eToro vs Plus500: Comparison and Analysis

In this article, we will provide a comprehensive comparison between two popular online brokers, eToro and Plus500, focusing on their key features, advantages, and disadvantages. Our goal is to help you make an informed decision when choosing between these platforms. Let’s dive into the eToro vs Plus500 comparison using the data provided in the tables above.

Security and Rating:

Both eToro and Plus500 offer a high level of security, scoring 95 and 96, respectively. Overall, eToro has a slightly higher rating of 77, compared to Plus500’s rating of 74.

Demo Account:

Both brokers provide an unlimited demo account for users. However, eToro’s virtual balance of $100,000 may not reflect the reality for the average trader, while Plus500’s virtual funds could also be too high compared to a classic user’s actual funds.

Minimum Deposit:

eToro requires a minimum deposit of $50 depending on the country, but small conversion fees may apply. On the other hand, Plus500 has a $100 minimum deposit for credit card users and a $500 minimum deposit for those who use wire transfers.

Social Trading and Copy Trading:

eToro is known for its social trading features and user-friendly copy trading layout. However, it’s important to be cautious, as amateur traders can potentially influence your decisions. Plus500 does not offer social trading or copy trading features.

CFD and Forex Trading:

eToro offers over 1,000 tradable assets, but some of them charge very high spreads. Plus500 provides more than 2,000 assets, but its spreads are slightly higher compared to other providers, and trading conversion fees can be up to 0.7%.

Stock Market:

eToro allows commission-free trading for real stocks, but this feature is only available to CySEC, FCA, and ASIC customers. Plus500 does not offer stock trading.

Cryptocurrency Trading:

Both eToro and Plus500 offer cryptocurrency trading. eToro allows users to trade cryptocurrencies as real assets with spreads starting from 1% on Bitcoin, but most of its cryptocurrencies have very high spreads. Plus500 offers 14 cryptocurrencies, including crypto-to-crypto and fiat-to-crypto pairs, with a competitive spread on Bitcoin. However, it has a fixed leverage that cannot be changed.

eToro Platform and Plus500 Trading Platform:

eToro has a proprietary trading platform, which offers more than 100 crypto assets. However, it charges very high commissions for crypto transfers. Plus500’s trading platform is easy to use and available via webtrader and mobile. Unfortunately, it has limited chart tools and does not support API.

Education:

eToro’s education score is 64, while Plus500 lags with a score of 38. This indicates that eToro provides better educational resources for traders compared to Plus500.

In conclusion, both eToro and Plus500 have their own advantages and disadvantages. eToro excels in social trading, copy trading, and educational resources, while Plus500 offers a larger number of tradable assets and a more user-friendly trading platform. Ultimately, your choice between eToro vs Plus500 will depend on your personal preferences and trading needs.

eToro is a multi-asset platform which offers both investing in stocks and cryptoassets, as well as trading CFDs.

Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Trading history presented is less than 5 complete years and may not suffice as basis for investment decision. This communication is intended for information and educational purposes only and should not be considered investment advice or investment recommendation. Past performance is not an indication of future results.

Copy Trading does not amount to investment advice. The value of your investments may go up or down. Your capital is at risk.

Don’t invest in cryptocurrencies unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro.