| Online Broker | Minimum Deposit | Trading Platforms | Markets To Trade | About |
|---|---|---|---|---|
| ThinkMarkets | None Minimum Deposit | MT4, MT5, ThinkTrader Trading Platforms | 3500+ Markets To Trade | ThinkMarkets provides trading, including automated trading, on MT4 and MT5, offers user friendly ThinkTrader and has 3500+ Stocks CFDs About |
| Titan FX | $200 Minimum Deposit | MT4, MT5 Trading Platforms | 220+ Markets To Trade | Titan FX offers trading infrastructure for automated traders, high frequency traders and scalpers providing both MT4 and MT5 About |
ThinkMarkets and Titan FX Comparison
Both brokers offer MT4 and MT5 trading. ThinkMarkets additionally provides user friendly ThinkTrader. Traders can trade a wide range of strategies at either broker, including automated and non-automated trading, though ThinkTrader is designed for the human trader.
Overall, ThinkMarkets has more markets, particularly on MT5 and ThinkTrader, though Titan FX offers a competitive number of markets to trade.
ThinkMarkets is regulated by the FCA in the United Kingdom and by the ASIC in Australia and is licensed by the VFSC in South Africa. Titan FX is regulated by the VFSC in Vanuatu.
Quick comparison
Both brokers offer MT4 and MT5. ThinkMarkets additionally provides ThinkTrader. Overall, ThinkMarkets offers more markets to trade.
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. 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.
- 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 market analysis, Forex monthly commentary, economic news, Forex education and self improvement articles for a 'Forex Lifestyle'. Titan FX uses Equinix's NY4 Data Centre for fast order execution. Titan FX supports signal trading via MetaTrader.
- 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).
Markets
- ThinkMarkets offers 3500+, covering Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies and Soft Commodities.
- Titan FX offers 220+, covering Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies and Soft Commodities.
| Broker | Trading Platforms | Description |
|---|---|---|
| Titan FX Broker | MT4, MT5 Trading Platforms | Titan FX offers trading on MT4 and MT5, providing low latency infrastructure for automated traders, high frequency traders and scalpers Description |
| ThinkMarkets Broker | MT4, MT5, ThinkTrader Trading Platforms | ThinkMarkets offers trading on MT4 and MT5, allowing automated trading and provides user friendly ThinkTrader Description |
Spreads and leverage
Both brokers can offer Forex spreads from 0 plus a commission charge. ThinkMarkets can additionally provide Forex spreads from 0.4 without a commission charge, while Titan FX can offer Forex spreads from 1.2 (average) without a commission charge.
The maximum leverage for ThinkMarkets (Bermuda) is 500:1. The maximum leverage for Titan FX is 1000:1.
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.
Online trading platforms
Both broker offer MT4 and MT5. ThinkMarkets additionally provides ThinkTrader. Both have mobile apps.
Why ThinkMarkets or Titan FX ?
Traders who want to trade on MetaTrader 4 (MT4) and its successor MetaTrader 5 (MT5) can do so at either broker. Traders who want to trade on accounts which can offer low spreads plus a commission charge can do so at either broker, though Titan FX has a lower minimum deposit for this kind of account (but ThinkMarkets has no minimum deposit for its other accounts). Both brokers allow the use of Expert Advisors (EAs), MetaTrader trading robots. Traders who want to trade on a user friendly platform for the trader who executes their own trades, can find ThinkTrader at ThinkMarkets.
Comparison summary
- Both brokers provide CFD trading
- Each offers MT4 and MT5
- ThinkMarkets additionally provides ThinkTrader
- Each uses Equinix infrastructure for high speed order transmission
- Both allow EAs
- ThinkMarkets can offer more markets to trade overall (3500+ vs 220+)
