AvaTrade vs ThinkMarkets - Compare Trading Brokers

AvaTrade vs ThinkMarkets | Online Brokerage Comparison

AvaTrade vs ThinkMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, MT5, AvaOptions250+CBI, FSC, ASIC, FSCA, FSA & FFAJ
NoneMT4, MT5, Trade Interceptor1000+FCA, ASIC, FSCA

AvaTrade vs ThinkMarkets Comparison

Both of these brokers offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) and allow the use of Expert Advisors (EAs). EAs are automated trading strategies which the trader can use, modify and build. These will execute trades on behalf of the trader, in accordance with the instructions with which they are programmed.

AvaTrade also provides a dedicated FX Options trading platform (AvaOptions). ThinkMarkets also provides Trade Interceptor which is a user friendly platform designed for the trader who executes their own trades.

Both brokers offer spread betting on MetaTrader in the UK as well as CFD trading in the UK and elsewhere.

ThinkMarkets does not have a minimum deposit for its Standard account, but for its ThinkZero account, has a minimum deposit of $500. The ThinkZero account offers trading with potentially low spreads plus a commission charge.

AvaTrade can offer a wider range of markets to trade.

AvaTrade is regulated by the CBI in Ireland, the ASIC in Australia, the FSCA in South Africa, the FSA and the FFAJ in Japan and the FSC in the British Virgin Islands.

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

Each provides MT4 and MT5. Both provide CFD trading and spread betting in the UK and CFD trading elsewhere. ThinkMarkets additionally offers Trade Interceptor, while AvaTrade has FX Options trading on its AvaOptions platform.

Minimum deposit and key account features

The minimum deposit for AvaTrade is $/€/£100. There is no minimum deposit for ThinkMarkets.

  • AvaTrade offers an Economic Calendar on its web site, AutoChartist (for a $500 minimum deposit) and Sharp Trader (which has education and analysis). Additionally AvaTrade allows the trader to use DupliTrade and ZuluTrade, which support copy trading.
  • 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, the 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, T&Cs apply. The ThinkZero account also offers AutoChartist and an account manager. Market News and Webinars are available from the website.

Markets

  • AvaTrade offers spread betting (in the UK), in Forex, Indices, Energy and Metals, with 35+ available.
  • AvaTrade offers CFD trading in Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks, Soft Commodities, ETFs, Options and Bonds, with 200+ available.
  • ThinkMarkets offers CFD trading is Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, with 200+ available.
  • ThinkMarkets offers spread betting (in the UK), in Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, for a total of 130+ markets

Cryptocurrency CFDs

  • AvaTrade offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, EOS, NEO, IOTA, Stellar and Bitcoin Gold.
  • ThinkMarkets offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Leverage

Maximum leverage for AvaTrade (CBI regulated) is . Maximum leverage for ThinkMarkets (FCA regulated) is .

Online trading platforms

AvaTrade offers MT4, MT5 and AvaOptions as well as apps. ThinkMakets offers MT4, MT5 and Trade Interceptor and apps.

Why AvaTrade or ThinkMarkets ?

Traders looking to use Expert Advisors and trade a wide range of strategies, including scalping can do so at either broker. Both offer MT4 and MT5, the successor to MT4. Traders who wish to trade FX Options can do so at AvaTrade on a separate platform (AvaOptions). ThinkMarkets provides a user friendly platform, Trade Interceptor. This platform is designed for the trader who makes their own trading decisions and executes their own trades. MT4 and MT5 can of course be used by non-automated traders as well and have an extensive network behind them. For UK traders, both brokers provide the capacity to spread bet as well as trade CFDs, on MetaTrader. Like CFD trading, spread betting allows the trader to trade a market without owning it.

Comparison summary

  • Both brokers offer CFD trading
  • Each offers MT4 and MT5
  • In the UK, ThinkMarkets and AvaTrade also offers spread betting
  • ThinkMarkets also provides Trade Interceptor
  • ThinkMarkets has no minimum deposit on its Standard account
  • AvaTrade has a wider range of markets to trade

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