eToro vs Plus500 Comparison

eToro vs Plus500 Comparison

eToro vs Plus500 Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200Web Trader & Apps1000+FCA, CySEC, ASIC
$100Web Trader & Apps2000+FCA, CySEC, ASIC, FSCA, FMA, MAS & IE

eToro and Plus500 Comparison

eToro and Plus500 both provide user friendly online trading platforms. eToro offers social and copy trasing tools on its platform, allowing the trader to inform their trading decisions with the ideas of other traders and to copy their trades. Plus500 focuses on providing a particularly clear, intuitive platform for traders who plan and execute their own trades. Plus500 offers a relatively large number of technical indicators on its platform and has more more markets to trade than eToro.

eToro is regulated by the FCA in the United Kingdom, by the CySEC in Cyprus and by the ASIC in Australia.

Plus500UK Ltd is authorized and regulated by the FCA (#509909). Plus500CY Ltd is authorized and regulated by CySEC (#250/14). Plus500SG Pte Ltd is licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018). Plus500AU Pty Ltd (ACN 153301681) is licensed by: ASIC in Australia, AFSL #417727 and FMA in New Zealand, FSP #486026 and is an authorised Financial Services Provider in South Africa, FSP #47546.

Quick comparison

Both brokers offer user friendly platforms. eToro provides social and copy trading on its platform.

Minimum deposit and account types

The minimum deposit for eToro is $200. The minimum deposit for Plus500 is $/€/£100 or AU$200.

  • eToro is a Social Trading Platform and Network which supports trading, social trading as well as auto trading by copying other traders (or being copied) and provides products based on this network. eToro offers the eToro Club, which is a tiered program with additional features depending on account equity (which can include personalised service and event invitations), starting at $5000 (Silver) and going up to Diamond ($250,000). The minimum trade size is 0.01 lots.
  • Plus500 provides CFD trading. It offers an Economic Calendar on its website covering news events and market effects.

Markets

  • eToro offers Forex, Indices, Energy, Metals, Cryptocurrencies, Bonds, Stocks, ETFs and Soft Commodities, with 1000+ available.
  • Plus500 offers Forex, Indices, Energy, Metals, Cryptocurrencies, Bonds, Stocks, ETFs, Soft Commodities and Options, with 2000+ available.

Cryptocurrencies

  • eToro provides Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, NEO, EOS, IOTA, Stellar, Cardano, TRON, Dash, Ethereum Classic, Zcash, Tezos and Binance Coin.
  • Plus500 provides CFD trading in Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, NEO, EOS, IOTA, Stellar, Cardano, TRON and Monero.

Spreads and leverage

eToro offers Forex spreads from 3 (typical). Plus500 offers fixed and variable spreads depending on the instrument.

Maximum leverage for eToro is . Maximum leverage for Plus500 is .

Online trading platforms

Both brokers offer web traders and apps on tablet and mobile. Plus500 also has a watch app.

Why eToro or Plus500 ?

eToro offers social and copy trading, while Plus500 focuses on traders who execute their own trades, by providing an intuitive platform layout, a range of platform tools (including a relatively large number of technical indicators) and a wider range of markets. This said eToro's trading platform is particularly clear and can used by traders who wish to make their own trading decisions, but supplement their analysis with the ideas of other traders (the social trading tools are integrated into the platform). Plus500 offers Cryptocurrency and Stocks CFDs to trade without owning the Cryptocurrency or Stock, while eToro offers Cryptocurrencies and Stocks to own, when bought at FCA and CySEC regulated eToro.

Comparison summary

  • Both brokers provide CFD trading
  • At FCA and CySEC regulated eToro, real Stocks and Cryptos (not CFDs) are offered to buy
  • Both brokers provide user friendly platform to trade on
  • Plus500 has more markets to trade
  • eToro offers social and copy trading on its platform

Plus500

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