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, IFSC
NoneMT4, Trade Interceptor Web Trader & Apps200+FCA, ASIC

RoboMarkets vs ThinkMarkets Comparison

Both of these brokers can offer accounts with low spreads plus a commission charge. Both also provide trading without a commission charge. ThinkMarkets has a higher minimum deposit to access ECN trading.

These brokers each offer a range of trading platforms. Each has MT4. RoboMarket also has MT5. In addition RoboMarkets offers R Trader, which has many more markets to trade (thus overall, RoboMarkets can provide more markets). ThinkMarkets provides Trade Interceptor. RoboMarkets is regulated by the CySEC in Cyprus and the IFSC in Belize. ThinkMarkets is regulated by the FCA in the United Kingdom and the ASIC in Australia.

ECN conditions

The ECN accounts of these brokers are no dealing desk and do not restrict trading styles, thus news trading, scalping and automated trading is allowed. ThinkMarkets co-locates with Equinix servers, for high speed order transmission.

Quick comparison

Both brokers offer ECN trading on MT4 (and MT5 for RoboMarkets). Each has a web trader: Trade Interceptor in the case of ThinkMarkets and R Trader for RoboMarkets.

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 a Fix-Cent, a Fix-Standard, and ECN-Pro NDD and an ECN-Fixed Spread NDD and 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. Micro lot trading is available.
  • RoboMarkets provides RoboForex Analytics on its website. This offers a range of tools including analysis, signals, videos and education. It offers StrategyQuant for building MT4 robots and the R Trader Strategy Builder.
  • 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

  • RoboMarkets's Cent account offers Forex and Precious Metals, for a total of 35+.
  • RoboMarkets's Standard and ECN accounts offer Forex, Indices, Precious Metals, Cryptocurrencies and Energy, for a total of 45+.
  • On its R Trader account, RoboMarkets offers Forex, Indices, Cryptocurrencies, Stocks and ETFs, for a total of 11,000+.
  • ThinkMarkets provides Forex, Indices, Metals, Energy, Cryptocurrencies and Stocks, with 200+ on offer.

RoboMarkets provides 45+ Forex pairs (on R Trader), ThinkMarkets provides 50+ Forex pairs.

Cryptocurrency CFDs

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

Spreads and leverage

  • On RoboMarkets's Pro-Cent and Pro-Standard accounts, the average spread for EUR/USD is 1.6 and Gold 2.23. On the ECN accounts the minimum spread for EUR/USD is 0.1, Gold 0.8 and US Crude Oil 0.01. On the Prime account, the minimum spread for EUR/USD is 0.0, Gold 0.4 and US Crude Oil 0.01.
  • 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 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.

Platforms

RoboMarkets offers MT4 and MT5 desktop, MT4 and MT5 apps and R Trader. ThinkMarkets offers MT4 and Trade Interceptor, on desktop and apps.

Why RoboMarkets or ThinkMarkets ?

Both brokers offer MT4 and support both 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, though ThinkMarkets has more for its ThinkZero account vs RoboMarkets's other accounts. RoboMarkets provides MT5 and cTrader, in addition to MT4 and R Trader.

Comparison summary

  • Each has CFD trading, ThinkMarkets additionally offers spread betting
  • Both brokers offer accounts with low spreads plus a commission charge
  • RoboMarkets has a lower minimum deposit for ECN trading
  • Both provide MT4
  • RoboMarkets offers MT5 and R Trader
  • ThinkMarkets provides Trade Interceptor
  • Overall, RoboMarkets can offer more markets to trade (on R Trader)
  • Both can provide trading without a commission charge
  • Each is regulated

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