FXTM vs. ThinkMarkets Broker Comparison

FXTM vs. ThinkMarkets Broker Comparison

FXTM versus ThinkMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$10MT4, MT5250+FCA, CySEC, FSCA, FSC
NoneMT4, MT5, Trade Interceptor1000+FCA, ASIC, FSCA

FXTM and ThinkMarkets Comparison

FXTM provides a Cent account with a very low minimum deposit. ThinkMarkets has a Standard account with no minimum deposit. Each offers MT4 and MT5. However ThinkMarkets provides Trade Interceptor for its Standard account, along with MT4 and MT5.

While each offers CFD trading, in the UK ThinkMarkets can also provide spread betting on MT4 and MT5. Both brokers offer trading accounts which can low Forex spreads plus a commission charge, for a higher minimum deposit and allow the use of Expert Advisors (MetaTrader trading robots).

Both brokers are regulated by the FCA in the United Kingdom and licensed by the FSCA in South Africa. ThinkMarkets is additionally regulated by the ASIC in Australia. FXTM is additionally regulated by the FSC in Mauritius.

Quick comparison

Both brokers offer MT4 and MT5. ThknkMarkets also provides user ThinkMarkets and has more markets to trade overall.

Minimum deposit and account types

The minimum deposit for FXTM is $10 and for ECN trading $200. ThinkMarkets does not have a minimum deposit for its Standard account and for its ThinkZero account has a minimum deposit of $500.

  • FXTM offers three Standard account types: Standard, Cent and Shares and three ECN accounts: ECN, ECN Zero and Pro. The minimum deposit for the Cent account is $/€/£10, for the Standard and Shares accounts $/€/£100, for the ECN Zero account $/€/£200, for the ECN account $/€/£500 and for the Pro account the minimum deposit and minimum account balance is $/€/£25,000. The Pro account offers spreads from 0 without a commission charge. FXTM offers Market Analysis and Education on its website. Copy Trading is available via FXTM Invest. The minimum trade size is 0.0001 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. The minimum trade size is 0.01 lots.
  • 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

  • FXTM offers Forex, Metals, Energy, Indices and Stocks, with 250+ available.
  • ThinkMarkets offers Forex, Metals, Energy, Indices, Stocks, Soft Commodities and Cryptocurrencies, with 1000+ available.

Spreads and leverage

Both brokers can provide low spreads plus a commission charge. FXTM can additionally offer Forex spreads from 1.3 without a commission charge, while ThinkMarkets can provide Forex spreads from 0.4 without a commission charge.

Maximum leverage at FXTM (FCA or CySEC regulated) is . Maximum leverage for ThinkMarkets (FCA regulated) is .

Commissions

  • FXTM charges a commission starting at $2 per lot per side, depending on the equity in the account and the volume traded. Commission is charged on the ECN account.
  • ThinkMarkets does not charge a commission on the Standard account and charges a commission of $3.5 per lot per side for the ThinkZero account.

Online trading platforms

Both brokers offer MT4 and MT5. ThinkMarkets additionally provides Trade Interceptor.

Why FXTM or ThinkMarkets ?

Traders who want to trade on MetaTrader 4 (MT4) and MetaTrader 5 (MT5) can find these platforms at both brokers. Traders can trade with low spreads plus a commission charge at either broker. Traders who want to trade on a user friendly platform for traders who execute their own trades, can find Trade Interceptor at ThinkMarkets. Traders who want to trade with very low trade sizes can find a Cent account at FXTM.

Comparison summary

  • Both brokers provide CFD trading
  • In the UK, ThinkMarkets additionally offers spread betting
  • Each provides MT4 and MT5
  • ThinkMarkets additionally offers Trade Interceptor
  • ThinkMarkets has no minimum deposit for its Standard account
  • FXTM has a very low minimum deposit and offers lower minimum trade sizes

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