IC Markets vs ThinkMarkets: which broker is better in 2026?
We compare IC Markets and ThinkMarkets — two forex & CFD brokers — side by side across regulation, fees, platforms, minimum deposit, and our editorial scores. Based on our overall editorial score, IC Markets edges ahead (4.1/5), but the right choice depends on what matters most to you — check the breakdown below.
Side-by-side comparison
CriteriaIC MarketsThinkMarkets
Overall score 4.1 3.8
Regulation & safety 3.5 3.5
Fees & deposit 4.5 4.0
Platform & assets 4.5 4.0
User support 4.0 3.5
Trust score80/10074/100
Minimum depositVaries by account type — check the official siteVaries by account type — check the official site
Demo accountAvailableAvailable
PlatformsMetaTrader 4, MetaTrader 5, cTrader, TradingView, WebTrader, IC Mobile AppThinkTrader, MetaTrader 4, MetaTrader 5
Fee modelSeveral account types (Raw Spread, Standard, Raw Pro/Pro+, cTrader Raw Spread, Swap Free) — the fee structure per account type has not been verified in detailThinkZero (raw) or Standard account; competitive
Pros & cons
- One of the most popular raw-spread ECN brokers for scalping/algo trading (very low costs)
- Very complete platform selection (MT4/MT5/cTrader/TradingView)
- Regulated by ASIC (Australia) + CySEC for certain entities
- A class-action record (reported since 2024) alleging it misled investors — no verdict yet, but a relevant public fact
- Many clients via offshore entities (Seychelles/Bahamas)
- Leverage is high-risk
- FCA/ASIC/CySEC regulation + its own ThinkTrader platform
- Competitive spreads (ThinkZero raw account)
- MT4/MT5 available
- Smaller brand than tier-1 giants
- Entity availability differs per region
- Leverage is high-risk
Regulation at a glance
IC Markets
Exact license numbers not yet verified — the official site mentions multi-regulation but the detailed regulation page was inaccessible during our check. Verify directly with the regulator (ASIC, CySEC, or the Seychelles FSA depending on the entity) before signing up.
ThinkMarkets
Regulated by the FCA (UK), ASIC (Australia), CySEC (Cyprus), FSCA (South Africa), FSA (Japan for the related entity). Has its own ThinkTrader platform.