AAAFx vs. ThinkMarkets Broker Comparison

AAAFx vs. ThinkMarkets Broker Comparison

AAAFx versus ThinkMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT4, ZTP55+HCMC
NoneMT4, Trade Interceptor200+FCA, ASIC

AAAFx and ThinkMarkets Comparison

AAAFx and ThinkMarkets each offer trading with low spreads plus a commission charge on Forex and Metals on MT4. AAAFx charges commissions for CFDs as well. However ThinkMarkets has a 'Standard' account which does not charge commissions, and has competitive variable spreads, on Trade Interceptor. It also has a spread betting account on MT4 in the UK. Both offer a range of Cryptocurrency CFDs. AAAFx is regulated by the HCMC in Greece and ThinkMarkets is regulated by the FCA in the United Kingdom and the ASIC in Australia.

Quick comparison

Both offer ECN trading on MT4, though ThinkMarkets requires a higher minimum deposit for this. Each has web traders. ThinkMarkets offers more markets to trade.

Minimum deposit and account types

The minimum deposit for AAAFx is $300 or €250 or £200 or ¥35,000 or AU$370. ThinkMarkets does not have a minimum deposit, except for its ThinkZero account which a minimum deposit of $500.

  • ThinkMarkets offers both CFD trading and spread betting. It offers the Standard account and the ThinkZero account. An Islamic account is available. 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.
  • ThinkMarkets account types provide 24/6 Live Support and a Free VPS Service. The ThinkZero account also provides Autochartist and an account manager.
  • For deposits higher than $100,000, AAAFx offers Institutional accounts.

Markets

  • AAAFx offers 55+ covering Forex, Metals, Commodities, Indices, Cryptocurrencies and Bonds.
  • ThinkMarkets offers 200+ covering Forex, Metals, Commodities, Indices, Cryptocurrencies and Shares.

Cryptocurrency CFDs

  • AAAFx provides Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple.
  • For CFD trading, ThinkMarkets offers Bitcoin, Ethereum, Bitcoin Cash, Ripple, Dash, Neo and Bitcoin Gold.
  • For spread betting, ThinkMarkets offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Dash, Neo, Monero, ETP, Iota, OmiseGO, and Zcash.

Spreads and leverage

  • Spreads at AAAFx are variable and start from 0.2 for EUR/USD, 1 for UK100, 0.34 for Gold and 0.05 for US Oil. These spreads come with a commission charge.
  • Spreads on ThinkMarkets can vary with account type and types of trading and are variable. Spread betting Standard spreads are from 0.8 for EUR/USD, with a target spread from 1 for UK100 and with an average spread of 0.20 for Gold and 0.04 for US Crude Oil.
  • ThinkMarkets CFD Standard spreads are variable and are from 0.4 for EUR/USD, with a target spread from 1 for UK100 and from 0.25 for Gold and 0.03 for US Crude Oil. On the ThinkZero account, Forex spreads can be as low as 0 with commissions of $3.5 per lot per side.

Maximum leverage for AAAFx is . Maximum leverage for ThinkMarkets (FCA regulated) is .

Commissions

  • AAAFx charges a commission of $10 per lot per side for Forex and $8 for CFDs. It is possible to request no commissions trading, with a resulting increase in spreads. The Institutional account charges commissions of $3 per lot per side for transaction where USD is the currency base.
  • ThinkMarkets does not charge a commission on the Standard account, but charges a commission of $3.5 per lot per side for the ThinkZero account for Forex and Metals.

Platforms

AAAFx makes available ZTP and MetaTrader4 (MT4) along with the ZuluTrade platform. All of these platforms allow for trading automation and are available as mobile applications.

ThinkMarkets offers both MT4 and Trade Interceptor. These platforms are available for desktop, tablet and mobile.

Comparison summary

  • Both brokers offer MT4
  • Each additionally has a web trader
  • Both support MT4 automated trading
  • ThinkMarket has more markets
  • ThinkMarkets has no minimum deposit for its Standard account
  • AAAFx has a lower minimum deposit vs ThinkMarkets's ThinkZero account
  • ThinkMarkets does not charge commissions on its Standard account
  • ThinkMArkets does charge Forex and Metals commissions on its ThinkZero account
  • AAAFx charges Forex and Metals commissions

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