Top Sp 500 Brokers for 2024

We found 11 online brokers that are appropriate for Trading Sp 500.

Best Sp 500 Brokers Guide

Analysis by Andrew Blumer, Updated and fact checked by Senad Karaahmetovic, Last updated - April 25, 2024

S&P 500 Brokers

When you're stepping into the world of trading, particularly with an eye on the S&P 500, you're engaging with one of the most venerable equity indices out there. The S&P, with its ticker SPX, is a barometer for the U.S. economy's health and a staple for investors worldwide. Now, choosing the right broker for this endeavor is crucial, and it's something I've spent a good deal of my 20 year trading career fine-tuning.

First off, the foundation of a solid SPX 500 broker choice is their regulatory standing. It's imperative to ensure that any broker you consider is under the strict oversight of reputable authorities like the FCA. This isn't just about legality; it's about the safety of your investments and the integrity of your trades.

Having personally navigated numerous platforms, I've distilled my insights into a curated list that not only ticks the regulatory box but excels in several other critical areas. One of the first things I assess is the platform's direct market access. You want a broker that offers you a seamless conduit to the S&P 500, with real-time data and swift execution speeds to capitalize on market movements as they happen.

Costs and fees are another pivotal aspect. The trading environment is dynamic, and every penny counts. I've dissected the fee structures of these platforms, weighing them against the services provided. It's not just about low fees; it's about getting value that enhances your trading strategy.

In sharing this list, my aim is to arm you with a toolkit that's been honed by decades of trading experience. It's about giving you a head start in selecting a broker that not only meets your immediate needs but also supports your growth as a trader in the S&P 500 indices financial markets.

Best S&P 500 (SPX) brokers

IC Markets

IC Markets Screenshot

As an experienced trader who's been around the block a few times, I've come to appreciate IC Markets for its strengths in facilitating high-frequency trading techniques, particularly when it comes to the S&P 500 index. The platform's tight spreads and swift order execution are a godsend for strategies like scalping or day trading, minimizing slippage and maximizing our potential gains. It's not just about the S&P 500; their range of instruments is vast, and the backing by reputable regulators like ASIC and CySEC gives us peace of mind. However, the volatile nature of the markets, especially when dabbling in indices, requires a vigilant eye at all times.

eToro

eToro Screenshot

Now, eToro is a different beast altogether, especially for those new to trading the S&P 500 index. Its social trading capabilities are groundbreaking, offering a blend of traditional brokerage services with a sprinkle of social media-like features. The CopyTrading option is a boon for rookies, allowing them to mirror the moves of the more seasoned traders among us. With a community over 30 million strong, there's a wealth of knowledge to tap into. The platform is intuitive, and with top-notch regulation, it's as secure as they come. But remember, following the herd isn't always the best strategy; doing your own homework is key.

RoboForex

Roboforex Screenshot

For those a tad more seasoned in trading the S&P 500, RoboForex can be quite the ally. Its compatibility with both MT4 and MT5 means you've got technological flexibility at your fingertips, which is critical in the fast-paced world of index trading. The platform is user-friendly, and the execution speed is on point, helping you leverage S&P 500 price movements effectively. Yet, tread carefully; its penchant for high leverage can amplify both wins and losses, so it's best suited for those who know how to navigate these waters.

XTB

XTB Screenshot

XTB stands out for those who value education and deep market analysis, particularly within the volatile realms of indices like the S&P 500. Their dedication to educating traders, combined with rigorous regulatory oversight, makes it a solid choice. However, in the thick of trading, remember that theory and practice can sometimes diverge. It's the hands-on experience that will truly hone your skills.

XM

XM Screenshot

XM shines with its exceptional customer support and a wide array of trading options, making it a reliable partner for trading the S&P 500. The platform's commitment to support and regulatory compliance ensures a smooth and secure trading journey. However, navigating the complexities of index trading requires more than just a supportive platform; it demands a keen understanding of market dynamics.

AvaTrade

AvaTrade Screenshot

AvaTrade is a gem for traders looking for versatility in funding and withdrawal options, with a suite of services catering to both novices and veterans of the S&P 500 index trading. The AvaTradeGo app enhances trading convenience, while the AvaSocial platform brings a communal aspect to trading. However, it's the comprehensive instrument offering and the no-commission structure that truly sweeten the deal, providing ample opportunities for portfolio diversification.

