus side, the deposit and withdrawal process is fast. We liked the seamless and hassle-free account opening. The research tools are easy-to-use.

XTB has some drawbacks though. Its product range is mainly limited to FX and CFDs, but there are stocks trading is also available in some countries. When opening the account the sales team can be pushy. We also missed the 24/7 customer support.

We recommend XTB for clients who prefer forex and CFD trading and are looking for fast account opening, cheap money withdrawal and great research tools. Feel free to test it via the demo account.

XTB
Summary XTB is a global CFD broker, listed on the Warsaw Stock Exchange, regulated by regulators, like FCA and KNF, the polish regulator.
Fees score 4 stars
Recommended for Forex and CFD traders looking for great funding and withdrawal processes and research tools

More Visit broker
77% of retail CFD accounts lose money

Plus500 alternatives
City Index

4.4 4 stars

City Index logo

City Index was founded in 1983 and it is a Global CFD and FX broker. It is regulated by top-tier regulators, like the UK FCA and the Australian ASIC.

City Index is considered safe because it has a long track record, its parent company is listed on stock exchange, and is regulated by top-tier regulators.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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 cfd and forex traders looking for low forex fees and great research tools

Pros
  • Low forex fees
  • Diverse and high-quality research tools
  • Great customer support
Cons
  • High stock CFD fees
  • Limited product portfolio
  • Not user-friendly desktop platform

Visit broker
70% of retail CFD accounts lose money

Fees 3 stars

City Index has average trading and non-trading fees. Its financing rates are low.
Pros
  • No withdrawal fee
  • Low financing rate
Cons
  • Inactivity fee
Plus500 vs. City Index: Trading fees
City Index Plus500
Apple benchmark fee $22.1 $8.9
Vodafone benchmark fee $30.7 $7.6
EURUSD benchmark fee $13.6 $17.6

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

More Visit broker
70% of retail CFD accounts lose money

Account opening 4 stars

City Index account opening is fully digital and there is no minimum deposit. But, it can take more days.
Pros
  • Fully digital account opening
  • No minimum account balance
Cons
  • Slow account opening
Plus500 vs. City Index: Minimum deposit, time to open an account
City Index Plus500
Minimum deposit $0 $100
Time to open account >3 days 1 day

If you are interested more in City Index minimum deposit, this overview will help you.

More Visit broker
70% of retail CFD accounts lose money

Deposit and withdrawal 4 stars

City Index deposit and withdrawal are free and user-friendly. On the flip side, electronic wallets are missing and you cannot select your account currency.
Pros
  • Credit/Debit card deposit and withdrawal
  • Free withdrawal
  • No deposit fee
Cons
  • Missing electronic wallets
  • Base currencies cannot be selected
Plus500 vs. City Index: Withdrawal options
City Index Plus500
Bank Transfer Yes Yes
Credit/Debit card Yes Yes
Electronic wallets No Yes
Withdrawal fee $0 $0

More Visit broker
70% of retail CFD accounts lose money

Web trading platform 4 stars

City Index web trading platform is extremely customizable. It also has a lot of order types. On the flip side, there is no two-step login.
Pros
  • User-friendly
  • Clear fee report
  • Good search function
Cons
  • No two-step (safe) login
Web trading platform of City Index, a Plus500 alternative
Plus500 vs. City Index: Trading platform scores
City Index Plus500
Web platform score 4 stars 4 stars
Mobile platform score 4 stars 5 stars
Desktop platform score 3 stars -

Learn more about City Index's web trading platform in the detailed City Index review.

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70% of retail CFD accounts lose money

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70% of retail CFD accounts lose money

Markets and products 2 stars

At City Index, you can trade only with CFDs, forex, and cryptos.
Plus500 vs. City Index: Markets and products
City Index Plus500
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

More Visit broker
70% of retail CFD accounts lose money

Verdict

In our City Index review, we tested City Index thoroughly and here is the verdict. It is an ok broker, especially if you want to concentrate on CFD and forex trading. 

On the bright side, it has low forex fees, high-quality research tools, and great customer support.

It has some drawbacks though. The CFD fees are quite high, the product portfolio is limited, 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 it out.

City Index
Summary City Index is a global CFD broker, regulated by top-tier regulators, like FCA. Its parent company, GAIN Capital is listed on the New York Stock Exchange.
Fees score 3 stars
Recommended for CFD and forex traders looking for low forex fees and great research tools

More Visit broker
70% of retail CFD accounts lose money

Plus500 alternatives
Markets.com

4.2 4 stars

Markets.com logo

Markets.com is a global CFD and FX broker established in 2010. Markets.com is operated by Safecap Investment Limited, which is regulated by two regulators, the Cypriot Cysec and the South African FSCA. It is not regulated by FCA, the top-tier, UK regulator. Safecap is owned by Playtech, a gambling software development company.

