AAAFx vs. ThinkMarkets Broker Comparison

AAAFx vs. ThinkMarkets Broker Comparison

AAAFx versus ThinkMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT4, ZTP55+HCMC
NoneMT4, MT5, Trade Interceptor1000+FCA, ASIC, FSCA

AAAFx and ThinkMarkets Comparison

AAAFx and ThinkMarkets each offer trading with low spreads plus a commission charge on MT4. ThinkMarkets additionally offers MT5. However ThinkMarkets has a 'Standard' account which does not charge commissions, and has competitive variable spreads. ThinkMarkets also has spread betting accounts on MT4 and MT5 in the UK.

Both brokers offer user friendly web traders in the shape of ZTP at AAAFx and Trade Interceptor at ThinkMarkets. Traders can use robots (automated trading strategies) on MT4, MT5 and ZTP.

AAAFx is regulated by the HCMC in Greece and ThinkMarkets is regulated by the FCA in the United Kingdom and the ASIC in Australia and is licensed by the FSCA in South Africa.

Quick comparison

Both offer trading on MT4, though ThinkMarkets requires a higher minimum deposit for this (but has a lower minimum deposit overall). Each has web traders. ThinkMarkets additionally provides MT5. 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.

  • For deposits higher than $100,000, AAAFx offers Institutional accounts.
  • 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, T&Cs apply. The ThinkZero account also offers AutoChartist and an account manager. ThinkMarkets offers Market News, Webinars, an Economic Calendar and Tutorials on its website.

Markets

  • AAAFx offers 55+ covering Forex, Metals, Commodities, Indices, Cryptocurrencies and Bonds.
  • ThinkMarkets offers 1000+ covering Forex, Metals, Commodities, Indices, Cryptocurrencies, Soft Commodities and Stocks.

Cryptocurrency CFDs

  • AAAFx provides Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple.
  • ThinkMarkets offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple.

Spreads and leverage

Both brokers can offer low Forex spreads plus a commission charge. ThinkMarkets can additionally provide Forex spreads from 0.4 without a commission charge.

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.

Online trading 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 MT4, MT5 and Trade Interceptor. These platforms are available for desktop, tablet and mobile.

Why AAAFx or ThinkMarkets

Traders who want to trade on MetaTrader 4 (MT4) may do so at either broker. Those who want to trade on MetaTrader 5 (MT5), the successor to MT4 may do so at ThinkMarkets. As well as CFD trading, in the UK ThinkMarkets offers MT4 and MT5 spread betting. Traders who want to social and copy trade may do so at AAAFx which closely integrates with ZuluTrade. Traders who want to use EAs (MetaTrader robots) can do so at either broker. Traders can also run robots on ZTP, AAAFx's web trader, while ThinkMarkets offers a user friendly platform for non-robot traders called Trade Interceptor.

Comparison summary

  • Both brokers provide CFD trading
  • In the UK, ThinkMarkets additionally provides MT4 and MT5 spread betting
  • Both offer MT4
  • ThinkMarkets additionally provides MT5
  • Both offer web traders
  • Each supports automated trading with robots
  • AAAFx supports social and copy trading via ZuluTrade

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