Plus500 Alternative: Why Traders Switch to LHFX

Plus500 runs commission-free CFDs on its own web platform with spreads baked in. LHFX runs MT5 STP/ECN with $3 per side, raw spreads, and payouts typically under 20 minutes.

Raw spreads with a transparent $3 per side commission, MetaTrader 5 access, $10 minimum, and crypto withdrawals typically processed in under 20 minutes. See the full breakdown below.

Quick Comparison

LHFX vs Plus500 at a glance.

LHFX vs Plus500: commission, minimum deposit, spreads, leverage, platforms, instruments, execution, regulation, withdrawal speed and swap-free accounts
FeatureLHFXPlus500
Commission$3 per side, per lotNo commission (cost built into the spread)
Minimum Deposit$10$100
Typical EURUSD SpreadFrom 0.0 pips (plus $3 per side)Markup spread (typically 0.6 to 1.0 pip on EURUSD, variable)
Maximum Retail LeverageUp to 1:5001:30 under FCA, CySEC, ASIC; up to 1:300 for New Zealand traders
PlatformsMetaTrader 5 onlyPlus500 web platform and mobile app only (no MT4 or MT5)
Forex Pairs / Total Instruments41 forex pairs / 144 instruments60+ forex pairs / 2,800+ CFDs across shares, indices, ETFs, options, commodities, crypto
Execution ModelSTP/ECNMarket maker (CFDs only, no underlying ownership)
RegulationFSC Mauritius (GB23202204), FSCA South Africa (FSP 52816)FCA (FRN 509909), CySEC (250/14), ASIC (AFSL 417727), FMA NZ (486026), FSCA (47546), FSA Seychelles (SD039), MAS Singapore, DFSA UAE
Crypto Deposits/WithdrawalsBTC, ETH, USDT and others. Payouts typically under 20 minutesNot supported (fiat only); crypto CFDs not available to retail in some regions
Islamic AccountYes, swap-free with holding fee after grace periodNot advertised as a dedicated product

Where LHFX Wins

The areas where LHFX offers a clear advantage over Plus500.

01

Transparent Cost Beats Hidden Markup

LHFX shows you the cost directly: 0.0 pip spread plus $3 per side. Plus500 builds the cost into a wider variable spread, so the true cost per trade is harder to compare across instruments.

02

MetaTrader 5 Native

LHFX runs MT5 as a direct MetaQuotes licensee, with full Expert Advisor, custom indicator and backtesting support. Plus500 is web and mobile only with no MT4 or MT5 access.

03

Crypto Deposits And Payouts

LHFX supports BTC, ETH, USDT and others for both deposits and withdrawals, with payouts typically under 20 minutes. Plus500 funds and pays out in fiat only.

04

Higher Leverage on Majors

Up to 1:500 across major forex pairs at LHFX. Plus500 caps at 1:30 under FCA, CySEC and ASIC, with 1:300 only for New Zealand-resident traders.

05

Dedicated Islamic Account

LHFX offers a swap-free Islamic account on the same MT5 platform. Plus500 does not advertise a dedicated swap-free product.

Where Plus500 Wins

Plus500 has genuine strengths. Here is where they come out ahead.

2,800+ CFDs Across Asset Classes

Plus500 lists 2,800+ instruments spanning shares, indices, options, ETFs, commodities and crypto. LHFX focuses on 144 instruments around forex, indices and commodities.

Eight Tier-1 and Tier-2 Licences

Plus500 holds FCA (UK), CySEC (Cyprus), ASIC (Australia), FMA (NZ), MAS (Singapore), DFSA (UAE), FSCA, and FSA Seychelles. LHFX holds FSC Mauritius and FSCA South Africa.

Beginner-Friendly Web Platform

Plus500 runs its own simple web and mobile interface aimed at first-time CFD users. LHFX runs MT5, which is more powerful but has a steeper learning curve.

Publicly Listed With Long Track Record

Plus500 is publicly traded on the London Stock Exchange and has been operating since 2008. LHFX is a newer MT5-focused broker.

Who Should Choose LHFX

  • Active forex traders who want raw spreads and transparent $3 per side commission
  • Traders who run Expert Advisors, custom indicators or backtests on MetaTrader 5
  • Traders who want crypto deposits and withdrawals with payouts typically under 20 minutes
  • Traders who want up to 1:500 leverage on majors
  • Traders who need a dedicated Islamic swap-free account
Open an LHFX Account

Who Should Stick with Plus500

  • Beginners who prefer a single simple web and mobile interface over MetaTrader
  • Investors who want 2,800+ CFDs across shares, ETFs, indices and options in one account
  • Traders who require FCA UK or ASIC Australia regulation specifically
  • Traders who prefer a publicly listed (LSE) broker for the additional disclosure
  • Traders who only need 1:30 leverage and want all-in spread pricing without per-lot commission

Making the Switch

Moving from Plus500 to LHFX takes minutes, not days.

1

Open an LHFX Account

$10 minimum deposit. Registration takes about 2 minutes.

2

Verify Your Identity

Upload a government-issued ID. Most verifications complete within a few hours.

3

Fund and Start Trading

Deposit via crypto or card and place your first trade on MT5 or LHFX Trade.

Frequently Asked Questions

Is LHFX cheaper than Plus500?

For active forex traders, yes. LHFX runs raw spreads from 0.0 pips plus $3 per side. Plus500 bakes the cost into a variable spread, typically 0.6 to 1.0 pip on EURUSD, which often works out higher per trade for forex-focused traders.

Can I switch from Plus500 to LHFX?

Yes. There is no automatic platform transfer because Plus500 uses its own web and mobile platform and LHFX uses MetaTrader 5. You open an LHFX account, fund from $10 via crypto or card, and close positions at Plus500 on your own schedule.

Does Plus500 offer MT5?

No. Plus500 runs only its own proprietary web platform and mobile apps. LHFX runs MetaTrader 5 as a direct MetaQuotes licensee, with Expert Advisor and custom indicator support.

Which has higher leverage, LHFX or Plus500?

LHFX offers up to 1:500 across majors. Plus500 caps at 1:30 under FCA, CySEC and ASIC. The New Zealand entity reaches 1:300 but is not available to all clients.

Which is more regulated, LHFX or Plus500?

Plus500 holds more licences, including FCA (UK), CySEC (Cyprus), ASIC (Australia), FMA (NZ), MAS (Singapore), DFSA (UAE), FSCA and FSA Seychelles. LHFX holds FSC Mauritius (Longhorn Ltd, GB23202204) and FSCA South Africa (LHFX SA Pty Ltd, FSP 52816). If you specifically need FCA or ASIC retail protection, Plus500 is the broader option.

Ready to Try LHFX?

$10 minimum deposit. $3 per side commission. Up to 1:500 leverage. Crypto withdrawals typically processed in under 20 minutes.