AvaTrade vs Plus500 | We Compare Brokers
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AvaTrade vs Plus500 | Broker Comparison

Review By: Ivan Postoian
Review Updated: 2022-05-09

So you are looking to compare forex brokers, no doubt you are looking for a forex broker comparison which will help you find who has the best forex spreads and forex leverage. We can help! We have done extensive research of the major forex brokers to bring you a set of results with customisable comparisons between brokers. Use our tool below to make a quick comparison between two forex brokers to see who has what rates and fees. Over on the right of the screen, you will see two drop-down fields. Select the brokers you want to compare.

AVATRADE Broker Review
4.2
Rating

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Pros
  • An experienced broker with offices in 11 countries and complies with seven regulatory agencies
  • Over 1,000+ tradable instruments in portfolio
  • MT4 and proprietary trading platforms
  • Excellent award-winning training materials and a YouTube channel for beginners

 

Cons
  • Professional spreads are competitive, but retail spreads could be better
  • Inactivity fees apply
  • Research could be improved

 

 

Pluse 500 Broker Review
4.1
Rating

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Pros
  • Heavily regulated in 11 jurisdictions, including FCA, ASIC and CySEC
  • Good transparency on fees, better than average on costs
  • Proprietary WebTrader platform and app have won many awards, user-friendly
  • More than 2,000 popular asset choices on CFD platform

 

Cons
  • Research and education materials could be more comprehensive
  • Customer service has no telephone access
  • No MT4 or MT5 trading platform products offered

 

Feature
AvaTrade
Plus500
Minimum deposit:
$100/€100/£100
100 units of USD, EUR, GBP
Withdrawal fee amount:
$0 - except for intermediary payment processor fees
None
Inactivity fee charged (Y/N):
Y
Y
Max leverage:
Varies by region
1:30
Spread from:
Competitive on Professional level, average for basic account
Varies
Number of instruments:
Up to 1,000
2,000+
Year founded:
2006
2008
Time to open account:
1-2 business days
1-2 business days
Demo account provided (Y/N):
Y
Y
Countries of regulation:
EEA (Bank of Ireland, CySEC), Australia, Japan, Poland, South Africa, Abu Dhabi, and Israel
UK, Cyprus, Australia, New Zealand, South Africa, Seychelles, Estonia, Singapore, Israel, US, Japan
Products offered:
Spot Forex, Forex options, CFDs, Bonds, ETFs, Commodities, Indices, Stocks, and Cryptocurrencies
CFDs in forex, indices, shares, commodities, options, ETFs, and cryptocurrencies in limited jurisdictions, some stocks only in EU
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