So far there are twelve bonus stages, six bonus characters, two game modes, one fighting style, and tons of equipment for character creation you can unlock  in Soul Calibur 5 for the PS3 and Xbox 360 (excluding DLC).
If you’re trying to figure out how to unlock all of them, then this is the guide you need.
Unlockable Bonus Characters
Alpha Patroklos – Complete Story mode
Algol – Beat Algol in Arcade mode or Legendary Souls mode
Edge Master – Complete Story mode
Elysium – Complete Story mode
Kilik – Beat Kilik in Arcade mode or Legendary Souls mode
Pyrrha Omega – Complete Story mode
Unlockable Bonus Stages
Ancient Citadel – Peacetime: Complete Episode 4 in Story mode, or reach player level 7
Astral Chaos – Crossing Points: Reach player level 25
Astral Chaos – Pathway: Fight Alpha Patroklos in Quick Battle mode, or reach player level 25
Conqueror’s Coliseum – Underground Fight: Reach player level 13
Denever Castle – Assualt: Complete episode 18 in Story mode, or reach player level 18
Denever Castle – Eye of Chaos: Beat Pyrrha Omega in Story mode
Last Rites on the Battleground: Complete episode 18 in Story mode, or reach player level 40
Penitentiary of Destiny: Beat Kilik in Arcade mode or Legendary Souls mode
Tower of Glory – Most Holy Dichotomy: Beat Angol Fear in Arcade mode or Legendary Souls mode
Tower of Glory –Â Spiral of Good And Evil: Beat Edge Master in Arcade mode or Legendary Souls mode
Unknown Forest – Dark Night: Complete episode 7 in Story mode, or reach Player Level 21
Utopia of The Blessed: Beat Elysium in Story mode
Unlockable Fighting Styles
There is one fighting style that you can unlock for use only with custom created characters.
Soul of Devil Jin (from Tekken) – Beat Harada in Quick Battle mode, or beat him in Legendary Souls mode. Alternatively, it will unlock automatically by reaching level 5.
Unlockable Game Modes
Extra Route in Arcade Mode – Reach player level 17
Legendary Souls Mode – Complete Story mode with any character
Unlockable Achievements and Trophies
Check out my other guides for a full achievements list and trophies list.
Unlockable Equipment for Character Creation
All equipment for character creation is unlocked by gaining player levels.
Here is the list of equipment found so far listed by category from head to toe, with special equipment listed at the bottom (stickers, weapon effects, etc.) and with the player level you need to reach for each piece.
Head Equipment
Aviator’s Cap – Player Level 2
Butterfly Sallet – Player Level 18
Demonic Kabuto – Player Level 18
Carnival Headdress – Player Level 18
Deer Head – Player Level 2
Demonic Mask – Player Level 50
Field Work Hat – Player Level 18
Gorgon Armet – Player Level 34
Griffin – Player Level 34
Hennin – Player Level 2
Horse Head – Player Level 2
Kittymewo Head – Player Level 50
Knitted Cap – Player Level 18
Kouchu Kabuto – Player Level 2
Leviathan Burgonet – Player Level 34
Lusca Armet – Player Level 34
Medusa’s Head – Player Level 50
Menghu Helm – Player Level 18
Minotaur – Player Level 34
Old Cap – Player Level 2
Pegasus Sallet – Player Level 34
Phoenix Kabuto – Player Level 18
Prayer Helm – Player Level 2
Siren’s Helm – Player Level 34
Skull Helm – Player Level 34
Straw Hat – Player Level 2
Tiger Lily Kabuto – Player Level 50
Voodoo Crown – Player Level 18
Warlord’s Long Helmet – Player Level 2
Warthog Bascinet – Player Level 34
Werewolf – Player Level 18
Face Equipment
Aviator Glasses – Player Level 9
Big Frames – Player Level 18
Chinese Opera Mask – Player Level 9
Fox Mask – Player Level 34
Hanny’s Mask – Player Level 34
Intelligent Glasses – Player Level 50
Mask of an Ancient Tribe – Player Level 9
Phantom Mask – Player Level 18
Tengu Mask – Player Level 18
Serial Killer’s Mask – Player Level 50
Neck & Back Equipment
Angel Wings – Player Level 52
Ashigaru Flag – Player Level 52
Collar – Player Level 38
Crimson Wings – Player Level 38
Demon’s Cloak Long – Player Level 38
Demon’s Cloak Short – Player Level 22
Fur Neck Wrap – Player Level 22
Gale Cloak – Player Level 6
Pioneer’s Cloak – Player Level 6
Red Hood – Player Level 22
Snake Collar – Player Level 22
Studded Choker – Player Level 52
Wesekh – Player Level 6
Witch Doctor’s Necklace – Player Level 6
Shoulder Equipment
Demon King’s Pauldrons – Player Level 22
Demonic Pauldrons – Player Level 52
Epaulettes – Player Level 6
