IG vs Plus500 CFD comparison

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

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 61%-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?

IG vs Plus 500: Vital statistics

IG Share DealingPlus500 CFD
Finder rating★★★★★★★★★★
Customer satisfaction rating★★★★★★★★★★
Costs rating★★★★★★★★★★
Keep in mind70% of retail CFD accounts lose money72% of retail CFD accounts lose money
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Both IG and Plus500 are protected by the Financial Services Compensation Scheme (FSCS), which means that your deposits are protected by up to £85,000 if either provider were to go bust.

In our customer satisfaction survey in December 2020, IG’s customers felt that it had excellent customer service, that it’s inexpensive and that it’s easy to use. Some customers feel that the spreads are too high.

Plus500 customers thought that it was easy to use, said it was great to trade with and like that it has a demo account. They think it’s really good that you can customise the charts for technical analysis.

Round 1: Financial instruments

IG Share DealingPlus500 CFD
Rating★★★★★★★★★★
Forex
Shares
Options
ETFs
Keep in mind70% of retail CFD accounts lose money72% of retail CFD accounts lose money
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You can trade forex, shares, options and exchange traded funds (ETFs) with both IG and Plus 500. This gets both providers 5 stars for financial instruments.

  • Winner: Tie

Round 2: Stock exchanges

IG Share DealingPlus500 CFD
Exchanges covered score★★★★★
UK - London Stock Exchange
US - NASDAQ
US - New York Stock Exchange
Canada - Toronto Stock Exchange
Japan - Japan Exchange Group
Euronext
Germany - Deutsche Börse
Keep in mind70% of retail CFD accounts lose money72% of retail CFD accounts lose money
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When it comes to stock exchanges, you can trade on most of the world’s largest stock exchanges – including UK, US and most European shares. You can’t buy stocks on the Japan stock exchange on the Deutsche Börse with IG – but you can trade on both of these exchanges with Plus 500. Plus 500 doesn’t let you trade Canadian shares.
  • Winner: Plus 500

Round 3: Fees

IG Share DealingPlus500 CFD
Costs rating★★★★★★★★★★
Standard platform charge0%0%
Best platform charge0%0%
Borrow fee
Rolling position
Overnight funding
Open/Close trades
Stop order
Deposits
Withdrawals
Keep in mind70% of retail CFD accounts lose money72% of retail CFD accounts lose money
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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.

  • Winner: IG

Round 4: Mobile and web features

IG Share DealingPlus500 CFD
Features rating★★★★★★★★★★
iPhone app
Android app
Desktop/web app
Notifications
In-app news and research
Watch lists
Keep in mind70% of retail CFD accounts lose money72% of retail CFD accounts lose money
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Both IG and Plus 500 let you trade with a web or desktop app, Android app and iPhone app. You can also access advanced company details and financials with both providers. IG also lets you create a watchlist – something we’ve not been able to do with Plus 500.

  • Winner: Tie

Round 5: Learning resources

IG Share DealingPlus500 CFD
Resources rating★★★★★★★★★★
Guides
Videos and walkthroughs
Demo account
In-depth learning tools
Keep in mind70% of retail CFD accounts lose money72% 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.

  • Winner: IG

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.

  • Winner: IG
Promoted
IG Share Dealing

Buy and sell US shares with no commission with IG

Capital at risk, investments may fall

  • Invest in over 10,000 shares, funds and investment trusts
  • Low costs - Zero commission on US shares, £3 on UK shares
  • Support available 24 hours a day from Sunday to Friday
  • Open an account in a few minutes through website or app

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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