The best alternatives to Plus500 are
- ActivTrades - Global CFD and forex broker
- Spreadex - Global CFD and forex broker
- FxPro - Global CFD and forex broker
- City Index - Global CFD and forex broker
Let's see in a bit more detail how the Plus500 alternatives compare to Plus500 and each other:
| Plus500 | ActivTrades | Spreadex | FxPro | City Index | |
|---|---|---|---|---|---|
| Overall score | 4.5 | 4.5 | 4.4 | 4.2 | 4.7 |
| Fees score | 3.2 stars | 4.4 stars | 4.3 stars | 3.4 stars | 4.0 stars |
| Account opening score | 5.0 stars | 3.8 stars | 4.4 stars | 5.0 stars | 5.0 stars |
| Deposit and withdrawal score | 5.0 stars | 4.5 stars | 4.3 stars | 4.5 stars | 4.3 stars |
| Web platform score | 4.5 stars | 3.8 stars | 4.5 stars | 2.8 stars | 4.3 stars |
| Markets and products score | 1.9 stars | 1.4 stars | 1.7 stars | 1.6 stars | 2.0 stars |
|
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76.4% of retail CFD accounts lose money |
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77% of retail CFD accounts lose money |
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69% of retail CFD accounts lose money |
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79.83% of retail CFD accounts lose money |
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73% 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
- ActivTrades is recommended for forex and cfd traders looking for low fees and great deposit/withdrawal conditions
- Spreadex is recommended for spread, forex and cfd traders looking for low fees and great deposit/withdrawal options
- FxPro is recommended for forex and cfd traders looking for a broker with great account opening and familiar with metatrader platform
- City Index is recommended for forex and cfd traders looking for low forex fees and great research tools
Important factors of finding Plus500 alternatives
So far BrokerChooser has reviewed 84 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. The amounts Plus500 charges you are considered average. When picking an alternative, you could prioritize brokers that are cheaper than Plus500.
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 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 secure 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. 76.4% 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 based on the notion that client transactions are opened and closed within 2 minutes limit in order to accumulate quick profits from small price changes." 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 range, only CFDs |
| • Great account opening | • Mediocre research tools |
| • Quick and helpful customer support | • Average CFD fees |
Fees
Plus500 charges no withdrawal fee. There is an inactivity fee, but it's charged only if you don't log into the platform. On the negative side, the trading fees are average.
| Pros | Cons |
|---|---|
| • Free withdrawal | • Average CFD fees |
| • Inactivity fee charged only if you don't log into the platform |
| Plus500 | ActivTrades | Spreadex | FxPro | City Index | |
|---|---|---|---|---|---|
| S&P 500 index CFD fee | $2.3 | $0.9 | $1.8 | $2.7 | $1.2 |
| Europe 50 index CFD fee | $2.8 | $0.7 | $3.2 | $2.6 | $1.9 |
| EURUSD benchmark fee | $11.9 | $7.9 | $6.7 | $8.8 | $6.1 |
| GBPUSD benchmark fee | $9.7 | $5.7 | $4.8 | $7.5 | $5.2 |
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 | ActivTrades | Spreadex | FxPro | City Index | |
|---|---|---|---|---|---|
| Minimum deposit | $100 | $1,000 | $0 | $100 | $100 |
| Time to open account | 1 day | 1 day | 1-3 days | 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 free of charge.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | None |
| • Free withdrawal | |
| • No deposit fee |
| Plus500 | ActivTrades | Spreadex | FxPro | City Index | |
|---|---|---|---|---|---|
| Bank transfer | Yes | Yes | Yes | Yes | Yes |
| Credit/debit card | Yes | Yes | Yes | Yes | Yes |
| Electronic wallets | Yes | Yes | No | Yes | Yes |
| Withdrawal fee | $0 | $0 | $0 | $0 | $0 |
Web trading platform
The Plus500 trading platform is quite easy to use and also looks great. On the negative side, it cannot be customized.
| Pros | Cons |
|---|---|
| • User-friendly | • Limited customizability for workspace |
| • Clear fee report | |
| • Two-step (safer) login |
| Plus500 | ActivTrades | Spreadex | FxPro | City Index | |
|---|---|---|---|---|---|
| Web platform score | 4.5 stars | 3.8 stars | 4.5 stars | 2.8 stars | 4.3 stars |
| Mobile platform score | 5.0 stars | 4.3 stars | 4.5 stars | 3.8 stars | 4.3 stars |
| Desktop platform score | - | 3.4 stars | - | 3.4 stars | 3.0 stars |
Learn more about Plus500's web trading platform in the detailed Plus500 review.
