Scores, winners and data below compare these brokers as CFD brokers: leveraged trading on forex, indices, commodities and crypto. Scores, winners and data below compare these brokers as stock brokers: real shares and ETFs you own outright.
eToro
61% of retail CFD accounts lose money. Below content does not apply to US users.
Plus500
CFD service. 82% of retail investor accounts lose money
Best for
What we compare A comparison of the kinds of traders eToro and Plus500 are best suited to, based on what each one actually offers in Nigeria.eToro is better than Plus500 for long-term investors and news traders, while Plus500 is better for professional traders. Both are a good fit for high-volume traders, swing traders and CFD stock traders.
| Overall score | eToro 79 Best 82 | Plus500 76 -3 not offered |
|---|---|---|
| Day trading i | ||
| Long-term investing i | ||
| Professional traders i | ||
| High-volume traders i | ||
| Scalpers i | ||
| Swing traders i | ||
| News traders i | ||
| Algo traders i | ||
| Stock traders i | ||
| Crypto traders i | ||
| Futures traders i | ||
| Options traders i |
Regulation
What we compare A comparison between the financial authorities that supervise eToro and the ones that supervise Plus500.eToro and Plus500 are both regulated by top-tier authorities, eToro by CySEC, ASIC (Australia) and the SEC (United States) and Plus500 by CySEC, ASIC (Australia) and the FCA (United Kingdom).
| Section score | eToro 100 100 | Plus500 100 not offered |
|---|---|---|
| Tier-1 regulators | ||
| ESMA (European Union) i | ||
| FCA (United Kingdom) i | ||
| ASIC (Australia) i | ||
| CFTC (United States) i | ||
| NFA (United States) i | ||
| SEC (United States) i | ||
| CIRO (Canada) i | ||
| MAS (Singapore) i | ||
| SFC (Hong Kong) i | ||
| JFSA (Japan) i | ||
| FINMA (Switzerland) i | ||
| Tier-2 regulators | ||
| FMA (New Zealand) i | ||
| CBR (Russia) i | ||
| FSCA (South Africa) i | ||
| DFSA (Dubai) i | ||
| CSRC (China) i | ||
| ISA (Israel) i | ||
| LFSA (Malaysia) i | ||
| JSC (Jordan) i | ||
| CMA (Kenya) i | ||
| Tier-3 regulators | ||
| FSA (Seychelles) i | ||
| MMA (Maldives) i | ||
| SCB (Bahamas) i | ||
| FSC (Mauritius) i | ||
| VFSC (Vanuatu) i | ||
| FSC (Belize) i | ||
| CIMA (Cayman Islands) i | ||
| SV FSA (Saint Vincent and the Grenadines) i | ||
| FSRC (St. Kitts & Nevis) i | ||
| BMA (Bermuda) i | ||
| BVI FSC (British Virgin Islands) i | ||
| EDR (External Dispute Resolution) i | ||
Safety
What we compare A comparison of the tools and services that eToro and Plus500 have in place to protect your money in Nigeria.eToro and Plus500 both offer segregated client funds and two-factor authentication.
| Section score | eToro 72 72 | Plus500 72 not offered |
|---|---|---|
| Company info | ||
| Is it publicly traded i | ||
| Is it a bank i | ||
| Year founded i | 2007 | 2008 |
| Parent company i | eToro Group Ltd. | Plus500 Ltd. |
| CEO i | Yoni Assia | David Zruia |
| Money safety | ||
| Segregated client funds i | ||
| Two-factor authentication i | ||
| Investor compensation scheme i | ||
| Additional money insurance i | ||
| Partner bank i | BNY Mellon, EquiLend | N/A |
| Brand power | ||
| Number of customers worldwide i | 3,610,000 | 30,000,000 |
| Annual revenue i | USD 1,340,000,000 | USD 768,300,000 |
| Monthly website search traffic i | 13.2M monthly visits | |
Costs
What we compare A comparison of what it costs to trade with eToro and with Plus500 in Nigeria, both on each trade and on holding the account.Plus500 is better than eToro for CFD costs, given that Plus500 is cheaper on EUR/USD, at 8 USD per lot (against eToro's 11.6 USD), has tighter S&P 500 CFD spreads, at 0.7 points (against eToro's 1.08 points), and has tighter gold CFD spreads, at 0.75 points (against eToro's 0.88 points). Neither eToro nor Plus500 charges account maintenance fees or deposit fees.
