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eToro vs Plus500
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Updated:
Compare eToro Vs Plus500 Side by Side
Selecting between eToro vs Plus500 and wish to see who is better Broker for your trading strategy? We made a detailed comparison between eToro Review and Plus500 Review, compared safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.
Summary
| Feature | eToro | Plus500 |
|---|---|---|
| Website | //www.etoro.com | //www.plus500.com |
| Founded year | 2006 | 2008 |
| Headquarter | Israel | Israel |
| Licenses | UK, Australia, Cyprus, Seychelles | UK, Cyprus, Australia, South Africa, Seychelles, Singapore, New Zealand, Israel, Estonia, UAE |
| Minimum Deposit | 50 US$ | 100 US$ |
| Trading Platforms | eToro platform | Plus500 Platform |
| Eurusd avg Spread | 0.97 pip | 0.6 pips |
Licenses
| Feature | eToro | Plus500 |
|---|---|---|
| Licenses Countries Info (short) |
|
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Plus500 vs eToro Brokers are both highly trusted with numerous licenses and top-tier regulations, legit to accept EU clients and US clients for eToro.
Broker Types
| Feature | eToro | Plus500 |
|---|---|---|
| Broker types |
|
|
Both Brokers operate Market Making model making them equal, eToro execution is NDD and both brokers execution is high speed with no rejections.
Trading Conditions
| Feature | eToro | Plus500 |
|---|---|---|
| Trading Conditions |
|
|
eToro vs Plus500 provides relatively similar trading conditions restricting some strategies like scalping and are suitable for beginning, advanced or professional traders. However, the nature of trading is slightly different eToro is best for copy and social trading and Plus500 profile is trading of CFDs.
Fees & Commissions
| Fees & Commissions | eToro | Plus500 |
|---|---|---|
| Inactivity Feemonth | $10 | $10 |
| Deposit fee | 0$ | 0$ |
| Withdrawal fee | 5$ | 0$ |
| Rollover fee eurusd buy 1 lot | -0.00008269 | -0.0128% |
| Rollover fee eurusd sell 1 lot | 0.00001841 | 0.003% |
| Avg Eurusd standard acc | 0.97 pip | 0.6 pips |
| Gold | 4.5 | 29 |
| Brent oil | 5 | 2 pips |
| Bitcoin | 102.71 | 0.35% |
Trading costs for eToro and Plus500 are based on spread only, while Plus500 has some advantage with lower spreads.
Account Types
| Feature | eToro | Plus500 |
|---|---|---|
| Account types |
|
|
Both Brokers based on a single account offering with spread basis and access to all instrument range. There is easy switch between Demo Account mode and Live Trading with no restriction on use available in both platforms.
Markets & Instruments
| Markets & Instruments | eToro | Plus500 |
|---|---|---|
| Forex | 52 | 71 |
| Indices | 21 | 29 |
| Commodities | 32 | 22 |
| Cryptocurrencies | 74 | 14 |
| Shares | 3203 | 2000+ |
| Bonds | ❌ | ❌ |
| Options | ❌ | ✔️ |
| Binary options | ❌ | ❌ |
| Spread betting | ❌ | ❌ |
| Treasuries | ❌ | ❌ |
| Futures | ❌ | ❌ |
| Etfs | 325 | 95 |
eToro has an advantage in Cryptocurrency range and Plus500 has a larger offering in Shares, however in comparison brokers are similar providing quite large instrument portfolio. Also, eToro is definitely better in its copy trading category, since provides numerous copy trading portfolios and combined portfolios making investment options larger.
Trading Platforms
| Feature | eToro | Plus500 |
|---|---|---|
| Platforms |
|
|
eToro and Plus500 offering only own proprietary Trading Platforms based on Web. Both are simple to use and navigate, however both missing comprehensive analysis and research tools built into the platform. eToro platform is easy to use and the best for social trading with bets number of top traders and large community, Plus500 platform is good for CFD trading. Also, both Brokers do not provide any other alternative or market popular MetaTrader.
Deposit & Withdrawal Methods
| Feature | eToro | Plus500 |
|---|---|---|
| Payment methods |
|
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eToro vs Plus500 deposit methods are similar, range of supported methods are alike. The only small gap is eToro withdrawal fee, while Plus500 has none.
Others
| Feature | eToro | Plus500 |
|---|---|---|
| Others |
|
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eToro is winning in education and research tools making them suitable for beginners, unlike Plus500 who does not provide proper education. However, customer support at eToro is lower quality compared to Plus500, we found them less responsive and professional.
Conclusion on Plus500 vs eToro
Concluding eToro vs Plus500 comparison we found both brokers reliable and trustable with solid regulation and background. Both brokers provide only a proprietary platform, a large number of trading instruments, good costs and quality trading conditions. However, the focus of trading brokers are different where each became truly excellent in the offering, so eToro is excellent for Social Trading and Plus500 is great for CFDs, besides Plus500 isn’t suitable for beginners due to lack of education. Here is our final recommendation:
- eToro – 🥇 Best Broker for Social trading for a number of top traders and Best Industry Social Trading Broker
- Plus500 – 🥇 Best for CFD trading good for experienced traders looking for excellent CFD instrument range and easy to use platform
