eToro Vs Plus500
How eToro and Plus500 Compare in 2023
eToro or Plus500 who is better?
Compare ETORO Versus PLUS500 and IC Markets broker accounts.
Compare eToro Vs Plus500 Side by Side
So you are looking for a broker, eToro or Plus500 who should you choose?
When trading on financial markets you will want to know all about who eToro or Plus500 are, and how they compare. You will naturally want to know how long eToro and Plus500 have been in business and what reputation eToro and Plus500 have. On top of this, you will need to discover if eToro and Plus500 match your trading needs.
Having a reputable and dependable broker is crucial to your trading. The reason for this is quite a simple one You need to be sure in the knowledge that your money is in a segregated bank account with a financially regulated broker. Let us see how eToro and Plus500 compare.
Well in our side by side comparison we make it easier for you to see what is right for you. As with anything the final decision on which broker to trade with should ultimately be based on what and how you going to trade.
Our comparison will help you judge the effectiveness, price, ease of use and support trustworthiness of eToro and Plus500 side by side.
You are eager to start trading so let us help you make a more informed descision.
Our Comparebrokers.co team has painstakingly spent months assessing different brokers accounts. We collected over 1200 data points on eToro and Plus500. To simplify things, we analyzed everything for you and provide the main points in relevant blocks on this page.
Regulation alongside currency availability is important when deciding upon a broker. It is very important when selecting a broker like the eToro platform or Plus500, you can trust with your money with them. To finish off our comparison, let's look at the popular tools and features traders prefer side by side.
- Established in 2007
- eToro have been in business for 16 years.
- Head quarters in Cyprus, UK.
- Live Chat
- Segregates clients funds
- eToro Min deposit $50
eToro sign up here
| Reputation | Support |
|---|---|
|
Great
|
Great
|
eToro Regulation
eToro is regulated by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC).
Excluded Countries
ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, UA, JO, KR,
eToro Fees
| Deposit fee | No | ||
| Commission | Yes | ||
| Inactivity fee | Yes | ||
| Withdrawal fee | Yes | ||
| Min trade | $10 | ||
| Max trade | 20% of equity | ||
| Min deposit | $50 |
& fees here
Funding Methods
| Credit card | |
| Bank transfer | |
| American Express | |
| PayPal | |
| Neteller | |
| Skrill | |
| Bitcoin | |
Payment processing time | |
| Varies | |
Withdrawal processing time | |
| Varies | |
funding options here
eToro Features
| Apple application available | |
| Android application available | |
| Windows application available | |
| Can Set Price alerts | |
| Variable spreads (Forex) | |
| Scalping trading | |
| Hedge trading | |
| Stop loss orders | |
| Limit orders | |
| One click trading available | |
| Trailing stops available | |
| Expert advisors (Metatrader) | |
| Virtual private server (VPS) | |
| Direct market access (DMA) | |
| ECN broker (Forex ECNs) | |
| STP broker (STP) | |
| Market maker | |
| Trading Signals |
eToro Platforms
Web Trader, Tablet & Mobile apps
eToro Languages
English, German, Spanish, French, Italian
features here
Financial Markets
| Forex (Currency) | |
| Majors | |
| Indices | |
| Penny stocks | |
| Dow Jones | |
| FTSE | |
| Dax | |
| Nikkei | |
| IPO | |
| ETFs | |
| Bitcoin CFD | |
| Metals | |
| Agriculturals | |
| Energies |
instruments here
eToro Account Types
| Demo account | |
| VIP account | |
| Micro account | |
| Standard account | |
| Zero spread account | |
| Islamic account |
The information used on comparebrokers.co was updated directly from the eToro website.
Our records were last updated on
.
- Established in 2008
- Plus500 have been in business for 15 years.
- Head quarters in Israel.
- Live Chat
- Only provides CFDs
- Plus500 Min deposit $100
Plus500 sign up here
| Reputation | Support |
|---|---|
|
Good
|
Great
|
Plus500 Regulation
Plus500 is regulated by the Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651).
