eToro Alternatives: Plus500 & Markets.com

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By the way, we’re 100% free to use & fully independent
Trusted by Thousands


Compare eToro Alternatives

Side by side comparison: (Fees, Account Opening, Online Trading Platform, and more...)
For detailed comparison Tap here ➞

best cfd broker
Best online CFD & FX broker
(Great User Experience)
Trade Now

Account Fees:

NO

Minimum deposit:

$100

Withdrawal Fees:

Free

Investor Protection:

£85,000 for UK residents,
€20,000 for Europe (Swiss & Norway)

Regulated:

YES, UK, Israel, Australia, Singapore, Cyprus, South Africa & New Zealand

Customer Support:

Live Chat, Email

Demo Account:

YES

Trading Options:

Forex FX, CFD, Crypto

Expert rating:

Online Trading Platform: Desktop, Mobile, Web

Commission rating:

Research rating:

Education rating:

Overal Ranking:

4.5 / 5

Deposit & Withdrawal Type:

Free / Bank Transfer, Credit/Debit card, Electronic wallets

Open Account
best cfd broker
Best broker for
Forex & CFD
Trade Now

Account Fees:

NO

Minimum deposit:

$250 in UK

Withdrawal Fees:

Free

Investor Protection:

£85,000 for UK residents, €20,100 for Europe

Regulated:

YES, UK, Cyprus, Poland, Belize

Customer Support:

Live Chat, Phone, Email

Demo Account:

YES

Trading Options:

CFD, Blends,
Crypto, Forex

Expert rating:

Online Trading Platform: Desktop, Mobile, Web

Commission rating:

Research rating:

Education rating:

Overal Ranking:

4.2 / 5

Deposit & Withdrawal Type:

Free / Bank Transfer, Credit/Debit card, Electronic wallets

Open Account
For detailed comparison & top 10 list view, Tap here ➞




eToro Alternatives: Plus500 & Markets.com

At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of online brokers and financial service providers in the market. Trade Wisely.

By the way, we’re 100% free to use & fully independent
Trusted by Thousands





For detailed comparison, click here ➞

best cfd broker
Best broker for
Crypto & CFD
Trade Now

Account Fees:

NO

Minimum deposit:

$200

Withdrawal Fees:

$5

Investor Protection:

£85,000 for UK residents, €20,000 for non-UK residents

Regulated:

YES, UK, Cyprus, Australia

Customer Support:

Live Chat, Email

Demo Account:

YES

Trading Options:

CFD, stock
ETF, Crypto
Forex

Expert rating:

Online Trading Platform: Mobile, Web

Commission rating:

Research rating:

Education rating:

Overal Ranking:

4.3 / 5

Deposit & Withdrawal Type:

Bank Transfer, Credit/Debit card, Electronic wallets

Open Account
best cfd broker
Best broker for
Forex & CFD
Trade Now

Account Fees:

NO

Minimum deposit:

$250 in UK

Withdrawal Fees:

Free

Investor Protection:

£85,000 for UK residents, €20,100 for Europe

Regulated:

YES, UK, Cyprus, Poland, Belize

Customer Support:

Live Chat, Phone, Email

Demo Account:

YES

Trading Options:

CFD, Blends,
Crypto, Forex

Expert rating:

Online Trading Platform: Desktop, Mobile, Web

Commission rating:

Research rating:

Education rating:

Overal Ranking:

4.2 / 5

Deposit & Withdrawal Type:

Free / Bank Transfer, Credit/Debit card, Electronic wallets

Open Account
best cfd broker
Best online CFD & FX broker
(Great User Experience)
Trade Now

Account Fees:

NO

Minimum deposit:

$100

Withdrawal Fees:

Free

Investor Protection:

£85,000 for UK residents,
€20,000 for Europe (Swiss & Norway)

Regulated:

YES, UK, Israel, Australia, Singapore, Cyprus, South Africa & New Zealand

Customer Support:

Live Chat, Email

Demo Account:

YES

Trading Options:

Forex FX, CFD, Crypto

Expert rating:

Online Trading Platform: Desktop, Mobile, Web

Commission rating:

Research rating:

Education rating:

Overal Ranking:

4.5 / 5

Deposit & Withdrawal Type:

Free / Bank Transfer, Credit/Debit card, Electronic wallets

Open Account
For detailed comparison or list view, click here ➞




eToro Review in 2020

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By the way, we’re 100% free to use & fully independent
Trusted by thousands



etoro review


eToro Review in 2020

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By the way, we’re 100% free to use & fully independent
Trusted by thousands


etoro review eToro Review:
The best CFD broker in 2020


As one of the best forex brokers and also one of the best CFD brokers in the world, eToro is well-known as an Israel based fintech company (they are not startup any more), a social trading broker established in 2007 that is governed by Australia and UK regulation authorities : the Financial Conduct Authority (FCA) and Investment Commission (ASIC).

Let’s not forget that other customers are served by a Cypriot entity which is governed by (GySEC) also known as the Cyprus Securities and Exchange Commission.

Even though eToro is not publicly listed on any stock exchange, its reputation is great as a safe broker since it is regulated by top-tier financial authorities, not just for British and Aussie people.
The portfolio of products and services that eToro offers are mainly around Stock, ETF, Forex, CFD, Crypto. We have analysed over 31 Tier-1 online brokers & online trading paltforms, and rated eToro as an option for:

  • Best broker for cryptos
  • Best broker for social trading
  • Best forex broker
  • Best CFD broker
  • You can read more about our Methodology and factors that we consider to review and score each brand.

    eToro pros and cons

    To put is simply, when it comes to Europe, eToro offers commission-free stock and also ETF trading, but they also low fees for those who are residing outside Europe.

