IC Markets vs. Plus500 Comparison

This contrast guide assists individuals that battle to select between IC Markets and Plus500 to find the very best online broker for their trading and financial investment requirements. It analyzes the main features of both brokers side by side to help individuals contrast their solution and make an informed decision.

To help individuals pick the appropriate broker in between IC Markets and Plus500 to locate the best-suited platform, below is a list of broker’s pros and cons, followed by a contrast of their major trading features, including trading platforms & tools, fees, mobile trading, down payment & withdrawal, possessions, policy, and consumer support.

IC Markets vs. Plus500: Summary

IC Markets logo

IC Markets is a reputable forex and CFD broker regulated by two tier-one regulators (the ASIC and CySEC). They allow users to trade on over 3,500 symbols including 61 forex pairs and dozens of CFDs on cryptocurrencies, shares and indices.

IC Markets features multiple trading platforms and third party plugins including MetaTrader 4 (MT4), MetaTrade 5 (MT5), cTrader, myfxbook and AutoTrade. They also offer scalable order execution options without requotes and possibilities to place trades within the spread, which makes IC Markets an interesting choice for algorithmic traders.

IC Markets trading fees are among the lowest in the industry. They charge an average spread of 0.2 pips (EUR/USD) without extra commission. They also offer discounts to active traders with a trade volume above 100 lots/month.

IC Markets customer service is available by email, phone, and live chat in English, Arabic, and several other languages.

Plus 500 logo

Plus500 is a reputable CFD online broker licensed by the DFSA. They offer access to a wide range of assets including 2,800 CFDs on stocks & ETFs, cryptos, futures, forex, commodities, and indices. The Plus500 trading platform offers basic trading tools including Technical analysis charts, real-time quotes, quick buy and sell options from the same window and 3 order different types (market, limit stop order).

Plus500 trading fees are average compared to similar forex and CFD brokers. They charge an average spread of 0.8 pips (EUR/USD) without any commission. Plus500 charges non trading fees in the form of overnight fees, currency conversion fees, guaranteed stop order fees, and inactivity fees.

Plus500’s customer service is available 24/7 (even during the weekends and holidays) by phone, email, WhatsApp, and live chat.

Pros

  • MT4, MT5 and cTrader integration
  • Competitive spreads from 0,0 pips EUR/USD
  • Copy trading features (DupliTrade and Zulutrade)
  • Up to 1:500 leverage
  • Free Equinix NY4 VPS server

Cons

  • Limited educational material
  • Limited availability of assets
  • No research and analysis tools

Pros

  • Low minimum deposit ($100)
  • Competitive spread of 0.8 pips EUR/USD
  • Multiple order types and technical indicators
  • Excellent customer service
  • Negative balance protection
  • Intuitive mobile trading app

Cons

  • Relatively high fees compared to other brokers
  • Limited markets
  • Limited charting tools and features

Key features

  • Access to over 2,000 CFDs on forex, cryptos and stocks
  • Compatible with MT4, MT5 and cTrader
  • Islamic swap-free account availability
  • Raw spreads from 0,0 pips EUR/USD
  • Fast and reliable trade execution
  • Access to Expert Advisors (EA’s) and other forms of automated trading

Key features

  • Access to 3,000 CFDs
  • Beginner-friendly trading platform and mobile app
  • Low, floating spreads from 0.8 pips EUR/USD
  • Advanced (conditional) order types available such as GSOs and TSOs
  • Free unlimited demo paper trading account
  • Fast account opening

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IC Markets logo

IC Markets

Open account Read review

73.59% of retail CFD accounts lose money

Plus 500 logo

Plus500

Open account Read review

CFD Service. Regulated by the DFSA. Trading carries risk.

BROKER COMPARISON

IC Markets logo
Plus 500 logo

Overall rating

4,5/5

3,7/5

Overall rating

4,5/5

3,7/5

Trading Platform & Tools

4.4

3.3

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:500 1:30
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.7

3.5

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee 0 $10
Cost Per Trade $3.5 per lot 0
Cost Per Month 0 0
Forex (EUR/USD) 0 0.8 pips
Stocks & ETF 0 0
CFD (Gold) 0 7.2 pips
Crypto 0 0
Options 0 0
Conversion Fees
Misc. Fees
Overnight Fees 0

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.8

3.1

See details
Minimum deposit (in UAE) $200 $100
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

3.6

2.9

See details
Shares 0 0
ETF & Funds 0 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 0 0
Bonds 0 0
CFDs on Forex 61 60
CFD Indices & Funds 25 430
CFD Stocks 730 1000
CFD Commodities 22 22
CFD Crypto 18 0
CFD Bonds 11 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.8

2.1

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

3.7

4.5

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

IC Markets vs. Plus500 Comparison Conclusion

The results of our comparison of IC Markets vs. Plus500 are involved the table below.

Broker:Best For:
IC MarketsForex and CFDs; Algorithmic Trading
Plus500CFD trading and investing

Picking the best choice in between IC Markets and Plus500 can be difficult. Both on the internet brokers have similarities but vary regarding trading instruments, platforms & applications, guideline, deposit & withdrawals, and research study and education and learning. Choosing the most effective broker relies on individuals’ trading & investment objectives, individual choices, and experience degree.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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