Broker comparison

IC Markets vs.
ThinkMarkets

Which broker fits your needs?

Platforms, products and fees side by side.

Updated: October 2026

See comparison

Summary

Your goal decides.

IC Markets has a higher rating of 4.4/5 compared to ThinkMarkets (4.1/5). IC Markets offers 7 instrument types, while ThinkMarkets offers 5. The minimum deposit is lower at ThinkMarkets with 0 €. IC Markets has been in the market since 2007, making it the more experienced provider. On spreads, IC Markets offers EUR/USD from 0.0 pip (Raw Spread) + $3.50 per lot per side, 0.8 pip (Standard), while ThinkMarkets offers EUR/USD from 0.4 pip (ThinkZero) + $3.50 per lot per side, 1.2 pip (Standard).

ECN broker with ultra-low spreads and fast execution

FCA/ASIC-regulated multi-asset broker with fast execution

At a glance

The key differences

Criterion
PlatformsMT4, MT5, cTraderMT4, MT5, ThinkTrader
Product typesForex, Indices, Commodities, Stocks CFDs, Bonds, Crypto CFDs, Futures CFDsForex, Indices, Commodities, Stocks CFDs, Crypto CFDs
Options tradingNoNo
Fee modelFrom 0.0 pips + $3.50 commission (Raw Spread)From 0.0 pips (ThinkZero), no commission (Standard)
Minimum deposit200 $0 €
RegulationASIC/CySECFCA/ASIC
More informationDetailsDetails

Platforms

IC Markets

MT4, MT5, cTrader

ThinkMarkets

MT4, MT5, ThinkTrader

Product types

IC Markets

Forex, Indices, Commodities, Stocks CFDs, Bonds, Crypto CFDs, Futures CFDs

ThinkMarkets

Forex, Indices, Commodities, Stocks CFDs, Crypto CFDs

Options trading

IC Markets

No

ThinkMarkets

No

Fee model

IC Markets

From 0.0 pips + $3.50 commission (Raw Spread)

ThinkMarkets

From 0.0 pips (ThinkZero), no commission (Standard)

Minimum deposit

IC Markets

200 $

ThinkMarkets

0 €

Regulation

IC Markets

ASIC/CySEC

ThinkMarkets

FCA/ASIC

More information

IC Markets

Details

ThinkMarkets

Details

Product access and costs depend on market, account and permissions.

Detailed comparison

Comparing fees

Compare total costs, not just the order fee.

From 0.0 pips + $3.50 commission (Raw Spread)

Published fee
From 0.0 pips + $3.50 commission (Raw Spread)
Minimum deposit
200 $
Spread figure
EUR/USD from 0.0 pip (Raw Spread) + $3.50 per lot per side, 0.8 pip (Standard)
See terms at provider

From 0.0 pips (ThinkZero), no commission (Standard)

Published fee
From 0.0 pips (ThinkZero), no commission (Standard)
Minimum deposit
0 €
Inactivity
$10/month after 12 months of inactivity
See terms at provider

The relevant costs depend on market, currency, order size and trading style.

Execution quality

Order type, venue and liquidity affect execution.

Check the provider’s execution policy and available order types for your account.

Provider information

Check the provider’s execution policy and available order types for your account.

Provider information

Product range

ForexIndicesCommoditiesStocks CFDsBondsCrypto CFDsFutures CFDs
ForexIndicesCommoditiesStocks CFDsCrypto CFDs

Categories come from broker profiles. Check specific markets and permissions before deciding.

Trading platforms

MT4 · MT5 · cTrader

IC Markets offers three top-tier trading platforms for different trading styles. MetaTrader 4 is the classic choice for Forex traders with extensive EA support. MetaTrader 5 expands the offering with additional timeframes and order types. The cTrader platform excels with its intuitive interface, Level II market depth, and cAlgo for algorithmic trading. All platforms offer VPS hosting for uninterrupted automated trading.

