Quick Verdict — Indonesia Traders
Best Overall
IC Markets
Higher overall score & more features
Best Spreads
Plus500
Lower trading costs for scalpers
Islamic Accounts
IC Markets
Swap-free for Indonesia Muslims
Best for Beginners
IC Markets
Better education & support
1:5000 vs 1:30
Max leverage
Head-to-head comparison
For Indonesia traders in 2026, choosing between IC Markets and Plus500 is a key decision. IC Markets, rated 4.8/5, is a global ECN broker known for ultra-low spreads and fast execution, ideal for active traders. Plus500, rated 3.7/5, is a user-friendly CFD platform popular among beginners and mobile-first traders. Both brokers accept Indonesian clients and support local payment methods like GoPay, OVO, Bank Transfer, and USDT, though IC Markets offers more flexibility. With Indonesia's growing middle class and increasing mobile trading adoption, this comparison focuses on cost, regulation, and convenience for local traders. While neither broker is regulated by OJK, they operate under reputable international licenses. This guide helps you decide based on your trading style, volume, and local payment needs.
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Overall Scores Comparison
IC Markets
ASIC · CySEC · FSA
3.6
CompareBroker score
Winner
VS
Plus500
FCA · ASIC · CySEC
3.5
CompareBroker score
Trading Costs
Spreads, commissions
Platforms
MT4, MT5, cTrader, TV
Regulation
Safety, oversight
Customer Support
24/5, chat, phone
Education
Webinars, guides
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Trading Costs - Spreads & Commissions
| Instrument | IC Markets | Plus500 | Winner |
|---|
| EUR/USD avg spread | 0.09 pips + $3.5/lot | 0.0 pips + $3.5/lot | Plus500 |
| XAU/USD (Gold) | $0.14 typical | $0.12 typical | Plus500 |
| GBP/USD avg spread | 0.29 pips | 0.23 pips | Plus500 |
| Standard acc spread | from 1.0 pips | from 0.8 pips | Plus500 |
| ECN commission | $3.5/lot/side | $3.5/lot/side | Tie |
| Min deposit | $200 | $50 | IC Markets |
IC Markets offers significantly lower trading costs for Indonesia traders. Its Raw Spread account provides spreads from 0.0 pips with a small commission, while the Standard account has spreads from 1.0 pips with no commission. Plus500 uses a spread-only model with wider costs, averaging 1.5–2.0 pips on major forex pairs. For a trader executing 10 standard lots per month, IC Markets can save thousands of IDR compared to Plus500. Indonesia traders who trade actively will benefit from IC Markets' cost structure, while Plus500’s higher spreads may suit occasional traders who prefer simplicity.
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Account Types Comparison
| Account Type | IC Markets | Plus500 |
|---|
| Standard account | ✓ | ✓ |
| ECN / Raw spread | ✓ | ✓ |
| Islamic (swap-free) | ✓ | ✗ |
| Demo account | ✓ | ✓ |
| PAMM / MAM account | ✓ | ✗ |
| Zero spread account | ✓ | ✗ |
| Copy trading | ✗ | ✗ |
| Min deposit | $200 | $50 |
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Leverage Comparison - Indonesia Traders
| Entity / Asset | IC Markets | Plus500 |
|---|
| Indonesia (offshore) | Up to 1:5000 | Up to 1:30 |
| Forex major pairs | 1:5000 | 1:30 |
| Gold (XAU/USD) | 1:200 | 1:200 |
| Indices | 1:100 | 1:100 |
| Cryptocurrencies | 1:2 to 1:10 | 1:2 to 1:10 |
Leverage Warning for Indonesia Traders
Traders in Indonesia typically open accounts under offshore entities with up to 1:500 leverage. High leverage significantly increases risk.
