ETX Capital vs. ThinkMarkets Broker Comparison

ETX Capital vs. ThinkMarkets Broker Comparison

ETX Capital versus ThinkMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, ETX TraderPro5000+FCA
NoneMT4, Trade Interceptor200+FCA, ASIC

ETX Capital and ThinkMarkets Comparison

Both of these brokers offer web traders (and apps) along with MT4. On MT4, they have a similar number of markets available to trade, but comparing web traders, ETX Capital has many more. ETX Capital does not charge commissions for trading Forex, but on its ThinkZero accounts, ThinkMarkets does (and offers Forex spreads from 0). Like ETX Capital it has a Standard account which does not charge Forex commissions.

So automated traders can use either broker, as can discretionary (non-automated) traders. ThinkMarkets has accounts which can be seen as more for discretionary or more for automated trading (though MT4 can be used for either). Both in effect have accounts based on whether the trader wishes to trade MT4 or the web trader. To trade MT4, ETX Capital has a lower minimum deposit.

Both have a range of cryptocurrencies to trade (but not own), however ThinkMarkets has more on MT4. As a final point, each provides CFD trading and spread betting on MT4. Both are FCA regulated in the United Kingdom. ThinkMarkets is additionally ASIC regulated in Australia.

Quick technical comparison

Both of these brokers offer MT4, though ETX Capital has a lower minimum deposit. However ThinkMarkets has no dealing desk order execution. Both say they use fast order execution on MT4 (ThinkMarkets uses Equinix servers on MT4). For discretionary traders, they offer tight variable CFD and spread betting spreads. For automated and discretionary traders, ThinkMarkets can offer low spreads plus a commission charge on MT4. Both provide spread betting on MT4.

Minimum deposit and account types

The minimum deposit for ETX Capital is £/$100. There is no minimum deposit for ThinkMarkets's Standard account, but there is a minimum deposit of £/$500 for the ThinkZero account.

  • ETX Capital provides both CFD trading and spread betting. The minimum deposit is £/$100 for ETX Capital. It provides a range of features including webinars and seminars. For a minimum first deposit of £/$/€1,000, T&Cs apply, ETX Capital offers a dedicated account manager, news and updates from Trading Central and a free 8 hour trading course to be taken within 6 months.
  • ThinkMarkets offers both CFD trading and spread betting. It provides 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

  • ETX Capital on ETX TraderPro offers Currency Pairs, Indices, Energy, Metals, Shares, Cryptocurrencies, Soft Commodities, Bonds, IPOs, ETFs and Interest Rates, with 5000+ available.
  • ETX Capital on MT4 offers Forex, Indices, Energy, Metals, Shares, Cryptocurrencies and Soft Commodities, with 200+ available.
  • ThinkMarkets offers Currency Pairs, Indices, Energy, Metals, Shares and Cryptocurrencies, with 200+ available.

Cryptocurrency CFDs

  • ETX Capital provides Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash (as a CFD or for spread betting).
  • ThinkMarkets provides Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Bitcoin Gold, Dash, Monero, ETP, Iota, NEO, OmiseGO, and Zcash.

Platform

ETX Capital offers 55+ technical indicators on ETX TraderPro, ThinkMarkets offers 90+ technical indicators on Trade Interceptor. ETX Capital provides candlestick, HLOC, line, area, plot, cloud, three line break and Heikin-Ashi charts. ThinkMarkets provides bar, candlestick and line charts. Both brokers offers the MT4 platform.

ETX Capital provides a trading platform with lists of markets and information bars for each product type. From these, the chart can be accessed. ThinkMarkets has a layout with markets lists and the chart. Both have visually appealing designs.

Spreads and leverage

  • ETX Capital offers variable spreads from 0.6 for EUR/USD, 1 for the UK100, 0.4 for Gold and 0.05 for US Crude Oil.
  • Spreads on ThinkMarkets can vary with account type and types of trading. Spread betting Standard spreads are variable and 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.

The maximum leverage for ETX Capital is . The maximum leverage for ThinkMarkets is .

Quick comparison

ETX Capital is a CFD and in the UK spread betting broker with a relatively large number of markets on its web trader, while ThinkMarkets offers STP and STP trading on MT4 and Trade Interceptor and in the UK, spread betting on MT4.

Why ETX Capital or ThinkMarkets ?

For traders who wish to have a large selection of markets to trade, then ETX Capital provides this capacity, with 5000+ on ETX TraderPro. Both support trading with robots on MT4. For such traders, ThinkMarkets offers STP no dealing desk order processing and Equinix infrastructure.

Comparion summary

  • Both offer CFD trading and spread betting
  • Each provides spread betting on MT4
  • ETX Capital and ThinkMarkets offer CFD trading on their web traders (and apps)
  • ETX Capital's web trader is ETX TraderPro, ThinkMarkets's web trader is Trade Interceptor
  • ETX Capital has more markets available web trader vs web trader
  • Each also provides MT4, on which they have a similar number of markets
  • ETX Capital has a lower minimum deposit for both Trade Interceptor and MT4
  • ThinkMarkets on its ThinkZero account offers low Forex spreads plus a commission charge
  • ETX Capital does not charge Forex commissions and provides tight variable Forex spreads
  • ThinkMarkets can also offer tight variable Forex spreads on its Standard account
  • Both are FCA regulated, ThinkMarkets is additionally ASIC regulated

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