Compare ThinkMarkets vs USGFX - Trading Brokers Comparison

Compare ThinkMarkets vs USGFX

ThinkMarkets vs USGFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
NoneMT4, MT5, Trade Interceptor1000+FCA, ASIC, FSCA
$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 and MT4's successor, MT5.

ThinkMarkets offers as well as MT4 and MT5, 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 and is licensed by the FSCA in South Africa.

ECN conditions

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

Quick comparison

Both offer trading on MT4 and MT5. ThinkMarkets also offers a Standard account on MT4 and MT5 and Trade Interceptor, with no minimum deposit.

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. 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.
  • 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 available on the VIP account. UGSFX support social and copy trading via ZuluTrade and Myfxbook. All account types have a minimum trade size of 0.01 lots.
  • USGFX provides Trading Central, the Recognia Trading System (which offers trading ideas), analysis, an economic calendar and an Education Center on its website with webinars, seminars, a trading guide and Blog and contests. A minimum deposit of $10,000 provides access to the Trader's Club which offers features including personalised coaching, market research and commentary, premium trading tools and services and structured education.

Markets

  • ThinkMarkets provides Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities and Shares, with 1000+ on offer.
  • USGFX offers Forex, Indices, Energy, Metals and Cryptocurrencies, with 60+ available.

Cryptocurrency CFDs

  • ThinkMarkets offers Bitcoin, Ethereum, Litecoin, Dash, Bitcoin Cash and Ripple.
  • 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.

ThinkMarkets can offer spreads from 0 plus a commission charge. USGFX can additionally provide Forex spreads from 1.3 without a commission charge while ThinkMarkets can additionally provide Forex spreads from 0.4 without a commission charge.

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 and MT5. ThinkMarkets additionally provides Trade Interceptor.

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 and MT5 additionally provides Trade Interceptor which is a (human) user friendly platform. While each has CFD trading, in the UK ThinkMarkets can additionally provide MT4 and MT5 spread betting.

Comparison summary

  • Both brokers offer CFD trading
  • In the UK, ThinkMarket also provides spread betting
  • Both offer MT4 and MT5
  • ThinkMarkets additionally offers Trade Interceptor
  • ThinkMarkets has no minimum deposit for its Standard account

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