When it comes to choosing a broker , there are plenty of options, and in this article we’ll be discussing AvaTrade and Plus500 . Both options aim to attract different types of traders. AvaTrade , known for its vast array of financial instruments and platforms, promises a solid trading experience. On the other hand, Plus500 comes across as a more user-experience-focused option.
In short, we’ll break down what each has to offer,
From their key features to their fees and support tools, to help you decide which one best suits your trading needs and style.
Comparison AvaTrade vs Plus500
Comparison AvaTrade vs Plus500
Regulation and security
An important point when making a comparison between both brokers is to know what regulations they have, as well as the security they provide to our funds as clients. Here we leave you a detailed comparison:
AvaTrade
Regulation : AvaTrade is regulated in several jurisdictions, including the Australian Securities and Exchange Commission ( ASIC ) , the UK Financial Conduct Authority ( FCA ) , and the Japan Financial Services Authority ( JFSA ).
Security : Regulation in multiple jurisdictions ensures a high level of security and protection for client funds, as it means that the broker has successfully passed the regulations in order to perform its functions.
Plus500
Regulation : Plus500 is also regulated in several major jurisdictions, including the FCA in the UK, the ASIC in Australia and the CySEC in Cyprus.
Security : Like AvaTrade, Plus500 offers a robust regulatory framework to protect investors.
Commissions and costs
Commissions and costs directly affect the profitability we can get from the market, which is why we must choose a broker with good spreads and commissions. Below, I will detail AvaTrade and Plus500.
AvaTrade
Spreads : AvaTrade offers competitive spreads that vary by instrument and time, for example on EUR/USD the spread fluctuates around 0.9 pips during the day. This can rise during periods of high volatility , such as when Federal Reserve Chairman Jerome Powell speaks or there is major macroeconomic news.
Commissions : AvaTrade generally does not charge commissions on trades, but rather relies on the spread when we execute a market trade.
Plus500
Spreads : Plus500 is known for its tight spreads, especially on major forex pairs and stocks .
Commissions : Plus500 also does not charge any transaction fees, instead earning revenue primarily from spreads.
Inactivity Fee : A fee of up to $10 per month will be applied , in case you do not log in to your trading account for a period of at least three months. This fee will be charged once a month thereafter, as long as you do not log in to the account. The reason for this is that Plus500 is not a savings account, but an investment broker.
Platforms and user experience
Last database provides a customized bulk order at low cost. Therefore, it can help marketing your phone number and enhance your brand. In the end, you can reach phone number list the numerous target recipients for the advertisement of the product. Having a phone number list from the last database is very important for you.
In terms of user experience, AvaTrade offers remarkable flexibility with its multiple platforms. Plus500 , on the other hand, focuses on a more narrow user experience. Choosing between these platforms may depend on your level of experience and your personal preferences regarding features and ease of use. Here is a brief comparison:
AvaTrade
MetaTrader 4 / MetaTrader 5 : These Russian-origin platforms from the MetaQuotes company are known for their technical analysis tools and ability to integrate algorithmic trading . They are available for both desktop users (Windows, MacOSX and Linux) as well as mobile users (IOS, Android and Huawei).
AvaTradeGO : Mobile platform developed by AvaTrade, it was designed to be user-friendly for those who are just starting to invest and was created with the aim of reducing the “complexity” of executing operations.
AvaOptions : Mobile platform developed by AvaTrade, focused on trading Options.
Plus500
Proprietary Platform : Plus500 offers a basic platform for analysis and execution.
Mobile applications : It also has a mobile app for Android and IOS.
Variety of financial instruments
When choosing a broker, the variety of financial instruments they offer can make a big difference in your ability to diversify and execute your investment strategy. For example, if you are a stock trader, you should look for a broker that has that type of asset. Below are the stock market instruments that AvaTrade and Plus500 have :
AvaTrade
Instruments : AvaTrade offers a wide range of business digitization: what is it and where to start instruments including Forex, Cryptocurrencies , Stocks, Indices , Commodities and Options.
Platforms : Users can access AvaTrade through MetaTrader 4 and 5 , as well as through the proprietary AvaTradeGO platform .
Plus500
Instruments : Plus500 focuses primarily on CFDs (Contracts for Difference) on stocks, cryptocurrencies, indices, commodities and ETFs .
Platforms : Plus500 has its own trading platform , which is intuitive and easy to use if you give yourself a couple of hours to learn. However, it does not offer MetaTrader.
Trading Accounts and Conditions
The trading conditions and account options aob directory offered by both brokers may not suit certain individuals or clients. AvaTrade and Plus500 have different approaches in this regard, catering to different trader needs and preferences , which I detail below:
AvaTrade
Plus500
Minimum deposit of 100 USD for Standard account, and 1,000 USD for Professional account (ECN account).
Minimum deposit of 100 USD by credit/debit card and 500 USD by bank transfer.
Minimum deposit : 100 USD by credit card and 500 USD by bank transfer.
Minimum deposit : 100 USD by credit/debit card and 500 USD by bank transfer.
Account Types : Standard and Professional Accounts. Both require identification documentation and proof of residency.
Account Types : Single standard account with free demo account option.
Customer Service and Support
The quality of customer service and technical support are important aspects when choosing a broker, as they can affect your ability to resolve issues and get assistance when you need it. Here’s the difference between the two brokers:
AvaTrade
Support : AvaTrade offers customer support in multiple languages and provides support via live chat , email , and phone .
Educational Resources :
Wide range of educational resources, including webinars , tutorials and market analysis.
Plus500
Support : Plus500 offers support in multiple languages via live chat and email .
Educational Resources : The educational offering is more limited compared to AvaTrade, focusing primarily on assistance in using the platform.
What is the best option for Chilean traders?
For Chilean traders , AvaTrade might be the best choice if you value a platform with a wide range of financial instruments, extensive educational resources, and support in Spanish.