FP Markets

FP Markets Screenshot

FP Markets' commitment to cutting-edge technology makes it a prime choice for trading the S&P 500, offering platforms like MetaTrader 4 and MetaTrader 5 that are equipped with advanced features for efficient trade execution. The low spreads are a boon for cost-conscious traders, while the diversity in trading options allows for strategic flexibility across various markets.

Pepperstone

Pepperstone Screenshot

Pepperstone is an excellent choice for S&P 500 enthusiasts, offering a straightforward account setup and a diverse range of over 1200 financial instruments. Its Razor Account, with raw spreads starting from 0 pip, is particularly attractive for those looking to minimize costs. The platform's robust regulatory framework provides an added layer of security, making Pepperstone a solid contender for S&P 500 trading.

When choosing a broker to invest in the S&P 500, consider factors such as fees, available investment options, trading platforms, research and educational resources, and customer service. It's also important to ensure that the broker is registered with and regulated by relevant authorities, such as the Securities and Exchange Commission (SEC) in the United States and the Financial Industry Regulatory Authority (FINRA).

How To Trade The S&P 500 Index

Trading SPX500 Indices

S&P 500 trading chart technical analysis

Trading the S&P 500 can be done several ways. I'm here to impart some wisdom on trading the S&P 500. This index is not just a benchmark for U.S. equities; it's a battlefield where fortunes are made and lost. Here's a rundown of the financial instruments you can wield in your quest to conquer the S&P 500:

Direct Investment in S&P 500 Stocks

At the heart of the S&P 500 are the 500 largest publicly traded companies in the U.S. You can buy shares in these companies directly, betting on their individual performance as well as their contribution to the overall index.

Exchange-Traded Funds (ETFs)

ETFs are a popular choice for their simplicity and diversification. An S&P 500 ETF holds all the stocks in the index, allowing you to invest in the entire market with a single purchase. SPY and IVV are prime examples, tracking the performance of the S&P 500 closely.

Mutual Funds

Index Mutual Funds: Similar to ETFs, these funds track the S&P 500 but are structured as mutual funds. Vanguard 500 Index Fund (VFIAX) is a popular example. They may have minimum investment requirements but offer the advantage of buying into the index without needing a brokerage account designed for trading stocks and ETFs.

S&P 500 CFD Trading

S&P 500 CFDs are derivative products used by more experienced traders, that allow you to speculate on the price movement of the S&P 500 without owning the underlying assets. They offer leverage and flexibility, but also carry a high level of risk.

There are advantages to trading with CFDs as SP 500 brokers do not charge fees or commission and allow traders to take advantage of high risk leverage. Trading with CFDs your financial exposure is larger than your deposited amount.

CFD trading allows you to profit on both the rise and fall of the S&P 500 index market price while not owning any underlying assets. Be aware that will CFDs you may lose more than your deposited amount.

Futures Contracts

S&P 500 futures contracts are essentially bets on where the index will head in the future. Now, these aren't your run-of-the-mill investments; they're intricate tools that pack a punch with leverage and margin. You've got to navigate SP500 futures with caution, especially if you're just starting out in the trading world.

E-mini S&P 500 Futures (ES): These are traded on the Chicago Mercantile Exchange (CME) and offer a way to speculate on the future value of the S&P 500 Index. Futures contracts can be used for hedging risks or speculative purposes but involve a higher level of complexity and risk.

S&P 500 Options

Options on the S&P 500 index give you the right, but not the obligation, to buy or sell the S&P 500 index at a set price before a certain date. They can be used for hedging or speculative purposes, offering high leverage but also high risk.

Options on S&P 500 ETFs or Futures: Trading options (calls and puts) allows for strategies that can profit from the index moving up, down, or sideways, with a defined risk profile. Options trading can be complex and requires a good understanding of the strategies and risks involved.

Things You Should Consider Before Start to Trade S&P 500

Here are some key things to consider before you start to trade the S&P 500.

Research and Strategy: Before trading, research and define your strategy, risk tolerance, and investment goals. Consider whether you're trading for short-term gains, long-term growth, or hedging.

Costs and Fees: Be aware of costs, including fund expense ratios, trading commissions (if any), and the bid-ask spread.

Market Conditions: Keep informed about market trends, economic indicators, and other factors that can influence the S&P 500’s performance.

Risk Management: Use stop-loss orders, position sizing, and diversification to manage risk. Be particularly cautious with leveraged and derivative products.

Trading the S&P 500 provides a way to engage with the broader U.S. stock market. Whether through direct stock purchases, ETFs, mutual funds, futures, or options, understanding the mechanisms, risks, and strategies associated with each method is crucial for successful trading.

