IC Markets vs Plus500 Comparison

IC Markets vs. Plus500 Broker Comparison

IC Markets versus Plus500
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200MT4, MT5, cTrader230+ASIC
$100Web Trader & Apps2000+ASIC, FCA,
FSB, CySEC, MAS & IE, FMA

IC Markets and Plus500 Comparison

IC Markets is an ECN broker, with MT4, MT5 and cTrader. Plus500 offers one platform, which provides CFD trading without a commission charge. This platform aims to provide an intuitive trading experience. So Plus500 has a focus on discretionary trading, while IC Markets supports automated trading, as well as discretionary trading.

Plus500 has many more markets to trade than IC Markets, but IC Markets has a competitive number for an ECN broker. Both have a range of Cryptocurrency CFDs.

IC Markets is regulated by the ASIC in Australia. 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) and IE Singapore (#PLUS/CBL/2018). 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.

Quick comparison

IC Markets is an ECN CFD broker offering MT4, MT5 and cTrader while Plus500 is a CFD broker with a web trader and apps, and more markets to trade.

Minimum deposit and account types

The minimum deposit for IC Markets is $200. The minimum deposit for Plus500 is $/€/£100 or AU$200.

  • IC Markets offers four account types. These are Standard, True ECN, Islamic (Swap Free) and the cTrader ECN account.
  • IC Markets's Standard account does not charge a commission, but the True ECN account charges a commission. The cTrader ECN also charges commissions.
  • IC Markets says that the True ECN and cTrader accounts are more suited to EAs and Scalpers, but all trading styles are welcome on each account type.
  • Plus500 offers an Economic Calendar on its website covering news events and market effects.

Markets

  • IC Markets offers 230+ CFDs, covering Currency Pairs, Indices, Energy, Soft Commodities, Cryptocurrencies, Stocks, ETFs, Precious Metals and Bonds.
  • Plus500 offers 2000+ CFDs covering Currency Pairs, Indices, Energy, Soft Commodities, Cryptocurrencies, Stocks, ETFs, Metals and Options.

Cryptocurrency CFDs

  • IC Markets provides Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, EOS, Dash, Namecoin, Peercoin and Emercoin.
  • Plus500 provides Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, EOS, IOTA, NEO, Monero, Stellar, Cardano and TRON.

Spreads and leverage

  • Plus500 offers fixed and variable spreads depending on the instrument.
  • Spreads at IC Markets are variable and are from -0.3 for EUR/USD on cTrader and 0.01 on MT4 with an average of 0.1, from 1 for UK100, from 0.3 for Gold and from 0.01 for US Crude Oil. For the Standard account EUR/USD spreads are from 1.

Maximum leverage for IC Markets is 500:1. 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 does not charge commissions.

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 and cTrader (including cAlgo), available for desktop, tablet and mobile.

Why IC Markets or Plus500 ?

IC Markets is an ECN broker with a range of platforms suited to this type of trading, and a relatively large number of markets for this kind of broker. Plus500 is for traders who make their own trading decisions, offering an intuitive platform and more markets to trade.

Comparison summary

  • Plus500 offers CFD trading with a large number of CFDs available and a range of markets
  • IC Markets has less, but a competitive number for an ECN broker
  • IC Markets provides very low spreads with a commission charge
  • Plus500 provides tight spreads for CFD trading, with no commission charge
  • IC Markets also offers spreads with no commission charge
  • Plus500 provides a web trader and apps, IC Markets provides MT4, MT5 and cTrader

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