Best Plus500 Alternatives in 2026
Discover the 7 best Plus500 alternatives in 2026. Compare Forex and CFD brokers by fees, trading platforms, regulation, and available markets.
- Plus500 is trusted. Tested via live trading.
We rigorously test brokers on real accounts and evaluate them using our methodology. Here are the brokers based on our analysis:
- 1AvaTrade
broker
- A wide selection of financial assets.
- Innovative trading platforms.
- Highly rated educational resources.
VisitTrading CFDs carries high risks. You may lose all invested funds
- 2
- A social network for traders.
- Good selection of trading instruments.
- Fractional shares purchasing.
VisitTrading CFDs carries high risks. You may lose all invested funds
- 3
- Regulated by several leading financial authorities.
- Variety of methods to deposit funds.
- Wide range of trading assets.
Visit69-80% of retail investors lose money when trading CFDs with this broker
- 4
- Zero commissions on stocks and ETFs.
- Low minimum deposit.
- Convenient and easy-to-use platform.
Visit72% of retail investors lose money when trading CFDs with this broker
- 5
- Various trading platforms.
- A diverse range of available markets and products.
- Multiple analytics tools.
Visit76% of retail investors lose money when trading CFDs with this broker
- 6
- Wide selection of trading platforms.
- Tight spreads and favourable trading conditions.
- Numerous regulatory licenses.
Visit81.7% of retail investors lose money when trading CFDs with this broker
- 7
- Wide range of trading assets.
- Extensive educational resources.
- Tight spreads on the Ultra Low account.
VisitTrading CFDs carries high risks. You may lose all invested funds
- Visit
AvaTradebroker
A wide selection of financial assets.Innovative trading platforms.Highly rated educational resources.Trading CFDs carries high risks. You may lose all invested funds
- Visit
eToroA social network for traders.
A social network for traders.Good selection of trading instruments.Fractional shares purchasing.Trading CFDs carries high risks. You may lose all invested funds
- Visit
XTBRegulated by several leading financial authorities.
Regulated by several leading financial authorities.Variety of methods to deposit funds.Wide range of trading assets.69-80% of retail investors lose money when trading CFDs with this broker
- Visit
Trading 212Zero commissions on stocks and ETFs.
Zero commissions on stocks and ETFs.Low minimum deposit.Convenient and easy-to-use platform.72% of retail investors lose money when trading CFDs with this broker
- Visit
FxProVarious trading platforms.
Various trading platforms.A diverse range of available markets and products.Multiple analytics tools.76% of retail investors lose money when trading CFDs with this broker
- Visit
PepperstoneWide selection of trading platforms.
Wide selection of trading platforms.Tight spreads and favourable trading conditions.Numerous regulatory licenses.81.7% of retail investors lose money when trading CFDs with this broker
- Visit
XMWide range of trading assets.
Wide range of trading assets.Extensive educational resources.Tight spreads on the Ultra Low account.Trading CFDs carries high risks. You may lose all invested funds
Looking for an alternative to Plus500? While Plus500 offers a user-friendly platform and access to a wide range of CFD markets, traders seeking MetaTrader, automated trading, copy trading, or direct stock investing may find better options elsewhere.
AvaTrade is our top overall Plus500 alternative, offering multiple trading platforms and a broad selection of instruments. eToro stands out for social and copy trading, while XTB appeals to traders interested in both CFDs and long-term investing.
Best Plus500 Alternatives in 2026
We selected seven alternatives to Plus500 based on trading costs, platform functionality, regulation, available markets, and account features. Each broker offers distinct advantages for different trading and investment strategies.
Plus500 vs Alternatives: Broker Comparison
Compare Plus500 with alternatives
Choose up to two alternatives from the editorial selection. The reference broker always stays in the comparison.
Only matching known values are hidden. Rows with incomplete data stay visible.
