ThinkMarkets
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Vs.

IG
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79% of retail CFD accounts lose money.

ThinkMarkets Vs. IG - Compare and Choose the Right One

Updated May 13 2022

Visit

Your Capital is at risk.

Visit

79% of retail CFD accounts lose money.

Overview

ThinkMarkets is a global broker headquartered in Australia that offers real stocks and ETFs along with CFDs on stocks, etfs, commodities, indices and cryptocurrencies accompanied by their proprietary platform: ThinkTrader.

IG is a global broker established in 1974 that holds 10 reputable financial licenses and provides CFD trading on stocks, commodities, ETFs, indices, cryptocurrencies, bonds, futures, options along with real stocks through their share dealing account.

Best For
  • Passive investors looking to buy, hold or transfer real shares or ETFs from ASX
  • Active traders looking to exploit their low spreads on CFDs
  • MetaTrader 4 & 5 traders looking for a convenient offering
  • Professional traders looking to exploit their customisable platform and broad asset offering
  • High volume traders that can offset their commission costs by trading in larger volumes
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

2

Other Licenses

2

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

7

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • FCA (UK)
  • ASIC (Australia)
  • FSAS (Seychelles)
  • FSCA (South Africa)
  • ASIC (Australia)
  • FCA (UK)
  • NFA (United States)
  • ADGM (United Arab Emirates)
  • FINMA (Switzerland)
  • MAS (Singapore)
  • FFAJ (Japan)
  • FSCA (South Africa)
The Good
  • Possibility to invest in real stocks and ETFs or trade CFDs
  • Proprietary platform ThinkTrader is smooth and user friendly
  • Spreads are very competitive when compared to similar competitors
  • Broad platform offering with high customisability and integrated news feeds
  • Comprehensive asset offering with more than 10,000 + CFDs or real stocks and ETFs
The Bad
  • Real stocks or ETFs are only from ASX (Australian Securities Exchange)
  • Expensive stock trading commissions ($8 flat fee for ASX shares or ETFs)
  • While their stock and ETFs offering is great, they lack variety in all other asset classes
  • There are too many small costs such as custody, in-and-out-commissions in some cases, management fees, etc
  • Their standard contracts can be too large some times for low volume traders
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

Key Data
⌛ Account Opening Time
1 Day 1 Day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

📍 Year Founded
2010 1974
💳 Minimum Deposit

0 for Standard Account / $500 for Zero account

0 for Bank Transfers, 300 € for Paypal and Debit / Credit cards.

💰 Payment Methods
  • Visa
  • Mastercard
  • Neteller
  • Skrill
  • Bank Transfer
  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Tether (USDT)
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
💵 Account Base Currencies
6 - EUR, AUD, CHF, GBP, JPY, USD. 6 - AUD, EUR, GBP, HKD, SGD, USD.
🗽 Available to U.S Citizens
No Yes (excluding CFDs)
❌ Restricted Countries
US, CA, SY, IR. SY, IR.
📊 STP Account
No No
📊 DMA Account
Yes Yes
📊 ECN Account
No Yes
Assets
📚 Available Assets
  • Real stocks and ETFs from ASX.
  • CFDs on stocks, ETFs, indices, commodities and cryptocurrencies.
  • Real stocks and ETFs
  • CFDs on stocks, ETFs, currencies, commodities, cryptocurrencies indices and bonds.
📙 Stocks
3,100+ real shares (ASX) / 1246 CFDs

10,000+ CFDs / Offering from 8 exchanges worldwide for real stocks

📘 Currency Pairs
47 210
📗 Commodities
11 37
📕 Indices
27 76
📔 ETFs
103 2,000 + both CFDs and real ETFs
💸 Cryptocurrencies
21 15
📒 Bonds
N/A 19
📓 Options
N/A Availability only for select countries.
📗 Futures
N/A

Several contracts in commodities and indices with various expiration dates.

📝 Notes:

ThinkMarkets offers both real stocks & ETFs along with CFDs on several asset classes.

IG provides both CFD trading and real equity. US traders cannot trade CFDs.

Trading Experience
📈 Minimum Stock Trade Size
Fractional share trading - From 0.1 Shares 1 Share
📉 Minimum ETFs Trade Size
Fractional ETF trading - From 0.1 ETFs 1 ETF
📈 Minimum Crypto Trade Size
Varies per cryptocurrency (eg: from 0.01 units of BTC)

0.01 Contracts (IG Provides a standard contract containing a particular quantity of an asset, for example, ADA’s contract has 100 ADA coins)

📉 Minimum FX Trade Size
$1,000 (0.01 Lots)

1 Contract (IG Provides a standard contract containing a particular quantity of an asset, for example, 1 EUR / USD standard contract has 10,000 units)

📈 Minimum Commodities Trade Size
Varies per commodity (eg: 1 ounce of Gold) 1 Contract
📉 Minimum Bonds Trade Size
N/A 1 Contract
📈 Minimum Futures Trade Size
N/A 1 Contract
📉 Minimum Options Trade Size
N/A Varies per option (usually 1 contract)
💪 Retail Leverage
Up to 1:30 Up to 1:30
💪 Professional Leverage
Up to 1:500 Up to 1:500
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
Yes No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
Yes No
💻 Web trader
Only for MT4 and MT5. Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes (Only for Standard Account) Yes
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes No
👫 Social Trading
Yes No
🔑 Guaranteed Stop-loss
No Yes
🔨 Trailing Stop-loss
No Yes
Fees
💰 Inactivity Fee
No

After 24 months of inactivity, IG charges an $18 monthly fee.

💰 Deposit Fees
No No
💰 Withdrawal Fees
No No
💰 Commissions
  • For Standard account there are no commissions
  • For Zero account there is a commission of $3.5 per lot round turn

For real stocks and ETFs investing, there is a flat fee of $8 per trade (in-and-out) or if the trade value is above $200,000 then a 0.05% fee per trade.

Yes, they charge depending on the client’s account base currency and exchange location of the shares being traded. For example, for some clients US shares can have a minimum charge of $10 in-and-out.

Spreads
📈 EUR/USD
From 0.4 Pips to 1 Pip Dynamic - From 0.9 Pips
📉 SP500
From 40 Pips Dynamic - From 150 Pips
📈 GOLD
From 20 Pips Dynamic - From 50 Pips
📉 TSLA (Stock CFD)
From 20 Pips Dynamic - From $1.03
📈 XLK (ETF - CFD)
Dynamic - From $0.01 Dynamic - From 0 Pips
📉 BTC
Dynamic - From $30 Dynamic - From $140
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes Yes
📜 Integrated Newsfeed
Yes Yes
📡 Reuters Feed
No Yes

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