Compare IC Markets vs Plus500


Online brokers compared for fees, trading platforms, safety and more. See how IC Markets stacks up against Plus500!

IC Markets vs Plus500
overall rating
4.4
4.4
overall pros
  • Low forex fees
  • Easy and fast account opening
  • Free deposit and withdrawal
  • Easy-to-use platform
  • Low trading fees
  • Listed on the London Stock Exchange
overall cons
  • No investor protection
  • No negative balance protection
  • Only forex, CFD and crypto trading
  • Limited product portfolio, only CFDs & forex
  • Minimal research tools
  • Mid-range educational section
fees
4.3
  • Low trading fees
  • Low non-trading fees
  • Low forex fees
  • High financing rate for CFDs
3.6
  • Low trading fees
  • No withdrawal fee
  • Inactivity fee
account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
4.9
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
5.0
  • Credit/Debit card available
  • No deposit fee
  • Five withdrawals per month free
web trading platform
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
4.4
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
mobile trading platform
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
  • No order confirmation
4.9
  • User-friendly
  • Two-step (safer) login
  • Good search function
desktop trading platform
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
1.7
  • Forex
  • CFD
  • Crypto
1.9
  • Forex
  • CFD
  • Crypto
research
3.8
  • Trading ideas
  • Quality news flow
  • User-friendly
  • No fundamental data available
2.8
  • Good interactive chart
  • User-friendly
  • No trading ideas
  • No fundamental data available
  • No/poor quality news flow
customer service
3.6
  • Phone support
  • Live chat
  • Fast response time
  • Slow and irrelevant live chat
5.0
  • Live chat
  • Relevant answers
  • 24/7 availability
  • No phone support
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
1.5
  • Demo account
  • No trading platform tutorial videos
  • Only few and basic educational videos
  • Majority of clients belong to a top-tier financial authority
  • In operation for a long time
  • No investor protection
  • No negative balance protection
  • Does not hold a banking license
  • Listed on stock exchange
  • Negative balance protection
  • Financial information is publicly available
  • Does not hold a banking license
recommended for Forex traders who value easy account opening and free deposit/withdrawal options Experienced traders looking for an easy-to-use platform and a great user experience
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