IQ Option vs ThinkMarkets - Trading Brokers Comparison

IQ Option vs ThinkMarkets | Online Brokerage Comparison

IQ Option vs ThinkMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarkets
$10Web Trader, Downloaded Platform300+
NoneMT4, Trade Interceptor200+

IQ Option vs ThinkMarkets Comparison

Both of these brokers offer support for traders who wish to trade at their own discretion. IQ Option provides 300+ CFD markets while ThinkMarkets offers 200+. IQ Option has a user friendly trading platform, as does ThinkMarkets with Trade Interceptor. However ThinkMarkets also provides the MetaTrader 4 (MT4) online trading platform, with support for Expert Advisors (EAs) - MT4 trading robots executing automated trading strategies on behalf of the trader. Both offer CFD trading, but in the UK, ThinkMarkets offers MT4 spread betting.

Quick comparison

Both offer trading platforms to suit traders who make their own trading decisions. ThinkMarkets also provides MT4 with support for trading robots.

Minimum deposit and key account features

The minimum deposit for IQ Option is $10. ThinkMarkets does not have a minimum deposit for its Standard account and for its ThinkZero account has a minimum deposit of $500.

  • IQ Option has Analysis on its trading platform. The minimum order size is $1.
  • ThinkMarkets offers both CFD trading and spread betting. It offers 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. EAs and scalping are allowed. the minimum trade size is 0.01 (micro) lots.
  • ThinkMarkets account types provide 24/6 Live Support and a Free VPS Service. The ThinkZero account also provides Autochartist and an account manager.

Minimum position size

ThinkMarkets has a minimum trade size of 0.01 lots. However IQ Option allows a minimum order size of $1.

Markets

  • IQ Option offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks, Soft Commodities, ETFs and Options, with 300+ available.
  • ThinkMarkets provides Forex, Indices, Energy, Metals, Cryptocurrencies and Stocks, with 200+ available.

IQ Option provides 85+ Forex pairs, ThinkMarkets provided 50+ Forex pairs.

Cryptocurrency CFDs

  • IQ Option offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, DASH, OmiseGO, Ethereum Classic, TRON, QTUM, Zcash and EOS CFDs.
  • ThinkMarkets offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, DASH, OmiseGO, Bitcoin Gold, Monero, ETP, IOTA, NEO and Zcash.

Leverage

  • Maximum leverage for IQ Option (CySEC regulated) is . Maximum leverage for ThinkMarkets (FCA regulated) is . Maximum leverage for ThinkMarkets (ASIC regulated) is 500:1.

Online trading platforms

IQ Option provides its web trader and a donwloaded version of it. ThinkMarkets offers Trade Interceptor. Each provides apps for mobile.

Why IQ Option or ThinkMarkets ?

For trader who want a clear accessible user friendly trading platform to make their trading experience as straightforward as possible, each offers platform designed to do this. However for traders who wish to either spread bet on MT4 (in the UK) or trade CFDs and Expert Advisors, ThinkMarkets provides accounts for this purpose.

Comparison summary

  • Both offer CFD trading
  • ThinkMarkets also has MT4 spread betting in the UK
  • As well as MT4, ThinkMarkets also offers Trade Interceptor for CFD trading
  • ThinkMarkets supports the use of EAs on MT4

Search this site

Translate