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- Plus500 vs IC Markets – Compare brokers, review spreads, costs, commissions regulations
Plus500 vs IC Markets
In the table above we compare FX Broker Plus500 vs FX BrokerIC Markets .This is a very important step before starting to trade on the currency markets as by choosing the wrong broker could get you stuck or even put of trading in the currency markets.
Five major things to look out for are:
1. Compare Regulations: Plus500 vs IC Markets
Is Broker IC Markets regulated or is Broker IC Markets regulated?
Compare Plus500 vs IC Markets and find out who is regulated and where.
In the event Plus500 or IC Markets goes bankrupt, the different regulators can help you recover sums up to 100,000 USD. Obviously this depends on who regulates Plus500, and who regulates IC Markets
2. Compare Account types: Plus500 vs IC Markets
Every body has different needs, who is looking for an ECN forex account and who is simply looking for a market maker. Compare Plus500 vs IC Markets in the table above and find out what type of accounts do they offer (DMA-STP, ECN-STP, STP, Market maker), what leverage they offer(between 1:100 and 1:2000), do your forex strategies require a Metatrader 4(MT4), do you need a demo account, have you downloaded an EA and would like to test it on Plus500’s demo account or IC Markets ‘s demo account? Do you neem direct market access or need to access Plus500’s API or IC Markets’s API?
What initial deposit is Plus500 asking for and what initial deposit is IC Markets asking for?
3. Currency Pairs Offered
Do you trade the usual currency pairs or do you need a greater number of exotic currencies, compare Plus500 vs IC Markets and see who offer more or less currency pairs.
4. Customer Service
One of the most important aspects is Plus500’s customer service vs IC Markets’s customer service. As if you have an issue you would like to speak or chat to someone immediately.
5. Trading Platform
The trading platform is also extremely important as you will spend a lot of time on Plus500’s FX trading platform or IC Markets’s currency trading platform. try different platforms top see which one you like, the most popular on the forex market is MT4 or Metatrader 4, but there are many other platforms like Metatrader4 ECN, MT5 or Currenex. Compare Plus500 vs IC Markets and see who offers 4 digits or 5 digits pricing, which of the two allows experts advisors on the MT4.
Not to forget to compare Plus500’s fees vs IC Markets ‘s fees.
For those that a different style of trading, compare Plus500 vs IC Markets to see who offers, Mirror Trader, ZuluTrade, or Signal Trader
If you would like to trade with your IOs or windows mobile platform compare Plus500 vs IC Markets and see who offers a platform for your apple, android or tablet and where to download the app to FX trade with either Plus500 or IC Markets
For any further questions feel free to comment below. If you would like to leave a review of Plus500 or review IC Markets, feel free to do so too.
| Product Name |
Plus500IC Markets |
| Product Image |
|
| Price | |
| Our Rating | |
| Brand | FX Brokers FX Brokers |
| Category | Forex Broker Forex Broker |
Broker
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|
| Website | www.plus500.com |
| Broker Type | Market maker ECN/STP |
| Broker Country | United Kingdom Australia |
| Regulation | FCA UK ASIC |
| Indipendant Broker | Independent broker Independent broker. |
| Year in Industry | 2008 2007 |
Account
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|
| Accept US Clients | Yes Yes |
| Mini account deposit | $100 $200 |
| Standard account deposit | $100 $200 |
| ECN account deposit | $200 |
| Trading account currency | EUR Account, GBP Account, CHF Account, JPY Account, CAD Account, AUD Account, NZD Account, PLN Account USD Account, EUR Account, GBP Account, CHF Account, AUD Account, JPY Account, CAD Account, SGD Account, NZD Account, HKD Account |
| Leverage Account | 294 : 1 500 : 1 Standard Account |
| Minimal size lot | 0.01 lot 0.01 lot |
| Leverage Mini account | Mini Account, Standard Account Mini Account, Standard Account, ECN Account |
Payments
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|
| Funding method | Bank Wire, Credit Card, Skrill, PayPal Bank Wire, Credit Card, Check, WebMoney, Skrill, BPAY, Neteller, Cash, FasaPay, QIWI |
| Withdrawal method | Bank Wire, Check, Skrill, PayPal Bank Wire, Credit Card, GlobalCollect |
Costs
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|
| Commissions | no no - Mini & Standard account |
| Costs & Spreads | fixed variable |
| Costs/Lowest spreads on EURUSD | 0.8 pips 1 pips Mini account |
Trading
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|
| Premium trading | no No dealing desk, level 2 trading |
| Scalping | no yes, scalpers welcome |
| Hedging | |
| EAs allowed | no yes |
Platform
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|
| Trading platform type | Plus500 Desktop/iOS/Android/Smartphone/Mobile, Web Trader MT5 Demo, MT4 (ECN), MT4 Desktop/Mobile, cTrader Desktop/ Web/Mobile, Myfxbook, SignalTrader, ZuluTrade |
| Platform time zone | adjustable GMT |
| Decimal pricing | 4 digits 5 digits |
| Trailing stops | Trailing Stoploss Trailing Stoploss |
| OCO orders | No OCO orders OCO orders |
| One click | No One click trading One click trading |
| Mobile trading | |
| Webtrading | |
| API Solutions |
Products
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|
| Currency pairs | 59 fx pairs 56 fx pairs (21 exotic) |
| Exotic Pairs | Exotic Forex Pairs |
| Gold Silver | Gold, Silver Gold, Silver |
| CFD Trading | CFD trading CFD trading |
| Other instruments | Stocks, Indices, Commodities, Energies, ETFs Indices, Commodities, Energies |
Other
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|
| MAM PAMM LAMM | no MAM |
| Managed Accounts | No Yes |
| Swap free accounts | No Yes |
| Segregated client accounts |
Promotions and Offers
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|
| Bonuses (T&Cs apply) | Yes Yes |
| Contests | No Yes |