Markets and products
At Plus500 you can trade only with CFDs (forex, stock index, stock, ETF, commodity and crypto). Many popular asset classes, like real stocks or ETFs, are not available.
| Plus500 | ActivTrades | Spreadex | FxPro | City Index | |
|---|---|---|---|---|---|
| Stock | No | No | No | No | No |
| ETF | No | No | No | 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 | No | No | Yes | Yes |
Verdict
Plus500 is a good CFD 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 alternative regulators, like Plus500 Cyprus. In this case, for example, the Cypriot investor protection would apply to you.
Attention Daytraders! At Plus500, scalping is defined as "a trading strategy based on the notion that client transactions are opened and closed within 2 minutes limit in order to accumulate quick profits from small price changes." 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, providing a great user experience even for first-timer. The account opening and customer support work well.
On the other hand, CFDs are the only product offered, the research tools are limited, and the CFD fees are average.
As there is no minimum balance required, no withdrawal fee for withdrawals of over $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 | 3.2 stars |
| Recommended for | Experienced traders looking for an easy-to-use platform and a great user experience |
Plus500 alternatives
ActivTrades
ActivTrades is a global forex broker founded in 2001. It is regulated by the UK's Financial Conduct Authority (FCA) and the Securities Commission of the Bahamas (SCB).
ActivTrades is considered safe because it has a long track record and it is regulated by a top-tier financial authority, the FCA.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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 conditions
| Pros | Cons |
|---|---|
| • Low trading fees | • Slim product portfolio |
| • Free deposit and withdrawal | • Basic research tools |
| • Good customer support and education services | • High minimum deposit |
Fees
ActivTrades has low trading fees and average non-trading fees. It's great that the broker charges no deposit and withdrawal fees in most cases.
| Pros | Cons |
|---|---|
| • Low trading fees | • Inactivity fee |
| • No withdrawal fee |
| ActivTrades | Plus500 | |
|---|---|---|
| Apple benchmark fee | $3.2 | $15.4 |
| Vodafone benchmark fee | $5.5 | $11.1 |
| EURUSD benchmark fee | $7.9 | $11.9 |
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 ActivTrades is seamless and fully digital. The whole process took less, than five minutes. Our account was verified within one business day. On the downside, the minimum deposit is high.
| Pros | Cons |
|---|---|
| • Fast | • Minimum deposit is $1,000 |
| • Fully digital | |
| • User-friendly |
| ActivTrades | Plus500 | |
|---|---|---|
| Minimum deposit | $1,000 | $100 |
| Time to open account | 1 day | 1 day |
If you are interested more in ActivTrades minimum deposit, this overview will help you.
Deposit and withdrawal
ActivTrades offers free deposit and withdrawal options, including traditional methods such as bank transfer and credit card, as well as various e-wallets. On the other hand, minor currencies are not accepted.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Minor account currencies not available |
| • Free withdrawal | |
| • No deposit fee |
| ActivTrades | Plus500 | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
ActivTrades has its own web trading platform called ActivTrader. It's highly customizable, available in several languages and has a clear fee report. On the flip side, the platform lacks a two-step login and price alerts.
| Pros | Cons |
|---|---|
| • User-friendly | • No two-step (safer) login |
| • Clear fee report | |
| • Good search function |
| ActivTrades | Plus500 | |
|---|---|---|
| Web platform score | 3.8 stars | 4.5 stars |
| Mobile platform score | 4.3 stars | 5.0 stars |
| Desktop platform score | 3.4 stars | - |
Learn more about ActivTrades's web trading platform in the detailed ActivTrades review.
Markets and products
At ActivTrades you can only trade forex and other CFDs. Popular asset classes, such as real stocks, bonds, mutual funds and options are not available.
| ActivTrades | 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 | No | No |
Verdict
All in all, ActivTrades is a good CFD/forex broker.
ActivTrades has low trading fees, while deposits and withdrawals are free. Customer support is great and it has excellent education tools, including webinars and market analysis.
On the downside, its product portfolio is limited to just a few products, as it offers mainly CFDs and forex instruments. The research tools are basic, and there are no trading ideas or fundamental data. The minimum deposit is high, at $/€/£/CHF 1,000, depending on the currency of your account.
As the trading fees are low and your account will be ready quickly, feel free to try ActivTrades.
| ActivTrades | |
|---|---|
| Summary | ActivTrades is a UK CFD and forex broker. It is regulated by the FCA and is available globally for clients. |
| Fees score | 4.4 stars |
| Recommended for | Forex and CFD traders looking for low fees and great deposit/withdrawal conditions |
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Plus500 alternatives
Spreadex
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.
Spreadex is considered safe because it has a long track record and is regulated by a top-tier financial authority.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. For professional clients, spread betting and CFD trading can also result in losses larger than your initial stake or deposit. This site is intended for those persons of 18 years or older.