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Trading Instruments - Assets Available
| Asset Class | IC Markets | Plus500 | Winner |
|---|
| Forex pairs | 90+ | 65+ | IC Markets |
| Gold (XAU/USD) | ✓ | ✓ | Tie |
| Oil (WTI/Brent) | ✓ | ✓ | Tie |
| Stock indices | 25+ indices | 20+ indices | IC Markets |
| Crypto CFDs | 30+ | 20+ | IC Markets |
| Stocks / Share CFDs | ✗ | 1,700+ | Plus500 |
| ETFs | ✗ | ✓ | Tie |
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Execution Quality - Speed & Slippage
| Factor | IC Markets | Plus500 | Winner |
|---|
| Execution model | ECN/STP | True ECN | Plus500 |
| Avg execution speed | ~30ms | ~40ms | IC Markets |
| Slippage | Very low | Very low | Tie |
| Requotes | Very rare | Very rare | Tie |
| Scalping allowed | ✓ | ✗ | Tie |
| EA / Bot trading | ✓ | ✗ | Tie |
IC Markets offers lightning-fast execution with an average speed under 40ms and no requotes, thanks to its ECN infrastructure. Plus500 uses a market-making model, which can result in slippage and requotes during volatile periods. For Indonesia traders who trade high-frequency or during news events, IC Markets’ execution is superior. Plus500’s execution is adequate for casual trading but may frustrate active traders.
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Regulation & Safety for Indonesia Traders
| Safety Factor | IC Markets | Plus500 |
|---|
| Primary regulator | ASIC | FCA |
| Top-tier regulated | ✓ | ✓ |
| Investor protection | ✓ | ✓ |
| Segregated funds | ✓ | ✓ |
| Neg. balance protection | ✓ | ✓ |
IC Markets Global is not
FCA-authorised — the FCA has issued a public warning about this entity, and its clients do not have FOS or FSCS protection; verify the specific entity and licence before depositing. Neither broker is regulated by OJK in Indonesia, meaning traders are not protected under local investor compensation schemes. However, both brokers have strong global reputations and segregate client funds. Indonesia traders should be aware that they are using offshore brokers and should verify the broker’s license independently.
Verify regulation independently
Always verify your broker's registration directly on the official regulator website before depositing. Regulation details for Indonesia traders may differ by entity.
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Deposits & Withdrawals for Indonesia
| Payment Method | IC Markets | Plus500 |
|---|
| Bank Wire Transfer | ✓ | ✓ |
| Visa / Mastercard | ✓ | ✓ |
| Skrill | ✓ | ✗ |
| Neteller | ✓ | ✗ |
| USDT / Crypto | ✓ | ✓ |
| Withdrawal time | E-wallets instant-24hrs; Cards 3-5 business days (up to 10); Int'l bank wire up to 14 days | 1 to 3 business day |
IC Markets supports multiple local payment methods for Indonesia traders, including GoPay, OVO, Bank Transfer, and USDT. Minimum deposit is $200 (approx. 3.2 million IDR), and withdrawals are processed within 1-2 business days. Plus500 accepts bank transfers and credit/debit cards but does not support GoPay, OVO, or USDT. For Indonesia traders, IC Markets offers more convenience with local e-wallets and crypto options. Bank transfers are available at both brokers but may take longer. USDT deposits are especially useful for traders who prefer cryptocurrency transactions.
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Islamic Accounts - Swap-Free for Indonesia Muslims
| Islamic Account Feature | IC Markets | Plus500 |
|---|
| Swap-free available | ✓ | ✗ |
| Admin fee instead of swap | On some instruments | On some instruments |
| MT4 / MT5 supported | ✓ | ✓ |
| How to apply | Contact support | Contact support |
Both IC Markets and Plus500 offer Islamic (swap-free) accounts for Muslim traders in Indonesia. IC Markets provides swap-free accounts on all account types without additional fees, making it a strong choice for Sharia-compliant trading. Plus500 offers swap-free trading upon request, but it may be limited to certain instruments. Indonesia traders who require Islamic accounts will find both brokers accommodating, but IC Markets’ straightforward policy gives it an edge. Always confirm with customer support before opening an account.
