Plus500 alternatives

Disclaimer: 62% of retail investor accounts lose money when trading cfds with this provider.

Huge forex bonuses

You should consider whether you can afford to take the high risk of losing your money. If you've tried trading on your own and ended up losing money, then I would recommend giving copytrading a try.

The best plus500 alternatives in 2019

Are you looking for the best alternatives to plus500? I don't think plus500 is a great platform. And I think it's a really bad platform for newer traders.

If you've lost money on plus500 or you're just looking for a better trading platform, read on to find out my top picks.

The best plus500 alternative: etoro

In my opinion etoro is the best alternative to plus500. Here are some of the reasons why I think you should be trading there and not using plus500.

Copy trading

Etoro has a really neat feature called copytrading.. Instead of making trades on your own, you can automatically copy the trades made by more experienced and profitable traders. So if a trader makes a 20% return over the year, your account will make that same 20% return. That's because everytime they make a trade, your account will make the same trade.

If you've tried trading on your own and ended up losing money, then I would recommend giving copytrading a try.

Disclaimer: 62% 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.

Huge range of markets to trade

You can trade pretty much everything on etoro that you can also find on plus500. That means you can trade stocks, forex, commodities, cryptos and more. Plus etoro has dedicated sections for etfs and they even have managed copyportfolios which are made up of themed stocks like gaming, cannabis and CRISPR.

Trade without leverage

The number one reason you've probably lost money on plus500 is you've been trading with leverage. Leverage is a powerful tool, but I never recommend it for newer traders. On etoro it's possible to change the amount of leverage you use on a trade by trade basis. Plus for certain assets, you can trade them without leverage. On plus500 you can't change the leverage. This means that your losses will be amplified. I often trade on etoro without using any leverage. For example when I trade cryptocurrencies or stocks, I use 1x leverage (i.E no leverage) which means I can keep the positions open for longer term gains without having to pay any fees.

Disclaimer: 62% 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.

A metatrader alternative

If you're looking to trade using metatrader instead of plus500's web trader interface than I would recommend XM. They are a forex broker which uses that platform. It's my top pick because they have tight spreads and you can start trading with a relatively small amount of capital. Personally I hate using MT4/5 but if it's what you're used to I can understand.

The best web trader alternative

If you want to continue trading using a web trading platform, but don't want to use plus500, then my pick would be etoro. In my opinion they have the best designed and most powerful web trading interface. They also have good charting tools – so you won't need to pay for a third party charting suite.

For buying cryptocurrency

If you're looking to buy some crypto and profit when the price rises, then you definitely shouldn't be using plus500. Plus500 is a trading platform where you can trade crypto. This is much more risky and difficult. If you're looking to buy crypto I would recommend signing up with coinbase.

On coinbase you own the crypto that you buy. You can send it to a wallet of your choice and just HODL it for future profits.

On plus500 you aren't trading real crypto. Instead you are trading a CFD. The CFD will have an expiry so if you don't make a profit before the expiry, your position will be closed out for a loss. If you're looking for crypto CFD trading without an expiry I would once again recommend etoro.

Disclaimer: etoro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading cfds.

Please note that cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% 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.

Past performance is not an indication of future results.

Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via cfds, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework.

The best alternatives to plus500

Plus500 is a popular forex and CFD trading platform. And while it may be perfectly suited for some people, for others it might not be the right place to trade.

Plus500 doesn't support MT4 (popular trading software), VPS or ECN accounts. It doesn't support copy trading and the spreads and fees might not be to your liking. So i've put together some different plus500 alternatives that I think suit different types of traders.

Plus500 targets beginners…but it shouldn't!

One of the big issues with plus500 is that it almost exclusively advertises itself to new traders who have no experience. And as a result, these people signup, deposit some money, make a few trades and go on to lose it. I hate when this happens.

Plus500 doesn't offer any features for newbies to help them become better traders. There are no copy trading or social trading features – which are perfect for beginners! And even though they offer educational material, sadly I doubt many people read them.

