2.8 / 5
Rating breakdown
Things we didn't like:
Plus500 has limited product portfolio, provides only CFDsIt has high financing rates. Some standard research tools are missing
Why would you want an alternative to PLUS500?
Considering an alternative to Plus500 may be necessary due to several significant limitations. Firstly, Plus500 offers limited platform choices by not providing popular platforms like MetaTrader 4 or MetaTrader 5, which are preferred by many traders for their advanced features and flexibility. The absence of copy trading options is another drawback, particularly for traders interested in leveraging social trading strategies. Plus500 also does not offer discounts for active retail traders, missing out on potential cost-saving opportunities for frequent traders. Despite features like an integrated economic calendar and sentiment data through +Insights, the platform lacks news headlines, which are crucial for staying updated on market developments in real-time. Furthermore, Plus500’s research content is limited to a few daily articles, and its video content lacks market updates or in-depth analysis, which may not satisfy traders seeking comprehensive market insights.
What other users do not like about Plus500
Plus500 TrustPilot Customer Reviews, Feedback and Complaints
On Trustpilot, Plus500 has currently 13.6k number of reviews with a TrustScore (the overall measurement of reviewer satisfaction) of 4.10/5.00.
Main Complains according to the Users' Reviews
- Horrible spreads
What to look for in a PLUS500 Alternative?
When searching for an alternative to Plus500, prioritize brokers that offer a broader selection of trading platforms, including popular choices like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), to accommodate different trading preferences and strategies. Look for brokers that support copy trading and social trading features if you intend to replicate trading strategies or follow successful traders. Consider brokers that provide discounts or incentives for active traders to reduce trading costs over time. Ensure that the broker offers comprehensive news coverage and updates within its platform to stay informed about market movements and events impacting your trades. Seek brokers with robust research content, including frequent market analysis articles, videos with updates and insights, and access to economic data and sentiment analysis tools. By focusing on these aspects, you can find a broker that better meets your trading needs and provides a more enriched and supportive trading experience compared to Plus500.
Best PLUS500 alternatives – forex brokers like (or better than) PLUS500
4.3 / 5
Rating breakdown
Things we liked:
Up to 500:1 leverageLow minimum deposit requirement
Things we didn't like:
Absence of a direct telephone number for customer supportOspreyfx is not a fully licensed and regulated broker
OspreyFX Overview
Named after the very large, distinctively shaped, fish preying hawk, which suitably decorates the brand’s logo, OspreyFX is a relatively new entrant in the world of forex brokerages, aiming to offer existing and aspiring traders an innovative venue in which they can satisfy all their trading needs, including the trading of cryptocurrencies.
4.2 / 5
Rating breakdown
Things we liked:
AvaTrade has low trading feesThe account opening is user-friendly and fast
It offers a lot of deposit and withdrawals options free of charge
Things we didn't like:
The product portfolio is limited as it offers only CFDs, forex, and cryptosThe research tools are limited
AvaTrade Overview
Since its establishment in 2006, AvaTrade has expanded to 11 countries and offers an array of trading platforms for web, desktop, and mobile use. It facilitates trading in spot forex, forex options, and CFDs across various asset classes, including cryptocurrencies. AvaTrade boasts 300,000 registered traders executing over 3 million trades monthly, with a total traded value exceeding $1.47 trillion.
4.0 / 5
Rating breakdown
Things we liked:
XM has low trading feesThe account opening is user-friendly and fast
Lots of educational tools
Things we didn't like:
XM has a limited product portfolioThe research tools are limited
It charges inactivity fees
XM Overview
XM is a CySEC, ASIC and IFSC regulated, multi-asset class broker offering to trade on more than 1,000+ tradable CFD’S on Forex, Stocks, Commodities, Indices, Metals and Energies on the globally-recognised trading platforms MetaTrader 4 and MetaTrader 5 for PC, Mac, Web, iOS and Android systems.