Pepperstone vs. ThinkMarkets Broker Comparison

Pepperstone vs. ThinkMarkets Broker Comparison

Pepperstone versus ThinkMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200MT4, MT5, cTrader150+FCA, ASIC
NoneMT4, MT5, Trade Interceptor1000+FCA, ASIC, FSCA

Pepperstone and ThinkMarkets Comparison

Both of these brokers offer trading on MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Pepperstone additionally provides cTrader, while ThinkMarkets additionally offers Trade Interceptor.

On MT5, ThinkMarkets can offer more markets to trade (1000+ vs 150+), but both have a similar range of market to trade.

These brokers each allow scalping, hedging and EAs and use Equinix infrastructure for high speed order processing.

Pepperstone and ThinkMarkets are both regulated by the FCA in the United Kingdom and by the ASIC in Australia. ThinkMarkets is additionally licensed by the FSCA in South Africa.

Quick comparison

Both offer MT4 and MT5. Pepperstone additionally provides cTrader, while ThinkMarkets has Trade Interceptor. ThinkMarkets has no minimum deposit and more markets to trade.

Minimum deposit and account types

The minimum deposit for Pepperstone is $200 or AU$200 or £200. There is no minimum deposit for ThinkMarkets's Standard account and a minimum deposit of $500 for ThinkMarkets's ThinkZero account.

  • Pepperstone offers four account types. These are Standard, Razor, Islamic (Swap Free) and Active Traders. Pepperstone provides trading guides, a market review and an economic calendar its website. Pepperstone uses Equinix NY4 and LD4 Data Centres.
  • Pepperstone's Standard and Islamic accounts do not charge commissions and hence offer higher spreads as they include a mark up. The Razor account charges commissions and allows scalping.
  • Pepperstone's Active Traders account is for active traders and institutions depositing at least $25,000 and trading at least 250 lots a month. It offers EDGE ECN Execution, a dedicated relationship manager, a segregated customer account, advanced reporting, VPS hosting services and custom solutions.
  • 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, the 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. Market News and Webinars are available from the website.

Markets

  • Pepperstone offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, with 150+ available.
  • ThinkMarkets offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, with 1000+ available.

Cryptocurrency CFDs

  • Pepperstone provides Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple and Dash.
  • ThinkMarkets provides Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple.

Spreads and leverage

Both brokers can offer low spreads from 0 plus a commission charge. Pepperstone can additionally provide Forex spreads from 1 without a commission charge, while ThinkMarkets can offer Forex spreads from 0.4 without a commission charge.

Maximum leverage at Pepperstone (FCA regulated) is . Maximum leverage at ThinkMarkets (FCA regulated) is .

Commissions

  • Pepperstone charges a commission of $3.76 or AU$3.5 or €2.61 per lot per side on the Razor account, depending on the account currency. cTrader commissions are 7 units per lot round trip of the first quoted currency in the traded currency.
  • 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

Pepperstone provides MT4 and MT5. MT4 and MT5 are available for desktop, mobile and tablets. Pepperstone also offers cTrader for desktop, as a web trader and on mobile.

ThinkMarkets offers MT4, MT5 and Trade Interceptor, which are available for desktop, tablet and mobile. Trade Interceptor is available for the Standard account and MT4 and MT5 are available for all account types (including spread betting).

Both of these brokers offer micro lot trading.

Why Pepperstone or ThinkMarkets ?

Both brokers offer accounts which can have low Forex spreads plus a commission charge and use Equinix infrastructure for rapid order processing. Each supports automated trading, including EAs. Traders who want to trade on a user friendly platform designed for traders who execute their own traders can find Trade Interceptor at ThinkMarkets. cTrader at Pepperstone is arguably a user friendly platform as well. Traders who want the power of MT4 and MT5 can find these platforms at either broker broker. On MT5, ThinkMarkets has considerably more markets to trade. UK traders who want to spread bet on MT4 or MT5, can do so at ThinkMarkets.

Comparison summary

  • Both brokers provide CFD trading on all platforms
  • In the UK, ThinkMarkets additionally provides MT4 and MT5 spread betting
  • Each offers MT4 and MT5
  • Pepperstone additionally provides cTrader
  • ThinkMarkets additionally offers Trade Interceptor
  • ThinkMarkets has no minimum deposit for its Standard accounts
  • Pepperstone has a lower minimum deposit compared with ThinkMarkets's ThinkZero account
  • ThinkMarkets offers more markets to trade overall, on MT5

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