    Basic online trading platform review could be about account opening which is pretty fast and smooth. For those who are not interested in crafting their own strategy, you can follow other trader’s footprint, and good news is that eToro made it available, its called: social trading.

    There is always a flip side of the coin and it is eToro's slow withdrawal process and comparatively high forex fees. Remember, you will be charged $5 fee for withdrawal, so if you plan to withdraw small amounts you will be losing money. eToro has a $50 minimum amount limit on withdrawals.



    best cfd broker
    Best broker for
    Crypto & CFD
    Trade Now

    Account Fees:

    NO

    Minimum deposit:

    $200

    Withdrawal Fees:

    $5

    Investor Protection:

    £85,000 for UK residents, €20,000 for non-UK residents

    Regulated:

    YES, UK, Cyprus, Australia

    Customer Support:

    Live Chat, Email

    Demo Account:

    YES

    Trading Options:

    CFD, stock
    ETF, Crypto
    Forex

    Expert rating:

    Online Trading Platform: Mobile, Web

    Commission rating:

    Research rating:

    Education rating:

    Overal Ranking:

    4.3 / 5

    Deposit & Withdrawal Type:

    Bank Transfer, Credit/Debit card, Electronic wallets

    Open Account

    eToro pros and cons

    To put is simply, when it comes to Europe, eToro offers commission-free stock and also ETF trading, but they also low fees for those who are residing outside Europe.

    Basic online trading platform review could be about account opening which is pretty fast and smooth. For those who are not interested in crafting their own strategy, you can follow other trader’s footprint, and good news is that eToro made it available, its called: social trading.

    There is always a flip side of the coin and it is eToro's slow withdrawal process and comparatively high forex fees. Remember, you will be charged $5 fee for withdrawal, so if you plan to withdraw small amounts you will be losing money. eToro has a $50 minimum amount limit on withdrawals.


    How much is eToro Fees

    There are Pros and Cons here too.
    The fees for S&P 500 CFD, Europe 50 CFD, EUR USD are built into spread.
    ✓ For S&P 500 CFD the fee is 0.75 average spread cost, which is considered to be low.
    ✓ For Europe 50 CFD the fee is 3 average spread cost, which is considered to be low.
    ✕ For EURUSD the fee is 3 pips average spread cost, which is considered to be high.
    ✓ $10 per month after one year inactivity is what eToro charges which is also considered low.


    TIP: In reality it can take 2 business days to withdraw your money via bank transfer.
    Some other positive points are:


    best cfd broker
    Pros

    Free stock is available in EU countries

    ETF trading is available in the EU

    Registration and opening account is very simple

    You can easily do Social trading


    best cfd broker
    Cons

    Slow withdrawing money process, and a bit pricy.

    You can only hold one account base currency

    Forex trading fees are high




    Trading Vs Non-Trading fees

    Thats not all the fees
    As you can see in the table above we ranked eToro fees (in the table in 3 different categories: from low, average to high) compare to 2 other competitors and brokers: Plus500 and MarkesX
    Well, you need to keep an eye on broker fees such as trading fees and non-trading fees too.

    Trading fees are very easy to understand. Those fees are there only when you trade anything.
    Trading fees come in formes of:

  • Commissions
  • Spreads
  • Financial Rates
  • Conversion Fees
  • Now it's time for Non-trading fees
    These charges are not 100% related to what you trade. You have seen them in the table above. they are fees such as withdrawal and inactivity fees.

    eToro

    Best Online broker for CFD, Forex and Crypto


    4.3

    Minimum Deposit

    $200

    Trade Now

    eToro Trading fees

    eToro, which is primarily known as a CFD broker offers zero-commission stock and ETF trading for European. You can also set the leverage to one and enjoy trading with real stocks and ETFs.
    Let's deep dive and have a look at eToro's fees for stock, forex and CFD fees. we will also run a comparison table with two big brokers to show you the difference.
    The Scenario is running this way: A typical trade means buying a leveraged position, holding it for 7 days and only sell after that period.
    * Volume: a $2,000 position for the stock Index
    * Volume: a $2,000 position for CFD
    * Volume: $20,000 for the forex transactions.
    The leverage in this scenarios is:
    • 20:1 stock index CFDs • 5:1 CFD • 30:1 forex

    Here is the tabular view of eToro's fees and side by side comparison with other 2 brokers.


    CFD Scenario

    eToro

    Plus500

    MarketsX

    S&P 500 index CFD fee

    $2.4

    $2.1

    $2.6

    Europe 50 index CFD fee

    $2.7

    $1.3

    $2.5

    Apple CFD fee

    $6.3

    $8.9

    $6.4

    Vodafone CFD fee

    ---

    $7.6

    $6.7


    Stock Index Scenario

    eToro

    Plus500

    MarketsX

    US Stock

    $0.0

    $15

    $10

    UK Stock

    $0.0

    $9.6

    $10

    German Stock

    $0.0

    $11

    $8.8


    Forex Scenario

    Benchmark Fee

    eToro

    Plus500

    MarketsX

    EURUSD

    $19.6

    $17.9

    $24.5

    GBPUSD

    $16.2

    $14

    $25

    AUDUSD

    $12.4

    $12.6

    $25.1

    EURCHF

    $11.8

    $9.0

    $22.1

    EURGBP

    $19.9

    $14.6

    $20.5


    One good thing about eToro is that it operates in majority of countries. If you are not from Africa or terroristic countries, you have high chance to get your account approved in a day.
    Except the following cases, the minimum deposit is $200.
    • For Israel citizens, the deposit base is $10,000.
    • For Australian and USA citizens, the first-time deposit is $50.
    • the price is $500 for residents of Russia, China, Hong Kong, Taiwan and Macau.

