Is IC Markets better than Plus500? In our analysis of 23 international regulators across 50 brokers, IC Markets is considered average-risk, with an overall Trust Score of 85 out of 99. Plus500 is considered low-risk, with an overall trust score of 98 out of 99. Learn more about Trust Score.
ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure
Plus500 vs IC Markets 2021
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
|
|
|
Overall Rating
| Feature | Plus500 | IC Markets |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 98 | 85 |
| Plus500 Review | IC Markets Review | |
| 72% of retail CFD accounts lose money | 74-89% of retail CFD accounts lose money |
Regulation
| Feature | Plus500 | IC Markets |
| Trust Score | 98 | 85 |
|
Year Founded |
2008 | 2007 |
|
Publicly Traded (Listed) |
Yes | No |
|
Bank |
No | No |
|
Tier-1 Licenses |
3 | 1 |
|
Tier-2 Licenses |
4 | 1 |
|
Tier-3 Licenses |
0 | 1 |
|
Authorised in the European Union |
Yes | No |
Tier-1 Licenses (High Trust)
| Feature | Plus500 | IC Markets |
|
ASIC Authorised (Australia) |
Yes | Yes |
|
IIROC Authorised (Canada) |
No | No |
|
SFC Authorised (Hong Kong) |
No | No |
|
FSA Authorised (Japan) |
No | No |
|
MAS Authorised (Singapore) |
Yes | No |
|
FINMA Authorised (Switzerland) |
No | No |
|
FCA Authorised (UK) |
Yes | No |
|
CFTC Registered (USA) |
No | No |
Investments
| Feature | Plus500 | IC Markets |
|
Forex Trading |
Yes | Yes |
|
CFDs (Total) |
2033 | 230 |
|
Forex Pairs (Total) |
50 | 61 |
|
Cryptocurrency (Physical) |
No | No |
|
Cryptocurrency (CFD) |
Yes | Yes |
|
Social Trading / Copy-Trading |
No | Yes |
Cost
| Feature | Plus500 | IC Markets |
|
Average Spread EUR/USD - Standard |
0.6 (as of Aug 2018) | 0.8 (July 2020) |
|
All-in Cost EUR/USD - Active |
N/A | 0.7 (July 2020) |
|
Active Trader or VIP Discounts |
No | Yes |
Funding
| Feature | Plus500 | IC Markets |
|
Minimum Deposit |
€100 | $200 |
|
Bank Wire (Deposit/Withdraw) |
Yes | Yes |
|
Visa/Mastercard (Credit/Debit) |
Yes | Yes |
|
PayPal (Deposit/Withdraw) |
Yes | Yes |
|
Skrill (Deposit/Withdraw) |
Yes | Yes |
Trading Platforms
| Feature | Plus500 | IC Markets |
|
Proprietary Platform |
Yes | No |
|
Desktop Platform (Windows) |
Yes | Yes |
|
Web Platform |
Yes | Yes |
|
Social Trading / Copy-Trading |
No | Yes |
|
MetaTrader 4 (MT4) |
No | Yes |
|
MetaTrader 5 (MT5) |
No | Yes |
|
cTrader |
No | Yes |
|
DupliTrade |
No | No |
|
ZuluTrade |
No | Yes |
Trading Tools
| Feature | Plus500 | IC Markets |
|
Virtual Trading (Demo) |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watchlists - Total Fields |
10 | (default MT4/MT5/cTrader) |
|
Charting - Indicators / Studies (Total) |
103 | (default MT4/MT5/cTrader) |
|
Charting - Drawing Tools (Total) |
21 | (default MT4/MT5/cTrader) |
|
Charting - Trade From Chart |
No | Yes |
|
Charting - Drawings Autosave |
No | Yes |
|
Order Type - Trailing Stop |
Yes | Yes |
Mobile Trading
| Feature | Plus500 | IC Markets |
|
Android App |
Yes | Yes |
|
Apple iOS App |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watch List |
Yes | Yes |
|
Watch List Syncing |
Yes | No |
|
Charting - Indicators / Studies |
18 | (default MT4/MT5/cTrader) |
|
Charting - Draw Trendlines |
No | Yes |
|
Charting - Trendlines Moveable |
No | No |
|
Charting - Multiple Time Frames |
Yes | Yes |
|
Charting - Drawings Autosave |
No | No |
|
Forex Calendar |
No | No |
Research
| Feature | Plus500 | IC Markets |
|
Daily Market Commentary |
No | Yes |
|
Forex News (Top-Tier Sources) |
No | Yes |
|
Weekly Webinars |
No | No |
|
AutoChartist |
No | Yes |
|
Trading Central (Recognia) |
No | Yes |
|
Delkos Research |
No | No |
|
Social Sentiment - Currency Pairs |
No | Yes |
|
Economic Calendar |
Yes | Yes |
Education
| Feature | Plus500 | IC Markets |
