Home Brokers comparison Plus500 vs. IC Markets

Plus500 vs. IC Markets

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Plus500 and IC Markets are leading online brokers, 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 NamePlus500IC Markets
Year Founded20082007
RegulationFCA, ASIC, CySEC, FSCA, FMA, MAS, FSAFSA, ASIC & CySec 
Tradable AssetsForex, Commodities, Individual shares, ETFs, Options, Cryptocurrencies.Cryptocurrency, CFD, Forex & Futures 
Min Deposit$100$200
Min Trade$00.01 Lots 
PlatformsWeb, MobileMT4, MT5
DepositFree of chargeFree of charge
WithdrawalsFree of chargeFree 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:  

  1. Plus500 is a secure online broker with an excellent offering for professional traders. 
  1. IC Markets is a forex broker with excellent learning tools for new traders. 
  1. 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. 

Overall Rating

FeaturePlus500IC Markets
Overall44
Commissions & Fees44.5
Offering of Investments43.5
Platforms & Tools44
Mobile Trading44
Research33.5
Education33.5
Trust Score9885
WinnerYES
72% of retail CFD accounts lose money74-89% of retail CFD accounts lose money

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. 

Fees  

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. 

Assets  

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. 

Trading platform  

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  

Banking services are key for an excellent online trading experience. Both brokers offer many funding options, including bank transfers, credit/debit, PayPal, and Skrill. 

Final verdict  

Plus500 and IC Markets are leading online brokers. 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. 


Methodology 

The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

Stefan Grasic, along with our team of industry experts, conducted our reviews and developed this methodology for ranking what form is used in online investing.

Business24-7 maintains high editorial standards and provides the best advice and recommendations. The products and companies that we review may compensate us when you click on the links on this website. Click below to find out more about our review process and methodology.

Disclosure

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.

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