IC Markets vs Plus500, Updated for 2023
Read our In-Depth IC Markets vs Plus500 Review - for 2023
This IC Markets vs Plus500 review has been updated for 2023 from seasoned professionals with significant financial experience in Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of IC Markets vs Plus500 does not apply to all countries as follows:
IC Markets Excluded Countries
United States of America, Canada, Israel, New Zealand, Japan, and Iran.
Plus500 Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IC Markets vs Plus500
Every platforms for online trading will have certain pros and cons, and a complete analysis of IC Markets vs Plus500 would not be regarded as thorough without having an objective perspective.
Compare IC Markets and Plus500 in order to understand the way these platforms stack up with each prior to you open an account. Conducting a comprehensive comparison will put things in perspective to ensure that you are informed about what to expect.
So you are looking for a broker and are choosing between IC Markets or Plus500. Which one is best in 2023?
This IC Markets vs Plus500 comparison contains the most recent information so you can easily compare Plus500 against IC Markets.
If you are a new entrant in the world of trading and brokerages, so many details will be confusing for you. Getting into the area of trading requires expert assessing skills and thorough knowledge. You'll get adept at all of the concepts of brokerage as you continue trading. For starters, you have to choose the right broker who will be transparent with you always.
Within this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally direct investment program has the potential to generate hefty returns. IC Markets and Plus500 are two such trading platforms that will take you and your investment to great heights. It is important to compare IC Markets vs Plus500 before you trust them with your cash.
Our IC Markets vs Plus500 comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and Plus500 side by side.
Our entire IC Markets vs Plus500 Review covers all you need to learn about trading with either IC Markets or Plus500. A good agent can multiply your first investments and provide you favorable profits. If you would like to earn profits, you must trade with a broker service that contrasts with your investing objectives.
There's absolutely no sure-fire method to ensure profits; thus, you should carefully analyze your agent before you choose them. It is a common misconception that all brokers are the same, but that is not correct. Wrong judgment, in the beginning, can put your investments in danger.
IC Markets and Plus500 are both brokers that have paved their way successfully to the brokerage world. In this review, we have tried to collate some of the important aspects of both IC Markets and Plus500. This review will allow you to understand whether either Plus500 or IC Markets is a good match for your own investments or not. We've tried to breakdown all of the qualities and fees for your convenience.
Benefits of IC Markets and Plus500 Compared
IC Markets offers a minimum deposit of $200 while Plus500 has a $100 minimum deposit.
Why smaller minimum deposits are good and how IC Markets and Plus500 compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
IC Markets has around 232 financial instruments whilst Plus500 has around 232 on their platform.
The more instruments you can trade on the IC Markets and Plus500 platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you never want to miss out on a trading opportunity due to the limitations of IC Markets or Plus500.
IC Markets and Plus500 Contact Details
Being able to contact an online trading platform easily is vital. IC Markets and Plus500 have the following contact details and social medias that you can use.
|Telephone Number||+248 467 19 76||+972 4-818-9503|
|Address||Level 4, 50 Carrington Street, Sydney NSW 2000||Bldg 25 Matam, Haifa, Haifa, Israel|
|IC Markets Twitter Account||Plus500 Twitter Account|
|IC Markets Facebook Page||Plus500 Facebook Page|
|IC Markets Instagram Account||Plus500 Instagram Account|
|IC Markets LinkedIn Page||Plus500 LinkedIn Page|
|YouTube||IC Markets YouTube Channel||Plus500 YouTube Channel|
|Find Out More||
Plus500 and IC Markets Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
In this part of our comparison of IC Markets and Plus500 we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of the apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Although most brokers do OK in this area, there are some bad apples out there. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
IC Markets vs Plus500 - Awards
IC Markets have won many industry awards over the time they have been running as an online broker. We detail the most notable awards for IC Markets here.
