Compare ThinkMarkets vs USGFX - Trading Brokers Comparison

Compare ThinkMarkets vs USGFX

ThinkMarkets vs USGFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
NoneMT4, Trade Interceptor200+FCA, ASIC
$100MT4, MT560+ASIC

ThinkMarkets and USGFX Comparison

These brokers each provide platforms and accounts for traders who wish to trade automated or non-automated trading strategies. Each offers the MetaTrader 4 (MT4) online trading platform. USGFX additionally provides MT4's successor, MT5. ThinkMarkets offers as well as MT4, Trade Interceptor which is a user friendly trading platform. ThinkMarkets can provide more markets to trade. Both brokers are regulated by the ASIC in Australia. ThinkMarkets is regulated by the FCA in the United Kingdom.

ECN conditions

Both brokers are STP brokers. They can offer no dealing desk intervention. Trading styles such as scalping, news trading and EAs are allowed.

Quick comparison

Both offer ECN trading on MT4. ThinkMarkets also offers a Standard account on MT4 and Trade Interceptor. USGFX has a lower minimum deposit for ECN trading, but ThinkMarkets has no minimum deposit for its Standard account.

Minimum deposit and account types

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

  • 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. EAs and scalping are allowed.
  • ThinkMarkets account types provide 24/6 Live Support and a Free VPS Service. The ThinkZero account also provides Autochartist and an account manager.
  • USGFX offers four account types. These are Mini, Standard, VIP and Pro-ECN. The minimum deposit for the Mini account is $100, the minimum deposit for the Standard account is $10,000, and the minimum deposit for both the VIP and Pro-ECN accounts are $50,000. The different account types can offer lower spreads, with the lowest being available on the VIP account. All account types have a minimum trade size of 0.01 lots.
  • USGFX provides Trading Central, the Recognia Trading System (which provides trading ideas), analysis, one on one coaching and an Education Center on its website with webinars, seminars, a trading guide and Blog, along with contests.

Markets

  • ThinkMarkets provides Forex, Indices, Energy, Metals, Cryptocurrencies and Shares, with 200+ on offer.
  • USGFX offers Forex, Indices, Energy, Precious Metals and Cryptocurrencies, with 60+ available.

ThinkMarkets has 50+ Forex pairs. USGFX has 20+ Forex pairs.

Cryptocurrency CFDs

  • ThinkMarkets offers Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash, Ripple, Bitcoin Gold, Monero, ETP, Iota, NEO, OmiseGO, and Zcash.
  • USGFX offers Bitcoin.

Leverage and spreads

Maximum leverage for ThinkMarkets (FCA regulated) is . Maximum leverage at ThinkMarkets (ASIC regulated) is 500:1. Maximum leverage for USGFX is 500:1, except on the Pro-ECN account where it is 100:1.

  • 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.
  • USGFX offers variable spreads. On the Mini account, EUR/USD is from 2.8, on the Standard account EUR/USD is from 2.2, on the Pro-ECN account EUR/USD is from 1.5 and on the VIP account EUR/USD is from 1.3.
  • USGFX offers Gold spreads from 0.50 on all accounts except VIP, where they are from 0.36. US Oil spreads are from 0.027, plus commission.

Commission charge

  • ThinkMarkets does not charge a commission on the Standard account and charges a commission of $3.5 per lot per side on its ThinkZero account.
  • USGFX does not charge commissions for Forex or Precious Metals. It does charge commissions of $5 per lot per side for CFDs.

Online trading platforms

Both brokers offer MT4, desktop and apps. ThinkMarkets additionally provides Trade Interceptor. USGFX offers MT5, desktop and apps.

Why ThinkMarkets or USGFX ?

Both brokers support the use of automated trading strategies as well as human traders who make their own trading decisions. In this respect, USGFX offers MT4 and its successor platform MT5. ThinkMarkets as well as offering MT4 additionally provides Trade Interceptor which is a (human) user friendly platform. While each has CFD trading, in the UK ThinkMarkets can additionally provide MT4 spread betting.

Comparison summary

  • Both brokers offer no dealing desk intervention trading
  • Each has MT4
  • ThinkMarkets also offers Trade Interceptor
  • USGFX also provides MT5
  • ThinkMarkets can offer low spreads plus a commission charge
  • USGFX does not charge Forex commissions
  • USGFX does charge commission for CFDs
  • ThinkMarkets can also offer a Standard account which can offer tight Forex spreads without a commissions charge
  • Both are ASIC regulated
  • ThinkMarkets is additionally FCA regulated
  • While ThinkMarkets has a minimum deposit of $500 to access ECN spreads (plus a commission), to get the lowest spreads on USGFX requires a higher minimum deposit

Search this site

Translate