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Comparison eToro vs Plus500
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare eToro vs Plus500. Which of them: eToro or Plus500 a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. eToro has a commission fee of 0.09% spread per side, and Plus500 has a commission fee of from 0.45%. For trading in Forex, the commission fee of eToro is from 3 pips, while the commission fee of Plus500 is from 0.6 pips. When analyzing commission fees in CFD: eToro provides from 0.09%, and Plus500 provides from 0.065%. And for summarizing a complete picture, we should see trading in the metal market, where these brikers provide the following commissions: from 2 pips and from 0.03% for eToro and Plus500, respectively. You can read more detailed information on commission fees in the online broker reviews.
Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are eToro provides customers with Stocks Trading, ETFs Trading, Forex Trading, Crypto Trading, and Plus500 provides customers with Stocks Trading, Options Trading, ETFs Trading, Forex Trading, Futures Trading, Crypto Trading. As for platforms, eToro offers Web Platform, Android App, iOS App, while Plus500 offers Web Platform, Android App, iOS App.
Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. eToro was established in 2007 in Cyprus, and it is regulated by CySEC, FCA, ASIC. And Plus500 was established in 2008 in Israel, and it is regulated by FCA, CySEC, FSCA, FMA, MAS, ISA, ASIC. Withdrawal of funds from eToro can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $25. And Plus500 provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of £0. The withdrawal time for eToro is within 1 business day, and that one for Plus500 is 1-2 working days.
Overall, eToro boasts 4.4 stars versus Plus500 4 stars.