Explore platform

MT4 · MT5 · ThinkTrader

ThinkMarkets offers three powerful trading platforms: The proprietary ThinkTrader platform impresses with its modern design, over 80 technical indicators, and innovative tools such as the sentiment indicator. Additionally, MetaTrader 4 and MetaTrader 5 are available, supporting Expert Advisors and algorithmic trading. All platforms are available as web, desktop, and mobile versions.

Explore platform

Regulation & security

ASIC/CySEC

Regulatory information

FCA/ASIC

Regulatory information

Regulation does not prevent market losses. The relevant authority depends on the contracting entity.

Your investor profile

Who might it suit?

ECN broker with ultra-low spreads and fast execution

  • Ultra-low spreads from 0.0 pips
  • Fast order execution (under 40ms)
  • cTrader platform available
  • No proprietary platform
  • Educational content could be more comprehensive

FCA/ASIC-regulated multi-asset broker with fast execution

  • Dual FCA and ASIC regulation
  • Low spreads from 0.0 pips
  • Proprietary ThinkTrader platform
  • Limited educational resources
  • No real stocks or options

Find the broker that fits

IC Markets oder ThinkMarkets?

Side by side. Decided with knowledge.

See the differences that matter, and the Academy lessons that explain them.

IC Markets4.4
  • Ultra-low spreads from 0.0 pips
  • Fast order execution (under 40ms)
  • cTrader platform available
ThinkMarkets4.1
  • Dual FCA and ASIC regulation
  • Low spreads from 0.0 pips
  • Proprietary ThinkTrader platform
VS
  • Fees
  • Platform
  • Regulation
  • Matching lessons
Two brokers. Many options. Your call.
Open The Dealing Room

Your questions

Frequently asked questions

How do fees differ between IC Markets and ThinkMarkets?
IC Markets: From 0.0 pips + $3.50 commission (Raw Spread). ThinkMarkets: From 0.0 pips (ThinkZero), no commission (Standard). Compare total costs for the specific market, product, currency and order size in the current fee schedule.
Which broker offers more products: IC Markets or ThinkMarkets?
IC Markets offers Forex, Indices, Commodities, Stocks CFDs, Bonds, Crypto CFDs, Futures CFDs. ThinkMarkets offers Forex, Indices, Commodities, Stocks CFDs, Crypto CFDs.
How are IC Markets and ThinkMarkets regulated?
The broker profiles list ASIC/CySEC for IC Markets and FCA/ASIC for ThinkMarkets. Your account's contracting entity determines the applicable oversight and protection rules; check its current disclosures.
Is IC Markets or ThinkMarkets better for beginners?
IC Markets lists a 200 $ minimum deposit and offers MT4, MT5, cTrader. ThinkMarkets lists 0 € and offers MT4, MT5, ThinkTrader. Compare usability, available products and costs for your intended use.
IC Markets vs ThinkMarkets: Which broker is better overall?
The choice between IC Markets (4.4/5, 2200 reviews) and ThinkMarkets (4.1/5, 620 reviews) depends on your needs. IC Markets: ECN broker with ultra-low spreads and fast execution. ThinkMarkets: FCA/ASIC-regulated multi-asset broker with fast execution.
How do spreads compare between IC Markets and ThinkMarkets?
IC Markets offers typical spreads of EUR/USD from 0.0 pip (Raw Spread) + $3.50 per lot per side, 0.8 pip (Standard). ThinkMarkets offers EUR/USD from 0.4 pip (ThinkZero) + $3.50 per lot per side, 1.2 pip (Standard). Tighter spreads reduce trading costs especially for active trading.
Do IC Markets or ThinkMarkets charge an inactivity fee?
IC Markets: no inactivity fee. ThinkMarkets: $10/month after 12 months of inactivity.

Your next step

Your next step

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Before you pick a broker

The guides worth reading before your first trade, whichever of the two you choose.

Options risks & opportunitiesWhat you can lose, and what the risk buys you.Options taxes in GermanyFlat-rate tax, loss offsetting and allowances.Options trading basicsStrike, expiry, underlying: the building blocks of every option.
Terms in the glossary:MarginPremiumCall optionUnderlyingExercise