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AvaTrade vs Plus500 2023

BrokerNotes.co

Written by BrokerNotes.co

March 14, 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.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% of retail investor accounts lose money when trading CFDs. 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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Compare

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Overall Rating AvaTrade Plus500
Overall Rating 8.6 / 10 8.5 / 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
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 (CFD) Yes Yes
Bitcoin info Yes Yes
ethereum info Yes Yes
Forex Trading (Spot or CFDs) AvaTrade Plus500
Forex Trading (Spot or CFDs) info Yes Yes
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
Spread Betting info Yes No
Social Trading / Copy Trading info Yes No
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info Yes No
ETF info No Yes
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 4
Australia (ASIC Authorised) info Yes Yes
Canada (SRO Authorised) info Yes No
United Kingdom (U.K.) (FCA Authorised) info No Yes
Hong Kong (SFC Authorised) info No No
Singapore (MAS Authorised) info No Yes
Switzerland (FINMA Authorised) info No No
USA (CFTC Authorized) info No No
Tier-2 Licenses info 4 4
Tier-3 Licenses info 1 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
Trading Costs AvaTrade Plus500
Minimum Deposit info $100 €100
Average Spread EUR/USD - Standard info 0.92 info 0.8
All-in Cost EUR/USD - Active info 0.61 info N/A
Active Trader or VIP Discounts info Yes No
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info Yes Yes
Trading Tools AvaTrade Plus500
Watchlists - Total Fields info 7 9
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 80 110
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
European Union Authorised (MiFID) info Yes info Yes info
Trust Score info 93 98
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AvaTrade vs Plus500 Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare AvaTrade vs Plus500.

Can I trust AvaTrade?

AvaTrade has a trust score of 93, giving it a "Highly Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are – in most cases – operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a “Do Not Trust” rating.

Can I trust Plus500?

Plus500 has a trust score of 98, giving it a "Highly Trusted" trust label.

Is AvaTrade a good broker?

AvaTrade is a well-rounded, trusted broker that offers excellent educational resources and great social copy trading tools. 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.

Is Plus500 a good broker?

Plus500 is a highly-trusted broker offering a wide range of CFDs from within its user-friendly trading platforms. 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 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. AvaTrade is Australia (ASIC Authorised), Canada (SRO Authorised), CBI Authorised (Ireland) and Japan (SFC Authorised), while Plus500 is 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?

For trading platforms AvaTrade supports 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. From our testing we found AvaTrade offers spreads of 0.92, while Plus500 offers spreads of 0.8. AvaTrade supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for popular funding options, where Plus500 supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and PayPal (Deposit/Withdraw).

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

AvaTrade offers a more diverse selection of investment options than Plus500 allowing you to trade Forex Trading (Spot or CFDs), Spread Betting, Social Trading / Copy Trading, Metals, Energies, Agriculturals and U.S. Stocks (CFD). Looking at total tradeable symbols, AvaTrade has 1260, compared to 2800 from Plus500.

Can I trade cryptocurrency with AvaTrade or Plus500?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative — including spot forex contracts. In terms of trading physical cryptocurrency neither AvaTrade nor Plus500 allow you to trade physical cryptocurrencies.

Who offers more research tools, AvaTrade or Plus500?

In terms of research and research tools AvaTrade gives traders the following tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading. In comparison Plus500 has 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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