Scores, winners and data below compare these brokers as CFD/FX brokers: leveraged trading on forex, indices, commodities and crypto. Scores, winners and data below compare these brokers as stock brokers: real shares and ETFs you own outright.
eToro
Regulated in your country eToro is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Plus500
Regulated in your country Plus500 is allowed by ASIC to onboard clients residing in Australia.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Best for
What we compare A comparison of the kinds of traders eToro and Plus500 are best suited to, based on what each one actually offers in Australia.eToro is better than Plus500 for long-term investors, high-volume traders and algo traders. Both are a good fit for swing traders, news traders and CFD stock traders.
| Overall score | eToro 81 Best 83 | Plus500 75 -6 not offered |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise eToro and the ones that supervise Plus500.eToro and Plus500 are both regulated in Australia, by ASIC.
| Section score | eToro 100 100 | Plus500 100 not offered |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | ||
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that eToro and Plus500 have in place to protect your money in Australia.eToro and Plus500 both offer segregated client funds and two-factor authentication. eToro also offers additional money insurance.
| Section score | eToro 81 Best 81 | Plus500 72 -9 not offered |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 2007 | 2008 |
| Parent company i | eToro Group Ltd | Plus500 Ltd |
| CEO i | Yoni Assia | David Zruia |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | Australian Settlements Limited | N/A |
| Brand power | ||
| Number of customers worldwide i | 4,280,000 | 33,000,000 |
| Annual revenue i | US$1,340,000,000 | US$768,300,000 |
| Monthly website search traffic i | 13.2M monthly visits | |
Costs
What we compare A comparison of what it costs to trade with eToro and with Plus500 in Australia, both on each trade and on holding the account.Plus500 is better than eToro for CFD/FX costs, given that Plus500 is cheaper on EUR/USD, at US$8 per lot (against eToro's US$11.2), has tighter S&P 500 CFD spreads, at 0.7 points (against eToro's 1.08 points), and has tighter gold CFD spreads, at 0.75 points (against eToro's 0.88 points). Neither eToro nor Plus500 charges account maintenance fees or deposit fees.
There is no like-for-like comparison for real stock costs, as Plus500 is a CFD broker and does not offer real stocks.
| Section score | eToro 55 -9 76 | Plus500 64 Best not offered |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | Free | |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | US$11.2 | US$8 |
| S&P 500 fees (CFD) i | 1.08 points | 0.7 points |
| Gold fees (CFD) i | 0.88 points | 0.75 points |
| Bitcoin fees (CFD) i | US$1,585.8 | US$118.34 |
| US stocks fees (CFD) i | Free | |
| Fees on stocks | ||
| Stock fee type i | Commission | Spread |
| US stocks fees (real) i | US$4 | |
| ETF fees (real) i | Free | |
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | ||
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | ||
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with eToro and with Plus500 in Australia, and of how many instruments each one gives access to.eToro is better than Plus500 for CFD/FX markets, because eToro gives access to 7,000 tradable symbols (against Plus500's 2,800), and lets you own crypto, ETFs and stocks outright, which Plus500 does not. Both eToro and Plus500 offer CFDs on commodities, crypto, ETFs, forex, indices and stocks.
There is no like-for-like comparison for real stock markets, as Plus500 is a CFD broker and does not offer real stocks.
| Section score | eToro 85 Best 55 | Plus500 75 -10 not offered |
|---|---|---|
| Total tradable symbols i | 7,000 | 2,800 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, ETF, Forex, Indices, Stocks | Commodities, Crypto, ETF, Forex, Indices, Stocks |
| Futures i | ||
| Options i | ||
| Assets you can own i | Crypto, ETF, Stocks |
Platform
What we compare A comparison of the trading platforms that eToro and Plus500 make available to their clients in Australia.eToro is better than Plus500 for platforms, since eToro offers social trading and copy trading, which Plus500 does not. eToro and Plus500 both offer a proprietary platform and one-click trading.
eToro and Plus500 cannot be set side by side for platforms, as Plus500 is a CFD broker and does not offer real stocks, unlike eToro.
| Section score | eToro 84 Best 84 | Plus500 72 -12 not offered |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of eToro and Plus500 in Australia, and of what each one lets you do from your phone.eToro is better than Plus500 for mobile trading, given that eToro offers a social trading app, a copy trading app and a mobile watchlist, which Plus500 does not. Both eToro and Plus500 offer a proprietary mobile app and mobile price alerts.
