AvaTrade vs Plus500
AvaTrade and Plus500 side by side: costs, licences, platforms and scores.
Advertisement. ForexPlatform is free to use. We earn affiliate fees: when you open an account through our link, the broker may pay us. Our scores follow a fixed, public methodology and brokers cannot buy a better position.
AvaTrade
Advertisement: we may receive a fee if you open an account through this link. This never changes our scores.
Plus500
Advertisement: we may receive a fee if you open an account through this link. This never changes our scores.
| Broker | AvaTrade | Plus500 |
|---|---|---|
| Overall score | 8.0 | 7.7 |
| Regulation | 8.4 | 9.0 |
| Costs | 7.4 | 6.8 |
| Platform | 8.3 | 7.6 |
| Education | 8.0 | 7.0 |
| Support | 8.0 | 7.6 |
| Cost per lot EUR/USD | €8.29 | €11.98 |
| Typical spread EUR/USD | 0.9 pip | 1.3 pip |
| Commission | None | None |
| Minimum deposit | €100 | €100 |
| Regulator | CBI | EFSA, CySEC |
| Platforms | MetaTrader 4, MetaTrader 5, Web trader, Proprietary | Web trader, Proprietary |
| Instruments | Forex, Indices, Commodities, Shares, ETFs, Crypto, Bonds | Forex, Indices, Commodities, Shares, ETFs, Crypto |
| Customer service | 24/5 via chat, phone, WhatsApp and email, in 15 languages | 24/7 via chat, WhatsApp and email; no phone support |
| Founded | 2006 | 2008 |
Which one suits you?
Best for: Active traders who want to use MetaTrader
AvaTrade serves European clients from Dublin, licensed by the Central Bank of Ireland. You trade through MetaTrader 4, MetaTrader 5, a web trader or its own app, in more than 1,250 CFDs and vanilla options. Tight EUR/USD spreads, but steep fees if you stop trading for a while.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with AvaTrade. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Best for: Traders who want a simple proprietary platform
Plus500 is a CFD provider with its own clear platform and more than 2,800 CFDs. Its parent company is listed on the London Stock Exchange. Strong on regulation and ease of use, less suitable if you want MetaTrader or tight spreads.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail investor accounts lose money when trading CFDs with Plus500. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.