IC Markets vs Plus500 Comparison

IC Markets vs. Plus500 Broker Comparison

IC Markets versus Plus500 Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200MT4, MT5, cTrader230+ASIC, CySEC, FSA
$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 traders who execute their own trades and may appreciate a clear, user friendly platform, while IC Markets supports automated traders who may appreciate an ECN trading environment, as well as traders who execute their own trades.

Plus500 offers 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, 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) 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 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 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, 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. IC Markets provides variable Forex spreads from 0 plus a commission charge and from 1 without a commission charge.

Maximum leverage for IC Markets (CySEC regulated) is . Maximum leverage for IC Markets (ASIC or 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.

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

  • Both brokers provide CFD trading
  • IC Markets offers MT4, MT5 and cTrader
  • IC Markets has support for trading with robots and social and copy trading
  • Plus500 offers a user friendly trading platform
  • IC Markets has a competitive number of markets for an ECN broker
  • Plus500 offers more markets to trade

What kinds of traders may find these brokers of interest ?

Traders who want to trade with an ECN broker offering high speed order execution and support for a wide range of styles from scalping to robots to high frequency 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.

Plus500

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