Plus500
Visit

77% of retail CFD accounts lose money.

Vs.

IG
Visit

79% of retail CFD accounts lose money.

Plus500 Vs. IG - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Updated Dec 22 2022

Visit

77% of retail CFD accounts lose money.

Visit

79% of retail CFD accounts lose money.

Overview

Plus500 is an international broker specialised in CFD trading with a big range of assets including CFDs based on American options.

IG is a global broker established in 1974 that holds 8 reputable financial licenses and provides CFD trading on stocks, commodities, ETFs, indices, cryptocurrencies, bonds, futures, options along with real stocks through their share dealing account.

Best For
  • Intermediate traders looking to trade short term
  • Experienced traders looking to speculate using CFDs based on options
  • Professional traders looking to exploit their customisable platform and broad asset offering
  • High volume traders that can offset their commission costs by trading in larger volumes
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

3

Other Licenses

1

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

8

Other Licenses

2

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • FCA (UK)
  • ASIC (Australia)
  • MAS (Singapore)
  • ASIC (Australia)
  • FMA (New Zealand)
  • NFA (United States)
  • DFSA (United Arab Emirates)
  • FINMA (Switzerland)
  • MAS (Singapore)
  • FFAJ (Japan)
  • FSCA (South Africa)
  • BMA (Bermuda)
The Good
  • CFDs on american options offered
  • Low minimum trade sizes
  • Propietary platform with multi-charting tools
  • Broad platform offering with high customisability and integrated news feeds
  • Comprehensive asset offering with more than 10,000 + CFDs or real stocks and ETFs
The Bad
  • No ability to remove leverage
  • All instruments are CFDs, you can't buy underlying assets (real stocks or cryptocurrencies)
  • There are too many small costs such as custody, in-and-out-commissions in some cases, management fees, etc
  • Their standard contracts can be too large some times for low volume traders
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

Key Data
⌛ Account Opening Time
1 day 1 day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

📍 Year Founded
2008 1974
💳 Minimum Deposit Range
$100 From $10 to $450.
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
  • Skrill
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
💵 Account Base Currencies
16 - USD, GBP, EUR, CHF, AUD, JPY, PLN, HUF, CZK, CAD, TRY, SEK, NOK, SGD. 6 - AUD, EUR, GBP, HKD, SGD, USD.
🗽 Available to U.S Citizens
No Yes
❌ Restricted Countries

US, CA, CU, SY, IR.

SY, IR.

📊 STP Account
Yes No
📊 DMA Account
No Yes
📊 ECN Account
No Yes
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs Hybrid
Total Asset Offering
2,245 35,227
Exchange Access
0 8
📙 Real Stocks
0 15,000
📙 Stock CFDs
2,000 15,000
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
70 80
📗 Commodities
0 0
📗 Commodities CFDs
25 37
📕 Indices
0 0
📕 Indices CFDs
26 76
📔 ETFs
0 2,000
📔 ETFs CFDs
95 2,000
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
14 15
📒 Bonds
0 0
📒 Bonds CFDs
0 19
📓 Options
0 0
📓 Options CFDs
15 1,000
📗 Futures
0 0
📗 Futures CFDs
0 0
Trading Experience
📈 Minimum Stock Trade Size
Variable - Fractions Allowed 1/10 of Contract (5,000 Notional)
📉 Minimum ETFs Trade Size
Variable - Fractions Allowed 1/10 of Contract (5,000 Notional)
📈 Minimum Crypto Trade Size
Varies by Crypto (Eg: 0.001 BTC) 0.01 Contracts
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) 1 Contract
📈 Minimum Commodities Trade Size
Varies by Commoditty (Eg: 0.2 Troy ounces of Gold) 1 Contract
📉 Minimum Bonds Trade Size
Unavailable 1 Contract
📈 Minimum Futures Trade Size
Unavailable 1 Contract
📉 Minimum Options Trade Size
Varies by Option (Eg: 5 contracts of Tesla Calls) 1 Contract
💪 Retail Leverage
30 30
💪 Professional Leverage
300 250
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
No No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
No No
📺 cTrader
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
Yes Yes
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee

$10 every 3 months of inactivity.

After 24 months of inactivity, IG charges an $18 monthly fee.

💰 Deposit Fees
None None
💰 Withdrawal Fees
None None
💰 Commissions
None

Yes, they charge depending on the client’s account base currency and exchange location of the shares being traded. For example, for some clients US shares can have a minimum charge of $10 in-and-out.

Spreads
📈 EUR/USD
Dynamic - From 0.8 Pips Dynamic - From 0.6 Pips
📉 SP500
Dynamic - From 70 Pips Dynamic - From 40 Pips
📈 GOLD
Dynamic - From 30 Pips Dynamic - From 30 Pips
📉 TSLA (Stock CFD)
Dynamic - From $5.2 Dynamic - Market Spread
📈 XLK (ETF - CFD)
Dynamic - From 7 Pips Dynamic - Market Spread
📉 BTC
Dynamic - From $136 Dynamic - From $90
Research and Analysis
⭐ Watchlists
No Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No Yes
📡 Reuters Feed
No Yes
📡 Educational Content
No Yes
📡 Live Chat Support
Yes Yes
📡 Video Tutorials
No No
📡 Account Management
No No
📡 Webinars
No Yes