Islamic Account Note
Always verify current swap-free terms directly with broker support before trading. Admin fees or holding period restrictions may apply.
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Customer Support Comparison
| Support Feature | IC Markets | Plus500 | Winner |
|---|
| Live chat | ✓ | ✓ | Tie |
| Phone support | ✓ | ✗ | Tie |
| Email support | ✓ | ✓ | Tie |
| 24/7 support | ✗ | ✗ | Tie |
| Response time (chat) | <2 minutes | <3 minutes | IC Markets |
IC Markets offers 24/7 customer support via live chat, email, and phone, with English as the primary language. Plus500 provides 24/7 support through live chat and email but lacks phone support. For Indonesia traders, IC Markets’ support is more responsive and offers faster resolution times. Both brokers have extensive online help centers, but IC Markets’ multi-channel support is better for urgent issues.
| Mobile Feature | IC Markets | Plus500 | Winner |
|---|
| iOS App Store rating | 4.5 stars | 4.3 stars | IC Markets |
| Google Play rating | 4.3 stars | 4.2 stars | IC Markets |
| Biometric login | ✓ | ✓ | Tie |
| Push notifications | ✓ | ✓ | Tie |
| Full charting on mobile | ✓ | ✓ | Tie |
| TradingView mobile | ✗ | ✗ | Tie |
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Education & Research Tools
| Resource | IC Markets | Plus500 | Winner |
|---|
| Video tutorials | 100+ videos | ✗ | IC Markets |
| Webinars (live) | ✗ | ✗ | Tie |
| Economic calendar | ✓ | ✗ | Tie |
| Market analysis | Daily | Basic | IC Markets |
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Real User Reviews - Trustpilot
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Pros & Cons of Each Broker
IC Markets
Pros
+Top-tier regulated
+Islamic swap-free account
Cons
-No TradingView
-$200 min deposit
-No 24/7 support
Plus500
Pros
+Top-tier regulated
Cons
-No TradingView
-No 24/7 support
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Who Should Use Which Broker? - Indonesia Guide
Choose IC Markets if you...
- Are an active or high-volume trader who needs low spreads and fast execution.
- Want to use advanced platforms like MT4, MT5, or cTrader for analysis and automation.
- Prefer local payment methods like GoPay, OVO, Bank Transfer, or USDT for deposits.
- Trade frequently and want to minimize costs per trade.
Choose Plus500 if you...
- Are a beginner or casual trader who values simplicity and a clean mobile app.
- Trade infrequently and don’t mind higher spreads for ease of use.
- Prefer a broker with a strong FCA regulation and a well-known brand.
- Don’t need advanced tools or local e-wallet support.
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FAQ - IC Markets vs Plus500 in Indonesia
Is IC Markets or Plus500 better for Indonesia?
+Can Indonesia traders use both brokers legally?
+Which broker has lower spreads for Indonesia traders?
+How do Indonesia traders deposit at IC Markets and Plus500?
+Do both brokers offer Islamic accounts for Indonesia?
+Final Verdict - Indonesia 2026
IC Markets wins overall
For Indonesia traders in 2026, IC Markets is the clear winner with a 4.8/5 rating versus Plus500’s 3.7/5. IC Markets offers lower spreads, faster execution, and better support for local payments like GoPay, OVO, Bank Transfer, and USDT. Plus500 is simpler but more expensive and less flexible for Indonesia-specific needs. While neither broker is OJK-regulated, IC Markets’ global reputation and advanced features make it the top choice for serious traders. Beginners may still consider Plus500 for its user-friendly app, but for cost and convenience, IC Markets is recommended.
Risk Disclaimer: CFDs and forex trading involve significant risk of loss. Between 74-89% of retail investor accounts lose money when trading CFDs. All data verified as of October 2026.
