24Option vs ThinkMarkets - Online Brokerage Comparison

24Option vs ThinkMarkets | Compare Trading Brokers

24Option vs ThinkMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$250MT4, Web Trader & Apps130+CySEC, IFSC
NoneMT4, Trade Interceptor200+FCA, ASIC

24Option vs ThinkMarkets Comparison

ThinkMarkets has no minimum deposit for its Standard account, but has a minimum deposit of $500 for its ThinkZero account (i.e. 24Option has a minimum deposit between the Standard and ThinkZero accounts - $250, as may be seen in the comparison table above). The ThinkZero account can offer Forex spreads from 0, for the most liquid pairs, plus a commission charge. ThinkMarkets has no dealing desk order intervention and uses Equinix data centers, which helps ensure high speed order processing. Their trading servers are located in data centers with the servers of liquidity providers, this physical proximity allied with fibre optical cabling and other technology helps deliver low latency - delay - processing. For some approaches to trading, particularly automated trading strategies, low latency can be important. ThinkMarkets offers MT4, thus allowing the trader to trade with automated and non-automated strategies.

24Option also provides MT4 and in addition offers a user friendly web trading platform and apps. ThinkMarkets however also offers a user friendly platform for the human trader, in the form of Trade Interceptor. While both brokers provide CFD trading on their platforms, in the UK ThinkMarkets also offers MT4 spread betting. In both CFD trading and spread betting, the trader can trade a market without owning it. 24Option is regulated by the CySEC in Cyprus and the IFSC in Belize. ThinkMarkets is regulated by the FCA in the United Kingdom and the ASIC in Australia.

Quick comparison

Both brokers offer MT4 and provide user friendly web traders. ThinkMarkets has no minimum deposit for its Standard account.

Minimum deposit and key account features

The minimum deposit for 24Option is $/€/£250. There is no minimum deposit for ThinkMarkets.

  • 24Option offers an Economic Calendar, Market Reports, Analysis and Videos on its website and Trading Central.
  • ThinkMarkets offers both CFD trading and spread betting. It offers the Standard account and the ThinkZero account. An Islamic account is available. ThinkMarkets utilises Equinix data centers for all account types, namely LD4 (London) and HK4 (Hong Kong). There is no minimum deposit for the Standard account. The minimum deposit for the ThinkZero account is $/£500. The Standard account does not charge commissions, ThinkZero account does charge a commission. EAs and scalping are allowed. the minimum trade size is 0.01 standard lots.
  • ThinkMarkets account types provide 24/6 Live Support and a Free VPS Service. The ThinkZero account also provides Autochartist and an account manager.

Markets

  • 24Option offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, with 130+ available.
  • ThinkMarkets provides Forex, Indices, Energy, Metals, Cryptocurrencies and Stocks, with 200+ available.

Cryptocurrency CFDs

  • 24Option offers Bitcoin, Ethereum, Litecoin, Ripple and DASH.
  • ThinkMarkets offers Bitcoin, Ethereum, Litecoin, Ripple, DASH, Bitcoin Cash, OmiseGO, Bitcoin Gold, Monero, ETP, IOTA, NEO and Zcash.

Leverage

Maximum leverage for 24Option (CySEC regulated) is . Maximum leverage for ThinkMarkets (FCA regulated) is 500:1.

Online trading platforms

Both offer MT4 and web traders and apps.

Why 24Option or ThinkMarkets ?

Traders who wish to use MT4 can find this platform at either broker. Automated traders may find ThinkMarkets's no dealing desk intervention and low latency order processing to be important for strategies they may use. Traders who make their own trading decisions can use ThinkMarkets's user friendly web trader (Trade Interceptor). 24Option also provides MT4 and a user friendly web trader where traders can find a range of CFD market to trade.

Comparison summary

  • Both offer CFD trading
  • Each provides MT4
  • In the UK, ThinkMarkets offers MT4 spread betting
  • Both provide web traders and apps
  • ThinkMarkets has no minimum deposit for its Standard account

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