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Showing 9 of 9 parametersShowing 9 of 9 parameters
| Broker |  Plus500Reference broker |  AvaTrade |  eToro |
|---|---|---|---|
| Broker at a glance | Plus500 is a robust choice for seasoned traders who appreciate a variety of trading CFDs and advanced analytical capabilities. | AvaTrade is suitable for traders who value various instruments, copy trading services, and a user-friendly mobile version of trading platforms. | eToro may be suitable for beginners looking for a simple platform and interested in copying the trades of successful traders. |
| Rating | 4.3/5 | 4.7/5 | 3.8/5 |
| Foundation Year | 2008 | 2006 | 2006 |
| Regulated in Countries | Cyprus, United Kingdom, Australia, Seychelles, Estonia, Singapore, United States | Ireland, British Virgin Islands, Australia, South Africa, Japan, United Arab Emirates, Israel, Canada | Seychelles, United Kingdom, Cyprus, Australia, United States |
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| Spread | from 0.6 points | from 0.6 points | from 1 points |
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| Register | Register81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | RegisterTrading CFDs carries high risks. You may lose all invested funds | RegisterTrading CFDs carries high risks. You may lose all invested funds |
Compare Plus500 with two alternatives using the interactive tool above. You can explore differences in trading conditions, platforms, and broker features to determine which option best suits your needs.
1. AvaTrade
AvaTrade is ideal for traders looking for various trading tools and a high level of investment protection. Beginners will be comfortable with the intuitive interface of the AvaTradeGO mobile platform, while experienced traders will appreciate the depth of MetaTrader's customization and analytical tools. However, traders who need access to STP or ECN accounts should pay attention to other brokerage companies.
Pros and Cons of AvaTrade
Pros
- A wide selection of financial assets.
- Innovative trading platforms.
- Highly rated educational resources.
Cons
- Limited trading account options.
- Account inactivity fee.
2. eToro
eToro stands out from other brokers due to its unique combination of trading services and social features, making it particularly attractive to traders interested in innovative approaches to investing. Narrow spreads and the ability to buy securities in fractions simplify access to different assets, while the social network allows users to share strategies and copy trades of successful traders, which is a big plus for beginners and those looking for new investment ideas. The simple and intuitive interface makes the platform accessible even for those who are just starting their trading journey.
eToro is best suited for beginner traders who are looking to capitalize on the social aspects of trading and do not require complex individual trading account settings. The platform is also ideal for those looking for an active community to share ideas and strategies.
Pros and Cons of eToro
Pros
- A social network for traders.
- Good selection of trading instruments.
- Fractional shares purchasing.
- Narrow spreads.
Cons
- Only one trading account is available.
- eToro has its own trading platform, but there is no alternative to it.
- Poor customer support performance.
- Delays and hidden fees during fund withdrawal.
3. XTB
XTB is a highly regulated broker with licenses from leading bodies such as the FCA, reinforcing its reliability and transparency. This broker offers a wide range of trading products, including currencies, indices, commodities, stocks, and cryptocurrencies, making it a flexible choice for traders of different levels and interests. Various deposit options and advanced analytical support further enhance its appeal against competitors.
XTB suits traders who value regulation and security, those looking for various trading tools, and those who want access to extensive analytical resources. The broker will especially suit active traders who maximize low spreads and product diversity.
Pros and Cons of XTB
Pros
- Regulated by several leading financial authorities.
- Variety of methods to deposit funds.
- Wide range of trading assets.
- Extensive analytical tools and resources.
Cons
- Withdrawal methods are limited.
- Lack of educational materials.
4. Trading 212
Trading 212 is a convenient and modern broker primarily aimed at retail investors and beginner traders. The platform combines ease of use, a low entry threshold, and zero commissions on stocks and ETFs, making it attractive for long-term investing and gradual portfolio building.
The broker is best suited for:
- beginner investors
- users with limited capital
- those who invest in stocks and ETFs
- traders who value a simple interface
Trading 212 is less suitable for active traders and professionals who need tight spreads, advanced platforms (MetaTrader, cTrader), and a wider selection of derivatives.
