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Head to head

ITBFX vs ThinkMarkets

ITBFX has no licence we could confirm on a regulator's register. ThinkMarkets is licensed by FCA in the United Kingdom; CySEC in the European Union; ASIC in Australia; DFSA in Dubai (DIFC), UAE and FSCA in South Africa, and also has an offshore registration. The licence that applies to you depends on where you live, so check which company you would contract with before comparing anything else.

Minimum deposits start at $10 at ITBFX and $10 at ThinkMarkets (the Standard account needs $50). Neither offers negative balance protection. Both offer segregated client money.

Facts last checked: ITBFX on 29 October 2026, ThinkMarkets on 20 October 2026.

ITBFX profileThinkMarkets profile
Broker 1
Broker 2
Broker 3

Monthly cost uses the account chosen in each slot: cost per lot × your lots. Swap and other fees are extra. The lowest monthly cost is highlighted only as a fact about cost, not as a recommendation.

Broker
ITBFXRead the profile
ThinkMarketsStrictly regulatedRead the profile
Comparing
ITBFX
ThinkMarketsStandard account · United Kingdom

Overview

Founded
2017
2010
Headquarters
Rodney Bay, Gros-Islet, Saint Lucia
Not yet checked
Official websites
  • itbfx.com
  • itbfx.net
  • thinkmarkets.com
Facts last checked
29 October 2026
20 October 2026

Regulation and protection

Company you would contract with
No licence listed
TF Global Markets (UK) Limited
Regulator
No licence listed
FCA
United Kingdom
Regulation level
No licence listed
Strictly regulated
Licence number
No licence listed
629628
Check the register
Clients this company serves
No licence listed
UK residents
All licences held
None listed
  • FCA (United Kingdom)
  • CySEC (European Union)
  • ASIC (Australia)
  • DFSA (Dubai (DIFC), UAE)
  • FSCA (South Africa)
  • FSA Seychelles (Seychelles)
Segregated client money
Yes
Yes
Negative balance protection
No
No
Compensation scheme
None
FSCS up to £85,000 (UK); ICF up to €20,000 (Cyprus); none for the Seychelles company

Costs

Your monthly cost
No accounts listed
$110$11 per lot × 10 lots
Cost per lot (EUR/USD)
No accounts listed
$11
Spread from
No accounts listed
0.4 pips
Typical EUR/USD spread
No accounts listed
1.1 pips
Commission per lot (round turn)
No accounts listed
None
Typical GBP/USD spread
Not yet checked
1.3 pips
Typical USD/JPY spread
Not yet checked
1.4 pips
Typical XAU/USD spread
Not yet checked
Not yet checked
Swap-free account
Yes
Yes

Leverage and margin

Maximum retail leverage
Up to 1:500 (ECN account)
1:30 on major pairs (UK, EU, Australia); up to 500:1 (2500:1 on ThinkTrader) at the Seychelles company
Retail leverage by asset class
  • Forex and metals (Nano): 1:200
  • Forex, metals, indices and crypto (Standard): 1:400
  • Gold and silver (Gold): 1:400
  • Forex, metals, indices, crypto and shares (ECN): 1:500
  • Cryptocurrencies (Crypto): 1:10 to 1:50
  • Shares (Stock): 1:10
  • Major currency pairs (UK: 1:30
  • Currency pairs: up to 500:1
  • ThinkTrader account (Seychelles company): up to 2500:1
Margin call level
Not yet checked
Not yet checked
Stop-out level
15% Gold; 20% Nano and Standard; 30% ECN; 40% Crypto and Stock
50% (forced liquidation level)

Account

Minimum deposit (this account)
No accounts listed
$50
Base currencies
No accounts listed
USD, USDt, AUD, GBP, EUR, SGD, CHF
Execution
No accounts listed
Spread only, no commission (MT4, MT5)

Platforms and features

Platforms
  • MetaTrader 5
  • ThinkTrader
  • MetaTrader 4
  • MetaTrader 5
  • TradingView
Markets
CFDs on forex, gold and silver, indices, energies, shares and cryptocurrencies
Forex, commodities, indices, crypto, stocks, ETFs and futures CFDs (up to 4,000 instruments on ThinkTrader)
Demo account
Yes
Yes
Copy trading
Not yet checked
Not yet checked
Expert advisors (automated trading)
Yes
Yes
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Not yet checked

Deposits and withdrawals

Deposit methods
  • Cryptocurrency
  • Local currency exchange services
  • Bank wire
  • Visa
  • Mastercard
  • Apple Pay
  • Google Pay
  • Neteller
  • Crypto
Withdrawal fee
None charged by ITBFX, says its FAQ; the agreement allows a 3% charge, or a refund of deposit fees, if you withdraw without trading
No fee on any funding method (international site)
Inactivity fee
Up to US$5 a month per account after six months without trading
Not yet checked

Support

Customer support
24/7 by live chat, phone, WhatsApp, Telegram, email and ticket, in Persian, English, Arabic and other languages
Not yet checked

Our notes

Strengths
  • Six account types on MetaTrader 5, with a demo version of each
  • The Nano account opens from $10 and trades in steps of 0.001 lots
  • Swap-free (Islamic) option on request
  • The client agreement says client money is held in segregated accounts
  • Licensed by the FCA, CySEC and ASIC, with client money in segregated accounts
  • Publishes target (typical) spreads for the Standard account, such as 1.1 pips on EUR/USD
  • No deposit or withdrawal fees on the international site's funding methods
Watch out for
  • Says it is regulated by the Mwali International Services Authority (MISA) but publishes no licence number; we could not confirm a licence on MISA's register on 2026-10-29 (the register sits behind a bot check).
  • The BVI Financial Services Commission's Public Statement 2 of 2020 says www.itbfx.com circulated a forged BVI investment business licence and has never been licensed in or from the BVI.
  • No negative balance protection: the account risk warnings say losses can exceed your deposit, and the agreement makes you pay any shortfall within two working days.
  • The website names International Trading Brachium Ltd (Saint Lucia), while the client agreement names ITB Limited (Seychelles); neither is a licensed firm on any register we checked.
  • International clients join TF Global Markets Int Limited in the Seychelles (offshore tier), where leverage goes up to 2500:1 on ThinkTrader and losses can exceed deposits
  • ThinkMarkets also says it is licensed by CIMA, an FSC, an FMA and (on its South African company) FSCA FSP 49835, without naming every company; we could not confirm these on 2026-10-20. Its FSCA OTC derivative provider approval is confirmed.
  • The ThinkZero minimum deposit is shown as $100 on the account types page and $500 on the ThinkZero page; ask before you fund.

Risk warnings

The buttons to a broker’s website above the table are partner links: we may earn a commission if you open an account through them. That never changes the facts shown here. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Each broker’s own warning:

  • ITBFX: Before trading, you should ensure that you’ve undergone sufficient preparation and fully understand the risks involved in margin trading.
  • ThinkMarkets: Derivative products are leveraged products and can result in losses that exceed initial deposits. Please ensure you fully understand the risks and take care to manage your exposure and seek independent advice if necessary.

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Other head-to-head pages

Cost per lot is the typical EUR/USD spread in busy hours × $10, plus any round-turn commission, for one standard lot. “Not yet checked” means we have not confirmed that fact yet. This page compares facts; it does not rank the brokers or recommend either. Confirm costs and licences on each broker’s site and the regulator’s public register before opening an account: see how we review brokers and check a broker yourself.

Nothing on this page is financial advice. Read the full disclaimer.

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