Exchange Comparison

eToro vs Plus500 Australia

Quick-Take: The eToro platform is a superior platform when compared to Plus500 because they offer a wider variety of markets, lower fees and better banking support for Australians.

Verified Author

eToro and Plus500 are the two largest share brokerage platforms in the world, offering a wide variety of tradable assets for investors in Australia and abroad. In this guide, we compare the Australian offerings of eToro vs Plus500 to help you decide which trading platform is best for you.

If you are looking for a quick summary, we have provided a detailed comparison table below of the key features underpinning eToro vs Plus500. The data provided below is recent as at the time of writing this article.

Exchanges
eToro vs Plus500Plus500 vs eToro
Trading Fees
0%
$10 per month account fee
Available Markets
25 Global Stock Markets, Cryptos, Commodities, ETFs
10 Global Markets, Commodities and ETFs
AUD Deposit Options
Bank Transfer, PayID, PayPal, Credit Card or Osko
Bank Transfer via CommBank only
Crypto Staking & Trading
Aussie & US Stocks
24/7 Local Support
Overall Best

Table of Contents

eToro vs Plus500: Available Markets

eToro is without doubt the most diverse trading platform when it comes to tradable assets. They offer Stocks, Commodities, ETFs, Options, Indices and over 30 different cryptocurrencies with native crypto wallets built into the platform.

Plus500 has a very similar offering to eToro when it comes to traditional markets, meaning that they offer a very similar range of Stocks, Commodities and ETFs. Plus500 does not however offer native cryptocurrencies and crypto wallets like eToro Australia.

Available Markets eToro vs Plus500

Winner: eToro offers more cryptocurrencies and stocks overall. They also provide a Crypto wallet for users, which means you have real custody of your coins.

eToro vs Plus500: Trading Fees

eToro is widely regarded for their platforms zero commissions or trading fees across their suite of tradable markets. This means that it costs $0 to buy or sell any asset available on the eToro Australia platform. With regard to deposit fees, eToro Australia also offers free Australian Dollar (AUD) deposits when depositing via a bank transfer with PayID or Osko.

Plus500 is also a commission free brokerage, boasting $0 fees across their platform and notably tight spreads. However, Plus500 does charge a $10 per month account fee that is akin to a subscription model. This is a pretty significant disadvantage when comparing their platform with eToro.

Plus500 Fees

Winner: eToro is the cheaper platform compared to Plus500 because they offer $0 trading fees and $0 monthly subscription fees. Plus500 charges $10 per month to use the platform.

Australian Dollar (AUD) Withdrawals

If you have been trading on eToro or Plus500 and are looking to withdraw your Australian Dollars (AUD) to your bank account, it is important to know the turnaround time so you can plan accordingly.

Withdraw AUD Plus500 or eToro

The eToro platform offers very fast AUD withdrawals, taking up to 1 business day for AUD to hit your account.

If you are a verified customer of the Plus500 Australia platform, AUD withdrawals can take between 1 to 3 business days to clear into your bank account.


Regulation and Security

Both eToro and Plus500 Australia have the requisite licensing to operate a CFD platform as provided by the Australian Securities and Investments Commission (ASIC). eToro AUS Capital Pty Ltd. are the holders of an Australian Financial Services License and can be found in the registrar by using their unique identifier number 491139.


eToro vs Plus500: Conclusion

On review of both platforms, it is clear that the eToro Australia offering is superior to that of Plus500 Australia. The eToro platform offers a wider variety of tradable markets and they do not charge a monthly subscription fee to trade.

Visit eToro

Author Bio

Timothy Wilson was a former Prop Trader for a notable crypto trading fund based in Hong-Kong. He built BCA after deciding he wanted to focus his career on educating new users about Crypto and DeFi.

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