| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| FOREX.com | $100 Minimum Deposit | MT4, Advanced Trading Platform, Web Trader Trading Platform | 300+ Markets To Trade | FOREX.com offers trading on MetaTrader, allowing automated trading with EAs and offers its user friendly Web Trader, providing Forex spreads from 0.8 About |
| ThinkMarkets | None Minimum Deposit | MT4, MT5, ThinkTrader Trading Platforms | 3500+ Markets To Trade | ThinkMarkets offers trading on MT4 and MT5 (including automated trading) with spreads from 0.4 and provides its user friendly ThinkTrader platform About |
FOREX.com and ThinkMarkets Comparison
Both of these brokers offer MT4 and allow the use of Expert Advisors (EAs). ThinkMarkets additionally provides MT5 (the successor to MT4).
Both brokers offer user friendly web traders. FOREX.com additionally provides the Advanced Trading Platform, which lets the trader use and program charting signals. Overall, ThinkMarkets has more markets to trade.
Quick summary
FOREX.com offers a range of platforms with CFD trading namely MT4, Web Trader and the Advanced Trading Platform. ThinkMarkets offers CFD trading or spread betting on MT4 and MT5 (in the UK) and CFD trading on MT4, MT5 and ThinkTrader.
Minimum deposit and account types
The minimum deposit for FOREX.com is $/€/£100. There is no minimum deposit for ThinkMarkets's Standard account but the minimum deposit for its ThinkZero account is $/£500.
- FOREX.com offers Forex and CFD trading. The minimum trade size is 0.01 lots. It has an Economic Calendar, Market Research and a news feed on its platforms, offers Autochartist and Trading Central and has a Trader Education course on its website.
- 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. 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. Additionally ThinkMarkets supports social and copy trading via ZuluTrade.
Free VPS offer
Both brokers have a free Virtual Private Server (VPS) offer, T&Cs apply. A VPS allows the trader to run automated trading strategies when they are disconnected from the broker. If the trader does not meet these requirements they can rent hosting.
- FOREX.com offers a VPS to trader who maintains a minimum monthly balance of $5000 and executes a minimum of 10 round turn mini lots per month, T&Cs apply.
- ThinkMarkets offers a free VPS to traders who trade a minimum of 15 lots of Forex round turn per calendar month, T&Cs apply
Markets
- FOREX.com offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, with 300+ available.
- ThinkMarkets provides Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, with 3500+ on offer.
| Broker | Trading Platforms | Description |
|---|---|---|
| FOREX.com Broker | MT4, Web Trader, Advanced Trading Platform Trading Platforms | FOREX.com is a major MT4 broker, also offering MT5 in some regions, and provides a user friendly Web Trader and Forex spreads from 0.8 Description |
| ThinkMarkets Broker | MT4, MT5, ThinkTrader Trading Platforms | ThinkMarkets offers trading on MT4 and MT5 (with automated trading), and provides user friendly ThinkTrader Description |
Spreads
FOREX.com offers Forex spreads from 0.8 without a commission charge, while ThinkMarkets provides Forex spreads from 0.4 without a commission charge. ThinkMarkets can additionally offer low Forex spreads from 0 plus a commission charge.
Online trading platforms
FOREX.com offers the Advanced Trading Platform, Web Trader and MT4 and apps. ThinkMarkets offers ThinkTrader, MT4, MT5 and apps.
Why FOREX.com or ThinkMarkets ?
Traders who want to trade on MetaTrader 4 (MT4) and use Expert Advisors (online trading robots) can do so at either broker. Traders who want to trade on MetaTrader 5 (MT5), the successor platform to MT4, can find this at ThinkMarkets, with a relatively large number of markets to trade. Traders who want to execute their own trades on a user friendly platform can do so at either broker. FOREX.com additionally offers its Advanced Trading Platform, with programmable chart signals.
Comparison summary
- Both brokers provide CFD trading
- Each offers MT4
- ThinkMarkets additionlly provides MT5
- Both offer user friendly web traders
- FOREX.com additionally provides its Advanced Trading Platform
- ThinkMarkets has no minimum deposit for its Standard account
