Compare forex brokers Plus500 VS Etfinance

If you're choosing between Plus500 and Etfinance forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is Plus500 better than Etfinance? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

PLUS500 VS ETFINANCE

ETFinance
ETFinance Overview

ETFinance is a brand name of Magnum FX which is regulated by the Cyprus Securities and Exchange Commission the “CySEC” and offer a wide range of tradable assets across Forex, Stocks, Indices, Commodities and Cryptocurrencies on the MetaTrader trading platform for Desktop, Web and Mobile.

Plus500
Plus500 Overview

Plus500 is an LSE listed online CFD brokerage firm that offers multiple trading instruments across commodities, currencies, cryptos, indices and shares on CFD’s, with multiple regulations and competitive charges.

# Broker's Features PLUS500 Availability ETFINANCE Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare Plus500 vs Etfinance.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. Plus500 offers Online Financial Trading and Investment Services Such as Shares, Indices, Forex, Cryptocurrencycurrency and Commodities, while Etfinance offers Currencies, Commodities, Stocks, Cryptocurrency, Futures.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. Plus500 is Market Maker, while Etfinance is Dealing Desk.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Plus500 is regulated by FCA, CySEC, MAS, IE, ASIC, AFSL, FMA, FSP, while Etfinance regulated by CySEC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Account currencies: Next lets consider the Account currencies each broker offers. Plus500 offers USD different account currencies for each account types, while Etfinance offers account currencies.

Languages Available: Next lets have a look at each broker's different Language options. Plus500 offers English, French, Italian, Spanish, Portuguese, German, Dutch, Polish, Arabic, Hebrew, Danish, Norwegian, Czech, Slovak, Bulgarian, Chinese, while Etfinance offers English, Spanish Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. Plus500 offers Credit/Debit Cards, Bank Transfer, PayPal, Skrill different payment methods for each account types, while Etfinance offers Credit/Debit Cards, Bank Wire Transfer payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, Plus500 makes Proprietary, WebTrader available to clients, while Etfinance offers MT4.

The Verdict: Plus500 or Etfinance?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Plus500 is more reliable based on our criteria above. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. Plus500 broker is regulated in more major hubs. Plus500 offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. Plus500 has a wider range of languages in which customer service is offered making the broker more accessible. As a market maker, Plus500 may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically has larger capital and minimum trade requirements. Market makers typically have a lower minimum deposit, smaller minimum trade requirements and no commission on trades. Only Plus500 provides training and education resources which is extremely critical to beginner traders who may not be familiar with most of what goes on in the Forex markets.

What We Really Like on Plus500

Plus500 has a simple, easy to use trading platform, the mobile one is especially well designed. The account opening process is fully digital and seamless. Spreads are competitive, and Plus500 has some innovative solutions, such as cryptocurrency CFDs.

What We’d Like More on Plus500

Plus500 has limited product portfolio, provides only CFDs. It has high financing rates. Some standard research tools, like recommendations, fundamental data, or news feeds are missing from the Plus 500 platform.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.

Are you Satisfied with what They Offer?