ThinkMarkets vs. Trade360 Broker Comparison

ThinkMarkets vs Trade360 Broker Comparison

ThinkMarkets versus Trade360 Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
NoneMT5, MT4, Trade Interceptor1000+FCA, ASIC, FSCA
$500MT5, ParagonEx450+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 5 (MT5) as well. Additionally, ThinkMarkets provides MetaTrader 4 (MT4).

Both of these brokers offer CFD trading. However in the UK, ThinkMarkets additionally provides MT4 and MT5 spread betting.

ThinkMarkets is regulated by the FCA in the United Kingdom and by the ASIC in Australia and is licensed by the FSCA in South Africa. 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. ThinkMarkets additionally offers MT5.

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, 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.
  • 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 StandardMT5 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. MT5 is available for all account types except the Mini account. The Gold, Platinum, Islamic and VIP accounts offer additionally personal push and SMS notifications and exclusive market updates. Trade360 offers Trading Central.

Markets

  • ThinkMarkets offers Forex, Indices, Commodities, Stocks and Cryptocurrencies, with 1000+ available.
  • Trade360 offers Forex, Indices, Commodities, Stocks and ETFs, with 450+ available.

Cryptocurrency CFDs

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

Leverage and spreads

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

ThinkMarkets offers Forex spread from 0.4 (variable) without a commission charge, while Trade360 provides Forex spreads from 1.6 (fixed) without a commission charge. ThinkMarkets can additionally offer Forex spreads from 0 (variable) plus a commission charge.

Online trading platforms

Both brokers offer user friendly web traders and MT5. ThinkMarkets additionally provides MT4. Both offer mobile apps.

Why ThinkMarkets or Trade360 ?

Traders who want to trade on MetaTrader 5 (MT5) may do so at either broker. Traders who want to trade on MT4 may do so at ThinkMarkets. Those who want to trade on a user friendly platform can find one at either broker. Those who want to trade with crowd trading information in a news feed can do this at Trade360 (on ParagonEx).

Comparison summary

  • Both brokers provide CFD trading
  • In the UK, ThinkMarkets also offers MT4 and MT5 spread betting
  • Trade360 provides ParagonEx with a crowd trading news feed
  • ThinkMarkets offers Trade Interceptor
  • Both provide MT5
  • ThinkMarkets additionally offers MT4

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