Alternatives to Plus500

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James Barra
James is an investment writer with a background in financial services. As a former management consultant, he has worked on major operational transformation programmes at prominent European banks. James authors, edits and fact-checks content for a series of investing websites.
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Jemma Grist
Jemma is a writer, editor and fact-checker focused on retail trading and investing. Jemma brings a unique perspective to the forex, stock, and cryptocurrency markets and works across several investment websites as a researcher and broker analyst.
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William Berg
William contributes to several investment websites, leveraging his experience as a consultant for IPOs in the Nordic market and background providing localization for forex trading software. William has worked as a writer and fact-checker for a long row of financial publications.
Updated

Here we list the best alternatives to Plus500. Traders that are looking for brokers that are similar to Plus500 on specific features should check the detailed comparison table.

Top 3 Alternatives to Plus500

These brokers are the best alternatives to Plus500 that also accept traders from your location. The brokers are listed in order of similarity in terms of markets and features.
  1. IG - Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand-US offers spread betting, CFD and forex trading across an almost unrivalled selection of 17,000+ markets, with a range of user-friendly platforms and investing apps. For 50 years, IG has maintained its position as an industry leader, excelling in all key areas for traders.
  2. Interactive Brokers - Interactive Brokers (IBKR) is a premier brokerage, providing access to 150 markets in 33 countries, along with a suite of comprehensive investment services. With over 40 years of experience, this Nasdaq-listed firm adheres to stringent regulations by the SEC, FCA, CIRO, and SFC, amongst others, and is one of the most trusted brokers for trading around the globe.
  3. FOREX.com - Founded in 1999, FOREX.com is now part of StoneX, a financial services organization serving over one million customers worldwide. Regulated in the US, UK, EU, Australia and beyond, the broker offers thousands of markets, not just forex, and provides excellent pricing on cutting-edge platforms.

Detailed Comparison

Alternatives to Plus500 2024
Feature Plus500 IG Interactive Brokers FOREX.com
4.1
4.7
4.3
4.5
Bonus Active Trader Program With A 15% Reduction In Costs
Instruments CFDs on Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto CFDs, Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting Stocks, Options, Futures, Forex, Funds, Bonds, ETFs, Mutual Funds, CFDs, Cryptocurrencies Forex, Stocks, Futures, Futures Options
Demo Account Yes Yes Yes Yes
Minimum Deposit $100 $0 $0 $100
Payment Methods
  • Apple Pay
  • Credit Card
  • Debit Card
  • Mastercard
  • PayPal
  • Skrill
  • Trustly
  • Visa
  • Wire Transfer
  • Credit Card
  • Debit Card
  • Mastercard
  • PayPal
  • Visa
  • Wire Transfer
  • ACH Transfer
  • Automated Customer Account Transfer Service
  • Cheque
  • Debit Card
  • TransferWise
  • Wire Transfer
Debit Card, ACH Transfer, Wire Transfer
Minimum Trade Variable 0.01 Lots $100 0.01 Lots
Trading Platforms
  • WebTrader
  • App
  • Web
  • ProRealTime
  • L2 Dealer
  • MT4
  • TradingView
  • AutoChartist
  • TradingCentral
  • Trader Workstation (TWS)
  • IBKR Desktop
  • GlobalTrader
  • Mobile
  • Client Portal
  • AlgoTrader
  • OmniTrader
  • eSignal
  • TradingCentral
  • MT4
  • MT5
  • TradingView
  • eSignal
  • AutoChartist
  • TradingCentral
Regulator FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA FCA, ASIC, NFA, CFTC, DFSA, BaFin, MAS, FSCA, FINMA, CONSOB, AFM FCA, SEC, FINRA, CFTC, CBI, CIRO, SFC, MAS, MNB, FINMA, AFM NFA, CFTC
Margin Trading Yes Yes Yes Yes
Margin Rate 2.5% 1.55 - 2.59%
STP Account No No Yes Yes
ECN Account No No No Yes
DMA Account No Yes Yes Yes
MAM Account No No Yes No
PAMM Account No No No No
LAMM Account No No No No
Demat Account No No No No
AI / Machine Learning No No Yes Yes
Robo Advisor No Yes Yes No
Negative Balance Protection Yes Yes Yes Yes
Market Maker Yes Yes No No
P2P Trading No No No No
Spot Trading No Yes Yes Yes
Mobile Apps iOS, Android & Windows iOS & Android iOS & Android iOS & Android
Trading App

Plus500 have developed their mobile apps to match the WebTrader online platform . Secure and reliable, the app is among the best out there. Stop loss and limits are available, free alerts and a full range of markets and instruments are available. Visit the download page here.

