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S&P 500 CFD spreads at Plus500 explained

Your expert
Eszter Z.
Fact checked by
Gyula L.
Updated
1w ago
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Are S&P 500 CFD spreads low at Plus500 as of February 2024?

At Plus500, S&P 500 CFD spreads are considered to be average, providing traders with a reliable and consistent trading experience.

At Plus500, the S&P 500 CFD spread is 0.7, while the average spread is 0.7 among 53 brokers reviewed by BrokerChooser.

The fees were collected on Dec 7, 2023 between 2 pm and 4 pm CET.

Analyzing S&P 500 CFD Spreads: Ranking 53 Brokers by BrokerChooser
S&P 500 CFD spread
S&P 500 CFD spread fee class
0.5 Low
0.4 Low
2.3 High
1.5 High
0.2 Low
0.3 Low
0.4 Low
0.3 Low
0.4 Low
0.3 Low
0.4 Low
0.6 Low
0.4 Low
0.4 Low
0.4 Low
0.4 Low
0.4 Low
XM
0.5 Low
0.4 Low
0.4 Low
0.4 Low
IG
0.4 Low
0.6 Low
0.4 Low
0.4 Low
0.5 Low
0.5 Low
0.5 Low
0.5 Low
0.5 Low
0.5 Low
0.6 Low
XTB
0.6 Low
0.6 Low
0.6 Low
0.6 Low
0.6 Low
0.6 Low
1.0 High
0.6 Low
0.7 Average
0.8 Average
0.9 Average
Axi
0.5 Low
1.0 High
0.8 Average
1.1 High
1.7 High
1.5 High
FBS
1.5 High
3.0 High
1.0 High

Data updated on February 16, 2024

Summary

  • The suitability of average spreads depends on your trading style and preferences.
  • If you prefer short-term trading, lower spreads may offer you better trading conditions.
  • Narrow spreads have the potential to enhance your profitability and limit your losses in trading.
  • Educate yourself on CFD trading risks before diving in.
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S&P 500 CFD spreads and costs at Plus500

Now, let's check the S&P 500 CFD spreads and costs in detail at Plus500!

S&P 500 CFD spreads and costs
💹 S&P 500 CFD spread 0.7
📊 S&P 500 CFD spread fee class Average
💰 S&P 500 CFD fee The fees are built into the spread, 0.7 points is the average spread cost during peak trading hours.
📈 S&P 500 CFD benchmark fee $4.3

The data presented in the table was collected on Oct 5, 2023.

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82% of retail CFD accounts lose money

What is S&P 500 CFD trading?

S&P 500 CFD trading speculates on price movements of the S&P 500 index using CFDs, offering profit potential without owning stocks but with associated risks.
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What is the spread?

The spread in trading is the difference between the buy and sell price of a financial instrument, representing the broker's commission. A lower spread means lower trading costs for traders, impacting potential profits and losses.
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Is a financing rate charged at Plus500?

At Plus500, the financing rate for S&P 500 CFDs is 10.3%, offering competitive terms for traders seeking to hold positions overnight.

The data regarding the financing rate for S&P 500 CFDs was collected on Oct 5, 2023.

What does the CFD financing rate mean?

CFD financing rate is the cost or credit for holding a position overnight, based on interbank lending rate and broker's markup, applied daily.

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BrokerChooser score
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82% of retail CFD accounts lose money
Plus500 is not available in the United States
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Looking for a CFD broker?

If you are interested in finding CFD brokers with the most favorable trading conditions, check out our top recommendations for the best CFD brokers in the world.

Read Best CFD Brokers article

Our expert team here at BrokerChooser specializes in helping you find a broker that best suits your needs. We have reviewed over a 100 brokers based on BrokerChooser's unique methodology.

If you have any feedback or questions, feel free to contact us via email!

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Further reading

Author of this article

Eszter Zalán
Eszter Zalán

Eszter is a former Editor and Financial Journalist for BrokerChooser. She wrote and edited BrokerChooser's content from 2021 onwards, bringing her more than a decade-long experience in journalism to the team. She has covered world affairs and several financial crises, and dove deep into SEO and coding to make BrokerChooser's content more accessible to users.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.

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