Plus500 vs Etrade, Who's Better?
Read our In-Depth Plus500 vs Etrade Review - 2024 Update
This review comparing Plus500 and Etrade has been updated for 2024 by knowledgeable insiders with years of financial experience across Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of Plus500 vs Etrade does not apply to all countries as follows:
Plus500 Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Etrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Plus500 vs Etrade
Each trading platforms will have certain ups and downs, and any comprehensive Plus500 and Etrade review cannnot be regarded as thorough without adopting a balanced approach.
Compare Plus500 and Etrade to understand how these platforms stack up to one another before you decide to make an account. A comprehensive comparison helps to place factors in perspective in order that you're cognizant of what you should anticipate.
So you are looking for a reputable broker and are choosing between Plus500 or Etrade. Which one is best in 2024?
Our Plus500 vs Etrade comparison contains the most recent information so you can easily compare Etrade against Plus500.
If you are a new entrant in the realm of trading and brokers, so many details will be confusing for you. Getting into the world of trading requires expert assessing skills and thorough understanding. You will acquire adept at all of the concepts of brokerage as you keep trading. For starters, you have to select the ideal agent who will be transparent with you constantly.
Within this fast-paced world of stock markets and trading, you will need guidance to make correct decisions. A professionally direct investment program has the potential to create hefty returns. Plus500 and Etrade are two such stages that will take you and your investment to great heights. It's important that you compare Plus500 vs Etrade before you trust them with your cash.
Our Plus500 vs Etrade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Plus500 and Etrade side by side.
Our entire Plus500 vs Etrade Review covers everything you need to know about trading with either Plus500 or Etrade. A fantastic agent can multiply your initial investments and give you favorable profits. If you would like to make profits, you must trade with a brokerage service that contrasts with your investment objectives.
There's absolutely no sure-fire method to ensure profits; therefore, you must carefully analyze your agent before you select them. It's a common misconception that all agents will be exactly the same, but that's not true. Wrong judgment, initially, can set your investments in danger.
Plus500 and Etrade are both brokers that have forged their way successfully into the brokerage world. In this review, we've attempted to collate a number of the vital aspects of both Plus500 and Etrade. This review will help you to understand whether either Etrade or Plus500 is a good match for your investments or not. We've tried to breakdown all of the features and charges for your convenience.
Benefits of Plus500 and Etrade Compared
Plus500 offers a minimum deposit of $100 while Etrade offers a $100 minimum deposit.
Why smaller minimum deposits are good and how Plus500 and Etrade compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
Plus500 allows you to trade around 2,000 financial instruments while Etrade has around 2,000 financial instruments available.
The more instruments you can trade on the Plus500 and Etrade trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you should never want to miss out on a trading opportunity due to the limitations of Plus500 or Etrade.
Plus500 and Etrade Contact Details
Being able to contact a broker easily is important. Plus500 and Etrade have the following contact details and social medias that you can use.
Broker | Plus500 | Etrade |
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Telephone Number | +972 4-818-9503 | |
Address | Bldg 25 Matam, Haifa, Haifa, Israel | |
Plus500 Twitter Account | Etrade Twitter Account | |
Plus500 Facebook Page | Etrade Facebook Page | |
Plus500 Instagram Account | Etrade Instagram Account | |
Plus500 LinkedIn Page | Etrade LinkedIn Page | |
YouTube | Plus500 YouTube Channel | Etrade YouTube Channel |
Find Out More |
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Etrade and Plus500 Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing Plus500 and Etrade will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of both apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
Plus500 vs Etrade - Awards
Broker | Plus500 | Etrade |
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Awards |
Plus500 have won many industry awards over the years they have been operating as an online broker. We detail the most recognised awards for Plus500 below.
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At the time of writing this Etrade review, and despite Etrade’s impressive offering, the company has surprisingly not garnered any awards to date. |
Find Out More |
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Plus500 vs Etrade - Frequently Asked Questions
Plus500 vs Etrade - Headquarters And Year Of Founding
Plus500 was founded in 2008 and has its headquaters in Israel.
Etrade was founded in 2012 and has its headquaters in United States.
What is the minimum deposit for Etrade or Plus500
The minimum deposit for Plus500 is $100.
The minimum deposit for Etrade is $100.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Plus500 and Etrade are a good choice.
Plus500 vs Etrade - Regulation And Licencing In More Detail
Plus500 is regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546.
Etrade is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
Both Plus500 and Etrade have a powerful set of rules for ensuring fair trading onto their own platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their individual privacy regulations, customer data is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare Plus500 vs Etrade Commission And Fees
Plus500 and Etrade are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the companies of online trading platforms are scaled better. That is, an internet broker is not necessarily affected by the number of customers they have.
But this does not mean that online brokers don't charge any fees. They charge prices of varying rates for various services to make money. There are primarily 3 types of fees for this purpose.
The first sort of charges to keep an eye out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you're billed trading fees. In such cases, you are paying a spread, financing speed, or a commission. The sorts of trading charges and the rates differ from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the other hand, a spread denotes the gap between the buying and selling price. Funding or overnight prices are people who are billed when you hold a leveraged position for more than daily.
Aside from trading charges, online agents also bill non-trading fees. These are dependent on the activities you undertake on your accounts. They are charged for surgeries like depositing money, not investing for lengthy periods, or withdrawals.
In general, neither Plus500 or Etrade charge high fees in comparison to other online agents. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for those who regularly exchange, for example daily or weekly trading.
However, non-trading fees billed by Plus500 and Etrade are relatively competitive. As a result, you are billed more for non-trading actions on your trading accounts, such as withdrawal and deposits. These are not related to the purchase and sale of assets.
This Plus500 vs Etrade review for 2024 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For Plus500 And Etrade
What Languages Do Plus500 And Etrade Support?
Being able to communicate easily with your trading platform is a key part of comparing online brokers to find your perfect trading partner. Not only for support but to be sure you completely understand everything on their site and inside their app as it is a key part of success when trading online.
Here you will find all the languages that both Plus500 and Etrade support.
How Many Clients Do Plus500 and Etrade Have?
Both Plus500 and Etrade are well known and trusted. It is really important to work with a broker that is professional and one of the easiest ways of establishing this is by knowing how many clients are using their services.
Below you will find details of how many customers Plus500 and Etrade are active on their platform
What Payment Methods Do Plus500 and Etrade Accept?
Plus500 and Etrade both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at Plus500 and Etrade
What Can You Trade With Plus500 and Etrade?
Plus500 offers 2,000 trading instruments and Etrade offers 87.
Below you will find a full breakdown of what both Plus500 and Etrade offer.
Plus500 Review
Plus500 vs Etrade:
Table Of Contents
- Compare Plus500 vs Etrade
- Benefits of Plus500 and Etrade Compared
- Etrade and Plus500 Mobile App Comparison
- Plus500 vs Etrade - Awards
- Plus500 vs Etrade - Frequently Asked Questions
- What is the minimum deposit for Etrade or Plus500
- Plus500 vs Etrade - Regulation And Licencing In More Detail
- Compare Broker Fees For Plus500 And Etrade
- What Languages Do Plus500 And Etrade Support?
- How Many Clients Do Plus500 and Etrade Have?
- What Payment Methods Do Plus500 and Etrade Accept?
- What Can You Trade With Plus500 and Etrade?