IFC Markets vs ThinkMarkets Comparison
ThinkMarketsWe test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of IFC Markets and ThinkMarkets
| Broker | IFC Markets | ThinkMarkets |
|---|---|---|
| Rating | 4.3/5 | 4/5 |
| Foundation Year | 2005 | 2009 |
| Regulated in Countries | British Virgin Islands, Malaysia | Seychelles, United Kingdom, Australia, Cyprus, South Africa, Japan, Cayman Islands |
| Minimum Deposit |
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| Spread | from 0.4 points | from 0 points |
| Max Leverage | 1:400 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | IFC Markets Review | ThinkMarkets Review |
IFC Markets is suitable for traders looking for various trading instruments and platforms but may not be ideal for those who require an ECN account.
ThinkMarkets suits traders who value attractive trading conditions, a wide range of products, analytical tools, and educational materials.
IFC Markets Review
IFC Markets is a reliable and licensed broker, offering a broad spectrum of trading instruments and platforms for investors of various experience levels. With multilingual support and extensive educational resources, the company aims to provide its clients with a comfortable and efficient trading environment.
IFC Markets could be a suitable choice for investors seeking a variety of trading instruments and platforms.
Pros and Cons of IFC Markets
Pros
- A wide range of trading assets.
- Variety of trading platforms.
- Educational materials for traders of all experience levels.
- Tools for creating synthetic tools are available.
Cons
- High swaps.
IFC Markets is in the top 10 of the following ratings:
ThinkMarkets Review
ThinkMarkets is a highly regulated broker with licenses from the FCA and ASIC, confirming its reliability and operations transparency. The broker offers a wide range of trading platforms suitable for beginners and experienced traders. Extensive analytical resources and educational materials help traders to develop their skills and improve trading efficiency. Round-the-clock support ensures that help is always available, no matter the time of day.
ThinkMarkets is ideal for traders who are looking for a reliable and well-regulated broker with a variety of technological solutions and analytical tools. The broker is especially suitable for active traders who are willing to invest time in learning the market through the training materials offered.
Pros and Cons of ThinkMarkets
Pros
- Wide range of trading platforms.
- Strong analytical support.
- Extensive educational materials.
- 24/7 technical support.
Cons
- Limited choice of trading accounts.
- Withdrawal fees and account inactivity fees.
Reliability
| Broker | IFC Markets | ThinkMarkets |
|---|---|---|
| Reliability | 4.2/5 | 5/5 |
| Foundation Year | 2005 | 2009 |
| Regulated in Countries | British Virgin Islands, Malaysia | Seychelles, United Kingdom, Australia, Cyprus, South Africa, Japan, Cayman Islands |
| Regulators | BVIFSC BVIFSC LFSA LFSA | SFSA SFSA - FCA FCA ASIC ASIC CySEC CySEC FSCA FSCA JFSA JFSA CIMA CIMA |
IFC Markets
The broker demonstrates high reliability, confirmed by multi-jurisdictional regulation and professional indemnity insurance.
Pros
- Multi-jurisdictional regulation.
- Insurance against professional liability.
Cons
- Lack of regulation in countries with stricter requirements.
ThinkMarkets
The presence of licenses from authoritative regulators and a good reputation speak to the reliability of ThinkMarkets.
Account Opening
| Broker | IFC Markets | ThinkMarkets |
|---|---|---|
| Account Opening | 5/5 | 4/5 |
| Minimum Deposit |
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IFC Markets
Opening an account with IFC Markets is relatively simple and convenient.
ThinkMarkets
The account opening process at ThinkMarkets is simple and convenient. However, due to the possible verification process taking up to 2 days, the account opening process may not be as fast as desired.
Account Types
| Broker | IFC Markets | ThinkMarkets |
|---|---|---|
| Account Types | 4.3/5 | 3.3/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.4 points | from 0 points |
| Max Leverage | 1:400 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
IFC Markets
IFC Markets offers a good selection of accounts that meet the requirements of various categories of traders, though there are some limitations.
Pros
- A wide selection of trading accounts.
- Swap-free accounts for Islamic traders.
- PAMM accounts available.
Cons
- Absence of STP and ECN accounts.
ThinkMarkets
ThinkMarkets offers two main types of accounts, but the variety of accounts is limited, and there are no accounts for certain groups of traders.
