Compare ThinkMarkets Vs IG: Which is the Better Forex Broker in 2024?
ThinkMarkets Vs IG, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between ThinkMarkets Vs IG, here is the direct comparison:
Feature | ThinkMarkets | IG |
General Rating |
2.87/5 |
2.40/5 |
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Score | 73 | 65 | |
Trustpilot |
4.3/5 79 users |
4.1/5 6721 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 2010 | 1974 | |
💲 Min Deposit | $0 | $0 | |
⚖ Max Leverage | 1:500 | 1:50 | |
🔢 Spread | Variable | Variable | |
💸 Commissions | $3.50 | $3 | |
💡 Min Position | 0.01 lot | 0.01 lot |
💳 Payment | Crypto, BPAY, Credit/debit cards, Ethereum, Neteller, PayPal, Skrill, Tether (USDT), Wire transfer and Perfect money | Wire transfer and Credit/debit cards | |
🏢 Office(s) |
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🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
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🗣 Website Languages | Arabic, Chinese, Czech, English, German, Greek, Indonesian, Italian, Malay, Polish, Portuguese, Spanish, Thai, Vietnamese | German, English, Spanish, French, Italian, Japanese, Portuguese, Swedish, Chinese |
🚪 Trade Now | Open ThinkMarkets | Open IG |
Testimonials
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ThinkMarkets: I've been trading there for the last six months. A...
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ThinkMarkets: Very high and frequent slippage at us30 and nas100, us30...
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ThinkMarkets: I've trade with Thinkmarkets for a year now. So far...
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ThinkMarkets: Thank you my friend recommend me ThinkMarkets. Their customer service...
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ThinkMarkets: No negative experience with Thinkmarkets. Funding process are easy, the...
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ThinkMarkets: I've been trading there for the last six months. A...
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ThinkMarkets: Very high and frequent slippage at us30 and nas100, us30...
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ThinkMarkets: I've trade with Thinkmarkets for a year now. So far...
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ThinkMarkets: Thank you my friend recommend me ThinkMarkets. Their customer service...
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ThinkMarkets: No negative experience with Thinkmarkets. Funding process are easy, the...
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IG: Dreadful customer support. The app is brilliant but suffers with...
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IG: IG apps sometimes unresponsive which result me cost more money....
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IG: I wanted to trade Forex on the MT4 platform, but...
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IG: I do not recommend using IG and moved to another...
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IG: Overall my experience with IG was positive. The only issue...
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ThinkMarkets: I've been trading there for the last six months. A...
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See More ThinkMarkets Testimonials
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See More IG Testimonials
News
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Global Contests Launched! Win Big with LiteFinance
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IG Group Loses CFO and COO as Q3 FY24 Revenue Flatlines
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ThinkMarkets Expands Trading Options with NETH25 and SWI20 Indices
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IG Group Welcomes New Chief Operating Officer and Chief Risk Officer
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ThinkMarkets Expands Trading Options with Spread Betting on ThinkTrader
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IG Group's Head of Marketing Partnerships Aneira Henery-Morley Resigns
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ThinkMarkets Now Licensed to Serve MENA Traders with DFSA Approval
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IG Forex Broker Secures Naming Rights for Nagoya's 17,000-Seat Arena
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IG Asia's CEO Tony Lim Bids Farewell After 9 Years
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IG Group Forex Broker Welcomes Breon Corcoran as New CEO
Articles
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- Comparison List
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, ThinkMarkets provides their pricing with Variable spread while IG offers Variable spread.
ThinkMarkets vs IG: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, ThinkMarkets enables trading with MetaTrader 4, MetaTrader 5, ThinkTrader, Social trading, Web. The offer is supported with One-click trading, Pending orders. In comparison, IG provides trading with MetaTrader 4 (Limited with 14 days), PureDeal (Limited with 14 days), L2 Dealer (Limited with 14 days) with the support of One-click trading, Trailing stop, Pending orders.
Is ThinkMarkets or IG better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, ThinkMarkets supports trading with Forex, Gold & silver, Stock CFD, Indexes, Crypto, Oil, while IG presents the ability of trading with Forex, Gold & silver, CFD, Oil, Spread betting, Crypto.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
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