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 is a Social Trading Network which provides trading in 1000+ markets. Plus500 offers trading in 2000+ markets. Each broker offers CFDs. When trading a CFD, the trader does not own the market being traded, but FCA and CySEC regulated eToro lets the trader own Cryptocurrencies and Stocks (i.e they are not CFDs when bought). Both provide web traders and apps.

eToro offers support for traders who execute trades at their own discretion, informed by connections with other traders. It also has trading automation, by allowing traders to copy the trades of these other traders. Plus500 aims to make the discretionary trading process as straightforward as possible, and has a wider range of technical indicators.

eToro has Cryptocurrencies and Stocks which the trader owns when bought at FCA and CySEC regulated eToro, but do not have leverage, while Plus500 offers Cryptocurrencies and Stocks as CFDs, which are not owned by the trader, but do have leverage available.

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

eToro offers a range of ways to trade including social and copy trading on a web trader and apps, while Plus500 provides CFD trading on its web trader and apps, and has more markets available.

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 Network which supports trading and auto trading by copying other traders (or being copied) and provides products based on this network.
  • 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 and ETFs, 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 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's typical spreads are 3 for EUR/USD, 1 for UK100, 0.45 for Gold and 0.05 for US Oil.
  • Plus500 offers fixed and variable spreads depending on the instrument.

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

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

  • eToro is a social trading network, which provides CFD trading
  • eToro supports automated trading, with copy trading
  • Neither broker allows trading using robots
  • Plus500 is a broker offering CFD trading
  • Plus500 can offer more CFDs and a wider range
  • Both provide a relatively wide range of Cryptocurrencies
  • eToro offers Cryptocurrencies and Stocks to own when bought
  • Plus500 offers Cryptocurrency and Stocks CFDs to trade without owning the Cryptocurrency or Stock
  • Neither provides MT4, but each has a web trader and apps available

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