Etoro

Etoro is a copy trading platform. You can copy the trades made by other traders automatically. Copy trading is a great way to learn how to trade and etoro is the worlds largest copy trading platform with over 4 million traders.

So if you've tried trading on plus500 and just lost all your money – it's probably best to give copy trading a go. This way you're not having to make trading calls yourself. On etoro, you browse through the profiles of profitable traders, click a button to copy and now all their trades will be copied in your account.

So my pick for new traders looking for a good alternative to plus500 is etoro.

Easymarkets

Easymarkets (previously easy forex) is a pretty standard forex platform, but they have one interesting feature which I think makes them special – dealcancellation. This feature allows you to cancel a losing trade for free. Think of it as insurance for forex trading.

Easymarkets doesn't have the same range of markets to invest in as plus500 or etoro, but they have just begun offering crypto trading.

XM is the platform I recommend to people looking to trade using MT4 or MT5. Personally, I don't much like metatrader as I find the interface a bit clunky. But many traders love it. Plus500 doesn't offer metatrader so if you're looking for a platform that does, give XM a try.

They offer very competitive spreads and they certainly are targeted towards pro traders. If you feel like you've outgrown plus500, then XM could be the option for you.

So there you have it – 3 good platforms that offer vastly different products and all are a good alternative to plus500. Let me know what your favorite alternatives are in the comments.

Disclaimer: etoro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading cfds.

Past performance is not an indication of future results.

Plus500 alternatives

All reviews and top lists updated for 2021. Check out the annual brokerchooser awards.

The best alternatives to plus500 are

Let's see in a bit more detail how the plus500 alternatives compare to plus500 and each other:

Plus500 alternatives comparison

plus500	etoro	XTB	city index	markets.Com
overall score	4.3	4.7	4.6	4.6	4.3
fees score	2.9 stars	4.3 stars	3.7 stars	3.8 stars	2.4 stars
account opening score	5.0 stars	5.0 stars	5.0 stars	5.0 stars	5.0 stars
deposit and withdrawal score	5.0 stars	3.5 stars	4.5 stars	4.3 stars	4.5 stars
web platform score	4.4 stars	4.4 stars	4.4 stars	4.3 stars	3.8 stars
markets and products score	1.9 stars	3.8 stars	2.8 stars	2.0 stars	2.8 stars
open account 76.4% of retail CFD accounts lose money	open account 75% of retail CFD accounts lose money	open account 82% of retail CFD accounts lose money	open account 73% of retail CFD accounts lose money	open account 75.6% of retail CFD accounts lose money

Why are these brokers considered good alternatives to plus500? There are many areas based on which plus500 can be compared with others. When we say a given online broker is a good alternative to plus500 we mean these brokers are comparable in the following areas:

The products they offer, meaning you can buy mostly the same things, i.E. Stocks, cfds, options, etc.

The type of clients they target, i.E. Beginners, experienced investors, or day traders.

Plus500 alternatives recommendations

Brokers are different in a number of ways, which means each of them may be suitable for different people. Here's how they compare overall:

Plus500 is recommended for experienced traders looking for an easy-to-use platform and a great user experience

Etoro is recommended for traders interested in social trading (i.E. Copying other investors’ trades) & zero commission stock trading

XTB is recommended for forex and cfd traders looking for low fees and great deposit/withdrawal service

City index is recommended for forex and cfd traders looking for low forex fees and great research tools

Markets.Com is recommended for traders looking to venture into cfd trading

Important factors of finding plus500 alternatives

So far brokerchooser has reviewed 78 online brokers in detail, which gives this comparison a solid starting point.

Not only that, but all of these brokers are reviewed using the exact same broker review methodology, which makes everything easily comparable. For each broker, we

Open a live account

Check over 100 criteria, with weighting based on readers' preferences

Refresh data regularly

Whether plus500 or one of its alternatives is the best choice for you is on the following five broker characteristics that most interest people:

Fees. There are different types of fees that your online brokerage may charge, and both the number and the size of these fees may vary significantly from broker to broker. Both of these aspects can impact your returns and your overall experience. The amounts plus500 charges you are considered average. When picking an alternative, you could prioritize brokers that are cheaper than plus500.