    To start trading eToro does not charge any deposit fees, but you ought to remember that in order to deposit money you have to use funding sources that are in your own name. If you are ready to trade, go ahead and use the live account, If not eToro offers a demo account to practice..


    eToro's Online Trading Platform

    Even though it does not have a desktop platform, but eToro promises good user experience for trading and social trading through its mobile and web trading platform.
    If you want to trade on to go, you may use mobile trading platforms on your android and ios device. it gives you the flexibility of mobile as well as some cool features such as push notifications or enhanced touch experience to act by swiping right or left.
    To add more security and protect your account, you can setup two-step login feature in your profile.
    The UI & UX of eToro trading platform is unique and user friendly.
    At a glance it looks like this:


    You should not be worried if English is not your strength, because eToro trading platform is available in: Arabic, Chinese (simplified), Finnish, French, German, Chinese (traditional), Czech, Danish, Dutch, Italian, Norwegian, Polish, Portuguese for Portugal and Brazil, Romanian, Russian, Spanish, Swedish, even south east aisan like Vietnamese, Thai, Bhasa Melayu or Malaysian and of course English.

    When it comes to trading, customer service plays a good role.
    Overall, eToro customer support team respond fast via email (No Phone calls) but they have yet to establish a 24/7 support process (So don't count on week ends). They have a live chat and offer help in English.

    eToro

    Best Online broker for CFD, Forex and Crypto


    4.3

    Minimum Deposit

    $200

    Trade CFD Now

    What can you trade on eToro

    Products and Markets

    The options that are available to you at eToro are:

  • CFD
  • Forex
  • Real Stock
  • ETFs
  • Crypto Currency
  • Social Trading
  • CopyPortfolio
  • When you buy with no leverage (leverage=1) you buy real stocks and not contract for difference. That's why Non-leveraged buy positions for equities, ETFs and cryptocurrencies (digital currency) are traded as real assets. (Be aware of the risks of price movements / we have no info at this moment about fiat currencies)
    All other positions are kind of contract for difference (this applies to cfd traders). An example could be leveraged buy positions and all sell positions of stocks, ETFs and cryptos as well as all forex, commodities and indices positions.

    Tip: Changing the leverage manually is a very useful feature when you want to lower the risk of a trade. For instance, rather than trading with X:1 leverage (x higher than Y), only trade with Y:1 leverage for stock CFDs. Please be reminded that forex FX and CFD trading default leverages are high, don't gamble.



    best forex broker Trade CFD Now Tip: You can change the default leverage level of the products.

    Currency pairs:

    47

    Stock index CFDs:

    13

    Stock CFDs:

    1900

    ETF CFDs:

    145

    Commodity CFDs:

    6

    Bond CFDs:

    --

    Future CFDs:

    --

    Cryptos:

    17


    etoro review Innovation: 2 distinguishing features in eToro


    CopyTrader (Social tTading)

    What is CopyTrader? other also ask what is social trading?
    Here is a simple answer
    How would you feel to be able to follow other's strategy (trades on a weekly basis, their average holding time, and performance on charts), being able to copy up to 100 traders portfolio all at once, and browse through their portfolio.

    Good thing is that you can easily check their previous performance (Both yearly and monthly), and review the risk score that eToro gave them base on their history.
    Tip: Min investment per trade is $200and Max is Half a million.
    The cons of using social trading is that you should close full amount on your position, not partially.

    CopyPortfolio (Top-tier Investment)

    On the contrary, copyPortfolio should be seen as an investment (In reality it is actually a portfolio of contract for difference).

    Here you can not follow traders, instead you may invest in one of the eToro's top traders (So called star trader) portfolio or as part of their either in a theme.

    Let's clarify some points here: when we say investing as part of or in themes, you can refer to it as investment in a cryptocurrency portfolio, or such because they have a lot of CFDs. Some examples are the famous banks of HSBC or America, or even Citi bank. (Apart from being among the best CFD brokers, eToro is nominated for best crypto broker, or best cryptocurrency broker)

     

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.
    Disclaimer: Indicative prices; current market price is shown on the eToro trading platform. Past performance is not an indication of future results. The trading history presented is less than 5 years old and may not suffice as a basis for investment decisions. This post is not investment advice.


    How to open account on eToro.


    You can expect a very easy, smooth and professional process to open your account with eToro. All you need is an email or a social platform login
    You don't want to wast time, so do they. therefore, you will get your account opened in 1 day.
    You can immediately use your demo account with 100K credit in it.

    However, if you decide to move forward as a trader and work with real money and real shares or trades, get ready to provide your passport or ID along with proof of residency (something like a utility bill or bank statement). Well, its more than easy to place an order and you will be guided throughout the process.
    As you can see in the image below, you will be prompted with easy to use wizard for getting onboard with eToro.

    etoro account

    Performance Tracking

    Tip about away times:
    You can set alerts and notifications on eToro and customise it. For instance, your alert can be set for a time that an asset reaches certain price target, or for fulfilment of order.
    No matter you use desktop, web or mobile for your trading, you can get different kind of notifications.

    I will put it simply, whether you need a pie chart, or list of assets, you can easily generate it and track the performance of your portfolio in eToro, It's kinda easy and you can see a structured cash flow and other financial related reports.
    Follow this path:

  • Navigate to portfolio
  • Then History
  • Access your account statement

  • Cryptocurrency & Stock Exchange

    Everyone should be aware of the fact that your capital is at risk when you trade stocks and ETF (Especially for non-leverage and ETFs, since they are real assets). You should know it by now.
    Unlike many other foreign exchange or CFD brokers, 16 stock markets to access. Investing in Cryptocurrency, considering its high fluctuation rate is not appropriate for everyone, and is not supervised by any EU regulatory authority, hence you will not get any investor protection.

