Compare IC Markets Vs Plus500: Which is the Better Forex Broker in 2024?
IC Markets Vs Plus500, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between IC Markets Vs Plus500, here is the direct comparison:
Compare | IC Markets | Plus500 |
General Rating |
4.02/5 |
1.00/5 |
Score | ||
Trustpilot |
4.8/5 32767 users |
3.5/5 1407 users |
πΌ Regulation | ||
β Info | ||
β Established | 2007 | 2008 |
π² Min Deposit | $200 | $100 |
β Max Leverage | 1:1000 | 1:300 |
π’ Spread | Variable | Fixed |
πΈ Commissions | $3.50 | |
π‘ Min Position | 0.01 lot | 0.005 lot |
π³ Payment | Crypto, BPAY, Credit/debit cards, FasaPay, Neteller, PayPal, Skrill, UnionPay and Wire transfer | PayPal, Skrill, Wire transfer, Credit/debit cards, BPAY, iDEAL, SOFORT, giropay and Przelewy24 |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Indices | ||
Commodities | ||
Etf | ||
Bonds | ||
Stock | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
EU Stocks | ||
Physical Stock | ||
Index |
π£ Website Languages | Arabic, Chinese, English, German, Indonesian, Japanese, Korean, Malay, Portuguese, Russian, Spanish | Arabic, Bulgarian, Czech, Danish, German, Greek, English, Spanish, Estonian, Finnish, French, Croatian, Hungarian, Icelandic, Italian, Hebrew, Japanese, Korean, Lithuanian, Latvian/Lettish, Malay, Mal |
πͺ Trade Now | Open IC Markets | Open Plus500 |
Compare Again
Testimonials
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IC Markets: I am happy to cooperate with this broker
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IC Markets: Failed to log in...again
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IC Markets: Tough withdrawal
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IC Markets: Mediocre but okay
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IC Markets: good for backtest strategy
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Plus500: There's no problem actually with their deposit process, but need...
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Plus500: They have a simple program. As a newbie in the...
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Plus500: For my 1st experience with broker, Plus500 have a very...
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Plus500: Plus500 don't like it if their trader makes a lot...
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Plus500: For almost 4 weeks they prevent me to withdraw my...
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See More IC Markets Testimonials
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See More Plus500 Testimonials
News
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Plus500 Boosts Shareholder Value with $100 Million Share Buyback
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Level Up Your Trading in IC Markets Global with TradingView
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IC Markets Faces Class-Action Lawsuit in Australia for Alleged Misleading Conduct
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Earn Cash While You Sleep with IC Markets Refer a Friend
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IC Markets Launches IC Shares: Invest in ASX & CBOE with Zero Fees
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Don't Miss It: Join IC Markets Webinar about Multi Time Frame Analysis
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Forex Broker Plus500 Surpasses Expectations with $725M in Revenues
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Plus500 Expands to US Futures Market with FIA Membership
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In Collaboration with FINclear, IC Markets Introduces IC Shares
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See More Related IC Markets News
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See More Related Plus500 News
Article
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Earn Up to $150 from IC Markets Global Exclusive Redeemable Bonus
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Elevate Your Trade with IC Markets MT4 Advanced Tools
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Master IC Markets cTrader Platform with This Guide
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Social Trading Platforms in IC Markets You Should Know
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IC Markets Correlation Trader: the Must-Have Tool for Savvy Traders
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Comparing Tickmill Vs IC Markets Mobile App
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XM Vs IC Markets Trading App, Which One is Better?
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IC Markets Partner: A Way to Get Passive Income without Trading
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IC Markets Slippage Policy vs Traders' Testimonies
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See More Related IC Markets Article
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- Comparison List
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, IC Markets provides their pricing with Variable spread while Plus500 offers Fixed spread.
IC Markets vs Plus500: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, IC Markets enables trading with MetaTrader 4, MetaTrader 5, cTrader, webIRESS, ProDeal, Social Trading, ZuluTrade. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, Plus500 provides trading with Plus500 Windows Trader, Plus500 WebTrader with the support of Trailing stop, Pending orders.
Is IC Markets or Plus500 better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, IC Markets supports trading with Forex, CFD, Bonds, Crypto, Commodities, Gold, Oil, Indices, Stock, while Plus500 presents the ability of trading with Forex, Gold & silver, CFD, Oil, Stocks, Options, Indexes, Metals, Energies, ETF, Spread betting, Crypto.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to IC Markets and Plus500:
- Compare IC Markets vs Interactive Brokers
- Compare IC Markets vs Tickmill
- Compare IC Markets vs FXTM
- Compare Plus500 vs Fxview
- Compare Plus500 vs Blueberry Markets
- Compare Plus500 vs Pepperstone
For more comparisons, visit this page.