Are you tired of scrolling through endless pages of Australian online trading platforms, wondering which one is right for you?
Well, sit back, grab a cup of your favorite trading fuel, and let’s dive into the wild world of eToro and Plus500. These two heavy hitters have been dominating the online trading scene, but which one will come out on top as the champion of your trading journey?
Both eToro and Plus500 accept traders from Australia.
Let’s find out as we compare and contrast these two platforms in a witty, informative, and most importantly, entertaining manner!
| Feature | eToro | Plus500 |
|---|---|---|
| Headquarter | Cyprus | Israel |
| Regulation | CySEC, FCA, ASIC | FCA, ASIC, CySEC |
| AUD Accounts | No | Yes |
| Minimum Deposit | $200 | $100 |
| Maximum Leverage | 30:1 | 30:1 |
| Spreads | Variable | Fixed |
| Demo Account | Yes | Yes |
| Customer Support | 24/7 Live Chat, Email, Phone | 24/7 Live Chat, Email |
Key Features
eToro Australia
eToro is the platform that’s got the trading world talking! This platform is fully packed with features that’ll have you trading like a pro in no time.
Let’s start with the crowd-pleaser, the copy trading function. You can copy the trades of the big dogs and learn from the best without having to take all the knocks yourself.
It’s like having a personal trading mentor, without the hefty fee.
Next up, the eToro Academy. This is where eToro shines like a diamond in the rough. It’s a treasure trove of educational resources that’ll have you trading like a seasoned veteran in no time. From basic trading concepts to advanced strategies, the eToro Academy has got you covered. It’s like having a PhD in trading, without the student debt.
Last but certainly not least, the smart portfolios. This feature is for the passive traders among us who want to sit back, relax and watch the market grow. Simply choose a portfolio that fits your risk appetite, and eToro’s professional portfolio managers will do the rest. It’s like having a personal financial advisor, without the high-end fees.
So there you have it folks, eToro is the platform that’s got it all! With its innovative features, focus on education, and commitment to making trading accessible to everyone, eToro is the perfect platform for new and experienced traders alike. So what are you waiting for? Join the eToro party and start trading like a pro today.
Plus500 Australia
One of the standout features of Plus500 is its clean and user-friendly interface, making it a great option for both experienced traders and those just starting out.
With real-time alerts, traders can stay on top of market movements and quickly make informed trading decisions.
In addition, Plus500 offers a comprehensive economic calendar, providing traders with a comprehensive view of upcoming market events and their potential impact. This is an essential tool for those looking to trade based on market news and events.
For those looking to enhance their trading knowledge and skills, Plus500’s Trading Academy provides a range of educational resources, including tutorials, webinars, and market insights.
This is a valuable resource for traders of all levels, from beginners to seasoned pros.
| Feature | eToro | Plus500 |
|---|---|---|
| Trading signals | Yes | Yes |
| Mobile alerts | Yes | Yes |
| Web-based trading | Yes | Yes |
| Mobile trading | Yes | Yes |
Security and Trustworthiness
Both trading platforms are regulated in multiple jurisdictions.
| Regulation | eToro | Plus500 |
|---|---|---|
| ASIC (Australian Securities and Investments Commission) | Registration No: 491139 | Registration No: 460909 |
| CySEC (Cyprus Securities and Exchange Commission) | Registration No: 109/10 | Registration No: 250/14 |
| FCA (Financial Conduct Authority) | Registration No: 583263 | Registration No: 509909 |
AUD Payment Methods
Both brokers offer deposit in Australian Dollar. These are the payment options with AUD:
| Payment Method | eToro | Plus500 | Info |
|---|---|---|---|
| Credit/Debit Cards | Accepted | Accepted | Visa or MasterCard only |
| PAYPAL | Accepted | Accepted | – |
| POLi | Accepted | Not Accepted | – |
| Electronic Wallets (Skrill) | Not Accepted | Accepted | – |
| Bank Transfer | Not Accepted | Accepted | – |
eToro vs Plus500 – Which One Is The Best?
The choice between eToro and Plus500 ultimately comes down to the individual trader’s preferences and needs. Both accept traders from Australia.
eToro is the better option for those who prioritize social and copy trading features, as well as a comprehensive educational platform. The ability to copy other successful traders and access the eToro Academy provides a unique trading experience for beginner and experienced traders alike.
Plus500, on the other hand, is the better option for those who are looking for a more traditional online trading platform with a focus on simplicity and a wide range of instruments to trade. The fact that it accepts bank transfers, offers tighter spreads, and has a well-established reputation in the industry make it a great choice for more experienced traders.
In conclusion, both eToro and Plus500 have their strengths and weaknesses, and the best choice will depend on the individual trader’s preferences and goals. It’s recommended to try out both demo accounts.