Markets.com is considered safe, because its parent company, Playtech is listed on a stock exchange.

Markets.com is a CFD and forex broker. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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 wanting to venture in cfd trading

Pros
  • Low trading fees
  • Account open is seamless and fast
  • Innovative research tools
Cons
  • Limited product portfolio, only CFDs
  • Not FCA regulated, Cysec and FSB only

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64% of retail CFD accounts lose money

Fees 3 stars

Markets.com has low trading fees and financing rates. On the negative side, there is a high inactivity fee and the fee structures are not transparent.
Pros
  • Low trading fees
  • No withdrawal fee
  • Low financing rate
Cons
  • Inactivity fee
  • Not transparent fee structure
  • Financing rate calculation is non-transparent
Plus500 vs. Markets.com: Trading fees
Markets.com Plus500
Apple benchmark fee $5.6 $8.9
Vodafone benchmark fee $6.8 $7.6
EURUSD benchmark fee $28.6 $17.6

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

More Visit broker
64% of retail CFD accounts lose money

Account opening 5 stars

Markets.com account opening is seamless, fast and fully digital. You can open your trading account within a day.
Pros
  • Fast account opening
  • Fully digital account opening
  • User-friendly
Cons
  • $/€/£100 minimum funding
Plus500 vs. Markets.com: Minimum deposit, time to open an account
Markets.com Plus500
Minimum deposit $100 $100
Time to open account 1 day 1 day

If you are interested more in Markets.com minimum deposit, this overview will help you.

More Visit broker
64% of retail CFD accounts lose money

Deposit and withdrawal 5 stars

Markets.com deposit and withdrawal are free of charge, with many options and easy-to-do.
Pros
  • Credit/Debit card deposit and withdrawal
  • No deposit fee
  • Several account base currencies
Cons
  • None
Plus500 vs. Markets.com: Withdrawal options
Markets.com Plus500
Bank Transfer Yes Yes
Credit/Debit card Yes Yes
Electronic wallets Yes Yes
Withdrawal fee $0 $0

More Visit broker
64% of retail CFD accounts lose money

Web trading platform 3 stars

Markets.com's web trading platform looks nice, easy to use, and has a great search function. It has limited order types, and the two step login is missing.
Pros
  • User-friendly
  • Good search function
  • Available in several languages
Cons
  • No two-step (safe) login
  • Limited order types
  • No order confirmation
Web trading platform of Markets.com, a Plus500 alternative
Plus500 vs. Markets.com: Trading platform scores
Markets.com Plus500
Web platform score 3 stars 4 stars
Mobile platform score 4 stars 5 stars
Desktop platform score - -

Learn more about Markets.com's web trading platform in the detailed Markets.com review.

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64% of retail CFD accounts lose money

More Visit broker
64% of retail CFD accounts lose money

Markets and products 2 stars

At Markets.com you can trade only with CFDs, forex, and cryptos.
Plus500 vs. Markets.com: Markets and products
Markets.com Plus500
Stock No No
ETF No No
Forex Yes Yes
Fund No No
Bond No No
Options No No
Futures No No
CFD Yes Yes
Crypto Yes Yes

More Visit broker
64% of retail CFD accounts lose money

Verdict

In our Markets.com review, we tested Markets.com thoroughly and here is the verdict. It is an ok broker, especially if you want to concentrate on CFD trading. It has low trading fees, an easy-to-use platform, and great research tools.

It is not regulated by top-tier financial regulators, like the FCA or the SEC.

All in all, it is a good choice. The account opening is super easy and there is no inactivity fee, feel free to try it.

Markets.com
Summary Markets.com is a CFD broker regulated in Cyprus and South Africa. It has a UK parent, which is listed on the London Stock Exchange.
Fees score 3 stars
Recommended for Traders wanting to venture in CFD trading

More Visit broker
64% of retail CFD accounts lose money

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.

Plus500 alternatives
Broker Info Recommended for
Plus500 Global CFD and FX broker Experienced traders looking for an easy-to-use platform, with great user experience.
eToro Global social trading broker Traders and those interested in social trading (copying other traders’ trades)
XTB Global CFD and FX broker Forex and CFD traders looking for great funding and withdrawal processes and research tools
City Index Global CFD and FX broker CFD and forex traders looking for low forex fees and great research tools
Markets.com Global CFD and FX broker Traders wanting to venture in CFD trading

Still unsure? Use our broker finder and find the best broker for you or learn more about investing your money.

AUTHOR

Dan Sallai
Dan Sallai
CMO
My goal is to help people find our resourceful content when they need the most. I combine my 10+ years online marketing experience with the team's finance knowledge to reach that every day. On the side I'm paying bowling, tennis and enjoy spending great time with my children.
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