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eToro Vs Plus500
Plus500 vs. eToro, it’s a “game of Give or Take.” Literally. For instance, are you hands off? Your heist-Man could be eToro, who’ll automate things. But, for disciplined seekers of deep markets, Plus500 could be your most faithful Lady who studies carefully.
We’ll explore in more details in our eToro Vs Plus500 comparison…
CFD trading is dangerous for those with no experience in the stock market. Honestly, we would not recommend it to anyone except intermediate traders and experts.
*Only risk what you can afford to lose. See more on Contracts for Differences explained.
Table of Contents:
- Full Verdict
- Backgrounds Compared
- Trading Licenses
- Key Features
- Side-by-Side Verdict
- Accepted Payment Methods
- Final Thoughts
Full Verdict (eToro Vs Plus500)
For Beginners – ETORO WINS
- eToro is the best beginner broker that automates damn-near everything.
- The most powerful copy-trading features on the planet.
- Physical cryptocurrency exchanges.
- Forex (47 pairs).
- 1:30/ASIC to 1:400 (for professional clients) max leverage, $200 minimum deposit to start trading.
For CFDs – PLUS500 WINS
- Plus500 is the best “intermediate-level” broker.
- ASIC trading license
- More market penetration, better costs, no hidden fees.
- 1:30 maximum leverage, $200 minimum deposit.
Founded in 2006, eToro’s 1200 employees are headquartered in Tel Aviv, Limassol, and London. They also have subsidiaries in Australia, China, Cyprus, the UK, and the US.
Plus500 Ltd is a company based in Israel, founded in 2008, with operating subsidiaries:
The UK – Plus500UK Ltd
Cyprus – Plus500CY Ltd
Australia – Plus500AU Pty Ltd.
The Seychelles – Plus500SEY Ltd
Singapore – Plus500SG Pte Ltd
Estonia – Plus500EE AS
Both offer straightforward user interfaces. eToro gives you 24/5 customer support. Plus500 offers 24/7 email, chat and WhatsApp support in 16 languages.
While eToro has more sponsorships than you can wave your hat at, Plus500 raises more revenue. And both have their Controversies 👇
Trading Licenses ✒️
The more major regulations that a financial company is able to successfully pass year-after-year, the likelier it is that their auditing standards are up-to-scratch.
In this way, trading licenses roughly indicate your privacy, that is, how well your private data is insulated – and platform processes encrypted – against unauthorised access attempts.
List of Plus500 Trading Licenses:
- Australian Securities and Investments Commission (ASIC)
- Cyprus Securities and Exchange Commission (CySEC)
- Financial Conduct Authority (FCA)
- FMA in New Zealand
- FSCA in South Africa
- Israel Securities Authority (ISA)
- Seychelles Fin. Services Authority (FSA)
- Monetary Authority of Singapore (MAS)
List of eToro Trading Licenses:
- Australian Financial Services Licence (AFSL)
- Cyprus Securities & Exchange Commission (CySEC).
- Financial Conduct Authority (FCA)
- Financial Crimes Enforcement Network (FinCEN) – for the U.S.
- Markets in Financial Instruments Directive (MiFID) – for Europe and the UK
⭐ Plus500 is better-regulated. It’s worth a note however, that eToro is pushing hard in the US to get traditional financial regulators to authorize even wider use in the States, which could open up the floodgates to more markets and liquidity and future boons. (You can’t use Plus500 in the States).
Plus500’s Platform 💻
Although lacking in social trading and some of the research & advanced analytic capacities of eToro and other platforms, Plus500 is not to be underestimated.
Use the interface to find everything you’d expect of a CFD trading platform, plus more: buy and sell, but also do advanced Guaranteed and Trailing Stop orders, Close at Loss orders, and Close at Profit orders.
Plus500 is a very user-friendly platform, but, be aware that CFDs are “complex financial products”, thus the platform is not suitable for beginners/inexperienced traders.
81% 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.
- Economic Calendar – Discover upcoming market events internationally and the anticipated impact for associated markets.
- Real-time Alerts – Set the conditions for receiving notifications on the forex market: price changes, trader sentiments, and change percentages. (Receive via email, SMS, or push notifications.)
- Zero Commissions – And tighter spreads than eToro, who do charge a commission.
CFDs are a leveraged product and can result in the loss of your entire balance. Trading CFDs may not be suitable for you. Please consider whether you fall within Plus500’s Target Market Determination available in their Terms and Agreements. Please ensure you fully understand the risks involved.