    The list of 16 stock exchanges and crypto offers that you will gain access are listed below:

    • Amsterdam
    • NYSE
    • New York Tech
    • Euronext Brussels
    • Euronext Lisbon
    • Frankfurt
    • London
    • Paris
    • Madrid
    • Milan
    • Zurich
    • Oslo
    • Stockholm
    • Copenhagen
    • Helsinki
    • Hong Kong
    • Bitcoin
    • Bitcoin Cash
    • Ethereum
    • Ethereum Classic
    • Ripple
    • Litecoin
    • Cardano
    • IOTA
    • TRON
    • ZCASH
    • Binance coin
    • Dash
    • Stellar
    • EOS
    • NEO
    • Tezos
    • XRP

    Finally, Research & Education

    Alright, if you are looking for fancy videos and a lot of videos to begin with, top 10 best is a much better resource since we have hundreds of pages and detailed reviews and tools, guides and articles (We do not offer investment advice and guarantees).
    eToro education tools are not that comprehensive, yet you will get a demo account and sufficient balance to begin practicing.

    On the Contrary, when it comes to research it offers decent technical analysis tools (in 21 languages) that engages you with good UI and user friendliness environment, nice interactive charts, and some recommendations about analysis and ideas on trading.
    for instance, only for a limited number of well-known products, there are recommendations such as hedge fund and insider trading sentiment, or (buy/hold/sell) also known as analyst consensus, and average price target analysis.

    The charts and charting feature is pretty good. It saves automatically and let you play around with around 70 indicators.

    Our Take


    Overall eToro considered to be a safe, and regulated(in some markets). They offer good research tools and easy to navigate online trading platform. If you are ready to trade, just make sure you are aware of the risks. If not, it is a good platform to start with a demo account and then move to online trading.


    eToro

    Best Online broker for CFD, Forex and Crypto


    4.3

    Minimum Deposit

    $200

    Start Trading



    Plus500 Review in 2020

    At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

    By the way, we’re 100% free to use & fully independent
    Trusted by thousands



    plus500 review


    Plus500 Review in 2020

    At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

    By the way, we’re 100% free to use & fully independent
    Trusted by thousands


    plus500 review Plus500 Review:
    Best CFD & Forex Broker in 2020 (Great User Experience)


    As one of the best FX & CFD brokers in the world, Plus500, an Israel based online broker was established in 2008 and publicly listed in London Stock Exchange.
    Plus500 safety level is pretty high as it is under governance by the following top tier financial authorities:

  • Financial Conduct Authority (FCA) in the United Kingdom
  • Australian Securities and Investments Commission (ASIC)
  • Cyprus Securities and Exchange Commission (CySEC)
  • FSCA of South Africa & FMA of New Zealand
  • Singapore: (Monetary Authority of Singapore
  • And finally in their home town, Israel, the Israel Securities Authority (ISA)
  • The portfolio of products and services that Plus500 offers are not very comprehensive. Even though there are variety of CFD options, you can only trade the following stocks:

  • Forex,
  • Crypto,
  • CFD
  • We have analysed over 31 Tier-1 online brokers & online trading paltforms, and rated Plus500 as an option for:

  • Best low trading fee online broker
  • Safe Online broker
  • Best Forex Broker
  • Plus500 pros and cons

    Apart from regulation that we talked about, online trading platform that Plus500 offers to you as a trader is among the best. It's comprehensive, and very easy to use. Plus500 lacks in offering great educational materials but you will have a demo account to practice.

    The bright side is their low trading fee, and their decent customer support. Additionally, you can deposit at no cost and withdraw 5 times a month.
    There is always a flip side of the coin and it is Plus500's limited offers and portfolio (Most Forex & CFD).



    best cfd broker
    Best online CFD & FX broker
    (Great User Experience)
    Trade Now

    Account Fees:

    NO

    Minimum deposit:

    $100

    Withdrawal Fees:

    Free

    Investor Protection:

    £85,000 for UK residents,
    €20,000 for Europe (Swiss & Norway)

    Regulated:

    YES, UK, Israel, Australia, Singapore, Cyprus, South Africa & New Zealand

    Customer Support:

    Live Chat, Email

    Demo Account:

    YES

    Trading Options:

    Forex FX, CFD, Crypto

    Expert rating:

    Online Trading Platform: Desktop, Mobile, Web

    Commission rating:

    Research rating:

    Education rating:

    Overal Ranking:

    4.5 / 5

    Deposit & Withdrawal Type:

    Free / Bank Transfer, Credit/Debit card, Electronic wallets

    Open Account

    Plus500 Pros and Cons

    Apart from regulation that we talked about, online trading platform that Plus500 offers to you as a trader is among the best. It's comprehensive, and very easy to use. Plus500 lacks in offering great educational materials but you will have a demo account to practice.

    The bright side is their low trading fee, and their decent customer support. Additionally, you can deposit at no cost and withdraw 5 times a month.
    There is always a flip side of the coin and it is Plus500's limited offers and portfolio (Most Forex & CFD).


    How Much is Plus500 Fees

    There are Pros and Cons here too.
    The fees for S&P 500 CFD, Europe 50 CFD, EUR USD are built into spread.
    ✓ For S&P 500 CFD the fee is 0.45 average spread cost, which is considered to be low.
    ✓ For Europe 50 CFD the fee is 1 average spread cost, which is considered to be low.
    ✕ For EURUSD the fee is 0.6 pip average spread cost, which is considered to be low.
    ✕ There is inactivity fee of $10 per month after 3 months.