Pros and Cons of Trading 212
Pros
- Zero commissions on stocks and ETFs.
- Low minimum deposit.
- Convenient and easy-to-use platform.
- Fractional shares.
- No deposit and withdrawal fees.
- Regulation in leading financial jurisdictions.
Cons
- Wide spreads on CFDs.
- No MetaTrader or cTrader.
- Limited analytics.
- No live chat or phone support.
- Currency conversion fee.
5. FxPro
FxPro provides a comprehensive range of services and tools for traders. With its variety of trading accounts, platforms, and available markets, it is well-suited to meet the needs of different traders. This broker suits traders looking for a wide selection of markets, diverse platforms, and analytical tools. It is also apt for beginner traders, thanks to the educational materials and experienced traders who value flexible trading conditions.
Pros and Cons of FxPro
Pros
- Various trading platforms.
- A diverse range of available markets and products.
- Multiple analytics tools.
- Extensive educational materials.
Cons
- An inactivity fee.
- Absence of cent accounts and services for copying trades.
6. Pepperstone
Pepperstone is a significant and reliable broker that offers a broad range of trading instruments and attractive trading conditions. With regulation by serious authorities, clients can be confident in the security of their funds.
The broker is suitable for various types of traders. Beginners will find extensive educational materials, including trading guides, webinars, instructional videos, and Forex trading courses. Experienced traders will also appreciate Pepperstone's opportunities, including favorable trading conditions, various trading platforms, and access to complex trading instruments.
The broker's technical support operates at a high level, offering clients quick and efficient responses to any questions.
Pepperstone is an excellent choice for traders of all experience levels. With a unique combination of educational materials, trading tools, and high-quality customer service, this broker ensures excellent conditions for successful trading.
Pros and Cons of Pepperstone
Pros
- Wide selection of trading platforms.
- Tight spreads and favourable trading conditions.
- Numerous regulatory licenses.
- A large number of trading assets.
Cons
- Lack of diversity in types of trading accounts.
7. XM
XM broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, XM is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing.
Pros and Cons of XM
Pros
- Wide range of trading assets.
- Extensive educational resources.
- Tight spreads on the Ultra Low account.
- Many analytical materials.
- Commission-free deposits and withdrawals.
Cons
- Inactivity fee.
- Standard account has a higher spread than the market average.
Why Look for an Alternative to Plus500?
Plus500 is a well-established CFD broker, but its trading environment may not suit everyone. The main reasons to consider an alternative include platform limitations, different pricing structures, and the availability of investment products.
Trading Platforms and Automation
Plus500 relies on its proprietary trading platform and does not offer MetaTrader 4, MetaTrader 5, or cTrader.
Traders who need Expert Advisors, custom indicators, or automated strategies may prefer AvaTrade, FxPro, Pepperstone, or XM, which support MetaTrader platforms. FxPro and Pepperstone also offer cTrader.
Trading Fees and Spreads
Plus500 primarily uses spread-based pricing, although overnight financing, currency conversion, and inactivity charges may also apply.
Some alternatives, particularly Pepperstone and FxPro, offer account types with raw spreads and separate trading commissions. These structures may appeal to active Forex traders, depending on their trading volume and instruments.
Available Markets and Account Types
Plus500 mainly focuses on CFD trading through its CFD platform. Meanwhile, several alternatives offer additional ways to access financial markets.
For example, Trading 212 provides Invest accounts for purchasing real stocks and ETFs, while eToro and XTB combine investment products with CFD trading in supported jurisdictions.
AvaTrade also offers specialised trading platforms, including AvaOptions, for eligible clients interested in options trading.
Regulation and Regional Availability
Plus500 and the brokers in our selection operate through different regulated entities depending on the country.
However, trading conditions, available instruments, leverage limits, and investor protections vary by jurisdiction. Always verify which legal entity serves your country before opening an account.
Plus500 vs Alternatives: Which Has Better Trading Costs?
