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IC Markets vs ThinkMarkets 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is IC Markets better than ThinkMarkets? In our analysis of 23 international regulators across 62 of the best forex brokers, IC Markets is considered average-risk, with an overall Trust Score of 86 out of 99. ThinkMarkets is considered average-risk, with an overall Trust Score of 86 out of 99. Learn more about Trust Score.

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Overall RatingIC MarketsThinkMarkets
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 3.5/5 Stars
Offering of Investments 4.5/5 Stars 4/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score 86 86
Winner check_circle
Review IC Markets Review
RegulationIC MarketsThinkMarkets
Trust Score 86 86
Year Founded 2007 2010
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union No info Yes info
Tier-1 Licenses 1 2
Tier-2 Licenses 1 2
Tier-3 Licenses 1 0
Tier-1 Licenses (High Trust)IC MarketsThinkMarkets
ASIC Authorised (Australia) Yes Yes
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No Yes
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) No Yes
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)IC MarketsThinkMarkets
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes Yes
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No Yes
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)IC MarketsThinkMarkets
SCB Authorised (Bahamas) Yes No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsIC MarketsThinkMarkets
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 3583 1674
Forex Pairs (Total) 61 46
U.S. Stock Trading (Non CFD) No No
Int'l Stock Trading (Non CFD) No No
Social Trading / Copy Trading Yes Yes
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostIC MarketsThinkMarkets
Average Spread EUR/USD - Standard 0.62 info N/A info
All-in Cost EUR/USD - Active 0.62 info N/A info
Active Trader or VIP Discounts Yes Yes
Execution: Agency Broker Yes Yes
Execution: Market Maker Yes Yes
FundingIC MarketsThinkMarkets
Minimum Deposit $200 $250.00
PayPal (Deposit/Withdraw) Yes No
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsIC MarketsThinkMarkets
Proprietary Platform No Yes
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
Social Trading / Copy Trading Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) Yes Yes
cTrader Yes No
DupliTrade No No
ZuluTrade Yes Yes
Trading ToolsIC MarketsThinkMarkets
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 7 15
Charting - Indicators / Studies (Total) 30 30
Charting - Drawing Tools (Total) 15 15
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingIC MarketsThinkMarkets
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing No No
Mobile Charting - Indicators / Studies 30 30
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave No No
Forex Calendar Yes Yes
ResearchIC MarketsThinkMarkets
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Autochartist Yes No
Trading Central (Recognia) Yes Yes
Social Sentiment - Currency Pairs Yes No
Economic Calendar Yes Yes
EducationIC MarketsThinkMarkets
Has Education - Forex or CFDs Yes Yes
Client Webinars Yes Yes
Client Webinars (Archived) Yes Yes
Videos - Beginner Trading Videos No Yes
Videos - Advanced Trading Videos No No
Investor Dictionary (Glossary) Yes Yes
Major Forex PairsIC MarketsThinkMarkets
GBP/USD Yes Yes
USD/JPY Yes Yes
EUR/USD Yes Yes
USD/CHF Yes Yes
USD/CAD Yes Yes
NZD/USD Yes Yes
AUD/USD Yes Yes
Review IC Markets Review
OverallIC MarketsThinkMarkets
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 3.5/5 Stars
Offering of Investments 4.5/5 Stars 4/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score 86 86
Winner check_circle
Review IC Markets Review
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IC Markets vs ThinkMarkets Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare IC Markets vs ThinkMarkets.

Does IC Markets or ThinkMarkets offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IC Markets offers better pricing overall for traders.

Is IC Markets or ThinkMarkets safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. ThinkMarkets holds 2 global Tier-1 licenses, while IC Markets holds 1. ThinkMarkets holds 2 global Tier-2 licenses, while IC Markets holds 1. In our analysis of 23 international regulators across 50 brokers, IC Markets and ThinkMarkets earned the same Trust Score.

Which trading platform is better: IC Markets or ThinkMarkets?

To compare the trading platforms of both IC Markets and ThinkMarkets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IC Markets offers a better experience. With research, IC Markets offers superior market research. Finally, we found IC Markets to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both IC Markets and ThinkMarkets offer MetaTrader 4 (MT4).IC Markets and ThinkMarkets both offer copy trading.

How many forex pairs and CFDs are available to trade?

IC Markets provides traders 61 currency pairs (e.g., EUR/USD) compared to ThinkMarkets's 46 available pairs. Forex pairs aside, IC Markets offers traders access to 3583 CFDs while ThinkMarkets has 1674 available CFDs, a difference of 1909.

Can I trust IC Markets?

IC Markets is not publicly traded and does not operate a bank. IC Markets is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). IC Markets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC).

Can I trust ThinkMarkets?

ThinkMarkets is not publicly traded and does not operate a bank. ThinkMarkets is authorised by three tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). ThinkMarkets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Japanese Financial Services Authority (JFSA), and the Financial Conduct Authority (FCA).

Is IC Markets good?

IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders.

Is ThinkMarkets good?

ThinkMarkets has multiple regulatory license and offers a proprietary trading platform, as well as the entire MetaTrader suite. The broker has made progress in key areas, such as research and education, and the range of markets available, although trails behind the best brokers in these categories.

Overall winner: IC Markets

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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