Account opening. To open an account some brokers require at least €50,000 to be invested, while others don't set a minimum first-time deposit. The time it takes to open your account can be very different as well. At plus500 this is not a problem as you can have it ready on the same day you registered.

Deposit/withdrawal. The number of ways that you can deposit or withdraw money to or from your account matters a lot. For example, while you can make a deposit with a credit card at plus500, this might not be the case at its alternatives.

Web trading platform. While online brokers are usually available on various platforms like mobile apps, tablet apps or desktop software, most people use them through their web platform in a browser. User-friendly trading platforms that offer many different resources can significantly increase your trading comfort.

Markets and products. A lot of people have specific products they would like to invest in. Knowing whether stocks, forex, mutual funds, and other products are available at the given plus500 alternative is a must.

Now let's dive into the details of how plus500 and its alternatives perform in the most important areas!

10 best plus500 alternatives

No broker is perfect, and plus500 is no exception. While they do have a lot of pros, there are plenty of reasons why you might be looking for an alternative to plus500 :

Plus500 does not accept neteller (see neteller brokers here)

Plus500 does not allow scalping (see brokers for scalping here)

Plus500 does not allow hedging (see brokers for hedging here)

Plus500 does not offer micro accounts (see micro account brokers here)

Plus500 does not offer ECN accounts (see brokers with ECN accounts here)

Plus500 does not offer cryptocurrencies (see brokers that offer cryptocurrencies here )

Plus500 does not offer MT4 (see MT4 brokers here )

Plus500 does not offer MT5 (see MT5 brokers here )

Plus500 does not offer mac platform (see brokers for mac users here )

Plus500 does not offer spread betting accounts (see spread betting brokers here)

Whatever your reason, we’ve got you covered. We analyse over 150 brokers across 80+ factors, from the competitiveness of their spreads to the quality of their trade execution and regulation. Below are ten of the best plus500 alternatives.

Top alternative : etoro

A popular alternative to plus500 is etoro, a brokerage regulated by financial conduct authority, cysec, ASIC and over 12 years in business. Another strong alternative is avatrade, which is regulated by central bank of ireland, ASIC, FSA, FSB and BVI.

Here are some of the key reasons why traders choose etoro and avatrade over plus500 :

Plus500	etoro	avatrade
trust score	AA	AAA	AAA
regulator	financial conduct authority (FRN 509909) and cyprus securities and exchange commission (license no. 250/14). Plus500au pty ltd (ACN 153301681), licensed by: ASIC in australia, AFSL #417727, FMA in new zealand, FSP #486026; authorised financial services provider in south africa, FSP #47546	financial conduct authority, cysec, ASIC	central bank of ireland, ASIC, IIROC, FSA, FSB, UAE and BVI
min. Deposit	100	200	100
min. Trade	varies	$25	0.01 lot
platforms	web trader, tablet & mobile apps	web trader, tablet & mobile apps	MT4, mac, mirror trader, zulutrade, web trader, tablet & mobile apps

If you want to read more about etoro, we’ve put together an in-depth etoro review that explores their platform, spreads, and trading conditions in more detail.

If etoro isn’t quite right, we’ve also listed ten suitable plus500 alternatives below. You can click between the different instruments to compare each broker’s spreads for that instrument.

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 understand how cfds work and whether you can afford to take the high risk of losing your money.

You probably shouldn’t trade on plus500

Plus500 is one of the most popular CFD trading platforms in australia. It’s definitely the one I see most advertised online. But is it actually a good place to trade stocks and other assets? Here are some of the reasons why I don’t think its a good fit for most people and why you should look into a better alternative. If you’ve been thinking about signing up to plus500, make sure you read this first.

