IronFX vs. ThinkMarkets Broker Comparison

Compare IronFX vs ThinkMarkets

IronFX versus ThinkMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4200+FCA, ASIC, CySEC, FSCA
NoneMT4, MT5, Trade Interceptor1000+FCA, ASIC, FSCA

IronFX and ThinkMarkets Comparison

Both IronFX and ThinkMarkets provide a range of account types, including accounts which can have low Forex spreads plus a commission charge as well as accounts which do not charge commissions. Each offers MT4. ThinkMarkets additionally provides MT5 and Trade Interceptor. In the UK, ThinkMarkets offers spread betting on MT4 and MT5.

IronFX is regulated by the FCA in the United Kingdom, the CySEC in Cyprus, the Australian ASIC and the FSCA in South Africa.

ThinkMarkets is regulated by the FCA in the United Kingdom and the ASIC in Australia and is licensed by the FSCA in South Africa.

Quick comparison

Both offer trading on MT4. ThinkMarkets also provides MT5 and Trade Interceptor and can offer more markets to trade overall.

Minimum deposit and account types

The minimum deposit for IronFX is $100. ThinkMarkets does not have a minimum deposit for its Standard account and for its ThinkZero account has a minimum deposit of $500.

  • IronFX offers a range of account types and services. These include a Micro account which has a minimum deposit of $100, a Premium account with a minimum deposit of $2,500 and a VIP account with a minimum deposit of $20,000. These three account types are available with fixed or variable spreads and the spreads can be tighter on higher account types. The minimum trade size is 0.01 lots except for the Premium and VIP accounts where it is 0.1 lots.
  • IronFX also offers a Zero Fixed Spread account. This provides zero spreads for some markets, with commissions charged. As well, IronFX offers STP/ECN accounts with or without commissions. It also has an STP/ECN Absolute Zero account, with spreads from zero, with no commission charge. For the Zero Fixed Spread account and the STP/ECN account, the minimum deposit is $500. The minimum deposit for the Absolute Zero account is upon request to the account manager.
  • All IronFX accounts offer a dedicated account manager, technical analysis reports, investor education tools and private one-on-one trading guidance. The Premium, VIP, STP/ECN No Commission and STP/ECN Zero Spread accounts also offer a dealing department transaction hotline.
  • 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. The minimum trade size is 0.01 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.

Markets

  • IronFX offer Forex, Indices, Commodities, Stocks, Cryptocurrencies and ETFs, with 200+ available.
  • ThinkMarkets offers Forex, Indices, Commodities, Stocks and Cryptocurrencies, with 1000+ available.

Cryptocurrencies

  • IronFX offers Bitcoin, Ethereum, Litecoin, Ripple and ADA.
  • ThinkMarkets offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Spreads and leverage

Both brokers can offer Forex spreads from 0 plus a commission charge. IronFX can additionally offer Forex spreads from 0.5 without a commission charge, while ThinkMarkets can provide Forex spreads from 0.4 without a commission charge.

Maximum leverage on IronFX (FCA or CySEC regulated) is . Maximum leverage on ThinkMarkets (FCA regulated) is .

Commission charge

  • IronFX has a commission charge from $6.75 per lot per side.
  • ThinkMarkets does not charge a commission on the Standard account and charges a commission of $3.5 per lot per side for its ThinkZero account.

Online trading platforms

Each offers MT4. ThinkMarkets additionally provides MT5 and Trade Interceptor.

Why IronFX or ThinkMarkets ?

Traders who want to trade on MetaTrader 4 (MT4) can do so at either broker. Those who want to trade on MetaTrader 5 (MT5) can do so at ThinkMarkets. Traders who want to trade on a user friendly platform designed for the trader who executes their own trades can find Trade Interceptor at ThinkMarkets.

Comparison summary

  • Both brokers provide CFD trading
  • In the UK, ThinkMarkets additionally offers spread betting
  • Both brokers provide MT4
  • ThinkMarkets additionally offers MT5 and Trade Interceptor

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