    TIP: In reality it can take couple of business to deposit via bank transfer, Yet credit card and debit cards are done instantly.
    Some other positive points are:


    best cfd broker
    Pros

    Free deposit and 5 withdrawal per month

    Low forex trading fees

    Decent Customer Service

    Updated Online Trading Platform


    best cfd broker
    Cons

    No Phone Support

    Portfolio is limited to CFD & Forex

    There is Inactivity fees



    Trading Vs Non-Trading fees

    Thats not all the fees
    As you can see in the table above we ranked Plus500 fees (in the table in 3 different categories: from low, average to high) compare to 2 other competitors and brokers: XTB and eToro
    Well, you need to keep an eye on broker fees such as trading fees and non-trading fees too.

    Trading fees are very easy to understand. Those fees are there only when you trade anything.
    Plus500 is very transparent with its trading fees.
    You can withdraw 5 times a month at no cost, but if you do try more than that in every 30 days, you will be charged $10.
    If you wish to withdraw through banks, you ought to pay another $6 as a fix fee.
    In cases where you withdraw any amount less than the minimum withdrawal amount of $100 in Plus500, You will also be charged $10. Generally, trading fees come in formes of:

    Trading fees come in forms of:

  • Commissions
  • Spreads
  • Financial Rates
  • Conversion Fees
  • Now it's time for Non-trading fees
    These charges are not 100% related to what you trade. You have seen them in the table above. they are fees such as withdrawal and inactivity fees.

    Plus500

    Best Online broker for CFD, Forex (Great User Experience)


    4.5

    Minimum Deposit

    $100

    Trade Now

    Plus500 Trading fees

    Plus500, which is primarily known as a forex or CFD broker offers only one type of account with different base currencies. You can contact their support team to change your base currency. Let's deep dive and have a look at plus500's fees for stock, forex and CFD fees. we will also run a comparison table with two big brokers to show you the difference.
    The Scenario is running this way: A typical trade means buying a leveraged position, holding it for 7 days and only sell after that period.
    * Volume: a $2,000 position for the stock Index
    * Volume: a $2,000 position for CFD
    * Volume: $20,000 for the forex transactions.
    The leverage in this scenarios is:
    • 20:1 stock index CFDs
    • 5:1 CFD
    • 30:1 forex
    • Stock CFDs are Apple & telecommunication giant Vodafone


    Here is the tabular view of plus500's fees and side by side comparison with other 2 brokers.


    CFD Scenario

    CFD Fees

    Plus500

    eToro

    XTB

    S&P 500 CFD

    $2.1

    $2.2

    $2.0

    Europe 50 CFD

    $1.3

    $2.7

    $2.2

    Apple CFD

    $8.9

    $6.3

    $17.9

    Vodafone CFD

    $7.6

    ---

    $20.9


    Forex Scenario

    Benchmark Fee

    Plus500

    eToro

    XTB

    EURUSD

    $17.9

    $19.6

    $15

    GBPUSD

    $14

    $16.2

    $11.1

    AUDUSD

    $12.6

    $12.4

    $10

    EURCHF

    $9

    $11.8

    $6.6

    EURGBP

    $14.4

    $19.9

    $9.9


    To start trading plus500 does not charge any deposit fees, but you ought to remember that in order to deposit money you have to use funding sources that are in your own name. If you are ready to trade, go ahead and use the live account, If not plus500 offers a demo account to practice..


    Plus500's Online Trading Platform

    plus500 does not offer desktop platform but it provides access to a unique mobile trading app and web trading platform. Even though it is liked by experienced traders, we have received feedback from beginners that they could easily navigate through the tabs and the entire online trading platform. One fun part is the search functionality.

    Plus 500 mobile apps are available for IOS, Android and Windows Phone. If you want to trade on to go, you may use mobile trading platforms on your android and ios device. it gives you the flexibility of mobile as well as some cool features such as push notifications or enhanced touch experience to act by swiping right or left.
    To add more security and protect your account, you can setup two-step login feature in your profile.
    The UI & UX of plus500 trading platform is unique and user friendly.
    At a glance it looks like this:



    You should not be worried if English is not your strength, because plus500 online trading platform is available in the following19 languages: In middle east it covers Arabic, Bulgarian, Simplified Chinese, Czech, French, German, Hungarian, Italian, Japanese, their origin language of Polish, then Romanian, Russian, Slovenian, Portuguese & Spanish languages, Thai, Turkce for Turkish citizens, Vietnamese and of course English.

    When it comes to trading, customer service plays a big role.
    Overall, plus500 customer support team responds fast via email (but they do not answer Phone calls). They have a live chat and offer help in English.

    Plus500

    Best Online broker for CFD, Forex (Great User Experience)


    4.5

    Minimum Deposit

    $100

    Trade CFD Now

    What can you trade on Plus500

    Products, Portfolio and Markets

    The trading options that are available to you at plus500 are:

  • CFD
  • Forex
  • Cryptocurrency
  • Tip: When you buy with no leverage (leverage=1) you buy real stocks and not contract for difference. That's why Non-leveraged buy positions for equities, ETFs and cryptocurrencies (digital currency) are traded as real assets. (Be aware of the risks of price movements)
    All other positions are kind of contract for difference (this applies to cfd traders). An example could be leveraged buy positions and all sell positions of stocks, ETFs and cryptos as well as all forex, commodities and indices positions.

    Tip: Changing the leverage manually is a very useful feature when you want to lower the risk of a trade. For instance, rather than trading with X:1 leverage (x higher than Y), only trade with Y:1 leverage for stock CFDs. Please be reminded that forex and CFD trading default leverages are high, don't gamble.



    best forex broker Trade Online Now

    Currency pairs:

    70

    Stock index CFDs:

    33

    Stock CFDs:

    1800

    ETF CFDs:

    92

    Commodity CFDs:

    22

    Bond CFDs:

    --

    Future CFDs:

    --

    Cryptos:

    14


     

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.
    Disclaimer: Indicative prices; current market price is shown on the broker's trading platform. Past performance is not an indication of future results. The trading history presented is less than 5 years old and may not suffice as a basis for investment decisions. This post is not investment advice.



