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eToro vs Plus500 2023

BrokerNotes.co

Written by BrokerNotes.co

March 14, 2023

Trying to decide between eToro 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, eToro 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 RatingeToroPlus500
Overall Rating 8.8 / 10 8.5 / 10
Account TypeeToroPlus500
Standard Trade Size (100,000 units) Yes Yes
Mini Trade Size (10,000 units) Yes Yes
Micro Trade Size (1,000 units) Yes Yes
Islamic Account No No
Copy TradingeToroPlus500
Social Trading / Copy Trading Yes No
DupliTrade No No
ZuluTrade No No
CryptocurrencyeToroPlus500
Cryptocurrency (Physical) Yes No
Cryptocurrency (CFD) Yes Yes
Bitcoin Yes Yes
ethereum Yes Yes
Forex Trading (Spot or CFDs)eToroPlus500
Forex Trading (Spot or CFDs) Yes Yes
Mobile Trading - Forex or CFDs Yes Yes
Indices (Index CFDs)eToroPlus500
DAX Yes Yes
Dow Jones Yes Yes
FTSE Yes Yes
NASDAQ 100 Yes Yes
Nikkei Yes Yes
SP 500 Yes Yes
InvestmentseToroPlus500
Forex Trading (Spot or CFDs) Yes Yes
Spread Betting No No
Social Trading / Copy Trading Yes No
Metals Yes Yes
Energies Yes Yes
Agriculturals Yes No
ETF Yes Yes
U.S. Stocks (CFD) Yes Yes
Trading PlatformseToroPlus500
Apple iOS App Yes Yes
Android App Yes Yes
Proprietary Platform Yes Yes
Desktop Platform (Windows) No No
Web Platform Yes Yes
MetaTrader 4 (MT4) No No
MetaTrader 5 (MT5) No No
Regulatory LicenseseToroPlus500
Tier-1 Licenses 2 4
Australia (ASIC Authorised) Yes Yes
Canada (SRO Authorised) No No
United Kingdom (U.K.) (FCA Authorised) Yes Yes
Hong Kong (SFC Authorised) No No
Singapore (MAS Authorised) No Yes
Switzerland (FINMA Authorised) No No
USA (CFTC Authorized) No No
Tier-2 Licenses 1 4
Tier-3 Licenses 0 0
Research, EducationeToroPlus500
Trading Central (Recognia) Yes Yes
Forex News (Top-Tier Sources) No No
Daily Market Commentary Yes Yes
Autochartist No No
Investor Dictionary (Glossary) Yes No
Videos - Beginner Trading Videos Yes Yes
Client Webinars (Archived) Yes Yes
Trading CostseToroPlus500
Minimum Deposit $10-$10,000 €100
Average Spread EUR/USD - Standard 1 info 0.8
All-in Cost EUR/USD - Active N/A N/A
Active Trader or VIP Discounts Yes No
Bank Wire (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
PayPal (Deposit/Withdraw) Yes Yes
Trading ToolseToroPlus500
Watchlists - Total Fields 6 9
Mobile Watchlist Yes Yes
Charting - Indicators / Studies (Total) 66 110
Mobile Charting - Indicators / Studies 5 110
Trust FactorseToroPlus500
Year Founded 2007 2008
Publicly Traded (Listed) No Yes
Bank No No
European Union Authorised (MiFID) Yes info Yes info
Trust Score 93 98
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eToro 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 eToro vs Plus500.

Can I trust eToro?

eToro 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 eToro a good broker?

Best known for its versatile social copy trading platform suite for web and mobile, eToro also offers a large selection of cryptocurrency products, as well as CFDs, shares, forex pairs, and a wide range of powerful trading tools. While not a discount broker, eToro delivers more benefits than its competitors in the same price range.

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. eToro is Australia (ASIC Authorised) and United Kingdom (U.K.) (FCA 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 Canada (SRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), 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, eToro is Cyprus (CySEC Authorised), while Plus500 is 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 unfortunately, neither eToro nor Plus500 are Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised), Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).. Neither have Vanuatu (VFSC Authorised).

Which broker offers more trading platforms?

Both eToro and Plus500 offer a Proprietary Platform.. Neither have Desktop Platform (Windows), cTrader, DupliTrade and ZuluTrade

Does eToro offer MetaTrader? Does Plus500 offer MetaTrader?

Neither eToro or Plus500 offer MT4 or MT5. If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.. Neither have MetaTrader 4 (MT4) and MetaTrader 5 (MT5)

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

eToro requires a minimum deposit of $10-$10,000, while Plus500 requires a minimum deposit of €100. From our testing we found eToro offers spreads of 1, while Plus500 offers spreads of 0.8. eToro 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, eToro or Plus500?

eToro offers a more diverse selection of investment options than Plus500 allowing you to trade Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD).. Neither have Spread Betting Looking at total tradeable symbols, eToro has 3458, compared to 2800 from Plus500.

Can I trade cryptocurrency with eToro 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 eToro nor Plus500 allow you to trade physical cryptocurrencies.

Who offers more research tools, eToro or Plus500?

In terms of research and research tools eToro gives traders the following tools: Daily Market Commentary, Stock Charts, 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 and Forex News (Top-Tier Sources)

Broker Reviews

Still looking for more information, read our broker reviews.

eToro Review

Plus500 Review

Overall winner: eToro

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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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