There is no like-for-like comparison for real stock costs, as Plus500 is a CFD broker and does not offer real stocks.
| Section score | eToro 52 -17 79 | Plus500 69 Best not offered |
|---|---|---|
| Broker fees | ||
| Deposit fees i | ||
| Withdrawal fees i | ||
| Overnight fees i | ||
| Inactivity fees i | ||
| Currency conversion fees i | ||
| Discounts on volume i | ||
| Real time market data fee i | ||
| Dividend withholding i | ||
| Account opening fees i | ||
| Account maintenance fee i | ||
| Portfolio management fee i | ||
| Fees on CFDs | ||
| Forex commission per lot i | Free | Free |
| EUR/USD average standard spread i | ||
| EUR/USD average raw spread i | ||
| EUR/USD average fixed spread i | ||
| EUR/USD total cost per lot i | USD 11.6 | USD 8 |
| S&P 500 fees (CFD) i | 1.08 points | 0.7 points |
| Gold fees (CFD) i | 0.88 points | 0.75 points |
| Bitcoin fees (CFD) i | USD 1,585.8 | USD 118.34 |
| US stocks fees (CFD) i | Free | |
| Fees on stocks | ||
| Stock fee type i | Commission | Spread |
| US stocks fees (real) i | USD 2 | |
| ETF fees (real) i | Free | |
| Management costs i | ||
| Connection costs i | ||
| Fees on futures | ||
| Futures fees per contract i | ||
| Platform fees i | ||
| Fees on options | ||
| Options fees per contract i | ||
| Event fees i | ||
| Fees on savings plans | ||
| IRA opening fee i | ||
| IRA maintenance fee i | ||
| 401k opening fee i | ||
| 401k maintenance fee i | ||
Available markets
What we compare A comparison of the markets and products you can trade with eToro and with Plus500 in Nigeria, and of how many instruments each one gives access to.eToro is better than Plus500 for CFD markets, because eToro gives access to 5,461 tradable symbols (against Plus500's 2,800), and lets you own crypto, ETFs and stocks outright, which Plus500 does not. Both eToro and Plus500 offer CFDs on commodities, crypto, forex, indices and stocks.
There is no like-for-like comparison for real stock markets, as Plus500 is a CFD broker and does not offer real stocks.
| Section score | eToro 85 Best 55 | Plus500 75 -10 not offered |
|---|---|---|
| Total tradable symbols i | 5,461 | 2,800 |
| Currency pairs i | ||
| Indices i | ||
| Commodities i | ||
| Stocks i | ||
| ETF i | ||
| Cryptocurrencies i | ||
| Bonds i | ||
| Interest rates i | ||
| Portfolios i | ||
| CFDs i | Commodities, Crypto, Forex, Indices, Stocks | Commodities, Crypto, Forex, Indices, Stocks |
| Futures i | ||
| Options i | ||
| Assets you can own i | Crypto, ETF, Stocks |
Platform
What we compare A comparison of the trading platforms that eToro and Plus500 make available to their clients in Nigeria.eToro is better than Plus500 for platforms, since eToro offers social trading and copy trading, which Plus500 does not. eToro and Plus500 both offer a proprietary platform and one-click trading.
eToro and Plus500 cannot be set side by side for platforms, as Plus500 is a CFD broker and does not offer real stocks, unlike eToro.
| Section score | eToro 84 Best 84 | Plus500 72 -12 not offered |
|---|---|---|
| Proprietary platform i | ||
| MetaTrader 4 i | ||
| MetaTrader 5 i | ||
| cTrader i | ||
| Social trading platform i | ||
| Copy trading platform i | ||
| ZuluTrade i | ||
| TradingView i | ||
| Duplitrade i | ||
| Mirror Trader i | ||
| NinjaTrader i | ||
| AutoChartist i | ||
| Real time pricing i | ||
| 5 digit pricing i | ||
| One-click trading i |
Mobile
What we compare A comparison of the mobile apps of eToro and Plus500 in Nigeria, and of what each one lets you do from your phone.eToro is better than Plus500 for mobile trading, given that eToro offers a social trading app, a copy trading app and mobile trading signals, which Plus500 does not. Both eToro and Plus500 offer a proprietary mobile app and mobile price alerts.