    How to open account on plus500.


    Citizens of most countries are allowed to open account, however, Plus500, as a forex or CFD broker offers only one type of account and you can not open an account if you are from USA or Canada).
    You can expect a very easy, smooth and professional process to open your account with Plus 500. All you need is an email or a social platform login
    You don't want to wast time, so do they. therefore, you will get your account opened in 1 day. Additionally, you will get access to use your demo account, immediately

    However, if you decide to move forward as a trader and work with real money and real shares or trades, get ready to provide your passport or ID along with proof of residency (something like a utility bill or bank statement). In some cases a video verification might be asked too. Well, its more than easy to place an order and you will be guided throughout the process.
    As you can see in the image below, you will be prompted with easy to use wizard for getting onboard with plus500.

    in brief follow these 5 steps for account opening at plus500:

    1. Get ready with you email address
    2. Select the country of residency.
    3. Provide demographic data
    4. Select your account type & base currency.
    5. Provide identity and residency proof for activation.

    plus500 review

    Performance Tracking

    Tip about away times:
    You can set alerts and notifications on plus500 and customise it. For instance, your alert can be set for a time that an asset reaches certain price target, or for fulfilment of order.
    No matter you use web or mobile for your trading, you can get different kind of notifications.
    Additionally, you might get yourself registered with traders' Sentiment so the system can inform you if a certain percentage of traders ( Buyers or Sellers) reaches a preset level that matters to you.
    I will put it simply, whether you need a pie chart, or list of assets, you can easily generate it and track the performance of your portfolio in plus500, It's kinda easy and you can see a structured cash flow and other financial related reports.
    Follow this path:

  • Navigate to portfolio
  • Then History
  • Access your account statement

  • plus500 offer new feed too and it is all produced by in-house research team. In 2018, they managed to please the jury and be awarded by Bloomberg as Best EMEA FX Forecast. What you can expect is a combination of economic calendar data release, what trader's talk recommendations, and a bit about market development.

    Finally, Research & Education

    Alright, if you are looking for fancy videos and a lot of videos to begin with, top 10 best is a much better resource since we have hundreds of pages and detailed reviews and tools, guides and articles (We do not offer investment advice and guarantees).
    plus500 education is not that comprehensive. You will get a demo account and sufficient balance to begin practicing.
    The Research part however is comparatively strong. for instance, they have a feature called 'Market sentiment' that illustrates the log and short positions of percentage of the clients.
    When it comes to research it offers decent technical analysis tools (in 21 languages) that engages you with good UI and user friendliness environment, nice interactive charts, and some recommendations about analysis and ideas on trading.
    The charts and charting feature is pretty good. You can use almost 107 technical analysis. Please bear in mind that this broker does not offer the following:
    • Trading ideas
    • Fundamental data

    Our Take


    After careful evaluation, we believe plus500 is among top-tier online brokers, especially when it comes to trading CFD and forex in 2020.
    Couple of reasons could be it's regulation and being listed in stock exchange that makes it safer to trade. Also it is regulated by several financial authorities globally.

    Good thing is that plus500's trading fees on forex and stock index CFD are low, and they allow you to withdraw for free and 5 times a month, In fact it's done pretty fast. No need to talk about the fully automated account opening process which is a great joy.
    On the negative side, plus500 is good for FX and CFDs but does not offer much of other options to trade, especially if you are outside Europe. They charge you inactivity fee and do not offer that much of educational materials


    Plus500

    Best Online broker for CFD, Forex (Great User Experience)


    4.5

    Minimum Deposit

    $100

    Start Trading



    MarketsX Review in 2020

    At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

    By the way, we’re 100% free to use & fully independent
    Trusted by thousands



    MarketsX review


    MarketsX Review in 2020

    At Top10best.io, we strive to help you make informed decisions about financial matters. We provide you with detailed review of brokers and financial brands in the market.

    By the way, we’re 100% free to use & fully independent
    Trusted by thousands


    MarketsX review MarketsX Review:
    Best CFD & Forex Broker in 2020


    As one of the best forex brokers and CFD brokers in the world, MarketsX has been in the market since 2010 and offered CFD and FX Forex trading options to online traders.

    In the United Kingdom, MarketsX is governed by (FCA): Financial Conduct Authority. In Cyprus they are under governance by Securities and Exchange Commission (CySEC). There are 2 more markets that they are regulated and that is Australia and UK.

    In terms of safety, even though they do not hold a banking license or listed on stock exchange but being regulated in certain markets is a positive signal to categorize them as a safe broker, So, they maintain a good reputation as a safe broker.
    The portfolio of products and services that MarketsX offers are mainly around Forex, CFD, Crypto. They also offer Blends but we all know that it is kinda CFD. We have analysed over 31 Tier-1 online brokers & online trading paltforms, and rated MarketsX as an option for:

  • Best broker for CFD
  • Best forex broker
  • High Forex fee Online Broker
  • Low CFD fee Online Broker
  • You can read more about our Methodology and factors that we consider to review and score each brand.

    MarketsX Pros and Cons

    Since 2010. MarketsX offers low-fee CFD trading options and also high-forex-fee too.

    Using their online trading platform is easy and account opening process is pretty fast and smooth. They have fast and free of charge withdraw process. When it comes to fees, forex trading leads to higher cost than any CFD..

