Plus500 vs. IC Markets

Page Summary

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, DFSA, ASIC, and FCA. Plus500 is a good choice for experienced traders, as it has premium platforms. 

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Compare brokers
Plus 500 logo

Plus500

Open account Read review

77% of retail CFD accounts lose money

IC Markets logo

IC Markets

Open account Read review

73.59% of retail CFD accounts lose money

BROKER COMPARISON

Plus 500 logo
IC Markets logo

Overall rating

3,7/5

4,5/5

Overall rating

3,7/5

4,5/5

Trading Platform & Tools

3.3

4.4

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 300:1 1:500
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

3.5

4.7

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

3.1

4.8

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

Assets

2.9

3.6

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
Forex 60 61
CFD Indices & Funds 430 25
CFD Stocks 1000 730
CFD Commodities 22 22
CFD Crypto 0 18
CFD Bonds 0 11
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

2.1

4.8

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

Customer Support

4.5

3.7

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

Winner

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. 
  2. IC Markets is a forex broker with excellent learning tools for new traders. 
  3. 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. 

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, 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. 

Plus500 compared to other brokers:
Plus500 Review
Plus500 Insights

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