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 2 alternatives to Plus500
These brokers are the best alternatives to Plus500 that also accept traders from your location. They are listed in order of similarity in terms of markets and features.
- Founded in 1974, IG is part of IG Group Holdings Plc, a publicly traded (LSE: IGG) brokerage. The brand offers a top-tier 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.Spread bets and 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 spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
- eToro is a top-rated multi-asset platform which offers trading services in thousands of CFDs, stocks and cryptoassets. Launched in 2007, the brand has millions of active traders globally and is authorized by tier one regulators, including the FCA and CySEC. The brand is particularly popular for its comprehensive social trading platform. Crypto investments are risky and may not suit retail investors. You could lose your entire investment. Understand the risks here. 61% of retail CFD accounts lose money.61% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
Detailed comparison
Compared broker Plus500 | Alternative #1 IG | Alternative #2 eToro | |
|---|---|---|---|
| Visit broker | VisitReview 81% of retail CFD accounts lose money. | VisitReview Spread bets and 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 spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. | VisitReview 61% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. |
| Promotions | – | – | |
| Bonus | – | – | Get A Free Stock Worth $50 |
| Instruments | CFDs on Forex, Stocks, Indices, Commodities, ETFs, Options, Crypto | CFDs (not in US), Forex, Stocks, Indices, Commodities, ETFs, Futures, Options, Crypto, Spread Betting (UK only) | CFDs, Forex, Stocks, Indices, ETFs, Smart Portfolios, Commodities, Futures, Crypto, NFTs |
| Demo Account | Yes | Yes | Yes |
| Minimum Deposit | $100 | $0 | $50 |
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| Minimum Trade | Variable | 0.01 Lots | $10 |
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| Regulator | FCA, CySEC, EFSA, ASIC, FMA, FSCA, MAS, ISA, FSA, DFSA, SCA, JFSA, SCB, CIRO, BAPPEBTI, OJK, BI | CFTC, NFA, FCA, BaFin, ASIC, FINMA, MAS, JFSA, FMA, DFSA, BMA, CONSOB | FCA, CySEC, MiCA, MFSA, FSRA, ASIC, FSAS, MAS, GFSC |
| Margin Trading | Yes | Yes | Yes |
| Margin Rate | 2.5% | 1.0% – 1.5% for Forex, 3.0% – 3.4% for Shares, Indices, and Commodities | 6.40% |
| STP Account | No | No | Yes |
| ECN Account | No | No | No |
| DMA Account | No | Yes | No |
| MAM Account | No | No | No |
| PAMM Account | No | No | No |
| LAMM Account | No | No | No |
| Demat Account | No | No | No |
| AI / Machine Learning | Yes | Yes | Yes |
| Robo Advisor | No | Yes | No |
| Negative Balance Protection | Yes | Yes | Yes |
| Market Maker | Yes | Yes | Yes |
| P2P Trading | No | No | No |
| Spot Trading | No | Yes | Yes |
| Mobile Apps | iOS, Android & Windows | 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. | eToro bring their social trading platform to your mobile, enabling you to copy trades, manage your account and invest via Android or iOS. Trade the key forex pairs from the palm of your hand. |
| Auto Trading | No | Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime | Automate your trades via CopyTrader - follow profitable traders. Open and close trades automatically when they do. |
| Copy Trading | No | No | Yes |
| Copy Trading Platform | – | – | eToro continues to deliver one of the best proprietary copy trading platforms on the market, at no additional cost for eToro clients. The web-based platform features a user-friendly and interactive layout and also comes with a community chat, making it a stand-out choice for beginners. The latest 'Live Trades' feature also offers real-time insights into the securities being bought by the platform's popular investors. |
| Social Trading | No | No | Yes |
| Trade Signals | – | Yes | Yes |
| VPS Hosting | No | Yes | No |
| Tournaments | No | No | No |
| Demo Competitions | No | No | No |
| Ethical Investing | Yes | Yes | Yes |
| Custodial Account | No | No | No |
| Guaranteed Stop Loss | Yes | Yes | No |
| Inactivity Fee | $10 | $12 | $10 |
| Islamic Account | Yes | No | Yes |
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| CFD Trading | |||
| Overview | 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. | 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. | You can trade CFDs on over 3,000 assets and access rich market data through the integrated TradingView charts. There are also comprehensive free learning tools available for beginners via the eToro Academy, including dedicated CFD trading courses and guides. |
| Leverage | Yes | 1:30 (Retail), 1:250 (Pro) | 1:30 EU |
| FTSE Spread | 2.0 | 1.0 | 1.5 |
| GBPUSD Spread | 1.3 | 0.9 | 1.9 |
| Oil Spread | 0.06 | 2.8 | 0.05 |
| Stocks Spread | 1.28 (Apple) | 0.02 | 0.57 (Apple) |
| Forex Trading | |||
| Overview | 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. | An above-average selection of 55 currencies are available with reasonable spreads averaging 1.0 pips on EUR/USD during peak hours. Aspiring traders can continuously hone their forex strategies by switching between demo mode and their live account any time, with full access to the broker's 100+ technical indicators. |
| GBPUSD Spread | 1.3 | 0.9 | 1.9 |
| EURUSD Spread | 0.6 | 0.86 | 1.0 |
| EURGBP Spread | 1.5 | 0.9 | 1.3 |
| Assets | 60+ | 80+ | 55 |
| Crypto Trading | |||
| Overview | 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 offers a growing selection of over 100 crypto CFDs and digital assets for buying, selling and storing. It also 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. Its crypto offering was also bolstered in the UK after it secured a digital asset license from the FCA, providing trading and investing on popular crypto coins in a regulated setting. It has also expanded its spot crypto offering to Australia, France, and Singapore. | eToro leads the way in cryptocurrency trading, offering competitive spreads and a fixed 1% commission, plus their own wallet service. The broker offers a vast list of 100+ tokens which is continually being updated, including 29 new tokens in April 2025, from AI to memecoins. It also brought in crypto staking in 2025, allowing users to earn rewards for HODLing digital assets. Crypto investments are risky and may not suit retail investors. You could lose your entire investment. Understand the risks here. |
| Crypto Spread | Variable | Variable | BTC 1% |
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| Crypto Lending | No | No | No |
| Crypto Mining | No | No | No |
| Crypto Staking | No | No | Yes |
| Crypto Auto Market Maker | No | No | No |
| Visit broker | VisitReview 81% of retail CFD accounts lose money. | VisitReview Spread bets and 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 spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. | VisitReview 61% of retail investor accounts lose money when trading with this provider. eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. |