Recommended for spread, forex and cfd traders looking for low fees and great deposit/withdrawal options
| Pros | Cons |
|---|---|
| • Low forex fees | • Thin product selection |
| • Good web platform | • No desktop platform |
| • Helpful customer service | • Limited research and education tools |
Fees
Spreadex has low forex fees and low stock CFD fees, and it charges no inactivity fee.
| Pros | Cons |
|---|---|
| • Low forex fees | None |
| • No inactivity fee |
| Spreadex | Plus500 | |
|---|---|---|
| Apple benchmark fee | $7.5 | $15.4 |
| Vodafone benchmark fee | $5.8 | $11.1 |
| EURUSD benchmark fee | $6.7 | $11.9 |
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
Opening an account at Spreadex is easy and straightforward, and involves no minimum deposit. However, account verification was a bit slow, taking us 2-3 business days.
| Pros | Cons |
|---|---|
| • Fully digital | • Slower-than-average account verification |
| • No minimum deposit | |
| • User-friendly |
| Spreadex | Plus500 | |
|---|---|---|
| Minimum deposit | $0 | $100 |
| Time to open account | 1-3 days | 1 day |
If you are interested more in Spreadex minimum deposit, this overview will help you.
Deposit and withdrawal
Deposit and withdrawal, via bank transfer or credit/debit cards, are quick and mostly free. However, the account currency selection is rather average.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Average account currency selection |
| • No deposit fee | |
| • Free withdrawal in most cases |
| Spreadex | Plus500 | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | No | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
The Spreadex trading platform is user-friendly, with a good search function, clear reports and guaranteed stop orders. However, it lacks a two-step login and is available only in English.
| Pros | Cons |
|---|---|
| • User-friendly | • No two-step (safer) login |
| • Clear fee report | • Available only in English |
| • Good search function | |
| • Guaranteed stop |
| Spreadex | Plus500 | |
|---|---|---|
| Web platform score | 4.5 stars | 4.5 stars |
| Mobile platform score | 4.5 stars | 5.0 stars |
| Desktop platform score | - | - |
Learn more about Spreadex's web trading platform in the detailed Spreadex review.
Markets and products
At Spreadex you can only trade forex, CFDs, and spread betting. Popular asset classes such as real stocks, ETFs, or bonds are missing.
| Spreadex | 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 | No | No |
Verdict
Spreadex is a forex and CFD broker regulated by the top-tier UK FCA.
Spreadex has low forex fees; it offers a good web trading platform; and any problems or enquiries are taken care of by its helpful and fast customer service.
On the flip side, Spreadex's product portfolio is limited to forex and CFDs, meaning that popular asset classes such as real stocks or mutual funds are missing. In addition, there is no desktop platform, while the quality and quantity of research tools and education materials is quite poor.
As Spreadex has a user-friendly web platform and requires no minimum deposit, we encourage you to give it a try.
| Spreadex | |
|---|---|
| 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 |
Plus500 alternatives
FxPro
FxPro is a global CFD and forex broker founded in 2006. It is regulated by several financial authorities globally, including the UK's top-tier Financial Conduct Authority (FCA).
FxPro is considered safe because it is regulated by the top-tier FCA and it has a relatively long track record.
Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79.83% 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 a broker with great account opening and familiar with metatrader platform
| Pros | Cons |
|---|---|
| • Superb account opening process | • Only CFDs and forex |
| • Great customer service | • High trading fees for some stock CFDs |
| • Free deposit and withdrawal | • Inactivity fee |
Fees
FxPro has free deposit and withdrawal options. On the negative side, FxPro charges an inactivity fee, and stock CFD fees are high.
| Pros | Cons |
|---|---|
| • No withdrawal fee | • Inactivity fee |
| • Low financing rate | • High stock CFD fees |
| FxPro | Plus500 | |
|---|---|---|
| Apple benchmark fee | $11.4 | $15.4 |
| Vodafone benchmark fee | $33.8 | $11.1 |
| EURUSD benchmark fee | $8.8 | $11.9 |
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
FxPro account opening is hassle-free, straightforward and very fast; it may take less than two hours to verify your account.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • Low minimum deposit |
| FxPro | Plus500 | |
|---|---|---|
| Minimum deposit | $100 | $100 |
| Time to open account | 1 day | 1 day |
If you are interested more in FxPro minimum deposit, this overview will help you.