Excluded Countries
MY, BE, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO
Plus500 Fees
| Deposit fee | No | ||
| Commission | No | ||
| Inactivity fee | Yes | ||
| Withdrawal fee | No | ||
| Min trade | Varies | ||
| Max trade | Varies | ||
| Min deposit | $100 |
& fees here
Funding Methods
| Credit card | |
| Bank transfer | |
| American Express | |
| PayPal | |
| Neteller | |
| Skrill | |
| Bitcoin | |
Payment processing time | |
| Varies | |
Withdrawal processing time | |
| Varies | |
funding options here
Plus500 Features
| Apple application available | |
| Android application available | |
| Windows application available | |
| Can Set Price alerts | |
| Variable spreads (Forex) | |
| Scalping trading | |
| Hedge trading | |
| Stop loss orders | |
| Limit orders | |
| One click trading available | |
| Trailing stops available | |
| Expert advisors (Metatrader) | |
| Virtual private server (VPS) | |
| Direct market access (DMA) | |
| ECN broker (Forex ECNs) | |
| STP broker (STP) | |
| Market maker | |
| Trading Signals |
Plus500 Platforms
Web Trader, Tablet & Mobile apps
Plus500 Languages
English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese
features here
Financial Markets
| Forex (Currency) CFDs | |
| Majors CFDs | |
| Indices CFDs | |
| Penny stocks CFDs | |
| Dow Jones CFDs | |
| FTSE CFDs | |
| Dax CFDs | |
| Nikkei CFDs | |
| IPO | |
| ETFs CFDs | |
| Bitcoin CFD | |
| Metals CFDs | |
| Agriculturals CFDs | |
| Energies CFDs |
instruments here
Plus500 Account Types
| Demo account | |
| VIP account | |
| Micro account | |
| Standard account | |
| Zero spread account | |
| Islamic account |
The information used on comparebrokers.co was updated directly from the Plus500 website.
Our records were last updated on
.
popular - Established in 2007
- IC Markets have been in business for 16 years.
- Head quarters in Australia.
- Live Chat
- Segregates clients funds
- IC Markets Min deposit $200
IC Markets sign up here
| Reputation | Support |
|---|---|
|
Good
|
Good
|
IC Markets Regulation
IC Markets is regulated by the Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).
Excluded Countries
US, IR, CA, NZ, JP
IC Markets Fees
| Deposit fee | Varies | ||
| Commission | Yes | ||
| Inactivity fee | No | ||
| Withdrawal fee | No | ||
| Min trade | 0.01 Lot | ||
| Max trade | None | ||
| Min deposit | $200 |
& fees here
Funding Methods
| Credit card | |
| Bank transfer | |
| American Express | |
| PayPal | |
| Neteller | |
| Skrill | |
| Bitcoin | |
Payment processing time | |
| Varies | |
Withdrawal processing time | |
| Varies | |
funding options here
IC Markets Features
| Apple application available | |
| Android application available | |
| Windows application available | |
| Can Set Price alerts | |
| Variable spreads (Forex) | |
| Scalping trading | |
| Hedge trading | |
| Stop loss orders | |
| Limit orders | |
| One click trading available | |
| Trailing stops available | |
| Expert advisors (Metatrader) | |
| Virtual private server (VPS) | |
| Direct market access (DMA) | |
| ECN broker (Forex ECNs) | |
| STP broker (STP) | |
| Market maker | |
| Trading Signals |
IC Markets Platforms
MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android
IC Markets Languages
English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
features here
Financial Markets
| Forex (Currency) | |
| Majors | |
| Indices | |
| Penny stocks | |
| Dow Jones | |
| FTSE | |
| Dax | |
| Nikkei | |
| IPO | |
| ETFs | |
| Bitcoin CFD | |
| Metals | |
| Agriculturals | |
| Energies |
instruments here
IC Markets Account Types
| Demo account | |
| VIP account | |
| Micro account | |
| Standard account | |
| Zero spread account | |
| Islamic account |
The information used on comparebrokers.co was updated directly from the IC Markets website.
