IG vs Plus500 | CFD comparison: which is better? - Finder UK

IG vs Plus500 CFD comparison

These are both well known CFD providers. Find out how they compare!

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Fact checked
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 67%-79.8% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Both IG and Plus500 let you trade contracts for difference (CFDs). This lets you trade on loads of different things like indices, forex, shares and commodities without ever owning the underlying asset. These are both leading brokers for CFDs and are respected in their fields.

So, how do IG and Plus500 compare?

What markets and products do they cover?

IG Share DealingPlus500 CFD
Rating★★★★★★★★★★
Stocks and shares ISA
Pension (SIPP)
Lifetime ISA (LISA)
Junior products
Fractional shares
Ethical investing
Keep in mind75% of retail CFD accounts lose money76.4% of retail CFD accounts lose money
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IG vs Plus500: Mobile and web features

IG Share DealingPlus500 CFD
Rating★★★★★★★★★★
iPhone app
Android app
Desktop/web app
Notifications
Keep in mind75% of retail CFD accounts lose money76.4% of retail CFD accounts lose money
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IG vs Plus500: Learning resources

IG Share DealingPlus500 CFD
Rating★★★★★★★★★★
Guides
Videos
Demo account
Keep in mind75% of retail CFD accounts lose money76.4% of retail CFD accounts lose money
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IG easily wins in terms of learning resources and tools. It has all the information and research you need to execute trades and find out everything you need to know.

Plus500 isn’t so great in this regard, so you’d need to have another option to get research and insights. Both platforms have demo accounts available, though, which is really good for those just getting the grips with investing and CFD trading.

IG vs Plus500: fees, costs and charges

Neither of these platforms charge commission for trading. In both cases, they earn money from a slightly wider spread. IG tends to have the smaller spreads, but Plus500 still has competitive costs, and in some cases might work out cheaper than IG.

There are some services which you may need to pay fees for on both platforms, such as overnight funding, currency conversion, guaranteed stop orders or inactivity fees.

Our verdict: Is IG better than Plus500?

All things considered, IG is probably the better of the two here. This is mainly due to the sheer amount of learning resources and tools there are available to help you understand the market better.

IG also has the functionality for other investment types, such as share dealing and smart portfolios, which makes it quite a nice all-rounder with available products.

That being said, Plus500 does have some nifty tools that you can use, such as an economic calendar and trading sentiment, which shows whether traders are buying or selling an instrument at a given time. It has some good charting, as well.

Compare share trading platforms

Table: sorted by promoted deals first
Data updated regularly
Name Product Price per trade Frequent trader rate Platform fees Brand description
Fineco
UK: £2.95
US: $3.95
EU: €3.95
N/A
£0
Your first 100 trades are free with Fineco (T&Cs apply)
Fineco Bank is good for share traders and investors looking for a complete platform and wide offer. The minimum deposit with Fineco is £0. Capital at risk.
eToro Free Stocks
£0
N/A
£0
Capital at risk. 0% commission but other fees may apply. The minimum deposit with eToro is $500.
Hargreaves Lansdown Fund and Share Account
£11.95
£5.95
£0
Hargreaves Lansdown is the UK's number one platform for private investors, with the depth of features you'd expect from an established platform. The minimum deposit with HL is £1. Capital at risk.
Degiro Share Dealing
UK: £1.75 + 0.014% (max £5)
US: €0.50 + $0.004 per share
N/A
£0
Degiro is widely seen as one of the best low-cost share brokers, for people who are looking to trade regularly. The minimum deposit with Degiro is £0. Capital at risk.
interactive investor Trading Account
£7.99 (with one free trade per month)
N/A
£9.99 per month
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. The minimum deposit with ii is £0. Capital at risk.
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Data updated regularly
Name Product Minimum deposit Maximum annual fee Price per trade Brand description
interactive investor Stocks and Shares ISA
Any lump sum or £25 a month
£119.88
£7.99
Interactive Investor offers everything most investors need. Its flat fees makes it pricey for small portfolios, but cheap for big ones. Capital at risk.
Moneyfarm stocks and shares ISA
£1500
0.75%
£0
Moneyfarm helps you meet your investment goals with fully-managed portfolios designed around you. Capital at risk.
Hargreaves Lansdown Stocks and Shares ISA
£100
0.45%
£11.95
Hargreaves Lansdown is the UK's biggest wealth manager. It's got everything you'll need, from beginners to experienced investors. Capital at risk.
Nutmeg stocks and shares ISA
£100
0.75%
£0
Nutmeg offers three types of portfolios. Choose the one that goes with your investment style. Capital at risk.
Saxo Markets Stocks and Shares ISA
No minimum deposit requirement
0.12%
£8.00
Saxo Markets offers a wide access to a range of stocks, ETFs and funds. Capital at risk.
AJ Bell Stocks and Shares ISA
£500
0.25%
£9.95
AJ Bell is a good all-rounder for people who to choose between shares, funds, ISAs and pensions. Capital at risk.
Fidelity Stocks and Shares ISA
£1000 or a regular savings plan from £50
0.35%
£10.00
Fidelity is another good all-rounder, offering a good package at a decent price. Not suited for trading shares. Capital at risk.
Legal & General stocks and shares ISA
Legal & General stocks and shares ISA
£100 or £20 a month
0.61%
N/A
Legal & General is a big financial services company which offers insurance, lifetime mortgage, pensions and stocks and shares ISAs. Capital at risk.
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Data updated regularly
Name Product Minimum investment Choose from Annual fee Brand description
Interactive Investor Pension
Any lump sum or £25 a month
Over 3,000 funds
£10/month
interactive investor is a flat-fee platform, which makes it cost effective for larger portfolios. Capital at risk.
Moneyfarm Pension
£1,500 (initial investment)
7 funds
0.35%-0.75%
Moneyfarm has pensions that are matched against your risk appetite, goals and planned retirement date. Capital at risk.
AJ Bell Pension
£1,000
Over 2,000 funds
0.05-0.25%
AJ Bell has two different pension options, a self managed pension and one that is managed for you. Capital at risk.
PensionBee Pension
No minimum
7 funds
0.5% - 0.95%
Pension Bee is a newbie in the pension market. It helps consolidate your pension plans into one place. Capital at risk.
Hargreaves Lansdown Pension
£100 or £25 a month
2,500 funds
0-0.45%
Hargreaves Lansdown is the UK's biggest wealth manager. It's got three different retirement options. Capital at risk.
Saxo Markets Pension
Saxo Markets Pension
£10
Over 11,000 funds
No annual fee
Saxo Markets gives flexibility and control over your investment strategy. Capital at risk.
Penfold
Penfold
No minimum
4 portfolios
0.75-0.88%
Moneybox Pension
£1
3 funds
0.15% - 0.45% charged monthly
Manage your money with an easy-to-use Moneybox app. Capital at risk.
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All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.

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