Plus500 vs IG
Compare Plus500 Vs IG Side by Side
Selecting between Plus500 vs IG and wish to see who is better Broker for your trading strategy? We made a detailed comparison between Plus500 Review and IG Review, compared safety and licenses, trading conditions with fees, trading platforms, instruments, deposit & withdrawal conditions, and all the essential details compared side by side.
|Licenses||UK, Cyprus, Australia, South Africa, Seychelles, Singapore||UK, Australia, Switzerland, Singapore, UAE, Japan, US|
|Minimum Deposit||100 US$||300 US$|
|Trading Platforms||Plus500 Platform||IG Proprietary, MT4|
|Eurusd avg Spread||0.6 pips||0.6 pips|
|Licenses Countries Info (short)|
Plus500 vs IG Brokers are both highly trusted with numerous licenses and top-tier regulations, legit to accept Australian and EU clients. There is a slight advantage to IG for also having a US license to offer.
Both Brokers operate Market Making model making them equal, both brokers execution is high speed with no rejections. Also, in comparison to the STP brokers, Market Makers have less volatile quote allocation with a smoother offering.
Plus500 vs IG Brokers both offer low spreads, but trading conditions offered by IG are definitely much more advanced, as they include such strategies as hedging and scalping and IG is suitable for beginners, while Plus500 has much less trading possibilities to offer.
Fees & Commissions
|Inactivity Feemonth||$10||18 $|
|Deposit fee||0$||0 $|
|Withdrawal fee||0$||0 $|
|Rollover fee eurusd buy 1 lot||-0.0128%||-2.5%|
|Rollover fee eurusd sell 1 lot||0.003%||+2.5%|
|Avg Eurusd standard acc||0.6 pips||0.6 pips|
|Brent oil||2 pips||3|
Both Plus500 vs IG have pretty low fees, including deposit and withdrawal fees with 0$ commission, however, they both charge inactivity fee. At the same time Plus500’s spreads are relatively lower compared to IG.
Both Brokers based on a single account offering with spread basis and access to all instrument range. Both Brokers provide free access to Demo Account.
Markets & Instruments
IG offers a bigger number of assets for each market group. There is one difference in portfolios as Plus500 also offers Option. However, both brokers equally offer a comprehensive wide range of trading instruments to their traders.
Both Plus500 vs IG Brokers offer great proprietary Trading Platforms. The only difference here and probably the advantage for IG is that MetaTrder4 is present in its offer that gives and opportunity to execute the orders with its advanced chartings and tools.
Deposit & Withdrawal Methods
Payment methods offered by Plus500 vs IG are very much alike. Both brokers offer bank transfers, debit/credit cards, and some popular e-wallets.
Both Plus500 vs IG provide excellent customer support. However, Plus500 is losing the marks here by providing a rather limited range of educational materials and no trading course in general, while IG is more advanced and offers its IG Trading Academy that helps to improve traders knowledge and include comprehensive materials, tutorials and webinars.
Conclusion on Plus500 vs IG
Concluding Plus500 vs IG comparison we found both brokers reliable and trustable with solid regulation and background. Both brokers provide their own proprietary platforms, low spreads and trading fees and a wide range of trading instruments. However, the advantage goes to IG for offering lower spread and providing access to social trading, making itself suitable not only for professionals, but also for beginners. Here is our final recommendation:
- Plus500 – 🥇 Best for CFD trading good for experienced traders looking for excellent CFD instrument range and easy to use platform.
- IG – 🥇Lowest Spread Forex Broker being comfortable for beginning traders.