ThinkMarkets vs. UFX Broker Comparison

ThinkMarkets vs. UFX Broker Comparison

ThinkMarkets versus UFX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
NoneMT4, MT5, Trade Interceptor1000+FCA, ASIC, FSCA
$100MT5, ParagonEx450+CySEC

ThinkMarkets and UFX Comparison

The brokers both offer user friendly web traders for traders who execute their own trades. UFX offers a crowd trading news feed on its platform. This shows the sentiments and actions of other traders, referenced to news events.

Both brokers also offer MetaTrader 5 (MT5), while ThinkMarkets additionally provides MetaTrader 4 (MT4), both platforms allowing the trader to use automated trading with EAs.

While each offers CFD trading, in the UK ThinkMarkets additionally provides MT4 and MT5 spread betting.

ThinkMarkets is regulated by the FCA in the United Kingdom and the ASIC in Australia and is licensed by the FSCA in South Africa. UFX is regulated by the CySEC in Cyprus.

Quick comparison

Both offer web traders and apps. Each also provides MT5. ThinkMarkets provides as well MT4. In the UK ThinkMarkets offers spread betting on MT4 and MT5. UFX provides a crowd trading news feed on ParagonEx.

Minimum deposit and account types

There is no minimum deposit for ThinkMarkets's Standard account, but there is a minimum deposit of $500 for the ThinkZero account. The minimum deposit for UFX is $100.

  • ThinkMarkets offers both CFD trading and spread betting. It offers 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. The minimum trade size is 0.01 lots.
  • 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.
  • UFX provides six account types, Micro/Mini, Mini, Standard, Gold, Platinum and Islamic. The minimum initial deposit is $100 for the Micro/Mini account, $500 for the Mini account, $1000 for the Islamic and Standard accounts, $5000 for the Gold account and $10,000 for the Platinum account. The minimum trade size ranges from 0.0025 lots for the Micro/Mini account to 1 lot for the Platinum account.
  • All UFX account types offer daily market reviews, a video library, daily recommendations and 24hr live support. Mini, Standard, Gold and Platinum accounts also have VIP trading support. Standard, Gold and Platinum additionally receive exclusive updates. Gold and Platinum also have access to MT5. Trading Central is available for traders who deposit at least $1000 into their account.

Markets

  • ThinkMarkets offers Forex, Indices, Energy, Stocks, Metals, Soft Commodities and Cryptocurrencies, with 200+ on offer.
  • UFX offers Forex, Indices, Energy, Stocks, Precious Metals, Soft Commodities and ETFs, with 450+ on offer.

Cryptocurrency CFDs

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

Spreads and leverage

ThinkMarkets can offer Forex spreads from 0.4 (variable) without a commission charge, while UFX can offer Forex spreads from 2 (fixed) without a commission charge. ThinkMarkets can additionally provide Forex spreads from 0 with a commission charge.

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

Online trading platforms

Both brokers offer MT5 and user friendly web traders. ThnkMarkets additionally provides MT4. Each offers mobile apps.

Why ThinkMarkets or UFX ?

Traders who want to trade on MetaTrader 5 (MT5) can do so at either broker (though ThinkMarkets has a lower minimum deposit to use this platform). Those who want to trade on MetaTrader 4 (MT4) can do so at ThinkMarkets. Traders who want to use a user friendly web trader can find one at either broker. UFX's web trader (ParagonEx) has a crowd trading news feed, aiming to help the trader with information about the actions and sentiments of the crowd of other traders. Traders in the UK who want spread betting can do so at ThinkMarkets on MT4 and MT5.

Comparison summary

  • Both brokers offer CFD trading
  • In the UK, ThinkMarkets additionally provides MT4 and MT5 spread betting
  • Both brokers offer user friendly web traders
  • Each offers MT5
  • ThinkMarkets additionally provides MT4
  • UFX provides a crowd trading news need on platform
  • ThinkMarkets has a lower minimum deposit (none)
  • UFX offers very small trade sizes on its Micro account

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