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IG vs Plus500 2020

Is IG better than Plus500? After testing 30 of the best forex brokers over five months, IG is better than Plus500. Regulated and trusted across the globe, IG offers traders an extensive list of tradeable products, excellent trading and research tools, industry-leading education, and competitive rates. This fantastic all-round experience makes IG the best overall broker in 2020.

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
IG Review Plus500 Review
68% of retail CFD accounts lose money 76.4% 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 2
Tier-2 Licenses
3 3
Tier-3 Licenses
0 1
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

Investments

Feature IG Plus500
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes No
Currency Pairs (Total Forex pairs)
93 50
CFDs - Total Offered
17535 2033
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 5 4
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Cost

Feature IG Plus500
Average Spread EUR/USD - Standard
0.7 (as of May 19) 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 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

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
14 10
Charting - Indicators / Studies (Total)
28 103
Charting - Drawing Tools (Total)
19 21
Charting - Trade From Chart
Yes No
Charting - Drawings Autosave
No No
Order Type - Trailing Stop
Yes Yes
Platform & Tools 5 3.5
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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
28 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 4.5 3.5
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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 Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes
Research 5 3.5
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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
Education 4.5 3
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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
IG Review Plus500 Review
Overall 5 4
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After spending several months and hundreds of hours researching 30 different forex brokers for trading FX, our team at ForexBrokers.com team collected over 3,180 data points. For this review, we will compare IG vs Plus500.

To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. IG's score is 5.00 stars versus Plus500's 4.00 stars.

Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. IG alongside Plus500 are regulated in a major hub. IG and Plus500 are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. Plus500 trails IG by 43 total currency pairs (for example, EUR/USD), with IG offering 93 and Plus500 offering 50.

Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. IG offers Meta Trader while Plus500 does not. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. IG trails Plus500 by 2 total charting tools, with Plus500 offering 21 and IG offering 19. IG trails Plus500 by 75 total different indicators (for example, moving averages), with Plus500 offering 103 and IG offering 28.

IG Review
Plus500 Review


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 web site as of 01/20/2020 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 - 68% 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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