Plus500 vs eToro
| Plus500 | eToro |
|---|---|
4.1
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4.1
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 Traders from US not accepted |
Traders from US not accepted |
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Plus500 is a leading global broker with millions of registered traders and multiple awards. The company specializes in CFDs on its intuitive, proprietary platform and app. The broker also has a high safety rating with licenses from reputable regulators, including in the UK, Europe and Australia. |
eToro is a multi-asset platform which offers both investing in stocks and cryptoassets. Crypto Trading is offered via eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. CFDs are not available in the US Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply. 79% of retail accounts lose money. |
| 79% of retail CFD accounts lose money. | 79% of retail investor accounts lose money when trading with this provider. You should consider whether you can afford to take the high risk of losing your money. |
| Comment by Reviewer | |
| "Plus500 is a great option for CFD traders seeking a trustworthy broker with extensive market access, low fees and a beginner-friendly trading platform." | "eToro is a great pick for traders who want to trade CFDs with copy trading and other social features" |
| Pros | |
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| Cons | |
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| Awards | |
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| Instruments | |
| CFDs (forex, commodities, ETFs, options, etc.), Shares, Futures | Crypto |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $100 | $10 |
| Payment Methods | |
| Minimum Trade | |
| Varies by asset | $10 |
| Regulator | |
| FCA, MAS, CySEC, ASIC, FSA, FSCA, FMA, DFSA, EFSA | FCA, CySEC, ASIC, FSA |
| Margin Trading | |
| Yes | Yes |
| MetaTrader 4 | |
| No | No |
| MetaTrader 5 | |
| No | No |
| cTrader | |
| No | No |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| No | No |
| Autochartist | |
| No | No |
| eSignal | |
| No | No |
| Trading Central | |
| No | Yes |
| STP Account | |
| No | Yes |
| ECN Account | |
| No | Yes |
| DMA Account | |
| No | No |
| MAM Account | |
| No | No |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | Yes |
| Robo Advisor | |
| No | Yes |
| Negative Balance Protection | |
| Yes | Yes |
| Market Maker | |
| Yes | Yes |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | Yes |
| Mobile Apps | |
| iOS, Android and Windows | iOS, Android & Windows |
| Auto Trading | |
| Automate your trades via Copy Trading - follow profitable traders. Open and close trades automatically when they do. | |
| Copy Trading | |
| No | Yes |
| Copy Trading Platform | |
| One of the best proprietary platforms currently on the market is the award-winning eToro CopyTrader (at no additional cost for eToro clients). The web-based platform includes a user-friendly and interactive layout and also comes with social features, including a community chat. Copy trading on crypto trades only. | |
| Social Trading | |
| No | Yes |
| Trade Signals | |
| Yes | |
| VPS Hosting | |
| No | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| Yes | Yes |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| Yes | No |
| Inactivity Fee | |
| $10 | |
| Islamic Account | |
| No | Yes |
| Account Currencies | |
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| Stock Exchanges | |
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| Commodities | |
| CFD Trading | |
| Commission-free CFDs span an excellent range of markets. Traders can go long or short on popular assets with flexible leverage and competitive spreads. | eToro offers leveraged CFD trading in certain jurisdictions. Speculate on thousands of financial assets. |
| Leverage | |
| 1:30 | |
| FTSE Spread | |
| Variable | 1.5 pt |
| GBPUSD Spread | |
| Variable | 2 pips |
| Oil Spread | |
| Variable | 5 pts |
| Stocks Spread | |
| Variable | 0.24% Var |
| Forex Trading | |
| Plus500 offers forex trading via CFDs with tight, variable spreads and an impressive range of over 70 currency pairs. | eToro offers a selection of major, minor and exotic currency pairs. Clients can speculate on FX from the eToro trading app. |
| Forex App | |
Plus500 have developed their mobile apps to match the WebTrader online platform . Secure, reliable and uncomplicated, the app is among the best out there. Stop loss and limits are available, free alerts and a full range of markets and instruments are available. Visit the download page here. |
eToro bring their social trading platform to your mobile, enabling you to copy trades, manage your account and invest via Android or iOS. Trade the key forex pairs from the palm of your hand. |
