ThinkMarkets vs Titan FX - Online Brokerage Comparison

ThinkMarkets vs Titan FX ECN Forex Broker Comparison

ThinkMarkets versus Titan FX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
NoneMT4, Trade Interceptor200+FCA, ASIC
$200MT470+VFSC

ThinkMarkets and Titan FX Comparison

Titan FX is an MT4 ECN broker. ThinkMarkets also offers MT4 ECN trading on its ThinkZero account and provides a Standard account (without a commission charge) for both MT4 and the Trade Interceptor platform. Both support discretionary and automated trading (on MT4), though for discretionary traders, ThinkMarkets offers Trade Interceptor. ThinkMarkets is regulated by the FCA in the United Kingdom and by the ASIC in Australia. Titan FX is regulated by the VFSC in Vanuatu.

Quick comparison

Both brokers offer ECN trading on MT4, though ThinkMarkets has a higher minimum deposit for this kind of trading. ThinkMarkets also provides a Standard account on MT4 and Trade Interceptor which has no minimum deposit requirement.

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 Titan FX is $200.

  • 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.
  • Titan FX offers the Zero Standard STP account, the Blade ECN Zero account, an Islamic account and the Active Trader Program. Hedging, scalping and EAs are allowed for all account types, as is micro lot trading. Titan FX offers markets analysis, economic news, self improvement articles for a 'Forex Lifestyle' and an economic calendar. Titan FX uses Equinix's NY4 Data Centre.
  • Titan FX's Standard and Islamic accounts do not charge commissions, the Blade ECN account does charge commissions.
  • Titan FX's Active Trader Program provides a dedicated relationship manager, segregated client accounts, advanced reporting, custom solutions, virtual server hosting and aggregated anonymous data (AAD).

Account currencies

Account currencies for ThinkMarkets are: GBP, USD, EUR, AUD and CHF, except for the spread betting account which is available in GBP. Account currencies for Titan FX are: USD, AUD, EUR, SGD and JPY.

Markets

  • ThinkMarkets offers 200+ (on MT4), covering Forex pairs, Indices, Energy, Metals, Cryptocurrencies and Shares.
  • Titan FX offers 70+ (on MT4), covering Forex pairs, Indices, Energy and Precious Metals.

Spreads and leverage

  • 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.
  • Spreads at Titan FX are variable and are from 0.0 for EUR/USD (with an average of 0.2), 1.6 for UK100, 0.2 for Gold and 0.06 for US Crude Oil.

The maximum leverage for ThinkMarkets (FCA regulated) is . The maximum leverage for ThinkMarkets (ASIC regulated) is 500:1. The maximum leverage for Titan FX is 500:1.

Commissions

  • ThinkMarkets charges a commission of $3.5 per lot per side on its ThinkZero account.
  • Titan FX charges a commission of $0.035 per 0.01 lots (i.e. $3.5 per lot) per side (thus $0.07 per micro lot round trip) on the Blade ECN account. Titan FX says that it approximates the USD charges and has a monthly review of these approximations for other account currencies.

Platforms

Both broker offer MT4. ThinkMarkets additionally provides Trade Interceptor.

Why ThinkMarkets or Titan FX ?

ThinkMarkets offers CFD trading and in the UK, spread betting. Titan FX is an MT4 ECN broker, offering CFD trading. While Titan FX has a web trader based on MT4, ThinkMarkets provides the Trade Interceptor platform as well as MT4. Both utilise Equinix data centres co-locating their trading servers with those of other participants. Each offers no dealing desk intervention. Thus both can be used by traders who wish to trade automated trading strategies on MT4. The Trade Interceptor platform offered by ThinkMarkets is a user friendly platform designed for human traders who make their own trading decisions.

Comparison summary

  • Both brokers offer MT4
  • ThinkMarkets also provides Trade Interceptor
  • Both brokers offer CFD trading
  • ThinkMarkets also provides MT4 spread betting in the UK
  • Each broker allows automated trading
  • Both brokers offer ECN trading and use Equinix infrastructure
  • ThinkMarkets can offer tight spreads on its Standard account without a commission charge

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