IC Markets vs ThinkMarkets, Who's Better?

Compare IC Markets vs ThinkMarkets

Each platforms for online trading will have certain ups and downs, and any comprehensive review of IC Markets and ThinkMarkets should not be regarded as thorough without adopting an objective perspective.

Examine ThinkMarkets and IC Markets in order to understand the way these platforms compare with each before you make an account. A comprehensive comparison helps to bring aspects into perspective to ensure that you remain aware of what to expect.

So you are looking for a reputable broker and are choosing between IC Markets or ThinkMarkets. Who is better in 2023?

This IC Markets vs ThinkMarkets comparison contains the most recent information so you can easily compare ThinkMarkets against IC Markets.

If you are a new entrant in the realm of trading and brokerages, so many details will be confusing for you. Getting into the area of trading demands expert analyzing skills and thorough knowledge. You'll get adept at all the concepts of broker as you keep trading. For starters, you need to select the ideal agent who'll be transparent with you always.

In this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment plan has the potential to generate hefty returns. IC Markets and ThinkMarkets are two such companies that will take you and your investment to great heights. It's crucial to compare IC Markets vs ThinkMarkets until you trust them with your money.

Our IC Markets vs ThinkMarkets comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IC Markets and ThinkMarkets side by side.

Our full IC Markets vs ThinkMarkets Review covers all you need to know about trading using either IC Markets or ThinkMarkets. A good agent can multiply your first investments and give you positive profits. If you want to make profits, you should trade with a brokerage service that contrasts with your investing goals.

There is no sure-fire way to ensure profits; thus, you must carefully assess your agent before you choose them. It is a common misconception that all agents will be the same, but that is not correct. Wrong judgment, initially, can put your investments at risk.

IC Markets and ThinkMarkets are both brokers which have forged their way successfully to the brokerage world. Within this review, we've attempted to collate some of the vital aspects of both IC Markets and ThinkMarkets. This review can allow you to understand whether either ThinkMarkets or IC Markets is a fantastic fit for your investments or not. We've tried to breakdown all of the features and charges for your convenience.

Benefits of IC Markets and ThinkMarkets Compared

IC Markets offers a minimum deposit of $200 while ThinkMarkets has a $0 minimum deposit.

Why smaller minimum deposits are good and how IC Markets and ThinkMarkets compare

The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.

IC Markets allows you to trade around 232 financial instruments while ThinkMarkets has around 232 financial instruments available.

The more instruments you can trade on the IC Markets and ThinkMarkets trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you should never want to miss out on a trading opportunity due to the limitations of IC Markets or ThinkMarkets.

IC Markets and ThinkMarkets Contact Details

Being able to contact an online trading platform simply is vital. IC Markets and ThinkMarkets have the following contact details and social medias that you can use.

ThinkMarkets and IC Markets Mobile App Comparison

As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.

This part of comparing IC Markets and ThinkMarkets will examine whether their mobile app meets all our requirements.

We rate overall the user-friendliness of both apps as Better than the average.

It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.

Search Functions

Although most brokers do OK in this area, there are some bad apples out there. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?

IC Markets vs ThinkMarkets - Awards

IC Markets vs ThinkMarkets - Frequently Asked Questions

IC Markets vs ThinkMarkets - Headquarters And Year Of Founding

IC Markets was founded in 2007 and has its headquaters in Australia.

ThinkMarkets was founded in 2010 and has its headquaters in Australia & United Kingdom.

What is the minimum deposit for ThinkMarkets or IC Markets

The minimum deposit for IC Markets is $200.

The minimum deposit for ThinkMarkets is $0.

Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both IC Markets and ThinkMarkets are a good choice.

IC Markets vs ThinkMarkets - Regulation And Licencing In More Detail

IC Markets is regulated by Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).

ThinkMarkets is regulated by the Japanese Financial Services Agency (JFSA) with license no. 0250, the Cyprus Securities and Exchange Commission (CySEC) with license no. 215/13, the Financial Conduct Authority (FCA 629628) in the UK, the Australian Securities and Investments Commission (ASIC 424700), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA SD060) Seychelles. TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF GLobal Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF GLobal Markets (South Africa) (Pty) Ltd is an authorised financial services provider (FSP No 49835). TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060 Seychelles .

Both IC Markets and ThinkMarkets have a powerful collection of rules for ensuring fair trading on their platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).

In accordance with their own privacy regulations, client information is never to be shared with any other institutions or individuals. Including credit history and other financial details.

Compare IC Markets vs ThinkMarkets Commission And Fees

IC Markets and ThinkMarkets are online broker platforms, and many online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the businesses of online trading platforms are scaled much better. That is, an online broker is not necessarily affected by the amount of clients they have.

However, this does not mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly 3 types of penalties for this objective.

The first sort of charges to keep an eye out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you're billed trading fees. In these instances, you're spending a spread, financing rate, or even a commission. The kinds of trading fees and the rates differ from broker to broker.

Commissions can be fixed or determined by the traded quantity. On the flip side, a spread refers to the gap between the buying and selling cost. Funding or overnight prices are those that are billed when you maintain a leveraged position for longer than daily.

Apart from trading charges, online agents also charge non-trading fees. These are dependent on the activities you undertake on your accounts. They're charged for surgeries like depositing cash, not trading for long periods, or withdrawals.

In general, neither IC Markets or ThinkMarkets charge high fees compared to other online agents. For operations other brokers charge for, they do not charge a brokerage fee, or they charge a lesser sum. This can be beneficial for people who regularly trade, for example weekly or daily trading.

However, non-trading fees charged by IC Markets and ThinkMarkets are comparatively greater. Consequently, you're billed more for non-trading activities in your trading accounts, like deposits and withdrawal. These are not related to the sale and purchase of resources.

This IC Markets vs ThinkMarkets review for 2023 breaks down each of the relevant non-trading charges for you in detail.

Compare Broker Fees For IC Markets And ThinkMarkets

What Languages Do IC Markets And ThinkMarkets Support?

Being able to chat easily with your online platform is a key part of comparing brokers to find the best broker. Not only for support but to be sure you completely understand everything on their site and inside their application as it is a key part of success when trading forex.

Here you can find the languages that both IC Markets and ThinkMarkets support.

How Many Clients Do IC Markets and ThinkMarkets Have?

Both IC Markets and ThinkMarkets are well established with their customer base. It is really important to work with an online broker that is professional and one of the most simple ways of establishing this is by knowing how many clients are using their services.

Below you will find details of how many users IC Markets and ThinkMarkets are working with

What Payment Methods Do IC Markets and ThinkMarkets Accept?

IC Markets and ThinkMarkets both offer a wide range of payment options which is vital when you have a global customer base.

Below you will find details of all the payment options available at IC Markets and ThinkMarkets

What Can You Trade With IC Markets and ThinkMarkets?

IC Markets offers 232 trading instruments whilst ThinkMarkets offers 3500.

Below you will find a full breakdown of what both IC Markets and ThinkMarkets offer.