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, MT5, Trade Interceptor1000+

IQ Option vs ThinkMarkets Comparison

Both of these brokers offer support for traders who wish to trade at their own discretion. IQ Option has a user friendly trading platform, as does ThinkMarkets with Trade Interceptor. IQ Option provides 300+ CFD markets while ThinkMarkets offers 1000+.

ThinkMarkets also provides the MetaTrader 4 (MT4) online trading platform along with its successor MetaTrader 5 (MT5), with support for Expert Advisors (EAs) - MT4 and MT5 trading robots executing automated trading strategies on behalf of the trader.

Both offer CFD trading, but in the UK, ThinkMarkets additionally provides MT4 and MT5 spread betting.

Quick comparison

Both offer trading platforms to suit traders who make their own trading decisions. ThinkMarkets also provides MT4 and MT5 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 Market Analysis, News, a Forex Calendar, an Earnings Calendar and a Crypto Calendar 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, T&Cs apply. The ThinkZero account also offers AutoChartist and an account manager. ThinkMarkets offers Market News, Webinars, an Economic Calendar and Tutorials on its website.

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, Stocks and Soft Commodities, with 1000+ available.

IQ Option provides 40+ Forex pairs, ThinkMarkets provides 40+ 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.

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, MT4 and MT5. Each provides apps for mobile.

Why IQ Option or ThinkMarkets ?

For traders who want a clear accessible user friendly trading platform to make their trading experience as straightforward as possible, each offers platforms designed to do this. However for traders who wish to either spread bet on MT4 (in the UK) or trade CFDs and Expert Advisors (on MT4 and MT5), ThinkMarkets provides accounts for this purpose. Traders who want to trade with a low minimum order size can do so at IQ Option.

Comparison summary

  • Both provide CFD trading
  • In the UK, ThinkMarkets additionally offers MT4 and MT5 spread betting
  • Both offer user friendly trading platform
  • ThinkMarkets additionally provides MT4 and MT5
  • ThinkMarkets has more markets overall, on MT5
  • IQ Option has a wider range of markets to trade
  • ThinkMarkets supports trading with EAs
  • IQ Option has a low minimum order size ($1)

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