Plus500 vs. ThinkMarkets Broker Comparison

Plus500 vs. ThinkMarkets Broker Comparison

Plus500 versus ThinkMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100Web Trader & Apps2000+FCA, ASIC, CySEC, FSCA, FMA, MAS & IE
NoneTrade Interceptor, MT4200+FCA, ASIC

Plus500 and ThinkMarkets Comparison

Plus500 provides CFD trading, ThinkMarkets provides CFD trading and spread betting. Plus500 offers more markets to trade than ThinkMarkets, though ThinkMarkets has expanded its range to include Stocks.

ThinkMarkets provides support for automated trading, with MT4. Each broker offers support for human traders who make their own trading decisions, Plus500 provides its trading platform and ThinkMarkets offers the Trade Interceptor platform.

ThinkMarkets is regulated by the FCA in the United Kingdom and the ASIC in Australia. Plus500UK Ltd is authorized and regulated by the FCA (#509909). Plus500CY Ltd is authorized and regulated by CySEC (#250/14). Plus500SG Pte Ltd is licensed by the MAS (#CMS100648-1) and IE Singapore (#PLUS/CBL/2018). Plus500AU Pty Ltd (ACN 153301681) is licensed by: ASIC in Australia, AFSL #417727 and FMA in New Zealand, FSP #486026 and is an authorised Financial Services Provider in South Africa, FSP #47546.

Quick comparison

Both offer web traders and apps while ThinkMarkets also has MT4. Plus500 has considerably more markets. ThinkMarkets can provide MT4 ECN trading, and in the UK spread betting on MT4.

Account types and minimum deposit

The minimum deposit for Plus500 is $100. There is no minimum deposit for ThinkMarkets's Standard account, but there is a minimum deposit of $500 for the ThinkZero account.

  • Plus500 offers one account type for which the minimum deposit is $/€/£100 or AU$200. Plus500 offers an Economic Calendar on its website covering news events and market effects.
  • 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

  • Plus500 offers CFD trading in Currency Pairs, Commodities, Indices, Cryptocurrencies, Stocks, ETFs and Options.
  • ThinkMarkets offers Currency Pairs, Commodities, Indices, Cryptocurrencies and Stocks.

Plus500 offers considerably more CFDs, with over 2000 CFDs, versus 200+ offered by ThinkMarkets.

Cryptocurrency CFDs

  • Plus500 provides Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, IOTA, NEO, Monero, EOS, Stellar, Cardano and TRON.
  • ThinkMarkets provides Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, IOTA, NEO, Monero, Bitcoin Gold, Dash, Zcash, ETP and OmiseGO.

Spreads and leverage

  • Plus500 offers fixed and variable spreads depending on the instrument.
  • 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 Plus500 is . Maximum leverage for ThinkMarkets (FCA regulated) is .

Online trading platforms

Plus500 and ThinkMarkets each offer (different) web traders and apps. ThinkMarkets additionally provides MT4.

Plus500 has over 95 technical indicators on its web trader, ThinkMarkets has over 90 on the Trade Interceptor platform. Plus500 has chart time frames from tick to 1 week, ThinkMarkets from 1 minute to 1 month.

Plus500 provides Candle, Bar, Hollow Candle, Colored Bar, Line, Baseline and Mountain charts, ThinkMarkets provides Candlesticks, Bar Chart, Line Chart, Heikin Ashi, HLC Chart, HL Chart, Mountain, Candlevolume, Equivolume, Renko, Point & Figure and Kagi charts.

ThinkMarkets has a platform which has markets lists and the chart. Plus500 provides a clear platform based around markets lists, bars and the chart.

Why Plus500 or ThinkMarkets ?

Both brokers provide support for discretionary traders, who make their own trading decisions, with web traders (and apps). Both web trading platforms are clear and simplified. However, Plus500 has considerably more markets. ThinkMarkets also offers MT4. For a significantly higher minimum deposit, ThinkMarkets offers ECN trading on MT4. While each has CFD trading, in the UK ThinkMarkets additionally provides MT4 spread betting.

Comparison summary

  • Plus500 provides a wider range of markets, and a relatively large number of Stocks CFDs
  • ThinkMarkets provides both CFD trading and spread betting
  • Additionally ThinkMarkets offers a range of account types, with its ThinkZero account offering Forex spreads from 0, plus commission
  • Plus500 provides its Web Trader, ThinkMarket has Trade Interceptor and MT4
  • ThinkMarkets has support for automated trading on MT4
  • Plus500 can provide more CFDs overall

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