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, MT4, MT51000+FCA, ASIC, FSCA

Plus500 and ThinkMarkets Comparison

Both brokers provide user friendly trading platforms designed for traders who execute their own trades. ThinkMarkets has support for traders who want to use automated trading strategies, providing MT4 and its successor MT5, which allow the trader to use and build online trading robots called Expert Advisors (EAs).

Plus500 offers more markets to trade than ThinkMarkets (2000+) and a wider range, but ThinkMarkets has 1000+ markets to trade on MT5.

While both brokers offer CFD trading, in the UK ThinkMarkets can additionally provide MT4 and MT5 spread betting.

ThinkMarkets is regulated by the FCA in the United Kingdom and the ASIC in Australia and is licensed by the FSCA in South Africa.

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 and MT5. Plus500 has more markets to trade overall. ThinkMarkets can provide in the UK spread betting on MT4 and MT5 as well as CFD trading.

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, 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

  • Plus500 offers Forex, Commodities, Indices, Cryptocurrencies, Stocks, ETFs and Options.
  • ThinkMarkets offers Forex, Commodities, Indices, Cryptocurrencies and Stocks.

Plus500 offers considerably more CFDs, with over 2000 CFDs, versus 1000+ 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.

Leverage

Maximum leverage for Plus500 is . Maximum leverage for ThinkMarkets (FCA regulated) is .

Online trading platforms

Both offer user friendly web traders (Plus500's platform can also be downloaded). ThinkMarkets additionally offers MT4 and MT5. Both provide mobile apps.

Why Plus500 or ThinkMarkets ?

Traders who want to trade on user friendly web traders can find these platforms at either broker. Those who want to trade on MetaTrader 4 (MT4) and MetaTrader 5 (MT5) can find these platforms at ThinkMarkets. Overall, Plus500 has more markets to trade (2000+), but ThinkMarkets does offer 1000+ markets to trade on MT5. Traders who want to trade using online trading robots (EAs) can do so at ThinkMarkets.

Comparison summary

  • Both brokers provide CFD trading
  • In the UK, ThinkMarkets additionally offers MT4 and MT5 spread betting
  • ThinkMarkets provides MT4 and MT5
  • ThinkMarkets supports the use of Expert Advisors (EAs)
  • Both brokers provide user friendly web traders
  • ThinkMarkets offers 1000+ markets on MT5
  • Plus500 has more markets to trade (2000+)

Plus500

Search this site

Translate