AvaTrade vs Plus500 – a Detailed Side-by-Side Comparison of two Highly regulated and trusted Forex Brokers in South Africa.
| 🔎 Broker | 🥇 Avatrade | 🥈 Plus500 |
| 🔄 General comparison | 4/5 | 4/5 |
| 🏛️ Regulation | 4/5 | 4/5 |
| 📊 Spreads and fees | 4/5 | 4/5 |
| 📈 Trading Platforms | 5/5 | 3/5 |
| 📱 Trading Apps | 5/5 | 4/5 |
| 🛠️ Analytical Tools | 4/5 | 4/5 |
| 🎓 Educational Resources | 5/5 | 3/5 |
| ⭐ Trust Score | 93 | 99 |
Min Deposit
USD 100
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
Trading Platform
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Avatrade vs Plus500 – Key Point Quick Overview
- ☑️ AvaTrade Quick Overview
- ☑️ Plus500 Quick Overview
- ☑️ Overall Broker Comparison
- ☑️ Regulation Comparison
- ☑️ Assets Comparison
- ☑️ Fees Comparison
- ☑️ Account Types Comparison
- ☑️ Trading Conditions Comparison
- ☑️ Deposit Options Comparison
- ☑️ Trading Platforms Comparison
- ☑️ Educational Resources Comparison
- ☑️ In Conclusion
- ☑️ Our Findings
- ☑️ Frequently Asked Questions
AvaTrade Quick Overview
AvaTrade was established as a company in 2006, and since then, it has grown to become one of the most successful trading brokers in the world. AvaTrade has more than 300,000 clients that are enrolled with the platform, and on average, more than 3 million transactions are performed each month.
Furthermore, it welcomes customers from all around the globe and provides traders of all skill levels and experience levels access to global markets via a variety of online and standalone trading platforms. Moreover, they provide a comprehensive selection of trading products, making them accessible to traders of all experience levels.
AvaTrade provides access to a comprehensive collection of free instructional resources, trading tools, and copy trading platforms in the shapes of DupliTrade and ZuluTrade.
Plus500 Quick Overview
Plus500 was established in 2008 and is recognized as one of the most successful CFD provider firms in the world, provides customers in more than 50 countries with access to a comprehensive selection of goods. The spreads offered by the Plus500 are among the lowest in the industry.
Clients may make and monitor trades using the company’s simplified WebTrader platform as well as equivalent mobile trading applications for iPhone, iPad, and Android devices. These apps are available for download from the company’s website. All the features that are accessible in the desktop version of the Plus500 program are also included in the mobile versions.
Traders using Android, iOS, or Windows 10 may access the whole product catalog, account data, conditional orders, and charting (complete with technical indicators) offered by Plus500.
Overall Broker Comparison
| 🔎 Broker | 🥇 Avatrade | 🥈 Plus500 |
| 🔄 General comparison | 4/5 | 4/5 |
| 🏛️ Regulation | 4/5 | 4/5 |
| 📊 Spreads and fees | 4/5 | 4/5 |
| 📈 Trading Platforms | 5/5 | 3/5 |
| 📱 Trading Apps | 5/5 | 4/5 |
| 🛠️ Analytical Tools | 4/5 | 4/5 |
| 🎓 Educational Resources | 5/5 | 3/5 |
| ⭐ Trust Score | 93 | 99 |
Regulation Comparison
| 🔎 Broker | 🥇 Avatrade | 🥈 Plus500 |
| 🔄 General comparison | 4/5 | 4/5 |
| 🏛️ Regulation | 4/5 | 4/5 |
| 📊 Spreads and fees | 4/5 | 4/5 |
| 📈 Trading Platforms | 5/5 | 3/5 |
| 📱 Trading Apps | 5/5 | 4/5 |
| 🛠️ Analytical Tools | 4/5 | 4/5 |
| 🎓 Educational Resources | 5/5 | 3/5 |
| ⭐ Trust Score | 93 | 99 |
Our Findings
AvaTrade is regulated by various financial bodies globally, including the European Union, Australia, Japan, South Africa, and the British Virgin Islands. Plus500 on the other hand holds regulations in Australia, New Zealand, Singapore, and Dubai. Both Brokers are some of the highest regulated Forex and CFDs Brokers available in the industry to date.
Assets Comparison
| 🔎 Broker | 🥇 Avatrade | 🥈 Plus500 |
| 📈 Forex | ✅Yes | ✅Yes |
| 📉 CFDs | ✅Yes | ✅Yes |
| 🍎 Commodities | ✅Yes | ✅Yes |
| 📊 ETFs | ✅Yes | ✅Yes |
| 💹 Indices | ✅Yes | ✅Yes |
| 📌 Options | ✅Yes | ✅Yes |
| 💎 Precious Metals | ✅Yes | ✅Yes |
| 💡 Energies | ✅Yes | ✅Yes |
| 📍 Individual Shares | ✅Yes | ✅Yes |
| 🪙 Cryptocurrency CFDs | ✅Yes | ✅Yes |
Our Findings
When compared, both AvaTrade and Plus500 have an impressive Asset List. Assets offered by both Brokers include Forex, CFDs, Commodities, Indices and, Options.