Plus500 is CFD trading and not real stocks

On plus500 you aren’t trading real stocks. Instead you’re trading cfds. These are basically just a contract that tracks the price of the underlying asset. While it will behave the same as a stock in terms of price, there are some additional risks.

The biggest risk on plus500 is leverage…

Plus500 leverage/margin

Trades on plus500 are leveraged. This means you’re using a smaller amount of capital to control a larger amount of an asset. This is risky. Trading with leverage, or margin means that you’re position could be liquidated if the price moves against you.

While leverage can be a powerful tool for professional traders – for amateurs it’s dangerous. It can also be really tricky to understand. Most people shouldn’t be margin trading. Leave that to the pros.

Contracts will close

When you buy a stock, you now own that stock. You can hold it for as long as you like. On plus500 your positions will close. Each contract you trade has an expiry. Your trade will close out automatically when the contract expires. If you’re currently down, you’ll lose money. You can’t hold onto the contract and hope the price will recover.

This means that plus500 isn’t good for long term investing.

Is plus500 good for long term investing?

No. Plus500 positions expire. Remember it’s a CFD, so when the contract expires the position will close. If the position is at a loss when the expiry hits you will lose money. When you own a stock it doesn’t expire. That means you can ride out market downturns for longer term investing strats.

Plus500 for crypto

You can trade crypto on plus500, but I also think its a bad place to do this. Remember on plus500 you’re just trading a contract. You aren’t actually buying the underlying asset. Because crypto is so volatile, I think its smarter to just buy and hold. Trading is just too risky.

Can you buy shares on plus500?

You can trade share cfds on plus500 but when you buy shares you don’t actually own them. You are just trading a contract. So if you’re looking to invest in shares for the long term, then plus500 is definitely not for you. Plus500 could be used for day trading, but that is much more complex and not for the average investor.

Is plus500 worth it?

I don’t think plus500 is worth it for most people. If you’re an experienced trader, then it might be a good platform for you. But if you’ve never traded before then I would highly recommend you look elsewhere.

Better plus500 alternatives

If you are looking to trade shares – then there are platforms that are better plus500 alternatives. If you’re just looking to buy and hold shares, then look for a broker or invest via micro-investing.

In my opinion etoro is a better alternative to plus500. Here’s why:

You can trade without leverage – this means you won’t be liquidated when markets are volatile. Trades work just like regular stock trades.

Real stocks – etoro has real stock trading for U.S listed stocks. That means when you buy shares like apple, you’re buying the underlying asset. Where on plus500 you are just trading a contract.

No holding fees – on non-leveraged positions, you aren’t charged any overnight or weekend fees.

No expiry – there are no expiry dates on stock contracts. This means you can buy a stock like apple, and hold onto it for months and profit from longer term gains

Copytrading – you can copy the trades made by more experienced traders.

You can find out more about etoro here.

Commsec vs plus500

Plus500 and commsec are very different platforms. On commsec when you buy shares you actually own them. On plus500 you are just trading contracts. So if you’re looking to buy ASX listed shares, then commsec would be a better option. For international shares I would recommend stake or etoro.

Other options:

On stake you can trade U.S listed stocks without commissions.

On IG you can trade cfds like plus500 but you can also trade real stocks.

Practice trading

If you are looking to start trading, then I recommend you start with a practice account. You can open a practice account on plus500. I recommend etoro as a good place to practice trade. Just because they have social features where you can interact with experienced traders.

If you’re looking to learn about trading, then easymarkets offers a pretty good education section including a full trading course.

Let me know in the comments what your experiences with plu500 have been. Have you managed to have success trading on plus500?

This post is for educational purposes and should not be considered as investment advice. This post is based on individual experience and journalistic research.

Some of the products we link to are affiliate links and we may receive a payment if you follow the link and choose to make a purchase or register with that site. This ensures that studentsavings can continue operating and remain free of charge for everyone

Plus500 alternativen: das sind die besseren brokers

Suchen sie nach den besten alternativen zu plus500? Ich glaube nicht, dass plus500 eine großartige plattform ist. Und ich glaube, es ist eine wirklich schlechte plattform für neuere händler.