Our records were last updated on
.
eToro Vs Plus500 Table of Contents
- eToro and Plus500 in Detail
- Benefits of eToro and Plus500 Compared
- Why small deposits before trading are good and how eToro and Plus500 compare
- Drawbacks of eToro and Plus500 Compared
- eToro Vs Plus500 Available Financial Markets
- eToro Vs Plus500 Cryptocurrency Trading
- eToro Vs Plus500 Commission and Fees
- eToro Vs Plus500 Trading Platforms
- eToro Vs Plus500 Mobile Trading
- eToro Vs Plus500 Trading Account Types Offered
- eToro Vs Plus500 Micro Account
- eToro Vs Plus500 Standard Account
- eToro Vs Plus500 MAM Account
- eToro Vs Plus500 ECN Account
- eToro Vs Plus500 STP Account
- eToro Vs Plus500 Managed Account
- eToro Vs Plus500 Withdrawal and Funding Methods
- eToro Vs Plus500 Customer Support Compared
- eToro Vs Plus500 Live Chat
- eToro Vs Plus500 Email Support
- eToro Vs Plus500 Phone Support
- eToro Vs Plus500 Regulation and Licensing
- eToro Vs Plus500 Risk Management Features
- eToro Vs Plus500 Hedging
- eToro Vs Plus500 Stop Loss
- eToro Vs Plus500 Limit Orders
- eToro Vs Plus500 Negative Balance Protection
- eToro Vs Plus500 Verdict
- eToro and Plus500 Alternatives
- Other eToro and Plus500 Vs Comparisons
- eToro Vs Plus500 Frequently Asked Questions
- Is eToro a con?
- eToro Vs Alternatives
- Plus500 Vs Alternatives
eToro and Plus500 in Detail
The eToro online trading platform gives traders from all over the world access to over 5,000 financial instruments including over 2,800 available instruments. There are over 30,000,000+ registered customers that have taken advantage of the eToro platform.
eToro are regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC).
Plus500 is a renowned Israel financial trading brokerage established in 2008.
Plus500 serves customers globally and are regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651). Depending on the country you are trading from eToro may serve you from a different business entity to comply with its financial regulators.
Plus500 is listed as a publically traded company on a major stock market. As part of their regulatory requirements Plus500 has to disclose a yearly report publically. Because of this extra level of auditing and regulation Plus500 can be considered trustworthy. eToro is listed as a publically traded company so are a reputable broker.
Plus500 is a popular well known CFD trading platform having over 24,000,000+ million registered customers.
Benefits of eToro and Plus500 Compared
Below we will give you a brief summary of the benefits eToro and Plus500 offer side by side.
eToro offers a minimum deposit of 50 while Plus500 have a 100 minimum deposit.
Why small deposits before trading are good and how eToro and Plus500 compare
The first obvious reason is that you should only deposit what you can afford with eToro or Plus500. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. eToro has a min deposit of 50, while Plus500 has a min deposit of 100. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit offered by either eToro or Plus500 totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
eToro allows traders to trade up to 5,000 financial instruments while Plus500 have around 2,800 on their trading platform.
The more instruments available on eToro and Plus500 trading platforms the more potential financial instruments you can buy or sell for your portfolio. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of eToro or Plus500.
The eToro trading platform has 2,042 stocks listed while Plus500 has 1,600 stocks listed.
eToro allows retail traders to trade the following assets Social Trading, Stocks, Commodities, Indices, Forex (Currencies), CFDs, Cryptocurrency, Exchange Traded Funds (ETF), Index Based Funds on the eToro Web Trader, Tablet & Mobile apps trading platforms.
Alternatively Plus500 allows retail traders to trade CFDs on the Plus500 Web Trader, Tablet & Mobile apps trading platforms.
Compare eToro and Plus500 in more detail below.
Drawbacks of eToro and Plus500 Compared
Below we compare what drawbacks eToro and Plus500 have side by side.
There are many potential drawbacks with some brokers. The first one is the potential limitations eToro and Plus500 have. Generally speaking, the more things, you can invest in the better. The second thing is the trading fees and commissions you are paying with eToro vs Plus500. The higher the trading fees you pay will have more of an impact on any potential profits. Other important factors are the trading research tools, educational resources and the general usability of eToro vs Plus500.
| Broker |
eToro
|
Plus500
|
IC Markets
|
| Inactivity Fees | Yes | Yes | No |
| Withdrawl Fees | Yes | No | No |
| Withdrawal Processing Time | Varies | Varies | Varies |
| Min Deposit | 50 | 100 | 200 |
| Social Trading | Yes | No | Yes |
| Excluded Countries | ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, PT, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN, CN, BZ, DZ, MY, KH, PH, VN, EG, MN, UA, JO, KR, | MY, BE, CA, CN, ID, PH, TG, NG, DO, MA, ZW, PR, TZ, TN, UG, BW, AO | US, IR, CA, NZ, JP |
eToro Vs Plus500 Available Financial Markets
Variety is the spice of life and that certainly applies to financial markets. A diverse investment portfolio is always recommended. If your investment portfolio is diverse, it helps to protect your investments overall from huge downswings that can occur in one potential market. For example, when an aeroplane stock goes up, other aeroplane stocks usually follow suit. This of course is the positive side of putting all your eggs in one basket.
