easyMarkets vs. ThinkMarkets Broker Comparison

easyMarkets vs. ThinkMarkets Broker Comparison

easyMarkets versus ThinkMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, Web Trader & Apps200+CySEC, ASIC
NoneMT4, Trade Interceptor200+FCA, ASIC

easyMarkets and ThinkMarkets Comparison

One way brokers may support discretionary (non-automated) trading is by providing an approachable web trader (and apps), with a range of technical indicators and chart price types, i.e. the trader is provided with tools to analyse markets themselves. Both easyMarkets and ThinkMarkets do so. easyMarkets has a web trading platform, ThinkMarkets provides Trade Interceptor. One way brokers can support automated trading, is by providing MT4. Both of these brokers do so as well.

easyMarkets is a fixed spread broker and has no slippage and allows scalping and Expert Advisors (EAs). ThinkMarkets offers MT4 trading with low spreads, plus a commission charge. It also allows scalping and EAs.

easyMarkets has a particularly strong offering of Forex pairs, while ThinkMarkets has a relatively wide range of Cryptocurrency CFDs available. Both brokers are regulated by the ASIC. easyMarkets is regulated as well by the CySEC. ThinkMarkets is regulated as well by the FCA.

Quick comparison

Both brokers offer MT4 and web traders. easyMarkets has fixed spreads while ThinkMarkets offers variable spreads from 0 plus commission on its ThinkZero account.

Minimum deposit and account types

easyMarkets has a minimum deposit of $100. ThinkMarkets does not have a minimum deposit, except for its ThinkZero account which a minimum deposit of $500.

  • easyMarkets offers a Standard account with a minimum deposit of $100 and a VIP account with a minimum deposit of $2,500.
  • All easyMarkets account types have customer support and a personal account manager. The VIP account additionally has telephone trading, access to the tightest spreads at easyMarkets, a personal analyst and real time SMS market updates. The minimum trade size is 0.01 lots.
  • 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

  • easyMarkets offers Currency Pairs, Energy, Metals, Indices, Bitcoin and Options.
  • ThinkMarkets offers Currency Pairs, Energy, Metals, Indices, Cryptocurrencies and Shares.

easyMarkets provides 200+ products to trade on its web trader (150+ on MT4), ThinkMarkets provides 185+ products. easyMarkets offers 136 Day Trade/Spot FX, 48 FX Forwards plus 58 Vanilla Options FX pairs, versus 40+ Forex Pairs provided by ThinkMarkets (on MT4).

Cryptocurrency CFDs

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

Leverage and spreads

Maximum leverage for easyMarkets (CySEC regulated) is . Maximum leverage for ThinkMarkets (FCA regulated) is .

  • Spreads at easyMarkets can vary with account type and are fixed, from 1 for EUR/USD, 2 for UK100, 0.35 for Gold and 0.04 for US Oil.
  • 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.

Online trading platforms

Both brokers offer user friendly web traders. Each provides MT4. Both offer mobile trading apps.

Comparison summary

  • Both brokers offer CFD trading
  • In the UK, ThinkMarkets can also provide MT4 spread betting
  • Both brokers offer MT4
  • Each has a web trader available as well for discretionary trading
  • easyMarkets is a fixed spread broker
  • ThinkMarkets has variable spreads
  • ThinkMarkets provides its ThinkZero account, which can offer low variable spreads plus a commission charge
  • ThinkMarkets has a lower minimum deposit for its Standard account (none vs $100)
  • ThinkMarkets has a higher minimum deposit for its ThinkZero account ($500 vs $100)

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