Written by ForexBrokers.com
In this head to head comparison of Plus500 vs iFOREX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Plus500, founded in 2008, and iFOREX, established in 1996, are both well-known online brokers. While neither is a bank, Plus500 stands out as a publicly traded company, unlike iFOREX. In terms of regulatory standing, Plus500 holds an impressive number of six Tier-1 licenses, known for their high level of trust, and three Tier-2 licenses. This has culminated in an exceptional Trust Score of 99 by ForexBrokers.com, categorizing Plus500 as a highly trusted broker.
In comparison, iFOREX holds one Tier-1 license without any Tier-2 licenses, reflecting its ForexBrokers.com Trust Score of 75. This positions iFOREX within the average risk range according to the same ratings. For traders seeking a broker with a robust regulatory framework and higher trust score, Plus500 appears to be the more attractive choice.
| Feature |
Plus500
|
iFOREX
|
|---|---|---|
| Year Founded | 2008 | 1996 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 6 | 1 |
| Tier-2 Licenses | 3 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
Plus500 earns 4.0/5 stars and ranks 24th out of 63 brokers for commissions and fees, according to ForexBrokers.com. Its pricing is slightly above the industry average and trails the best active-trader pricing (see IG or Saxo). For EUR/USD, Plus500’s average spread was 1.5 pips in April 2024, which is higher than the industry average. There are no retail discounts, but qualified Professional clients may receive cash rebates.
iFOREX provides less transparency on costs—average spread data is not available—so side‑by‑side comparison is limited. It holds a 3/5 star rating and ranks 62nd out of 63 brokers for commissions and fees. In short, Plus500 rates higher for overall pricing than iFOREX, though active retail traders looking for the sharpest costs may still consider low‑cost leaders such as IG or Saxo.
| Feature |
Plus500
|
iFOREX
|
|---|---|---|
| Minimum Deposit | €50 | $100 |
| Average spread (EUR/USD) - Standard account | 1.3 | N/A |
| All-in Cost EUR/USD - Active | 1.3 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Plus500 vs iFOREX: both let you trade forex via CFDs and both support cryptocurrency CFDs (neither broker sells actual crypto). Plus500 offers a far wider range of markets overall, with about 5,500 tradeable symbols versus iFOREX’s 750. iFOREX, however, lists more forex pairs (88) than Plus500 (65). Plus500 also stands out by letting eligible clients buy real, exchange‑traded shares on both U.S. and international stock exchanges, while iFOREX does not. Neither broker offers copy trading.
For Range of Investments, Plus500 earns 4.5 out of 5 stars and ranks #22 of 63 brokers at ForexBrokers.com, compared with iFOREX at 3.5 stars and #42 of 63. In short: choose Plus500 if you want more markets and access to real shares; pick iFOREX if your focus is mainly on forex pairs.
| Feature |
Plus500
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 750 |
| Forex Pairs (Total) | 65 | 88 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
In this Plus500 vs iFOREX platform comparison, both brokers offer proprietary, web-based trading platforms and neither provides a Windows desktop download, copy trading, or MetaTrader (MT4/MT5) support. A key difference is practice trading: Plus500 offers a free virtual demo account, while iFOREX does not. Another distinction is chart trading: iFOREX lets you place trades directly from a chart, whereas Plus500 does not.
For Trading Platforms and Tools, Plus500 is rated 4.5/5 and ranks #14 out of 63 brokers at ForexBrokers.com, while iFOREX is rated 4/5 and ranks #55. If you want to practice risk-free before funding an account, Plus500 stands out. If placing orders right from charts matters more, iFOREX has that feature. Both remain accessible in a browser with in-house platforms built for straightforward use.
| Feature |
Plus500
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | No | No |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | No |
| MetaTrader 5 (MT5) | No | No |
| Charting - Indicators / Studies (Total) | 115 | 57 |
| Charting - Trade From Chart | No | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Plus500 and iFOREX both offer iPhone and Android trading apps. If you want price alerts and watchlist syncing between your phone and online account, Plus500 provides both, while iFOREX does not. That means Plus500 can notify you about market moves and keep your saved symbols consistent across devices.
