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Exness
FCA (UK)Up to 90% Daily Spread Rebates
Earn up to 90% of spread/commission back daily via partner codes. Premier clients earn 200-600 EXD.
Verified Jun 15, 2026
Best Plus500 Alternatives 2026
Last updated August 2, 2026
Top forex and CFD brokers similar to Plus500 with better spreads, more platforms, and enhanced features.
How We Ranked
Rankings blend trust, pricing, and platform quality. Risk warning: CFDs carry high risk.
Regulated brokersLow spreadsFast withdrawals
Written by
BrokerAnalysis Research Desk
Fact Checked by
BrokerAnalysis Editorial Team
Personalized broker matching
Need a faster shortlist than reading every broker page?
Use the guided matching flow to narrow your next broker by country, budget, and trading platform before you compare the full table.
Last reviewed:
•By:BrokerAnalysis Research Desk
•Fact-checked by:BrokerAnalysis Editorial Team
Our 2 top picks for Plus500 Alternatives
We stand behind these two. Everything below is a fuller comparison and lower-weight alternatives.
#1 · Best for Plus500 Alternatives
HFM
Min. deposit $0
- Excellent mobile app functionality with in-app trading
- No minimum deposit required to start
- Zero account features competitive 0.0 pip spreads with low commission
FCA (UK), CySEC (Cyprus), DFSA (Dubai)
#2 · Best alternative
Axi
Min. deposit $0
- No minimum deposit
- ASIC, FCA and FMA regulated
- Axi Copy Trading platform
ASIC (Australia), FCA (UK), FMA (New Zealand)
Why these two
Both brokers are shortlisted specifically for Plus500 Alternatives, are regulated, and accept clients for this use case — we gate on regulation and safety first, then rotate the headline across the brokers that genuinely qualify so the same two names don't lead every page. Everything below is the fuller comparison.
CFDs are complex instruments and carry a high risk of losing money rapidly due to leverage. Trade only what you can afford to lose.
Why look for Plus500 alternatives?
Traders often seek alternatives for MT4/MT5 access (Plus500 uses proprietary only), lower spreads, or features like copy trading.
Top 10 Plus500 Alternatives
Plus500 is known for its simple proprietary platform and wide instrument range. Our current ranking starts with HFM where it is available, followed by Axi, XM, and Exness. Compare regulation, fees, platforms, account terms, and local funding fit before opening an account.
Alternative Offers
Browse All PromotionsCurrent offers among these alternatives
A muted snapshot of verified bonuses and rebates on the brokers in this replacement shortlist.
Cashback / Rebate
Axi
ASIC (Australia)Axi Select Funded Path to $1M
Trade with Axi funds up to $1M through Axi Select. No registration or monthly fees.
Verified Jun 15, 2026
FXTM
FCA (UK)$500 Welcome Bonus Reward Points
Use code HELLOFXTM on first deposits to unlock up to $500 in reward points after trading targets.
Verified Jun 15, 2026
Quick Rankings
Get your personalized toplist:
FIND MY BROKER| Broker | Withdrawal | vs Plus500 | Regulation & funding | Action | ||
|---|---|---|---|---|---|---|
| 0.0 | $0 | 24 hours | Copy trading, zero spreads | No tier-1 licence listed | ||
| 0.0 | $0 | 1-2 business days | Raw spreads, ProTrader tools | No tier-1 licence listed | ||
| 0.6 | $5 | 24 hours | MT4/MT5, better education | No tier-1 licence listed | ||
| 0.0 | $0 | Instant | Lower spreads, instant withdrawals | No tier-1 licence listed | ||
| 0.9 | $100 | 1-2 business days | AvaTradeGO similar UX, MT4/MT5 | No tier-1 licence listed | ||
| 0.1 | $10 | 24 hours | FXTM Invest copy trading | No tier-1 licence listed | ||
| 0.6 | $0 | 2-5 business days | More instruments, better research | No tier-1 licence listed | ||
| 0.7 | $0 | 1-2 business days | Award-winning platform | No tier-1 licence listed | ||
| 0.1 | $0 | 1-2 business days | Raw spreads, multiple platforms | No tier-1 licence listed | ||
 | 0.0 pips (Raw ECN) | 1.2 pips (Standard STP) | $50 | 1-2 business days | — | ASIC (Australia)FSCA (South Africa)FSC (Mauritius) |
Rank 01 · best overall
Rank 02
Spread
0.0
Min dep.
$0
Withdrawal
1-2 business days
vs Plus500
Raw spreads, ProTrader tools
Rank 03
Rank 04
Spread
0.0
Min dep.