When the opposite happens this could spell disaster! The best portfolios cover for potential danger and involve businesses and stocks from all walks of life. Having more tradeable assets, commodities and assets available to you on the eToro and Plus500 platforms will help you build a more diverse investment portfolio.
*Plus500 offers CFDs only, all the instruments are available for trading only through CFDs.
| Broker |
eToro
|
Plus500
|
IC Markets
|
| Instruments Available | 5000 | 2800 | 2250 |
| Offers share dealing | Yes | Yes (through Plus500 Invest) | Yes |
| Number of Shares | 2,042 | 1,600 as CFDs | 2,100 |
| Offers US Stocks | Yes | Yes as CFDs | Yes |
| Offers UK Stocks | Yes | Yes as CFDs | Yes |
| Offers German Stocks | Yes | Yes as CFDs | Yes |
| Offers Japanese Stocks | Yes | Yes as CFDs | Yes |
| Offers Indices Trading | Yes | Yes as CFDs | Yes |
| Number of Commodities | 31 | 17 as CFDs | 20 |
| Offers Metals Commodities | Yes | Yes as CFDs | Yes |
| Offers Energy Commodities | Yes | Yes as CFDs | Yes |
| Offers Agricultural Commodities | Yes | Yes as CFDs | Yes |
| Offers Forex Trading | Yes | Yes as CFDs | Yes |
| Number of Forex Pairs | 50 | 65 as CFDs | 61 |
| Offers Major Forex Pairs | Yes | Yes as CFDs | Yes |
| Offers Minor Forex Pairs | Yes | Yes as CFDs | Yes |
| Offers Exotic Forex Pairs | Yes | Yes as CFDs | Yes |
| Offers CFD Trading | Yes | Yes as CFDs | Yes |
| Offers Social Trading | Yes | No | Yes |
eToro Vs Plus500 Cryptocurrency Trading
Crypto currencies have been booming since the invention of Bitcoin and with good reason. Cryptocurrencies have turned double digit investments into millions. Extreme examples of course but this can be rarely said of any stock that exists.
Bitcoin is by far the most famous example of cryptocurrency but there are thousands of altcoins that are on the market that have the potential to rise in a similar fashion. Like stock markets, if Bitcoin rises, then altcoins follow suit.
Cryptocurrency can easily be labelled as a higher risk investment. This is because cryptocurrencies fluctuate often with extreme highs and extreme lows. If cryptocurrencies represent a fraction of your portfolio or you want to invest a small fraction of your trading budget to see what happens it could potentially be one of your most exciting trades ever depending on how the markets are. Please note that cryptocurrency availability with eToro, Plus500 and all brokers is subject to regulation.
We compare eToro vs Plus500 Crypto options below side by side.
| Broker |
eToro
|
Plus500
|
IC Markets
|
| Allows Cryptocurrency Trading (availability subject to regulation) | Yes | Yes through CFDs only. | Yes |
| Cryptocurrencies Offered | BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, EOS, NEO, XLM, IOTA, TRX, ZEC, BNB, XTZ | BCH, BTC, ETH, LTC, XRP, IOTA, NEO, EOS, XMR | BTC, BCH, ETH, LTC, DASH, XRP, EOS, EMC, NMC, PPC |
eToro Vs Plus500 Commission and Fees
knowing your trading and commission fees with eToro vs Plus500 is extremely important. For the majority of the eToro 5,000 financial instruments and Plus500 2,800 available financial instruments.
The price you are being presented with will factor in the fee the broker takes. For example, if a financial asset is at 79.6. You might have to pay 79 to enter. Therefore, you will start with a small loss with both eToro and Plus500. The bigger the fee, the bigger the issue this is. Most alarmingly though some financial assets occur a charge for you to hold on to the asset overnight or over the weekend. This is usually true with commodities and stocks that you are using leverage on. Please check what your fees are with eToro and Plus500 before you invest because it is crucial that you know exactly what you are paying.