    Apart from their High financial fees, the other flip side of the coin is MarketsX 's limited portfolio.



    best cfd broker
    Best broker for
    Forex & CFD
    Trade Now

    Account Fees:

    NO

    Minimum deposit:

    $250 in UK

    Withdrawal Fees:

    Free

    Investor Protection:

    £85,000 for UK residents, €20,100 for Europe

    Regulated:

    YES, UK, Cyprus, Poland, Belize

    Customer Support:

    Live Chat, Phone, Email

    Demo Account:

    YES

    Trading Options:

    CFD, Blends,
    Crypto, Forex

    Expert rating:

    Online Trading Platform: Desktop, Mobile, Web

    Commission rating:

    Research rating:

    Education rating:

    Overal Ranking:

    4.2 / 5

    Deposit & Withdrawal Type:

    Free / Bank Transfer, Credit/Debit card, Electronic wallets

    Open Account

    MarketsX Pros and Cons

    Since 2010. MarketsX offers low-fee CFD trading options and also high-forex-fee too.

    Using their online trading platform is easy and account opening process is pretty fast and smooth. They have fast and free of charge withdraw process. When it comes to fees, forex trading leads to higher cost than any CFD..

    Apart from their High financial fees, the other flip side of the coin is MarketsX 's limited portfolio.


    How Much is MarketsX Fees

    There are Pros and Cons here too.
    The fees for S&P 500 CFD, Europe 50 CFD, EUR USD are built into spread.
    ✓ For S&P 500 CFD the fee is 0.4 average spread cost, which is considered to be low.
    ✓ For Europe 50 CFD the fee is 1.6 average spread cost, which is considered to be low.
    ✕ For EURUSD the fee is 0.6 pips average spread cost, which is considered to be high.
    ✓ There is $10 monthly inactivity fee after a quarter.


    TIP: In reality it can take couple of business to deposit via bank transfer, Yet credit card and debit cards are done instantly.
    Some other positive points are:


    best cfd broker
    Pros

    Free withdrawal and no cost for deposit

    Low CFD fees

    Smooth Account opening

    Opening account is fast and seamless


    best cfd broker
    Cons

    Trading fees are High

    No Support during Weekends

    Portfolio is limited to CFD & Forex Only



    Trading Vs Non-Trading fees

    Thats not all the fees
    As you can see in the table above we ranked MarketsX fees (in the table in 3 different categories: from low, average to high) compare to 2 other competitors and brokers: Plus500 and eToro
    Well, you need to keep an eye on broker fees such as trading fees and non-trading fees too.

    Trading fees are very easy to understand. Those fees are there only when you trade anything.
    Trading fees come in formes of:

  • Commissions
  • Spreads
  • Financial Rates
  • Conversion Fees
  • Now it's time for Non-trading fees
    These charges are not 100% related to what you trade. You have seen them in the table above. they are fees such as withdrawal and inactivity fees.

    MarketsX

    Best Online broker for CFD, Forex


    4.2

    Minimum Deposit

    $250

    Trade Now

    MarketsX Trading fees

    MarketsX , which is primarily known as a forex or CFD broker offers 2 types of accounts. as standard account holder you pay spreads and as pro account you shall pay commissions which is $4/€3.5/£2.5 per every lot. The commission for trading stock index CFDs is $8/€8/£8, for ETF CFDs and stock contract for difference.
    Let's deep dive and have a look at MarketsX 's fees for stock, forex and CFD fees. we will also run a comparison table with two big brokers to show you the difference.
    The Scenario is running this way: A typical trade means buying a leveraged position, holding it for 7 days and only sell after that period.
    * Volume: a $2,000 position for the stock Index
    * Volume: a $2,000 position for CFD
    * Volume: $20,000 for the forex transactions.
    The leverage in this scenarios is:
    • 20:1 stock index CFDs
    • 5:1 CFD
    • 30:1 forex
    • Stock CFDs are Apple & telecommunication giant Vodafone


    Here is the tabular view of MarketsX 's fees and side by side comparison with other 2 brokers.


    CFD Scenario

    Benchmark Fees

    MarketsX

    Plus500

    eToro

    S&P 500 CFD

    $2.6

    $2.1

    $2.4

    Europe 50 CFD

    $2.5

    $1.3

    $2.7

    Apple CFD

    $6.4

    $8.9

    $6.3

    Vodafone CFD

    $6.7

    $7.6

    ---


    Forex Scenario

    Benchmark Fee

    MarketsX

    Plus500

    eToro

    EURUSD

    $24.5

    $17.9

    $19.6

    GBPUSD

    $25

    $14

    $16.2

    AUDUSD

    $25.1

    $12.6

    $12.4

    EURCHF

    $22.1

    $9

    $11.8

    EURGBP

    $20.5

    $14.6

    $19.9


    One good thing about MarketsX is that it operates in majority of countries except the following countries:

  • Brazil, Turkey, Belgium
  • USA, Canada
  • New-Zealand, Hong Kong, Japan,
  • South-Korea, Israel, Russia,
  • The minimum deposit is $250, and you can select your preferred base currency from the following: 9 base currencies: DKK, NOK,USD, EUR, GBP, PLN, SEK, ZAR, AUD.
    To start trading MarketsX does not charge any deposit fees, but you ought to remember that in order to deposit money you have to use funding sources that are in your own name. If you are ready to trade, go ahead and use the live account, If not MarketsX offers a demo account to practice.


    MarketsX 's Online Trading Platform

    MarketsX does not offer desktop platform but it provides you with decent mobile trading app, and web trading platform. In comparison with other online trading platforms, it really look nice and easy to use. One fun part is the search functionality. They have an inhouse online trading platform that you can use or you may use the 3rd party tool called MetaTrader 4.