IG offers a superb all-round trading app. One of the pioneers of mobile trading, the application has been developed and refined over many years, meaning it is now among the best trading apps. Quick response, user-friendly layout, access to full charting and a stable and reliable application. It also offers guaranteed stops – an important risk management tool not available on many apps we’ve tested.

The IBKR Mobile app, available on both iOS and Android devices, makes your phone a powerful gateway to your IBKR accounts, offering you the freedom to keep an eye on portfolios, initiate trades, and dive into real-time quotes and charts, all while managing your account activities on the fly. This app stands out for its intuitive design, making it especially welcoming for those just starting their trading journey, providing a smoother and more accessible experience than the more complex TWS platform.

Running alongside the MT4 and Web Trader platforms, the FOREX.com app offers full trading capabilities on a user-friendly, compact platform. Integrated news and analysis, plus real time trade alerts, are two mobile specific features that set this app above the crowd. Additionally, it beats out MT4 when it comes to mobile charting tools, with over 80 indicators and 11 chart types, not to mention a slicker design that we love.

Auto Trading No Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime Capitalise.ai & TWS API Expert Advisors (EAs) on MetaTrader
Copy Trading No No No No
Social Trading No No No No
Trade Signals Yes SMART Signals
VPS Hosting No Yes No Yes
Tournaments No No No No
Demo Competitions No No No No
Ethical Investing Yes Yes Yes No
Custodial Account No No No No
Guaranteed Stop Loss Yes Yes No No
Inactivity Fee $10 $12 $0 $15
Islamic Account Yes No No Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • AUD
  • ZAR
  • CZK
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • ZAR
  • SEK
  • DKK
  • CHF
  • HKD
  • SGD
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • INR
  • JPY
  • SEK
  • NOK
  • DKK
  • CHF
  • AED
  • HUF
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • CHF
  • PLN
Stock Exchanges
  • Australian Securities Exchange (ASX)
  • Borsa Italiana
  • CAC 40 Index France
  • DAX GER 40 Index
  • Deutsche Boerse
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hang Seng
  • IBEX 35
  • London Stock Exchange
  • Nasdaq
  • S&P 500
  • SIX Swiss Exchange
  • Australian Securities Exchange (ASX)
  • Bombay Stock Exchange
  • Borsa Italiana
  • Deutsche Boerse
  • Dow Jones
  • Euronext
  • Hong Kong Stock Exchange
  • IBEX 35
  • Japan Exchange Group
  • Korean Stock Exchange
  • London Stock Exchange
  • National Stock Exchange Of India
  • Russell 2000
  • S&P 500
  • Shanghai Stock Exchange
  • Shenzhen Stock Exchange
  • SIX Swiss Exchange
  • Tadawul
  • Taiwan Stock Exchange
  • Toronto Stock Exchange
  • Borsa Italiana
  • CAC 40 Index France
  • Chicago Mercantile Exchange
  • Euronext
  • IBEX 35
  • Japan Exchange Group
  • Korean Stock Exchange
  • London Metal Exchange
  • London Stock Exchange
  • Nasdaq
  • Nasdaq Nordic & Baltics
  • New York Stock Exchange
  • Russell 2000
  • Shenzhen Stock Exchange
  • Tadawul
  • Toronto Stock Exchange
  • Australian Securities Exchange (ASX)
  • Borsa Italiana
  • CAC 40 Index France
  • DAX GER 40 Index
  • Dow Jones
  • Euronext
  • FTSE UK Index
  • Hang Seng
  • Hong Kong Stock Exchange
  • IBEX 35
  • Japan Exchange Group
  • Nasdaq
  • S&P 500
  • SIX Swiss Exchange
Commodities
  • Aluminium
  • Cattle
  • Cocoa
  • Coffee
  • Copper
  • Corn
  • Cotton
  • Gasoline
  • Gold
  • Lean Hogs
  • Livestock
  • Oil
  • Palladium
  • Platinum
  • Silver
  • Soybeans
  • Sugar
  • Wheat
  • Aluminium
  • Cannabis
  • Cattle
  • Coffee
  • Copper
  • Gold
  • Iron
  • Lean Hogs
  • Lithium
  • Natural Gas
  • Nickel
  • Oil
  • Orange Juice
  • Palladium
  • Precious Metals
  • Silver
  • Soybeans
  • Steel
  • Sugar
  • Wheat
  • Aluminium
  • Gold
  • Lead
  • Lean Hogs
  • Natural Gas
  • Precious Metals
  • Soybeans
  • Zinc
  • Cattle
  • Coffee
  • Cotton
  • Gold
  • Lean Hogs
  • Livestock
  • Natural Gas
  • Oil
  • Orange Juice
  • Silver
  • Soybeans
  • Sugar
  • Wheat
