IG vs Plus500 CFD comparison

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

IG vs eToro Overall winner
Compare side by side Compare features
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51%-81% 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 score★★★★★★★★★★
Customer satisfaction survey★★★★★★★★★★
Costs score★★★★★★★★★★
Keep in mindCapital at risk. 71% of retail CFD accounts lose moneyCapital at risk. 81% of retail CFD accounts lose money
More Info

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

You can trade forex, shares, options and exchange traded funds (ETFs) through CFDs 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 mindCapital at risk. 71% of retail CFD accounts lose moneyCapital at risk. 81% of retail CFD accounts lose money
More Info
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 score★★★★★★★★★★
Borrow fee
Rolling position
Overnight funding
Open/Close trades
Stop order
Deposits
Withdrawals
Keep in mindCapital at risk. 71% of retail CFD accounts lose moneyCapital at risk. 81% of retail CFD accounts lose money
More Info

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 mindCapital at risk. 71% of retail CFD accounts lose moneyCapital at risk. 81% of retail CFD accounts lose money
More Info

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 mindCapital at risk. 71% of retail CFD accounts lose moneyCapital at risk. 81% of retail CFD accounts lose money
More Info

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

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.

Avatar

Written by

Zoe Stabler DipFA

Zoe was a senior writer at Finder specialising in investment and banking, and during this time, she joined the Women in FinTech Powerlist 2022. She is currently a senior money writer at Be Clever With Your Cash. Zoe has a BA in English literature and a Diploma for Financial Advisers. She has several years of experience in writing about all things personal finance. Zoe has a particular love for spreadsheets, having also worked as a management accountant. In her spare time, you’ll find Zoe skating at her local ice rink. See full profile

More guides on Finder

  • How to buy SPDR FTSE UK All Share UCITS ETF Acc

    Ever wondered how to invest in FTAL ETF? Learn more about it now and find out where you can invest in it. Compare ETF brokers to start investing today.

  • How to buy Franklin FTSE United Kingdom ETF

    Ever wondered how to invest in FLGB ETF? Learn more about it now and find out where you can invest in it. Compare ETF brokers to start investing today.

  • How to buy HSBC FTSE 100 UCITS ETF

    Ever wondered how to invest in HUKX ETF? Learn more about it now and find out where you can invest in it. Compare ETF brokers to start investing today.

  • How to buy Flutter Entertainment shares

    Thinking about buying shares in Flutter Entertainment? We explain how to do it and compare a range of providers who will give you access to global markets.

  • How to buy Dettol shares | 4442p

    Sales of Reckitt Bencksier products like Dettol have risen due to coronavirus. Here’s how you can invest in Dettol, by buying Reckitt Benckiser shares.

  • How to buy AT&T shares

    Ever wondered how to buy shares in AT&T? We explain how and compare a range of providers that can give you access to many brands, including AT&T.

  • How to buy Wincanton shares

    Ever wondered how to buy shares in Wincanton? We explain how and compare a range of providers that can give you access to many brands, including Wincanton.

  • How to buy United Utilities Group shares

    Ever wondered how to buy shares in United Utilities? We explain how and compare a range of providers that can give you access to many brands, including United Utilities.

  • How to buy Relx shares

    Find out how to buy shares in RELX, see its share prices over the last three months and check out our must-do checklist if you’re looking to invest.

  • How to buy Reach shares

    Ever wondered how to buy shares in Reach? We explain how and compare a range of providers that can give you access to many brands, including Reach.

Go to site