Plus500 erlaubt kein scalping

Plus500 erlaubt keine absicherung

Plus500 bietet keine mikrokonten an

Plus500 bietet keine ECN-konten an

Plus500 bietet keine MT4

Plus500 bietet keine MT5

Plus500 bietet keine mac-plattform

Plus500 bietet keine spread-wettkonten

Wenn sie mit plus500 geld verloren haben oder einfach nur eine bessere handelsplattform suchen, lesen sie weiter, um meine top-auswahl zu erfahren.

Die beste plus500 alternative: etoro

Meiner meinung nach ist etoro die beste alternative zu plus500. Hier sind einige der gründe, warum sie meiner meinung nach dort handeln und plus500 nicht verwenden sollten.

Copy trading

Etoro hat eine wirklich nette funktion namens copytrading. Anstatt selbst handel zu betreiben, können sie automatisch die von erfahreneren und profitableren händlern getätigten trades kopieren. Wenn also ein händler über das jahr hinweg eine rendite von 20% erzielt, wird ihr konto die gleichen 20% rendite erzielen. Das liegt daran, dass ihr konto jedes mal, wenn er einen handel macht, denselben handel macht.

Wenn sie versucht haben, selbst zu handeln und dabei geld verloren haben, dann würde ich empfehlen, copytrading auszuprobieren.

Mehr über copytrading können sie hier erfahren.

Haftungsausschluss: 62% der konten von privatanlegern verlieren geld, wenn sie mit diesem anbieter cfds handeln. Sie sollten sich überlegen, ob sie es sich leisten können, das hohe risiko, ihr geld zu verlieren, zu übernehmen.

Top 3 coins für riesigen ROI in 2021?

Wenn sie auf die richtigen coins im letzten jahr gewettet hätten, hätten sie ihr kapital leicht 10x verdoppeln können…

Sie könnten sogar so viel wie 100x gemacht haben, was bedeutet, dass sie $100 in so viel wie 10k umgewandelt haben könnten.
Experten glauben, dass dies im jahr 2021 wieder passieren wird, die einzige frage ist, auf welchen coin sie setzen?

Mein freund und kryptowährungsexperte dirk wettet persönlich auf 3 under-the-radar-kryptowährungen für riesige ROI in 2021.
Klicken sie hier, um zu erfahren, was diese coins sind (schauen sie bis zum ende der präsentation).

Riesige auswahl an zu handelnden märkten

Sie können auf etoro so ziemlich alles handeln, was sie auch auf plus500 finden können. Das heißt, sie können mit aktien, devisen, rohstoffen, kryptos und mehr handeln. Außerdem hat etoro spezielle bereiche für etfs und sie haben sogar copyportfolios verwaltet, die sich aus themenaktien wie gaming, cannabis und CRISPR zusammensetzen.

Handel ohne hebelwirkung

Der wichtigste grund, warum sie wahrscheinlich geld mit plus500 verloren haben, ist, dass sie mit hebelwirkung gehandelt haben. Die hebelwirkung ist ein leistungsstarkes instrument, aber ich empfehle es nie für neuere händler. Bei etoro ist es möglich, die höhe der hebelwirkung bei jedem einzelnen handel zu ändern. Außerdem können sie bei bestimmten assets ohne hebelwirkung handeln. Bei plus500 können sie den leverage nicht ändern. Das bedeutet, dass ihre verluste vermehrt werden. Ich handele oft auf etoro, ohne irgendeinen hebel einzusetzen. Wenn ich zum beispiel mit kryptowährungen oder aktien handle, verwende ich 1x hebel (d.H. Keinen hebel), was bedeutet, dass ich die positionen für längerfristige gewinne offen halten kann, ohne gebühren zahlen zu müssen.

Sie können sich bei etoro kostenlos anmelden, um es hier auszuprobieren.

