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IG vs Plus500 2019

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Is IG Group better than Plus500? After scoring forex brokers on nearly 100 different variables, IG Group is better than Plus500. Regulated and trusted across the globe, IG offers traders an extensive list of tradable products, excellent trading and research tools, industry leading education, and competitive rates. This fantastic all-round experience makes IG our No. 1 overall broker in 2019.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Overall Rating

Feature IG Plus500
Overall 4.5 3
IG Review Plus500 Review
74% of retail CFD accounts lose money 80.6% of retail CFD accounts lose money

Regulation

Feature IG Plus500
Trust Score 99 90
Year Founded
1974 2008
Publicly Traded (Listed)
Yes Yes
Bank
Yes No
Tier-1 Licenses
6 2
Tier-2 Licenses
4 2
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature IG Plus500
ASIC Authorised (Australia)
Yes Yes
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
Yes No
MAS Authorised (Singapore)
Yes Yes
FINMA Authorised (Switzerland)
Yes No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
Yes No

Tier-2 Licenses

Feature IG Plus500
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
No Yes
ISA Authorised (Israel)
No Yes
FMA Authorised (New Zealand)
Yes Yes
CBR Authorised (Russia)
No No
FSB Authorised (South Africa)
Yes No
SEC Authorised (Thailand)
No No
DFSA / Central Bank Authorised (UAE)
Yes No

Tier-3 Licenses

Feature IG Plus500
FSC Authorised (British Virgin Islands)
No No
FSC Authorised (Mauritius)
No No
Offshore Authorised
No No

Investments

Feature IG Plus500
Forex: Spot Trading
Yes Yes
Currency Pairs (Total Forex pairs)
91 60
CFDs - Total Offered
15000 2045
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 4.5 3.5
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Cost

Feature IG Plus500
Average Spread EUR/USD - Standard
0.75 (as of Q4 18) 0.6 (as of Aug 2018)
All-in Cost EUR/USD - Active
0.363 (as of Mar 16) N/A
Active Trader or VIP Discounts
Yes No
Commissions & Fees 4.5 4
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Funding

Feature IG Plus500
Minimum Initial Deposit
£250.00 €100
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes Yes
Skrill (Deposit/Withdraw)
No Yes
UnionPay (Deposit/Withdraw)
No No

Trading Platforms

Feature IG Plus500
Proprietary Platform
Yes Yes
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes No
MetaTrader 4 (MT4)
Yes No
MetaTrader 5 (MT5)
No No
cTrader
No No

Trading Tools

Feature IG Plus500
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
12 10
Charting - Indicators / Studies (Total)
22 103
Charting - Drawing Tools (Total)
17 0
Charting - Trade From Chart
Yes No
Charting - Drawings Autosave
No No
Order Type - Trailing Stop
Yes Yes
Platform & Tools 4.5 2.5
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Mobile Trading

Feature IG Plus500
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
26 18
Charting - Draw Trend Lines
Yes No
Charting - Trend Lines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes No
Mobile Trading 4 3
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Research

Feature IG Plus500
Daily Market Commentary
Yes No
Forex News (Top-Tier Sources)
Yes No
Weekly Webinars
Yes No
AutoChartist
Yes No
Trading Central (Recognia)
No No
Delkos Research
No No
Social Trading / Copy-Trading
Yes No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes
Research 4.5 2.5
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Education

Feature IG Plus500
Has Education - Forex
Yes No
Has Education - CFDs
Yes No
Client Webinars
Yes No
Client Webinars (Archived)
Yes No
Videos - Beginner Trading Videos
Yes No
Videos - Advanced Trading Videos
Yes No
Investor Dictionary (Glossary)
Yes No
Tutorials/Guide (PDF or Interactive)
Yes No
Education 4 1
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Major Forex Pairs

Feature IG Plus500
GBPUSD (or USDGBP)
Yes No
USDJPY (or JPYUSD)
Yes Yes
EURUSD (or USDEUR)
Yes Yes
USDCHF (or CHFUSD)
Yes Yes
USDCAD (or CADUSD)
Yes Yes
NZDUSD (or USDNZD)
Yes No
AUDUSD (or USDAUD)
Yes Yes
USDCNH (or CNHUSD)
Yes Yes
USDSGD (or SGDUSD)
Yes Yes

Overall

Feature IG Plus500
IG Review Plus500 Review
Overall 4.5 3
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To find the top fx brokers, the team here at ForexBrokers.com collected over 2,200 data points during a several month review of the forex industry. In this fx broker comparison, we will compare IG Group vs Plus500.

To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. IG Group is a better option with a 4.50 star rating over Plus500's 4.00 star rating.

Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. Both IG Group and Plus500 are regulated in a major hub. Both IG Group and Plus500 are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. IG Group boasts an offering of 91 different currency pairs compared to Plus500's 60 available pairs.

To round out our comparison of IG Group vs Plus500, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. IG Group has Meta Trader, Plus500 doesn't. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. IG Group offers its clients access to 17 charting tools while Plus500 has 0 charting tools, a difference of 17. IG Group trails Plus500 by 81 total different indicators (for example, moving averages), with Plus500 offering 103 and IG Group offering 22.

IG Group Review
Plus500 Review


Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

IG - 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).

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