Why Do People Trade The S&P 500?

S&P 500 Trading Charts

The S&P 500 is a stock market index that tracks the performance of 500 of the largest companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices and is considered to represent the best indication of the U.S. stock market and the economy's health. 

The S&P 500 is a market-capitalization-weighted index, meaning that each company's size, measured by its market capitalization, influences the index's movement proportionally. This methodology ensures that the performance of larger companies has a more significant impact on the index's value.

As a barometer of the overall stock market's health, the S&P 500 includes companies from all sectors of the economy, making it a comprehensive gauge of U.S. equity performance. It is widely used by investors as a benchmark for the American economy and to gauge the performance of their own portfolios. The index is also utilized in the creation of various financial products, including index funds and exchange-traded funds (ETFs), allowing investors to invest in a broad market segment efficiently.

The S&P 500's movements are closely monitored by financial analysts and investors worldwide as it provides a snapshot of market trends, investor sentiment, and economic outlook. Its performance is influenced by economic indicators, corporate earnings reports, geopolitical events, and other factors impacting the broader market environment.

Here are the top largest companies included in S&P 500 weighted market cap:

S&P 500 Criteria

The S&P tracks some common stocks based on company performance and other selection criteria. Inclusion in the S&P 500 is based on several eligibility criteria that ensure the index accurately represents the U.S. economy's performance through its selected companies. These criteria include:

Market Capitalization: A company must have a market capitalization of at least .2 billion. This figure can change over time as the market evolves.

Liquidity: The company must have adequate liquidity, demonstrated by the ratio of annual dollar value traded to market capitalization. It's essential that the shares are readily tradable.

Public Float: At least 10% of the company's shares must be publicly available for trading (public float).

Domicile: The company must be based in the United States. While it can operate globally, its headquarters should be in the U.S.

Financial Viability: The company should have four consecutive quarters of positive earnings.

Length of Time Publicly Traded: Generally, a company should be publicly traded for at least six to twelve months before being considered for inclusion. An IPO or direct listing must have seasoned for at least six months to ensure it meets all other eligibility criteria.

Stock Exchange: The stock must be listed on a recognized U.S. exchange, such as the New York Stock Exchange (NYSE) or NASDAQ.

Sector Representation: The index aims to represent the U.S. economy's diverse sectors. However, no specific quotas are enforced for sector inclusion.

The selection committee reviews potential candidates and makes decisions based on these criteria, ensuring that the index remains a reliable and comprehensive representation of the U.S. stock market. It's important to note that the S&P 500 is not a fixed list; it is periodically updated to reflect market changes, mergers, acquisitions, and the financial health of its constituents.

The S&P 500 Companies

S&P 500 lists 500 large cap companies who are operating mainly in the US soil. I am sure that you are familiar with some names such as Google, Apple, Microsoft, Amazon, as well as Facebook. the composition is not fixed because the committee has set certain criterions.

The reviews are done at any time by the committee. That means you will see the updates of the index more often than you’d expect. The event of review will usually be announced a few days in advance. The calculation of the S&P 500 When it comes to the calculation of S&P 500, we can clearly see the “market capitalization weighting” method.

The key to the calculation here is the total value of the shares from each company. That means the companies with larger numbers of expensive shares will have bigger weightings than the companies with cheaper shares. This takes place in real time. So, the updates are more often than other stock market indexes.

S&P 500 Broker Types

The term 'S&P 500 brokers' refers to brokerage firms that offer investors the ability to trade or invest in products linked to the S&P 500 index. These brokers provide access to various financial instruments that track the performance of the S&P 500, including exchange-traded funds (ETFs), mutual funds, futures, options, and sometimes even direct index investing through index funds.

The S&P 500, being one of the most widely recognized benchmarks for U.S. equity performance, is a popular investment choice, and thus, most major brokerage firms offer products or services that allow clients to invest in it. Here are some types of brokers and platforms where you can trade or invest in S&P 500-linked products:

Online S&P 500 Brokers

Online brokerage platforms like Charles Schwab, Fidelity Investments, TD Ameritrade, E*TRADE, and Robinhood offer easy access to S&P 500 ETFs and mutual funds. These platforms cater to individual investors and offer various tools and resources for trading and investing.

Full-Service S&P 500 Brokers

Firms such as Merrill Lynch, Morgan Stanley, and Goldman Sachs provide a full range of brokerage services, including access to S&P 500 investment products. These brokers offer personalized investment advice and portfolio management services, often at a higher cost compared to online brokers.