| GBPUSD Spread | |
| Variable | 2 pips |
| EURUSD Spread | |
| Variable | 1.5 pips |
| EURGBP Spread | |
| Variable | 1.5 pips |
| Assets | |
| 70+ | 49 |
| Currency Indices | |
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| Cryptocurrency | |
| Crypto trading not offered | eToro leads the way in cryptocurrency trading. The lowest spreads (from 0.75% for BTC), their own wallet service and the largest number of cryptos to trade in the market. Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply.. |
| Spread | |
| Variable | BTC <1%, ETH 2% |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | Yes |
| Auto Market Maker | |
| No | No |
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| 79% of retail CFD accounts lose money. | 79% of retail investor accounts lose money when trading with this provider. You should consider whether you can afford to take the high risk of losing your money. |
| More Comparisons | |
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Plus500 vs |
eToro vs |
How To Compare Plus500 vs eToro
Plus500 and eToro are both multi-regulated, award-winning forex and CFD brokers. But which is better, eToro or Plus500, and how are they different? In this comparison, we look at fees, welcome bonuses, business credentials, minimum investments, market share, and more. Find out which is best for beginners and experienced traders in our Plus500 vs eToro breakdown.
Business Credentials
Plus500 is present in 50+ countries and has 22+ million customers that have opened 300+ million trades with a total volume of $800+ billion. Plus500 Ltd, which was founded in 2008, and is located in Israel.
eToro was founded in 2007 and is based in Tel Aviv, Israel. The firm has 25+ million users and is active in 100+ countries. The brand has also processed hundreds of millions of orders with a total trade volume in excess of $1 trillion.
Importantly, both Plus500 and eToro are highly rated trading brokerages with a strong international presence and a good track record.
Minimum Investment
Plus500 offers a minimum deposit of $100 in all of its major trading jurisdictions. eToro, on the other hand, requires that new clients deposit at least $200, unless they’re based in the US (where it’s $50) or the UK (where it’s $10).
As a result, Plus500 is cheaper to start trading with (unless you’re based in the UK), making it popular with beginners. Note, Plus500 does not accept clients from the US.
Assets & Products
eToro offers a wider selection of trading assets, particularly stocks. Over 3,000 shares are available, alongside 49 currencies, 16 indices, 23 commodities (energy and metal), and 264 ETFs.
Plus500 offers over 2,000 assets spanning 8 indices, 60 forex pairs, 8 commodities, 1,500+ shares, and a modest collection of ETFs. The brokerage also offers the added extra of options trading, which is not available on eToro.
Dozens of cryptocurrencies are available at both brokers, including Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC). Note, regional restrictions apply to crypto trading.
Platforms & Tools
Both Plus500 and eToro offer proprietary trading platforms. Each terminal is compatible with major web browsers and can be downloaded as a mobile app.
While each platform offers a decent selection of analysis and drawing tools, instant and pending orders, plus trading opportunities on over 2,000 assets, the eToro terminal is easier to navigate and the most beginner-friendly.
It’s also worth pointing out that eToro’s platform has a strong focus on social investing. This allows users to follow and replicate the positions and strategies of thousands of registered traders. The 50 most copied traders in 2021 achieved an average yearly profit of 30.4%.
Overall then, the eToro platform is best suited to rookie traders and those interested in copy trading. The Plus500 terminal is a better fit for experienced traders looking to scan the markets and conduct detailed technical and fundamental analysis.
Note, both platforms offer one-click trading and neither Plus500 or eToro supports the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms. Execution speeds are also similar on both platforms.
Spreads & Fees
Plus500 offers slightly tighter spreads on forex pairs. However, eToro is better priced for investing in stocks and ETFs, with a long list of commission-free assets.
Both brokerages charge overnight fees and inactivity penalties, though Plus500’s dormancy fee kicks in after three months at $10 per month while eToro’s $10 monthly charge isn’t levied on accounts until one year of inactivity. Currency conversion and Guaranteed Stop Orders also incur charges at both firms.