Haftungsausschluss: 62% der konten von privatanlegern verlieren geld, wenn sie cfds bei diesem anbieter handeln. Sie sollten sich überlegen, ob sie es sich leisten können, das hohe risiko, ihr geld zu verlieren, einzugehen.

Eine metatrader-alternative für plus500

Wenn sie mit metatrader statt der web-händleroberfläche von plus500 handeln möchten, würde ich avatrade empfehlen. Sie sind ein forex-broker, der diese plattform verwendet. Das ist meine erste wahl, weil sie enge spreads haben und sie mit relativ geringem kapitalaufwand in den handel einsteigen können. Ich persönlich hasse es, MT4/5 zu verwenden, aber wenn es das ist, was sie gewohnt sind, kann ich das verstehen.

Die beste alternative für web trader

Wenn sie weiterhin über eine web-handelsplattform handeln möchten, aber nicht plus500 verwenden möchten, dann wäre meine wahl capital.Com. Meiner meinung nach haben sie die am besten gestaltete und leistungsstärkste web-handelsschnittstelle.

Sie haben auch gute charting-tools – sie müssen also nicht für eine charting-suite von drittanbietern bezahlen.

Für den kauf von kryptowährungen

Wenn sie etwas krypto kaufen und bei steigenden preisen profitieren möchten, sollten sie plus500 auf keinen fall verwenden. Plus500 ist eine handelsplattform, auf der sie mit krypto handeln können. Dies ist viel riskanter und schwieriger. Wenn sie krypto kaufen möchten, würde ich ihnen empfehlen, sich bei bitpanda anzumelden.

Bei bitpanda besitzen sie die krypto coins, die sie kaufen. Sie können es an ein wallet ihrer wahl schicken und es für zukünftige gewinne einfach HODLEN.

Mit plus500 handeln sie nicht mit echtem krypto. Stattdessen handeln sie mit einem CFD. Der CFD hat eine laufzeit, d. H. Wenn sie vor ablauf der laufzeit keinen gewinn erzielen, wird ihre position mit einem verlust geschlossen. Wenn sie nach einem crypto-CFD-handel ohne ablaufdatum suchen, würde ich etoro erneut empfehlen.

Haftungsausschluss: etoro ist eine multi-asset-plattform, die sowohl investitionen in aktien und krypto-assets als auch den handel mit cfds anbietet.

Bitte beachten sie, dass cfds komplexe instrumente sind und mit einem hohen risiko verbunden sind, durch hebelwirkung schnell geld zu verlieren. 62% der konten von privatanlegern verlieren geld, wenn sie cfds bei diesem anbieter handeln. Sie sollten sich überlegen, ob sie verstehen, wie cfds funktionieren und ob sie es sich leisten können, das hohe risiko eines geldverlustes einzugehen.

Die performance in der vergangenheit ist kein hinweis auf zukünftige ergebnisse.

Kryptoassets sind volatile instrumente, die innerhalb eines sehr kurzen zeitrahmens stark schwanken können und daher nicht für alle anleger geeignet sind. Anders als über cfds ist der handel mit krypto-assets nicht reguliert und wird daher von keinem EU-regulierungsrahmen überwacht.

Haftungsausschluss: dieser artikel sollte nicht als anlageberatung verstanden werden und ist nicht dazu bestimmt, diese anzubieten. Die kryptozeitung und ihre verbundenen unternehmen, mitarbeiter, schriftsteller und subunternehmer sind krypto-währungsinvestoren und haben von zeit zu zeit möglicherweise anteile an einigen der von ihnen abgedeckten münzen oder token. Bitte führen sie ihre eigene gründliche recherche durch, bevor sie in eine kryptowährung investieren.

Plus500 review

Plus500 is an established online brokerage firm, specializing in CFD trading, that opened in 2010.

They have grown in the past 11 years to become one of the largest brokers in the world. Their Q3 2020 trading update shows that they have 197,976 active customers. Contact email address is [email protected] . Official website: https://www.Plus500.Com.

