Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare IG Group vs ThinkMarkets.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. IG Group's score is 4.5 stars versus ThinkMarkets's 3.5 stars.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. Both IG Group and ThinkMarkets are regulated in a major hub. IG Group is a publicly traded company, while ThinkMarkets is not. How many currency pairs are available to trade? IG Group offers its clients access to 91 different currency pairs while ThinkMarkets has 40 available pairs, a difference of 51.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. IG Group and ThinkMarkets both offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. IG Group trails ThinkMarkets by 14 total charting tools, with ThinkMarkets offering 31 and IG Group offering 17. IG Group trails ThinkMarkets by 29 total different indicators (for example, moving averages), with ThinkMarkets offering 51 and IG Group offering 22.
Overall, IG Group boasts 4.5 stars versus ThinkMarkets's 3.5 stars. And, when it comes to individual category awards, IG Group was rated Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Mobile Trading in 2018, while ThinkMarkets was rated none of these.