FXCC vs ThinkMarkets Comparison

FXCC vs ThinkMarkets Broker Comparison

FXCC versus ThinkMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT425+CySEC
NoneMT4, MT5, Trade Interceptor1000+FCA, ASIC, FSCA

FXCC and ThinkMarkets Comparison

These brokers each offer MT4 trading. ThinkMarkets additionally provides MT5. ThinkMarkets has a range of account types, covering both trading with and without a commission charge. FXCC focuses on ECN trading and provides an account which can offer ECN calibre spreads, without a commission charge. ThinkMarkets's Standard accounts can provide tight spreads, without a commission charge.

In addition to MT4 and MT5, ThinkMarkets offers Trade Interceptor. Both brokers support automated trading on MT4 (and on MT5 at ThinkMarkets). In the UK, ThinkMarkets provides spread betting on MT4 and MT5.

FXCC is regulated by the CySEC in Cyprus, ThinkMarkets is regulated by the FCA in the United Kingdom and by the ASIC in Australia and is licensed by the FSCA in South Africa.

Quick comparison

Both offer MT4 (though ThinkMarkets has a higher minimum deposit for this). ThinkMarkets also provides the Trade Interceptor platform, providing additional support to traders who make their own trading decisions, as well as MT5.

Minimum deposit and account types

The minimum deposit for FXCC is $100. ThinkMarkets does not have a minimum deposit for its Standard account and for its ThinkZero account has a minimum deposit of $500.

  • FXCC provides three account types. These are the ECN Standard account, the ECN XL account and the ECN Advanced account. FXCC's ECN XL account has a minimum deposit of $100, the ECN Standard account has a minimum deposit of $10,000 and the ECN Advanced account has a minimum deposit of $100,000.
  • All FXCC account types provide the MT4 platform, ECN/STP order execution, mobile trading, free technical analysis, SMS notifications, VPS, Economic Calendar and Trading Tools, allow Expert Advisors, scalping and hedging and provide a personal account manager. The ECN XL account additionally can offer zero commissions (T&Cs apply) and zero mark-up. The ECN Advanced account provides more markets to trade than the other account types (200+ vs 30). All trading styles are allowed at FXCC and a news feed and analysis is available on the website.
  • 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, 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.

Markets

  • On the ECN Standard and the ECN XL account, FXCC offers 25+, covering Forex and Metals. On the ECN Advanced account, FXCC has 200+ markets, including Indices.
  • ThinkMarkets offers 1000+ covering Forex, Metals, Indices, Energy, Cryptocurencies, Soft Commodities and Shares.

Spreads and leverage

Both brokers can offer low Forex spreads plus a commission charge. FXCC can additionally offer low ECN Forex spreads without a commission charge. ThinkMarkets can additionally provide Forex spreads from 0.4 without a commission charge.

Maximum leverage for FXCC is . Maximum leverage for ThinkMarkets (FCA regulated) is .

Commissions

  • FXCC's ECN XL account does not charge commissions.
  • FXCC's ECN Standard account charges commissions of 0.75 pips per lot per side for Forex and $7.5 per lot per side for Metals.
  • FXCC's ECN Advanced account charges commissions of 0.4 pips per lot per side for Forex and $4 per lot per side for Metals, Energy and Indices.
  • ThinkMarkets charges a commission of $3.5 per lot per side for the ThinkZero account.

Online trading platforms

Both brokers provide MT4, available for desktop, tablet and mobile. ThinkMarkets additionally offers MT5 and Trade Interceptor, also available for desktop, tablet and mobile. Both brokers provide micro lot trading.

Why FXCC or ThinkMarkets ?

For traders who want MT4 ECN trading, FXCC offers a range of account types, including an account which offers ECN calibre spreads, without a commission charge. Traders who want to trade on MT5, the successor to MT4, can find this platform at ThinkMarkets. ThinkMarkets can provide trading with a commission charge and trading without (including tight CFD and spread betting spreads). In addition, ThinkMarkets offers Trade Interceptor which is a user friendly platform for traders who make their own trading decisions (vs using trading robots). Both brokers support the use of automated trading strategies on MT4 and additionally on MT5 at ThinkMarkets.

Comparison summary

  • Both brokers provide CFD trading
  • In the UK, ThinkMarkets additionally provides MT4 and MT5 spread betting
  • Both offer MT4
  • ThinkMarkets additionally provides MT5
  • Each allows Expert Advisors (EAs)
  • ThinkMarkets additionally provides Trade Interceptor
  • FXCC has an ECN account with no mark-up or commission charge

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