Discount S&P 500 Brokers

Discount brokers offer lower commission rates and fewer services than full-service brokers. They are suitable for investors who prefer a do-it-yourself approach to trading and investing. Many discount brokers provide access to S&P 500 ETFs and mutual funds.

Direct Market Access (DMA) S&P 500 Brokers

DMA brokers cater to more sophisticated traders, offering direct access to the stock exchanges for trading securities. While they primarily focus on stocks, options, and futures, traders can use DMA platforms to trade S&P 500 index futures and options directly on exchanges like the CME.

S&P 500 Robo-Advisors

Robo-advisors like Betterment, Wealthfront, and Vanguard's Digital Advisor service offer automated investment services, often including portfolios that contain S&P 500 index funds or ETFs as part of a diversified investment strategy.

Comparing The S&P 500 With Other Major US Indices

The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average (DJIA) are among the most closely watched stock market indices in the United States, each providing a snapshot of market sentiment and economic health.

Though they often move in tandem, reflecting broader market trends, there are key differences in their compositions, methodologies, and the segments of the market they represent.

Composition

S&P 500: Comprises 500 of the largest U.S.-based corporations across various sectors, making it a broad representation of the U.S. economy.

Nasdaq Composite: Includes over 2,500 stocks listed on the Nasdaq stock exchange, heavily weighted towards technology and biotech companies.

DJIA: Consists of 30 large publicly-owned companies based in the United States, spanning both the industrial and consumer sectors.

Methodology

S&P 500: Uses a market capitalization-weighted index, meaning companies with higher market caps have more influence on the index's performance.

Nasdaq Composite: Also a market capitalization-weighted index, but its heavy emphasis on tech stocks can lead to greater volatility.

DJIA: Utilizes a price-weighted index, where companies with higher stock prices, regardless of their overall market capitalization, exert more influence on the index.

Market Representation

S&P 500: Offers a broad view of the U.S. equity market and is considered the best representation of the U.S. stock market and economic conditions.

Nasdaq Composite: Reflects the performance of the tech sector and growth-oriented companies, making it a barometer for the tech industry's health.

DJIA: Often viewed as a symbol of the overall health of the industrial and consumer goods sectors, though it covers less breadth than the S&P 500 or Nasdaq Composite.

Performance

The Nasdaq Composite is generally more volatile than the S&P 500 and DJIA due to its tech-heavy composition. In bull markets, tech stocks often lead gains, but they can also suffer significant losses in downturns.

The S&P 500 provides a more stable reflection of the broader market, given its diversified sector coverage.

The DJIA can sometimes provide a skewed perspective due to its price-weighted methodology, especially if high-priced stocks experience significant price movements.

Use Case

S&P 500 is widely used by investors as a benchmark for the overall market and by fund managers for index funds and ETFs.

Nasdaq Composite is favored for tracking the performance of tech and growth stocks.

DJIA is a popular index for historical market performance and remains a go-to for general market sentiment.

Is The S&P 500 Index Fund Worth Investing In?

Before going any further, it is crucial to be aware of the benefits and drawbacks of index funds. Since index funds are managed passively – the fund follows the index – they tend to have reduced expense ratios, also called administrative charges. This quality lures in a lot of investors. It is also established that it is a rather diversified fund.

Here are some notable annual total returns for the S&P 500:

  1. 202326.29%
  2. 2022-18.11%
  3. 202128.71%
  4. 202018.40%
  5. 201931.49%
  6. 200926.46%
  7. 2008-37.00%
  8. 200328.68%
  9. 2002-22.10%
  10. 2001-11.89%

Factors Which Affect S&P 500 Price

Towards the end of every day, the market caps for all the companies listed on the S&P 500 are established. After that, the entire float-adjusted market cap of all SP 500 stocks is subsequently divided by an index divisor to then infer the index’s closing value. Due to this approach, the S&P 500 is weighted to favour corporations with a higher market capitalization.

How the S&P 500’s price moves involve stimuli like revenue, earnings per share, important news about the companies on the exchange, sociopolitical events, financial data, and interest rates. In addition to that, a bump in share price occurs whenever a corporation is added to the S&P 500. This is because trust funds have to invest in the stock if they want the index to be depicted accurately.

The S&P 500 is constantly float-adjusted. It recalculated every time new shares are issued or whenever a business removes shares off the market via a repurchase initiative. The public shares of each listed corporation are thus multiplied by the market price of an individual share to ascertain the company market capitalizations. After that, the market capitalizations are accumulated to determine the index market cap.

