Best Plus500 Alternatives

Plus500 is a prominent and trustworthy global broker that offers a selection of CFD instruments and easy-to-use trading platforms. The broker was founded in 2008, and the UK Financial Conduct Authority authorizes and regulates its activities. Currently, it is the main sponsor of football club Atletico Madrid. Interestingly, you can trade with Plus500 through multiple devices, including iOS, Android, iPads, iPhones and Windows PC.

Plus500 is a competitive broker as it has multiple regulations throughout the world with over 2500 CFDs. In addition, it allows commission-free trading with simple to use proprietary trading platform. To understand the uniqueness of Plus500, you need to read the detailed Plus500 review even though there are several Plus500 alternatives. Here you can look at why we have chosen such brokers as an alternative to Plus500.

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Plus500 Low Spread Alternatives

Most of its revenues are derived through trading costs, including spread charges on more than 2,000 assets. It offers traders competitive spreads on some assets. There is no fixed spread for its assets as most of these financial instrument comes with a tight spread.

The average spread for EUR/USD is 0.8 pips. Nevertheless, there are other brokers that offer better spread with a competitive commission. You can check the Top 10 lowest spread forex brokers to determine if Plus500 provides a better option.

Plus500 Copy Trading Alternatives

For CFDs and forex traders, copy trading is an important feature to consider. While several brokers’ offers copy trading features, we discovered that Plus500 doesn’t offer copy trading features. If you want to find the top 10 copy trading best platforms, you need to read through the detailed research.

Plus500 Algo-Trading Alternatives

If you want Plus500 Algo-trading alternatives, there are several brokers to consider. You can check our top 10 automated trading forex brokers that offer traders similar features as

Choosing Plus500 Alternatives: main perks and characteristics
Plus500 is a market maker broker, meaning its primary role is to create the liquidity needed in the market for traders. Liquidity is essential in the forex market as well as another market. Plus500 offers more than 2,000 tradable assets with spreads on forex pairs starting from 0.6 pips on major pairs. However, other assets might have higher spreads but come with a “trader points” feature. This feature is not available for traders within Europe.

To entice new traders, it offers an unlimited demo account where beginners can stimulate the market pending when they want to start trading live. In addition, it provides an intuitive and user-friendly trading platform with risk management practices. You can look at our comprehensive Plus500 review for more information on its main perks and characteristics.

What is Plus500 missing?

Notwithstanding the several features of Plus500, there are certain things we found missing in the broker. You can check the top 10 best forex brokers to know how we came about this. However, here are the things we found missing in Plus500.

• Plus500 is not available in the USA
• You cannot use Plus500 to trade in Canada
• It doesn’t offer an MT4 trading platform
• There is no MT5 trading platform
• Plus500 doesn’t provide a cTrader trading platform
• There is no Islamic Account

Plus500 Alternatives Comparison

WARNING

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs.
You should consider whether you can afford to take the high risk of losing your money

Plus500 Alternatives FAQ

What is Plus500’s best alternative?

eToro is the best alternative to Plus500. Down to specific matters, XM and IC Markets are the best for low spread; IC Markets is best for Algo-trading as well. As for copy trading, eToro takes the lead.

Can you trust Plus500?

Yes. Plus500 is very safe and well-regulated by 4 top-tier regulatory bodies. These are the FCA, CySEC, Australia, and MAS (Singapore). This type of regulation is trusted worldwide and helps Plus500 stand out as a very safe broker.

Which is better, eToro or Plus500?

They are both regulated by some of the most respected regulatory bodies. Both have a proprietary platform. Plus500 has more assets at a lower cost while eToro provides social copy features and real stocks. It depends on what your needs as a trader are.

Which is better, Trading 212 or Plus500?

They are both trustworthy and regulated market maker brokers with a top-notch proprietary platform. Trading 212 offers CFDs and real assets, while Plus500 only offers CFD assets. So if you’re looking for real assets to trade, Trading 212 is a better option.