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IG vs Plus500 2021

Is IG better than Plus500? In our analysis of 23 international regulators across 50 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.


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 5 4
Commissions & Fees 5 4
Offering of Investments 5 4
Platforms & Tools 5 4
Mobile Trading 5 4
Research 5 3
Education 5 3
Trust Score 99 98
IG Review Plus500 Review
70% of retail CFD accounts lose money 72% of retail CFD accounts lose money

Regulation

Feature IG Plus500
Trust Score 99 98
Year Founded
1974 2008
Publicly Traded (Listed)
Yes Yes
Bank
Yes No
Tier-1 Licenses
6 3
Tier-2 Licenses
3 4
Tier-3 Licenses
1 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

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

Investments

Feature IG Plus500
Forex Trading
Yes Yes
CFDs (Total)
19537 2033
Forex Pairs (Total)
104 50
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
Yes Yes
Social Trading / Copy-Trading
Yes No

Cost

Feature IG Plus500
Average Spread EUR/USD - Standard
0.745 (August 2020) 0.6 (as of Aug 2018)
All-in Cost EUR/USD - Active
0.365 (May 2020) N/A
Active Trader or VIP Discounts
Yes No

Funding

Feature IG Plus500
Minimum 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

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
DupliTrade
No No
ZuluTrade
No No

Trading Tools

Feature IG Plus500
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
14 10
Charting - Indicators / Studies (Total)
30 103
Charting - Drawing Tools (Total)
20 21
Charting - Trade From Chart
Yes No
Charting - Drawings Autosave
No No
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature IG Plus500
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes Yes
Charting - Indicators / Studies
30 18
Charting - Draw Trendlines
Yes No
Charting - Trendlines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes No

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 Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes

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

Major Forex Pairs

Feature IG Plus500
GBP/USD
Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
Yes Yes
USD/CAD
Yes Yes
NZD/USD
Yes Yes
AUD/USD
Yes Yes

Overall

Feature IG Plus500
Overall 5 4
Commissions & Fees 5 4
Offering of Investments 5 4
Platforms & Tools 5 4
Mobile Trading 5 4
Research 5 3
Education 5 3
Trust Score 99 98
IG Review Plus500 Review

Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 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 20 international regulator databases. Here's our findings. IG holds 6 global Tier-1 licenses, while Plus500 holds 3. Plus500 holds 4 global Tier-2 licenses, while IG holds 3. 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. While IG offers copy trading, Plus500 does not. IG offers MetaTrader 4 (MT4), while Plus500 does not.

How many forex pairs and CFDs are available to trade?
IG provides traders 104 currency pairs (e.g., EUR/USD) compared to Plus500's 50 available pairs. Forex pairs aside, IG offers traders access to 19537 CFDs while Plus500 has 2033 available CFDs, a difference of 17,504.

Can I trust IG?
IG is a publicly traded company, operates a regulated bank, and is authorised by six tier-1 regulators (high trust), three 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), 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 three tier-1 regulators (high trust), four 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?
Regulated and trusted across the globe, IG offers traders the ultimate package of excellent trading and research tools, industry-leading education, competitive pricing, and an extensive list of tradeable products. This fantastic all-round experience makes IG the best overall broker in 2021.

Is Plus500 good?
Plus500 is a trusted global brand that offers online traders an easy-to-use trading platform and a thorough selection of CFD instruments. However, Plus500 trails industry leaders in market research and advanced trading tools desired by active traders.

Overall winner: IG

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Trading CFDs, FX, and cryptocurrencies involve 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 website as of 12/14/2020 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.

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IG - 75% 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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