$0
Withdrawal
Instant
vs Plus500
Lower spreads, instant withdrawals
Rank 05
Spread
0.9
Min dep.
$100
Withdrawal
1-2 business days
vs Plus500
AvaTradeGO similar UX, MT4/MT5
Rank 06
Rank 07
Spread
0.6
Min dep.
$0
Withdrawal
2-5 business days
vs Plus500
More instruments, better research
Rank 08
Spread
0.7
Min dep.
$0
Withdrawal
1-2 business days
vs Plus500
Award-winning platform
Rank 09
Spread
0.1
Min dep.
$0
Withdrawal
1-2 business days
vs Plus500
Raw spreads, multiple platforms
Rank 10
Spread
0.0 pips (Raw ECN) | 1.2 pips (Standard STP)
Min dep.
$50
Withdrawal
1-2 business days
vs Plus500
—
ASIC (Australia)FSCA (South Africa)FSC (Mauritius)
Visit VT Markets Read reviewWe earn a commission when you open an account through the buttons above. It does not change the ranking — our methodology. High risk: 68–80% of retail CFD accounts lose money.
In-Depth Broker Analysis
Our research team continuously monitors over 100 parameters per broker. Below is a detailed breakdown of our top-rated platforms, including their distinct advantages, ideal user profiles, and potential drawbacks.
HFM Review Summary
HFM adds copy trading that Plus500 doesn't offer, with zero deposit requirement.
Pros
- Regulation varies by entity
- Minimum deposit: $0
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Low — compare account types before opening
Axi Review Summary
Axi offers ProTrader tools and raw spreads for traders who've outgrown Plus500's simplicity.
Pros
- Regulation varies by entity
- Minimum deposit: $0
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Ultra-Low — compare account types before opening
XM Review Summary
XM offers MT4/MT5 platforms that Plus500 lacks, with comprehensive education for beginners.
Pros
- Regulation varies by entity
- Minimum deposit: $5
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Low — compare account types before opening
Our Rating
4.5/5.0
Best ForTighter spreads, instant withdrawals.
Min Deposit$0
Exness Review Summary
Exness offers spreads from 0.0 pips vs Plus500's wider spreads, plus instant withdrawals.
Pros
- Regulation varies by entity
- Minimum deposit: $0
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Ultra-Low — compare account types before opening
Our Rating
4.5/5.0
Best ForSimilar simple interface plus MT4.
Min Deposit$100
AvaTrade Review Summary
AvaTrade's AvaTradeGO app offers similar simplicity to Plus500's app, plus MT4/MT5 options.
Pros
- Regulation varies by entity
- Minimum deposit: $100
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Low — compare account types before opening
Our Rating
4.5/5.0
Best ForBest for african & asian traders & copy trading users.
Min Deposit$10
FXTM Review Summary
FXTM is a multi-regulated broker with MT4, MT5, FXTM Trader App access, 0.0 pips (ECN) | 1.5 pips (Standard) on EUR/USD, and $10 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $10
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Raw or ultra-low spread account available — compare account types before opening
Our Rating
4.5/5.0
Best ForBest for professional traders, us traders & comprehensive market access.
Min Deposit$250 ($0 bank transfer)
IG Review Summary
IG is a multi-regulated broker with IG Platform, L2 Dealer, ProRealTime, MT4 access, 0.6 pips (Standard) on EUR/USD, and $250 ($0 bank transfer) minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $250 ($0 bank transfer)
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive spread structure — compare account types before opening
Our Rating
4.5/5.0
Best ForBest for advanced chartists & uk spread bettors.
Min Deposit$0
CMC Markets Review Summary
CMC Markets is a multi-regulated broker with Next Generation, MT4 access, 0.7 pips on EUR/USD, and $0 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $0
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Competitive spread structure — compare account types before opening
Our Rating
4.5/5.0
Best ForBest for advanced traders, automated trading & tradingview enthusiasts.
Min Deposit$0 (Recommended $200)
Pepperstone Review Summary
Pepperstone is a multi-regulated broker with MT4, MT5, cTrader, TradingView access, 0.0 pips (Razor) | 1.0 pips (Standard) on EUR/USD, and $0 (Recommended $200) minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- Regulation varies by entity
- Minimum deposit: $0 (Recommended $200)
- Multiple platform options
Cons
- Trading conditions vary by country and account type
- Spreads listed at Raw or ultra-low spread account available — compare account types before opening
Our Rating
4.8/5.0
Best Fortraders who want free signals, 100% deposit bonus, copy trading support, and Raw ECN pricing
Min Deposit$50
VT Markets Review Summary
VT Markets is a multi-regulated broker with MT4, MT5, VT Markets App, WebTrader access, 0.0 pips (Raw ECN) | 1.2 pips (Standard STP) on EUR/USD, and $50 minimum deposit. Confirm the serving entity, leverage terms, and funding methods before opening an account.