Fees Comparison
| 🔎 Broker | 🥇 Avatrade | 🥈 Plus500 |
| 📈 Average Spread (from) | 0.9 pips | Variable |
| 📉 Market Maker Execution | ✔️ Yes | ✔️ Yes |
| 📊 Inactivity Fee | ✔️ Yes | ✔️ Yes |
| 💹 Currency Conversion Fees | ✔️ Yes | ✔️ Yes |
Our Findings
Both AvaTrade and Plus500 have a minimum deposit requirement of 100 USD, which makes it easier for traders to get started in the forex and CFD markets. Neither AvaTrade nor Plus500 charges any fees on deposits and withdrawals.
Account Types Comparison
| 🔎 Broker | 🥇 Avatrade | 🥈 Plus500 |
| 1️⃣ Standard Account | ✅Yes | ✅Yes |
| 2️⃣ Commission-Free Account | ✅Yes | ✅Yes |
| 3️⃣ Demo Account | ✅Yes | ✅Yes |
| 4️⃣ Islamic/Swap-Free Account | ✅Yes | None |
| 5️⃣ Managed Accounts | ✅Yes | None |
Our Findings
When compared, AvaTrade takes the lead with access to Commission Free, Islamic Swap-Free, and Managed Accounts. Plus500 does provide a Demo option, but, no Swap-Free option is available.
Trading Conditions Comparison
| 🔎 Broker | 🥇 Avatrade | 🥈 Plus500 |
| 📈 Hedging | ✅Yes | None |
| 📉 Scalping | ✅Yes | None |
| 📊 Dynamic Leverage | None | None |
| 💹 Beginner Trading | ✅Yes | None |
| 📌 Professional Trading | ✅Yes | ✅Yes |
Our Findings
AvaTrade is the top choice when it comes to Trading Conditions. AvaTrade offers access to Hedging and Scalping, whereas Plus500 does not.
Deposit Options Comparison
| 🔎 Broker | 🥇 Avatrade | 🥈 Plus500 |
| 💴 Bank wire | ✅Yes | ✅Yes |
| 💶 MasterCard | ✅Yes | ✅Yes |
| 💵 PayPal | ✅Yes | ✅Yes |
| 💷 Skrill | ✅Yes | ✅Yes |
| 💴 Neteller | ✅Yes | ✅Yes |
Our Findings
When compared, AvaTrade and Plus500 are a tie in regards to Deposit Options offered, Available methods include Bank Wire Transfer, MasterCard, and, PayPal.
Trading Platforms Comparison
| 🔎 Broker | 🥇 Avatrade | 🥈 Plus500 |
| 💻 Desktop Platform | ✅Yes | None |
| 📱 Mobile App | ✅Yes | ✅Yes |
| 🥰 Social Trading | ✅Yes | None |
| 4️⃣ MetaTrader 4 | ✅Yes | None |
| 5️⃣ MetaTrader 5 | ✅Yes | None |
| ©️ cTrader | None | None |
| ⚙️ DupliTrade | ✅Yes | None |
| 🖱️ ZuluTrade | ✅Yes | None |
Our Findings
Both AvaTrade and Plus500 offer proprietary trading platforms, but only AvaTrade offers additional third-party software. Plus500 only offers a web and mobile-based proprietary trading platform, which means that AvaTrade offers a superior trading platform.
Educational Resources Comparison
| 🔎 Broker | 🥇 Avatrade | 🥈 Plus500 |
| 🎓 Offers Education | ✅Yes | ✅Yes |
| ✏️ Webinars | ✅Yes | ✅Yes |
| 📔 Beginner training videos | ✅Yes | None |
| 📚 Advanced training videos | ✅Yes | ✅Yes |
| 📒 Tutorials | ✅Yes | ✅Yes |
| 📑 eBooks | ✅Yes | ✅Yes |
Our Findings
When compared, AvaTrade is a step ahead with additional educational resources offered to Beginners whereas Plus500 is largely focused on professional traders.
In Conclusion
AvaTrade and Plus500 have proven to be excellent Broker choices with impressive all-round offerings. Moreover, it is suited to all levels of Traders in South Africa.
Min Deposit USD 100 Regulators CySEC, FCA, MAS, FSA, ASIC, FMA, FSCA Trading Platform WebTrader Crypto Yes (Availability subject to regulations) Total Pairs 70+ Islamic Account No Trading Fees Low Account Activation 24 Hours
Our Findings
While comparing AvaTrade and Plus500 we have found that each broker has its list of Benefits, ranging from multiple account types to multilingual customer support. Selecting the Best Forex Broker will depend on a trader’s individual trading needs.
You might also like: AvaTrade Review
You might also like: Plus500 Review
Frequently Asked Questions
Do AvaTrade and Plus500 offer MetaTrader?
AvaTrade offers both MetaTrader 4 and 5 on the web, mobile, and desktop but Plus500 only offers its in-house trading platform on web browsers and mobile devices.
How many Forex pairs can I expect?
AvaTrade offers a choice between over 50 forex pairs (minor, major, and exotic) while Plus500 offers roughly 70 forex pairs.
Is it safe to trade with AvaTrade?
AvaTrade is regulated by various financial bodies globally, including the European Union, Australia, Japan, South Africa, and the British Virgin Islands.
Is Plus500 a trusted provider?
Plus500 is a trusted provider that offers additional security measures such as biometric verification for its mobile applications. There is also a timer that automatically locks users out of mobile and web-based applications after a certain time during which they have not used such programs.
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