eToro vs Plus500 – Which Is The Best Platform For You

eToro vs Plus500

eToro is one of the biggest brokerage platforms with a commission-free trading app and access to more than 2,000 different assets, cryptocurrencies, currencies, ETFs, commodities, and other financial assets. eToro is one of the best and top-used brokerage platforms for investing and trading opportunities in the US market.

Plus500 is a brokerage platform based in Israel that allows users to trade forex, CFDs, individual shares, indices, commodities, options, ETFs, and cryptocurrencies much like eToro offers a wide range of financial assets and derivatives. 
Feature Comparison

eToro and Plus500 are rather similar when it comes to trading options as both platforms offer a wide variety of financial assets to trade, buy and sell.  

Features are important and can create favorable conditions for developing winning strategies, especially for traders and investors who are just beginning to grasp the intricacies of financial markets.

Our three picks that you should try:

RobinHood – Get a free stock worth up to $200 

Coinbase – Earn up to $167 worth of Crypto while learning about Crypto

BlockFi – Get up to a $250 bonus in Bitcoin with a deposit

Which one of the platforms has better features, eToro or Plus500?

Feature comparision

eToroPlus500
Copy TraderEconomic Calendar
Social TradingRisk Management
eToro News FeedTrading Alerts
Popular Investor ProgramTrader’s Guide
eToro InsightsNews and Market Insights

eToro

What is eToro Copy Trader?

eToro has Copy Trader, which is one of the platform’s most praised features. Copy Trader is a powerful addition to the platform available with eToro Open Book, which is a relatively new update.

Open Book provides access to new markets with relevant and crucial data points and market data that traders can use to create effective investment strategies. eToro users can discover, invest in, and discuss new market opportunities, and trade with currencies, commodities, indices, stocks, and more.

eToro users can use Copy Trader to see what real-life people are investing in. The view of trades is available in real-time so users can copy other investors’ trades if deemed potentially successful.

This feature can help traders create more efficient strategies for maximized ROI. This feature is user-friendly and suitable for beginners as you can copy anyone’s trade with a single click.

What is eToro Social Trading?

Social Trading is another one of eToro’s popular features as this brokerage platform represents one of the largest social trading communities in the world. eToro Social Trading allows traders and investors to exchange insights, opinions, and discuss market data.

The community counts over 15 million users and can help you get a grasp of financial markets and important data like sentiment analysis, for example.

What is eToro News Feed?

eToro News Feed acts like a social network for traders and investors, and this is the feature that allows users to connect with their favorite traders. You can use eToro News Feed to follow up with significant events and connect with other members.

If you are a low-risk trader, based on your trading history on eToro, you can qualify for the Popular Investor Program. In case you join the program, eToro lets you collect 2% of Assets Under Management while building your own business in investments. Users are eligible for 2% AUM whenever their trade is copied.

What is eToro Insight feature? 

eToro keeps the platform users informed through eToro Insights. This feature uses alerts and frequent posting of informative blogs to keep the community updated.   

Check out more features: eToro

Plus500

What is Plus500 Economic Calendar?

The Economic Calendar feature on Plus500 helps users follow up with important corporate events for different timeframes that users can choose by themselves.

Important events can influence the price of financial assets through sentiment, which is how traders can use sentiment analysis and plan their trading and investment strategies. The calendar shows the level of economic impact, affected financial assets, and forecasts.

Risk Management

Plus500 also offers risk management tools as one of the platform’s top features. Every investment involves a level of risk, which is why Plus500 offers solutions such as risk management tools.

You can use Stop Limit and Stop Loss to close at profit or a loss, along with guaranteed stop and trailing stop. By automatically limiting your losses with fixed prices for buy and sell action, you are mitigating the risks involved in your trades.

Trading Alerts

The trading alerts feature allows users to set up notifications for assets of their interest based on prices, percentage changes on a daily and hourly basis, and trading sentiment in percentage.

Trading sentiment will compare the percentage of buyers and sellers to indicate whether an asset is oversold, neutral, or overbought that way hinting at its popularity or the lack of it.

Plus500 Trader’s Guide

Plus500 Trader’s Guide is a valuable collection of tutorial videos that can help inexperienced traders learn more about trading. More experienced traders who are new to the platform can watch videos to learn how to trade with Plus500.   

News and Market Insights

Plus500 also shares news and market insights, which is a news blog with relevant events that can affect the price of financial assets that users may have interest in. This way, Plus500 traders can follow up with attested sources to create more effective trading strategies.

