IC Markets
Plus500

Regulations and Licenses

Feature
IC Markets
Plus500
ASIC (Australia)
FCA (UK)
MAS (Singapore)
FSCA (South Africa)
CYSEC (Cyprus)
FMA (New Zealand)
DFSA (Dubai)
FSA (Seychelles)
Other Regulators

Brokerage

Feature
IC Markets
Plus500
EUR/USD Avg. Raw Spread
0.10
-
GBP/USD Avg. Raw Spread
0.70
-
AUD/USD Avg. Raw Spread
0.10
-
EUR/USD Standard Spread
0.62
1.70
EUR/USD Fixed Spreads
-
-
GBP/USD Avg. Standard Spread
0.82
2.3
AUD/USD Avg. Standard Spread
0.83
1.4
Commissions (USD Base)
$3.50
-
Minimum Deposit
$0
$100
Swap Free Account
No Inactivity Fees
Funding Methods
15+
3+
No Funding Fees

Markets and Instruments

Feature
IC Markets
Plus500
Currency Pairs
61+
71+
Cryptocurrency CFDs*
18+
15+
Index CFDs
16+
67+
Share CFDs
100+
1816+
Commodities CFD
26+
22+
Stockbroking
-
-
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
500:1
300:1
Retail Max. Leverage (United Kingdom)
-
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (United Kingdom)
-
300:1
Retail Max. Leverage (Europe)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
500:1
300:1
Retail Max. Leverage (Singapore)
-
Major Pairs 20:1
Retail Max. Leverage (With offshore regulators)
-
Major Pairs 30:1
Minor Pairs 20:1
Professional Leverage
-
300:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
IC Markets
Plus500
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

IC Markets
Plus500
Our Rating
85
57
 

Our full comparison covers the 10 most important trading factors between IC Markets and Plus500. Here are five key differences:

  1. IC Markets offers consistently tighter spreads, meaning lower trading costs compared to Plus500.
  2. IC Markets provides a choice of MetaTrader 4, MetaTrader 5, and cTrader platforms, whereas Plus500 offers a proprietary platform.
  3. IC Markets’ Raw ECN Account features raw spreads from 0.0 pips and a commission of USD$3.5 per 100k traded, unlike Plus500’s singular account type with no commission.
  4. IC Markets emphasises execution speed and technology to manage slippage risks, while Plus500 offers guaranteed stop-loss.
  5. IC Markets is regulated by ASIC, CySEC, and FSA, offering leverage up to 500:1; Plus500 is regulated by multiple entities, including ASIC and FCA, with a maximum leverage of 300:1.