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eToro vs Plus500 2022

ForexBrokers.com

Written by ForexBrokers.com

Published July 15, 2022
Last modified August 25, 2022

Is eToro better than Plus500? In our analysis of 23 international regulators across 39 brokers, eToro is considered low-risk, with an overall Trust Score of 93 out of 99. Plus500 is considered low-risk, with an overall trust score of 99 out of 99. Learn more about Trust Score.

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Overall Rating expand_moreexpand_less eToro Plus500
Overall Rating starstarstarstarstar_border starstarstarstarstar_border
Commissions & Fees starstarstarstarstar_border starstarstarstarstar_border
Offering of Investments starstarstarstarstar_border starstarstarstarstar_border
Platform & Tools starstarstarstarstar_border starstarstarstarstar_border
Mobile Trading starstarstarstarstar_border starstarstarstarstar_border
Research starstarstarstarstar_border starstarstarstar_borderstar_border
Education starstarstarstarstar_border starstarstarstar_borderstar_border
Trust Score 93 99
Winner check_circle
Review eToro Review Plus500 Review
Regulation expand_moreexpand_less eToro Plus500
Trust Score 93 99
Year Founded 2007 2008
Publicly Traded (Listed) No Yes
Bank No No
Tier-1 Licenses 2 4
Tier-2 Licenses 1 3
Tier-3 Licenses 0
Authorised in European Union Yes Yes
Tier-1 Licenses (High Trust) expand_moreexpand_less eToro Plus500
ASIC Authorised (Australia) Yes Yes
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No Yes
MAS Authorised (Singapore) No Yes
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes Yes
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No Yes
Tier-2 Licenses (Average Trust) expand_moreexpand_less eToro Plus500
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes Yes
NSE Authorised (India) No No
ISA Authorised (Israel) No Yes
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No Yes
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust) expand_moreexpand_less eToro Plus500
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
Investments expand_moreexpand_less eToro Plus500
Forex Trading Yes Yes
Trading - Forex or CFDs Yes Yes
Tradeable Symbols (Total) 3056 1896
Forex Pairs (Total) 47 71
U.S. Stock Trading (Non CFD) Yes Yes
Int'l Stock Trading (Non CFD) Yes Yes
Social Trading / Copy Trading Yes No
Cryptocurrency (Physical) Yes No
Cryptocurrency (CFD) Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account.
Cost expand_moreexpand_less eToro Plus500
Average Spread EUR/USD - Standard 1 (August 2021) 0.6 (as of Aug 2018)
All-in Cost EUR/USD - Active N/A N/A
Active Trader or VIP Discounts Yes No
Execution: Agency Broker Yes No
Execution: Market Maker Yes Yes
Funding expand_moreexpand_less eToro Plus500
Minimum Initial Deposit $10-$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 expand_moreexpand_less eToro Plus500
Proprietary Platform Yes Yes
Desktop Platform (Windows) No No
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 expand_moreexpand_less eToro Plus500
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 6 9
Charting - Indicators / Studies (Total) 66 110
Charting - Drawing Tools (Total) 13 21
Charting - Trade From Chart No No
Charts can be saved Yes Yes
Mobile Trading expand_moreexpand_less eToro Plus500
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing Yes Yes
Mobile Charting - Indicators / Studies 5 110
Mobile Charting - Draw Trendlines No Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave No No
Forex Calendar No Yes
Research expand_moreexpand_less eToro Plus500
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) No No
Autochartist No No
Trading Central (Recognia) Yes No
Social Sentiment - Currency Pairs Yes Yes
Economic Calendar Yes Yes
Education expand_moreexpand_less eToro Plus500
Has Education - Forex or CFDs Yes No
Client Webinars Yes No
Client Webinars (Archived) Yes No
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos Yes No
Investor Dictionary (Glossary) Yes No
Major Forex Pairs expand_moreexpand_less 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
Review eToro Review Plus500 Review
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eToro vs Plus500 Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 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 23 international regulator databases. Here's our findings. Plus500 holds 4 global Tier-1 licenses, while eToro holds 2. Plus500 holds 3 global Tier-2 licenses, while eToro holds 1. In our analysis of 23 international regulators across 50 brokers, Plus500 earned a higher Trust Score than eToro.

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. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

Plus500 provides traders 71 currency pairs (e.g., EUR/USD) compared to eToro's 47 available pairs. Forex pairs aside, eToro offers traders access to 3056 CFDs while Plus500 has 1896 available CFDs, a difference of 1160.

Can I trust eToro?

eToro is not publicly traded and does not operate a bank. eToro is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulators (low trust). eToro is authorised by the following tier-1 regulators: Australian Securities & Exchange Commission (ASIC) and the Financial Conduct Authority (FCA).

Can I trust Plus500?

Plus500 is publicly traded and does not operate a bank. Plus500 is authorised by five tier-1 regulators (high trust), three tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Plus500 is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA), Australian Securities & Investment Commission (ASIC), and the Monetary Authority of Singapore (MAS).

Is eToro good?

eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.

Is Plus500 good?

Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to a thorough selection of CFDs. Share trading is available, but only via its Plus500 Invest product offering.

Overall winner: eToro

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