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eToro vs Plus500 2021

Is eToro better than Plus500? After testing 27 of the best forex brokers over five months, eToro is better than Plus500. eToro is a winner for its easy-to-use copy-trading platform where traders can copy the trades of investors across over 2300 instruments, including exchange-traded securities, forex, CFDs, and popular cryptocurrencies.


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 eToro Plus500
Overall 4 4
Commissions & Fees 4 4
Offering of Investments 4.5 4
Platforms & Tools 4 4
Mobile Trading 4 4
Research 4 3
Education 4 3
Trust Score 93 98
eToro Review Plus500 Review
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67% of retail CFD accounts lose money 76.4% of retail CFD accounts lose money

Regulation

Feature eToro Plus500
Trust Score 93 98
Year Founded
2007 2008
Publicly Traded (Listed)
No Yes
Bank
No No
Tier-1 Licenses
2 3
Tier-2 Licenses
1 4
Tier-3 Licenses
1 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

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

Investments

Feature eToro Plus500
Forex Trading
Yes Yes
CFDs (Total)
2314 2033
Forex Pairs (Total)
47 50
Cryptocurrency (Physical)
Yes No
Cryptocurrency (CFD)
Yes Yes
Social Trading / Copy-Trading
Yes No

Cost

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

Funding

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

Trading Tools

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

Mobile Trading

Feature eToro Plus500
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
No Yes
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
5 18
Charting - Draw Trendlines
No No
Charting - Trendlines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No No
Forex Calendar
No No

Research

Feature eToro Plus500
Daily Market Commentary
Yes No
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
Yes No
Economic Calendar
Yes Yes

Education

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

Major Forex Pairs

Feature eToro Plus500
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 eToro Plus500
Overall 4 4
Commissions & Fees 4 4
Offering of Investments 4.5 4
Platforms & Tools 4 4
Mobile Trading 4 4
Research 4 3
Education 4 3
Trust Score 93 98
eToro 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 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 93.00.

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 winner: eToro

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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).

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