Binary.com vs ThinkMarkets - Online Brokerage Comparison

Binary.com vs ThinkMarkets | Compare Trading Brokers

Binary.com vs ThinkMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
NoneMT5, Web Trader, Apps50+MFSA, VFSC
NoneMT5, MT4, Trade Interceptor, Apps1000+FCA, ASIC, FSCA

Binary.com vs ThinkMarkets Comparison

Both of these brokers offer user friendly web traders. Each broker provides MetaTrader 5 (MT5) while ThinkMarkets additionally offers MetaTrader 4 (MT4) (the predecessor to MT5).

Both brokers have no minimum deposit for some accounts (ThinkMarkets for its Standard account and Binary.com for its MT5 accounts). ThinkMarkets has more markets to trade, though Binary.com can offer 24/7 trading.

Binary.com is regulated by a range of bodies including the MFSA in Malta and the VFSC in Vanuatu.

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 brokers offer web traders and MT5 while ThinkMarkets additionally provides MT4.

Minimum deposit and key account features

The minimum deposit to use Binary.com's web trader is $5, but there is no minimum deposit to use MT5. There is no minimum deposit for ThinkMarkets's Standard account.

  • Binary.com offers a range of features on its website including webinars, an Economic Calendar and TradingView. When the trader has opened their account they gain access to the SmartTrader platform and can then open MT5 accounts. These accounts can include a Standard account, an Advanced STP account and a Synthetic Indices account (different accounts can be available in different countries). The minimum trade size is 0.01 lots.
  • 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, the ThinkZero account does charge a commission. EAs and scalping are allowed. The minimum trade size is 0.01 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. ThinkMarkets offers Market News, Webinars, an Economic Calendar and Tutorials on its website.

Markets

  • Binary.com offers trading on MT5 in Forex, Commodities, Indices and Cryptocurrencies, with 50+ available. It also offers 24/7 trading in simulated markets. The markets available can vary in different countries.
  • ThinkMarkets provides Forex, Commodities, Indices, Cryptocurrencies, Cryptocurrencies, Soft Commodities and Stocks, with 1000+ on offer.

Cryptocurrency CFDs

  • Binary.com offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, EOS and Emercoin.
  • ThinkMarkets offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple.

Leverage

Maximum leverage for Binary.com on CFDs on MT5 (MFSA regulated) is . Maximum leverage for Binary.com (VFSC regulated) on CFDs on MT5 is 100:1. Maximum leverage for Binary.com on MT5 Synthetic Indices is 1000:1. Maximum leverage for ThinkMarkets (FCA regulated) is . Maximum leverage for ThinkMarkets (ASIC regulated) is 500:1.

Online trading platforms

Binary.com offers a web trader and MT5. ThinkMarkets provides MT5, MT4 and a web trader (Trade Interceptor). Both offer mobile apps.

Why Binary.com or ThinkMarkets ?

Traders who want to trade on MT4 may do so at ThinkMarkets. Traders who wish to trade on MT5 may do so at Binary.com and ThinkMarkets. ThinkMarkets offers Cryptocurrency CFD trading on MT4, MT5 and Trade Interceptor, though Binary.com allows 24/7 trading of Cryptocurrency CFDs on MT5. While each broker provides CFD trading, in the UK ThinkMarkets offers spread betting, as well as CFD trading. Each broker provides a user friendly web trader, though with different types of markets. Binary.com has 24/7 trading of a range of markets.

Comparison summary

  • Both brokers offer CFD trading
  • In the UK, ThinkMarkets additionally provides spread betting
  • Each broker offers web traders
  • Both brokers offer MT5
  • ThinkMarkets additionally provides MT4
  • Both have no minimum deposit on some accounts
  • Binary.com can offer 24/7 trading

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