Pros
- 100% deposit bonus on first deposit (minimum deposit $50)
- Raw ECN account with 0.0 pip spread potential
- MT4 and MT5 available across desktop and mobile
- Free Telegram signals funnel through Unshakable Traders
Cons
- Entity, leverage, and protection level vary by country
- Free signals are educational support, not profit guarantees
- Traders still need to manage risk and verify terms before depositing
Frequently Asked Questions About Plus500 Alternatives
Frequently Asked Questions
Traders often seek alternatives for MT4/MT5 access (Plus500 uses proprietary only), lower spreads, or features like copy trading.
Capital.com and AvaTrade have similar simple interfaces while offering more platform options.
Exness, HFM, and Axi offer spreads from 0.0 pips, significantly lower than Plus500.
No, Plus500 only offers its proprietary platform. All alternatives listed offer MT4 and/or MT5.
XM and AvaTrade are excellent for beginners with educational resources matching Plus500's simplicity.
Top Searched Questions
How do I choose a reliable forex broker in 2026?
Start by verifying the broker holds a Tier-1 license (FCA, ASIC, or CySEC). Compare raw spreads on EUR/USD, check withdrawal processing times, and test the demo account. BrokerAnalysis independently tests 67+ brokers each quarter using real funded accounts.
What makes a forex broker the 'best' overall?
The best forex broker combines Tier-1 regulation, spreads from 0.0 pips on raw accounts, fast execution under 50ms, a wide range of 70+ currency pairs, and transparent fee structures. Our testing ranks brokers across 8 categories including safety, costs, and platform quality.
Which forex brokers are consistently top-rated?
Consistently top-rated brokers typically hold multiple Tier-1 licenses, maintain segregated client funds, and offer competitive raw spreads. Brokers like IC Markets, Pepperstone, and FP Markets consistently score above 4.5/5 in independent testing by BrokerAnalysis.
What is forex trading and how does it work?
Forex trading involves buying one currency while selling another, profiting from exchange rate fluctuations. The forex market operates 24/5, processes $7.5 trillion daily, and is accessible through online brokers with as little as $10. Traders use technical and fundamental analysis to make decisions.
What is the best forex trading platform to use?
MetaTrader 4 remains the most popular platform for its reliability and Expert Advisor support. MetaTrader 5 adds depth-of-market and more timeframes. TradingView excels at charting, while cTrader offers the best market depth for active traders. Your ideal platform depends on your trading style.
How do forex trading platforms differ from each other?
MT4 is best for EA automation and beginner simplicity. MT5 adds stock CFDs and economic calendar integration. cTrader provides Level II pricing and algorithmic trading via cAlgo. TradingView offers social charting with 100+ indicators. Choose based on whether you prioritize automation, analysis, or execution speed.
What features should a trading platform have?
A quality trading platform needs: one-click execution, customizable charts with 50+ technical indicators, pending order types (limit, stop, trailing stop), mobile app parity, demo account access, and reliable uptime above 99.9%. Platform stability during high-volatility news events is critical.
How does the forex market work?
The forex market is a decentralized global marketplace where currencies trade in pairs. It operates across four major sessions (Sydney, Tokyo, London, New York), runs 24 hours on weekdays, and is the largest financial market with $7.5 trillion in daily volume. Prices move based on economic data, central bank policy, and geopolitics.
Information automatically localized based on "forex brokers" and related trends.
Sources & References
- HFM Trading Accounts— HFM
- XM Account Types— XM
- Exness Accounts— Exness
- BrokerAnalysis ranking methodology— BrokerAnalysis
- BrokerAnalysis data sources— BrokerAnalysis
- BrokerAnalysis editorial policy— BrokerAnalysis
People Also Search For
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Risk Warning: Forex and CFD trading involves significant risk of loss and may not be suitable for all investors. You could lose more than your initial investment. 68-80% of retail investor accounts lose money when trading CFDs with most providers. Consider whether you understand how CFDs work and whether you can afford the high risk of losing your money.
Not Financial Advice:
Information on this website is for educational and comparison purposes only. This does not constitute financial, investment, or trading advice. How we rank brokers. See Editorial Policy and Data Sources.
Affiliate Disclosure:
BrokerAnalysis may earn commissions from partners listed. This does not influence our rankings or analysis, which are based on our independent methodology. Read our Content Standards.
Regional Availability Notice
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 the country-acceptance status captured in our latest eligibility checks.