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.
- Founded in 2002 in Poland, XTB now serves more than 1 million clients. The forex and CFD broker combines a heavily regulated trading environment with an extensive selection of assets and a commitment to trader satisfaction, featuring an intuitive in-house platform with superb tools to support aspiring day traders.CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69-80% 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
Detailed comparison
Compared broker Plus500 | Alternative #1 IG | Alternative #2 XTB | |
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| 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 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69-80% 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 |
| Promotions | – | – | |
| 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 on shares, Indices, ETFs, Raw Materials, Forex currencies, cryptocurrencies, Real shares, Real ETFs |
| Demo Account | Yes | Yes | Yes |
| Minimum Deposit | $100 | $0 | $0 |
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| Payment methods include Visa, Wire Transfer, Paypal, Debit / Credit Card and Skrill but vary based on the country of registration. |
| Minimum Trade | Variable | 0.01 Lots | 0.01 Lots |
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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, KNF, DFSA, FSC, SCA, CMF, Bappebti |
| Margin Trading | Yes | Yes | Yes |
| Margin Rate | 2.5% | 1.0% – 1.5% for Forex, 3.0% – 3.4% for Shares, Indices, and Commodities | 4.5% |
| 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 | No |
| 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. | Year after year XTB's app stands out for its slick design and uncluttered interface that we love. It’s quick, responsive and packed with useful features, notably integrated sentiment data, market news, economic calendars and education. The user-friendly order panel underneath the trading chart also makes placing trades, including adding take profit and stop loss levels, really straightforward. |
| Auto Trading | No | Expert Advisors (EAs) on MetaTrader, build your own on ProRealTime | – |
| Copy Trading | No | No | No |
| Social Trading | No | No | No |
| Trade Signals | – | Yes | No |
| 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 per month after 365 days |
| 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. | XTB offers a huge selection of CFDs spanning forex, indices, commodities, stocks, ETFs, and cryptos (location-dependent). Leverage up to 1:30 is available in the EU and UK, while global clients and pro traders can access up to 1:500. XTB stands out for its CFD trading resources and tutorials to assist traders in developing short-term trading strategies. |
| Leverage | Yes | 1:30 (Retail), 1:250 (Pro) | 1:500 |
| FTSE Spread | 2.0 | 1.0 | 1.8 |
| GBPUSD Spread | 1.3 | 0.9 | 1.4 |
| Oil Spread | 0.06 | 2.8 | 0.03 |
| Stocks Spread | 1.28 (Apple) | 0.02 | 0.2% |
| 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. | XTB provides access to 70+ currency pairs with low spreads averaging around 1 pip on majors. The xStation platform offers an intuitive environment for forex traders with an excellent charting package encompassing 30+ indicators, plus a range of order types, catering to various strategies and risk management techniques. |
| GBPUSD Spread | 1.3 | 0.9 | 1.4 |
| EURUSD Spread | 0.6 | 0.86 | 1.0 |
| EURGBP Spread | 1.5 | 0.9 | 1.4 |
| Assets | 60+ | 80+ | 70+ |
| 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. | XTB offers an excellent selection of cryptos with more than 50 digital currencies. Spreads are tight starting from 0.22% on BTC and leverage reaches 1:5. The xStation platform also provides intra-crypto pairs like ETH/BTC and DSH/BTC. With the capability to trade cryptos 24/7, XTB ensures a secure environment with transparent accounts for cryptocurrency day trading. |
| Crypto Spread | Variable | Variable | 0.22% |
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| Crypto Lending | No | No | No |
| Crypto Mining | No | No | No |
| Crypto Staking | No | No | No |
| 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 CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69-80% 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 |