Plus500 Alternatives

The best alternatives to Plus500 are

1. ActivTrades - Global CFD and forex broker
2. Spreadex - Global CFD and forex broker
3. FxPro - Global CFD and forex broker
4. 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:

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 94 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!

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 the FCA, a top-tier financial authority.

Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 60% 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

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60% of retail CFD accounts lose money

Fees

4.4

ActivTrades has low trading fees and average non-trading fees. As a plus, it charges no deposit and withdrawal fees in most cases.

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
The fees were collected on 4 Jun 2021, between 2 pm and 4 pm CET, but the actual rates are subject to change. To see current rates, check Plus500's website.

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60% of retail CFD accounts lose money

Account opening

5.0

Account opening at ActivTrades is seamless and fully digital, taking just a few minutes to complete and verified within one business day.

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

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60% of retail CFD accounts lose money

Deposit and withdrawal

4.5

ActivTrades offers free deposit and withdrawal options, including bank transfer, credit card and various e-wallets. On the negative side, minor currencies are not accepted.

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60% of retail CFD accounts lose money

Web trading platform

4.3

ActivTrades has its own web trading platform called ActivTrader. It's highly customizable, multilingual and has a clear fee report On the other hand, there are no price alerts.

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

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60% of retail CFD accounts lose money

Markets and products

1.4

At ActivTrades, you can only trade forex and other CFDs. Other popular asset classes such as real stocks, bonds, mutual funds or options are not available.

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60% of retail CFD accounts lose money

Verdict

All in all, ActivTrades is a good CFD/forex broker.

ActivTrades has low trading fees. The account opening is excellent and the deposits and withdrawals are free.

On the downside, its product portfolio is limited to just a few products, as it offers mainly CFDs and forex instruments. Research tools are basic, and there are no trading ideas or fundamental data. There is an inactivity fee.

As trading fees are low and your account will be ready quickly, we encourage you to try ActivTrades.

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60% of retail CFD accounts lose money

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. 63% 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 spread, forex and cfd traders looking for low fees and great deposit/withdrawal options

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63% of retail CFD accounts lose money

Fees

4.2

Spreadex has low forex fees and low stock CFD fees, and it charges no inactivity fee.

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
The fees were collected on 4 Jun 2021, between 2 pm and 4 pm CET, but the actual rates are subject to change. To see current rates, check Plus500's website.

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63% of retail CFD accounts lose money

Account opening

4.4

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.

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

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63% of retail CFD accounts lose money

Deposit and withdrawal

4.3

Deposit and withdrawal, via bank transfer or credit/debit cards, are quick and mostly free. However, the account currency selection is rather average.

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63% of retail CFD accounts lose money

Web trading platform

4.5

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.

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

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63% of retail CFD accounts lose money

Markets and products

1.7

At Spreadex you can only trade forex, CFDs, and spread betting. Popular asset classes such as real stocks, ETFs, or bonds are missing.

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63% of retail CFD accounts lose money

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.

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63% of retail CFD accounts lose money

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. 86.32% 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

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86.32% of retail CFD accounts lose money

Fees

3.4

FxPro has free deposit and withdrawal options. On the negative side, FxPro charges an inactivity fee, and stock CFD fees are high.

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
The fees were collected on 4 Jun 2021, between 2 pm and 4 pm CET, but the actual rates are subject to change. To see current rates, check Plus500's website.

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86.32% of retail CFD accounts lose money

Account opening

5.0

FxPro account opening is hassle-free, straightforward and very fast; it may take less than two hours to verify your account.

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

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86.32% of retail CFD accounts lose money

Deposit and withdrawal

4.5

FxPro offers free and fast deposit and withdrawal, via various channels including bank transfer, credit/debit cards and electronic wallets.

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86.32% of retail CFD accounts lose money

Web trading platform

2.8

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.

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

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86.32% of retail CFD accounts lose money

Markets and products

1.8

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.

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86.32% of retail CFD accounts lose money

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 12 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.

*May vary on jurisdiction

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86.32% of retail CFD accounts lose money

City Index is a global CFD and FX broker 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. 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 forex and cfd traders looking for low forex fees and great research tools

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70% of retail CFD accounts lose money

Fees

3.9

City Index has low fees for forex trading and there is no withdrawal fee. On the other hand, stock CFD fees are high and an inactivity fee kicks in after one year.

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
The fees were collected on 4 Jun 2021, between 2 pm and 4 pm CET, but the actual rates are subject to change. To see current rates, check Plus500's website.

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70% of retail CFD accounts lose money

Account opening

5.0

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.

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

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70% of retail CFD accounts lose money

Deposit and withdrawal

4.3

City Index provides multiple deposit and withdrawal options, all free of charge. However, withdrawal is not possible with some credit cards.

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70% of retail CFD accounts lose money

Web trading platform

4.3

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.

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

Markets and products

2.0

At City Index, you can only trade CFDs, forex and cryptos. Other popular asset classes, like real stocks or funds, are not available.

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70% of retail CFD accounts lose money

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 required minimum balance, no withdrawal fee, and an inactivity fee only kicks in after one year, feel free to try City Index.

Below you can find links to all aspects of City Index in this comprehensive collection.

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70% of retail CFD accounts lose money

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. 72% 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

Fees

2.9

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.

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

The fees were collected on 4 Jun 2021, between 2 pm and 4 pm CET, but the actual rates are subject to change. To see current rates, check Plus500's website.

Account opening

5.0

Plus500 account opening is seamless, fast and fully digital. You can open your trading account within a day.

Learn more about Plus500 minimum deposit here.

Deposit and withdrawal

5.0

Plus500's deposit and withdrawal services are both great. You have many options, the process is simple and free of charge.

Web trading platform

4.5

The Plus500 web trader is quite easy to use and also looks great. On the negative side, it cannot be customized.

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

Markets and products

1.9

At Plus500 you can trade only CFDs with this provider (CFD forex, stock index, stock, ETF, commodity and crypto). Many popular asset classes, like real stocks or ETFs, are not available.

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 a low minimum deposit 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. Just be sure not to use all of your capital, as it is really easy to lose money when trading CFDs with this - or any - provider. There's always a high risk of losing your capital when trading with CFDs, be careful!

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.

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