Broker Comparison

IFC Markets vs Plum

Compare IFC Markets and Plum side by side: fees, regulation, platforms.

IFC Markets

Forex and CFD traders seeking synthetic instruments

IFC Markets is a multi-asset CFD and forex broker founded in 2006, offering MetaTrader 4, MetaTrader 5, and i…

Plum

Automated savings and beginner investors

Plum is a UK savings and investment app that automates saving, offers ISA, SIPP, mutual funds, and 3,000+ ind…

Head-to-head comparison

IFC Markets vs Plum
Feature	IFC Markets	Plum
Minimum deposit	-	-
Stock trading fee	-	2 free lifetime trades then: £0.50/trade (Basic), £0.15/trade (Plus), £0.05/trade (Boost), £0.00/trade (Max); FX fee 0.60% (Basic), 0.45% (Plus), 0.30% (Boost), 0.15% (Max) per trade
Regulators	BVI FSC, Labuan FSA	FCA
Best for	Forex and CFD traders seeking synthetic instruments	Automated savings and beginner investors
Markets & account
Stocks	-
ETFs		-
Forex		-
CFDs		-
Crypto		-
Margin		-
Demo Account		-
Multi Currency		-
Funds	-
Fractional Shares	-
Investment Plans	-
Ready Made Portfolios	-
Money Market Funds	-
Isa	-
Sipp	-
Savings Vaults	-

Pros & cons

IFC Markets

Pros

Minimum deposit from $1 on micro accounts
Proprietary NetTradeX platform with GeWorko synthetic instrument creation
Floating spreads from 0.4 pips on major forex pairs
Over 650 tradable instruments including forex, indices, stocks, commodities, ETFs and crypto CFDs
No inactivity fee
Free demo account available on all platforms
Swap-free Islamic accounts available
Negative balance protection for retail clients

Cons

CySEC licence voluntarily renounced in November 2024; remaining regulators are BVI FSC and Labuan FSA, which are lower-tier
Fixed spreads on MT4 start at 1.8 pips - wide compared to industry average
Bank wire withdrawals carry a fee of approximately $20 plus bank charges
No social or copy trading functionality built into the main platform
Spain's CNMV issued a warning against IFC Markets in December 2024 for operating as an unregistered firm
US, Japanese and Russian residents cannot open accounts
NetTradeX interface is considered visually dated by some reviewers
Limited third-party analysis integrations (no Trading Central or Autochartist)

Plum

Pros

Free Basic plan with automated savings and stock access
Stocks and Shares ISA and SIPP available on paid tiers
Fractional stock investing from £1
3,000+ individual US company stocks available
26 curated mutual funds from Vanguard and BlackRock
FCA-regulated with FSCS protection up to £85,000 on investments
Automated savings powered by spending analysis
Multiple savings account types including Cash ISA and Lifetime ISA

Cons

Individual stocks cannot be held inside the Stocks and Shares ISA - only mutual funds are ISA-eligible, leaving stock gains potentially subject to capital gains tax
Only 26 mutual funds available, a narrower range than dedicated investment platforms
Stacked fees on paid tiers: subscription fee plus platform fee plus fund manager fee
Two free lifetime trades then a per-trade charge on Basic and Plus plans
Crypto available only for EU/Cyprus users via Bitpanda; not available to UK customers
No demo or practice account
Fund access requires a paid subscription; Basic plan is limited

IFC Markets

IFC Markets is a multi-asset CFD and forex broker founded in 2006, offering MetaTrader 4, MetaTrader 5, and its proprietary NetTradeX platform with unique synthetic instrument creation tools.

Visit IFC Markets Read review

Your capital is at risk. Other fees apply.

Plum

Plum is a UK savings and investment app that automates saving, offers ISA, SIPP, mutual funds, and 3,000+ individual stocks via a tiered subscription model.

Visit Plum Read review

Your capital is at risk. Other fees apply.

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IFC Markets vs Plum

IFC Markets

Plum

Head-to-head comparison

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