Plus500 have won several industry awards over the years they have been operating as a financial broker. We detail the most notable awards for Plus500 below.
|Find Out More||
IC Markets vs Plus500 - Frequently Asked Questions
IC Markets vs Plus500 - Headquarters And Year Of Founding
IC Markets was founded in 2007 and has its headquaters in Australia.
Plus500 was founded in 2008 and has its headquaters in Israel.
What is the minimum deposit for Plus500 or IC Markets
The minimum deposit for IC Markets is $200.
The minimum deposit for Plus500 is $100.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both IC Markets and Plus500 are a good choice.
IC Markets vs Plus500 - Regulation And Licencing In More Detail
IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).
Plus500 is regulated by Plus500UK Ltd authorized & regulated by the FCA (#509909), Plus500CY Ltd authorized & regulated by CySEC (#250/14), Plus500AU Pty Ltd (ACN 153301681), ASIC in Australia AFSL #417727, FMA in New Zealand, FSP #486026 and Authorised Financial Services Provider in South Africa FSP #47546.
Both IC Markets and Plus500 have a powerful collection of rules for ensuring honest trading on their own platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).
In accordance with their privacy regulations, customer information is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare IC Markets vs Plus500 Commission And Fees
IC Markets and Plus500 are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to charge. The reason for this is that the companies of online trading platforms are scaled much better. That is, an online broker isn't necessarily affected by the amount of clients they have.
However, this does not necessarily mean that online brokers do not charge any fees. They charge prices of varying rates for a variety of services to make money. There are primarily 3 types of fees for this purpose.
The first kind of fees to keep an eye out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you're billed trading charges. In such cases, you're spending a spread, financing speed, or even a commission. The kinds of trading charges and the prices differ from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the other hand, a spread refers to the difference between the buying and selling price. Financing or overnight prices are those who are charged when you hold a leveraged position for longer than daily.
Apart from trading charges, online brokers also bill non-trading fees. These are determined by the actions you undertake in your accounts. They are billed for surgeries like depositing money, not investing for long periods, or withdrawals.
In general, neither IC Markets or Plus500 charge high fees compared to other online agents. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for those who regularly trade, for example daily or weekly trading.
However, non-trading fees billed by IC Markets and Plus500 are relatively competitive. Consequently, you are billed more for non-trading actions in your trading accounts, like deposits and withdrawal. These are not about the sale and purchase of assets.
This IC Markets vs Plus500 review for 2023 breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees For IC Markets And Plus500
What Languages Do IC Markets And Plus500 Support?
Being able to chat easily with your online platform is a key way of comparing brokers to find the best trading partner. Not only for support but to be sure you understand everything on their site and inside their app as it is a key factor to success when trading online.
Below you will find the languages that both IC Markets and Plus500 offer communication in.
How Many Clients Do IC Markets and Plus500 Have?
Both IC Markets and Plus500 are well established with their customer base. It is really important to work with a broker that is professional and one of the easiest ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many clients IC Markets and Plus500 have
What Payment Methods Do IC Markets and Plus500 Accept?
IC Markets and Plus500 both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at IC Markets and Plus500
What Can You Trade With IC Markets and Plus500?
IC Markets offers 232 trading instruments whilst Plus500 offers 2,000.
Below you will find a full breakdown of what both IC Markets and Plus500 offer.
IC Markets Review
IC Markets vs Plus500:
Table Of Contents
- Compare IC Markets vs Plus500
- Benefits of IC Markets and Plus500 Compared
- Plus500 and IC Markets Mobile App Comparison
- IC Markets vs Plus500 - Awards
- IC Markets vs Plus500 - Frequently Asked Questions
- What is the minimum deposit for Plus500 or IC Markets
- IC Markets vs Plus500 - Regulation And Licencing In More Detail
- Compare Broker Fees For IC Markets And Plus500
- What Languages Do IC Markets And Plus500 Support?
- How Many Clients Do IC Markets and Plus500 Have?
- What Payment Methods Do IC Markets and Plus500 Accept?
- What Can You Trade With IC Markets and Plus500?