For charting, Plus500 includes 115 technical studies and supports drawing trendlines; iFOREX does not list any studies and does not support trendlines. Neither app auto-saves chart drawings. In independent ratings, Plus500 scores 4.5 stars and ranks #14 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while iFOREX earns 4 stars and ranks #56. If alerts, synced watchlists, and deeper charting matter to you, Plus500 is the more feature-rich pick; iFOREX may suit simpler needs.
| Feature |
Plus500
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 115 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | No | No |
Dive deeper: Best Forex Trading Apps.
Plus500 and iFOREX both cover the essentials for market research: each offers daily market commentary, an economic calendar, Trading Central tools for analysis, and sentiment data showing the share of long and short positions. Neither broker streams forex news from top-tier wires like Bloomberg, Reuters, or Dow Jones, and neither integrates Autochartist.
When it comes to third‑party research add‑ons, Plus500 does not include TipRanks or Acuity Trading; iFOREX does not indicate TipRanks or Acuity Trading integrations. Based on ForexBrokers.com’s scores, Plus500 earns 4.0 stars for Research and ranks #19 out of 63 brokers, while iFOREX earns 3.5 stars and ranks #49. In short, Plus500 has a stronger overall research score, while iFOREX offers similar core tools if you don’t need premium news feeds or extra plug‑ins.
| Feature |
Plus500
|
iFOREX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | No | No |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners comparing Plus500 and iFOREX, both brokers deliver plenty of entry-level learning with at least 10 beginner video lessons on trading topics. A key difference is live learning: Plus500 runs online client webinars at least once a month, while iFOREX does not. That makes Plus500 more appealing if you prefer real-time guidance alongside on-demand videos.
If you plan to grow beyond the basics, Plus500 also offers at least 10 advanced videos for more experienced traders, whereas iFOREX doesn’t meet that same advanced volume. Reflecting this depth, Plus500 earns a 4.0/5 Education rating and ranks 31st out of 63 brokers on ForexBrokers.com, compared with iFOREX at 3.5/5 and rank 53. In short: both can get you started, but Plus500 provides a more extensive path as your skills develop.
| Feature |
Plus500
|
iFOREX
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Plus500 is better than iFOREX. Plus500 finished with an overall rank of #14, while iFOREX finished with an overall rank of #52.
Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to a thorough selection of CFDs. Share trading is available, but only via its Plus500 Invest product offering.
| Feature |
Plus500
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iFOREX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 75 |
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In the Plus500 vs iFOREX comparison, neither broker allows buying actual delivered cryptocurrencies, but both offer cryptocurrency CFD trading.
Plus500 vs iFOREX deposits and withdrawals: Plus500 does not support ACH or SEPA but does support PayPal, Skrill, and bank wire transfers (Visa/Mastercard not specified), while iFOREX also does not support ACH or SEPA and provides no specified information for PayPal, Skrill, Visa/Mastercard, or bank wire transfers.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Plus500 | iFOREX | |
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| Trust Score | 99 | 75 | |
| Winner | check_circle | ||
| Review | Plus500 Review |
| Broker Screenshots | Plus500 | iFOREX | |
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| Broker Gallery (click to expand) |
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| Regulation | Plus500 | iFOREX | |
|---|---|---|---|
| Trust Score | 99 | 75 | |
| Year Founded | 2008 | 1996 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 6 | 1 | |
| Tier-2 Licenses | 3 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | Plus500 | iFOREX | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Plus500 | iFOREX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Plus500 | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 750 | |
| Forex Pairs (Total) | 65 | 88 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | Plus500 | iFOREX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.3 | N/A | |
| All-in Cost EUR/USD - Active | 1.3 | N/A | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Plus500 | iFOREX | |
|---|---|---|---|
| Minimum Deposit | €50 | $100 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | Plus500 | iFOREX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | No | |
| MetaTrader 5 (MT5) | No | No | |
| cTrader | No | No |
| Trading Tools | Plus500 | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Price Alerts | Yes | No | |
| Charting - Indicators / Studies (Total) | 115 | 57 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | Plus500 | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | No | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 115 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | No | No | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | Plus500 | iFOREX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | No | |
| Trading Central | Yes | Yes | |
| TipRanks | No | ||
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Plus500 | iFOREX | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Plus500 | iFOREX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Plus500 Review |
| Overall | Plus500 | iFOREX | |
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| Trust Score | 99 | 75 | |
| Winner | check_circle | ||
| Review | Plus500 Review |
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