Adjustments to company market capitalizations are also considered via adaptations to the index divisor, i.e., a proprietary value. The index market cap is divided by the index divisor and that creates the index level. The index level is easier to report compared to company market capitalizations. The index divisor acts as the base value, which is used to define any changes that must be made to rationalize outstanding shares in any of the companies listed on the index.

The value of the companies will be the real time factor of the S&P 500 price. But it is important to understand that the value of the companies can be affected by some of the factors below:

Economic Indicators

GDP Growth Rates: Indicate the overall health of the economy. Higher growth rates typically boost investor confidence and stock prices.

Employment Data: Strong job growth signals a healthy economy, supporting higher stock prices.

Inflation Rates: Moderate inflation is normal, but high inflation can erode purchasing power and affect corporate profits.

Interest Rates: Set by the Federal Reserve, interest rates affect borrowing costs. Lower rates can stimulate investment in stocks, while higher rates may lead to a preference for fixed-income investments.

Consumer Confidence: Reflects the overall consumer sentiment towards the economy. Higher confidence can lead to increased spending and, in turn, higher corporate earnings.

Corporate Earnings

Earnings Reports: Companies in the S&P 500 releasing their quarterly earnings reports can significantly impact the index. Positive surprises can boost the index, while negative reports can lead to declines.

Forward Earnings Guidance: Future earnings projections provided by companies can influence investor expectations and stock prices.

Global Events

Geopolitical Issues: Conflicts, elections, and diplomatic relations can create uncertainty, impacting markets.

Global Economic Conditions: The global interconnectedness means that economic issues in significant markets (like the European Union or China) can affect U.S. markets.

Trade Policies and Tariffs: Changes in trade relationships can affect companies within the S&P 500, especially those with significant international exposure.

Monetary Policy

Federal Reserve Actions: The Fed's stance on monetary policy, including interest rates and quantitative easing measures, directly affects investor sentiment and the cost of capital.

Market Sentiment

Investor Sentiment: Overall market optimism or pessimism can drive stock prices beyond fundamental valuations.

Market Momentum: Trends in buying or selling can continue over time due to psychological factors among investors.

Technological and Sector-Specific Trends

Innovation and Disruption: Technological advances or changes in consumer preferences can lead to significant shifts within sectors, affecting companies differently based on their adaptation to these trends.

Regulatory and Political Environment

Regulatory Changes: Legislation affecting specific industries (like healthcare, finance, or energy) can impact companies' profitability and stock prices.

Political Stability: Stability and predictability in government policies encourage investment and economic growth.

S&P 500 'Black Swan' Events

Black swan events in trading refer to unpredictable or unforeseen occurrences that have potentially severe and wide-ranging consequences for financial markets. Coined by Nassim Nicholas Taleb in his 2007 book 'The Black Swan,' the term draws on the prior belief that all swans were white—a belief that was shattered when black swans were discovered in Australia. In financial contexts, these events are characterized by their extreme rarity, severe impact, and the widespread insistence.

S&P 500 Brokers Verdict

Trading the S&P 500 offers investors exposure to the U.S. stock market's broad performance, encapsulating the operations of 500 of the largest companies across various sectors. It's a bellwether for the U.S. economy and a benchmark for global investment portfolios.

Given its diversified nature, the S&P 500 reduces the risk of exposure to single stock volatility, making it a favored choice for both seasoned and novice investors aiming for a balanced mix of growth and stability.

The index's performance is influenced by a plethora of factors, including economic indicators, corporate earnings, global events, and monetary policy. These factors can lead to significant fluctuations, offering opportunities for profit in both rising and falling markets.

Investors can trade the S&P 500 through direct stock purchases, exchange-traded funds (ETFs), mutual funds, futures, and options, each method presenting its own set of risks and rewards.

While the S&P 500's diversified exposure minimizes some investment risks, it's crucial for traders to stay informed about global economic conditions and market trends that could impact the index.

The use of stop-loss orders, proper position sizing, and diversification across other asset classes can further mitigate risks.

The S&P 500 is a good starting point for any trader due to its broad representation of the US market. However, diversifying your portfolio across different indices can help mitigate risks and expose you to global market trends. For those looking at other significant markets, the Dow Jones and the NASDAQ offer insights into industrial giants and tech behemoths, respectively.

Europe's markets offer a variety of investment opportunities. The FTSE 100 gives a glimpse into the UK's leading companies, while the CAC 40 and DAX are gateways to France and Germany's top firms.

