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Plus500 vs eToro 2020

Is eToro better than Plus500? After testing 30 of the best forex brokers over five months, Plus500 is better than eToro. 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.



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.

Overall Rating

Feature Plus500 eToro
Overall 4 4
Plus500 Review eToro Review
76.4% of retail CFD accounts lose money 75% of retail CFD accounts lose money

Regulation

Feature Plus500 eToro
Trust Score 98 91
Year Founded
2008 2007
Publicly Traded (Listed)
Yes No
Bank
No No
Tier-1 Licenses
3 2
Tier-2 Licenses
4 1
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature Plus500 eToro
ASIC Authorised (Australia)
Yes Yes
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
Yes No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Investments

Feature Plus500 eToro
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
No Yes
Currency Pairs (Total Forex pairs)
50 47
CFDs - Total Offered
2033 2314
Cryptocurrency traded as actual
No Yes
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 4 4.5
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Cost

Feature Plus500 eToro
Average Spread EUR/USD - Standard
0.6 (as of Aug 2018) 1 (August 2020)
All-in Cost EUR/USD - Active
N/A N/A
Active Trader or VIP Discounts
No Yes
Commissions & Fees 4 3
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Funding

Feature Plus500 eToro
Minimum Initial Deposit
€100 $200
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 eToro
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes No
Web Platform
Yes Yes
Social Trading / Copy-Trading
No Yes
MetaTrader 4 (MT4)
No No
MetaTrader 5 (MT5)
No No
cTrader
No No

Trading Tools

Feature Plus500 eToro
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
10 6
Charting - Indicators / Studies (Total)
103 66
Charting - Drawing Tools (Total)
21 13
Charting - Trade From Chart
No No
Charting - Drawings Autosave
No Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 3.5 4
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Mobile Trading

Feature Plus500 eToro
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 Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
18 5
Charting - Draw Trend Lines
No No
Charting - Trend Lines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No No
Forex Calendar
No No
Mobile Trading 3.5 4
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Research

Feature Plus500 eToro
Daily Market Commentary
No Yes
Forex News (Top-Tier Sources)
No No
Weekly Webinars
No No
AutoChartist
No No
Trading Central (Recognia)
No No
Delkos Research
No No
Social Sentiment - Currency Pairs
No Yes
Economic Calendar
Yes Yes
Research 3.5 4
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Education

Feature Plus500 eToro
Has Education - Forex
No Yes
Has Education - CFDs
No No
Client Webinars
No Yes
Client Webinars (Archived)
No No
Videos - Beginner Trading Videos
No Yes
Videos - Advanced Trading Videos
No Yes
Investor Dictionary (Glossary)
No Yes
Education 3 4
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Major Forex Pairs

Feature Plus500 eToro
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 eToro
Plus500 Review eToro Review
Overall 4 4
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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 eToro vs Plus500.

Does eToro 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 eToro 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. Plus500 holds 3 global Tier-1 licenses, while eToro holds 2. Plus500 holds 4 global Tier-2 licenses, while eToro holds 1. All regulators considered, Plus500 has a Trust Score of 98.00, while eToro's Trust Score is 91.00.

Which trading platform is better: eToro or Plus500?
To compare the trading platforms of both eToro and Plus500, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, eToro offers a better experience. With research, eToro offers superior market research. Finally, we found eToro 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 eToro offers copy trading, Plus500 does not. Neither broker offers Meta Trader.

How many forex pairs and CFDs are available to trade?
Plus500 provides traders 50 currency pairs (e.g., EUR/USD) compared to eToro's 47 available pairs. Forex pairs aside, eToro offers traders access to 2314 CFDs while Plus500 has 2033 available CFDs, a difference of 281.

Overall, between eToro and Plus500, Plus500 is the better forex broker.

eToro Review
Plus500 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).

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