You ideally want to choose a broker that does not charge to much for withdrawal fees. This is simply because this will eat into your profits. This is especially true if you have a low budget and do not intend to invest so much. You want the withdrawal fee to be less than one percent of what you are withdrawing but more ideally $5 to $10.
Please note that Plus500 traders can make up to five withdrawals per month of money for free - with no Plus500 charges at all. If you decide to make more Plus500 withdrawals on the Plus500 trading platform than that, then they will need to pay $10 each.
Your location or residence will have an impact on your potential eToro and Plus500 fees of course. Make sure you do your research and check the commission and fees with both eToro and Plus500 before you invest anything.
Some brokers will charge inactivity fees. As the name suggests this occurs when you have been inactive on your account for a certain period. Also with eToro or Plus500 be aware of or 3rd party payment provider fees and currency conversion fees.
Both eToro and Plus500 do charge inactivity fees.
You should receive plenty of notifications warning you about any potential deadlines and you can make a decision to act accordingly, continuing to use your account or closing it. Usually the fees are very small so there is no need to be alarmed especially when the problem is easily avoided.
When you deposit money to a broker like eToro or Plus500 you might need to pay deposit fees. The lower the better. Most preferably of course you would have to pay nothing for this. If this is the case it can be a big problem. Constant deposits will eat into your profit so this will take some considering before you sign up.
Let’s see how eToro vs Plus500 compare side by side for commissions and fees.
| Broker |
eToro
|
Plus500
|
IC Markets
|
| Min Deposit | 50 | 100 | 200 |
| Inactivity Fees | Yes | Yes | No |
| Withdrawal Fees | Yes | No | No |
| Deposit Fees | No | No | Varies |
eToro Vs Plus500 Trading Platforms
We live in an accessible world these days. Therefore, your trading platform has to consider this. Having the ability to trade with the click of a button is essential and allows you to make trading decisions on the eToro and Plus500 platforms when it is convenient to you. Without this, you will not have the opportunity to take advantage of every situation that may or may not occur in the financial markets.
Some brokers offer there own bespoke trading platforms, so if a particular broker does not offer the trading software you are looking for, their proprietary trading platform may be better. You will need to test this out yourself with an eToro or Plus500 demo account.
| Broker |
eToro
|
Plus500
|
IC Markets
|
| Offers MT4 | No | No | Yes |
| Offers MT5 | No | No | Yes |
| Offers cTrader | No | No | Yes |
eToro Vs Plus500 Mobile Trading
Being able to trade on your mobile can be very useful. Why is this? Well, the stock market sees market movement every second, if you are not near your desktop computer you will probably be near and have access to your phone. This way you will be able to take advantage of all the opportunities that present themselves. For example, a stock might move to an all-time low when you are out. In this instance you would have missed out on some profit.
If you have an iPhone you will need an IOS Apple mobile trading app. Thankfully these are very common and if a broker has an application, they are almost always available on an iPhone.
Similarly if your phone requires an android app it is good to check if the broker offers an app that supports Android devices.
If you use Microsoft Windows tablets or phones you will also need to check if the eToro and Plus500 have trading apps that are compatible.
| Broker |
eToro
|
Plus500
|
IC Markets
|
| Web Platform | Yes | Yes | Yes |
| IOS Trading App | Yes | Yes | Yes |
| Android Trading App | Yes | Yes | Yes |
| Microsoft Trading App | No | No | Yes |
eToro Vs Plus500 Trading Account Types Offered
eToro Vs Plus500 Demo Account
A demo account is an extremely useful account for people with no trading experience. This way you are risking none of your money and testing out your trading skills in a safe environment. For people who have next to no knowledge of trading, we recommend signing up with an eToro and Plus500 demo account fully.
eToro Vs Plus500 Micro Account
A micro account allows traders to place money on the Forex market. This is best for people who like to make risk averse trades and focuses mostly on foreign exchange currency. This is usually used by beginners.
eToro and Plus500 do not offer Micro accounts.
eToro Vs Plus500 Standard Account
A standard account is available to more experienced traders. This account allows users to trade on stocks, commodities, crypto etc. To open one of these retail investor accounts, users will have to trade with at least $100. This is the account the majority of people will seek to use.