Plus500 reviews

Our review of plus500 finds that they offer day traders, a very large selection of underlying assets to trade CFD’s on. Anything you want to trade, is available on their trading platform. Major forex pairs, minor currency pairs, commodities, stock market indexes, and shares from all major stock exchanges.

Many investors choose to use their simple and user friendly web trader platform. If you would like a more advanced trading platform, then you should download their desktop trading software. Also available is their mobile apps for ios, android, and windows, for easy trading on your tablet and phone.

The order entry screen includes a few different setting for traders to manage their risk, and lock in profits. They include the “trailing stop”, only buy when rate is”, “close at profit”, and “close at loss” features, see here.

Crypto currency investors will find the popular coins available including; bitcoin, IOTA, bitcoin cash, NEO, monero and ethereum. Disclaimer: crypto trading availability is subject to regulations.

Plus500 offers multiple methods to fund your trading account including; credit card, bank transfer and paypal. Negative balance protection is available, so that you cannot lose more than you have in your account. The minimum deposit for a new trading account is $100, see here

*for illustrative purposes only. Financial instruments shown are variable and dynamic, and are constantly adjusted in accordance with the market rates.

*76.4% of retail CFD accounts lose money

Is plus500 a legit broker?

Yes, plus500 ltd is listed on the main market section of the london stock exchange, and they are licensed in multiple countries.

United kingdom: owned by plus500uk ltd, 78 cornhill, london EC3V 3QQ, which is authorised and regulated by the FCA (financial conduct authority), with license number 509909.

Europe: operated by plus500cy ltd which is licensed and regulated by cysec with license number 250/14.

New zealand: derivatives issuer licence FSP #486026 authorises us to issue these products to new zealand residents.

Israel: plus500il ltd is licensed by the israel securities authority.

Singapore: plus500sg is licensed and regulated by the MAS (monetary authority of singapore), license CMS100648-1.

South africa: plus500au pty ltd is an authorized financial services provider, by the FSCA license number 47546. You do not own or have any rights to the underlying assets, read the disclosure documents available on the official website.

Australia: plus500au pty ltd, ACN 153 301 681, AFSL # 417727, issued by the australian securities and investments commission (ASIC) is authorized to issue these products to australian residents.

When reviewing and comparing CFD and forex brokers it is important to check that they are actually licensed to operate. The reason to trade with a regulated broker, is that in the event that the broker becomes insolvent, your money is protected.

Compare popular brokers

There are many CFD forex brokers to choose from online, and each one has their own unique features. Smart investors always choose to trade at regulated broker instead of a scam broker, because their funds are secure.

Fortrade is a fast growing broker, that is regulated in canada, united kingdom and australia, see here.

Try a free demo on their amazing trading platform, signup here.

You probably shouldn’t trade on plus500

Plus500 is CFD trading and not real stocks

The biggest risk on plus500 is leverage…

Plus500 leverage/margin

Contracts will close

This means that plus500 isn’t good for long term investing.

Is plus500 good for long term investing?

Plus500 for crypto

Can you buy shares on plus500?

Is plus500 worth it?

Better plus500 alternatives

In my opinion etoro is a better alternative to plus500. Here’s why:

You can trade without leverage – this means you won’t be liquidated when markets are volatile. Trades work just like regular stock trades.

Real stocks – etoro has real stock trading for U.S listed stocks. That means when you buy shares like apple, you’re buying the underlying asset. Where on plus500 you are just trading a contract.

No holding fees – on non-leveraged positions, you aren’t charged any overnight or weekend fees.

No expiry – there are no expiry dates on stock contracts. This means you can buy a stock like apple, and hold onto it for months and profit from longer term gains

Copytrading – you can copy the trades made by more experienced traders.

You can find out more about etoro here.

Commsec vs plus500

Other options:

On stake you can trade U.S listed stocks without commissions.

On IG you can trade cfds like plus500 but you can also trade real stocks.

Practice trading

If you’re looking to learn about trading, then easymarkets offers a pretty good education section including a full trading course.

Let me know in the comments what your experiences with plu500 have been. Have you managed to have success trading on plus500?

