IC Markets
ThinkMarkets

Regulations and Licenses

Feature
IC Markets
ThinkMarkets
ASIC (Australia)
FCA (UK)
FSCA (South Africa)
FINMA (Switzerland)
CYSEC (Cyprus)
FSA (Seychelles)
FSC (Mauritius)
CIMA (Cayman Islands)

Brokerage

Feature
IC Markets
ThinkMarkets
EUR/USD Avg. Raw Spread
0.02
0.1
GBP/USD Avg. Raw Spread
0.23
0.3
AUD/USD Avg. Raw Spread
0.17
0.2
EUR/USD Standard Spread
0.62
1.1
EUR/USD Fixed Spreads
-
-
GBP/USD Avg. Standard Spread
0.83
1.3
AUD/USD Avg. Standard Spread
0.77
1.1
Commissions (USD Base)
$3.50
$3.50
Minimum Deposit
$0
$0
Swap Free Account
No Inactivity Fees
Funding Methods
15+
6+
No Funding Fees

Markets and Instruments

Feature
IC Markets
ThinkMarkets
Currency Pairs
61+
46+
Cryptocurrency CFDs*
18+
21+
Index CFDs
16+
21+
Share CFDs
100+
1200+
Commodities CFD
26+
15+
Stockbroking
-
-
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max Leverage (Australia)
500:1
500:1
Retail Max. Leverage (United Kingdom)
-
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (United Kingdom)
-
500:1
Retail Max. Leverage (Europe)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
500:1
500:1
Pro. Max. Leverage (New Zealand)
-
500:1

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
IC Markets
ThinkMarkets
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

IC Markets
ThinkMarkets
Our Rating
850
680
 

Our comprehensive comparison covers the 10 most crucial trading factors. Here are five key differences between IC Markets and ThinkMarkets:

  1. IC Markets offers lower average spreads on EUR/USD, with 0.1 pips compared to ThinkMarkets’ 0.4 pips.
  2. ThinkMarkets provides a proprietary trading platform, ThinkTrader, while IC Markets does not have a proprietary platform.
  3. IC Markets supports a wider range of trading instruments, including more CFDs and currency pairs than ThinkMarkets.
  4. ThinkMarkets offers guaranteed stop-loss orders, a feature not available with IC Markets.
  5. IC Markets has a higher leverage option, offering up to 1:500, whereas ThinkMarkets offers a maximum of 1:400.