Plus500 vs IC Markets
Plus500 or IC Markets – which is better for UK traders 2025? Compare Plus500 and IC Markets in this detailed breakdown of their platforms, features and fees.
Plus500 | IC Markets |
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Plus500 is ranked #16 among CFD brokers. | IC Markets is ranked #4 among CFD brokers. |
Founded in 2008 and based in Israel, Plus500 is a leading brokerage with over 25 million registered traders across more than 50 countries. It focuses on CFD trading, offering a user-friendly proprietary platform and mobile app. The company provides competitive spreads and does not impose commissions or charges for deposits or withdrawals. Plus500 stands out as a highly trusted broker, licensed by respected authorities such as the FCA, ASIC, and CySEC. | IC Markets is an internationally acclaimed forex and CFD broker, admired for its competitive pricing, diverse trading instruments, and superior technology. Established in 2007 and based in Australia, the firm is under the regulation of ASIC, CySEC, and FSA. It has successfully drawn over 180,000 clients from more than 200 nations. |
82% of retail CFD accounts lose money. | |
Pros | |
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Cons | |
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Awards | |
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FCA Regulated | |
Yes | No |
Instruments | |
CFDs on Forex, Stocks, Indices, Commodities, ETFs, Options | CFDs, Forex, Stocks, Indices, Commodities, Bonds, Futures, Crypto |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
$100 | $200 |
Payment Methods | |
Minimum Trade | |
Variable | 0.01 Lots |
Regulator | |
FCA, ASIC, CySEC, DFSA, MAS, FSA, FSCA, FMA, EFSA | ASIC, CySEC, FSA, CMA |
Mobile Apps | |
iOS, Android & Windows | iOS & Android |
Trading App | |
Plus500 have tailored their mobile apps to align with the WebTrader online platform. The app is secure, dependable, and ranks highly. Stop loss, limits, free alerts, and a comprehensive range of markets and instruments are provided. Access the download page here. | IC Markets provide mobile apps for their cTrader, MT4, MT5, and TradingView platforms. Developed separately for Android and iOS, these apps leverage each system's unique capabilities. Featuring raw pricing and spreads from 0.0, they offer superb tools for every trader level. What truly distinguishes them is maintaining IC Markets’ renowned rapid execution speed within the apps. This ensures a professional and highly responsive trading experience. |
iOS App Rating | |
Android App Rating | |
Margin Trading | |
Yes | Yes |
MetaTrader 4 | |
No | Yes |
MetaTrader 5 | |
No | Yes |
cTrader | |
No | Yes |
AlgoTrader | |
No | No |
OmniTrader | |
No | No |
TradingView | |
No | Yes |
Autochartist | |
No | No |
eSignal | |
No | No |
Trading Central | |
No | Yes |
STP Account | |
No | No |
ECN Account | |
No | Yes |
DMA Account | |
No | Yes |
MAM Account | |
No | Yes |
PAMM Account | |
No | Yes |
LAMM Account | |
No | No |
Demat Account | |
No | No |
AI / Machine Learning | |
No | No |
Robo Advisor | |
No | No |
Negative Balance Protection | |
Yes | Yes |
Market Maker | |
Yes | No |
P2P Trading | |
No | No |
Spot Trading | |
No | Yes |
Auto Trading | |
No | Expert Advisors (EAs) on MetaTrader, cBots on cTrader, Myfxbook AutoTrade |
Copy Trading | |
No | Yes |
Copy Trading Platform | |
Introduced in February 2023, the IC Social app provides an easy platform for learning, sharing, and replicating the trades of other traders with minimal effort. The app also includes risk management features and supports specialised trading groups. Alternatively, IC Markets offers access to Signal Start and popular third-party copy trading platforms like ZuluTrade and cTrader Copy. | |
Social Trading | |
No | Yes |
Trade Signals | |
Signal Start | |
VPS Hosting | |
No | Yes |
Tournaments | |
No | No |
Demo Competitions | |
No | No |
Ethical Investing | |
Yes | No |
Custodial Account | |
No | No |
Guaranteed Stop Loss | |
Yes | No |
Inactivity Fee | |
$10 | $0 |
Islamic Account | |
Yes | Yes |
Account Currencies | |
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Commodities | |
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CFD | |
Plus500 offers commission-free CFDs across various markets, including currencies, stocks, indices, and commodities. Traders can take long or short positions on popular assets, enjoying flexible leverage with no hidden charges. | Trade over 2,250 CFDs anytime from Monday to Friday across key markets, including forex, commodities, indices, stocks, and bonds. IC Markets leverages deep liquidity and cutting-edge bridge technology to offer ideal trading conditions for scalpers, hedgers, and algorithmic traders. |
Leverage | |
1:30 | 1:30 (ASIC & CySEC), 1:500 (FSA), 1:1000 (Global) |
FTSE Spread | |
Dynamic | 1.0 |
GBPUSD Spread< | |
Dynamic | 0.23 |
Oil Spread | |
Dynamic | 0.03 |
Stocks Spread | |
Dynamic | 0.02 |
Forex | |
Plus500 offers CFD trading in forex, with tight spreads across over 60 currency pairs. Testing showed spreads as low as 0.6 pips on the EUR/USD, lower than many competitors. | IC Markets remains dedicated to offering tight 0.0-pip spreads on major currency pairs like EUR/USD, ensuring outstanding execution with an average speed of 35 milliseconds. Ideal for traders seeking high performance, those dealing in large volumes can also enjoy rebates of up to $2.50 per forex lot. |
Assets | |
60+ | 75 |
GBPUSD Spread | |
Dynamic | 0.23 |
EURUSD Spread | |
Dynamic | 0.02 |
EURGBP Spread | |
Dynamic | 0.27 |
Cryptocurrency | |
IC Markets provides a range of over 20 cryptocurrencies for trading through CFDs, featuring less common tokens like Avalanche, Kusama, and Uniswap. Traders can enjoy commission-free transactions and experienced individuals can utilise high leverage up to 1:200 via the MetaTrader platforms. | |
Spread | |
Variable | BTC 42.036 |
Coins | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
Plus500 | IC Markets |
82% of retail CFD accounts lose money. | |
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