If you're based in the UK and looking to venture into the US market, understanding the nuances of investing in US stocks is crucial. The regulatory and market structure differences can impact your trading strategies and outcomes.

For those interested in the Asian markets, the Nikkei and Hang Seng Index offer exposure to Japan and Hong Kong's dynamic economies. These markets can be volatile but offer high growth potential for the informed and cautious investor.

We have conducted extensive research and analysis on over multiple data points on Sp 500 Brokers to present you with a comprehensive guide that can help you find the most suitable Sp 500 Brokers. Below we shortlist what we think are the best sp 500 brokers after careful consideration and evaluation. We hope this list will assist you in making an informed decision when researching Sp 500 Brokers.

Reputable Sp 500 Brokers Checklist

Selecting a reliable and reputable online Sp 500 trading brokerage involves assessing their track record, regulatory status, customer support, processing times, international presence, and language capabilities. Considering these factors, you can make an informed decision and trade Sp 500 more confidently.

Selecting the right online Sp 500 trading brokerage requires careful consideration of several critical factors. Here are some essential points to keep in mind:

Our team have listed brokers that match your criteria for you below. All brokerage data has been summarised into a comparison table. Scroll down.

Compare Key Features of Sp 500 Brokers in Our Brokerage Comparison Table

When choosing a broker for sp 500 trading, it's essential to compare the different options available to you. Our sp 500 brokerage comparison table below allows you to compare several important features side by side, making it easier to make an informed choice.

By comparing these essential features, you can choose a sp 500 broker that best suits your needs and preferences for sp 500. Our sp 500 broker comparison table simplifies the process, allowing you to make a more informed decision.

Top 15 Sp 500 Brokers of 2024 compared

Here are the top Sp 500 Brokers.

Compare sp 500 brokers for min deposits, funding, used by, benefits, account types, platforms, and support levels. When searching for a sp 500 broker, it's crucial to compare several factors to choose the right one for your sp 500 needs. Our comparison tool allows you to compare the essential features side by side.

All brokers below are sp 500 brokers. Learn more about what they offer below.

You can scroll left and right on the comparison table below to see more sp 500 brokers that accept sp 500 clients.

Broker IC Markets Roboforex eToro XTB XM Pepperstone AvaTrade EasyMarkets SpreadEx FXPro Plus500
Rating
Regulation Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076 FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19) Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC) Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217 Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI) Financial Conduct Authority (FCA) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB) Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039) FSA, Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) DFSA
Min Deposit 200 10 100 No minimum deposit 5 200 100 100 1 100 100
Funding
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
  • Bank transfer
  • Credit Card
  • Paypal
Used By 180,000+ 1,000,000+ 30,000,000+ 1,000,000+ 10,000,000+ 400,000+ 300,000+ 142,500+ 10,000+ 1,866,000+ 24,000,000+
Benefits
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Guaranteed stop loss
  • Offers Negative Balance Protection
  • Allows scalping
  • Allows hedging
  • Low min deposit
  • Offers Negative Balance Protection
  • Low min deposit
  • Guaranteed stop loss
  • Advanced Risk Management Tools
Accounts
  • Demo account
  • Mini account
  • Standard account
  • Zero spread account
  • Raw Spread account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Pro account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Islamic account
  • Demo account
  • Micro account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Zero spread account
  • ECN account
  • Islamic account
  • Demo account
  • Micro account
  • Mini account
  • Standard account
  • Managed account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
  • Demo account
  • Standard account
  • Demo account
  • Mini account
  • Islamic account
  • Demo account
  • Standard account
  • Islamic account
Platforms MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android MT4, MT5, Mac, Web Trader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, Web Trader, Tablet & Mobile apps MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5 MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps Web Trader, Tablet & Mobile apps MT4, MT5, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
Support
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  • Live chat
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  • Live chat
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  • Live chat
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  • Live chat
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  • Live chat
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Learn More Sign Up with
icmarkets
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roboforex
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etoro
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xtb
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xm
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pepperstone
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avatrade
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easymarkets
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spreadex
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fxpro
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plus500
Risk Warning Losses can exceed deposits Losses can exceed deposits 76% of retail investor accounts lose money when trading CFDs with this provider. 76-85% 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. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. 75-95 % of retail investor accounts lose money when trading CFDs 71% of retail investor accounts lose money when trading CFDs with this provider Your capital is at risk Losses can exceed deposits 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Demo IC Markets
Demo
Roboforex
Demo
eToro
Demo
XTB
Demo
XM
Demo
Pepperstone
Demo
AvaTrade
Demo
easyMarkets
Demo
SpreadEx
Demo
FxPro
Demo
Plus500
Demo
Excluded Countries US, IR, CA, NZ, JP AU, BE, BQ, BR, CA, CW, CZ, DE, ES, EE, EU, FM, FR, FI, GW, ID, IR, JP, LR, MP, NL, PF, PL, RU, SE, SJ, SS, SL, SI, TL, TR, DO, US, IT, AT, PT, BG, HR, CY, DK, FL, GR, IE, LV, LT, MT, RO, SK, CH ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, MG, MK, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, AX, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, MO, UA, JO, KR, US, IN, PK, BD, NG , ID, BE, AU US, CA, IL, IR AF, AS, AQ, AM, AZ, BY, BE, BZ, BT, BA, BI, CM, CA, CF, TD, CG, CI, ER, GF, PF, GP, GU, GN, GW, GY, HT, VA, IR, IQ, JP, KZ, LB, LR, LY, ML, MQ, YT, MZ, MM, NZ, NI, KP, PS, PR, RE, KN, LC, VC, WS, SO, GS, KR, SS, SD, SR, SY, TJ, TN, TM, TC, US, VU, VG, EH, ES, YE, ZW, ET BE, BR, KP, NZ, TR, US, CA, SG US, IL, BC, MB, QC, ON, AF, BY, BI, KH, KY, TD, KM, CG, CU, CD, GQ, ER, FJ, GN, GW, HT, IR, IQ, LA, LY, MZ, MM, NI, KP, PW, PA, RU, SO, SS, SD, SY, TT, TM, VU, VE, YE US, TR US, CA, IR MY, BE, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO


