FXGiants vs ThinkMarkets - Online Brokerage Comparison

FXGiants vs ThinkMarkets Broker Comparison

FXGiants versus ThinkMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4200+FCA, ASIC
NoneMT4, Trade Interceptor200+FCA, ASIC

FXGiants and ThinkMarkets Comparison

FXGiants has a range of account types, divided into those which offers instant execution and those which offer market execution. ThinkMarkets has a Standard account, which does not charge commissions and two accounts which do. Some of FXGiants's accounts charge commissions, some do not. Both brokers provide MT4, but ThinkMarkets offers this for its ThinkZero account (which charges commissions). For its Standard account, ThinkMarkets provides Trade Interceptor and MT4.

Both offer a similar number of markets and have a range of Cryptocurrency CFDs. ThinkMarkets, in addition to CFD trading, offers spread betting on MT4. For its ThinkZero accounts, ThinkMarkets has a higher minimum deposit, but has no minimum deposit requirement for its Standard account. These brokers are regulated by the FCA in the United Kingdom and by the ASIC in Australia.

Quick comparison

Both offer MT4 trading and a range of other account types. ThinkMarkets also has the Trade Interceptor platform. In the UK ThinkMarkets offers spread betting on MT4, as well as CFD trading.

Minimum deposit and account types

The minimum deposit for FXGiants is $100 and for its STP/ECN accounts is $500. ThinkMarkets does not have a minimum deposit for its Standard account and for its ThinkZero account has a minimum deposit of $500.

  • FXGiants offers five account types, the Micro account, the Premium account, the 0 Fixed Spread account, the STP/ECN No Commission account and the STP/ECN 0 Spread account. Only the STP/ECN accounts provide market execution, the others are instant execution. The Micro and Premium accounts have two types, Live Fixed or Live Floating Spread. The 0 Fixed Spread account offers fixed spreads from 0 plus a commission charge. The STP/ECN 0 Spread account offers variable ECN spreads from 0, with a commission charge. FXGiants provides economic news and an economic calendar on its website.
  • The minimum deposit for FXGiants's Micro account is $100, the minimum deposit for the Premium account is $2,500, the minimum deposit for the 0 Fixed Spread, STP/ECN No Commission and STP/ECN 0 Spread accounts is $500. FXGiants allows scalping and EAs. FXGiants provides economic news and an economic calendar on its website. All accounts have a minimum trade size of 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

  • FXGiants provides 200+ covering Forex, Indices, Energy, Metals, Shares, Cryptocurrencies and Soft Commodities (with both Spot and Futures FX and Indices products).
  • ThinkMarkets offers 200+ covering Forex, Indices, Energy, Metals, Shares and Cryptocurrencies.

Cryptocurrency CFDs

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

Spreads and leverage

  • On FXGiants's non-ECN Micro account, it offers fixed spreads under normal market conditions of 2.2 for EUR/USD, on its non-ECN Premium account it provides fixed spreads of 1.8 for EUR/USD. FXGiants provides fixed spreads from 0 (for EUR/USD) on its 0 Fixed Spread account.
  • STP/ECN account spreads at FXGiants are variable and are from 1.7 for EUR/USD on the STP/ECN No Commission account and 0.0 on the STP/ECN 0 spread account, and from around 1 for UK100, 0.50 for Gold on the STP/ECN No Commission account and 0.15 for Gold on the STP/ECN 0 Spread account, and 0.04 for US Crude 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.

Maximum leverage for FXGiants (FCA regulated) is . Maximum leverage for FXGiants (ASIC regulated) is 500:1. Maximum leverage for ThinkMarkets (FCA regulated) is . Maximum leverage for ThinkMarkets (ASIC regulated) is 500:1.

Commissions

  • FXGiants charges a commission of $13 per lot round trip for its ECN Zero account and does not charge a commission for its ECN No Commission account.
  • ThinkMarkets does not charge a commission on the Standard account and charges a commission of $3.5 per lot per side for its ThinkZero account.

Platforms

Both brokers offer MT4. ThinkMarkets additionally offers Trade Interceptor. Trade Interceptor is available for the Standard account and MT4 is available for all account types (including spread betting). These platforms are available for desktop, tablet and mobile.

Why FXGiants or ThinkMarkets ?

For trader who wish to use the MT4 trading platform for either automated or non-automated trading, then both brokers allow these styles of trading. ThinkMarkets additionally provides Trade Interceptor, for traders who do not use automated trading with robots.

Comparison summary

  • Both brokers offer a range of account types, including ECN trading
  • Each offers MT4
  • ThinkMarkets has no minimum deposit for its Standard account
  • ECN trading at ThinkMarkets requires a higher minimum deposit
  • ThinkMarkets offers Standard accounts on MT4 and Trade Interceptor
  • FXGiants has all its account types on MT4
  • ThinkMarkets also provides spread betting in the UK on MT4

Search this site

Translate