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IG vs Plus500 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is IG better than Plus500? In our analysis of 23 international regulators across 39 of the best forex brokers, IG is considered low-risk, with an overall Trust Score of 99 out of 99. Plus500 is considered low-risk, with an overall trust score of 98 out of 99. Learn more about Trust Score.

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Overall RatingIGPlus500
Overall Rating5 Stars4.5 Stars
Commissions & Fees5 Stars4.5 Stars
Offering of Investments5 Stars4 Stars
Platform & Tools5 Stars4.5 Stars
Mobile Trading5 Stars4.5 Stars
Research5 Stars4 Stars
Education5 Stars3.5 Stars
Trust Score9998
Winnercheck_circle
ReviewIG ReviewPlus500 Review
RegulationIGPlus500
Trust Score9998
Year Founded19742008
Publicly Traded (Listed)YesYes
BankYesNo
Tier-1 Licenses74
Tier-2 Licenses23
Tier-3 Licenses10
Authorised in European UnionYesYes
About RegulationA โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)IGPlus500
ASIC Authorised (Australia)YesYes
IIROC Authorised (Canada)NoNo
SFC Authorised (Hong Kong)NoNo
CBI Authorised (Ireland)NoNo
FSA Authorised (Japan)YesYes
MAS Authorised (Singapore)YesYes
FINMA Authorised (Switzerland)YesNo
FCA Authorised (U.K.)YesYes
CFTC Registered (USA)YesNo
FMA Authorised (New Zealand)YesYes
Tier-2 Licenses (Average Trust)IGPlus500
CBRC Authorised (China)NoNo
CySEC Authorised (Cyprus)NoYes
SEBI Authorised (India)NoNo
ISA Authorised (Israel)NoYes
CBR Authorised (Russia)NoNo
FSCA Authorised (South Africa)YesYes
SEC Authorised (Thailand)NoNo
DFSA / Central Bank Authorised (UAE)YesNo
Tier-3 Licenses (Low Trust)IGPlus500
SCB Authorised (Bahamas)NoNo
IFSC Authorised (Belize)NoNo
CIMA Authorised (Cayman Islands)NoNo
BMA Authorised (Bermuda)YesNo
FSC Authorised (British Virgin Islands)NoNo
FSC Authorised (Mauritius)NoNo
VFSC Authorised (Vanuatu)NoNo
InvestmentsIGPlus500
Forex Trading (Spot or CFDs)YesYes
Tradeable Symbols (Total)195372800
Forex Pairs (Total)10071
U.S. Stock Trading (Non CFD)YesYes
Int'l Stock Trading (Non CFD)YesYes
Social Trading / Copy TradingYesNo
Cryptocurrency (Physical)NoNo
Cryptocurrency (CFD)YesYes
DisclaimersNote: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).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.
CostIGPlus500
Average Spread EUR/USD - Standard0.86 (September 2022)0.6 (as of Aug 2018)
All-in Cost EUR/USD - Active0.5957 (September 2022)N/A
Active Trader or VIP DiscountsYesNo
Execution: Agency BrokerYesNo
Execution: Market MakerYesYes
FundingIGPlus500
Minimum Initial Depositยฃ250.00โ‚ฌ100
PayPal (Deposit/Withdraw)YesYes
Skrill (Deposit/Withdraw)NoYes
Visa/Mastercard (Credit/Debit)YesYes
Bank Wire (Deposit/Withdraw)YesYes
Trading PlatformsIGPlus500
Proprietary PlatformYesYes
Desktop Platform (Windows)YesNo
Web PlatformYesYes
Social Trading / Copy TradingYesNo
MetaTrader 4 (MT4)YesNo
MetaTrader 5 (MT5)NoNo
cTraderNoNo
DupliTradeNoNo
ZuluTradeNoNo
Trading ToolsIGPlus500
Virtual Trading (Demo)YesYes
Alerts - Basic FieldsYesYes
Watchlists - Total Fields149
Charting - Indicators / Studies (Total)33110
Charting - Drawing Tools (Total)2021
Charting - Trade From ChartYesNo
Charts can be savedYesYes
Mobile TradingIGPlus500
Android AppYesYes
Apple iOS AppYesYes
Mobile Alerts - Basic FieldsYesYes
Mobile WatchlistYesYes
Watchlist SyncingYesYes
Mobile Charting - Indicators / Studies33110
Mobile Charting - Draw TrendlinesYesYes
Mobile Charting - Multiple Time FramesYesYes
Mobile Charting - Drawings AutosaveYesNo
Forex CalendarYesYes
ResearchIGPlus500
Daily Market CommentaryYesYes
Forex News (Top-Tier Sources)YesNo
AutochartistYesNo
Trading Central (Recognia)NoNo
Social Sentiment - Currency PairsYesYes
Economic CalendarYesYes
EducationIGPlus500
Has Education - Forex or CFDsYesYes
Client WebinarsYesNo
Client Webinars (Archived)YesNo
Videos - Beginner Trading VideosYesYes
Videos - Advanced Trading VideosYesNo
Investor Dictionary (Glossary)YesNo
Major Forex PairsIGPlus500
GBP/USDYesYes
USD/JPYYesYes
EUR/USDYesYes
USD/CHFYesYes
USD/CADYesYes
NZD/USDYesYes
AUD/USDYesYes
ReviewIG ReviewPlus500 Review
OverallIGPlus500
Overall Rating5 Stars4.5 Stars
Commissions & Fees5 Stars4.5 Stars
Offering of Investments5 Stars4 Stars
Platform & Tools5 Stars4.5 Stars
Mobile Trading5 Stars4.5 Stars
Research5 Stars4 Stars
Education5 Stars3.5 Stars
Trust Score9998
Winnercheck_circle
ReviewIG ReviewPlus500 Review
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IG vs Plus500 Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare IG vs Plus500.

Does IG or Plus500 offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is IG or Plus500 safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. IG holds 7 global Tier-1 licenses, while Plus500 holds 4. Plus500 holds 3 global Tier-2 licenses, while IG holds 2. In our analysis of 23 international regulators across 50 brokers, IG earned a higher Trust Score than Plus500.

Which trading platform is better: IG or Plus500?

To compare the trading platforms of both IG and Plus500, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

IG provides traders 100 currency pairs (e.g., EUR/USD) compared to Plus500's 71 available pairs. Forex pairs aside, IG offers traders access to 19537 CFDs while Plus500 has 2800 available CFDs, a difference of 16737.

Can I trust IG?

IG is a publicly traded company, operates a regulated bank, and is authorised by seven tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). IG is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Swiss Financial Market Supervisory Authority (FINMA), Financial Conduct Authority (FCA), Financial Markets Authority (FMA), and the Commodity Futures Trading Commission (CFTC).

Can I trust Plus500?

Plus500 is publicly traded and does not operate a bank. Plus500 is authorised by five tier-1 regulators (high trust), three tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Plus500 is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA), Australian Securities & Investment Commission (ASIC), and the Monetary Authority of Singapore (MAS).

Is IG good?

IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.

Is Plus500 good?

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.

Overall winner: IG

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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