All Sp 500 brokers in more detail

You can compare Sp 500 Brokers ratings, min deposits what the the broker offers, funding methods, platforms, spread types, customer support options, regulation and account types side by side.

We also have an indepth Top Sp 500 Brokers for 2024 article further below. You can see it now by clicking here

We have listed top Sp 500 brokers below.

Sp 500 Brokers List

IC Markets
(4/5)
Min deposit : 200
IC Markets was established in 2007 and is used by over 180000+ traders. Losses can exceed deposits IC Markets offers Forex, CFDs, Spread Betting, Share dealing, Cryptocurrencies. Cryptocurrency availability with IC Markets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC)
Roboforex
(4/5)
Min deposit : 10
Roboforex was established in 2009 and is used by over 1000000+ traders. Losses can exceed deposits Roboforex offers Forex, CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by RoboForex Ltd is regulated by the FSC, license 000138/437, reg. number 128.572. RoboForex Ltd, which is an (A category) member of The Financial Commission, also is a participant of its Compensation Fund
eToro
(4/5)
Min deposit : 100
Visit eToro Try a Demo Read review

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.

Past performance is not an indication of future results. Trading history presented is less than 5 complete years and may not suffice as basis for investment decision.

Copy trading is a portfolio management service, provided by eToro (Europe) Ltd., which is authorised and regulated by the Cyprus Securities and Exchange Commission.

Cryptoasset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.

Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment, and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.

