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IC Markets vs ThinkMarkets 2026
A detailed head-to-head comparison of IC Markets and ThinkMarkets across regulation, trading costs, platforms, and more.
Score Breakdown
Category-by-Category Winner
Detailed Comparison
Overview
Trading Costs
Platforms & Features
Instruments
IC Markets vs ThinkMarkets: Our Analysis
Overall Verdict
With an overall score of 84.2/100 vs 78.7/100, IC Markets edges out ThinkMarkets by 5.5 points. This moderate gap suggests IC Markets has an edge in several key areas.
Trading Costs
On the EUR/USD pair, IC Markets offers an average spread of 0.10 pips with a $6.00 round-turn commission, while ThinkMarkets comes in at 0.40 pips with a $7.00 commission. IC Markets offers tighter pricing on EUR/USD. Minimum deposit is $200 at IC Markets and $0 at ThinkMarkets.
Regulation & Safety
IC Markets holds 5 regulatory licenses with a highest tier of Tier 1 (ASIC, CySEC, CMA), while ThinkMarkets has 6 licenses at Tier 1 (FCA, ASIC, CySEC). ThinkMarkets has more regulatory licenses overall.
Platform Comparison
IC Markets offers MT4, MT5, cTrader, TradingView — uniquely offering cTrader, TradingView which ThinkMarkets does not have. ThinkMarkets supports MT4, MT5, ThinkTrader, with exclusive access to ThinkTrader. IC Markets provides a wider platform selection.
Who Should Choose Which?
IC Markets suits cost-conscious traders, traders who want advanced tools, while ThinkMarkets is better for beginners seeking education. Both brokers offer demo accounts, so you can test each before committing real funds.
Frequently Asked Questions
Based on our testing, IC Markets scores higher overall at 84.2/100 compared to ThinkMarkets's 78.7/100. However, "better" depends on your priorities — ThinkMarkets may be superior in specific categories like certain niche features.
IC Markets offers tighter spreads with an average EUR/USD spread of 0.10 pips, compared to 0.40 pips at ThinkMarkets. Check our detailed comparison table above for GBP/USD and USD/JPY spreads as well.
Both brokers score equally on regulation at 82/100. IC Markets is regulated by ASIC, CySEC, CMA, while ThinkMarkets holds licenses from FCA, ASIC, CySEC.
For beginners, ThinkMarkets is the stronger choice with an education and research score of 68/100. It offers webinars, and a free demo account. IC Markets scores 62/100 for education.
Yes, there is no restriction on having accounts with both IC Markets and ThinkMarkets simultaneously. Many experienced traders maintain accounts with multiple brokers to take advantage of each broker's strengths — for example, using one for its lower spreads on majors and another for its wider instrument range or better platform features.
Reviewed by
Neil CNeil C is a financial markets analyst and forex trading specialist with over 10 years of experience evaluating broker platforms, trading conditions, and regulatory frameworks. He has personally tested accounts with dozens of brokers and brings a data-driven methodology to every review.
Last updated: April 2026