| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| IC Markets | $0 Minimum Deposit | MT4, MT5, TradingView, cTrader Trading Platforms | 2500+ Markets To Trade | IC Markets allows automated trading and styles such as scalping and high frequency trading About |
| Plus500 | $100 Minimum Deposit | Plus500's CFD Platform Trading Platforms | 2800+ Markets To Trade | Plus500 provides a user friendly CFD trading platform for traders who execute their own trades About |
IC Markets and Plus500 Comparison
IC Markets is a no-dealing-desk intervention broker with MT4, MT5, TradingView, and cTrader, and has rebranded to “IC.” Plus500 offers one platform, which provides CFD trading without a commission charge. This platform aims to provide an intuitive trading experience.
Plus500 has a focus on traders who execute their own trades and may appreciate a clear, user-friendly platform, while IC Markets supports automated traders as well as traders who execute their own trades (it offers 2000+ Stocks CFDs to trade).
IC Markets offers a range of platforms for social and copy trading.
IC Markets is regulated by the ASIC in Australia, the CySEC in Cyprus, and the FSA in the Seychelles.
Plus500UK Ltd is authorized and regulated by the FCA (#509909). Plus500CY Ltd is authorized and regulated by CySEC (#250/14). Plus500SG Pte Ltd is licensed by the MAS (#CMS100648-1) in Singapore. Plus500AU Pty Ltd (ACN 153301681) is licensed by: ASIC in Australia, AFSL #417727, and FMA in New Zealand, FSP #486026, and is an authorised Financial Services Provider in South Africa, FSP #47546. Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18). Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651). Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039).
Quick comparison
IC Markets is a CFD broker offering MT4, MT5, TradingView, and cTrader, while Plus500 is a CFD provider with a user-friendly platform.
Minimum deposit and account types
The minimum deposit for IC Markets is $0. The minimum deposit for Plus500 is $/€/£100 or AU$200.
- IC Markets offers the Standard, Raw Spread, Islamic (Swap Free), and cTrader Raw accounts. IC Markets provides market analysis, Web TV (market commentary and trade ideas in a video), educational articles and video tutorials, and an economic calendar on its website. IC Markets provides ZuluTrade and Myfxbook for social and copy trading. IC Markets uses Equinix NY4 and London LD5 servers to deliver low-latency trading conditions and has micro (0.01) lot trading.
- IC Market's Standard account does not charge a commission, but the Raw Spread and cTrader Raw accounts charge a commission. Scalping, hedging, and automated trading are allowed.
- Plus500 provides CFD trading. For all traders, Plus500 offers an Economic Calendar on its website covering news events and market effects, and has economic data integrated into its platform. Plus500 offers the +Insights tool, which provides real-time data about the activity of other Plus500 traders. Additionally, Plus500 offers a Trading Academy on its website as well as News and Market Insights.
Markets
- IC Markets offers CFDs on Currency Pairs, Indices, Energy, Soft Commodities, Cryptocurrencies, Stocks, ETFs, Metals and Bonds, with 2500+ available.
- Plus500 offers CFDs on Currency Pairs, Indices, Energy, Soft Commodities, Cryptocurrencies, Stocks, ETFs, Metals and Options, with 2800+ available.
| Broker | Trading Platforms | Description |
|---|---|---|
| Plus500 Broker | Plus500's CFD Platform Trading Platforms | Plus500 provides a user-friendly, intuitive trading platform with a wide range of CFDs to trade Description |
| IC Markets Broker | MT4, MT5, TradingView, cTrader Trading Platforms | IC Markets offers platforms and infrastructure to support automated trading and styles such as scalping and provides social and copy trading Description |
Spreads and leverage
Plus500 offers variable spreads depending on the instrument. IC Markets provides variable Forex spreads from 0 plus a commission charge and from 1 without a commission charge.
Maximum leverage for IC Markets (ASIC or CySEC regulated) is . Maximum leverage for IC Markets (FSA regulated) is 5000:1. Maximum leverage for Plus500 is .
Commissions
- IC Markets charges a commission of $3.50 per lot per side for the True ECN account, and the cTrader account charges a commission of $3 per 100,000 USD traded per side.
- Plus500 has no commissions and tight spreads.
Online trading platforms
Plus500 offers its own trading platform, which is available on desktop, tablet, mobile, and watch.
IC Markets provides a web trader and MT4, MT5, TradingView, and cTrader, available for desktop, tablet, and mobile.
What kinds of traders may find these of interest?
Traders who want to trade with a broker offering high-speed order execution and support for a wide range of styles, from scalping to robots to high-frequency trading to copy trading, may find IC Markets of interest. Traders who execute their own trades and want a clear, intuitive trading platform with a wide range of CFDs to trade may find Plus500 of interest.
Why IC Markets or Plus500?
Those who want to trade on MT4, MT5, TradingView, or cTrader can do this at IC Markets. Traders who want to trade on a user-friendly platform may do so at Plus500. Traders who want to use automated trading can do so at IC Markets. Those who want to trade a relatively large number of CFDs can do so at either. Traders who want to social and copy trade can do this at Plus500.
Comparison summary
- Both provide CFD trading
- IC Markets offers MT4, MT5, TradingView, and cTrader
- Plus500 provides a user-friendly platform
- IC Markets allows automated trading (and scalping)
- IC Markets has a lower minimum deposit
- IC Markets provides social and copy trading
