Compare FXOpen with ThinkMarkets

Compare FXOpen vs FXTM

FXOpen vs ThinkMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT465+FCA, ASIC, FSRC
NoneMT4, MT5, Trade Interceptor1000+FCA, ASIC, FSCA

FXOpen vs ThinkMarkets Comparison

These brokers each offer trading on MetaTrader 4 (MT4). ThinkMarkets additionally provides MetaTrader 5 (MT5), the successor to MT4. As well as MT4 and MT5, ThinkMarkets offers user friendly Trade Interceptor.

ThinkMarkets can offer more markets to trade than FXOpen, especially on MT5, however FXOpen has a competitive number of markets for an ECN broker.

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. ThinkMarkets is also licensed by the FSCA in South Africa.

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 brokers provide MT4. ThinkMarkets additionally provides MT5 and Trade Interceptor and can offer more markets to trade.

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. 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

  • FXOpen offers Forex, Indices, Energy, Metals and Cryptocurrencies, with 65+ available.
  • ThinkMarkets provides Forex, Indices, Energy, Metals, Cryptocurrencies and Shares, with 1000+ on offer.

FXOpen provides 40+ Forex pairs, ThinkMarkets provides 40+ Forex pairs.

Cryptocurrency CFDs

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

Spreads and leverage

Both brokers can offer Forex spreads from 0 plus a commission charge.

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.

Online trading platforms

Both brokers offer MT4. ThinkMarkets additionally provides MT5 and Trade Interceptor. Both offer mobile apps.

Why FXOpen or ThinkMarkets ?

These are both MT4 brokers, supporting both automated and non-automated trading. Traders who want to trade on MetaTrader 5 (MT5), the successor to MT4 can find this platform at ThinkMarkets. ThinkMarkets additionally offers Trade Interceptor, which is a user friendly platform for traders who make their own trading decisions.

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 and Trade Interceptor
  • ThinkMarkets has more markets to trade, especially on MT5
  • FXOpen has a competitive number of markets for an ECN broker

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