Plus500
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72% of retail CFD accounts lose money

Vs.

IC Markets
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73.59% of retail CFD accounts lose money

Plus500 Vs. IC Markets - Compare and Choose the Right One

Updated Nov 25 2021

Visit

72% of retail CFD accounts lose money

Visit

73.59% of retail CFD accounts lose money

Overview

Plus500 is an international broker specialised in CFD trading with a big range of assets including CFDs based on American options

ICMarkets is an Australian broker with a global presence specialising in Forex trading. One of their greatest advantages is providing RAW spread accounts with interbank pricing.

Best For
  • Intermediate traders looking to trade short term
  • Experienced traders looking to speculate using CFDs based on options
  • Professional traders looking for Interbank rates
  • High volume traders that will save great amounts of costs with their low spreads and commissions
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The Good
  • CFDs on american options offered
  • Low minimum trade sizes
  • Propietary platform with multi-charting tools
  • Customisable leverage per asset before opening trades
  • Interbank rates and low commissions
  • Great platform variety
The Bad
  • No ability to remove leverage
  • All instruments are CFDs, you can't buy underlying assets (real stocks or cryptocurrencies)
  • Avaliable assets are limited (Also No ETFs)
  • No ability to purchase real stocks or cryptocurrencies, only CFDs
Status
Operational Operational
Recent News
N/A N/A
Key Data
⌛ Account Opening Time
1 day 1 Day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

🏛 Financial Regulators
Cyprus Securities and Exchange Commission
Monetary Authority of Singapore
Financial Conduct Authority
Australian Securities and Investments Commission
Cyprus Securities and Exchange Commission
Australian Securities and Investments Commission
Financial Services Authority Seychelles
📍 Year Founded
2008 2007
💳 Minimum Deposit
$, €, £ - 100 $200
💰 Payment Methods
Visa
Mastercard
Bank Transfer
Paypal
Skrill
Visa
Mastercard
Bank Transfer
Bitcoin
Sofort
Neteller
Paypal
Skrill
💵 Account Base Currencies
16 - USD, GBP, EUR, CHF, AUD, JPY, PLN, HUF, CZK, CAD, TRY, SEK, NOK, SGD. 10 - USD, GBP, EUR, AUD, CHF, JPY, HKD, CAD, SGD, NZD.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries
US, CA, CU, SY, IR. US, CA, IL.
📊 STP Account
Yes Yes
📊 DMA Account
No No
📊 ECN Account
No Yes
Assets
📚 Available Assets
Stocks
Currencies
Cryptos
Commodities
ETFs
CFDs
Indices
Options
Stocks
Cryptos
Commodities
Currencies
Indices
CFDs
📙 Stocks
2000+ 1600 +
📘 Currency Pairs
70 61
📗 Commodities
25 22
📕 Indices
26 25
📔 ETFs
95 N/A
💸 Cryptocurrencies
14 18
📒 Bonds
N/A 11
📓 Options
Option CFDs (Calls and Puts) on: Alphabet, Facebook, Apple, DeutscheBank, Snap, Twitter, Amazon, Microsoft, Netflix, Tesla and NIO along with major indices and EUR/USD. N/A
📗 Futures
N/A 4
📝 Notes:
All Plus500 assets are CFDs. All ICMarkets assets are CFDs.
Trading Experience
📈 Minimum Stock Trade Size
Varies by Stock (Eg: 0.05 units of Tesla) Varies by Stock
📉 Minimum ETFs Trade Size
Varies by ETF (Eg: 0.5 units of XLK) N/A
📈 Minimum Crypto Trade Size
Varies by Crypto (Eg: 0.001 BTC) Varies by Cryptocurrency (Eg: 0.01 BTC)
📉 Minimum FX Trade Size
$1,000 $1,000 - 0.01 Lots
📈 Minimum Commodities Trade Size
Varies by Commoditty (Eg: 0.2 Troy ounces of Gold) Varies by Commodity (Eg: 0.01 Troy ounces of Gold)
📉 Minimum Bonds Trade Size
N/A Varies by Bond
📈 Minimum Futures Trade Size
N/A Varies by Future
📉 Minimum Options Trade Size
Varies by Option (Eg: 5 contracts of Tesla Calls) N/A
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:300 Up to 1:500
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
No No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
No Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes No
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
No Yes
👫 Social Trading
No Yes
🔑 Guaranteed Stop-loss
Yes No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee
Yes, $10 every 3 months No
💰 Deposit Fees
No No
💰 Withdrawal Fees
No No
💰 Commissions
No

No commissions in standard accounts but rather a 1 Pip spread markup on interbank prices received. For Raw spreads accounts, $7 per lot round turn.

Spreads
📈 EUR/USD
Dynamic - From 0.8 Pips Dynamic - From 0 to 0.6 Pips
📉 SP500
Dynamic - From 70 Pips Dynamic - From 20 to 45 Pips
📈 GOLD
Dynamic - From 30 Pips Dynamic - From 30 Pips
📉 TSLA (Stock CFD)
Dynamic - From $5.2 Dynamic - Market Spread
📈 XLK (ETF - CFD)
Dynamic - From 7 Pips N/A
📉 BTC
Dynamic - From $136 Dynamic - From $8.7 to $42
Research and Analysis
⭐ Watchlists
No, only allows setting an individual favourites list Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
No No
📡 Reuters Feed
No No

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