eToro vs Plus500 Comparison
Compare trading conditions, commissions and platforms of Forex brokers eToro and Plus500. Find out which broker is best for you.
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - eToro or Plus500?
Key differences between the brokers
Below, we show only the differences in trading conditions covered in our reviews. These may include the minimum deposit, available markets, platforms and account types. Compare these details with your requirements.
eToro
- Minimum deposit · USD
- 200 USD
- Different platforms
- eToro
- Different markets
- Cryptocurrency
Plus500
- Minimum deposit · USD
- 100 USD
- Different platforms
- WebTrader
- Different markets
- None listed
Comparison Table of eToro and Plus500
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| Broker | eToro | Plus500 |
|---|---|---|
| Foundation Year | 2006 | 2008 |
| Regulated in Countries | Seychelles, United Kingdom, Cyprus, Australia, United States | Cyprus, United Kingdom, Australia, Seychelles, Estonia, Singapore, United States |
| Minimum Deposit |
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| Spread | from 1 points | from 0.6 points |
| Max Leverage | 1:30 | 1:30 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review |
eToro Review
eToro stands out from other brokers due to its unique combination of trading services and social features, making it particularly attractive to traders interested in innovative approaches to investing. Narrow spreads and the ability to buy securities in fractions simplify access to different assets, while the social network allows users to share strategies and copy trades of successful traders, which is a big plus for beginners and those looking for new investment ideas. The simple and intuitive interface makes the platform accessible even for those who are just starting their trading journey.
eToro is best suited for beginner traders who are looking to capitalize on the social aspects of trading and do not require complex individual trading account settings. The platform is also ideal for those looking for an active community to share ideas and strategies.
Pros and Cons of eToro
Pros
- A social network for traders.
- Good selection of trading instruments.
- Fractional shares purchasing.
- Narrow spreads.
Cons
- Only one trading account is available.
- eToro has its own trading platform, but there is no alternative to it.
- Poor customer support performance.
- Delays and hidden fees during fund withdrawal.
eToro is in the top 10 of the following ratings:
Plus500 Review
Plus500 is ideal for traders seeking a convenient and intuitive platform with a broad spectrum of trading instruments. It's particularly well-suited for those who value a diverse range of CFDs on stocks, indices, currencies, commodities, and ETFs. The built-in Insight+ analytics tool is a significant advantage for those keen on analyzing trends and activities based on real-time data.
Pros and Cons of Plus500
Pros
- Intuitive CFD trading platform.
- 24/7 support.
- Built-in analytics.
- Diversity of trading assets.
Cons
- Limited channels for communication with technical support.
- Limited choice of trading accounts.
Plus500 is in the top 10 of the following ratings:
Reliability
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| Broker | eToro | Plus500 |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2006 | 2008 |
| Regulated in Countries | Seychelles, United Kingdom, Cyprus, Australia, United States | Cyprus, United Kingdom, Australia, Seychelles, Estonia, Singapore, United States |
| Regulators |
eToro
eToro is regulated in several countries.
Pros
- Regulated by CySEC, FCA, ASIC and SEC.
- Global presence and access to a variety of markets.
- Licences for different activities, including cryptocurrency services in the US.
Plus500
Plus500 is registered and regulated in several jurisdictions by authoritative bodies. This means that the broker is required to adhere to strict financial standards and provide regular reports on its activities to regulators.
Account Opening
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| Broker | eToro | Plus500 |
|---|---|---|
| Account Opening | 4/5 | 5/5 |
| Minimum Deposit |
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eToro
Opening an eToro account is a straightforward process.
Pros
- Quick registration through Google.
- A clear verification process.
Cons
- A high minimum deposit in some countries.
- Verification may take up to three days.
Plus500
Opening an account with Plus500 is straightforward due to its fast registration and low minimum deposit. Beginners should use the demo account and Trading Academy to learn before real trading.
Account Types
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| Broker | eToro | Plus500 |
|---|---|---|
| Account Types | 2.8/5 | 2/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 1 points | from 0.6 points |
| Max Leverage | 1:30 | 1:30 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | Yes | Yes |
| Swap-free Account | Yes | No |
eToro
eToro offers a basic range of account types that can meet many traders’ needs, though it may not cover more specialised requirements.
Pros
- A demo account for practice.
- An Islamic account designed to comply with Sharia principles.
- Copy trading.
Cons
- No fixed-spread accounts.
- No cent accounts.
- No ECN or STP accounts for direct access to the interbank market.
Plus500
The lack of account diversity and market execution of orders at Plus500 significantly limits flexibility and opportunities for traders of various categories.
Commissions
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| Broker | eToro | Plus500 |
|---|---|---|
| Commissions | 3.5/5 | 3.5/5 |
| Spread | from 1 points | from 0.6 points |
| Average Spread (EURUSD) | — | 1.2 |
| Commission | No data | No data |
eToro
eToro offers competitive trading conditions, but traders should also consider non-trading fees.
Pros
- Tight spreads.
Cons
- A monthly inactivity fee.
- Withdrawal fees apply.
- Less favourable conditions than some other brokers and cryptocurrency exchanges.
Plus500
Plus500 offers clients market average trading commissions.