Both eToro and Plus500 do offer clients Standard accounts.
eToro Vs Plus500 MAM Account
What is a MAM account? MAM stands for a Multi-Account Manager Account. This is very useful for serious traders who want to use one account to place all of their trades. It is a sophisticated software tool that allows a single trader to execute block trades on all accounts operating under a master account.
eToro and Plus500 do not offer clients MAM accounts.
eToro Vs Plus500 ECN Account
An ECN account stands for Electronic Communications Network. This is an account for pure order-matching execution. This is a very sophisticated piece of software and please only try this after much research. The account provider will charge a fee as their commission for executing each trade as an alternative to increasing the raw spread artificially as a revenue method.
eToro and Plus500 do not offer clients ECN accounts.
eToro Vs Plus500 STP Account
Straight Through Processing or STP is where a requested client's trade orders are sent directly to the markets. STP brokers aim to reduce all conflicts of interest. STP is a non-dealing desk trading method aimed mainly at Forex traders.
eToro and Plus500 do not offer clients STP accounts.
eToro Vs Plus500 Managed Account
A managed account is an investment that is owned by a single investor. However, the money-making decisions are in somebody else’s hands. These have become extremely popular in the last decade or so and with good reason. The money needed to invest in such accounts is usually larger as you must consider the fee for the finance professional. However, there are certain brokers that offer variations of managed accounts where you can pay as little as $200.
eToro and Plus500 do not offer clients Managed accounts.
| Broker |
eToro
|
Plus500
|
IC Markets
|
| Offers Demo Accounts | Yes | Yes | Yes |
| Offers Micro Accounts | No | No | No |
| Offers Standard Accounts | Yes | Yes | Yes |
| Offers MAM Accounts | No | No | Yes |
| Offers ECN Accounts | No | No | No |
| Offers Islamic Accounts | Yes | Yes | Yes |
| Offers STP Accounts | Yes | No | No |
| Offers Managed Accounts | No | No | No |
eToro Vs Plus500 Withdrawal and Funding Methods
eToro and Plus500 have multiple deposit and withdrawal options. Funding and withdrawing from your eToro and Plus500 account to your chosen payment method should be straightforward. Lets see how eToro and Plus500 compare with each other. Be aware that depending on the payment method you decide upon there may be additional processing fees from your payment provider or bank for processing and converting your funds. Not all potential fees will come from eToro or Plus500.
| Broker |
eToro
|
Plus500
|
IC Markets
|
| Payment Methods | Credit cards, VISA, MasterCard, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, Giropay, Electronic wallets (eWallets), | Credit cards, Debit Cards, VISA, MasterCard, Bank Transfer, Electronic wallets (eWallets), PayPal, Skrill, Apple Pay, Trustly, iDeal, BPay, Klarna, GiroPay, POLi, | Credit cards, Debit Cards, PayPal, Wire Transfer, Neteller, Neteller VIP, Skrill, UnionPay, Bpay, FasaPay, Broker to Broker, POLI, Thai Internet Banking, RapidPay, Klarna, Vietnamese Internet Banking, Online Digital Wallets, USDT (Tether), |
eToro Vs Plus500 Customer Support Compared
Customer support is essential when trading. Even professional traders will eventually need the help of eToro or Plus500 support. This is especially true of traders who are starting from a position of little knowledge. If you are starting out you will want to make sure the eToro and Plus500 support is always available when you need them. eToro and Plus500 customer support is not just useful. It is crucial to your trading success!
eToro Vs Plus500 Live Chat
Live chat is important for several reasons. This is because when you encounter a problem it is nice to know that the problem has the potential to be sorted out then and there. Also speaking to a person live is much less frustrating than speaking to someone over the course of several emails.
Both eToro and Plus500 offer livechat support.
eToro Vs Plus500 Email Support
When trading with either eToro or Plus500 you will find Email support is also very useful. Sometimes you might have a more complex question that requires a specific part of the eToro or Plus500 support team to give a satisfactory answer to. This is where email support with eToro and Plus500 will be needed.
Both eToro and Plus500 offer email support.
eToro Vs Plus500 Phone Support
Although most queries can be resolved with the need of a phone call, it is nice when we can actually explain ourselves with a live human being at either eToro or Plus500. We can get straight to the point and this can save us from a lot of time and frustration.
eToro do not offer phone support. On the other hand Plus500 do not offer phone support.