Only eToro can be assessed for mobile trading, since Plus500 is a CFD broker and does not offer real stocks.
| Section score | eToro 87 Best 87 | Plus500 74 -13 not offered |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that eToro and Plus500 allow on their platforms in Australia.eToro and Plus500 are equally good for CFD/FX trading features, as eToro offers API access, and allows for automated trading. On the other hand, Plus500 offers guaranteed stop losses. eToro and Plus500 both offer negative balance protection and trailing stops.
eToro and Plus500 cannot be set side by side for real stock trading features, as Plus500 is a CFD broker and does not offer real stocks, unlike eToro.
| Section score | eToro 68 85 | Plus500 67 -1 not offered |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | Agency |
| Average execution time i | ||
| Slippage occurrence i | ||
| Requotes occurrence i | ||
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 30:1 | 30:1 |
| Minor/Exotic FX pairs leverage i | 20:1 | 20:1 |
| Major indices leverage i | 20:1 | 20:1 |
| Minor indices leverage i | 10:1 | 10:1 |
| Gold leverage i | 20:1 | 20:1 |
| Commodities leverage i | 10:1 | 10:1 |
| Equities leverage i | 5:1 | 5:1 |
| Cryptocurrency leverage i | 2:1 | 2:1 |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | US$10 | US$1 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at eToro and at Plus500 in Australia, and of who each one is meant for.eToro is better than Plus500 for CFD/FX account types, because eToro offers a corporate account and a copy trading account, which Plus500 does not. Both eToro and Plus500 offer a demo account and an unlimited demo account.
eToro and Plus500 cannot be set side by side for real stock account types, as Plus500 is a CFD broker and does not offer real stocks, unlike eToro.
| Section score | eToro 45 Best 76 | Plus500 38 -7 not offered |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with eToro and with Plus500 in Australia.eToro and Plus500 are equally good for account opening, as eToro requires a lower minimum deposit, at US$50 (against Plus500's US$70), and offers 2 account base currencies (against Plus500's 1). On the other hand, Plus500 pays out withdrawals faster, within 3 days (against eToro's 7 days). eToro and Plus500 both offer credit cards and debit cards.
Only eToro can be assessed for account opening, since Plus500 is a CFD broker and does not offer real stocks.
| Section score | eToro 69 69 | Plus500 69 not offered |
|---|---|---|
| Minimum deposit i | US$50 | US$70 |
| Minimum withdrawal i | US$30 | US$100 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | PayPal, Neteller, Skrill | PayPal, Skrill |
| Local payment methods i | ||
| Account base currencies i | USD, AUD | AUD |
| Deposit waiting time i | Instant | Instant |
| Withdrawal waiting time i | up to 7 business days | up to 3 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of eToro and Plus500 in Australia, in how it can be reached and how fast it answers.eToro is better than Plus500 for customer care, as eToro offers phone support, call-back requests and tax assistance, which Plus500 does not. eToro and Plus500 both offer a dedicated account manager and priority support.
There is no like-for-like comparison for customer care, as Plus500 is a CFD broker and does not offer real stocks.
| Section score | eToro 78 Best 78 | Plus500 71 -7 not offered |
|---|---|---|
| Number of languages supported i | 7 | 29 |
| Website languages i | Arabic, German, English, French, Italian, Spanish, Chinese | Arabic, Bulgarian, Czech, Danish, German, English, Estonian, Finnish, French, Hebrew, Croatian, Hungarian, Icelandic, Latvian, Lithuanian, Maltese, Malay, Dutch, Norwegian, Polish, Portuguese, Romanian, Russian, Slovak, Slovenian, Spanish, Swedish, Turkish, Chinese |
| Website available in English i | ||
| Customer support languages i | English | English |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that eToro and Plus500 provide to their clients in Australia.eToro is better than Plus500 for learning, since eToro offers professional reports and daily market commentary, which Plus500 does not. eToro and Plus500 both offer education for advanced traders and webinars.
Plus500 does not offer real stocks, being a CFD broker, so eToro and Plus500 cannot be compared for learning.
| Section score | eToro 96 Best 96 | Plus500 80 -16 not offered |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
eToro vs Plus500: which one should you choose?
eToro
CFD/FX Choose eToro if you want an online CFD broker for automated trading, with a wide choice of markets.
Stocks Choose eToro if you want a stock brokerage service with copy and social trading.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Plus500
CFD/FX Choose Plus500 if you want a CFD and forex broker with guaranteed stop-loss orders and conditions for high-volume trading.
Open Account CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.Other popular comparisons
Below are other head-to-head comparisons that include eToro or Plus500, each scored with the same data and method as this page.