Pros
- No commission for deposit or withdrawal.
Cons
- Inactivity account fee.
Deposit and Withdrawal
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| Broker | eToro | Plus500 |
|---|---|---|
| Rating | 3.5/5 | 5/5 |
| Account Funding Methods |
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eToro
eToro offers a variety of deposit and withdrawal methods, with fees for some transactions and currency conversions.
Pros
- A wide range of deposit and withdrawal methods.
- No deposit fees for many payment methods.
Cons
- A USD 5 withdrawal fee.
- Additional currency conversion costs.
Plus500
Plus500 offers convenient and diverse methods for depositing and withdrawing funds, but processing requests may take up to 3 business days.
Pros
- Wide selection of payment systems.
- No commission for depositing and withdrawing.
Markets and Products
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| Broker | eToro | Plus500 |
|---|---|---|
| Markets and Products | 4.5/5 | 5/5 |
| Forex | 47 | 65 |
| Precious Metals | 7 | 5 |
| Energy Carriers | 2 | 7 |
| Soft Commodities | 4 | 10 |
| Indices | 13 | 36 |
| Stocks | 2500 | 1550 |
| ETF | 250 | 96 |
| Cryptocurrency | 112 | - |
eToro
eToro provides access to a wide range of financial instruments, including stocks, ETFs, forex, CFDs and cryptocurrencies, but some transactions lack full transparency.
Plus500
Plus500 offers a deep diversity of products and markets, including CFDs on currencies, indices, commodities, stocks, and ETFs from various countries worldwide.
Trading Platforms
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| Broker | eToro | Plus500 |
|---|---|---|
| Rating | 3.5/5 | 4.2/5 |
| Trading Platforms |
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eToro
eToro’s platforms offer a user-friendly interface and basic trading features, but their analytical tools have limitations.
Pros
- Available as a web platform and mobile app.
- Integrated account management and trading features.
- Copy trading.
Cons
- A limited selection of indicators.
- Possible price discrepancies.
- No alternative trading platforms.
Plus500
Plus500 offers an efficient, user-friendly platform, however, there is no choice between platforms.
Pros
- Proprietary platform
- Available on mobile devices.
Cons
- No choice between platforms.
Analytics
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| Broker | eToro | Plus500 |
|---|---|---|
| Rating | 4/5 | 5/5 |
eToro
The broker offers accessible technical analysis tools and trading ideas.
Pros
- Interactive charts.
- Trading ideas.
Cons
- A low-quality news feed.
- Limited analyst recommendations.
Plus500
Plus500 offers good analytical tools and useful services.
Pros
- Insights+
- ESG scoring
- Convenient risk management tools
Education
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| Broker | eToro | Plus500 |
|---|---|---|
| Rating | 4.8/5 | 5/5 |
eToro
eToro offers a broad range of educational materials, mostly in English.
Pros
- A wide range of educational materials.
- Daily market reviews.
- A detailed guide to the fintech industry.
Cons
- Most materials are available only in English.
Plus500
Plus500 offers its users quality training through webinars, interactive materials and e-books. This allows traders to gain comprehensive knowledge for a successful start and effective trading.
Pros
- Quality and detailed video lessons
- Free webinars from independent experts
- Interactive guides and e-books
Customer Support
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| Broker | eToro | Plus500 |
|---|---|---|
| Rating | 2/5 | 3.7/5 |
| Email Support | ||
| Hotline Phones | — | |
| Social Media |
eToro
eToro offers several support channels. However, user reviews report slow responses and ineffective assistance.
Plus500
The Plus500 customer support is limited and not ideal, although it provides support in multiple languages 24/7.
Pros
- Support in many languages.
- Operates around the clock.
Cons
- Lack of direct communication channels (e.g., telephone).
- Potential delays in responses due to limited communication channels.
Comparisons of eToro and Plus500 with other brokers
Conclusion
When choosing between Plus500 and eToro, match their platforms, markets, account types and funding terms to your needs.
Before opening an account, verify fees, regulation, support and service availability for your country in the sections above.
FAQ
Which broker is better: eToro or Plus500?
Plus500 ranks higher than eToro in our editorial ranking. That does not make it a universal choice: compare fees, markets, platforms, account types and support.
Which broker is better for beginners: eToro or Plus500?
Beginners should compare availability in their country, account types, minimum deposit, trading platforms and customer support.
Who has lower typical trading costs (spreads/commissions) — eToro or Plus500?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with eToro and Plus500?
eToro: eToro. Plus500: WebTrader. See the “Platforms” section for details and selection tips.
What markets can you trade with eToro and Plus500?
eToro: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Cryptocurrency. Plus500: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF. Full lists and differences are in the “Markets” section.
What account types are offered by eToro and Plus500?
eToro: —. Plus500: Plus500. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by eToro and Plus500?
eToro: PayPal, Neteller, Skrill, Klarna, Rapid Transfer, Sofort, Swift, Visa, Mastercard, Trustly, POLi. Plus500: PayPal, Skrill, Bank Transfer, Visa, Mastercard. Check method-specific fees/settlement times.
Which broker is safer — eToro or Plus500 — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
