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Plus500 vs Interactive Brokers 2020

Is Interactive Brokers better than Plus500? After scoring the best forex brokers on nearly 100 different variables, Interactive Brokers is better than Plus500. Professional traders and highly experienced investors looking for a complete multi-asset broker will find Interactive Brokers offers a comprehensive platform with competitive fees across multiple global financial markets.

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 Plus500 Interactive Brokers
Overall 3 4
Plus500 Review Interactive Brokers Review
76.4% of retail CFD accounts lose money 63.5% of retail CFD accounts lose money

Regulation

Feature Plus500 Interactive Brokers
Trust Score 97 91
Year Founded
2008 1977
Publicly Traded (Listed)
Yes Yes
Bank
No No
Tier-1 Licenses
2 5
Tier-2 Licenses
3 0
Tier-3 Licenses
0 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

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

Investments

Feature Plus500 Interactive Brokers
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
No No
Currency Pairs (Total Forex pairs)
50 105
CFDs - Total Offered
2033 7400
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 3.5 4.5
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Cost

Feature Plus500 Interactive Brokers
Average Spread EUR/USD - Standard
0.6 (as of Aug 2018) N/A
All-in Cost EUR/USD - Active
N/A N/A
Active Trader or VIP Discounts
No Yes
Commissions & Fees 4 4
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Funding

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

Trading Platforms

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

Trading Tools

Feature Plus500 Interactive Brokers
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
10 494
Charting - Indicators / Studies (Total)
103 121
Charting - Drawing Tools (Total)
21 9
Charting - Trade From Chart
No Yes
Charting - Drawings Autosave
No Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 2.5 4
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Mobile Trading

Feature Plus500 Interactive Brokers
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
18 70
Charting - Draw Trend Lines
No No
Charting - Trend Lines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No Yes
Forex Calendar
No No
Mobile Trading 3 4
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Research

Feature Plus500 Interactive Brokers
Daily Market Commentary
No Yes
Forex News (Top-Tier Sources)
No Yes
Weekly Webinars
No No
AutoChartist
No No
Trading Central (Recognia)
No Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
No No
Economic Calendar
Yes Yes
Research 2.5 3.5
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Education

Feature Plus500 Interactive Brokers
Has Education - Forex
No Yes
Has Education - CFDs
No Yes
Client Webinars
No Yes
Client Webinars (Archived)
No Yes
Videos - Beginner Trading Videos
No No
Videos - Advanced Trading Videos
No Yes
Investor Dictionary (Glossary)
No Yes
Education 1 4
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Major Forex Pairs

Feature Plus500 Interactive Brokers
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 Plus500 Interactive Brokers
Plus500 Review Interactive Brokers Review
Overall 3 4
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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 Interactive Brokers 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. Both Interactive Brokers and Plus500 share a rating of 4.00 stars.

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 Interactive Brokers and Plus500 are regulated in a major hub. Interactive Brokers and Plus500 are publicly traded companies. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. Interactive Brokers boasts an offering of 105 different currency pairs compared to Plus500's 50 available pairs.

To round out our comparison of Interactive Brokers vs Plus500, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. Interactive Brokers nor Plus500 offers Meta Trader. 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. Plus500 boasts an offering of 21 charting tools compared to Interactive Brokers's 9 available charting tools. Plus500 trails Interactive Brokers by 18 total different indicators (for example, moving averages), with Interactive Brokers offering 121 and Plus500 offering 103.

Interactive Brokers 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 01/15/2020 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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Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).

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