Gorgon Spaulders – Player Level 38
Leviathan Pauldrons – Player Level 38
Lusca Spaulders – Player Level 38
Tiger Lily Pauldrons – Player Level 52
Warrior’s Shoulder – Player Level 6
Warthog Pauldrons – Player Level 38
Arm Equipment
Adept’s Sleeves – Player Level 22
Arm Bands – Player Level 52
Arm Warmers – Player Level 6
Bladed Armlets – Player Level 6
Gorgon Gauntlets – Player Level 38
Jeweled Gauntlets – Player Level 22
Lily Armlets – Player Level 6
Lusca Gauntlets – Player Level 38
Rocker’s Gloves – Player Level 52
Studded Bracelets – Player Level 22
Succubus Gauntlets – Player Level 22
Voodoo Armlets – Player Level 22
Warthog Gauntlets – Player Level 38
Wide-Opening Gloves – Player Level 6
Undergarments (Female)
Black Tights – Player Level 10
Bustier – Player Level 22
Dancer’s Breastplate – Player Level 6
Loincloth – Player Level 26
Mini Dress – Player Level 6
Mummified – Player Level 22
Tear Leotard – Player Level 38
Tear Unitard – Player Level 22
Tiger Lily Stockings – Player Level 42
Triangle Bikini – Player Level 52
Undergarments (Male)
Body Hair – Player Level 22
Boomerang Briefs – Player Level 10
Loincloth – Player Level 26
Mummified – Player Level 22
Silk Wrap – Player Level 10
Upper Body Equipment (Female)
Dancer’s Top – Player Level 22
Frilled Apron – Player Level 52
Glossy Top – Player Level 52
Kittymeow Suit – Player Level 52
Off The Shoulder Dress – Player Level 6
Mini Chinese Dress – Player Level 38
New Centurion – Player Level 9
Rocaille Suit – Player Level 22
Upper Body Equipment (Male)
Kittymeow Suit – Player Level 52
New Centurion – Player Level 6
Upper Body Covering (Female)
Archery Breast Plate – Player Level 22
Demonic Gear – Player Level 52
Fur Coat – Player Level 6
Fur Vest – Player Level 6
General’s Armor – Player Level 22
Leviathan’s Cuirass – Player Level 38
Long Leather Coat – Player Level 6
Lusca Cuirass – Player Level 38
Menghu Cuirass – Player Level 22
Tiger Lily Breastplates – Player Level 52
Voodoo Breastplate – Player Level 22
Warthog Cuirass – Player Level 38
Upper Body Covering (Male)
Demonic Gear – Player Level 52
Fur Coat – Player Level 6
General’s Armor – Player Level 22
Gorgon Cuirass – Player Level 38
Leviathan Cuirass – Player Level 38
Long Leather Coat – Player Level 6
Lusca Cuirass – Player Level 38
Menghu Cuirass – Player Level 22
Warthog Cuirass – Player Level 38
Hip Equipment
Babarian’s Wrap – Player Level 10
Chains – Player Level 10
Demonic Fauld – Player Level 42
Gorgon Fauld – Player Level 42
Lusca Tassets – Player Level 42
Magus Fauld (Female Only) – Player Level 26
Short Apron – Player Level 26
Tiger Lily Fauld – Player Level 42
Voodoo Fauld – Player Level 26
Warlord’s Belt – Player Level 10
Warthog Fauld – Player Level 42
Lower Body Equipment
Chiffon Skirt – Player Level 10
Flared Mini Skirt – Player Level 42
Glossy Leggings – Player Level 26
Pleated Skirt – Player Level 26
Slit Short Slops – Player Level 26
Were Pants – Player Level 10
Feet Equipment
Back Lace Boots (Female Only) – Player Level 10
Gorgon Greaves – Player Level 42
Horse Legs – Player Level 10
Menghu Boots – Player Level 26
Laced Boots – Player Level 10
Leg Warmers Cloth – Player Level 42
Leg Warmers Fur – Player Level 26
Lusca Sabatons – Player Level 42
Prisoner’s Shackles – Player Level 26
Succubus Boots – Player Level 26
Tiger Lily Greaves – Player Level 42
Voodoo Greaves – Player Level 26
Warthog Boots – Player Level 42
Western Boots – Player Level 10
Specialized Equipment
Ant Antennas – Player Level 14
Ball – Player Level 14
Bat Wings – Player Level 30
Box – Player Level 14
Butterfly Antennas – Player Level 30
Cat Tail – Player Level 30
Centurion’s Plume – Player Level 46
Cogwheel – Player Level 14
Cone – Player Level 14
Cylinder – Player Level 14
Demon’s Horns – Player Level 46
Demon’s Tail – Player Level 46
Elf Ears – Player Level 46
Feathers of Strength – Player Level 30
Helmet Ornament Iris – Player Level 30
Pure Ring – Player Level 46
Pyramid – Player Level 14
Rabbit Ears – Player Level 30
Snake Horn – Player Level 30
Thunder God’s Drums – Player Level 46
Turtle Shell – Player Level 46
Vicious Horns – Player Level 14
Stickers
A New Rose  – Player Level 60
Bow  – Player Level 60
Bullet Hole Scar  – Player Level 60
Chinese Characters  – Player Level 60
Weapon Effects
Angel Pack – Player Level 58
Demon Pack – Player Level 58