Broker to Trading

ThinkMarkets offers MetaTrader 4 (MT4) and its successor platform MetaTrader 5 (MT5). ThinkMarkets has a range of account types, including its ThinkZero account which offers spreads from 0, plus a commission charge. ThinkMarkets also provides user friendly ThinkTrader, for the trader who plans and executes their own trades. Deriv provides a platform which offers access to a range of trading platforms, in an intuitive layout. Deriv does include MT5, which has an account for STP trading. It also offers user friendly Deriv X which like MT5 supports CFD trading. Its other platform are not for margin trading, but have different ways to trade.

With ThinkMarkets the trader finds accounts geared towards types of margin trading, while with Deriv, the trader finds a platform suite which encompasses different ways to trade markets, including 24/7 trading of simulated markets.

Quick comparison

Deriv provides a suite of platform including MT5, cTrader and user friendly Deriv X. ThinkMarkets offers MT4, MT5 and Think Trader, with 1000+ markets to trade.

Minimum deposit and key account features

The minimum deposit for Deriv is $5. There is no minimum deposit for ThinkMarkets.

Deriv offers a range of platforms and account types packaged into one platform, including a Swap-Free account. On its user friendly platform Deriv X it offers features such as a Trading Journal. Copy trading is supported via MQL5 Signals and cTrader Copy. While this page focuses on leveraged CFD trading, Deriv does provide other types of trading, including multipliers. Some products may not be available in some countries.
ThinkMarkets offers both CFD trading and spread betting. It provides the Standard account and the ThinkZero account. An Islamic account is available. ThinkMarkets utilises Equinix data centers for all account types, namely LD4 (London) and HK4 (Hong Kong). 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. EAs and scalping are allowed. The minimum trade size is 0.01 standard 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. Market News and Webinars are available from the website.

Markets to trade

Deriv offers Forex, Metals, Indices, Energy, Cryptocurrencies, Stocks, ETFs and Options, with 100+ available.
ThinkMarkets provides Forex, Metals, Indices, Energy, Cryptocurrencies, Stocks and Soft Commodities, with 3500+ available.

Commissions

• Deriv does not charge commissions for Forex and Metals.
• ThinkMarkets does not charge a commission on the Standard account and charges a commission of $3.5 per lot per side for its ThinkZero account.

Leverage

Maximum leverage for Deriv (MFSA regulated) is . Maximum leverage for Deriv (VFSC, BVIFSC, LFSA regulated) is 1000:1. Maximum leverage for ThinkMarkets (FCA regulated) is .

Online trading platforms

Deriv offers cTrader, Deriv X, Deriv Trader, MT5, SmartTrader and DBot. ThinkMarkets provides MT4 and MT5.

Why Deriv or ThinkMarkets ?

Traders who want to trade on MT4 and MT5 can consider ThinkMarkets, especially those who may wish to trade with robots (ThinkZero) or those who want a user friendly platform (ThinkTrader). Traders who want to trade with access to a range of trading platforms, including MT5 and 24/7 trading of simulated markets, may consider Deriv. Deriv additionally offers its user friendly Deriv X platform for CFD trading. Traders may also build and run EA robots on Deriv MT5.

Comparison summary

• Both offer CFD trading
• In the UK, ThinkMarkets additionally provides spread betting
• Each offers MT5 and cTrader
• ThinkMarkets additionally provides MT4 and ThinkTrader
• ThinkMarkets has more markets to trade for margin trading
• Deriv offers 24/7 trading of simulated markets