Best Plus500 Alternatives

The best alternatives to Plus500 are Interactive Brokers, FOREX.com and eToro.

If you’re here, you’ve probably hit a snag with Plus500 and wondered if there’s something better out there. Maybe it’s the fees, the platform’s limitations or you just want to explore other options. Whatever the reason, you’re in luck – we’ve lined up a list of the best alternatives that bring their A-game where Plus500 might fall short. Let’s dive in and help you find your perfect trading platform match.

Quick Look at the Best Alternatives to Plus500

• Best for Trading Ideas: Public.com
• Best for CFD Trading: Vantage Markets
• Best for Forex Trading: FOREX.com
• Best for Global Market Access: Interactive Brokers
• Best for Social Trading: eToro
• Best for Active Traders: tastyfx
• Best for Advanced Tools: XTB
• Best for Copy Trading: AvaTrade
• Best for Scalping: Pepperstone
• Best for Professional Traders: Saxo
• Best for High Leverage: Octa
• Best for U.S. Investors: Charles Schwab

11 Best Plus500 Alternatives

There’s no need to settle for a trading platform that doesn’t meet your needs. Here’s a breakdown of some of the top choices that might just be the upgrade you’re looking for.

1. Best for Trading Ideas: Public.com

Public.com is a modern investment platform designed to make investing more accessible and engaging for both novice and experienced investors. The platform offers a wide range of investment products, including stocks, ETFs, cryptocurrencies, options and bonds, giving users a variety of ways to build diversified portfolios. One of Public's standout features is its emphasis on transparency and community, allowing users to share ideas, insights, and trades in a social-media-like feed, fostering a collaborative investing environment.

Unlike traditional brokerages, Public.com removes the complexities that can sometimes deter people from investing. With commission-free trading, the platform makes it affordable to invest in a broad range of assets, from individual stocks to crypto. Public is also known for its fractional share investing, which allows users to invest in high-priced stocks with just a few dollars, making even expensive stocks accessible to everyone.

Public's platform is built to encourage informed decision-making. They offer a variety of resources, including news, data and real-time market insights, to help users better understand their investments. The platform's Alpha feature analyzes assets in detail through an intuitive, natural-language interface to get real-time investing context. 

Why We Picked It: Benzinga editors prefer Public.com because the app and site make it easy for investors to build their portfolios, get educated and look into several different types of assets.

2. Best for CFD Trading: Vantage Markets

Vantage Markets is a versatile online broker offering access to over 1,000 CFD trading products, including forex, indices, stocks, and commodities. The platform supports popular tools like MetaTrader 4, MetaTrader 5, TradingView, and the Vantage App, providing traders with diverse, user-friendly options for both web and mobile trading. Vantage also offers educational resources through its Vantage Academy, where traders can access webinars, eBooks, and courses to deepen their market knowledge. Additionally, the platform provides promotional incentives, such as deposit bonuses and loyalty rewards, to enhance the trading experience for its users.

Why We Picked It: Vantage Markets stands out with its support for copy trading, allowing users to follow and replicate the strategies of experienced traders. Vantage Markets has built a reputation over 15 years for reliability and service, attracting a global clientele seeking flexible trading solutions. The platform's wide range of financial instruments and educational support make it a solid option for both novice and seasoned traders.

3. Best for Forex Trading: FOREX.com

As the name suggests, Forex.com is all about currency trading. It’s one of the leading platforms in the forex market, offering deep liquidity, robust charting tools and various order types. The platform is designed to cater to beginners and seasoned forex traders with features that help execute trades quickly and efficiently.

Why We Picked It: Forex.com’s reputation and focus on forex trading make it an excellent choice for those serious about diving into the currency markets.

4. Best for Global Market Access: Interactive Brokers

Interactive Brokers is a powerhouse in the trading world, offering access to over 150 markets in 33 countries. With competitive fees, low margins and advanced trading tools, it’s a go-to for serious investors. The platform supports a wide range of assets, including stocks, options, futures and currencies, making it ideal for traders who need flexibility and comprehensive market coverage.

Why We Picked It: Interactive Brokers stands out for its wide range of investment options and sophisticated tools. It’s a great choice for anyone who wants to go beyond the basics and trade globally.

5. Best for Social Trading: eToro

eToro is the king of social trading platforms, letting users copy the trades of top investors with just a few clicks. This platform is perfect for beginners and those who want to take a more hands-off approach while still learning the ropes from experienced traders. eToro offers access to various assets, including crypto, stocks and ETFs.

Why We Picked It: eToro’s unique social trading feature is perfect for those who want to learn by watching the pros in action or simply prefer to mirror successful strategies.

6. Best for Active Traders: tastyfx

While Plus500 caters to a more general audience with a focus on CFDs, tastyfx takes a more specialized approach, offering deep analytical tools, fast execution speeds, and a low-cost fee structure that appeals to high-volume traders. The platform’s intuitive design and educational resources, including live shows and tutorials, make it easy for both seasoned traders and ambitious newcomers to sharpen their skills.

