ThinkMarkets vs. XM Broker Comparison

ThinkMarkets vs XM Broker Comparison

ThinkMarkets versus XM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
NoneMT4, MT5, Trade Interceptor1000+FCA, ASIC, FSCA
$5MT4, MT51000+ASIC, CySEC, IFSC

ThinkMarkets and XM Comparison

These brokers both offer MT4 and MT5 CFD trading. However in the UK ThinkMarkets can also provide spread betting on MT4 and MT5. Each has a similar, relatively large number of markets to trade on MT5 (1000+).

ThinkMarkets provides the Trade Interceptor platform in addition to MT4 and MT5. This is a user friendly platform designed for traders who make their own trading decisions. MT4 and MT5, while they support automated trading strategies, can also be used by traders who make their own trading decisions.

XM has a very low minimum deposit of $5, while ThinkMarkets does not have a minimum deposit requirement. Each broker has an account which can offer low Forex spreads plus a commission charge, with a higher minimum deposit.

Both brokers are regulated by the ASIC in Australia. ThinkMarkets is additionally regulated by the FCA in the United Kingdom and is licensed by the FSCA in South Africa. XM is additionally regulated by the CySEC in Cyprus and the IFSC in Belize.

Quick summary

ThinkMarkets and XM both offer MT4 and MT5. ThinkMarkets also offers Trade Interceptor.

XM Zero vs ThinkZero

Both brokers offers accounts which can provide for the most liquid Forex pairs, variable spreads from 0 plus a commission charge. The commission charge for both brokers is $3.5 per lot per side. A difference is that the minimum deposit for the XM Zero account is $100, while the minimum deposit for the ThinkZero account is $500. This kind of account can be suitable to automated trading strategies (robots) and strategies such as scalping and EAs (MT4 and MT5 robots) are allowed.

Minimum deposit and account types

There is no minimum deposit for ThinkMarkets's Standard account and a minimum deposit of $/£500 for its ThinkZero account. The minimum deposit for XM is $/£5 and the minimum deposit for its XM Zero account is $/£100. Both brokers offer Islamic accounts.

  • 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, the ThinkZero account does charge a commission.
  • ThinkMarkets account types provide 24/6 Live Support and VPS Service. A free VPS is available for clients who trade a minimum of 15 lots of Forex round turn per calendar month, T&Cs apply. The ThinkZero account also offers AutoChartist and an account manager. Market News and Webinars are available from the website.
  • XM offers three account types, a Micro and a Standard account, both with minimum deposits of $5 and the XM Zero account, with a minimum deposit of $100. An Islamic account is available for each of these account types. The Micro and Standard accounts do not charge commissions, the XM Zero account does charge commissions.
  • XM offers a personal account manager, video tutorials, daily technical analysis, Forex market research and daily Forex signals, market outlook and webinars. XM offers free VPS for clients who have a minimum balance of $5000 in their account, T&Cs apply. For clients who do not meet the conditions for a free VPS, it is available for a monthly fee of $28.

Markets

  • ThinkMarkets offers Forex, Metals, Indices, Energy, Cryptocurrencies, Soft Commodities and Stocks, with 1000+ available.
  • XM offers Forex, Metals, Indices, Energy, Cryptocurrencies, Soft Commodities and Stocks, with 1000+ available.

Cryptocurrency CFDs

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

Spreads and leverage

Both brokers can offer low Forex spreads from 0 plus a commission charge. ThinkMarkets can additionally offer Forex spreads from 0.4 without a commission charge, while XM can provide Forex spreads from 0.6 without a commisison charge.

Maximum leverage for ThinkMarkets (FCA regulated) is . Maximum leverage for XM (CySEC regulated) is .

Commissions

  • ThinkMarkets charges a commission of $3.5 per lot per side for the ThinkZero account, otherwise it does not charge commissions.
  • XM charges a commission of $3.5 per lot per side for the XM Zero account, otherwise it does not charge commissions.

Online trading platforms

ThinkMarkets offers MT4, MT5 and the Trade Interceptor platforms, which are available for desktop, tablet and mobile.

XM provides the MT4 and MT5 trading platforms which are available on desktop, mobile and tablet.

Both brokers offer micro lot trading on all accounts, though XM's Micro account can provide smaller trade sizes than this.

Why ThinkMarkets or XM ?

Traders who want to trade on MT4 and MT5 can do so at either broker. Those who want to trade a larger number of markets can do so on MT5 at either broker as well. Traders who want to trade on a user friendly platform can find Trade Interceptor at ThinkMarkets. Those who want to trade with low minimum trade sizes can a Micro (cent) account at XM. MT4 and MT5 spread betting is available for UK traders on MT4 and MT5 at ThinkMarkets.

Comparison summary

  • Both brokers provide CFD trading
  • In the UK, ThinkMarkets can additionally offer MT4 and MT5 spread betting
  • Both provide MT4 and MT5
  • ThinkMarkets additionally offers Trade Interceptor
  • Both support automated trading with EAs
  • XM lets the trader trade with low minimum trade sizes

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