IG vs ThinkMarkets Review
Is IG Group better than ThinkMarkets? After assessing forex brokers on nearly 100 different variables, IG Group is better than ThinkMarkets. Regulated and trusted across the globe, IG offers traders an extensive list of tradable products, excellent trading and research tools, industry leading education, and competitive rates. This fantastic all-round experience makes IG our No. 1 overall broker in 2019.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. IG Group received a rating of 4.50 stars over ThinkMarkets's 3.50 stars.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. IG Group alongside ThinkMarkets are regulated in a major hub. IG Group is a publicly traded company while ThinkMarkets is not. As far as how many currency pairs are available for trading, here's the answer. ThinkMarkets trails IG Group by 51 total currency pairs (for example, EUR/USD), with IG Group offering 91 and ThinkMarkets offering 40.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Both IG Group and ThinkMarkets offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, 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.
IG Group Review
Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.
IG - 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.