eToro vs Plus500: 2023 Comparison
Plus500 is considered low-risk, with an overall trust score of 98 out of 99. Neither broker maintains a proper trading platform, as both proprietary solutions are below standard. While essential features are absent at both, eToro offers a better choice due to ongoing additions of features. The EUR/USD carries a spread of 0.6 pips versus an unacceptable 3.0 pips at eToro.
The Plus500 platform is available on desktop, web and mobile . Both Plus500 and CMC Markets use margin rate rather than leverage. The margin rate is the minimum deposit you will require to open and maintain your trading position. etoro vs plus500 From this margin, one can determine how much leverage the broker will lend you, yet this varies between asset class and the subsidiary’s local regulator. My aim is to help you increase your trading knowledge with helpful content.
To help give you an edge on other traders, Plus500 has two primary tools - an economic calendar and real-time alerts. The economic calendar lists upcoming market data reports for various countries and what the expected impact is for related markets. The interface includes everything you would expect on a CFD trading platform. Outside of standard buy and sell orders, you can set Guaranteed and Trailing Stops as well as Close at Profit and Close at Loss orders. Most of the advanced trading options are free of charge except for the Guaranteed Stop, which comes with an additional spread. All in all, Plus500 has a reputation for being a safe, ever-improving CFD platform, and will make a good home for traders who like its powerful, accessible trading software and low fees.
Sarah has been a big fan of the revolutionary potential of crypto currencies for years and accordingly also concentrated on the areas of IT security and cryptography in her studies. Citizens of the United Kingdom can open an account at eToro Limited and be protected by theFCA. If eToro runs into trouble and becomes insolvent,eToro UK clients can expect to be compensated by the maximum amount of £85,000guaranteed by the Financial Services Compensation Scheme . In addition to this eToro charges a flat $5 payout fee while deposits are free. 2FA requires you to verify your email address, phone number, or Google Authentication app when you log in from a new device. This means that even if your password is compromised, malicious parties will require either your phone or email address to log in.
Clients of eToro and Plus500 have the opportunity to test out the platform and see the user interface via the practice account. The good news is that both brokerages offer them for free and with no expiry times. It supports more payment methods and offers more tradable assets. All of the information and materials available on PublicFinanceInternational.org is not financial advice and is for general informational purposes only. Nor PublicFinanceInternational or any of our affiliates makes any recommendation or implies any action based on the information we proved to you. We don’t make any solicitation or recommendation to take any action or trade or invest in any financial instrument, asset, or commodity.
EToro has offices in the UK, US, EU, and Australia, meaning that you can access their services from most countries throughout the world. Plus500’s offices are in the UK, Cyprus, Seychelles, Singapore, and Australia. EToro allows withdrawals via credit/debit card, bank transfer, and PayPal.
While not a discount broker, eToro delivers more benefits than its competitors in the same price range. 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. The most notable tool in Plus500’s offer is the WebTrader platform. The browser-based software is powerful and surprisingly easy to navigate, and its mobile version is just as good.
Email, text, and push notifications are all supported by this online broker. For example, you could trade the UK 100 futures CFD, which is a capitalisation-weighted index of the top 100 largest stocks listed on the London Stock Exchange. The spread for the UK 100 futures CFD is set at 2 pips or 0.03%. Plus500 review 2023, we cover all the key metrics from fees to regulations to help you decide which broker is best for your trading needs. To support their clients, Plus500 enables trading with Plus500 Windows Trader, Plus500 WebTrader.
Both eToro and Plus500 are easy to navigate, with user-friendly interfaces. Not only are their websites well designed, but their corresponding mobile apps also prove to be smooth and intuitive. However, as a beginner trader, eToro is a great option as you are offered a wealth of educational resources to help you get started. Conversely, Plus500 is an online broker for buying and selling stocks, commodities, indices, and currencies.
You'll get access to all the features of the account so you’ll be more confident when you start trading with real money. If you’re looking for a wider range of options, eToro may be a better choice. Social trading and the ability to physically buy shares and cryptos without commissions are major benefits. EToro and Plus500 fees are similar and mainly built into a spread basis, there is no commission based accounts. Both brokers offer various trading signals and alerts to help users make informed trading decisions. EToro's social sentiment feature shows the percentage of traders who are buying or selling a particular asset.