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Interactive Brokers vs Plus500 2021

Is Interactive Brokers better than Plus500? In our analysis of 23 international regulators across 50 brokers, Interactive Brokers is considered low-risk, with an overall Trust Score of 94 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.

Overall Rating

Feature Interactive Brokers Plus500
Overall 5 4.5
Commissions & Fees 5 4.5
Offering of Investments 5 4
Platforms & Tools 4.5 4
Mobile Trading Apps 4.5 4.5
Research 4.5 3.5
Education 4 3
Trust Score 99 99
Interactive Brokers Review Plus500 Review
66% of retail CFD accounts lose money 77% of retail CFD accounts lose money
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Regulation

Feature Interactive Brokers Plus500
Trust Score 99 99
Year Founded
1977 2008
Publicly Traded (Listed)
Yes Yes
Bank
No No
Tier-1 Licenses
6 3
Tier-2 Licenses
1 4
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

Feature Interactive Brokers Plus500
ASIC Authorised (Australia)
Yes Yes
IIROC Authorised (Canada)
Yes No
SFC Authorised (Hong Kong)
Yes 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 (Average Trust)

Feature Interactive Brokers Plus500
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
No Yes
CBI Authorised (Ireland)
No No
ISA Authorised (Israel)
No Yes
FMA Authorised (New Zealand)
No Yes
CBR Authorised (Russia)
No No
FSCA Authorised (South Africa)
No Yes
SEC Authorised (Thailand)
No No

Tier-3 Licenses (Low Trust)

Feature Interactive Brokers Plus500
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands)
No No
FSC Authorised (Mauritius)
No No

Investments

Feature Interactive Brokers Plus500
Forex Trading
Yes Yes
CFD Trading
Yes Yes
Tradeable Symbols (Total)
7400 1896
Forex Pairs (Total)
105 71
US Stock Trading (Non CFD)
Yes Yes
Int'l Stock Trading (Non CFD)
Yes Yes
Cryptocurrency (Physical)
Yes No
Cryptocurrency (CFD)
No Yes
Social Trading / Copy-Trading
No No

Cost

Feature Interactive Brokers Plus500
Average Spread EUR/USD - Standard
0.6 (From 09/25/21 - 10/02/21) 0.6 (as of Aug 2018)
All-in Cost EUR/USD - Active
0.6 (From 09/25/21 - 10/02/21) N/A
Active Trader or VIP Discounts
Yes No
Execution: Agency Broker
Yes No
Execution: Market Maker
No Yes

Funding

Feature Interactive Brokers Plus500
Minimum Deposit
$0 €100
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
No Yes
PayPal (Deposit/Withdraw)
No Yes
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

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

Trading Tools

Feature Interactive Brokers Plus500
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
494 9
Charting - Indicators / Studies (Total)
127 110
Charting - Drawing Tools (Total)
7 21
Charting - Trade From Chart
Yes No
Charting - Drawings Autosave
Yes No

Mobile Trading

Feature Interactive Brokers 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
98 110
Charting - Draw Trendlines
No Yes
Charting - Trendlines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No No
Forex Calendar
Yes Yes

Research

Feature Interactive Brokers Plus500
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes No
Autochartist
No No
Trading Central (Recognia)
Yes No
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes Yes
Economic Calendar
Yes Yes

Education

Feature Interactive Brokers Plus500
Has Education - Forex or CFDs
Yes No
Client Webinars
Yes No
Client Webinars (Archived)
Yes No
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes No
Investor Dictionary (Glossary)
Yes No

Major Forex Pairs

Feature Interactive Brokers 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 Interactive Brokers Plus500
Overall 5 4.5
Commissions & Fees 5 4.5
Offering of Investments 5 4
Platforms & Tools 4.5 4
Mobile Trading Apps 4.5 4.5
Research 4.5 3.5
Education 4 3
Trust Score 99 99
Interactive Brokers Review Plus500 Review

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 Interactive Brokers vs Plus500.

Does Interactive Brokers 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, Interactive Brokers offers better pricing overall for traders.

Is Interactive Brokers 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. Interactive Brokers holds 6 global Tier-1 licenses, while Plus500 holds 3. Plus500 holds 4 global Tier-2 licenses, while Interactive Brokers holds 1. In our analysis of 23 international regulators across 50 brokers, Interactive Brokers and Plus500 earned the same Trust Score.

Which trading platform is better: Interactive Brokers or Plus500?
To compare the trading platforms of both Interactive Brokers and Plus500, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Interactive Brokers offers a better experience. With research, Interactive Brokers offers superior market research. Finally, we found Interactive Brokers 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. Copy trading is not offered by either broker. Neither broker offers Meta Trader.

How many forex pairs and CFDs are available to trade?
Interactive Brokers provides traders 105 currency pairs (e.g., EUR/USD) compared to Plus500's 71 available pairs. Forex pairs aside, Interactive Brokers offers traders access to 7400 CFDs while Plus500 has 1896 available CFDs, a difference of 5,504.

Can I trust Interactive Brokers?
Interactive Brokers is publicly traded, does not operate a bank, and is authorised by six tier-1 regulators (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Interactive Brokers is authorised by the following tier-1 regulators: Investment Industry Regulatory Organization of Canada (IIROC), Securities Futures Commission (SFC), Japanese Financial Services Authority (JFSA), Financial Conduct Authority (FCA), Monetary Authority of Singapore (MAS), 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 Interactive Brokers good?
Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite.

Is Plus500 good?
Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to share trading and a thorough selection of CFDs.

Overall winner: Interactive Brokers

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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 01/10/2022 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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Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).

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