Interactive Brokers vs. ThinkMarkets Comparison

This contrast overview helps individuals that struggle to choose in between Interactive Brokers and ThinkMarkets to locate the best online broker for their trading and financial investment demands. It examines the main features of the two brokers side by side to aid individuals compare their service and make a notified choice.

To aid individuals choose the right broker in between Interactive Brokers and ThinkMarkets to discover the best-suited platform, listed below is a list of broker’s advantages and disadvantages, adhered to by a comparison of their primary trading functions, including trading systems & devices, charges, mobile trading, down payment & withdrawal, possessions, law, and client assistance.

Interactive Brokers vs. ThinkMarkets: Summary

Interactive Brokers

Interactive Brokers is a highly trusted global broker with a well-rounded offer of tradable markets, great educational content and sophisticated order type configuration. It is a high trusted and well capitalize company with an industry leading trading platform, a competitive fee structure and great global market access. Their low entry level and the Global Trader platform, which is intuitive and easy to use trading station, make this broker s great choice for beginners and advanced forex traders.

Professional and seasoned traders will appreciate the great selection of advanced trading tools and order type configurations available on their proprietary Trader Workstation desktop platform (TWS).

Think-Markets-logo

ThinkMarkets is an online forex and CFD broker founded in 2010. It is regulated by 5 tier-one regulators, including the FCA, ASIC and MiFID. Users can trade on 3,500 financial instruments, including forex and CFDs on stocks, precious metals, indices, commodities, and cryptocurrencies. Their trading platforms include a proprietary platform (ThinkTrader), MetaTrader 4, and MetaTrader 5.

ThinkMarkets trading fees are average compared to other similar brokers from the industry. They charge 0% commission on stocks and CFDs and spreads from 0.4 pips (EUR/USD). ThinkMarkets also charges inactivity fees of $25/month.

ThinkMarket’s customer support is available through email (support@thinkmarkets.com), phone (+357 252 62149), and live chat in Arabic and English.

Pros

  • Low minimum deposit ($0)
  • Industry lowest overall fees
  • Professional trading platform suitable for different types of traders
  • Intuitive and easy to use mobile trading app
  • Compatible features for casual and professional traders
  • Responsive customer support

Cons

  • Few deposit and withdrawal options
  • Research and education materials missing

Pros

  • Low minimum deposit ($0)
  • Commission-free stock and CFD trading and $0,25 futures contracts
  • MT4 and MT5 integration
  • Wide range of educational materials
  • Islamic swap-free, and zero spread accounts

Cons

  • Spreads on forex are relatively high compared to other brokers
  • Inactivity fees

Key features

  • Margin loan rates on stocks of 1.3%
  • Access to 135+ global markets
  • Advanced order types, tools and features
  • Access to frictional shares
  • Lowest commissions in the industry

Key features

  • Commission-free stock and CFD trading (3,500+ assets)
  • Compatible with the full MetaTrader suite (4 & 5)
  • Regulated by multiple bodies (FCA, ASIC, FSCA, FSA, CySEC, and JFSA)
  • Wide range of educational resources available
  • Free VPS Server access

Interactive Brokers vs. ThinkMarkets Comparison

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Interactive Brokers

Interactive Brokers

Open account Read review

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

Think-Markets-logo

ThinkMarkets

BROKER COMPARISON

Interactive Brokers
Think-Markets-logo

Overall rating

4,9/5

4,1/5

Overall rating

4,9/5

4,1/5

Trading Platform & Tools

4.9

4.5

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:20 2000:1
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
Mobile Version
Mutual Fund Management
Proprietary Platform
Social/Copy Trading
Trading Alerts
Trading signals
Watchlist
Web Version

Fees

4.9

4.4

See details
Withdrawal Fee 0 0
Deposit Fee 1% 0
Inactivity Fee 0 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0.2 pips + 0.08 to 0.20 bps times trade size comission 1.1
Stocks & ETF $ 0.005 per share 0
CFD (Gold) 0.02% 1.9
Crypto 0.12% to 0.18% of trade value 0
Options 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees Yes on CFD’s

Mobile Trading

5.0

4.5

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.9

3.8

See details
Minimum deposit (in UAE) $0 $0.00
Bank Wire
Credit/Debit Card
Cash
Check YES from US bank account
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.9

3.0

See details
Shares 16.500 0
ETF & Funds 35.000 0
Crypto 4 0
Commodities 1 0
Indices 3052 0
Options 50.000 0
Futures 245 0
Bonds 1.000.000 0
Forex 115 48
CFD Indices & Funds 13 381
CFD Stocks 8.000 3548
CFD Commodities 2 15
CFD Crypto 0 27
CFD Bonds 0 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.8

3.7

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.9

3.9

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Interactive Brokers vs. ThinkMarkets Comparison Conclusion

The results of our contrast of Interactive Brokers vs. ThinkMarkets are wrapped up in the table below.

Broker:Best For:
Interactive BrokersStocks and ETFs
ThinkMarketsForex and CFDs on Stocks

Selecting the appropriate selection between Interactive Brokers and ThinkMarkets can be difficult. Both online brokers have resemblances however differ relating to trading instruments, platforms & applications, regulation, down payment & withdrawals, and study and education. Picking the very best broker relies on customers’ trading & financial investment goals, individual choices, and experience level.

To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.

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