Comparison of IC Markets and ThinkMarkets
| Feature | IC Markets | ThinkMarkets |
|---|---|---|
| Broker | ||
| Year Founded | 2007 | 2010 |
| Broker Type | ECN, DMA | STP |
| Dealing | A-book | A-book |
| Execution | Market | Market |
| Regulation | SFSA, ASIC, CySEC, CMA | SFSA, FCA, ASIC, CySEC, FSCA, JFSA, CIMA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, ThinkTrader, ThinkCopy |
| Spread | ⬊ Low | ⬊ Low |
| Maximum Leverage | 1:500 | 1:500 |
| Minimum Deposit | $200 | $1 |
| Base Currencies | USD, EUR, GBP, AUD, CHF, JPY, NZD, SGD, HKD | USD, EUR, GBP, AUD, CHF, JPY, NZD, SGD, CAD |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, Bpay, FasaPay, Klarna, POLi, Rapidpay | Bank Wire, Credit/Debit Card, Skrill, Neteller, Perfect Money, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tron (TRX), XRP (XRP), Bitcoin Cash, Dash (DASH), Tether (USDT), USD Coin (USDC) |
| Inactivity Fee | ✖ | $/£/€30 per month after 90 days of inactivity |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | Investor Compensation Fund (ICF) | UK Financial Services Compensation Scheme (FSCS); Cyprus Investor Compensation Fund (ICF) |
| Protection Size | €20 000 | £85 000 / €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✔ | ✖ |
| Copy Trading | ✔ | ✔ |
| VPS | ✔ | ✔ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✔ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, ETFs, Futures |
| Review | IC Markets Review | ThinkMarkets Review |
About IC Markets
IC Markets is a leading forex and CFD broker, well-known for its exceptional trading conditions and advanced technology. Established in 2007 and regulated by multiple top-tier authorities, including ASIC, CySEC, and the FSA Seychelles, IC Markets has earned a solid reputation among retail and institutional traders alike. The broker is particularly favored by scalpers, day traders, and algorithmic traders for its ultra-tight spreads, fast execution speeds, and no-dealing-desk (NDD) model. With access to powerful platforms like MetaTrader 4, MetaTrader 5, and cTrader, IC Markets offers a seamless trading experience across various asset classes, including forex, indices, commodities, and cryptocurrencies. Its focus on transparency, competitive pricing, and exceptional liquidity ensures that traders can execute strategies efficiently. However, while IC Markets excels in trading infrastructure, it offers limited educational resources, which may not fully cater to beginners.
Pros
- Regulated by top-tier authorities (ASIC, CySEC)
- Tight spreads starting from 0.0 pips on Raw Spread accounts
- No dealing desk (NDD) model ensures transparent and fast execution
- Excellent platforms: MetaTrader 4, MetaTrader 5, and cTrader
- High liquidity and competitive pricing ideal for scalping and algorithmic trading
- Wide range of tradable assets, including cryptocurrencies
- Dedicated 24/7 customer support
Cons
- Restricted availability in some regions due to regulatory constraints
- Withdrawal fees may apply for certain methods
About ThinkMarkets
ThinkMarkets is a multi-regulated broker founded in 2010 that offers 4,000+ CFD instruments across forex, indices, stocks, metals, energies, crypto and ETFs. Traders can choose between MT4/MT5 or the proprietary ThinkTrader platform, plus TradingView integration, with raw-spread ThinkZero accounts or commission-free Standard accounts.
