Compare eToro vs ThinkMarkets

Compare eToro vs ThinkMarkets

eToro vs ThinkMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200Web Trader & Apps1000+FCA, ASIC, CySEC
NoneTrade Interceptor, MT4200+FCA, ASIC

eToro and ThinkMarkets Comparison

eToro is a Social Trading Network which offers CFD trading. It provides copy trading and social trading, as well as products based on the network. ThinkMarkets offers both Standard and ECN trading, depending on the account. Both are regulated by the FCA in the United Kingdom and the ASIC in Australia. eToro is also regulated by the CySEC in Cyprus.

Quick comparison

eToro has a web trader and apps, supporting a range of trading styles including social and copy trading. ThinkMarkets offers a web trader and apps and MT4 - on MT4 it supports automated trading.

Automated and discretionary trading support

Both of these traders can be seen as supporting discretionary trading, where the trader uses tools and information to make trading decisions. Trade Interceptor (provided by ThinkMarkets) has features which can be seen as supportive to this: it is user friendly, intuitive, has a news feed and charting tools - it fits perhaps into the category of intuitive interfaces.

How might this support discretionary trading ? Because this kind of trading is human centered, and thus an interface which is more attuned to the human, can be seen as providing some kind of relief to the task of trading. However eToro also has such an interface in its web trader and goes further, by supporting human based decision making with social trading tools.

Both of these traders can also be seen as supporting automated trading, but in different ways. eToro provides such support, that is allowing the trader to have decisions taken other by themselves - by providing extensive tools for copy trading, where the trades of other traders are copied into the trader's account.

ThinkMarkets offers support by firstly providing MT4, which has tools for supporting automated trading strategies and then offering ECN accounts and a trading infrastructure using Equinix servers. Why is this important - because this kind of infrastructure helps deliver fast order transmission, which can be important for certain kinds of automated trading.

Minimum deposit and account types

The minimum deposit for eToro is $200. There is no minimum deposit for ThinkMarkets's Standard account.

  • eToro is a Social Trading Network which supports trading, social trading and auto trading by copying other traders (or being copied) and provides products based on this network. The minimum trade size is 0.01 lots.
  • ThinkMarkets offers both CFD trading and spread betting. It provides 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.

Markets

  • eToro offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks, ETFs and Bonds, with 1000+ available.
  • ThinkMarkets provides Forex, Indices, Energy, Metals, Shares and Cryptocurrencies, with 200+ on offer.

Cryptocurrencies

  • eToro provides Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Dash, NEO, Zcash, IOTA, EOS, Cardano, Stellar, Ethereum Classic, TRON and Binance Coin.
  • ThinkMarkets offers Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple, Dash, NEO, Zcash and Monero CFDs.

Spreads and leverage

  • eToro's typical spreads are 3 for EUR/USD, 1 for UK100, 0.45 for Gold and 0.05 for US Oil.
  • Spreads on ThinkMarkets can vary with account type and types of trading. Spread betting Standard spreads are variable and 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 eToro is . Maximum leverage at ThinkMarkets (FCA regulated) is .

Platforms

Both brokers offer web trader, and apps on tablet and mobile. ThinkMarkets also provides MT4.

Why eToro or ThinkMarkets ?

Both of these brokers offer accessible web traders. eToro provides a range of social and copy trading tools on its platform. Both offer a relatively wide range of Cryptocurrencies. However eToro offers them to own, when bought, while ThinkMarkets provides them as CFDs (the trader does not own a cryptocurrency when trading a CFD). ThinkMarkets offers MT4 and bases a range of accounts types including CFD and spread betting on this platform. ThinkMarkets provides support for trading with automated trading strategies (on MT4).

Comparison summary

  • These brokers provide CFD trading
  • ThinkMarkets also offers spread betting
  • Each has a web trader and apps
  • ThinkMarkets additionally offers MT4
  • eToro provides copy and social trading
  • ThinkMarkets supports automated trading with robots on MT4
  • eToro provides more markets, but ThinkMarkets has a competitive number for an ECN broker

Search this site

Translate