CompareForexBrokers compared of Forex Brokers, AvaTrade and Plus500 for their key trading features like trading spreads, platforms along with customer services so you can decide on a broker to trade with.
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AvaTrade and Plus500 are two leading forex brokers in the trading industry. AvaTrade stands out with its diverse trading platforms and educational resources, while Plus500 is known for its user-friendly platform and competitive spreads.
When it comes to trading costs, both AvaTrade and Plus500 have their strengths. However, if you’re looking for low commission forex brokers, AvaTrade might be the better option.
AvaTrade offers competitive spreads for its standard account holders, while Plus500 provides tight spreads, which can be beneficial for frequent traders. For more details, check out our Standard Account Testing.
For RAW account holders, AvaTrade offers even more competitive spreads, while Plus500 does not offer a RAW account. For more information, refer to our RAW Account Testing.
AvaTrade charges no commission on trades, relying instead on spreads, while Plus500 also operates on a commission-free model.
Neither AvaTrade nor Plus500 charges any deposit or withdrawal fees, making it easy for traders to manage their funds.
AvaTrade charges an inactivity fee after a period of non-use, while Plus500 also charges an inactivity fee after three months of non-use.
Verdict: When it comes to trading costs, Plus500 wins due to its tighter spreads and lack of commission.
AvaTrade is regulated by several authorities including the Central Bank of Ireland, ASIC, FSCA, FSA, and ADGM. Plus500, on the other hand, is regulated by the FCA, CySEC, ASIC, FSCA, and MAS. Both brokers are also publicly traded, which adds an extra layer of transparency and trust. AvaTrade, regulated by ASIC, offers a higher level of trust and security for traders.
| Criteria | AvaTrade | Plus500 |
|---|---|---|
| Regulated By | CIRO, CBI, ASIC, FSCA, ADGM, KNF, FSC-BVI, JFSA, FSCA | FCA, CySEC, ASIC, FSCA, MAS, FMA, DFSA, EFSA, FSA-S |
| Publicly Traded | Yes | Yes |
Both AvaTrade and Plus500 offer a variety of trading platforms to suit different trader needs.
AvaTrade offers both MetaTrader 4 and MetaTrader 5, widely regarded as the industry standard for forex trading. Plus500 offers its proprietary platform, which is user-friendly but lacks the advanced features of MetaTrader.
AvaTrade also offers cTrader and TradingView, two platforms known for their advanced charting capabilities. Plus500 does not offer these platforms.
| Criteria | AvaTrade | Plus500 |
|---|---|---|
| MetaTrader 4 | Yes | Yes |
| MetaTrader 5 | Yes | No |
| cTrader | No | No |
| TradingView | No | No |
| Other Platforms | AvaTradeGo AvaOptions |
No |
| VPS Services | Yes | Yes |
AvaTrade offers social and copy trading through ZuluTrade and DupliTrade, allowing traders to copy the trades of experienced traders. Plus500 does not offer social or copy trading.
AvaTrade offers VPS and other trading tools to enhance the trading experience. Plus500 does not offer these additional tools.
Both AvaTrade and Plus500 offer a variety of trading platforms to suit different trader needs. However, if you’re looking for the best cTrader forex brokers, AvaTrade is the one to go for.
Verdict: AvaTrade wins in terms of trading platform variety and features.
AvaTrade offers a variety of account types, including a standard account, a demo account, and a professional account. Plus500 offers a standard account and a demo account but does not offer a professional account. If you’re interested in spread betting, AvaTrade is one of the best spread betting brokers in the market
Verdict: AvaTrade wins for its wider range of account types.
| Criteria | AvaTrade | Plus500 |
|---|---|---|
| Standard Account | Yes | Yes |
| Demo Account | Yes | Yes |
| Professional Account | Yes | No |
Both AvaTrade and Plus500 offer 24/7 customer service. AvaTrade offers support via live chat, phone, and email, and it supports multiple languages. Plus500 also offers multilingual support via live chat and email, but it does not offer phone support.
Verdict: AvaTrade wins for its more comprehensive customer service.
| Criteria | AvaTrade | Plus500 |
|---|---|---|
| 24/7 Support | Yes | Yes |
| Support Channels | Live Chat, Phone, Email | Live Chat, Email |
| Multilingual Support | Yes | Yes |
AvaTrade requires a minimum deposit of $100, making it accessible for beginner traders. Plus500 requires a higher minimum deposit of $200. When considering other trading factors, such as minimum deposit levels and payment methods, both brokers have their strengths. However, if you’re interested in copy trading, AvaTrade offers superior features.
Both AvaTrade and Plus500 offer a variety of payment methods, including credit cards, bank transfers, and e-wallets.
Verdict: AvaTrade wins for its lower minimum deposit requirement.
| Criteria | AvaTrade | Plus500 |
|---|---|---|
| Minimum Deposit | $100 | $200 |
| Payment Methods | Credit Cards, Bank Transfers, E-Wallets | Credit Cards, Bank Transfers, E-Wallets |
| Trading Instruments | ||
| Forex CFD | 55 | 65 |
| Shares CFD | No | 11,000+ |
| Cryptos CFD | 17 (+ Crypto10 Index) | 18 (+ Crypto 10) |
| Commodities CFD | 5 Metals 5 Energies 7 Softs |
5 Metals 7 Energies 10 Softs |
| Indices CFD | 33 | 65 |
| Bonds/Treasuries CFD | 2 | No |
| Spread Betting (UK only) | Yes | No |
| Other Products | Yes | No |
| Shares (underlying) | Yes | No |
Best For Beginner Traders: AvaTrade, with its lower minimum deposit, variety of trading platforms, and comprehensive customer service, is the best forex broker for beginner traders.
Best For Experienced Traders: Plus500, with its tight spreads and user-friendly platform, is the best forex broker for experienced traders.
| Criteria | AvaTrade | Plus500 |
|---|---|---|
| Best For Beginner Traders | Yes | No |
| Best For Experienced Traders | No | Yes |
AvaTrade is the best broker for beginner traders due to its lower minimum deposit, variety of trading platforms, and comprehensive customer service.
Plus500 is the best broker for experienced traders due to its tight spreads and user-friendly platform.
