Home Brokers comparison Plus500 vs Interactive Brokers

Plus500 vs Interactive Brokers

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Plus500 and Interactive Brokers are leading online brokers with excellent trading experiences. Plus500 has a minimum deposit fee of US$100 and a reliable funding process. It is a safe broker with licenses from the ASIC, MAS, and FCA. We recommend it for professional traders as it has limited educational materials. 

Broker NamePlus500Interactive Brokers
Year Founded20081978
RegulationFCA, ASIC, CySEC, FSCA, FMA, MAS, FSASEC (USA), FCA (UK)
Tradable AssetsForex, Commodities, Individual shares, ETFs, Options, Cryptocurrencies.Stock, ETF, Forex, Fund, Bond, Options, Futures,
CFD, Crypto, Warrants, Structured Products
Min Deposit$100$0
Min Trade$0$0
PlatformsWeb, MobileTraders Workstation (TWS)
DepositFree of chargeFree of charge
WithdrawalsFree of chargeFree of charge for the first withdrawal in calendar month

Interactive Brokers has competitive fees with a minimum deposit of $0. It has a proprietary platform, and a professional app, offering access to a virtual trading account. Interactive Brokers has licenses from the IIROC, SFC, FSA, MAS, FINMA, FCA, and CFTC. We recommend it for beginner traders because of its educational materials and research tools. 

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

Top findings from the Plus500 vs. Interactive Brokers review: 

  1. Plus500 is a safe broker with a presence on a stock exchange and a transparent fee structure. 
  1. Interactive Brokers offers professional trading platforms with premium trading tools and tutorials. 
  1. Both brokers offer a demo account to test their platforms. 

We recommend Plus500 for professional traders because of its limited educational materials. Interactive Brokers is a better fit for inexperienced traders, as it has many educational tools and tutorials. 

Overall Rating

FeaturePlus500 Interactive Brokers
Overall44.5
Commissions & Fees44.5
Offering of Investments45
Platforms & Tools44.5
Mobile Trading44
Research34.5
Education34
Trust Score9894
WinnerYES
72% of retail CFD accounts lose money66% of retail CFD accounts lose money

Level of experience  

Beginner traders prefer Interactive Brokers over Plus500. Interactive Brokers offer access to Trading Central and forex news. This broker has many educational tools, including webinars and investor dictionaries. The virtual trading account available is an excellent learning tool. 

Plus500 doesn’t offer educational materials, and it is recommended for experienced traders. It offers some reliable trading tools, including an economic calendar. Plus500 offers a smooth trading experience, but its platforms might be challenging for newcomers. 

Fees 

Plus500 has an initial deposit of €100, while Interactive Brokers has a $0 fee. Interactive Brokers offers an active trader discount, while Plus500 doesn’t. Both brokers offer a transparent fee structure. 

Assets  

Both online brokers have an excellent forex offering with access to leading forex pairs, including EUR/USD and AUD/USD. Interactive Brokers provides 105 currency pairs, while Plus500 has 50 available pairs. Interactive Brokers offers access to 7400 CFDs, while Plus500 has 2033. 

Trading platform  

Plus500 is a leading online broker with a proprietary platform, a desktop, and a web platform. It has limited tools and educational materials. Plus500 has an outstanding mobile app with basic alerts and watch lists. Its platforms are challenging to learn for beginners. 

Interactive Brokers offers an excellent trading experience with desktop and web platforms. It provides access to useful educational materials, including forex education, webinars, and advanced trading videos. We recommend Interactive Brokers for traders of all levels of experience. 

Banking services  

Banking services are important to traders of all levels of experience. Plus500 has a presence on London’s stock exchange, which increases its trustworthiness. It offers many funding options, including credit/debit, bank transfers, PayPal, and Skrill. Interactive Brokers only provides bank transfers for withdrawing and depositing funds. 

Final verdict  

Plus500 and Interactive Brokers are leading online brokers. Both have advantages and disadvantages depending on your needs and trading experience. We recommend Plus500 to professional traders who want access to the premium platform. Interactive Brokers is a better choice for beginner traders because of its research and learning tools. 

Plus500 compared to other brokers:


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.

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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.

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