Spread Co vs. ThinkMarkets Broker Comparison

Spread Co vs. ThinkMarkets Broker Comparison

Spread Co versus ThinkMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
£250Saturn1500+FCA
NoneTrade Interceptor, MT4, MT51000+FCA, ASIC, FSCA

Spread Co and ThinkMarkets Comparison

Both of these brokers provide in the UK both CFD and spread betting trading accounts (elsewhere they each offer CFD trading). Spread Co can offer low fixed spreads (including fixed spreads from 0), while ThinkMarkets can offer low variable spreads without commissions and very low spreads with commissions (from 0), depending on the account.

Both brokers offer web traders and apps. ThinkMarkets provides MT4 and its successor MT5 as well. This means that brokers can trade with automated trading strategies (robots) at ThinkMarkets.

Spread Co is regulated by the FCA in the United Kingdom. ThinkMarkets is regulated by the FCA in the United Kingdom and the ASIC in Australia and is licensed by the FSCA in South Africa.

Quick comparison

Both offer spread betting in the UK and CFD trading. Spread Co offers this on its web trader and apps, ThinkMarkets on MT4 and MT5. ThinkMarkets also provides Trade Interceptor for CFD trading.

Minimum deposit and account types

The minimum recommended deposit for Spread Co is £200 for spread betting and £250 for CFD trading. There is no minimum deposit for ThinkMarkets's Standard account, but there is a minimum deposit of $500 for the ThinkZero account.

Resident of most countries can open accounts with both brokers, however there are some restrictions and neither broker can open accounts for residents of the USA.

  • Spread Co has three spread betting account types: Spread Free, Spread Free Bronze and Standard. It also has a CFD trading account. Spread Free and Spread Free Bronze offers zero spreads on some markets, T&Cs apply. Spread Free Bronze charges a fee and has less restrictions. Spread Co provides news and analysis on its website and a relationship manager for all account holders.
  • 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, 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

  • Spread Co offers Forex, Commodities, Indices, Shares, Cryptocurrencies, Soft Commodities, ETFs and ADRs, with 1500+ available.
  • ThinkMarkets offers Forex, Commodities, Indices, Shares and Cryptocurrencies, with 1000+ available.

Cryptocurrency CFDs

  • Spread Co offers Bitcoin Futures.
  • ThinkMarkets offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash.

Online trading platforms

Both brokers provide web traders. ThinkMarkets additionally offers MT4 and MT5. Both have mobile apps.

Spreads and leverage

Spread Co can offer Forex spreads from 0 (fixed) without a commission charge, while ThinkMarkets can provide Forex Spreads from 0.4 (variable) without a commission charge. ThinkMarkets can additionally offer Forex spreads from 0 (variable) plus a commission charge.

Maximum leverage for Spread Co is . Maximum leverage for ThinkMarkets (FCA regulated) is .

Why Spread Co or ThinkMarkets ?

Traders who wish to trade on a web trader and apps designed for the trader who executes their own trades can do so at either broker. Those who want to trade on MT4 and its successor MT5 can do so at ThinkMarkets. Traders can trade CFD at either brokers on all their platforms. In the UK, spread betting is available on Spread Co's Saturn platform and on MT4 and MT5 at ThinkMarkets. At Spread Co, spread betting spreads are available from 0 fixed. At ThinkMarkets, CFD trading spreads are available from 0 variable plus a commission charge on its ThinkZero account.

Comparison summary

  • Both brokers provide CFD trading
  • In the UK, both brokers additionally offer spread betting
  • Each provides web traders and apps
  • ThinkMarkets additionally offers MT4 and MT5
  • Spread Co offers spread betting spreads from 0 fixed

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