Lets see how eToro and Plus500 customer support compare side by side.
| Broker |
eToro
|
Plus500
|
IC Markets
|
| Offers Live Chat | Yes | Yes | Yes |
| Languages | English, German, Spanish, French, Italian | English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian and Chinese | English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more |
| Support Email | [email protected] | [email protected] | [email protected] |
| Phone | No | No | No |
eToro Vs Plus500 Regulation and Licensing
Never trade on a market that is not sufficiently regulated. This should go without saying when submitting your bank card information or investing money on any website. You need to make sure with certainty that your money is held with a regulated brokerage. Checking to see if eToro and Plus500 are regulated is not a hard task. The more reputable and mainstream brokers will proudly display their regulation certificates on their site and if you cannot see that eToro or Plus500 have these in place please be extremely cautious before you proceed with them.
We compare eToro Vs Plus500 financial regulation and licensing side by side below.
| Broker |
eToro
|
Plus500
|
IC Markets
|
| FCA Regulation | Yes | Yes | No |
| CySEC Regulation | Yes | Yes | Yes |
| MiFID Regulation | Yes | Yes | No |
| ASIC Regulation | Yes | Yes | Yes |
| FSCA Regulation | No | Yes | No |
| DFSA Regulation | No | No | No |
| MAS Regulation | No | Yes | No |
eToro Vs Plus500 Risk Management Features
When trading with either eToro or Plus500 you will want to understand and make full use of all the risk management features on your eToro or Plus500 trading platforms.
We compare side by side the trading risk management features offered by eToro and Plus500 below.
eToro Vs Plus500 Hedging
What is hedging? Have you ever heard of the expression ‘to hedge one’s bets’? This basically means to not speculate solely on the outcome of one event as it could be potentially risky holding all your assets in one place. Hedging in finance means being able to tactically trade in such a way as you are protecting yourself from huge risk. This can be done for example by speculating on a stock to rise and speculating against it to rise by using different amount or different amounts of leverage.
eToro and Plus500 do not offer clients hedging.
eToro Vs Plus500 Stop Loss
Stop loss orders are very useful for more volatile investments. Especially when you are speculating on a stock or Forex currency pair. In a normal trade you cannot lose more than what you invested but when you are using leverage this is not the case. Under these terms it is always good to set a stop loss so you can protect yourself from having any vicious results.
Both eToro and Plus500 do offer clients stop losses.
eToro Vs Plus500 Limit Orders
Every broker should give its users an opportunity to place a limit order. This is when you have an order in place to buy a financial instrument at a specific price. When the financial asset hits a set price your trade will be executed. This is extremely useful as it will give you the opportunity to buy a stock at a better price! It would be very time consuming to wait for a stock to fall to a price you would ultimately be satisfied by. Therefore, you can already imagine what help limit orders can be in your trading career.
Both eToro and Plus500 do offer clients limit orders.
eToro Vs Plus500 Negative Balance Protection
Negative balance protection is there to protect its customers. Customers do indeed need protecting as trading can be a volatile business and not everybody who invests knows the full consequences of their trade.
The way negative balance protection works is like this: Say you invest $50 but your trade has the potential to lose $125 because you have used leverage. To do this trade you will need $125 available in your account. This is great as it would be very unfortunate if you recieved an unexpected bill from a broker one day.
Both eToro and Plus500 do offer clients negative balance protection. 'negative balance' protection is a regulatory requirement with which Plus500 complies.
| Broker |
eToro
|
Plus500
|
IC Markets
|
| Offers Hedging | No | No | Yes |
| Negative Balance Protection | Yes | Yes | Yes |
| Guaranteed Stop Loss | No | Yes | No |
| Offers Limit Orders | Yes | Yes | Yes |
| Offers Trailing Stops | Yes | Yes | Yes |
eToro Vs Plus500 Verdict
We hope this eToro Vs Plus500 guide has helped you decide who is best to trade without of eToro and Plus500.
Firstly when you are looking to trade it is essential that you can guarantee that your money is held in a segregated bank account with eToro or Plus500. Therefore, please bear this in mind when you sign up with eToro or Plus500.
