Introduction
Choosing between eToro and Plus500 requires a detailed analysis of fees, trading conditions, and platform features. Both brokers are highly regulated and cater to diverse trading styles, but their offerings differ significantly. This review compares their strengths, weaknesses, and key metrics to help you make an informed decision.
Key Metrics at a Glance
| Feature | eToro | Plus500 |
|---|---|---|
| TU Overall Score | 7.18/10 | 6.83/10 |
| Minimum Deposit | $50 | $100 |
| Max Leverage | 1:30 | Variable |
| Trading Assets | 1,000+ | 2,000+ |
👉 Explore eToro’s trading platform
👉 Discover Plus500’s advanced tools
Pros and Cons
eToro
Pros:
- Social and copy trading features.
- Highly regulated (FCA, CySEC, ASIC).
- Low minimum deposit ($50).
Cons:
- $5 withdrawal fee.
- No MetaTrader support.
Plus500
Pros:
- Wide range of CFDs (2,000+ instruments).
- Free alerts and advanced screeners.
- Tier-1 regulation (FCA, ASIC).
Cons:
- No passive income options (e.g., copy trading).
- Bans scalping and hedging.
Fees Comparison
| Fee Type | eToro | Plus500 |
|---|---|---|
| Spread (EUR/USD) | 0.3–1.1 pips | 0.5–0.9 pips |
| Withdrawal Fee | $5 flat | None |
| Inactivity Fee | $10/month | $10/month |
Trading Conditions
| Criteria | eToro | Plus500 |
|---|---|---|
| Platforms | Web, Mobile | WebTrader |
| Asset Coverage | Stocks, Crypto, Forex | CFDs only |
| Account Types | Standard, Demo | Real, Demo |
Investment Programs
- eToro: Offers copy trading (min. $1 to start).
- Plus500: No copy trading or managed accounts.
Safety and Regulation
Both brokers are Tier-1 regulated:
- eToro: FCA, CySEC, ASIC.
- Plus500: FCA, ASIC, MAS.
Investor Protection:
- eToro: £85,000 (UK), €20,000 (EU).
- Plus500: €20,000 (EU), £85,000 (UK).
FAQ Section
1. Which broker is better for beginners?
eToro’s copy trading and $50 minimum deposit make it ideal for novices.
2. Does Plus500 support MetaTrader?
No, Plus500 uses its proprietary WebTrader platform.
3. Are there inactivity fees?
Both charge $10/month after prolonged inactivity.
4. Can I trade cryptocurrencies?
Yes, both offer crypto trading (CFDs on Plus500).
5. Which has lower spreads?
eToro generally offers tighter spreads (from 0.3 pips).
6. Is customer support responsive?
Plus500 provides 24/7 live chat; eToro uses ticketing.
Final Verdict
- Choose eToro if you prefer social trading and a low entry barrier.
- Opt for Plus500 for diverse CFDs and advanced tools.
👉 Start trading on eToro today
👉 Try Plus500’s WebTrader
Disclaimer: Trading involves risk. Past performance is not indicative of future results.