Overall then, eToro is the best option if you want to trade stocks and ETFs.
It’s also worth pointing out that eToro charges a $25 withdrawal fee and a $50 minimum withdrawal via some methods, a notable drawback versus Plus500.
Leverage
Both Plus500 and eToro cap leverage in line with regulatory requirements. This means EU-regulated traders, for example, will not be able to trade with rates above 1:30.
Importantly, leverage also varies by asset with volatile markets, such as cryptocurrencies, usually coming with lower maximum rates of around 1:2.
Deposits & Withdrawals
When it comes to Plus500 vs eToro for funding options, eToro is better. Plus500 offers debit and credit cards, wire transfers, plus basic e-wallets, such as PayPal. eToro, on the other hand, offers all of the above, plus a selection of local payment solutions to suit a wider client base, from Diners Club and Venmo to Yandex Money and Dragonpay.
Both eToro and Plus500 offer near-instant deposits and fast withdrawals for most payment solutions. But as outlined above, the $25 withdrawal fee at eToro and minimum payment of $50 may deter some investors.
Note, KYC checks are required at both Plus500 and eToro and a delay in submitting the relevant documentation could delay withdrawals.
Mobile App
When it comes to Plus500 vs eToro on the mobile trading front, both are solid options. Each brokerage offers a fully functioning trading application that is compatible with iOS, Android and Windows.
The mobile app can be downloaded for free once an account has been created. The firm’s mobile apps allow for complete account management, secure deposits and withdrawals, technical analysis and one-click trading, plus in-app customer support.
Regulation
Plus500 holds licenses with more regulatory bodies. As well as oversight from the Cyprus Securities & Exchange Commission plus the UK Financial Conduct Authority (which eToro is licensed with), Plus500 is registered with the Australian Securities & Investments Commission, the Monetary Authority of Singapore, and the Financial Services Authority. In addition, the brand has been approved by financial regulators in South Africa and New Zealand.
The additional regulatory licenses provide additional safeguards and recourse options for traders registered in the respective regions. With that said, it’s worth highlighting that both brands are trustworthy and legitimate.
Note, both eToro and Plus500 offer negative balance protection. Each firm also offers secure logins with two-factor authentication options.
Bonuses
Due to regulatory restrictions, neither eToro or Plus500 offer welcome bonuses and sign-up incentives. This is standard practice amongst top-rated firms. Instead, each trading brokerage highlights its suite of educational materials and copy trading services (in the case of eToro).
Demo Account
Plus500 and eToro both offer free demo accounts. There are no limits or restrictions with either.
The Plus500 demo account starts with $40,000 in virtual credit. Once your balance drops below $200, your account will be topped up with virtual credit.
Alternatively, the eToro paper trading account comes with $100,000 in virtual funds so clients have plenty of practice capital to refine strategies and explore platform features.
Basic contact details are required to open a paper trading account with either brand. And the sign-up time is just a few minutes.
Note, joint accounts are not available with either firm.
Customer Service
Plus500 offers customer support 24/7, whereas eToro’s support team are only available 24/5 Monday to Friday.
Support at Plus500 is available via email or live chat. eToro offers these support channels, plus an online contact form and ticket-based query system.
Multilingual customer support is available with both brands and response times on live chat were under two minutes for each firm upon testing.
Plus500 vs eToro – Which Is Better?
Plus500 or eToro, which one should you open a trading account with? Both firms are highly regulated, offer an extensive range of assets, plus a competitive fee structure. Yet for beginners and those interested in trading stocks and shares, eToro is the best fit. The brand offers commission-free investing plus a copy trading service where new traders can learn from elite investors. eToro is also the only brand available in the US.
Plus500 is a better fit for active forex traders, offering low spreads and advanced risk management alerts. We’d also recommend that beginners consider switching to Plus500 further down the line when they feel more confident.
Use the pros and cons of Plus500 vs eToro outlined above to find the right broker for your trading needs.