Compare FXOpen with ThinkMarkets

Compare FXOpen vs FXTM

FXOpen vs ThinkMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT465+FCA, ASIC, FSRC
NoneMT4, Trade Interceptor200+FCA, ASIC

FXOpen vs ThinkMarkets Comparison

Both brokers provide ECN trading. FXOpen also offers STP trading, with no commission charge. ThinkMarkets provides a Standard CFD account and a spread betting account, which do not charge commissions.

ThinkMarkets can offer tight spread betting spreads. Both offer a relatively wide selection of Cryptocurrency CFDs, which expand on the core range offered by other brokers (with differing underlying cryptocurrencies).

These brokers each offer MT4 for ECN trading (and in the case of ThinkMarkets for spread betting). ThinkMarkets also offers Trade Interceptor. FXOpen and ThinkMarkets are regulated by the FCA in the United Kingdom and the ASIC in Australia. FXOpen is also regulated by the FSRC in Nevis.

ECN conditions

Both offer low spreads plus a commission charge, FXOpen on its ECN account and ThinkMarkets on its ThinkZero accounts. Each uses Equinix infrastructure for high speed order processing.

Quick comparison

Both offer ECN trading on MT4. ThinkMarkets has a higher minimum deposit for this kind of trading. ThinkMarkets also offers standard accounts on MT4 and Trade Interceptor and provides in the UK, spread betting on MT4.

Minimum deposit and account types

The minimum deposit for FXOpen is €/$300 or £200. ThinkMarkets does not have a minimum deposit for its Standard account and for its ThinkZero account has a minimum deposit of $500.

  • FXOpen offers three accounts types, ECN, STP and Crypto. The ECN account charges commissions on its markets, the STP does not charge commissions. The ECN account has a wider range of market available. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). The minimum trade size is 0.01 lots. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.
  • 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.

Markets

  • On the ECN account, FXOpen offers Forex, Indices, Energy and Precious Metals, with 65+ available.
  • On the STP account, FXOpen provides Forex and Precious Metals, for a total of 50+.
  • On the Crypto account, FXOpen offers Forex, Precious Metals and Cryptocurrencies, for a total of 55+.
  • ThinkMarkets provides Forex, Indices, Energy, Cryptocurrencies, Metals and Shares, with 200+ on offer.

FXOpen provides 45+ Forex pairs, ThinkMarkets provides 50+ Forex pairs.

Cryptocurrency CFDs

  • FXOpen offers Bitcoin, Ethereum, Litecoin, DASH, Bitcoin Cash, Ripple, Monero, IOTA, NEO, OMNI, EOS, Ethereum Classic, Bitcoin Cash, Namecoin, Peercoin and Emercoin.
  • ThinkMarkets offers Bitcoin, Ethereum, Litecoin, DASH, Bitcoin Cash, Ripple, Monero, IOTA, NEO, ETP, Bitcoin Gold, OmiseGO, and Zcash.

Spreads and leverage

  • Spreads at FXOpen are variable and are from 0.0 for EUR/USD, 0.0 for UK 100, 0.0 for Gold and 0.0 for US Crude Oil (all plus commission). The STP account has higher spreads.
  • 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 FXOpen (FCA regulated) is . Maximum leverage at ThinkMarkets (FCA regulated) is .

Commissions

  • For Forex, FXOpen charges a commission, which depends on volume traded, from $1.5 - $5 per standard lot per side. Other instruments have differing commission charges.
  • ThinkMarkets does not charge a commission on the Standard account and charges a commission of $3.5 per lot per side for the ThinkZero account.

Platforms

FXOpen offers MT4 desktop, MT4 apps and an MT4 based web trader. ThinkMarkets offers MT4 and Trade Interceptor, on desktop and apps.

Why FXOpen or ThinkMarkets ?

These are both MT4 brokers, supporting both automated and non-automated trading. ThinkMarkets additionally offers Trade Interceptor, which is a user friendly platform supporting traders who make their own trading decisions.

Comparison summary

  • Both brokers provide ECN trading
  • The minimum deposit at ThinkMarkets for ECN trading is higher than FXOpen's
  • ThinkMarkets has no minimum deposit for its Standard account
  • Both provide a range of Cryptocurrency CFDS
  • Each offers MT4
  • ThinkMarkets also provides Trade Interceptor
  • Both are FCA and ASIC regulated

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