Deposit and withdrawal
FxPro offers free and fast deposit and withdrawal, via various channels including bank transfer, credit/debit cards and electronic wallets.
| Pros | Cons |
|---|---|
| • Credit/Debit card available | • Few minor account currencies accepted |
| • Free withdrawal | |
| • No deposit fee |
| FxPro | Plus500 | |
|---|---|---|
| Bank transfer | Yes | Yes |
| Credit/debit card | Yes | Yes |
| Electronic wallets | Yes | Yes |
| Withdrawal fee | $0 | $0 |
Web trading platform
FxPro offers several trading platforms. The MT4 platform we tested is highly customizable and has a clear fee report, but the platform lacks price alerts and the design is outdated.
| Pros | Cons |
|---|---|
| • Clear fee report | • No two-step (safer) login |
| • Good customizability (for charts, workspace) | • No price alerts |
| • Order confirmation | • Poor design |
| FxPro | Plus500 | |
|---|---|---|
| Web platform score | 2.8 stars | 4.5 stars |
| Mobile platform score | 3.8 stars | 5.0 stars |
| Desktop platform score | 3.4 stars | - |
Learn more about FxPro's web trading platform in the detailed FxPro review.
Markets and products
At FxPro you can trade CFDs of underlying asset classes including forex, stocks, commodities, futures and indices. However, popular products such as real stocks or ETFs are not available.
| FxPro | 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
FxPro is regulated by several authorities globally, including the top-tier FCA.
On the plus side, opening an account is fast and takes place fully online and there are a lot of free deposit/withdrawal options. FxPro has great customer service, with many languages supported.
FxPro has some drawbacks though. Its product range is limited to CFDs and forex. Its trading fees are generally low, but relatively high for some stock CFDs. A $15 one-off account maintenance fee and a monthly $5 fee is charged after six months of inactivity.
We recommend FxPro for those who are interested in CFD and forex trading and appreciate a quick and hassle-free account opening process. Feel free to test it via the demo account.
| FxPro | |
|---|---|
| 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 | 3.4 stars |
| Recommended for | Forex and CFD traders looking for a broker with great account opening and familiar with MetaTrader platform |
Plus500 alternatives
City Index
City Index is a global CFD and FX broker that was founded in 1983. City Index is the trading brand of StoneX Financial Ltd., whose parent company StoneX Group Inc. is listed on the NASDAQ Stock Exchange. The company is regulated by top-tier financial authorities, such as the UK's Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) and the Monetary Authority of Singapore (MAS).
City Index is considered safe because it has a long track record, it 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. 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 forex and cfd traders looking for low forex fees and great research tools
| Pros | Cons |
|---|---|
| • Low fees for forex | • Limited product portfolio |
| • Fast and smooth account opening | • High stock CFD fees |
| • Diverse research tools | • Non-user-friendly desktop platform |
Fees
City Index has low fees for forex and there is no withdrawal fee. On the other hand, stock CFD fees are high and there is an inactivity fee after one year.
| Pros | Cons |
|---|---|
| • Low forex fees | • Inactivity fee |
| • No withdrawal fee | • High stock CFD fees |
| City Index | Plus500 | |
|---|---|---|
| Apple benchmark fee | $21.3 | $15.4 |
| Vodafone benchmark fee | $27.6 | $11.1 |
| EURUSD benchmark fee | $6.1 | $11.9 |
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's account opening process is fully digital and there is no minimum deposit. It took one day for us to get the account approved.
| Pros | Cons |
|---|---|
| • Fast | None |
| • Fully digital | |
| • No minimum deposit |
| City Index | Plus500 | |
|---|---|---|
| Minimum deposit | $100 | $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 deposit and withdrawal options, all free of charge. However, withdrawal is not possible with some credit cards.
| 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, with lots of order types. On the negative 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 stars | 4.5 stars |
| Mobile platform score | 4.3 stars | 5.0 stars |
| Desktop platform score | 3.0 stars | - |
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. Other asset classes, like real stocks or funds, 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's FCA.
On the positive side, it has low forex fees, a smooth account opening process, and high-quality research tools.
It has some drawbacks though. The product portfolio is limited, stock CFD fees are quite high and the desktop platform lags behind its competitors.
As there is no minimum balance required, no withdrawal fee and an inactivity fee only kicks in after one year, feel free to try City Index.
| City Index | |
|---|---|
| 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 | 4.0 stars |
| Recommended for | Forex and CFD traders looking for low forex fees and great research tools |
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 broker | Experienced traders looking for an easy-to-use platform and a great user experience |
| ActivTrades | Global CFD and forex broker | Forex and CFD traders looking for low fees and great deposit/withdrawal conditions |
| Spreadex | Global CFD and forex broker | Spread, Forex and CFD traders looking for low fees and great deposit/withdrawal options |
| FxPro | Global CFD and forex broker | Forex and CFD traders looking for a broker with great account opening and familiar with MetaTrader platform |
| City Index | Global CFD and forex broker | Forex and CFD traders looking for low forex fees and great research tools |
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