Pros
- Multi-regulated (FCA, ASIC, FSCA, CySEC, FSA)
- Raw spreads from 0.0 on ThinkZero
- 4,000+ instruments; 3,500+ share CFDs and 300+ ETFs on MT5
- Copy trading via ThinkCopy; VPS; EAs/scalping allowed
- Signal Centre, Autochartist, Trading Central
- 24/7 multilingual support
- Modern funding incl. Apple Pay, Google Pay and crypto
Cons
- ThinkZero first deposit from $500
- Inactivity fee may apply after prolonged dormancy (entity-dependent)
- Global entity does not onboard residents from several jurisdictions
IC Markets & ThinkMarkets Regulation
| Feature | IC Markets | ThinkMarkets |
|---|---|---|
Companies | Raw Trading Ltd, International Capital Markets Pty Ltd, IC Markets (EU) Ltd, IC Markets (KE) Limited | TF Global Markets Int Limited, Think Capital Limited, TF Global Markets (UK) Limited, TF Global Markets (Aust) Pty Ltd, TF Global Markets (Europe) Ltd, TF Global Markets (South Africa) (Pty) Ltd, TF Global Markets Japan, TF Global Markets (International) Limited |
Countries | Seychelles, Australia, Cyprus, Kenya | United Kingdom, Australia, Cyprus, South Africa, Seychelles, Cayman Islands, Japan |
Regulators | SFSA, ASIC, CySEC, CMA | SFSA, FCA, ASIC, CySEC, FSCA, JFSA, CIMA |
Investor Protection | Investor Compensation Fund (ICF) | UK Financial Services Compensation Scheme (FSCS); Cyprus Investor Compensation Fund (ICF) |
Investor Protection Size | €20 000 | £85 000 / €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
IC Markets
Raw Trading Ltd, International Capital Markets Pty Ltd, IC Markets (EU) Ltd, IC Markets (KE) Limited
ThinkMarkets
TF Global Markets Int Limited, Think Capital Limited, TF Global Markets (UK) Limited, TF Global Markets (Aust) Pty Ltd, TF Global Markets (Europe) Ltd, TF Global Markets (South Africa) (Pty) Ltd, TF Global Markets Japan, TF Global Markets (International) Limited
Countries
IC Markets
Seychelles, Australia, Cyprus, Kenya
ThinkMarkets
United Kingdom, Australia, Cyprus, South Africa, Seychelles, Cayman Islands, Japan
Regulators
IC Markets
SFSA, ASIC, CySEC, CMA
ThinkMarkets
SFSA, FCA, ASIC, CySEC, FSCA, JFSA, CIMA
Investor Protection
IC Markets
Investor Compensation Fund (ICF)
ThinkMarkets
UK Financial Services Compensation Scheme (FSCS); Cyprus Investor Compensation Fund (ICF)
Investor Protection Size
IC Markets
€20 000
ThinkMarkets
£85 000 / €20 000
Publicly Traded
IC Markets
ThinkMarkets
Segregated Accounts
IC Markets
ThinkMarkets
Guaranteed Stop Loss
IC Markets
ThinkMarkets
Negative Balance Protection
IC Markets
ThinkMarkets
Account Types
| Account | IC Markets | ThinkMarkets |
|---|---|---|
STP Account | ||
| Account Name | — | Standard |
| Min Deposit | — | $1 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1.1 |
| Fee | — | No |
| Max Leverage | — | 1:500 |
| Stop Out | — | 50% |
| Margin Call | — | 100% |
ECN Account | ||
| Account Name | Standard | — |
| Min Deposit | $200 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.6 | — |
| Fee | No | — |
| Max Leverage | 1:500 | — |
| Stop Out | 50% | — |
| Margin Call | 100% | — |
Zero Account | ||
| Account Name | Raw Spread | ThinkZero |
| Min Deposit | $200 | $500 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0 | 0.0 |
| Fee | $7 per 1 lot | $7 per 1 lot |
| Max Leverage | 1:500 | 1:500 |
| Stop Out | 50% | 50% |
| Margin Call | 100% | 100% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
STP Account
Account Name
IC Markets
—
ThinkMarkets
Standard
Min Deposit
IC Markets
—
ThinkMarkets
$1
Lot Size
IC Markets
—
ThinkMarkets
0.01
Spread Type
IC Markets
—
ThinkMarkets
Floating
Execution
IC Markets
—
ThinkMarkets
Market
Min Spread
IC Markets
—
ThinkMarkets
1.1
Fee
IC Markets
—
ThinkMarkets
No
Max Leverage
IC Markets
—
ThinkMarkets
1:500
Stop Out
IC Markets
—
ThinkMarkets
50%
Margin Call
IC Markets
—
ThinkMarkets
100%
ECN Account
Account Name
IC Markets
Standard
ThinkMarkets
—
Min Deposit
IC Markets
$200
ThinkMarkets
—
Lot Size
IC Markets
0.01
ThinkMarkets
—
Spread Type
IC Markets
Floating
ThinkMarkets
—
Execution
IC Markets
Market
ThinkMarkets
—
Min Spread
IC Markets
0.6
ThinkMarkets
—
Fee
IC Markets
No
ThinkMarkets
—
Max Leverage
IC Markets
1:500
ThinkMarkets
—
Stop Out
IC Markets
50%
ThinkMarkets
—
Margin Call
IC Markets
100%
ThinkMarkets
—
Zero Account
Account Name