|
Has Education - Forex |
No | Yes |
|
Has Education - CFDs |
No | No |
|
Client Webinars |
No | No |
|
Client Webinars (Archived) |
No | Yes |
|
Videos - Beginner Trading Videos |
No | No |
|
Videos - Advanced Trading Videos |
No | No |
|
Investor Dictionary (Glossary) |
No | Yes |
Major Forex Pairs
| Feature | Plus500 | IC Markets |
|
GBP/USD |
Yes | Yes |
|
USD/JPY |
Yes | Yes |
|
EUR/USD |
Yes | Yes |
|
USD/CHF |
Yes | Yes |
|
USD/CAD |
Yes | Yes |
|
NZD/USD |
Yes | Yes |
|
AUD/USD |
Yes | No |
Overall
| Feature | Plus500 | IC Markets |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 98 | 85 |
| Plus500 Review | IC Markets Review |
Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare IC Markets vs Plus500.
Does IC Markets or Plus500 offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IC Markets offers better pricing overall for traders.
Is IC Markets or Plus500 safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. Plus500 holds 3 global Tier-1 licenses, while IC Markets holds 1. Plus500 holds 4 global Tier-2 licenses, while IC Markets holds 1. In our analysis of 23 international regulators across 50 brokers, Plus500 earned a higher Trust Score than IC Markets.
Which trading platform is better: IC Markets or Plus500?
To compare the trading platforms of both IC Markets and Plus500, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Plus500 offers a better experience. With research, IC Markets offers superior market research. Finally, we found Plus500 to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. While IC Markets offers copy trading, Plus500 does not. IC Markets offers MetaTrader 4 (MT4), while Plus500 does not.
How many forex pairs and CFDs are available to trade?
IC Markets provides traders 61 currency pairs (e.g., EUR/USD) compared to Plus500's 50 available pairs. Forex pairs aside, Plus500 offers traders access to 2033 CFDs while IC Markets has 230 available CFDs, a difference of 1,803.
Can I trust IC Markets?
IC Markets is not publicly traded and does not operate a bank. IC Markets is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). IC Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC).
Can I trust Plus500?
Plus500 is publicly traded and does not operate a bank. Plus500 is authorised by three tier-1 regulators (high trust), four tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Plus500 is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA), Australian Securities & Investment Commission (ASIC), and the Monetary Authority of Singapore (MAS).
Is IC Markets good?
IC Markets caters exceptionally-well to algorithmic traders through its commission-based accounts. That said, the range of markets, and research materials offered by IC Markets are not as impressive.
Is Plus500 good?
Plus500 is a trusted global brand that offers online traders an easy-to-use trading platform and a thorough selection of CFD instruments. However, Plus500 trails industry leaders in market research and advanced trading tools desired by active traders.
Overall winner: Plus500
Read Next: Best Forex Brokers 2021
Related Comparisons
- Plus500 vs. CMC Markets
- Plus500 vs. eToro
- IC Markets vs. IG
- IC Markets vs. Pepperstone
- IC Markets vs. Vantage FX
- Plus500 vs. IG
Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.
The names, products, services, branding/logos, and other trademarks or images featured or cited within this Website (www.forexbrokers.com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with ForexBrokers.com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses ForexBrokers.com or any of its reviews, products, or services. ForexBrokers.com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.
Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).
