Plus500 and IC Markets are leading online brokers in 2021, offering an excellent trading experience. Plus500 has a straightforward funding process and a transparent fee policy. It has top-tier licenses from the MAS, ASIC, and FCA. Plus500 is a good choice for experienced traders, as it has premium platforms.
|Broker Name||Plus500||IC Markets|
|Regulation||FCA, ASIC, CySEC, FSCA, FMA, MAS, FSA||FSA, ASIC & CySec|
|Tradable Assets||Forex, Commodities, Individual shares, ETFs, Options, Cryptocurrencies.||Cryptocurrency, CFD, Forex & Futures|
|Min Trade||$0||0.01 Lots|
|Platforms||Web, Mobile||MT4, MT5|
|Deposit||Free of charge||Free of charge|
|Withdrawals||Free of charge||Free of charge|
IC Markets is a leading forex broker with 0.8 pip spreads. It has a comprehensive portfolio with mobile apps, auto-trading, and MetaTrader suite. IC Markets offers excellent tools on its website, including trading videos, educational articles, and a demo account. This broker has licenses from the FSA, ASIC, and CySEC. It is a good choice for traders of all levels of experience.
This article discusses the strengths and weaknesses of Plus500 and IC Markets.
Top findings from the Plus500 vs. IC Markets review:
- Plus500 is a secure online broker with an excellent offering for professional traders.
- IC Markets is a forex broker with excellent learning tools for new traders.
- Both online brokers offer a virtual trading account to test their offering.
Plus500 is a good choice for professional investors, as it has limited educational and research tools. We recommend IC Markets for traders who want to improve their trading skills.
Level of experience
Plus500 does not include in its portfolio learning tools. It is a premium choice for experienced traders, as it has reliable platforms and professional tools. Plus500 offers some trading tools, including an economic calendar. It has a demo account, useful for traders to test its tools.
IC Market is an online broker with valuable educational and research materials. It offers forex education, webinars, and an investor dictionary. IC Markets provides trading ideas, charting tools, analytics, and sentiment indicators.
The minimum initial deposit at Plus500 is €100, while at IC Markets is $200. The average EUR/USD spread at Plus500 is 0.6, while at IC Markets is 0.8. IC Markets offers an active trader discount.
Both brokerage firms offer access to leading forex pairs, including EUR/USD and GBP/USD. Plus500 has 50 currency pairs, and IC Markets has 61 available pairs. Plus500 offers access to 2033 CFDs, while IC Markets has 230 available CFDs.
Plus500 has a professional proprietary platform with a web and a desktop version. It offers limited educational materials, being a better choice for experienced traders. Plus500 offers an impressive mobile trading experience with access to standard tools.
IC Market offers the MetaTrader suite as its web and mobile platforms. Both are well-designed and user-friendly. IC Market offers impressive customizability and clear fee reports. It is a good fit for beginners, as it has a dedicated learning center.
Banking services are key for an excellent online trading experience. Both brokers offer many funding options, including bank transfers, credit/debit, PayPal, and Skrill.
Plus500 and IC Markets are leading online brokers in 2021. Both have strengths and weaknesses, depending on your needs and trading skills. Plus500 is a good choice for professional traders, as its platforms are challenging to learn for new traders. We recommend IC Markets for traders of all levels of experience because of its research and educational tools.
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