ThinkMarkets vs. Trade360 Broker Comparison

ThinkMarkets vs Trade360 Broker Comparison

ThinkMarkets versus Trade360 Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
NoneMT4, Trade Interceptor200+FCA, ASIC
$500MT4, ParagonEx120+CySEC

ThinkMarkets and Trade360 Comparison

Both of these brokers offer user friendly web traders and apps. ThinkMarkets provides Trade Interceptor and Trade360 offers ParagonEx. ParagonEx has a crowd trading news feed which shows the aggregated behavior of traders with regard to market news. These brokers each offer MetaTrader 4 (MT4) as well.

Both of these brokers offer CFD trading. However in the UK, ThinkMarkets additionally provides MT4 spread betting.

ThinkMarkets is regulated by the FCA in the United Kingdom and by the ASIC in Australia. Trade360 is regulated by the CySEC in Cyprus.

Quick comparison

Both offer web traders: Trade Interceptor in the case of ThinkMarkets and ParagonEx (with a crowd trading news feed) in the case of Trade360. Both provide MT4.

Account types and minimum deposit

The minimum deposit for Trade360 is $500. There is no minimum deposit for ThinkMarkets's Standard account, but there is a minimum deposit of $500 for the ThinkZero account.

  • 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.
  • Trade360 offers six account types. The minimum deposit for the Mini Account is $500, the minimum deposit for the Standard360 account is $1000 (the minimum deposit for StandardMT4 is $500), the minimum deposit for the Gold account is $5000, the minimum deposit for the Platinum and Islamic360 accounts is $10,000 and the minimum deposit for the VIP account is $50,000.
  • All Trade360 account types offer the Live CrowdTrading Feed, trading signals, 24/5 Live Chat and Whatsapp Support. MT4 is available for all accounts except the Mini account. The Gold, Platinum and VIP accounts offer additionally personal push and SMS Notifications, exclusive market updates and SMS trading signals.

Markets

  • ThinkMarkets offers Forex, Indices, Commodities, Stocks and Cryptocurrencies.
  • Trade360 offers Forex, Indices, Commodities, Stocks and ETFs.

ThinkMarkets offers 200+ products to trade, Trade360 offers 120+.

Cryptocurrency CFDs

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

Leverage and spreads

Maximum leverage for ThinkMarkets (FCA regulated) is . Maximum leverage for Trade360 is .

  • 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.
  • Trade360's spreads are fixed, from 1.8 for EUR/USD, 0.45 for Gold and 0.05 for US Crude Oil.

Platform

ThinkMarkets offers Trade Interceptor and MT4. Trade360 provides ParagonEx and MT4.

ThinkMarkets offers micro lot trading, Trade360 offers trading down to half a mini lot. Both brokers offer MT4 trading.

ThinkMarkets provides a news feed on the Trade Interceptor platform and Trade360 offers the Live CrowdTrading Feed on ParagonEx which aims to show alignment of the behavior of other traders with market events, on its platform.

Comparison summary

  • Both brokers offer CFD trading
  • In the UK, ThinkMarkets also offers MT4 spread betting
  • Trade360 provides ParagonEx with a crowd trading news feed
  • ThinkMarkets offers Trade Interceptor
  • Both provide MT4

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