Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
---|---|---|---|---|
IC Markets | $200 Minimum Deposit | MT4, MT5, 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 | Web Trader & Apps Trading Platforms | 2800+ Markets To Trade | Plus500 provides a user friendly 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 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 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 an CFD broker offering MT4, MT5 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 $200. 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 Markets'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 abut 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 | Web Trader &s; Apps Trading Platforms | Plus500 provides a user friendly, intuitive trading platform with a wide range of market to trade Description |
IC Markets Broker | MT4, MT5, 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 |
Cryptocurrency CFDs
- IC Markets provides CFDs on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, EOS, Stellar, Cardano, Uniswap, Polkadot, Chainlink, Ripple, Dash, Dogecoin, Tezos, Binance Coin, Namecoin, Peercoin and Emercoin.
- Plus500 offers CFDs on Bitcoin, Bitcoin Cash, Ethereum, Litecoin, EOS, Stellar, Cardano, Uniswap, Polkadot, Chainlink, NEO, IOTA, Polygon, VeChain, Solana, Axie Infinity and Filecoin.
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 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.
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 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 markets to trade may find Plus500 of interest.
Why IC Markets or Plus500 ?
Those who want to trade on MT4, MT5 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 this at IC Markets. Those who want to trade a relatively large number of markets can do this 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 and cTrader
- Plus500 provides a user friendly platform
- IC Markets allows automated trading (and scalping)
- Plus500 has a lower minimum deposit
- IC Markets provides social and copy trading