Note: Advanced orders are free except for Guaranteed Stop, which has an extra spread.
- No MetaTrader 4, 5, or cTrader. ❌
- No ECN or DMA account. ❌
- No autotrading, trade signals, social trading, or copy trading. ❌
eToro Platform 📱
Focused on ease-of-use, especially for people who are new to trading – eToro’s value is, honestly, rooted in its social trading roots. It’s social media meets financial advisors, but you are in the seat of control.
- Social Copy Trading – automate your trades via Copy Trading.
- eToro Academy – learn the fundamentals via eToro’s Academy: from Forex to cryptocurrencies trading as an investment, and more.
- Social Analytics – track and analyze your trading stats; access portfolios of other traders.
eToro AUS Capital Ltd ACN 612 791 803 AFSL 491139. OTC Derivatives are speculative and leveraged. Capital is at risk. See PDS.
- No options or DMA account.❌
- No MetaTrader 4, 5, or cTrader.❌
🥊 Side-by-Side Verdict
Let’s list out things that traders might be concerned about, to get a wide-lens view of eToro vs. Plus500:
- Demo Account: eToro + Plus500 win! ✔️
- Meta/cTrader: eToro + Plus500 lose! ❌
- No. of Tradable Forex Assets: eToro wins! ✔️
- Social Trading: eToro wins! ✔️
- Most No. of Operating Systems Compatible With: eToro wins! ✔️
- Trading Costs: Plus500 wins! ✔️
Accepted Payment Methods
How you can fund and withdraw money from your account:
eToro Payment Methods 💳:
Card (credit / debit / mastercard / visa), wire transfer – or one of the following other methods: PayPal, Apple Pay, Skrill, Rapid Transfer, UnionPay, Neteller or Swift.
Plus500 Payment Methods 💵:
Card (credit / debit / mastercard / visa), wire transfer – or one of the following methods: PayPal, BPAY, GiroPay, iDeal or Trustly.
How Long Have They Been Around (eToro or Plus500)?
The longer a broker is around, arguably the more likely they are to be dependable (rather than a scam operation that pops up for a few years, then disappears), as it implies that a broker has good auditing risk management processes – eToro wins.
What trading platform is best: eToro or Plus500
This depends on the level of trading that you need. Both companies use proprietary software that does not let you integrate other standard solutions like MetaTrader and cTrader. So, for intermediate-to-advanced traders, both are probably below standard. But for all levels of traders who want access to social trading in its most convenient form – eToro wins.
Does eToro or Plus500 offer lower costs?
Plus500 with dynamic spreads (and a spread that does not typically change over time when the position is open) is the substantially cheapest of the two. When you stack atop eToro’s other fees, such as their fixed fee for withdrawals, traders are at a significant disadvantage when they use eToro – Plus500 wins.
eToro vs Plus500 – regulatory standards.
For regulatory standards, eToro has a longer track-record for being authorized by major regulators, as it emerged on the scene two years earlier.
For Aussie citizens, only Plus500 is regulated by the Australian Securities and Investments Commission (ASIC). eToro however is regulated by Australian Financial Services Licence (AFSL) – and, while Plus500 cannot be used in the U.S., eToro is registered for use under FinCEN in the United States.
Final Thoughts 💡
eToro’s most powerful advantage is that you can passively invest using its social trading platform – it’s hands off; passively invest by letting the eToro app feature mimic the exact enter and exit positions used by the platform’s most profitable traders.
Also contains a social media feed like Facebook, to get the best latest updates – whereas Plus500 gives you better rates and more access to financial assets.
Want to start today? Get a Demo Account for eToro or Plus500 – there’s no limit on practice trades. Spend virtual money against the real market, to get a sense of things, and make mistakes, before investing your real cash. You can also test out social trading this way.
eToro Disclaimer: eToro AUS Capital Ltd ACN 612 791 803 AFSL 491139. eToro offers both real crypto assets as well as crypto assets as OTC Derivatives. Real crypto assets are unregulated & highly speculative. Being unregulated, there is no consumer protection. Your capital is at risk. Leveraged positions and short positions are OTC Derivatives, which are regulated financial products. OTC Derivatives are considered risky financial products, speculative and include leverage. Not suitable for all investors. Capital at risk. See PDS and TMD.
Plus500 Disclaimer: 81% 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.
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