IC Markets
Raw Spread
ThinkMarkets
ThinkZero
Min Deposit
IC Markets
$200
ThinkMarkets
$500
Lot Size
IC Markets
0.01
ThinkMarkets
0.01
Spread Type
IC Markets
Floating
ThinkMarkets
Floating
Execution
IC Markets
Market
ThinkMarkets
Market
Min Spread
IC Markets
0
ThinkMarkets
0.0
Fee
IC Markets
$7 per 1 lot
ThinkMarkets
$7 per 1 lot
Max Leverage
IC Markets
1:500
ThinkMarkets
1:500
Stop Out
IC Markets
50%
ThinkMarkets
50%
Margin Call
IC Markets
100%
ThinkMarkets
100%
Additional Features
Demo Account
IC Markets
ThinkMarkets
VIP Account
IC Markets
ThinkMarkets
Swap-Free Account
IC Markets
ThinkMarkets
Copy Trading
IC Markets
ThinkMarkets
VPS
IC Markets
ThinkMarkets
PAMM/MAM Accounts
IC Markets
ThinkMarkets
Funding and Fees
| Feature | IC Markets | ThinkMarkets |
|---|---|---|
Base currencies | USD, EUR, GBP, AUD, CHF, JPY, NZD, SGD, HKD | USD, EUR, GBP, AUD, CHF, JPY, NZD, SGD, CAD |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, Bpay, FasaPay, Klarna, POLi, Rapidpay | Bank Wire, Credit/Debit Card, Skrill, Neteller, Perfect Money, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tron (TRX), XRP (XRP), Bitcoin Cash, Dash (DASH), Tether (USDT), USD Coin (USDC) |
Inactivity fee | $/£/€30 per month after 90 days of inactivity | |
Interest on margin | ||
Withdrawal fee |
Base currencies
IC Markets
USD, EUR, GBP, AUD, CHF, JPY, NZD, SGD, HKD
ThinkMarkets
USD, EUR, GBP, AUD, CHF, JPY, NZD, SGD, CAD
Deposit and withdrawal methods
IC Markets
Bank Wire, Credit Card, Debit Card, Neteller, PayPal, Skrill, Bpay, FasaPay, Klarna, POLi, Rapidpay
ThinkMarkets
Bank Wire, Credit/Debit Card, Skrill, Neteller, Perfect Money, Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tron (TRX), XRP (XRP), Bitcoin Cash, Dash (DASH), Tether (USDT), USD Coin (USDC)
Inactivity fee
IC Markets
ThinkMarkets
$/£/€30 per month after 90 days of inactivity
Interest on margin
IC Markets
ThinkMarkets
Withdrawal fee
IC Markets
ThinkMarkets
Trading Platforms and Conditions
| Feature | IC Markets | ThinkMarkets |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView | MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, ThinkTrader, ThinkCopy |
Execution Speed | 40 ms | - |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | low |
Trading Platforms
IC Markets
MetaTrader 4 (MT4), MetaTrader 5 (MT5), cTrader, TradingView
ThinkMarkets
MetaTrader 4 (MT4), MetaTrader 5 (MT5), TradingView, ThinkTrader, ThinkCopy
Execution Speed
IC Markets
40 ms
ThinkMarkets
-
Scalping
IC Markets
ThinkMarkets
Expert Advisors (EAs)
IC Markets
ThinkMarkets
Depth of Market (DOM)
IC Markets
ThinkMarkets
Spread
IC Markets
low
ThinkMarkets
low
Trading Assets
| Asset | IC Markets | ThinkMarkets |
|---|---|---|
Currencies | 61 | 46 |
Indices | 25 | 15 |
Stocks | 2175 | 3305 |
Cryptocurrencies | 21 | 21 |
Bonds | 10 | 0 |
Metals | 7 | 10 |
Energies | 5 | 3 |
Soft Commodities | 8 | 3 |
ETFs | 38 | 364 |
Currencies
IC Markets
61
ThinkMarkets
46
Indices
IC Markets
25
ThinkMarkets
15
Stocks
IC Markets
2175
ThinkMarkets
3305
Cryptocurrencies
IC Markets
21
ThinkMarkets
21
Bonds
IC Markets
10
ThinkMarkets
0
Metals
IC Markets
7
ThinkMarkets
10
Energies
IC Markets
5
ThinkMarkets
3
Soft Commodities
IC Markets
8
ThinkMarkets
3
ETFs
IC Markets
38
ThinkMarkets
364
Education and Analytics
| Feature | IC Markets | ThinkMarkets |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
IC Markets
ThinkMarkets
Indicators
IC Markets
ThinkMarkets
Robots
IC Markets
ThinkMarkets
Signals
IC Markets
ThinkMarkets
Autochartist
IC Markets
ThinkMarkets
Expert Analytics
IC Markets
ThinkMarkets
News Feed
IC Markets
ThinkMarkets
Education Articles
IC Markets
ThinkMarkets
Webinars
IC Markets
ThinkMarkets
Seminars
IC Markets
ThinkMarkets
Customer Support
| Contact | IC Markets | ThinkMarkets |
|---|---|---|
Email | support@icmarkets.com | support@thinkmarkets.com |
Phone | +2484671976 | +442035142374 |
Facebook | ||
LinkedIn | ||
YouTube | — | YouTube |
Instagram | ||
Twitter |
Email
IC Markets
ThinkMarkets
Phone
IC Markets
ThinkMarkets
YouTube
IC Markets
—
ThinkMarkets
Which Broker is Better?
After comparing IC Markets and ThinkMarkets, IC Markets comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
More Comparisons
Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.