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AvaTrade vs Plus500 2024

BrokerNotes.co

Written by BrokerNotes.co

August 24, 2023

Trying to decide between AvaTrade and Plus500? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, AvaTrade ranks more highly than Plus500.

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Compare

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Overall Rating AvaTrade Plus500
Overall Rating star 8.7 /10 star 8.6 /10
Offering of Investments star 7.5 /10 star 8.0 /10
Commissions & Fees star 9.0 /10 star 9.0 /10
Platform & Tools star 8.5 /10 star 8.5 /10
Research star 7.5 /10 star 8.0 /10
Mobile Trading star 8.5 /10 star 8.5 /10
Education star 10 /10 star 7.0 /10
Account Type AvaTrade Plus500
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info Yes No
Deposit/Withdrawal Options AvaTrade Plus500
Minimum Deposit info $100 €100
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Copy Trading AvaTrade Plus500
Social Trading / Copy Trading info Yes No
DupliTrade info Yes No
ZuluTrade info Yes No
Cryptocurrency AvaTrade Plus500
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes info
Bitcoin info Yes Yes
Ethereum info Yes Yes
Forex Trading (Spot or CFDs) AvaTrade Plus500
Forex Trading (Spot or CFDs) info Yes Yes info
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) AvaTrade Plus500
DAX info Yes Yes
Dow Jones info Yes Yes
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes Yes
SP 500 info Yes Yes
Investments AvaTrade Plus500
Forex Trading (Spot or CFDs) info Yes Yes info
Spread Betting info Yes No
Social Trading / Copy Trading info Yes No
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info Yes Yes
ETF info No Yes info
U.S. Stocks (CFD) info Yes Yes
Trading Platforms AvaTrade Plus500
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
Regulatory Licenses AvaTrade Plus500
Tier-1 Licenses info 4 6
Australia (ASIC Authorised) info Yes Yes
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info Yes Yes
Singapore (MAS Authorised) info No Yes
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info No Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No Yes
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses info 3 3
Tier-3 Licenses info 0 0
Research, Education AvaTrade Plus500
Trading Central (Recognia) info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Daily Market Commentary info Yes Yes
Autochartist info No No
Investor Dictionary (Glossary) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Client Webinars (Archived) info Yes Yes info
Trading Costs AvaTrade Plus500
Minimum Deposit info $100 €100
Average Spread EUR/USD - Standard info 0.92 info 1.5 info
All-in Cost EUR/USD - Active info 0.61 info 1.5 info
Active Trader or VIP Discounts info Yes No
Trading Tools AvaTrade Plus500
Watchlists - Total Fields info 7 10
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 80 114
Mobile Charting - Indicators / Studies info 73 110
Trust Factors AvaTrade Plus500
Year Founded info 2006 2008
Publicly Traded (Listed) info No Yes
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Trust Score info 94 99
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AvaTrade vs Plus500 Comparison

Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between AvaTrade and Plus500? Our independent database powered by our unbiased research will help you compare AvaTrade vs Plus500 side-by-side.

What is Trust Score?

Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.

Can I trust AvaTrade?

AvaTrade has a Trust Score of 94, giving it a "Highly Trusted" Trust Score Label.

Can I trust Plus500?

Plus500 has a Trust Score of 99, giving it a "Highly Trusted" Trust Score Label.

Is AvaTrade a good broker?

AvaTrade is a well-rounded, highly trusted broker that offers excellent educational resources for beginner forex traders and great tools for social copy trading. AvaTrade's commissions and market research are close to the industry average, and traders gain access to AvaTrade's proprietary platforms as well as third-party favorites like MetaTrader 4 and MetaTrader 5.

Is Plus500 a good broker?

Plus500 is a highly-trusted broker that holds six Tier-1 regulatory licenses from reputable jurisdictions around the globe and has a Trust Score rating of 99. Traders at Plus500 gain access to share trading via the Plus500 Invest platform, and CFD traders will find good selection of CFDs available via the broker’s separate Plus500 CFD platform. Though Plus500 does not provide access to the popular MetaTrader suite, we found its proprietary trading platform to be intuitive. While its educational content and range of research trails category leaders, Plus500 is still a great choice for less demanding traders.

What Tier-1 jurisdictions is each broker regulated in?

Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. AvaTrade holds regulatory licenses in the following Tier-1 jurisdictions: Australia (ASIC Authorised), Canada (CIRO Authorised), CBI Authorised (Ireland) and Japan (SFC Authorised). Plus500, on the other hand, is licensed in these Tier-1 regulatory jurisdictions: Australia (ASIC Authorised), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised) and United Kingdom (U.K.) (FCA Authorised). Neither have Hong Kong (SFC Authorised), Switzerland (FINMA Authorised) and USA (CFTC Authorized)

What Tier-2 jurisdictions is each broker regulated in? What about Tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, both AvaTrade and Plus500 are Cyprus (CySEC Authorised), Israel (ISA Authorised), South Africa (FSCA Authorised) and UAE (DFSA/Central Bank Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Russia (CBR Authorised) and Thailand (SEC Authorised). When comparing tier-3 licenses AvaTrade is British Virgin Islands (FSC Authorised), while Plus500 is none.. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), Cayman Islands (CIMA Authorised), Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).

Which broker offers more trading platforms?

Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that AvaTrade offers a Proprietary Platform, Desktop Platform (Windows), DupliTrade and ZuluTrade, whereas Plus500 supports a Proprietary Platform. Neither have cTrader

Does AvaTrade offer MetaTrader? Does Plus500 offer MetaTrader?

For MetaTrader AvaTrade provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while Plus500 provides neither of these. If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

How do AvaTrade and Plus500 differ in terms of minimum deposit? What about average spreads and funding options?

AvaTrade requires a minimum deposit of $100, while Plus500 requires a minimum deposit of €100. You'll also want to make sure that your broker accepts the funding options and deposit methods that work best for you. In our testing, we've found that both AvaTrade and Plus500 offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for deposits

Which broker offers more tradeable asset classes, AvaTrade or Plus500?

When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that AvaTrade delivers a more diverse selection of investment options than Plus500, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Spread Betting, Social Trading / Copy Trading, Metals, Energies, Agriculturals and U.S. Stocks (CFD).

We also keep track of each broker’s total number of tradeable symbols; AvaTrade offers 1260, and Plus500 offers a total of 5500 tradeable symbols.

Can I trade cryptocurrency with AvaTrade or Plus500?

Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that neither AvaTrade nor Plus500 allow you to trade physical cryptocurrencies.

Who offers more research tools, AvaTrade or Plus500?

Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. AvaTrade delivers the following research tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading. Plus500, on the other hand, provides the tools listed here: Daily Market Commentary, Stock Charts and Trading Central (Recognia). Neither have Autochartist

Broker Reviews

Still looking for more information, read our broker reviews.

AvaTrade Review

Plus500 Review

Overall winner: AvaTrade

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.


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