Plus500 Alternatives - Better Forex Brokers for 2024
Find out the major disadvantages of Plus500 Forex Brokers and alternatives with lower fees and more security. Unbiased Plus500 Alternatives reviews.
So which brokers are better than Plus500? Want to jump straight to the answer? OspreyFX is the best alternative broker to Plus500 in 2024 .

2.8 / 5

Rating breakdown

Security
70%
3.5/5
Ease of Use
20%
1.0/5
Tradable Assets
40%
2.0/5
Deposit and withdrawal
80%
4.0/5
Trading Fees
60%
3.0/5
Support
60%
3.0/5

Things we didn't like:

 Plus500 has limited product portfolio, provides only CFDs
 It 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 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

Best Plus500 Alternatives

4.3 / 5

Rating breakdown

Security
80%
4.0/5
Ease of Use
80%
4.0/5
Tradable Assets
100%
5.0/5
Deposit and withdrawal
80%
4.0/5
Trading Fees
100%
5.0/5
Support
80%
4.0/5

Things we liked:

 Up to 500:1 leverage
 Low minimum deposit requirement

Things we didn't like:

 Absence of a direct telephone number for customer support
 Ospreyfx is not a fully licensed and regulated broker

#1
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

Security
70%
3.5/5
Ease of Use
90%
4.5/5
Tradable Assets
100%
5.0/5
Deposit and withdrawal
100%
5.0/5
Trading Fees
80%
4.0/5
Support
60%
3.0/5

Things we liked:

 AvaTrade has low trading fees
 The 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 cryptos
 The research tools are limited

#2
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

Security
80%
4.0/5
Ease of Use
100%
5.0/5
Tradable Assets
50%
2.5/5
Deposit and withdrawal
100%
5.0/5
Trading Fees
80%
4.0/5
Support
70%
3.5/5

Things we liked:

 XM has low trading fees
  The account opening is user-friendly and fast
 Lots of educational tools

Things we didn't like:

 XM has a limited product portfolio
 The research tools are limited
 It charges inactivity fees

#3
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.

Plus500 Alternatives Frequently Asked Questions (FAQs):

Are there any sites like Plus500?
Yes, there are many sites offering similar services like Plus500. Those include OspreyFX, OANDA, CMC Markets and many more. If you are to look for an alternative to Plus500 for your forex trading needs, then you must make sure it is one with a better offering.
Who are Plus500 Top Competitors?
Plus500 's top competitors in July 2024 are: OspreyFX, AvaTrade, XM and more. OspreyFX is currently rank as the number one on the list of top Forex brokers.

Are you Satisfied with what They Offer?