Also, before you sign up with online brokers like eToro or Plus500, make sure you know what you are doing. Simple advice we admit but we know from experience how many people decide to start trading and then ask questions later. To put it in the simplest terms possible before you invest any money into something please take note of exactly what you are doing.
Beware of the risks that come with trading. The financial markets can be volatile and investments can go down as well as up. Educate yourself, make full use of all eToro and Plus500 educational resources and financial research tools. If you are new to trading sign up for a demo account with eToro and Plus500 to find which suits you and your trading style.
Some of you might be thinking about what we mean when we say ‘trading style’. Here are a few examples. A day trader will look to open positions and close them on the same day. This will require a broker that specialises in this. To do this with some brokers would be a bad idea because of the commission and fees involved. Check if eToro and Plus500 fees match your trading requirements.
Alternatively, you could be on the extreme end of this scale and decide to wait years before you close your investments if your investment strategy is more long term.
eToro and Plus500 Alternatives
If eToro and Plus500 are not what you are not quite what you are looking for we list some of the best eToro and Plus500 alternatives below.
Other eToro and Plus500 Vs Comparisons
If you are still looking for an alternative to eToro and Plus500 and want to see how eToro or Plus500 compares Vs other brokers check out the eToro Vs and Plus500 Vs list below.
eToro Vs Alternatives
Still not happy have a look at some of our alternative eToro Vs side by side comparisons below
- eToro vs IC Markets
- eToro vs Roboforex
- eToro vs XM
- eToro vs Pepperstone
- eToro vs NordFX
- eToro vs XTB
- eToro vs AvaTrade
- eToro vs FP Markets
- eToro vs Trading 212
- eToro vs easyMarkets
Plus500 Vs Alternatives
Still not happy have a look at some of our alternative eToro Vs side by side comparisons below
- Plus500 vs IC Markets
- Plus500 vs Roboforex
- Plus500 vs eToro
- Plus500 vs XM
- Plus500 vs Pepperstone
- Plus500 vs NordFX
- Plus500 vs XTB
- Plus500 vs AvaTrade
- Plus500 vs FP Markets
- Plus500 vs Trading 212
eToro Vs Plus500 Frequently Asked Questions
We answer some of the most frequently asked eToro Vs Plus500 questions below.
Is eToro any Good?
Knowing that a broker is legit is the first thing you should check before signing up to a broker. Is eToro legit? – eToro are regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) and have been in business since 2007
Is Plus500 any Good?
Plus500 are regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) and have been in business since 2008.
Which is better eToro or Plus500?
Both eToro and Plus500 have an excellent reputation and to make a decision regarding which one is better is not an easy one. Take the time to examine the trading features that eToro and Plus500 offer. See which broker best suits your investment strategy.
Is eToro a con?
eToro is regulated by Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) and have been in business since 2007. eToro is most definitely not a con as they are regulated by major financial regulators.
Is Plus500 a con?
Plus500 is regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546, Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039), Plus500SG Pte Ltd (UEN 201422211Z) holds a capital markets services license from the Monetary Authority of Singapore (MAS) for dealing in capital markets products (License No. CMS100648-1), PLUS500AU (PTY) LTD is regulated by the FSCA (Financial Sector Conduct Authority), Plus500 adheres to MiFID rules, Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18), Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651) and have been in business since 2008. We recommend looking at a Plus500 alternative that has more financial regulation.
What happens if eToro or Plus500 go bust?
eToro and Plus500 are regulated which means that as part of their regulatory obligations eToro and Plus500 have to offer a certain level of financial protection to their clients. eToro and Plus500 should by law keep client funds separate from eToro and Plus500 funds. If either eToro or Plus500 goes bankrupt they should not have access to your money. Customers accounts should be segregated. A financial services compensation scheme differs from country to country so check this on the eToro and Plus500 websites and regulators.
Are eToro or Plus500 good for beginners?
Plus500 is not suitable for beginners unless you are trading with a Plus500 demo account. The Plus500 platform is suitable for experienced traders only. Though Plus500 is a very user-friendly platform, CFDs are “complex financial products”, thus the platform is not suitable for beginners/inexperienced traders. CFDs are complex financial instruments that carry risk, and are only suitable for more experienced traders.
eToro and Plus500 offer low deposits and access to a selection of market insights and news resources. Both eToro and Plus500 offer demo accounts. This is a big plus for eToro and Plus500 as it shows on they have an interest in their customers.
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