In this detailed comparison, we delve into the strengths and weaknesses of eToro and Plus500. By analyzing hundreds of data points, we aim to simplify your decision-making process and help you choose the broker that aligns with your specific requirements.
| Plus500 | eToro |
|---|---|
Plus500 is a global CFD broker, offering more than 2,500 financial instruments. The company's headquarters are in Israel, and the Plus500 is listed on the London Stock Exchange. Founded in 2008, they are a well regulated online broker. Read Full Review |
eToro is a social/copy trading platform offering a wide range of markets, along with 0% commission on stocks. They are regulated in top-tier jurisdictions. Read Full Review |
| Year founded: | |
| 2008 | 2007 |
| Regulated by: | |
| ASIC, FCA, FMA, FSCA, CySEC, MAS, FSA | FinCEN, FCA, MiFID, CySec, ASIC |
| Headquarters: | |
| Israel | London UK, Limassol Cyprus, Sydney Australia, USA |
| Is a Bank: | |
| No | No |
| Demo Account: | |
| Yes ✔️ | Yes ✔️ |
| Minimum Deposit: | |
| $100 | $50 – $10,000 |
| Minimum Trade: | |
| varies | $25 – $1,000 |
| Islamic Account: | |
| Check Website | Yes ✔️ |
| Social/Copy Trading: | |
| No | Yes ✔️ |
| Spread Betting: | |
| No | No |
| Excluded countries: | |
| N/A | 133 |
Types of Products And Markets Available
Comparing Plus500 to eToro, eToro offers CFD trading and real stocks, while Plus500 only offers CFDs. If you want a better overall trading experience with the option to trade real stocks, go with eToro.
Plus500 is better for day traders with their fees on CFDs.
| Plus500 | eToro |
|---|---|
| Markets Available: | |
| Crypto, Indices, Forex,
Shares, Options, ETFs, Commodities *all through CFD |
Stocks (real), Commodities (CFD), Indices (CFD), Currencies (CFD), Cryptoassets (real and CFD) |
| CFDs | |
| Yes ✔️ | Yes ✔️ 2386 |
| Forex Pairs | |
| Yes ✔️ (CFD) | Yes ✔️ 49 |
| Stocks | |
| Yes (CFD) | Yes ✔️ 2106 |
| Cryptocurrencies | |
| Yes (CFD) | Yes ✔️ 16 |
| Commodities | |
| Yes (CFD) | Yes ✔️ 31 |
| ETFs | |
| Yes (CFD) | No |
| Options | |
| Yes (CFD) | No ❌ |
| EFPs | |
| No | No |
| Mutual Funds | |
| No | No |
| Robo Portfolios | |
| No | No |
Trading Platforms
Comparing Plus500 to eToro based on trading platforms, Plus500 is a winner. Plus500 has a proprietary platform, available as a browser, and mobile app platform. It is user friendly, has a clean look, search functions are great and charting capabilities are good enough.
On the flip side, eToro is the better choice for traders that are looking for a more hands off approach with their copy trading capabilities.
eToro is better for beginner to intermediate traders, while Plus500 is better for advanced traders.
| Plus500 | eToro |
|---|---|
| Proprietary Platform: | |
| Yes | Yes ✔️ |
| Desktop Platform: | |
| No ❌ | No ❌ |
| Mobile App: | |
| Yes ✔️ iOS, Android |
Yes ✔️ iOS, Android |
| Web Trading Platform: | |
| Yes ✔️ | Yes ✔️ |
| MetaTrader: | |
| No | No |
| cTrader: | |
| No | No |
| Mirror Trader: | |
| No | No |
| Zulu Trade: | |
| No | No |
| Dupli Trade: | |
| No | No |
Fees
eToro offers 0% commissions on real stocks, but their Forex fees are high. Plus500 doesn't charge commissions, the cost is built into the spread, but they charge Overnight Funding, Guaranteed Stop Order, Currency Conversion Fee, and Inactivity Fees.
Plus500 has no withdrawal fees, while eToro has a $5 withdrawal.
Overall we pick Plus500 compared to eToro (except for investing in real stocks).
| XTB | eToro |
|---|---|
| Trading Fees: | |
| Yes Varies |
Yes 0% Commission on stocks Spread Varies |
| Deposit Fees: | |
| No | No |
| Withdrawal Fees: | |
| $0 | $5 (Bank Transfer) $5 (Credit Cards, eWallets) |
| Overnight Funding: | |
| Yes | Yes |
| Inactivity Fee: | |
| Yes* €15 *after 1 year of no trading activity |
Yes $10/month |
Customer Support
Customer support is better at Plus500 than eToro.
Plus500 has live chat, a FAQ section, email and even WhatsApp available. Their customer service is available 24/7. eToro is known for its slow support times.
When it comes to support, Plus500 is the better option.
| Plus500 | eToro |
|---|---|
| eMail: | |
| Yes ✔️ | Yes ✔️ |
| Online Chat: | |
| Yes ✔️ | Yes ✔️ |
| Phone Support: | |
| No | No |
| Languages: | |
| Multiple | 15 |
Account Funding
Both eToro and Plus500 offer good deposit methods that will suffice for most clients. This one comes down to personal preference.
| Plus500 | eToro |
|---|---|
| Deposit Methods: | |
| Credit Cards, Wire Transfer, PayPal, Skrill | Visa, MasterCard, Skrill, Diners Club, PayPal, WebMoney, Neteller, Yandex, Union Pay |
| Deposit Fee: | |
| No | No |
| Minimum Deposit: | |
| $100 | $50 – $10,000 |
Education
Both Plus500 and eToro offer educational resources for investors. Educational videos, articles, and a demo account are available at both brokers.
There is not much between these two, but we like eToro education better.
| Plus500 | eToro |
|---|---|
| Video Tutorials: | |
| Yes ✔️ | Yes ✔️ |
| Webinars: | |
| No | Yes ✔️ |
Verdict
Is eToro better than Plus500?
We found that Plus500 is better than eToro. Plus500 offers a better trading experience for advanced traders, while eToro is the better choice for trading stocks with 0% commissions.
Plus500
- Trade CFDs on Shares, Indices, Forex, and Cryptocurrency
- Well Regulated
- Fast Order Execution
- Trusted by Millions
- Reliable
- Tight Spreads
- No Commissions
86% of retail investor accounts lose money when trading CFDs with this provider.
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