IC Markets vs ThinkMarkets
Choosing between IC Markets and ThinkMarkets is a common decision for forex traders in Africa. In our analysis, IC Markets scores 86/100 on our Hub Score compared to ThinkMarkets's 83/100. For traders with limited starting capital, ThinkMarkets has a lower entry point at $10. Below is a detailed, data-driven comparison across fees, regulation, platforms, and more to help you decide which broker fits your trading style.
Quick Verdict
Based on our Hub Score analysis, IC Markets scores higher overall with 86/100. However, the best broker depends on your priorities — compare the detailed breakdown below to find the right fit for your trading style.
IC Markets
ThinkMarkets
| Feature | IC Markets | ThinkMarkets |
|---|---|---|
| Hub Score | 86/100 | 83/100 |
| Min. Deposit | $200 | $10 |
| Spreads | From 0.0 pips | From 0.0 pips |
| Max Leverage | 1:5000 | 1:2500 |
| Regulation | ASIC, CySEC, FSA | ASIC, FCA, JFSA, CySEC, FSCA, DFSA, FSA Seychelles, CIMA, FSC Mauritius, FMA |
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, TradingView | ThinkTrader, MetaTrader 4, MetaTrader 5, TradingView |
| Account Types | Standard, Raw Spread, cTrader Raw Spread, Islamic | Standard, ThinkTrader, ThinkZero |
| Trading Instruments | Forex, Indices, Commodities, Shares, Crypto, Bonds | Forex, Indices, Commodities, Shares, Crypto, Bonds |
| Founded | 2007 | 2010 |
| Headquarters | Sydney Australia | London UK & Melbourne Australia |
Pros
- Raw spreads from 0.0 pips
- Ultra-fast execution speeds
- Institutional-grade liquidity
- Award-winning execution quality
- 2300+ instruments available
Cons
- Higher minimum deposit $200
- Limited educational resources
- Complex for beginners
- Fewer account type options
Pros
- Raw spreads from 0.0 pips
- Nine top-tier regulations
- 4000+ instruments available
- Proprietary ThinkTrader platform
- 450000+ active traders
Cons
- Higher minimum deposit $100
- Complex platform for beginners
- Limited educational resources
- Newer brand recognition
Which broker has lower spreads, IC Markets or ThinkMarkets?
IC Markets offers spreads from From 0.0 pips, while ThinkMarkets offers spreads from From 0.0 pips. Check each broker's specific account type for exact spread conditions.
What is the minimum deposit for IC Markets vs ThinkMarkets?
IC Markets requires a minimum deposit of $200, while ThinkMarkets requires $10.
Is IC Markets or ThinkMarkets better regulated?
IC Markets is regulated by ASIC, CySEC, FSA, while ThinkMarkets is regulated by ASIC, FCA, JFSA, CySEC, FSCA, DFSA, FSA Seychelles, CIMA, FSC Mauritius, FMA. Always verify regulation status directly with the relevant authority.
Which is better for beginners, IC Markets or ThinkMarkets?
IC Markets may be better suited for experienced traders. ThinkMarkets is also beginner-friendly. Consider factors like minimum deposit, educational resources, and platform ease of use.
Disclaimer: This comparison is based on publicly available information and our independent analysis. Broker offerings, fees, and regulatory status can change at any time. Always verify current conditions directly with the broker before opening an account. Trading forex involves significant risk of loss and is not suitable for all investors.