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Plus500 vs IG - which one is the better trading platform?

We looked at Plus500 and IG in detail to see how the two brokers stack up against each other in terms of fees, trading platforms, products and more.

Our experience shows that IG ranks better when it comes to the number of available financial assets clients can invest in as well as in terms of research and education tools. At the same time, Plus500 excels in customer service quality when compared to IG. 

While Plus500 and IG share some similarities, the latter is not included in our top 5 Plus500 alternatives list, as it lags behind on some aspects in the BrokerChooser methodology. This doesn’t mean that IG is not a good alternative to Plus500, it rather illustrates that the broker is not a 100% replacement to Plus500.

Visit Plus500
77% of retail CFD accounts lose money
Visit IG
79% of retail CFD accounts lose money

Plus500 summary

  Plus500
Summary Plus500 is a global CFD broker listed on the London Stock Exchange's Main Market and regulated by many authorities including the UK’s FCA and CySEC of Cyprus.
Foundation date 2008
Country of origin Israel
Recommended for Experienced traders looking for an easy-to-use platform and a great user experience

The fact that Plus500 is listed on a stock exchange, is regulated by several top-tier financial authorities and discloses its financials publicly are all good signs for the broker's safety.

Plus500 is a CFD & forex broker - with extras

Although its product portfolio consists mainly of CFDs, Plus500 has recently introduced an Invest platform where clients can trade real stocks from some EEA countries and the USA.

   Visit Plus500
77% of retail CFD accounts lose money

IG summary

  IG
Summary IG is one of the biggest CFD brokers in the world. Listed on the London Stock Exchange, IG is regulated by several bodies globally, including top-tier regulators like the UK's FCA and Germany's BaFin.
Foundation date 1974
Country of origin UK
Recommended for Traders of any experience level looking for an easy-to-use trading platform

Being regulated by the top-tier FCA and BaFin is a good sign for IG’s safety.

IG runs a first-class trading platform

IG has one of the best web trading platforms BrokerChooser has tested. The deposit and withdrawal conditions are great. You can also expand your knowledge with great educational materials.

Visit IG
79% of retail CFD accounts lose money

How IG compares to Plus500

 

On the positive side:

  • Both brokers provide high-quality trading platforms suited for beginners and seasoned traders alike. 

  • Neither of the two service providers charges account maintenance, deposit, or withdrawal fees

  • Clients have access to a demo account at both brokers

 

On the negative side: 

  • Stock CFD and forex fees are not the most competitive on the market at either service provider

  • Some popular assets such as funds and bonds are not available at either broker

  • Real stock trading is only available to certain clients at IG

  Plus500 IG
Overall score 4.3 4.4
Overall pros
  • Easy-to-use platform
  • Great account opening
  •  Quick and helpful customer support
  •  First-class web trading platform
  • Superb educational tools
  • Great deposit and withdrawal options
Overall cons
  •  Limited product range
  •  Mediocre research tools
  • Average CFD fees
  • High forex and stock CFD fees
  • Limited product portfolio
  • Slow customer support
Fees score 2.9 stars 2.9 stars
Withdrawal fee $0 $0
Inactivity fee Yes Yes
Deposit and withdrawal score 5.0 stars 4.5 stars
Account opening score 5.0 stars 4.2 stars
Minimum deposit $100 $0
Customer service score 5.0 stars 3.6 stars
Markets and products score 2.3 stars 3.5 stars
Mobile platform score 5.0 stars 5.0 stars
Web platform score 4.5 stars 5.0 stars
Visit Plus500
77% of retail CFD accounts lose money
Visit IG
79% of retail CFD accounts lose money

Plus500 vs IG: Markets and products

 

Below is a list of the various assets classes offered by the two brokers. 

Product selection
  Plus500 IG
Stocks Yes Yes
ETFs No Yes
Forex No Yes
Funds No No
Bonds No No
Options No Yes
Futures No No
Crypto No No 
CFDs Yes Yes

 

Conclusion

Which is better, IG or Plus500?

The Plus500 platform is easy to use and provides a great user experience even for first-timers. Both the account opening process and customer support are great. On the other hand, the broker only offers CFDs and some real stocks, research tools are limited, and CFD fees are average

Scalping is taken seriously at Plus500; if you plan to execute many trades within 2 minutes, Plus500 is not your broker.

Compared to Plus500,  IG has a much bigger selection of CFDs and stocks, while clients can also invest in options, ETFs, IPOs and so-called Turbo24s, which are exchange-traded products.  

In terms of fees, our comparison shows that CFD trading fees for certain assets (typically index CFDs) are lower at Plus500 while for others (i.e. individual share CFDs) are more favorable at IG.  

Visit Plus500
77% of retail CFD accounts lose money
Visit IG
79% of retail CFD accounts lose money

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Further reading:

Author of this article

Edith Balázs

Author of this article

Edith is an experienced financial journalist having worked for 15+ years as a correspondent for Bloomberg, Dow Jones and The Wall Street Journal covering macroeconomics, stock, currency and fixed income markets. She holds a master's degree in American Studies and Journalism.

Edith Balázs

Senior Editor

Edith is an experienced financial journalist having worked for 15+ years as a correspondent for Bloomberg, Dow Jones and The Wall Street Journal covering macroeconomics, stock, currency and fixed income markets. She holds a master's degree in American Studies and Journalism.

Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology

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