Only eToro can be assessed for mobile trading, since Plus500 is a CFD broker and does not offer real stocks.
| Section score | eToro 87 Best 87 | Plus500 80 -7 not offered |
|---|---|---|
| Proprietary app i | ||
| Social trading app i | ||
| Copy trading app i | ||
| MetaTrader 4 app i | ||
| MetaTrader 5 app i | ||
| cTrader app i | ||
| Mobile trading signals i | ||
| Mobile alerts i | ||
| Mobile charting tools i | ||
| Mobile drawing tools i | ||
| Mobile watchlist i | ||
| Smartwatch app i |
Trading features
What we compare A comparison of the trading tools and strategies that eToro and Plus500 allow on their platforms in Nigeria.Plus500 is better than eToro for CFD trading features, as Plus500 offers guaranteed stop losses and API access, which eToro does not. Both eToro and Plus500 offer negative balance protection and trailing stops.
eToro and Plus500 cannot be set side by side for real stock trading features, as Plus500 is a CFD broker and does not offer real stocks, unlike eToro.
| Section score | eToro 60 -12 76 | Plus500 72 Best not offered |
|---|---|---|
| Trade execution | ||
| Broker type i | Agency | Agency |
| Average execution time i | ||
| Slippage occurrence i | ||
| Requotes occurrence i | ||
| Tier-1 liquidity providers i | ||
| PFOF i | ||
| Leverage | ||
| Major FX pairs leverage i | 400:1 | 300:1 |
| Minor/Exotic FX pairs leverage i | 50:1 | 300:1 |
| Major indices leverage i | 100:1 | 150:1 |
| Minor indices leverage i | 10:1 | 150:1 |
| Gold leverage i | 100:1 | 250:1 |
| Commodities leverage i | 100:1 | 150:1 |
| Equities leverage i | 20:1 | 20:1 |
| Cryptocurrency leverage i | 30:1 | 5:1 |
| Risk management | ||
| Stop losses i | ||
| Take profits i | ||
| Limit orders i | ||
| Trailing stop i | ||
| Margin call i | ||
| OCO orders i | ||
| Guaranteed stop loss i | ||
| Negative balance protection i | ||
| Minimum trade size (FX) i | 0.01 lots | 0.01 lots |
| Minimum trade size (stocks) i | USD 10 | USD 0 |
| Fractional stocks i | ||
| Trading compliance | ||
| Scalping strategies allowed i | ||
| Hedging strategies allowed i | ||
| Automated trading strategy allowed i | ||
| EAs use allowed i | ||
| HFT strategy allowed i | ||
| VPS use allowed i | ||
| API use allowed i | ||
| Price scraping allowed i | ||
| FIFO rule applies i | ||
Account types
What we compare A comparison of the kinds of account you can open at eToro and at Plus500 in Nigeria, and of who each one is meant for.eToro and Plus500 are equally good for CFD account types, as eToro offers a corporate account while Plus500 offers an Islamic account and a swap-free account. eToro and Plus500 both offer a demo account and a professional traders account.
eToro and Plus500 cannot be set side by side for real stock account types, as Plus500 is a CFD broker and does not offer real stocks, unlike eToro.
| Section score | eToro 48 -3 74 | Plus500 51 not offered |
|---|---|---|
| Demo account i | ||
| Unlimited demo account i | ||
| Standard account i | ||
| Micro account i | ||
| Cent account i | ||
| Nano account i | ||
| Raw spread account i | ||
| ECN account i | ||
| Swap-free account i | ||
| Islamic account i | ||
| Professional traders account i | ||
| Fixed spread account i | ||
| Spread betting account i | ||
| Copy trading account i | ||
| Corporate account i | ||
| Managed account i | ||
| Stock investing account i | ||
| Margin investing account i | ||
| Savings account i | ||
| Retirement account i |
Account opening
What we compare A comparison of what it takes to open and fund an account with eToro and with Plus500 in Nigeria.Plus500 is better than eToro for account opening, since Plus500 offers 3 account base currencies (against eToro's 1), has no minimum withdrawal (against eToro's 30 USD), and credits deposits faster, within 1 day (against eToro's 5 days). Both require a minimum deposit of 100 USD.
