FXCC vs ThinkMarkets Comparison

FXCC vs ThinkMarkets Broker Comparison

FXCC versus ThinkMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT425+CySEC
NoneMT4, Trade Interceptor200+FCA, ASIC

FXCC and ThinkMarkets Comparison

These brokers each offer MT4 trading. 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 account can provide tight spreads, without a commission charge.

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

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

Quick comparison

Both offer ECN trading on 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.

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. The ThinkZero account also provides Autochartist and an account manager.

Account currencies

FXCC accounts are available in GBP, USD and EUR. ThinkMarkets accounts are available in GBP, USD, EUR, AUD and CHF.

Markets

  • On the ECN Standard and the ECN XL account, FXCC offers 30, covering Forex and Precious Metals. On the ECN Advanced account, FXCC has 200+ markets.
  • ThinkMarkets offers 200+ covering Forex pairs, Indices, Metals, Energy, Cryptocurencies and Shares.

Spreads and leverage

  • Spreads at FXCC are variable and are from 0.1 for EUR/USD (with a typical range under normal market conditions of 0.2-0.6) and around 0.25 for Gold.
  • 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.

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.

Platforms

Both brokers provide MT4, available for desktop, tablet and mobile. ThinkMarkets additionally offers 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. 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.

Comparison summary

  • ThinkMarkets offers tight variable spread betting and CFD trading
  • ThinkMarkets also provides ECN spreads with a commission charge
  • FXCC offers ECN spreads with a commission charge
  • FXCC also offers ECN trading with no commission charge
  • ThinkMarkets has more markets to trade
  • ThinkMarkets has a higher minimum deposit for ECN trading
  • ThinkMarkets has no minimum deposit for its Standard account
  • Both offer MT4
  • ThinkMarkets also has Trade Interceptor
  • In the UK, ThinkMarkets can offer spread betting on MT4

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