Why We Picked It: tastyfx stands out for its niche focus on active and options traders, offering a combination of low commissions and powerful tools that cater to those who want more control over their trades. The platform’s extensive educational content and live trading support also make it a compelling alternative for traders who want a hands-on learning experience while executing sophisticated strategies.

7. Best for Advanced Tools: XTB

XTB is a solid choice for those who need powerful analysis tools and fast execution. It offers a wide range of markets including forex, indexes, commodities and cryptocurrencies. The platform is packed with advanced charting tools, technical indicators and even features a proprietary trading platform, xStation 5, which is incredibly user-friendly.

Why We Picked It: XTB excels at combining sophisticated trading tools with a sleek intuitive interface, making it a great alternative for experienced traders.

8. Best for Copy Trading: AvaTrade

AvaTrade offers both standard and copy trading, allowing users to replicate the strategies of successful traders. It also provides a wide array of educational resources and has a strong regulatory framework, making it a reliable choice for those looking for security and flexibility.

Why We Picked It: AvaTrade's dual appeal of standard and copy trading and strong educational offering make It a versatile platform for traders of all levels.

9. Best for Scalping: Pepperstone

Pepperstone is a highly regarded platform among scalpers and those who need lightning-fast trade execution. Known for its low spreads and multiple trading platforms (including MetaTrader and cTrader), Pepperstone is designed for those who prioritize speed and precision in their trades. Whether you’re into forex, commodities or indexes, this platform provides the tools and support needed to succeed in fast-paced trading environments.

Why We Picked It: Pepperstone’s ultrafast execution speed and tight spreads make it a standout for scalpers and day traders. Its flexibility in platform options and commitment to low-latency trading ensure you can react to market movements in real-time without any lag.

10. Best for Professional Traders: Saxo

Saxo Bank’s trading platform is one of the most comprehensive in the industry, offering a wide range of asset classes and sophisticated tools. With high-quality research, advanced trading features and excellent customer service, Saxo is tailored to professional traders who need more than just the basics.

Why We Picked It: Saxo’s premium features and tailored solutions for professionals set it apart from more beginner-focused platforms.

11. Best for High Leverage: Octa

OctaFX is favored for its high-leverage options, making it suitable for traders who want to maximize their exposure with smaller capital. The platform also offers low spreads and supports multiple trading platforms, including MetaTrader four and 5.

Why We Picked It: The high leverage and customizable platform options make Octa ideal for those who like to trade with an aggressive strategy.

12. Best for U.S. Investors: Charles Schwab

Charles Schwab offers an all-in-one solution with its robust trading platform, commission-free trades on U.S. stocks and ETFs and access to a wealth of research and tools. It’s an excellent pick for U.S.-based investors looking for a reliable broker with a solid track record.

Why We Picked It: Charles Schwab’s commitment to low costs, excellent research tools and strong customer service make it a standout choice for American traders.

Factors to Consider When Choosing the Best Plus500 Alternative

When choosing a new trading platform, there are several key factors you should consider:

• Regulation and Licensing: Ensure a reputable authority regulates the broker.
• Available Trading Instruments: Consider what assets you want to trade, such as forex, stocks or crypto.
• Trading Platforms and Mobile Apps: A user-friendly interface and a reliable app are essential for smooth trading.
• Fees and Spreads: Look at trading and non-trading fees to get the full picture.
• Leverage Options: Check the leverage levels available and how they align with your trading strategy.
• Minimum Deposit Requirements: Make sure the minimum deposit fits your budget.
• Account Types Offered: Different accounts cater to different levels of trading experience.
• Customer Support Quality: Look for brokers that offer responsive and helpful support.
• Educational Resources: Platforms with rich educational content can be invaluable, especially for beginners.

What Is Plus500?

Plus500 is an online trading platform offering CFDs on forex, commodities, indexes, stocks and cryptocurrencies. Known for its user-friendly interface and commission-free trading, it appeals mainly to beginners and casual traders.

Is Plus500 Worth It?

For traders who want an easy-to-use platform with a straightforward fee structure, Plus500 is a decent choice. It’s particularly suitable for:

• Beginner traders who want a simple interface.
• Casual traders who don’t need advanced tools.
• Commission-free trading enthusiasts who want to minimize costs.

Despite its advantages, Plus500 has some limitations:

• Limited educational resources, which can be a drawback for newbies.
• Restricted advanced tools, making it less ideal for experienced traders.
• Geographical restrictions that may limit access to certain markets.

Level Up Your Trading Game

Whether you're looking for lower fees, more assets or advanced trading tools, a platform out there is better suited to your needs than Plus500. Explore these alternatives and pick the one that aligns with your trading goals.

Frequently Asked Questions