Pros
- Free VPS
- Ability to copy trades of successful traders
Cons
- Lack of cent accounts and fixed spread accounts
- No Islamic account
Commissions
| Broker | IFC Markets | ThinkMarkets |
|---|---|---|
| Commissions | 3/5 | 2.3/5 |
| Spread | from 0.4 points | from 0 points |
| Average Spread (EURUSD) | 1.4 | 1.2 |
| Commission per Lot | $3.5 |
IFC Markets
IFC Markets offers competitive spreads, but high swaps can make long-term trading difficult.
ThinkMarkets
ThinkMarkets has average market commissions, making it accessible for most traders. However, it should be noted that the broker charges some non-trading commissions.
Pros
- Transparent commission structure.
Cons
- Conversion fee for withdrawals in a currency other than the base currency.
- Inactivity fee.
Deposit and Withdrawal
| Broker | IFC Markets | ThinkMarkets |
|---|---|---|
| Rating | 4.5/5 | 4/5 |
| Account Funding Methods |
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IFC Markets
IFC Markets provides numerous methods for depositing and withdrawing funds without additional commissions, ensuring convenience and savings for traders.
Pros
- Wide choice of deposit and withdrawal methods.
- No broker commissions on financial transactions.
Cons
- Withdrawals can only be made through the same method as deposits.
- Withdrawal requests may take up to 2 business days to process.
ThinkMarkets
The broker offers convenient methods for depositing and withdrawing funds, most of which are commission-free, however, there may be delays in withdrawals.
Pros
- Wide selection of deposit and withdrawal methods.
- No commission for most deposit and withdrawal cases.
Cons
- Conversion fee for withdrawals in a currency other than the base currency.
- Potential long withdrawal times due to meticulous transaction verification
Markets and Products
| Broker | IFC Markets | ThinkMarkets |
|---|---|---|
| Markets and Products | 5/5 | 5/5 |
| Forex | 53 | 46 |
| Precious Metals | 7 | 10 |
| Energy Carriers | 4 | 3 |
| Soft Commodities | 16 | 3 |
| Indices | 12 | 15 |
| Stocks | 461 | 3305 |
| ETF | 4 | 364 |
| Cryptocurrency | 14 | 21 |
IFC Markets
IFC Markets offers extensive financial instruments, providing flexibility for traders' diverse strategies.
ThinkMarkets
ThinkMarkets offers a highly diverse range of trading instruments.
Trading Platforms
| Broker | IFC Markets | ThinkMarkets |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Trading Platforms |
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IFC Markets
The IFCM platforms include MT4, MT5, and the proprietary NetTradeX terminal, offering a broad selection with advanced features.
ThinkMarkets
ThinkMarkets offers a wide selection of platforms, including popular MetaTrader 4 and MetaTrader 5, as well as proprietary developments such as ThinkTrader and ThinkCopy.
Analytics
| Broker | IFC Markets | ThinkMarkets |
|---|---|---|
| Rating | 4.5/5 | 4.5/5 |
IFC Markets
IFCM provides a comprehensive analytical toolkit but lacks automated updates for economic news and some tools for self-analysis.
ThinkMarkets
ThinkMarkets provides high-quality analytical tools, making trading informative and productive.
Pros
- Extensive set of market analysis tools.
- Availability of Traders' Gym for strategy testing.
- Daily trading signals and market news.
Cons
- Some tools are only available for certain types of accounts.
Education
| Broker | IFC Markets | ThinkMarkets |
|---|---|---|
| Rating | 5/5 | 4.7/5 |
IFC Markets
The wealth and quality of educational resources presented by IFCM set the broker apart from competitors.
ThinkMarkets
ThinkMarkets offers high-quality educational materials covering a wide range of topics.
Pros
- Wide range of topics in articles.
- Webinars from experts.
- Materials for traders of all levels.
Cons
- Lack of video tutorials.
Customer Support
| Broker | IFC Markets | ThinkMarkets |
|---|---|---|
| Rating | 4.5/5 | 5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Skype
Telegram
Whatsapp
Messenger
Facebook
Instagram
Twitter
LinkedIn
YouTubeIFC Markets
Customers highly rate the technical support of IFC Markets for its rapid and professional service, though it is unavailable 24/7.
ThinkMarkets
ThinkMarkets offers a wide range of communication channels with support, including phone numbers in different countries, email, and online chat. Additionally, support is available 24/7, ensuring prompt assistance at any time of the day.