CFD Trading Plus500 presents commission-free CFDs encompassing a vast array of markets, spanning currencies, stocks, indices, and commodities. You can engage in long or short positions on popular assets, benefiting from adaptable leverage without encountering any concealed fees. Due to the prohibition of CFDs in the US, Plus500 doesn’t facilitate CFD trading for US customers. However, the company does provide access to a new platform called TradeSniper, specifically tailored for trading futures, which is accessible to US traders. IG offers a huge selection of 17,000+ CFDs, providing more trading opportunities than most CFD brokers. Traders can go long or short on popular markets like stocks, currencies, commodities and cryptos, while custom price alerts and the IG Academy continue to enhance the trading experience. Over 8,000 CFDs are offered on a vast array of instruments, encompassing stocks, indices, forex, and commodities. Moreover, the TWS platform lends itself to seasoned day traders, offering a comprehensive selection of over 100 order types and algorithms, alongside premium market data sourced from reputable sources such as Reuters and Dow Jones. CFD trading not offered
Leverage 1:30 1:30 (Retail), 1:250 (Pro) 1:50 1:50
FTSE Spread Dynamic 1.0 0.005% (£1 Min) 1.0
GBPUSD Spread Dynamic 0.9 0.08-0.20 bps x trade value 1.3
Oil Spread Dynamic 2.8 0.25-0.85 2.5
Stocks Spread Dynamic 0.02 0.003 0.14
Forex Trading Plus500 provides forex trading through CFDs, featuring narrow spreads across an impressive selection of over 60 currency pairs. During testing, spreads came in as tight as 0.6 pips on the EUR/USD, which is notably lower than many alternatives. IG offers an above-average suite of 80+ currency pairs on its proprietary web platform, mobile app or MetaTrader 4, with more advanced charts and forex analysis tools available on the ProRealTime software. Forex spreads are competitive based on tests, starting from 0.1 pips on majors like the EUR/USD. IBKR presents an extensive range of over 100 major, minor, and exotic forex pairs, surpassing the offerings of nearly all leading alternatives, though not CMC Markets. Forex trading occurs over multiple platforms and boasts institutional-grade spreads starting from 0.1 pips and 20 complex order types, including brackets, scale, and one-cancels-all (OCA) orders. FOREX.com continues to uphold its stature as a premier FX broker, offering over 80 currency pairs and boasting some of the most competitive fees in the industry. With EUR/USD spreads dipping as low as 0.0 and $5 commission per $100k, it stands out. Moreover, its SMART Signals help to identify price behaviors across numerous major currency markets.
GBPUSD Spread Dynamic 0.9 0.08-0.20 bps x trade value 1.3
EURUSD Spread Dynamic 0.8 0.08-0.20 bps x trade value 1.2
EURGBP Spread Dynamic 0.9 0.08-0.20 bps x trade value 1.4
Assets 60+ 80+ 100+ 80+
Crypto Trading Investors can trade on rising and falling prices with CFDs on popular cryptos like Bitcoin. Plus500 also stands out for its crypto indices, which offer diversification opportunities by tracking a basket of leading digital currencies. Availability subject to regulation. IG's modest selection of 11 crypto CFDs trails top crypto brokers like Vantage which offers 40+ tokens. That said, it stands out with its crypto index, which tracks the value of the top 10 digital currencies by market cap and provides a holistic way to speculate on the value of the crypto market. IBKR lets you purchase and hold Bitcoin, Bitcoin Cash, Ethereum, and Litecoin at competitive commission rates and without needing a crypto wallet. Additionally, there is a range of other diverse assets to explore, such as crypto indices like the NYSE Bitcoin Index, as well as futures contracts like the BAKKT Bitcoin Futures. Crypto trading not offered
Crypto Spread Variable Variable 0.12%-0.18% BTC 1.4%, ETH 2%
Crypto Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • IOTA
  • NEO
  • EOS
  • XMR
  • BTC
  • BCH
  • LTC
  • ETH
  • ADA
  • DOT
  • DOGE
  • LINK
  • UNI
  • XLM
  • BTC
  • LTC
  • ETH
  • XRP
  • BTC
  • BCH
  • ETH
  • LTC
  • XRP
Crypto Lending No No No No
Crypto Mining No No No No
Crypto Staking No No No No
Crypto Auto Market Maker No No No No