    If you want to trade on to go, you may use mobile trading platforms on your android and ios device. it gives you the flexibility of mobile as well as some cool features such as push notifications or enhanced touch experience to act by swiping right or left.
    Unfortunately, you can not setup two-step login feature in your profile.
    The UI & UX of MarketsX trading platform is unique and user friendly.
    At a glance it looks like this:



    You should not be worried if English is not your strength, because MarketsX online trading platform is available in the following19 languages: In middle east it covers Arabic, Bulgarian, Simplified Chinese, Czech, French, German, Hungarian, Italian, Japanese, their origin language of Polish, then Romanian, Russian, Slovenian, Portuguese & Spanish languages, Thai, Turkce for Turkish citizens, Vietnamese and of course English.

    When it comes to trading, customer service plays a good role.
    Overall, MarketsX customer support team responds fast via email (but they don't support you on weekends). They have a live chat and offer help in English.

    MarketsX

    Best Online broker for CFD & Forex Trading


    4.2

    Minimum Deposit

    $250

    Trade CFD Now

    What can you trade on MarketsX

    Products, Portfolio and Markets

    The trading options that are available to you at MarketsX are:

  • CFD
  • Forex
  • Cryptocurrency
  • When you buy with no leverage (leverage=1) you buy real stocks and not contract for difference. That's why Non-leveraged buy positions for equities, ETFs and cryptocurrencies (digital currency) are traded as real assets. (Be aware of the risks of price movements / we have no info at this moment about fiat currencies)
    All other positions are kind of contract for difference (this applies to cfd traders). An example could be leveraged buy positions and all sell positions of stocks, ETFs and cryptos as well as all forex, commodities and indices positions.

    Tip: Changing the leverage manually is a very useful feature when you want to lower the risk of a trade. For instance, rather than trading with X:1 leverage (x higher than Y), only trade with Y:1 leverage for stock CFDs. Please be reminded that forex and CFD trading default leverages are high, don't gamble.



    best forex broker Trade Online Now Important Tip: You can not change the default leverage level of the products.

    Currency pairs:

    55

    Stock index CFDs:

    11

    Stock CFDs:

    2000

    ETF CFDs:

    42

    Commodity CFDs:

    17

    Bond CFDs:

    4

    Future CFDs:

    --

    Crypto:

    5


     

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% 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.
    Disclaimer: Indicative prices; current market price is shown on the broker's trading platform. Past performance is not an indication of future results. The trading history presented is less than 5 years old and may not suffice as a basis for investment decisions. This post is not investment advice.



    How to open account on MarketsX .


    You can expect a very easy, smooth and professional process to open your account with Markets X. All you need is an email or a social platform login
    You don't want to wast time, so do they. therefore, you will get your account opened in 1 day.
    You can immediately use your demo account or you can proceed with verification and start using your live account.

    However, if you decide to move forward as a trader and work with real money and real shares or trades, get ready to provide your passport or ID along with proof of residency (something like a utility bill or bank statement). In some cases a video verification might be asked too. Well, its more than easy to place an order and you will be guided throughout the process.
    in brief follow these 6 steps for account opening at MarketsX :

    1. Get ready with you email address
    2. Select the country of residency.
    3. Provide demographic data
    4. Choose your preferred online trading platform
    5. Select your account type & base currency.
    6. Provide identity and residency proof for activation.


    Performance Tracking

    Tip about away times:
    You can set alerts and notifications on MarketsX and customise it. For instance, your alert can be set for a time that an asset reaches certain price target. One negative point here is that you can not set alarm for order confirmation.
    No matter you use desktop, web or mobile for your trading, you can get different kind of notifications.

    I will put it simply, whether you need a pie chart, or list of assets, you can easily generate it and track the performance of your portfolio in MarketsX , It's kinda easy and you can see a structured cash flow and other financial related reports.
    MarketsX offer news feed too and it is all produced by in-house research team but the content is not that visually appealing.

    MarketsX review
    Finally, Research & Education

    Alright, if you are looking for fancy videos and a lot of videos to begin with, besides our top 10 best blog, you can find a lot of educational materials at MarketsX. We have hundreds of pages and detailed reviews and tools, guides and articles (We do not offer investment advice and guarantees).
    MarketsX education is decent, there are videos, webinars, articles and more about trading and also their trading platforms that works for beginners and experienced traders.

    You will get a demo account and sufficient balance to begin practicing.
    The Research part is also comparatively strong. for instance, they have a feature called 'Market sentiment' that illustrates the log and short positions of percentage of the clients. MarketsX offers one more fancy tool called the 'Heatmap,' that visually shows the winners and losers.
    On the Contrary, when it comes to research it offers decent technical analysis tools (in 21 languages) that engages you with good UI and user friendliness environment, nice interactive charts, and some recommendations about analysis and ideas on trading.
    for instance, only for a limited number of well-known products, there are recommendations such as hedge fund and insider trading sentiment, or (buy/hold/sell) also known as analyst consensus, and average price target analysis.

    The charts and charting feature is pretty good. They also offer trading Ideas.

    Our Take


    After careful evaluation, even though it has high forex trading fees, we believe MarketsX is among top-tier best CFD brokers in 2020.
    Couple of reasons could be it's regulation, as it is supervised by several financial authorities globally. The easy to use trading platform that they offer is an advantage for online trader on the go.

    Good thing is that MarketsX's CFD fees are comparatively low, and they allow you to withdraw for free and it's done pretty fast. No need to talk about the fully automated account opening process that enables you to get started ASAP.
    On the negative side, biggest negative point on MarketsX is its high financial fees and limited portfolio of CFD and Fx Forex trading. Overall it's a trustworthy brokerage to use.


    MarketsX

    Best Online broker for CFD & Forex


    4.2

    Minimum Deposit

    $250

    Start Trading