Service Comparison

eToroPlus500
eToro CFDsDemo
eToro CryptoWeb, Android, and Windows 10 Trader
eToro Copy PortfoliosSector Indices
eToro 0% Commission StocksMarket Exploration
eToro Demo  Affiliate Program
 Professional Traders

All investments involve a certain level of risk, even if that risk can be minimal. Still, powerful services can help traders mitigate these risks and get the most out of their investments.

How are services available on eToro and Stake different and which trading platform is better?

eToro

eToro CFDs

eToro CFDs service works similarly to Stake Fractional Shares feature. eToro CFDs allow users to buy fractional shares, however, this service also offers leverage for trading and open sell short positions.

With this service, you can own a fraction of shares that otherwise wouldn’t be accessible to all traders. eToro also offers zero commissions for numerous assets and financial derivatives, while the zero-fee policy doesn’t apply to stock CFDs.  

eToro Crypto

eToro Crypto service enables users to trade and invest in some of the top cryptocurrencies, which includes Bitcoin, Ethereum, and sixteen additional top-traded cryptos with major market caps.

You can buy fractions of cryptocurrencies available on the platform, while you can also access Crypto Portfolios that are managed by Investment Committee on eToro.

eToro Copy Portfolios

eToro Copy Portfolios service is like the platform’s feature Copy Trade as it allows users to copy different investment portfolios made by the top traders in the community.

You can copy other trader’s investments in real-time, and choose between three different types of portfolios:

  1. Partner Copy Portfolios

eToro’s partners also have portfolios within the Copy Portfolio service, which means that users can choose to copy trades from major investment companies and other eToro partners such as Tipranks, which is a company for stock analyst software.

  • Top Trader Copy Portfolios

This option offers preplanned investment strategies that users can copy from top traders on eToro. Top traders on eToro have exceptional ROI stats and are usually following winning strategies that you can use for your investments and trading options.

  • Market Copy Portfolios

eToro Market Copy Portfolios offer CFDs on commodities, stocks, indices, and ETFs. Thanks to its smart functions, this type of Copy Portfolio uses algorithms for periodic adjustments, allocation of funds, assets, parameters, and rebalancing.

This service is monitored by eToro Investment Committee, while the Committee is managed by Barclays.  

  • eToro 0% Commission Stocks

European traders can invest in stocks on eToro with 0% commission in case they don’t add leverage to buy positions. If applicable to your case, eToro will also neutralize Stamp Duty taxes and allow traders from Ireland to save 1% and 0.5% for UK traders.

Plus500

Demo

As is the case with the eToro free demo, you can also try out Plus500 trading tools and user interface with the demo version of the platform. The Plus500 demo is also available for free, so new traders can familiarize themselves with the features and services offered on the platform.

Web, Android, and Windows 10 Trader

You can start trading from anywhere and anytime with Plus500 as the company made sure that users can access their trading accounts from Android, Windows 10, and via multiple different browsers for web-based trading.

Sector Indices

Plus500 allows users to trade on the latest trends with the Sector Indices service. Users can trade on the hottest CFDs trends and explore the most popular sectors and assets with Sector Indices.

The offered Real Estate Giants Index has BUY and SELL options for the 30 largest publicly-traded companies in North America. All companies on the list are in the real estate sector.

Plus500 also lets you invest in other sectors with spread-out exposure. You can invest in top assets by sectors and increase your chances of ROI by investing in trending sectors.

Market Exploration

Explore the financial markets with Plus500 indexes, trading tools, and real-time market data available within a user-friendly interface. You can explore trading opportunities and join the most trending markets with real-time quotes and price changes.

Affiliate Program

You can become a Plus500 affiliate and have an alternative way to earn with the platform aside from trading. You will get 10% of monthly commissions from every referral who opens an account and start trading on Plus500.

Professional Traders

If you are eligible, you can use the Professional Traders service. Users who pass the eligibility test can take advantage of the same protection level that retail customers have, at no additional costs. To apply, you need to have a trading history on Plus500 and be an active trader for at least 12 consecutive months.

How do I open an account?

eToro lets you choose between different options before opening an account on this brokerage platform.

If you decide to sign up with eToro, you can choose between a variety of options:

  1. Demo Account
  2. Live Account
  3. eToro Professional Account
  4. Islamic Account
  5. Corporate Account
  6. eToro Club VIP
  7. eToro US Opening Account

Plus500 has two types of accounts:

  1. Retail Account
  2. Professional Account

eToro

To open an account on eToro, you will need to visit the official website and choose to join the platform. You will need to fill out an electronic form with required personal data mandatory for opening an account.

