Compare IG Vs Plus500: Which is the Better Forex Broker in 2024?
IG Vs Plus500, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between IG Vs Plus500, here is the direct comparison:
Feature | IG | Plus500 |
General Rating |
2.40/5 |
1.00/5 |
|
Score | 65 | 57 | |
Trustpilot |
4.1/5 6711 users |
3.5/5 1407 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 1974 | 2008 | |
💲 Min Deposit | $0 | $100 | |
⚖ Max Leverage | 1:50 | 1:300 | |
🔢 Spread | Variable | Fixed | |
💸 Commissions | $3 | ||
💡 Min Position | 0.01 lot | 0.005 lot |
💳 Payment | Wire transfer and Credit/debit cards | PayPal, Skrill, Wire transfer, Credit/debit cards, BPAY, iDEAL, SOFORT, giropay and Przelewy24 | |
🏢 Office(s) |
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🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
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🗣 Website Languages | German, English, Spanish, French, Italian, Japanese, Portuguese, Swedish, Chinese | Arabic, Bulgarian, Czech, Danish, German, Greek, English, Spanish, Estonian, Finnish, French, Croatian, Hungarian, Icelandic, Italian, Hebrew, Japanese, Korean, Lithuanian, Latvian/Lettish, Malay, Mal |
🚪 Trade Now | Open IG | Open Plus500 |
Testimonials
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IG: Dreadful customer support. The app is brilliant but suffers with...
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IG: IG apps sometimes unresponsive which result me cost more money....
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IG: I wanted to trade Forex on the MT4 platform, but...
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IG: I do not recommend using IG and moved to another...
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IG: Overall my experience with IG was positive. The only issue...
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IG: Dreadful customer support. The app is brilliant but suffers with...
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IG: IG apps sometimes unresponsive which result me cost more money....
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IG: I wanted to trade Forex on the MT4 platform, but...
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IG: I do not recommend using IG and moved to another...
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IG: Overall my experience with IG was positive. The only issue...
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Plus500: There's no problem actually with their deposit process, but need...
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Plus500: They have a simple program. As a newbie in the...
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Plus500: For my 1st experience with broker, Plus500 have a very...
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Plus500: Plus500 don't like it if their trader makes a lot...
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Plus500: For almost 4 weeks they prevent me to withdraw my...
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IG: Dreadful customer support. The app is brilliant but suffers with...
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See More IG Testimonials
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See More Plus500 Testimonials
News
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Plus500 Expands in Israel: Bigger HQ and More Jobs
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IG Group Loses CFO and COO as Q3 FY24 Revenue Flatlines
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IG Group Welcomes New Chief Operating Officer and Chief Risk Officer
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IG Group's Head of Marketing Partnerships Aneira Henery-Morley Resigns
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Plus500 Boosts Shareholder Value with $100 Million Share Buyback
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IG Forex Broker Secures Naming Rights for Nagoya's 17,000-Seat Arena
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IG Asia's CEO Tony Lim Bids Farewell After 9 Years
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IG Group Forex Broker Welcomes Breon Corcoran as New CEO
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IG Forex Broker Faces Revenue Decline of 9 Percent in H1 FY24
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IG Group Hires Eren Eraslan Head of IG Unit in Northern Europe
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Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, IG provides their pricing with Variable spread while Plus500 offers Fixed spread.
IG vs Plus500: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, IG enables trading with MetaTrader 4 (Limited with 14 days), PureDeal (Limited with 14 days), L2 Dealer (Limited with 14 days). The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, Plus500 provides trading with Plus500 Windows Trader, Plus500 WebTrader with the support of Trailing stop, Pending orders.
Is IG or Plus500 better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, IG supports trading with Forex, Gold & silver, CFD, Oil, Spread betting, Crypto, while Plus500 presents the ability of trading with Forex, Gold & silver, CFD, Oil, Stocks, Options, Indexes, Metals, Energies, ETF, Spread betting, Crypto.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
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