ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure

Plus500 vs eToro 2019

Is eToro better than Plus500? After assessing forex brokers on nearly 100 different variables, eToro is better than Plus500.
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 3 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 93 88
Year Founded
2008 2007
Publicly Traded (Listed)
Yes No
Bank
No No
Tier-1 Licenses
2 2
Tier-2 Licenses
3 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 1980
Cryptocurrency traded as actual
No Yes
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 3.5 4
Winner check_circle

Cost

Feature Plus500 eToro
Average Spread EUR/USD - Standard
0.6 (as of Aug 2018) 3 (as of May 19)
All-in Cost EUR/USD - Active
N/A N/A
Active Trader or VIP Discounts
No Yes
Commissions & Fees 4 3.5
Winner check_circle

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 2.5 4
Winner check_circle

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 4
Winner check_circle

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 2.5 3
Winner check_circle

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 1 4
Winner check_circle

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 3 4
Winner check_circle
After spending several months and hundreds of hours researching 28 different forex brokers for trading FX, our team at ForexBrokers.com team collected over 2,200 data points. For this review, we will compare eToro vs Plus500.

To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Plus500 received a rating of 4.00 stars over eToro's 3.50 stars.

Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. eToro and Plus500 both are regulated in a major hub. Plus500 is a publicly traded company, eToro isn't. As far as how many currency pairs are available for trading, here's the answer. Plus500 boasts an offering of 60 different currency pairs compared to eToro's 47 available pairs.

Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. eToro nor Plus500 offers Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. Plus500 trails eToro by 14 total charting tools, with eToro offering 14 and Plus500 offering 0. eToro trails Plus500 by 36 total different indicators (for example, moving averages), with Plus500 offering 103 and eToro offering 67.

eToro Review
Plus500 Review


Trading CFDs, FX, and cryptocurrencies involves 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 02/18/2019 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.

Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).

arrow_drop_upBack to top