IronFX vs. ThinkMarkets Comparison

This comparison guide assists users that have a hard time to select between IronFX and ThinkMarkets to locate the best online broker for their trading and financial investment requirements. It assesses the highlights of the two brokers side by side to help individuals contrast their solution and make a notified choice.

To assist customers pick the best broker in between IronFX and ThinkMarkets to discover the best-suited system, below is a listing of broker’s advantages and disadvantages, adhered to by a contrast of their major trading attributes, including trading platforms & tools, costs, mobile trading, deposit & withdrawal, assets, policy, and customer assistance.

IronFX vs. ThinkMarkets: Summary

Iron-fx-logo

IronFX is a forex and CFD broker founded in 2010. Therefore, it is regulated by two tier-one financial authorities (CySec and ASIC) and is considered safe. The broker provides users access to 80 forex pairs and over 300 CFDs on forex, spot metals, and futures. The broker allows trading with up to 1:300 leverage and offers a free demo account for beginner traders.

IronFX fees are below average compared to similar brokers from the industry. They charge low spreads from 0.1 pips (EUR/USD). Additionally, the broker charges 3% inactivity fees after 90 consecutive days of inactivity on any account.

IronFX’s customer support is available through email (support@IronFX.com) and live chat in English and Arabic.

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 ($100)
  • Competitive forex spreads from 0.8 pips (EUR/USD)
  • Wide range of platforms and plugins (MetaTrader 4, AutoChartist, and Trading Central)
  • Great research and education materials
  • 7 Different account types

Cons

  • Algorithmic trading is only available through MetaTrader 4
  • High inactivity fees (3% of account balance after 90 days)

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

  • Access to over 80 forex pairs and 300 CFDs
  • Compatible with MT4 and Trading Central
  • Excellent Copy Trading features
  • Advanced charting and analysis tools
  • Welcome bonuses for new users
  • Commission-free CFD trading and low floating spreads from 0,0 pips

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

IronFX vs. ThinkMarkets Comparison

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BROKER COMPARISON

Iron-fx-logo
Think-Markets-logo

Overall rating

3,7/5

4,1/5

Overall rating

3,7/5

4,1/5

Trading Platform & Tools

3.5

4.5

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1000:1 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

3.6

4.4

See details
Withdrawal Fee 0 0
Deposit Fee 0 0
Inactivity Fee 3% on withdrawal if you have not entered a trade after deposit 0
Cost Per Trade 0 0
Cost Per Month 0 0
Forex (EUR/USD) 0.7 1.1
Stocks & ETF 0 0
CFD (Gold) 0.6 1.9
Crypto 0 0
Options 0 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees

Mobile Trading

3.9

4.5

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

3.5

3.8

See details
Minimum deposit (in UAE) $100.00 $0.00
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

2.7

3.0

See details
Shares 0 0
ETF & Funds 0 0
Crypto 0 0
Commodities 0 0
Indices 0 0
Options 0 0
Futures 27 0
Bonds 0 0
Forex 84 48
CFD Indices & Funds 21 381
CFD Stocks 150 3548
CFD Commodities 16 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

2.8

3.7

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

Customer Support

4.3

3.9

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

Winner

IronFX vs. ThinkMarkets Comparison Conclusion

The outcomes of our contrast of IronFX vs. ThinkMarkets are wrapped up in the table below.

Broker:Best For:
IronFXForex and CFD Trading & Social Copy Trading
ThinkMarketsForex and CFDs on Stocks

Picking the appropriate option between IronFX and ThinkMarkets can be difficult. Both online brokers have similarities but vary pertaining to trading tools, platforms & apps, regulation, down payment & withdrawals, and research study and education. Choosing the best broker depends on users’ trading & financial investment objectives, private preferences, 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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