Home Brokers comparison Plus500 vs. IG

Plus500 vs. IG

31
0
Regal Wallet Banner

Plus500 and IG are top online brokers offering many platforms and assets. Plus500 has a transparent fee policy and an excellent funding process. It has top-tier licenses, including the MAS, FCA, and ASIC. It is a good choice for professional traders, as it offers professional platforms and tools. 

Broker NamePlus500IG
Year Founded20081974
RegulationFCA, ASIC, CySEC, FSCA, FMA, MAS, FSAFCA, BaFin
Tradable AssetsForex, Commodities, Individual shares, ETFs, Options, Cryptocurrencies.Forex, CFDs
Min Deposit$100$0
Min Trade$0$0
PlatformsWeb, MobileWeb, Desktop, Mobile
DepositFree of chargeFree of charge
WithdrawalsFree of chargeFree of charge

IG has well-designed, user-friendly, and easy-to-customize platforms. Its offers easy deposit and withdrawal options and impressive educational tools. IG has top-tier licenses from the FCA and BaFin. It is a good choice for traders of all levels of experience. 

Both online brokers have strengths and weaknesses. This article discusses the differences between Plus500 and IG. 

Top findings from the Plus500 vs. IG review:  

  1. Plus500 is a trustworthy, safe, and professional online broker. 
  1. IG is a leading online broker with first-class web trading platforms and educational tools. 
  1. Both brokers are publicly traded and listed on a stock exchange. 

We recommend Plus500 to experienced traders, as it has limited educational materials. IG is a good choice for traders of all levels of experience. 

Overall Rating

FeaturePlus500 IG
Overall45
Commissions & Fees45
Offering of Investments45
Platforms & Tools45
Mobile Trading45
Research35
Education35
Trust Score9899
WinnerYES
72% of retail CFD accounts lose money75% of retail CFD accounts lose money

Level of experience  

Plus500 does not offer educational materials or tutorials. It is a top choice for experienced traders, as it provides premium platforms and tools. It has some helpful trading tools, including an economic calendar. Plus500 offers a demo account, useful for professionals to test its tools. 

IG has a leading web trading platform with useful educational and research tools. It offers a virtual trading account and many learning resources, including webinars and training videos. IG has user-friendly and professional research tools. It is a good choice for traders of all levels of experience. 

Fees  

Plus500 has a minimum deposit fee of €100, while IG has a £250 fee. The average EUR/USD spread at Plus500 is 0.6, while at IG is 0.74. IG offers an active trader discount, while Plus500 does not provide one. 

Assets 

Both online brokers offer leading forex pairs, including EUR/USD and GBP/USD. IG has 104 currency pairs, while Plus500 offers 50. IG has 19537 CFDs, while Plus500 has 2033 available CFDs. 

Trading platform 

Plu500 has a professional proprietary platform with desktop and web versions. It provides limited educational and research tools. Plus500 has a reliable mobile app with standard tools, including watch lists. Its platforms are challenging to learn for beginner investors. 

IG has some of the best online trading platforms, excellent for both beginners and professionals. It offers a web and mobile platform with a user-friendly design and secure authentication. IG offers many educational tools, including webinars, trading videos, and forex education. We recommend it for traders of all levels of experience. 

Banking services  

Banking services contribute to an excellent online trading experience. Both brokers are listed on the London Stock exchange and disclose their financials. Plus offers many funding options, including bank transfers, credit/debit, Skrill, and PayPal. IG offers bank wire, credit/debit, and PayPal. 

Final verdict  

Plus500 and IG are top online brokers. Both have advantages and disadvantages, depending on your needs and trading skills. We recommend Plus500 for professionals, as it offers premium tools and platforms. IG is a good choice for traders of all levels of experience because of its well-designed platforms. 


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

Previous articlePlus500 vs. Vantage FX
Next articlePlus500 vs. HYCM
Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

LEAVE A REPLY

Please enter your comment!
Please enter your name here