ITRADER vs ThinkMarkets Comparison

ITRADER vs ThinkMarkets Broker Comparison

ITRADER versus ThinkMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$250MT4200+CySEC
NoneMT4, Trade Interceptor200+FCA, ASIC

ITRADER and ThinkMarkets Comparison

Both of these brokers provide MT4, ThinkMarkets also offers Trade Interceptor. Both can provide tight spreads without a commission charge (ITRADER offers its tightest spreads on its VIP account). ThinkMarkets can offer on its ThinkZero account, Forex spreads from 0 pips, plus a commission charge. While they have a similar number of markets, ITRADER has a particularly wide range of Cryptocurrency CFDs available. ITRADER is regulated by the CySEC in Cyprus. ThinkMarkets is regulated by the FCA in the United Kingdom and by the ASIC in Australia.

Quick comparison

Both offer MT4 (in the UK, ThinkMarkets offers both spread betting and CFD trading on MT4). ThinkMarkets also provides Trade Interceptor. They both have a relatively wide range of Cryptocurrency CFDs.

Account types and minimum deposit

The minimum deposit for ITRADER is $250. There is no minimum deposit for ThinkMarkets's Standard account, but there is a minimum deposit of £/$500 for the ThinkZero account.

  • The minimum deposit for ITRADER is $250. ITRADER provides three account types, Silver, Gold and Platinum. The current minimum deposit for Gold and Platinum is available upon request from the account manager assigned to the trader's account. An Islamic account is available on request.
  • ITRADER provides an extensive animated trading course on its website. It also offers eBooks, webinars and daily reviews and provides hedging for all account types. The Gold account additionally provides extra webinars and videos and a dedicated account manager. The Platinum account additionally provides a Free VPS and News Alerts.
  • ThinkMarkets offers both CFD trading and spread betting. It provides the Standard account and the ThinkZero account. An Islamic account is available. There is no minimum deposit for the Standard account. The minimum deposit for the ThinkZero account is $/£500. The Standard account does not charge commissions, ThinkZero account does charge a commission.
  • ThinkMarkets account types provide 24/6 Live Support and a Free VPS Service. The ThinkZero account also provides Autochartist and an account manager.

Markets

  • ITRADER offers 200+ covering Currency Pairs, Indices, Energy, Metals, Stocks, Cryptocurrencies and Soft Commodities.
  • ThinkMarkets offers 200+ covering Currency Pairs, Indices, Energy, Metals, Stocks and Cryptocurrencies.

Cryptocurrencies

  • ITRADER offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash ABC, Bitcoin Gold, Monero, DASH, IOTA, NEO, Zcash, Ethereum Classic, Cardano, Bitcoin SV, IOTA, Lisk, NEO, Qtum, Siacoin, Tether, NEM, Stellar, Verge, WAVES, TRON and Golem.
  • ThinkMarkets offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Bitcoin Gold, Monero, DASH, IOTA, NEO, Zcash, ETP and OmiseGO.

Spreads and leverage

  • ITRADER offers variable spreads, which can vary depending on account type. On ITRADER's Silver account, EUR/USD spreads are from 2.2, UK100 from 2, Gold from 0.59 and US Crude Oil from 0.07. On ITRADER's Platinum account, EUR/USD spreads are from 0.7, UK100 from 1, Gold from 0.37 and US Crude Oil from 0.03.
  • Spreads on ThinkMarkets can vary with account type and types of trading. Spread betting Standard spreads are variable and are from 0.8 for EUR/USD, with a target spread from 1 for UK100 and with an average spread of 0.20 for Gold and 0.04 for US Crude Oil.
  • ThinkMarkets CFD Standard spreads are variable and are from 0.4 for EUR/USD, with a target spread from 1 for UK100 and from 0.25 for Gold and 0.03 for US Crude Oil. On the ThinkZero account, Forex spreads can be as low as 0 with commissions of $3.5 per lot per side.

The maximum leverage for ITRADER is . The maximum leverage for ThinkMarkets is .

Platform

Both brokers provide MT4, available on desktop, tablet and mobile. The two brokers offer micro lot trading.

Comparison summary

  • These brokers offer MT4
  • ThinkMarkets also offers the Trade Interceptor trading platform
  • ThinkMarkets is a no dealing desk broker
  • ITRADER can provide its tighter spreads on account types requiring a higher minimum deposit
  • Both brokers offer variable spreads
  • ThinkMarkets also provides spread betting on MT4
  • ITRADER has a particularly wide range of Crypto CFDs on MT4
  • ITRADER is regulated by the CySEC, ThinkMarkets is regulated by the FCA and the ASIC

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