AvaTrade vs Plus500

AvaTrade and Plus500 have many differences, but also share important similarities. Both are reputable brokers with strong regulatory credentials, licensed by multiple respected authorities, and providing a safe trading environment. They offer a single live account with a low minimum deposit, making them accessible to most traders. Both brokers waive deposit and withdrawal fees and feature demo accounts beneficial to beginners.

However, AvaTrade offers more advanced trading platforms including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), tools attractive for experienced traders seeking advanced functionalities. Plus500, on the other hand, offers a more simplified and user-friendly in-house platform that’s easy to navigate but lacks advanced tools like a trading journal. AvaTrade excels in additional educational and research tools, while Plus500 provides a more basic offering in research.

Plus500 excels in offering tight spreads, no commissions, and a transparent fee structure. AvaTrade, although commission-free for most products, might have wider spreads due to its in-house dealing model. Plus500 caters well to CFD traders across stocks, forex, indices, and commodities, while AvaTrade supports a broader range of trades, including futures and options in some regions.

Regulation & Trust

AvaTrade scores highly in regulation, with licenses from seven reputable regulators like ASIC and CySEC. It has a solid industry reputation built over 15 years. Plus500 is also well-regulated and publicly listed on the London Stock Exchange, enhancing its credibility. However, it has faced some legal challenges.

Accounts & Banking

AvaTrade offers one retail account with a $100 minimum deposit and the option for a premium membership. Plus500 provides a single account with a similar deposit requirement but lacks a premium account. Both offer swap-free options for Islamic traders and have user-friendly processes for deposits and withdrawals.

Deposits & Withdrawals

AvaTrade excels with instant processing for cards and e-wallets, while Plus500’s e-wallet withdrawals may take longer. Neither imposes fees for account funding or withdrawal.

Demo Account

Both brokers offer risk-free demo accounts without time limits. AvaTrade allows testing on multiple platforms, whereas Plus500’s demo is simpler.

Assets & Markets

AvaTrade provides 1,250+ instruments and introduced AvaFutures for more opportunities. Plus500 offers specialized CFD trading across a slightly different range of over 2,000 instruments. AvaTrade also supports certain locations for spread betting and options.

Leverage

AvaTrade offers leveraged trading up to 1:400 for pros, while retail traders have lower limits. Plus500 offers leverage up to 1:300 for approved professional traders but is more conservative with leverage for retail accounts in line with regulatory stipulations.

Fees & Costs

AvaTrade charges only on spreads, which are slightly wider due to its market maker model. Plus500 does not charge commissions and offers competitive spreads. Both have overnight swap and inactivity fees.

Platforms & Tools

AvaTrade supports MT4 and MT5 for advanced trading, offering a broader array of tools and customization. Plus500 focuses on simplicity with a proprietary platform but lacks automated trading support and third-party tool integration.

Mobile App

AvaTradeGO and Plus500 apps are both well-designed, with AvaTrade offering more advanced features like scalable charts and trading signals. Plus500’s app mirrors its web platform, favoring ease over complexity.

Research

AvaTrade offers robust research resources, including trading signals and an economic calendar. Plus500 provides basic analytics but lags in research depth compared to AvaTrade.

Education

AvaTrade has extensive educational materials, video tutorials, and platform guides. Plus500 offers helpful but limited materials, effective for basic trader education.

Customer Support

Both brokers provide 24/5 support. AvaTrade offers multiple channels, including live chat and phone. Plus500 emphasizes live chat, with timely responses but no telephone support.

Is AvaTrade or Plus500 Better For Beginners?

AvaTrade is better for beginners. It offers a user-friendly experience with simple pricing and a demo account. Education resources and platforms like AvaTradeGO are easy to learn, making it accessible to new traders.

Is AvaTrade or Plus500 Better For Experienced Traders?

AvaTrade suits experienced traders due to its advanced platforms like MT4 and MT5. These tools allow for sophisticated analysis and strategy execution. Plus500 lacks such capabilities, making AvaTrade the better choice for seasoned traders.

Why Pick AvaTrade Over Plus500?

Choose AvaTrade for its wider platform choice and rich research tools. It provides educational materials that benefit traders seeking in-depth analysis. Its leverage options cater well to professional traders.

Why Pick Plus500 Over AvaTrade?

Choose Plus500 for tight spreads, transparency, and ease of use. It offers a simpler trading interface and reasonable fees. Its platform is accessible, serving well those who prioritize straightforward trading.