Only eToro can be assessed for account opening, since Plus500 is a CFD broker and does not offer real stocks.
| Section score | eToro 69 -3 69 | Plus500 72 Best not offered |
|---|---|---|
| Minimum deposit i | USD 100 | USD 100 |
| Minimum withdrawal i | USD 30 | USD 0 |
| Wire transfers i | ||
| Credit cards i | ||
| Debit cards i | ||
| eWallets i | Neteller, Skrill | PayPal, Skrill |
| Local payment methods i | ||
| Account base currencies i | USD | AUD, EUR, USD |
| Deposit waiting time i | up to 5 business days | up to 1 business days |
| Withdrawal waiting time i | up to 7 business days | up to 1 business days |
| Bonus program i |
Customer care
What we compare A comparison of the customer support of eToro and Plus500 in Nigeria, in how it can be reached and how fast it answers.eToro is better than Plus500 for customer care, as eToro offers a dedicated account manager and priority support, which Plus500 does not. eToro and Plus500 both offer live chat and email support.
There is no like-for-like comparison for customer care, as Plus500 is a CFD broker and does not offer real stocks.
| Section score | eToro 69 Best 69 | Plus500 58 -11 not offered |
|---|---|---|
| Number of languages supported i | 7 | 29 |
| Website languages i | Arabic, German, English, French, Italian, Spanish, Chinese | Arabic, Bulgarian, Czech, Danish, German, English, Estonian, Finnish, French, Hebrew, Croatian, Hungarian, Icelandic, Latvian, Lithuanian, Maltese, Malay, Dutch, Norwegian, Polish, Portuguese, Romanian, Russian, Slovak, Slovenian, Spanish, Swedish, Turkish, Chinese |
| Website available in English i | ||
| Customer support languages i | Arabic, German, English, French, Italian, Spanish, Chinese | Arabic, Bulgarian, Czech, Danish, German, English, Estonian, Finnish, French, Hebrew, Croatian, Hungarian, Icelandic, Latvian, Lithuanian, Maltese, Malay, Dutch, Norwegian, Polish, Portuguese, Romanian, Russian, Slovak, Slovenian, Spanish, Swedish, Turkish, Chinese |
| Customer support in English i | ||
| Call back request i | ||
| Email support i | ||
| Phone support i | ||
| Live chat i | ||
| Priority customer support i | ||
| Dedicated account manager i | ||
| Cash sweep i | ||
| Stock lending i | ||
| Distributes proceeds i | ||
| Tax withholding agent i | ||
| Tax assistance i |
Learning
What we compare A comparison of the educational material that eToro and Plus500 provide to their clients in Nigeria.eToro is better than Plus500 for learning, since eToro offers professional reports, daily market commentary and an economic calendar, which Plus500 does not. eToro and Plus500 both offer education for advanced traders and webinars.
Plus500 does not offer real stocks, being a CFD broker, so eToro and Plus500 cannot be compared for learning.
| Section score | eToro 100 Best 100 | Plus500 75 -25 not offered |
|---|---|---|
| Education | ||
| Education center i | ||
| Education for beginners i | ||
| Education for advanced traders i | ||
| Webinars i | ||
| Tutorials i | ||
| Glossary i | ||
| Research | ||
| Economic calendar i | ||
| Traders' sentiment i | ||
| Daily market commentary i | ||
| Daily trading ideas i | ||
| News via social media i | ||
| Professional reports i | ||
| Watchlist i | ||
eToro vs Plus500: which one should you choose?
CFD Choose eToro, regulated by the SEC and the FCA, if you want an online CFD broker with a wide choice of markets and copy and social trading.
Stocks Choose eToro if you want a share dealing service for long-term investing, with copy and social trading.
Open Account 61% of retail CFD accounts lose money. Below content does not apply to US users.CFD Choose Plus500, regulated by CySEC and ASIC, if you want a CFD and forex broker with low trading costs, fast withdrawals and a guaranteed stop loss.
Open Account CFD service. 82% of retail investor accounts lose moneyOther popular comparisons
Below are other head-to-head comparisons that include eToro or Plus500, each scored with the same data and method as this page.