Compare RoboMarkets vs ThinkMarkets - Online Brokerage Comparison

Compare RoboMarkets vs ThinkMarkets

RoboMarkets vs ThinkMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, MT5, R Trader Web Trader11,000+CySEC
NoneMT4, MT5, Trade Interceptor Web Trader & Apps1000+FCA, ASIC. FSCA

RoboMarkets vs ThinkMarkets Comparison

These brokers each offer MetaTrader 4 (MT4). RoboMarkets additionally provides MetaTrader 5 (MT5).

Both brokers offer relatively user friendly web traders, R Trader in the case of RoboMarkets and Trade Interceptor in the case of RoboMarkets, though Trade Interceptor is for traders who execute their own trades, while R Trader offers additional support for traders who want to build and run robots (in the cloud).

Both brokers allow the use of Expert Advisors (EAs), on MT4 and MT5. Each broker provides accounts which can offer low spreads plus a commission charge. RoboMarkets can additionally offer a Cent account, with low minimum trade sizes.

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

ECN conditions

Both brokers allow news trading, scalping and automated trading and offer accounts which can have low spreads plus a commission charge. ThinkMarkets places its servers in Equinix data centers, for high speed order transmission.

Quick comparison

Both brokers offer MT4 and MT5. RoboMarkets additionally provides R Trader, while ThinkMarkets additionally offers Trade Interceptor. RoboMarkets offers a Cent account, with small trade sizes.

Minimum deposit and account types

The minimum deposit for RoboMarkets is $100. ThinkMarkets does not have a minimum deposit for its Standard account and for its ThinkZero account has a minimum deposit of $500.

  • RoboMarkets offers accounts based around its three platforms, MT4, MT5 and R Trader. MT4 and MT5 each offer a Pro-Standard, Pro-Cent and Pro-ECN account. MT4 additionally offers an MT4 Prime account. RoboMarkets's R Trader is a web trading platform, which has many more markets available than the other accounts. RoboMarkets also offers a CopyFx account (which supports transaction copying) and a RAMM account (which supports strategy copying). RoboMarkets's minimum deposit for all accounts except MT4 Prime is $100. The minimum deposit for MT4 Prime is $5,000. The Prime account is an ECN account with lower commission charges. RoboMarkets offers an Islamic (Swap Free) version for some of these accounts. The minimum trade size is 0.0001 lots. RoboMarkets provides a range of tools including analysis, an economic calendar, webinars and education. It offers the R Trader Strategy Builder for building robots. EAs and scalping are allowed at RoboMarkets.
  • 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

  • RoboMarkets offers Forex, Indices, Metals, Energy, Cryptocurrencies, Stocks, Soft Commodities and ETFs, for a total of 11,000+.
  • ThinkMarkets provides Forex, Indices, Metals, Energy, Cryptocurrencies, Stocks and Soft Commodities, with 1000+ on offer.

Cryptocurrency CFDs

  • RoboMarkets offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Dash, Bitcoin Gold, IOTA, NEO, OmiseGO, Monero, Qtum, EOS and Golem.
  • ThinkMarkets offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Spreads and leverage

Both brokers offer low Forex spreads plus a commission charge. RoboMarkets additionally provides Forex spreads from 1.3 without a commission charge, while ThinkMarkets offers Forex spreads from 0.4 without a commission charge.

Maximum leverage for RoboMarkets (CySEC regulated) is . Maximum leverage at ThinkMarkets (FCA regulated) is .

Commissions

  • RoboMarkets commission are $2 per lot per side for its ECN accounts except for its Prime account where they are $1.5 per lot per side.
  • ThinkMarkets does not charge a commission on the Standard account and charges a commission of $3.5 per lot per side for its ThinkZero account.

Online trading platforms

Both brokers offer MT4 and MT5. RoboMarkets additionally provides R Trader. ThinkMarkets additionally offers Trade Interceptor.

Why RoboMarkets or ThinkMarkets ?

Both brokers offer MT4 and MT5 and support automated and non-automated trading. Both brokers provide a (different) web trader which can be used by traders who make their own trading decisions, though all platforms have this functionality. ThinkMarkets has a higher minimum deposit on its ThinkZero account than RoboMarkets does on its ECN accounts, though ThinkMarkets has no minimum deposit for its Standard account. Overall, RoboMarkets provides many more markets on its R Trader account, though ThinkMarkets has more for its ThinkZero account vs RoboMarkets's other accounts. RoboMarkets provides MT5 in addition to MT4 and R Trader.

Comparison summary

  • Both brokers provide CFD trading
  • Each offers MT4
  • RoboMarkets additionally provides MT5
  • Both brokers offer web traders
  • On its R Trader web trader, RoboMarkets has many more markets to trade
  • Both brokers allow the use of robots
  • RoboMarkets's R Trader lets traders run robots on the cloud

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