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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

Plus500

IC Markets

Product Image Plus500 IC Markets
Price
Our Rating 5.0 5.0
Brand FX Brokers FX Brokers
Category Forex Broker Forex Broker

Broker

Plus500IC Markets
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

Plus500IC Markets
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

Plus500IC Markets
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

Plus500IC Markets
Commissions no no - Mini & Standard account
Costs & Spreads fixed variable
Costs/Lowest spreads on EURUSD 0.8 pips 1 pips Mini account

Trading

Plus500IC Markets
Premium trading no No dealing desk, level 2 trading
Scalping no yes, scalpers welcome
Hedging
EAs allowed no yes

Platform

Plus500IC Markets
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

Plus500IC Markets
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

Plus500IC Markets
MAM PAMM LAMM no MAM
Managed Accounts No Yes
Swap free accounts No Yes
Segregated client accounts

Promotions and Offers

Plus500IC Markets
Bonuses (T&Cs apply) Yes Yes
Contests No Yes