Is AvaTrade better than Plus500? After testing 30 of the best forex brokers over five months, Plus500 is better than AvaTrade. Plus500 is a trusted global brand that offers retail forex and CFD traders an easy-to-use platform, and a thorough selection of tradeable instruments. However, Plus500 trails industry leaders in market research and advanced trading tools desired by active traders.
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Plus500 vs AvaTrade 2020
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall Rating
| Feature | Plus500 | AvaTrade |
| Overall | ||
| Plus500 Review | AvaTrade Review | |
| 76.4% of retail CFD accounts lose money | 79% of retail CFD accounts lose money |
Regulation
| Feature | Plus500 | AvaTrade |
| Trust Score | 98 | 95 |
|
Year Founded |
2008 | 2006 |
|
Publicly Traded (Listed) |
Yes | No |
|
Bank |
No | No |
|
Tier-1 Licenses |
3 | 3 |
|
Tier-2 Licenses |
4 | 4 |
|
Tier-3 Licenses |
0 | 1 |
|
Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses
| Feature | Plus500 | AvaTrade |
|
ASIC Authorised (Australia) |
Yes | Yes |
|
IIROC Authorised (Canada) |
No | Yes |
|
SFC Authorised (Hong Kong) |
No | No |
|
FSA Authorised (Japan) |
No | Yes |
|
MAS Authorised (Singapore) |
Yes | No |
|
FINMA Authorised (Switzerland) |
No | No |
|
FCA Authorised (UK) |
Yes | No |
|
CFTC Registered (USA) |
No | No |
Investments
| Feature | Plus500 | AvaTrade |
|
Forex: Spot Trading |
Yes | Yes |
|
Social Trading / Copy-Trading |
No | Yes |
|
Currency Pairs (Total Forex pairs) |
50 | 55 |
|
CFDs - Total Offered |
2033 | 722 |
|
Cryptocurrency traded as actual |
No | No |
|
Cryptocurrency traded as CFD |
Yes | Yes |
| Offering of Investments | ||
| Winner | check_circle |
Cost
| Feature | Plus500 | AvaTrade |
|
Average Spread EUR/USD - Standard |
0.6 (as of Aug 2018) | 0.90 (August 2020) |
|
All-in Cost EUR/USD - Active |
N/A | 0.60 (August 2020) |
|
Active Trader or VIP Discounts |
No | Yes |
| Commissions & Fees | ||
| Winner | check_circle |
Funding
| Feature | Plus500 | AvaTrade |
|
Minimum Initial Deposit |
€100 | $100.00 |
|
Bank Wire (Deposit/Withdraw) |
Yes | Yes |
|
Visa/Mastercard (Credit/Debit) |
Yes | Yes |
|
PayPal (Deposit/Withdraw) |
Yes | Yes |
|
Skrill (Deposit/Withdraw) |
Yes | Yes |
Trading Platforms
| Feature | Plus500 | AvaTrade |
|
Proprietary Platform |
Yes | Yes |
|
Desktop Platform (Windows) |
Yes | Yes |
|
Web Platform |
Yes | Yes |
|
Social Trading / Copy-Trading |
No | Yes |
|
MetaTrader 4 (MT4) |
No | Yes |
|
MetaTrader 5 (MT5) |
No | Yes |
|
cTrader |
No | No |
Trading Tools
| Feature | Plus500 | AvaTrade |
|
Virtual Trading (Demo) |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watchlists - Total Fields |
10 | 6 |
|
Charting - Indicators / Studies (Total) |
103 | 90 |
|
Charting - Drawing Tools (Total) |
21 | 0 |
|
Charting - Trade From Chart |
No | Yes |
|
Charting - Drawings Autosave |
No | Yes |
|
Order Type - Trailing Stop |
Yes | Yes |
| Platform & Tools | ||
| Winner | check_circle |
Mobile Trading
| Feature | Plus500 | AvaTrade |
|
Android App |
Yes | Yes |
|
Apple iOS App |
Yes | Yes |
|
Trading - Forex |
Yes | Yes |
|
Trading - CFDs |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | No |
|
Watch List |
Yes | No |
|
Watch List Syncing |
Yes | No |
|
Charting - Indicators / Studies |
18 | 93 |
|
Charting - Draw Trend Lines |
No | No |
|
Charting - Trend Lines Moveable |
No | Yes |
|
Charting - Multiple Time Frames |
Yes | Yes |
|
Charting - Drawings Autosave |
No | No |
|
Forex Calendar |
No | No |
| Mobile Trading | ||
| Winner | check_circle |
Research
| Feature | Plus500 | AvaTrade |
|
Daily Market Commentary |
No | Yes |
|
Forex News (Top-Tier Sources) |
No | Yes |
|
Weekly Webinars |
No | No |
|
AutoChartist |
No | No |
|
Trading Central (Recognia) |
No | Yes |
|
Delkos Research |
No | No |
|
Social Sentiment - Currency Pairs |
No | Yes |
|
Economic Calendar |
Yes | Yes |
| Research | ||
| Winner | check_circle |
Education
| Feature | Plus500 | AvaTrade |
|
Has Education - Forex |
No | Yes |
|
Has Education - CFDs |
No | No |
|
Client Webinars |
No | Yes |
|
Client Webinars (Archived) |
No | Yes |
|
Videos - Beginner Trading Videos |
No | Yes |
|
Videos - Advanced Trading Videos |
No | Yes |
|
Investor Dictionary (Glossary) |
No | Yes |
| Education | ||
| Winner | check_circle |
Major Forex Pairs
| Feature | Plus500 | AvaTrade |
|
GBP/USD |
Yes | Yes |
|
USD/JPY |
Yes | Yes |
|
EUR/USD |
Yes | Yes |
|
USD/CHF |
Yes | Yes |
|
USD/CAD |
Yes | Yes |
|
NZD/USD |
Yes | Yes |
|
AUD/USD |
Yes | Yes |
Overall
| Feature | Plus500 | AvaTrade |
| Plus500 Review | AvaTrade Review | |
| Overall | ||
| Winner | check_circle |
Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let's compare AvaTrade vs Plus500.
Does AvaTrade or Plus500 offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Plus500 offers better pricing overall for traders.
Is AvaTrade or Plus500 safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. Both AvaTrade and Plus500 hold 3 global Tier-1 licenses. Both AvaTrade and Plus500 hold 4 global Tier-2 licenses. All regulators considered, Plus500 has a Trust Score of 98.00, while AvaTrade's Trust Score is 95.00.
Which trading platform is better: AvaTrade or Plus500?
To compare the trading platforms of both AvaTrade and Plus500, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Plus500 offers a better experience. With research, Plus500 offers superior market research. Finally, we found Plus500 to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. While AvaTrade offers copy trading, Plus500 does not. AvaTrade offers MetaTrader 4 (MT4), while Plus500 does not.
How many forex pairs and CFDs are available to trade?
AvaTrade provides traders 55 currency pairs (e.g., EUR/USD) compared to Plus500's 50 available pairs. Forex pairs aside, Plus500 offers traders access to 2033 CFDs while AvaTrade has 722 available CFDs, a difference of 1,311.
Overall, between AvaTrade and Plus500, Plus500 is the better forex broker.
AvaTrade ReviewPlus500 Review
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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.
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Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
