Spread Co vs. ThinkMarkets Broker Comparison

Spread Co vs. ThinkMarkets Broker Comparison

Spread Co versus ThinkMarkets
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
£250Web Trader & Apps1500+FCA
NoneTrade Interceptor & Apps, MT4200+FCA, ASIC

Spread Co and ThinkMarkets Comparison

Both Spread Co and ThinkMarkets are FCA regulated brokers offering Spread Betting and CFD trading. ThinkMarkets is additionally regulated by the ASIC in Australia. Spread Co delivers low fixed spreads, while ThinkMarkets delivers low variable spreads without commissions and very low spreads with commissions.

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. ThinkMarkets also provides Trade Interceptor. Spread Co has more markets, ThinkMarkets provides ECN MT4 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. The ThinkZero account also provides Autochartist and an account manager.

Markets

  • Spread Co offers Forex, Commodities, Indices, Shares, Bitcoin Futures, ETFs and ADRs.
  • ThinkMarkets offers Forex, Commodities, Indices, Shares and Cryptocurrencies.

Spread Co offers considerably more individual markets than ThinkMarkets, as Spread Co makes available 1500+ and Thinkmarkets makes available 200+.

Cryptocurrency CFDs

  • Spread Co offers Bitcoin Futures.
  • ThinkMarkets offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Bitcoin Gold, Dash, Monero, ETP, Iota, NEO, OmiseGO, and Zcash (this is the total offering including CFD trading and spread betting).

Platform

Spread Co provides Candlestick, OHLC, Line, Area, Bar, Spline, Steep Line, Spline Area, Steep Line Area and Range Bar charts and 22 technical indicators on its web trader, ThinkMarkets provides Candlesticks, Bar Chart, Line Chart, Heikin Ashi, HLC Chart, HL Chart, Mountain, Candlevolume, Equivolume, Renko, Point & Figure and Kagi charts and 90+ technical indicators on Trade Interceptor. Spread Co does not offer MT4, ThinkMarkets does.

While Spread Co offers news on their website, it does not offer a newsfeed on its platform. ThinkMarkets offers a news feed.

Spread Co's platform contains lists of markets with charting available. ThinkMarkets has a platform which has markets lists and the chart.

Spreads and leverage

  • On its spread betting platform, Spread Co offers fixed spreads of 0.8 for EUR/USD and UK100, 0.4 for Gold and 0.05 for US Crude Oil. Spread Co's spreads can change with higher order sizes and outside of market hours.
  • On Spread Co's CFD platform spreads are fixed, at 1.5 for EUR/USD, 1 for UK100, 0.4 for Gold and 0.04 for US Crude Oil.
  • Spreads on ThinkMarkets can vary with account type and types of trading. Spread betting Standard spreads are variable and 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 Spread Co is . Maximum leverage for ThinkMarkets (FCA regulated) is .

Comparison summary

  • Spread Co offers fixed spreads for both CFDs and spread betting
  • ThinkMarkets offers variable spreads for CFDs and spread betting
  • ThinkMarkets offers low variable spreads and also, with its ThinkZero account, Forex spreads from 0, plus commission
  • Spread Co offers low fixed spread betting spreads and competitive fixed CFD spreads
  • ThinkMarkets has low variable spread betting spreads (on MT4)
  • Spread Co provides a web trader and apps
  • ThinkMarkets offers MT4 and Trade Interceptor

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