You will also be offered to sign up with Google or Facebook. Once you submit the form, you will be presented with a KYC process and asked to provide proof of identity and proof of residency.

Once you complete the KYC, you will need to fill out a questionnaire so that eToro could evaluate the best options for your account based on your experience, professional status, knowledge of financial markets and capital, levels of risk, goals, and similar information.  

Plus500

Plus500 will ask for personal information that includes your country of residence, nationality, name, address, email address, and even your employment status.

You will be asked some questions to determine your knowledge and experience in trading. You will be asked to verify your identity, which can be done by uploading a bank statement, passport, or ID card. Once you make a deposit you can start trading at Plus500.

How to trade?

eToro

To trade on eToro, you will be asked for a minimum deposit of $50 after successfully registering with this brokerage platform.

Before you start investing with your funds, you can try eToro Demo Account to get familiar with the platform, features, services, and trading in general. You can also use the Copy Trade feature to copy successful traders on eToro. 

Plus500

To start trading on Plus500 you will need to deposit a minimum of $100 after verifying your identity and successfully registering. You can also try a free demo account even before opening a real account. Users can test tools and features on Plus500 for free and with no deposits with a free demo account.

Fees comparison

PlatformeToroPlus500
Brokerage Fees$0None
Withdrawal Fee$5$0 (fiat)
Deposit Fee$0 (for USD)$0 (fiat)
Inactivity fee$10 (1 year inactive)$10 (1 year inactive)

eToro

eToro won’t charge you for signing up and using a Demo Account. New users are awarded $100 to test trade on the Demo. eToro takes 0.5% for forex trading on every deposit and FX rates may also apply to non-USD deposits. The minimum amount to withdraw is $30.    

Plus500

Plus500 has some additional costs as Premium fees for traders who hold their positions open for longer than one hour for a 300:1 leverage offer.

The time is showcased transparently so traders can easily follow up with the duration of their session. Conversion fees on the platform for converting fiat to fiat may also be charged depending on the currency being converted. Traders will also be charged fees for overnight positions.

Are these platforms regulated?

eToro

eToro was established and founded in 2007 as a low-risk brokerage social trading platform when it comes to trading CFDs and forex. To make low-risk trading possible, eToro is regulated in one tier-2 jurisdiction and two tier-1 jurisdictions. eToro is regulated and authorized by Financial Conduct Authority, CySEC, and ASIC.

Plus500

Plus500 was established in 2008 and it represents a London Stock Exchange-listed global CFD broker. Plus500 is regulated and overseen by more than several international financial authorities, including the United Kingdom Financial Conduct Authority (FCA) and the Australian Securities and Investments Commission (ASIC).  

Pros and Cons

eToro Pros and Cons

ProsCons
Trade, buy, and sell crypto, stocks, CFDs, ETFs, forexUS traders can’t trade equity and forex
Social tradingOnly one base fiat currency
A great number of useful features and servicesInactivity fee charged after a year
Low fees 
Option to copy successful trades with Copy trading 
A great number of payment methods 

Plus500 Pros and Cons

ProsCons
Over 2,500 available CFDsA limited range of financial products
Trading by trending sectorsLimited to one trading platform (WebTrader)
User-friendly and easy-to-use platformHigh costs for overnight positions
Zero deposit and withdrawal fees for fiat 
Intuitive trading tools 
  

Conclusion

We recommend you start with Plus500 for its features, ease of use and fees. Our top recommendations that you should try are:

RobinHood – Get a free stock worth up to $200 

Coinbase – Earn up to $167 worth of Crypto while learning about Crypto

BlockFi – Get up to a $250 bonus in Bitcoin with a deposit

eToro is best for?

eToro is a great platform for both beginners and more experienced traders. Beginner traders can get a grasp of how trading on eToro looks like by taking a turn with $100 on a free Demo Account.

More experienced traders and investors can become eligible for joining eToro Popular Investor Program and earn commissions. Copy-trading also makes it easier for newbie traders to grow more familiar with financial markets and winning investment strategies.

Plus500 is best for?

Plus500 is equally good for beginners and more experienced traders. New traders can practice trading with a free demo account and get to know the markets and financial tools available on Plus500. Experienced traders can apply for an eligibility test to open a Professional Trading account.

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