eToro CFDs vs Plus500 CFDs

Find out how we scored these no-fee CFD providers and which one came out on top.

Updated

Fact checked
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 67%-79.8% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Both eToro and Plus500 are trading platforms that you can use to trade on ETFs, cryptocurrencies, commodities and currencies. eToro offers low cost investing and an OpenBook trading platform, while Plus500 is a leading platform for contracts for difference (CFDs).

So, how do eToro and Plus500 compare?

What markets and products do they cover?

eToroPlus500 CFD
Rating★★★★★★★★★★
Stocks and shares ISA
Pension (SIPP)
Lifetime ISA (LISA)
Fractional shares
Ethical investing
Keep in mind67% of retail CFD accounts lose money76.4% of retail CFD accounts lose money
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Mobile and web features

eToroPlus500 CFD
Rating★★★★★★★★★★
iPhone app
Android app
Desktop/web app
Notifications
Keep in mind67% of retail CFD accounts lose money76.4% of retail CFD accounts lose money
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Learning resources

eToroPlus500 CFD
Rating★★★★★★★★★★
Guides
Videos
Demo account
Keep in mind67% of retail CFD accounts lose money76.4% of retail CFD accounts lose money
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eToro vs Plus500: demo account

Both of these platforms have demo accounts available, which is really nice to see. This means you can practice trading without using real money for as long as you like. Once you’ve got the hang of it, you can try it out for real! To access both demo accounts, you need to have an account with your chosen provider.

On both platforms, you don’t have to trade real money. If you want to make imaginary trades forever, you can.

eToro vs Plus500: fees, costs and charges

On the whole, both of these platforms are free, sort of. Both platforms make money from the bid/ask spreads. On the whole, Plus500 tends to have the narrower (cheaper) spreads, especially with forex, equities and indices. In some cases, you might get a slightly cheaper price with eToro, but this depends on the instrument.

Both platforms also charge an inactivity fee if the account is inactive for a period of time. There is no withdrawal fee with Plus500, but there is with eToro.

Our verdict: Is eToro better than Plus500?

If you’re looking to buy shares, eToro comes out on top here. Plus500 doesn’t have this functionality as it focuses solely on CFDs. If you’re looking for a CFD provider, these are pretty similar in what they offer, but eToro has a web app and more educational resources. It’s nice that they both have demo accounts. This makes them good for beginners, as they allow you to give it a go for free and with fake money, making them both pretty good educational resources, too.

Compare share dealing platforms

Table: sorted by promoted deals first
Data updated regularly
Name Product Price per trade Frequent trader rate Platform fees Brand description
Fineco
UK: £2.95
US: $3.95
EU: €3.95
N/A
£0
Your first 100 trades are free with Fineco (T&Cs apply)
Fineco Bank is good for share traders and investors looking for a complete platform and wide offer. The minimum deposit with Fineco is £0. Capital at risk.
eToro Free Stocks
£0
N/A
£0
0% commission but other fees may apply.
Capital at risk. 0% commission but other fees may apply. The minimum deposit with eToro is $1,000 (£710).
Hargreaves Lansdown Fund and Share Account
£11.95
£5.95
£0
Hargreaves Lansdown is the UK's number one platform for private investors, with the depth of features you'd expect from an established platform. The minimum deposit with HL is £1. Capital at risk.
Degiro Share Dealing
UK: £1.75 + 0.014% (max £5)
US: €0.50 + $0.004 per share
N/A
£0
Degiro is widely seen as one of the best low-cost share brokers, for people who are looking to trade regularly. The minimum deposit with Degiro is £0. Capital at risk.
interactive investor Trading Account
£7.99 (with one free trade per month)
N/A
£9.99 per month
Open an ISA, Trading Account or SIPP and get £100 of free trades to buy or sell any investment (new customers only)
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. The minimum deposit with ii is £0. Capital at risk.
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Data updated regularly
Name Product Minimum deposit Maximum annual fee Price per trade Brand description
interactive investor Stocks and Shares ISA
Any lump sum or £25 a month
£119.88
£7.99
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. Capital at risk.
Moneyfarm stocks and shares ISA
£1500
0.75%
£0
Moneyfarm helps you meet your investment goals with fully-managed portfolios designed around you. Capital at risk.
Hargreaves Lansdown Stocks and Shares ISA
£100
0.45%
£11.95
Hargreaves Lansdown is the UK's biggest wealth manager. It's got everything you'll need, from beginners to experienced investors. Capital at risk.
Nutmeg stocks and shares ISA
£100
0.75%
£0
Nutmeg offers three types of portfolios. Choose the one that goes with your investment style. Capital at risk.
Saxo Markets Stocks and Shares ISA
No minimum deposit requirement
0.12%
£8.00
Saxo Markets offers a wide access to a range of stocks, ETFs and funds. Capital at risk.
AJ Bell stocks and shares ISA
£500
0.25%
£9.95
AJ Bell is a good all-rounder for people who to choose between shares, funds, ISAs and pensions. Capital at risk.
Fidelity Stocks and Shares ISA
£1000 or a regular savings plan from £50
0.35%
£10.00
Fidelity is another good all-rounder, offering a good package at a decent price. Not suited for trading shares. Capital at risk.
Legal & General stocks and shares ISA
Legal & General stocks and shares ISA
£100 or £20 a month
0.61%
N/A
Legal & General is a big financial services company which offers insurance, lifetime mortgage, pensions and stocks and shares ISAs. Capital at risk.
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Data updated regularly
Name Product Minimum investment Choose from Annual fee Brand description
Interactive Investor Pension
Any lump sum or £25 a month
Over 3,000 funds
£10/month
interactive investor is a flat-fee platform, which makes it cost effective for larger portfolios. Capital at risk.
Moneyfarm Pension
£1,500 (initial investment)
7 funds
0.35%-0.75%
Moneyfarm has pensions that are matched against your risk appetite, goals and planned retirement date. Capital at risk.
AJ Bell Pension
£1,000
Over 2,000 funds
0.05-0.25%
AJ Bell has two different pension options, a self managed pension and one that is managed for you. Capital at risk.
PensionBee Pension
No minimum
7 funds
0.5% - 0.95%
Pension Bee is a newbie in the pension market. It helps consolidate your pension plans into one place. Capital at risk.
Hargreaves Lansdown Pension
£100 or £25 a month
2,500 funds
0-0.45%
Hargreaves Lansdown is the UK's biggest wealth manager. It's got three different retirement options. Capital at risk.
Saxo Markets Pension
Saxo Markets Pension
£10
Over 11,000 funds
No annual fee
Saxo Markets gives flexibility and control over your investment strategy. Capital at risk.
Penfold
Penfold
No minimum
4 portfolios
0.75-0.88%
Moneybox Pension
£1
3 funds
0.15% - 0.45% charged monthly
Manage your money with an easy-to-use Moneybox app. Capital at risk.
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All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

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