This post is for educational purposes and should not be considered as investment advice. This post is based on individual experience and journalistic research.

The best alternatives to plus500

Plus500 is a popular forex and CFD trading platform. And while it may be perfectly suited for some people, for others it might not be the right place to trade.

Plus500 targets beginners…but it shouldn't!

Etoro

So my pick for new traders looking for a good alternative to plus500 is etoro.

Easymarkets

Easymarkets doesn't have the same range of markets to invest in as plus500 or etoro, but they have just begun offering crypto trading.

They offer very competitive spreads and they certainly are targeted towards pro traders. If you feel like you've outgrown plus500, then XM could be the option for you.

So there you have it – 3 good platforms that offer vastly different products and all are a good alternative to plus500. Let me know what your favorite alternatives are in the comments.

Disclaimer: etoro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading cfds.

Past performance is not an indication of future results.

The best plus500 alternatives

I don't think plus500 is a very good option for trading in australia. If you've been thinking about joining plus500 make sure you read this post. There are better alternatives available for trading stocks, buying crypto or whatever else you're using plus500 for.

Here are my top plus500 alternatives:

The best plus500 alternatives for trading U.S stocks

If you're looking to trade or invest in U.S stocks then here are two alternatives that are better than plus500. Why? Because on these two platforms you're actually buying the underlying assets. On plus500 you are just trading a contract that will expire.

On etoro you can trade U.S stocks with no commissions. This means you can buy stocks like apple, netflix, tesla and more without having to pay any commissions. Etoro also has fractional shares. This means you can invest any dollar amount above $50 in a stock to open part of a share. This is great for those stocks like alphabet which are priced over $1000 each!

Stake is similar to etoro. It lets australians buy U.S stocks without commissions. They make money when you exchange money from USD to AUD in the form of a conversion fee. It's not at all noticeable though. Stake has a huge range of stocks that you can invest in (thousands) and like etoro you can also buy fractional shares. You could get started with just $10!

The best alternatives for buying crypto

Plus500 isn't a good place to buy crypto. If you've heard about bitcoin and are looking to buy and hold it, then you shouldn't do it on plus500. That's because you're not actually buying bitcoin. Instead you are trading a contract known as a CFD. CFD's can be powerful trading tools, but they aren't for beginner investors. When you trade bitcoin on plus500 you are trading using leverage and the contract you trade will expire. So it's not for holding a long term position.

If you just want to buy bitcoin then may top recommendation would be coinspot. They make the entire process super easy and simple to understand. So if you've never bought bitcoin before, you'll have no troubles – even if you have no experience with exchanges.

Btcmarkets

Btcmarkets is similar to coinspot. They too are based in australia but in opinion they are a bit more difficult to use. The platform is targeted more towards traders rather than individuals looking to buy bitcoin.

The best plus500 alternative for CFD trading

Plus500 is a CFD trading platform. While CFD trading isn't for everyone, if you are a trader then it could be an option. I recommend etoro vs plus500 when it comes to CFD trading. I think etoro has a better interface and it also gives you the option to trade without leverage. Something you can't do on plus500. Furthermore, positions on etoro don't expire. If you're a day trader, this won't be of concern to you, but if you trade using a longer term strategy then etoro is a better option.

Why I like etoro over plus500

Better designed platform – it's easier to use and just looks more professional.

Isolated margin – if you are trading with leverage, each trade uses isolated margin. This means you can't lose more than what the position is worth!

Trade without leverage – you can open both leverage and non-leveraged positions. Long stock positions without leverage have no ongoing daily or weekly fees! So you can hold stock trades for longer terms strategies.

Copy trading – has copy trading features where you can automatically copy the trades of more experienced traders.

Real stocks – don't just trade cfds. You can trade real U.S stocks where you own the underlying asset.

So, let's see, what we have: are you looking for the best alternatives to plus500? I don't think plus500 is a great platform. And I think it's a really bad platform for newer traders. At plus500 alternatives