IG vs Plus500 for Israel Traders (2026): In-Depth Comparison

For Israel traders, trading costs are a critical factor. IG offers competitive spreads, with EUR/USD starting at 0.6 pips on its raw account, plus a low commission. Plus500’s spreads are wider, averaging 1.2 pips on the same pair, with no commission but higher overnight fees. For high-volume traders, IG’s lower spreads can save thousands of shekels annually. Plus500’s cost structure is simpler but can be more expensive for active traders. Both brokers have transparent fee schedules, but IG’s pricing is generally more favorable for experienced Israeli traders who trade frequently.

IG provides two powerful platforms: the proprietary web-based platform and MetaTrader 4 (MT4), both offering advanced charting, indicators, and automated trading. This suits experienced Israel traders who need in-depth analysis. Plus500’s platform is web-based and mobile-friendly, with a clean interface and one-click trading, but lacks advanced tools like MT4. For Israeli traders who prioritize simplicity and speed, Plus500 is adequate, but IG’s platforms are superior for those requiring professional-grade features.

IG provides fast execution speeds with minimal slippage, thanks to its direct market access (DMA) and multiple liquidity providers. Plus500 uses a market maker model, which can lead to requotes and slightly slower execution during volatile markets. For experienced Israel traders who rely on precise entries and exits, IG’s execution quality is superior, especially for high-frequency or scalping strategies.

Both IG and Plus500 are regulated by the Israel Securities Authority (ISA), ensuring they operate legally in Israel. This means Israeli traders benefit from strict oversight, including client fund segregation in separate bank accounts and negative balance protection. IG also holds licenses from the FCA and ASIC, adding an extra layer of security. Plus500 is regulated in multiple jurisdictions, but its ISA authorization is key for local traders. This regulatory framework gives Israel traders confidence in both brokers’ reliability and financial safety.

Depositing and withdrawing funds in ILS is straightforward with both brokers. IG and Plus500 accept Bank Transfer and Credit Card deposits, with no fees for bank transfers. Credit Card deposits are processed instantly, though Plus500 may charge a 1-2% fee. Withdrawals are free for both, typically taking 1-3 business days via Bank Transfer. IG also supports PayPal and Skrill, while Plus500 offers Neteller. For Israel traders, the availability of local ILS accounts and fast processing times makes both brokers convenient for managing funds.

Both IG and Plus500 offer Islamic (swap-free) accounts for Muslim traders in Israel, complying with Sharia law by eliminating overnight interest. IG’s Islamic account has no swap fees or administrative charges, making it fully compliant. Plus500’s Islamic account also avoids interest but may apply a small administrative fee for positions held overnight. For Israel’s Muslim traders, IG is the better choice due to its zero-cost swap-free policy, while Plus500 remains a viable option despite the minor fee.

IG offers 24/5 multilingual customer support via live chat, phone, and email, with Hebrew-speaking agents available during business hours. Plus500 provides 24/7 live chat and email support, but phone support is limited. For Israel traders, IG’s Hebrew support and faster response times give it an edge, while Plus500’s round-the-clock chat is useful for after-hours queries.