Comparison E*TRADE vs Plus500
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares E*TRADE vs Plus500. Is E*TRADE or Plus500 a better online broker?
First of all, we’ll compare the commission fees of the two brokers. E*TRADE has a commission fee of $6.95, and Plus500 has a commission fee of from 0.45%. Let’s analyze the commission fees on trading options. E*TRADE has a commission fee of $6.95 + $0.75 per contract, Plus500 has a commission fee of from 2 pips. For a more complete picture, let’s consider trading in the metal market, where E*TRADE and Plus500 have commission fees of $1.50 per contract and from 0.03%, respectively. You can read more detailed information on commission fees in the online broker reviews.
It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading, Robo Advisor are provided to customers by E*TRADE and Stocks Trading, Options Trading, ETFs Trading, Forex Trading, Futures Trading, Crypto Trading are provided by Plus500. As for platforms, E*TRADE offers Desktop Platform (Windows), Desktop Platform (MacOS), 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. E*TRADE was established in 1982 in United States, and it is regulated by FINRA. And Plus500 was established in 2008 in Israel, and it is regulated by FCA, CySEC, FSCA, FMA, MAS, ISA, ASIC. We can withdraw funds from E*TRADE with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $0. And Plus500 provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is £0. The withdrawal time for E*TRADE is 3 days, and that one for Plus500 is 1-2 working days.
Overall, E*TRADE boasts 4.3 stars versus Plus500 4 stars.