Is AvaTrade better than Plus500? After testing 27 of the best forex brokers over five months, AvaTrade is better than Plus500. AvaTrade is a trusted global brand best known for offering traders an extensive selection of trading platform options. Our testing found AvaTrade to be great for copy trading, competitive for mobile, mostly in line with the industry average for pricing and research, and a winner for investor education.
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AvaTrade vs Plus500 2021
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 | AvaTrade | Plus500 |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 93 | 98 |
| AvaTrade Review | Plus500 Review | |
| Winner | check_circle | |
| 73% of retail CFD accounts lose money | 76.4% of retail CFD accounts lose money |
Regulation
| Feature | AvaTrade | Plus500 |
| Trust Score | 93 | 98 |
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Year Founded |
2006 | 2008 |
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Publicly Traded (Listed) |
No | Yes |
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Bank |
No | No |
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Tier-1 Licenses |
3 | 3 |
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Tier-2 Licenses |
4 | 4 |
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Tier-3 Licenses |
1 | 0 |
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Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses (High Trust)
| Feature | AvaTrade | Plus500 |
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ASIC Authorised (Australia) |
Yes | Yes |
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IIROC Authorised (Canada) |
Yes | No |
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SFC Authorised (Hong Kong) |
No | No |
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FSA Authorised (Japan) |
Yes | No |
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MAS Authorised (Singapore) |
No | Yes |
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FINMA Authorised (Switzerland) |
No | No |
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FCA Authorised (UK) |
No | Yes |
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CFTC Registered (USA) |
No | No |
Investments
| Feature | AvaTrade | Plus500 |
|
Forex Trading |
Yes | Yes |
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CFDs (Total) |
722 | 2033 |
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Forex Pairs (Total) |
55 | 50 |
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Cryptocurrency (Physical) |
No | No |
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Cryptocurrency (CFD) |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | No |
Cost
| Feature | AvaTrade | Plus500 |
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Average Spread EUR/USD - Standard |
0.91 (August 2020) | 0.6 (as of Aug 2018) |
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All-in Cost EUR/USD - Active |
0.61 (August 2020) | N/A |
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Active Trader or VIP Discounts |
Yes | No |
Funding
| Feature | AvaTrade | Plus500 |
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Minimum Initial Deposit |
$100.00 | €100 |
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Bank Wire (Deposit/Withdraw) |
Yes | Yes |
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Visa/Mastercard (Credit/Debit) |
Yes | Yes |
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PayPal (Deposit/Withdraw) |
Yes | Yes |
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Skrill (Deposit/Withdraw) |
Yes | Yes |
Trading Platforms
| Feature | AvaTrade | Plus500 |
|
Proprietary Platform |
Yes | Yes |
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Desktop Platform (Windows) |
Yes | Yes |
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Web Platform |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | No |
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MetaTrader 4 (MT4) |
Yes | No |
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MetaTrader 5 (MT5) |
Yes | No |
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cTrader |
No | No |
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DupliTrade |
Yes | No |
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ZuluTrade |
Yes | No |
Trading Tools
| Feature | AvaTrade | Plus500 |
|
Virtual Trading (Demo) |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
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Watchlists - Total Fields |
6 | 10 |
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Charting - Indicators / Studies (Total) |
90 | 103 |
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Charting - Drawing Tools (Total) |
0 | 21 |
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Charting - Trade From Chart |
Yes | No |
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Charting - Drawings Autosave |
Yes | No |
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Order Type - Trailing Stop |
Yes | Yes |
Mobile Trading
| Feature | AvaTrade | Plus500 |
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Android App |
Yes | Yes |
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Apple iOS App |
Yes | Yes |
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Alerts - Basic Fields |
No | Yes |
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Watch List |
No | Yes |
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Watch List Syncing |
No | Yes |
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Charting - Indicators / Studies |
93 | 18 |
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Charting - Draw Trendlines |
No | No |
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Charting - Trendlines Moveable |
Yes | No |
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Charting - Multiple Time Frames |
Yes | Yes |
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Charting - Drawings Autosave |
No | No |
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Forex Calendar |
No | No |
Research
| Feature | AvaTrade | Plus500 |
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Daily Market Commentary |
Yes | No |
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Forex News (Top-Tier Sources) |
Yes | No |
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Weekly Webinars |
No | No |
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AutoChartist |
No | No |
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Trading Central (Recognia) |
Yes | No |
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Delkos Research |
No | No |
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Social Sentiment - Currency Pairs |
Yes | No |
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Economic Calendar |
Yes | Yes |
Education
| Feature | AvaTrade | Plus500 |
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Has Education - Forex |
Yes | No |
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Has Education - CFDs |
No | No |
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Client Webinars |
Yes | No |
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Client Webinars (Archived) |
Yes | No |
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Videos - Beginner Trading Videos |
Yes | No |
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Videos - Advanced Trading Videos |
Yes | No |
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Investor Dictionary (Glossary) |
Yes | No |
Major Forex Pairs
| Feature | AvaTrade | Plus500 |
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GBP/USD |
Yes | Yes |
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USD/JPY |
Yes | Yes |
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EUR/USD |
Yes | Yes |
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USD/CHF |
Yes | Yes |
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USD/CAD |
Yes | Yes |
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NZD/USD |
Yes | Yes |
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AUD/USD |
Yes | Yes |
Overall
| Feature | AvaTrade | Plus500 |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 93 | 98 |
| AvaTrade Review | Plus500 Review |
Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 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, AvaTrade 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 93.00.
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, AvaTrade offers a better experience. With research, AvaTrade offers superior market research. Finally, we found AvaTrade 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 winner: AvaTrade
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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 website as of 12/14/2020 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).
