Plus500 vs AvaTrade – Our Comprehensive Comparison

When it comes to online trading, choosing the right broker can make all the difference. Two popular options among CFD traders are Plus500 and AvaTrade. Both brokers offer a wide range of assets to trade, including stocks, indices, forex, and cryptocurrencies. However, they have some key differences that may make one a better choice for you than the other. Let’s compare Plus500 vs AvaTrade.

Plus500 vs AvaTrade

About Plus500

Plus500 is a CFD (contract for difference) broker, which means that you speculate on the price movements of assets without actually owning them. This can be a more affordable way to trade, as you don’t need to worry about margin calls or overnight fees. Plus500 is also a very popular broker, with over 1.7 million registered users.

Risk warning – 80% of retail CFD accounts lose money.

Key Features of Plus500:

  • Large range of CFDs: Plus500 offers over 2,000 CFDs to trade, including stocks, indices, forex, and cryptocurrencies.
  • User-friendly platform: Plus500’s platform is easy to use, even for beginners.
  • Competitive spreads: Plus500’s spreads are generally competitive, and they often offer promotions and bonuses.
  • Demo account: Plus500 offers a demo account that you can use to practice trading before you start using real money.

About AvaTrade

AvaTrade is a forex and CFD broker that also offers access to a wide range of other assets, including stocks, indices, commodities, and cryptocurrencies.

AvaTrade is a more traditional broker than Plus500, and it offers more advanced trading tools and features.

Key Features of AvaTrade:

  • Large range of assets: AvaTrade offers over 1,200 CFDs to trade, as well as access to a variety of forex pairs, stocks, indices, commodities, and cryptocurrencies.
  • Advanced trading tools: AvaTrade offers a variety of advanced trading tools, such as technical analysis indicators and automated trading systems.
  • Margin trading: AvaTrade allows you to trade on margin, which can magnify your profits but also your losses.
  • Education resources: AvaTrade offers a variety of education resources, including webinars, tutorials, and ebooks.
FeaturePlus500AvaTrade
Type of brokerCFD brokerForex and CFD broker
Range of assetsOver 2,000 CFDsOver 1,200 CFDs, forex, stocks, indices, commodities, cryptocurrencies
Trading platformUser-friendly platformAdvanced trading platform
SpreadsGenerally competitiveCompetitive, but also offers margin trading
Demo accountYesYes
Education resourcesLimitedExtensive

Plus500 vs AvaTrade – Choosing the Right Broker

The best broker for you will depend on your individual needs and preferences. If you are a beginner trader who is looking for a simple and easy-to-use platform, Plus500 is a good option. If you are a more experienced trader who is looking for a wider range of assets and advanced trading tools, AvaTrade is a better choice.

Here is a table summarizing the pros and cons of each broker:

BrokerProsCons
Plus500Easy-to-use platform, competitive spreads, demo accountLimited trading tools, no margin trading
AvaTradeA wider range of assets, advanced trading tools, margin tradingMore complex platform, higher minimum deposit

Learning By Doing

Ultimately, the best way to choose between Plus500 and AvaTrade is to try both platforms and see which one you prefer.