The cheapest alternative to Plus500 depends on your trading strategy.
Plus500 generally incorporates its dealing costs into the spread. Some competitors use a similar model, while others offer tighter raw spreads with additional commissions.
For example, Pepperstone's Razor account and certain FxPro accounts may be worth comparing for frequent Forex trading. However, advertised minimum spreads do not necessarily reflect typical trading costs.
When comparing Plus500 with its alternatives, consider:
- Spreads and commissions: The total cost of opening and closing a trade.
- Overnight financing: Particularly important for positions held for several days.
- Currency conversion: Relevant when trading instruments denominated in another currency.
- Non-trading fees: Including inactivity and withdrawal charges where applicable.
For stock investors, compare the cost of purchasing real shares and ETFs separately from CFD trading fees.
How to Choose the Best Plus500 Alternative
The best replacement for Plus500 depends on the markets you trade and the tools you need.
For Beginners
AvaTrade and XM are worth considering for their educational resources, demo accounts, and accessible trading platforms. AvaTrade offers several platform choices, while XM provides MetaTrader-based trading and educational materials.
For Active Forex Traders
Pepperstone and FxPro may appeal to active traders seeking different account structures, competitive pricing, and advanced trading platforms.
Compare spreads and commissions on the instruments you trade most frequently.
For Algorithmic Traders
FxPro, Pepperstone, and AvaTrade support MetaTrader platforms that allow automated strategies using Expert Advisors. FxPro and Pepperstone also provide cTrader-based trading environments.
For CFD and Multi-Asset Traders
AvaTrade and XTB offer access to multiple financial markets. Meanwhile, eToro and Trading 212 may be more attractive to users interested in combining trading with investments in stocks and ETFs.
Remember that owning an underlying asset and trading its CFD are fundamentally different activities.
Is Plus500 Still Worth Using?
Plus500 remains a reasonable choice for traders who prefer a straightforward proprietary platform and mainly trade CFDs manually.
However, traders looking for MetaTrader, automated trading, or more flexible account structures may find alternatives better suited to their strategies.
AvaTrade is our preferred overall alternative to Plus500, combining platform variety, educational resources, and a broad range of trading instruments.
For specific needs, eToro stands out for copy trading, Trading 212 for stock and ETF investing, and Pepperstone or FxPro for active Forex trading.
How We Selected the Best Plus500 Alternatives
We evaluated these brokers using the IamForexTrader review methodology, considering reliability and regulation, trading costs, account types, available markets, platforms, and customer support.
Unlike a general broker ranking, this selection focuses on features that distinguish each alternative from Plus500.
The ranking is intended for an international audience. Broker availability and trading conditions may differ depending on your country of residence.
Frequently Asked Questions
What is the best alternative to Plus500?
AvaTrade is our top overall Plus500 alternative thanks to its selection of trading platforms, diverse instruments, and educational resources. Other strong options include eToro, XTB, Pepperstone, and FxPro.
Which Plus500 alternative has lower fees?
Pepperstone and FxPro offer account types with raw spreads and separate commissions that may benefit active Forex traders. However, total trading costs depend on the instrument, account type, and trading frequency.
Which brokers offer better trading platforms than Plus500?
AvaTrade, Pepperstone, FxPro, and XM offer MetaTrader platforms, providing more flexibility for automated trading and custom indicators. Pepperstone and FxPro also support cTrader.
Which Plus500 alternatives are regulated?
All seven alternatives in our selection operate through regulated entities in one or more jurisdictions. However, the applicable regulator and investor protections depend on the entity serving your country.
Is AvaTrade better than Plus500?
AvaTrade may be a better choice for traders seeking MetaTrader, automated trading, or a broader range of platform options. Plus500 may be preferable for those who value a simple proprietary CFD trading interface.
Can I transfer my account from Plus500 to another broker?
You can open an account with another broker and transfer available funds after withdrawal, but open CFD positions generally cannot be transferred directly. You would typically need to close existing positions before opening new ones elsewhere.
