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BlogBest Plus500 Alternatives 2026
Top forex and CFD brokers similar to Plus500 with better spreads, more platforms, and enhanced features.
Written by
James Anderson
Fact Checked by
Emily Watson
Top 10 Plus500 Alternatives
Plus500 is known for its simple proprietary platform and wide instrument range. If you're looking for alternatives with MT4/MT5 support, lower spreads, or copy trading features, we've identified brokers that offer more for active traders.
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Why look for Plus500 alternatives?
Traders often seek alternatives for MT4/MT5 access (Plus500 uses proprietary only), lower spreads, or features like copy trading.
Quick Picks
Plus500 Comparison
How each compares.
| Broker | Action | ||
|---|---|---|---|
| Exness | Lower spreads, instant withdrawals | Lower spreads, instant withdrawals | Open Account |
| XM | MT4/MT5, better education | MT4/MT5, better education | Open Account |
| AvaTrade | AvaTradeGO similar UX, MT4/MT5 | AvaTradeGO similar UX, MT4/MT5 | Open Account |
| FXTM | FXTM Invest copy trading | FXTM Invest copy trading | Open Account |
| HFM | Copy trading, zero spreads | Copy trading, zero spreads | Open Account |
| Axi | Raw spreads, ProTrader tools | Raw spreads, ProTrader tools | Open Account |
| Pepperstone | Raw spreads, multiple platforms | Raw spreads, multiple platforms | Open Account |
| Capital.com | Similar simple interface, AI tools | Similar simple interface, AI tools | Open Account |
| IG | More instruments, better research | More instruments, better research | Open Account |
| CMC Markets | Award-winning platform | Award-winning platform | Open Account |
Detailed Broker Analysis
MT4/MT5 with excellent education.
XM offers MT4/MT5 platforms that Plus500 lacks, with comprehensive education for beginners.
Pros
- Very low $5 minimum deposit
- Multiple account types for all levels
- Excellent educational resources (industry-leading)
- Fast execution with no-requotes policy
Cons
- Not publicly traded - less financial transparency
- No cryptocurrency trading (regulated entities)
- Inactivity fee after 90 days ($15/month then $5/month)
- Standard account spreads wider than competitors
Tighter spreads, instant withdrawals.
Exness offers spreads from 0.0 pips vs Plus500's wider spreads, plus instant withdrawals.
Pros
- Industry-leading withdrawal speed (instant/seconds)
- Exceptional transparency with public financial reports
- Massive liquidity - $4.5+ trillion monthly volume
- No inactivity, deposit, or withdrawal fees
Cons
- Not available to EU retail clients, US, UK, Canada, Australia
- Retail clients routed to offshore entities for leverage
- Customer support can be busy during peak times
- Limited stock CFD selection compared to competitors
Similar simple interface plus MT4.
AvaTrade's AvaTradeGO app offers similar simplicity to Plus500's app, plus MT4/MT5 options.
Pros
- One of the most regulated brokers globally (9 licenses)
- Commission-free trading model
- Fixed spreads - predictable costs
- Unique AvaProtect risk management tool
Cons
- Fixed spreads are wider than ECN/Raw spread brokers
- Higher inactivity fee ($50/quarter after 3 months)
- No ECN or raw spread account option
- Cryptocurrency spreads can be high
Copy trading Plus500 lacks.
HFM adds copy trading that Plus500 doesn't offer, with zero deposit requirement.
Pros
- Strong multi-regulator oversight (FCA, CySEC, FSCA)
- Excellent account variety for all trader levels
- Outstanding local payment methods (Africa/Asia)
- Low minimum deposit ($0-$5 on most accounts)
Cons
- US clients not accepted
- Inactivity fee after 6 months ($5/month)
- Leverage caps apply in EU/UK jurisdictions
- Some features limited by regulatory entity
Professional tools, raw spreads.
Axi offers ProTrader tools and raw spreads for traders who've outgrown Plus500's simplicity.
Pros
- No minimum deposit on Standard and Pro accounts
- Strong ASIC and FCA regulation
- Competitive raw spreads from 0.0 pips
- Axi Select capital allocation program
Cons
- Inactivity fee after 12 months ($10/month)
- Elite account requires $25,000 minimum
- Limited stock CFD selection compared to competitors
- No ETFs available
Frequently Asked Questions
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Broker availability depends on your country of residence. Some brokers may not accept clients from certain jurisdictions including the USA, Canada, Japan, and others. The comparison table on this page shows country acceptance status. Please verify availability with the broker directly before proceeding.
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January 2026