eToro was established in 2007 and is used by over 30000000+ traders. 76% of retail investor accounts lose money when trading CFDs with this provider. eToro offers Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds. Cryptocurrency availability with eToro is subject to regulation. Buying and selling real cryptocurrency assets may not be available in your country through eToro. Please check the latest information made available on their website.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority) eToro (UK) Ltd (FCA reference 583263), eToro (Europe) Ltd CySEC (Cyprus Securities Exchange Commission), ASIC (Australian Securities and Investments Commission) eToro AUS Capital Limited ASIC license 491139, CySec (Cyprus Securities and Exchange Commission under the license 109/10), FSAS (Financial Services Authority Seychelles) eToro (Seychelles) Ltd license SD076
XTB
(4/5)
Min deposit : 0
XTB was established in 2002 and is used by over 1000000+ traders. 76-85% 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. XTB offers Forex, CFDs, Cryptocurrency. Cryptocurrency availability with XTB is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, Mirror Trader, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by FCA (Financial Conduct Authority reference 522157), CySEC (Cyprus Securities and Exchange Commission reference 169/12), FSCA (Financial Sector Conduct Authority), XTB AFRICA (PTY) LTD licensed to operate in South Africa, KPWiG (Polish Securities and Exchange Commission), DFSA (Dubai Financial Services Authority), DIFC (Dubai International Financial Center), CNMV (Comisión Nacional del Mercado de Valores), KNF (Komisja Nadzoru Finansowego), IFSC (Belize International Financial Services Commission license number IFSC/60/413/TS/19)
XM
(4/5)
Min deposit : 5
XM was established in 2009 and is used by over 10000000+ traders. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72.89% 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. XM offers Forex Trading, Stocks CFDs, Commodities CFDs, Equity Indices CFDs, Precious Metals CFDs, Energies CFDs.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Mac, Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account XM Swap-Free account (XM Ultra Low Account) VIP account
Regulated by Financial Services Commission (FSC), Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC)
Pepperstone
(4/5)
Min deposit : 200
Pepperstone was established in 2010 and is used by over 400000+ traders. 75-95 % of retail investor accounts lose money when trading CFDs Pepperstone offers Forex, CFDs, Social Trading.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, TradingView, DupliTrade, myFXbook, Mac, Web Trader, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account Pro Account VIP account
Regulated by Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC), Cyprus Securities and Exchange Commission (CySEC), Federal Financial Supervisory Authority (BaFin), Dubai Financial Services Authority (DFSA), Capital Markets Authority of Kenya (CMA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of the Bahamas (SCB) number SIA-F217
AvaTrade
(4/5)
Min deposit : 100
AvaTrade was established in 2006 and is used by over 300000+ traders. 71% of retail investor accounts lose money when trading CFDs with this provider AvaTrade offers Forex, Cryptocurrencies, Commodities, Indices, Stocks, Bonds, Vanilla Options, ETFs, CFDs, Spread Betting, Social Trading . Cryptocurrency availability with AvaTrade is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, MT4, MT5, AvaTradeGo, AvaOptions, DupliTrade, ZuluTrade, Mobile Apps, ZuluTrade, DupliTrade, MQL5

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Australian Securities and Investments Commission (ASIC), ASIC (406684), Financial Services Authority (FSA), South African Financial Sector Conduct Authority (FSCA), Financial Stability Board (FSB), The Financial Services Agency (JAPAN FSA), Financial Futures Association of Japan (FFAJ), Abu Dhabi Global Markets (ADGM), Financial Regulatory Services Authority (FRSA), Polish Financial Supervision Authority (KNF), Israel Securities Association (ISA), British Virgin Islands Financial Services Commission (BVI), BVI (SIBA/L/13/1049), Central Bank of Ireland
EasyMarkets
(4/5)
Min deposit : 100
easyMarkets was established in 2001 and is used by over 142500+ traders. Your capital is at risk easyMarkets offers CFD, Forex, Commodities, Indices, Shares, Crypto. Cryptocurrency availability with easyMarkets is subject to regulation.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, Web Trader, TradingView, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Cyprus Securities and Exchange Commission (CySEC), Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), British Virgin Islands Financial Services Commission (BVI)
SpreadEx
(4/5)
Min deposit : 1
SpreadEx was established in 1999 and is used by over 10000+ traders. Losses can exceed deposits SpreadEx offers Forex, CFDs, and spread betting.

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA)
FXPro
(4/5)
Min deposit : 100
FxPro was established in 2006 and is used by over 1866000+ traders. 75.78% of retail investor accounts lose money when trading CFDs and Spread Betting with this provider FxPro offers Forex trading, Share Dealing, Spot Indices, Futures, Spot Metals and Spot Energies.

Funding methods

Bank transfer Credit Card Paypal

Platforms

MT4, MT5, cTrader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Financial Sector Conduct Authority (FSCA), Securities Commission of the Bahamas (SCB)
Plus500
(4/5)
Min deposit : 100
Plus500 was established in 2008 and is used by over 24000000+ traders. 80% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Plus500 offers CFDs, CFD Shares, CFD Indices, CFD Forex, CFD Commodities, CFD ETFs, CFD Options, CFD Futures, Real shares via Plus500Invest .


Plus500 offer a 100% Free and Unlimited Demo account No Deposit fees/Commissions No hidden fees Competitive fees Tight Spreads

Funding methods

Bank transfer Credit Card Paypal

Platforms

Web Trader, Tablet & Mobile apps

Customer support

Live chat Phone support Email support

Account Types

Micro account Standard account ECN account
Islamic account VIP account
Regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039) FSA, Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) DFSA

Learn more Learn more about IC Markets.
Losses can exceed deposits
TRADE NOW Try IC Markets today
Losses can exceed deposits