RoboForex vs ThinkMarkets - Online Brokerage Comparison

RoboForex vs ThinkMarkets | Trading Brokers Comparison

RoboForex vs ThinkMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$10MT4, R Trader, cTrader, MT59000+IFSC
NoneMT4, Trade Interceptor200+FCA, ASIC

RoboForex vs ThinkMarkets Comparison

Both these brokers support the use of automated trading strategies and provide platforms allowing the trader to run and build online trading robots. Each offers MT4, while RoboForex also provides MT5 (the successor to MT4) and cTrader.

ThinkMarkets also offers a user friendly web trader, Trade Interceptor, designed for the human trader who executes their own trades. RoboForex also provides a web trader (R Trader) which allows the trader to build and run robots on the cloud, as well as supporting trader who execute their own trades. On R Trader, RoboForex has considerably more markets, but on MT4, ThinkMarkets has more.

While RoboForex has a low minimum deposit, ThinkMarkets has no minimum deposit for its Standard account. However for its ThinkZero account (which has spreads from 0, plus a commission charge), ThinkMarkets has a minimum deposit of $500. RoboForex offers a Cent account, which allows the trade to trade with trade sizes smaller than micro lots. Thus it is possible at RoboForex for the trader to trade with a small account size on a live account.

RoboForex is regulated by the IFSC in Belize. ThinkMarkets is regulated by the FCA in the United Kingdom and the ASIC in Australia.

Quick comparison

Both offer MT4 and web traders. RoboForex also offers MT5 and cTrader. Each allows automated and non-automated trading. ThinkMarkets has no minimum deposit, while RoboForex offers a Cent account.

Minimum deposit and key account features

The minimum deposit for RoboForex is $10. There is no minimum deposit for ThinkMarkets's Standard account, but a minimum deposit of $500 for its ThinkZero account.

  • RoboForex offers accounts based around its four platforms, MT4, MT5, cTrader and R Trader. cTrader has an ECN-Pro and Pro-Standard account. MT4 and MT5 each offer a Pro-Standard, Pro-Cent and ECN-Pro account. MT4 additionally offers an MT4 Prime account. RoboForex's R Trader is a web trading platform, which has many more markets available than the other accounts. RoboForex also offers a CopyFx account (which supports transaction copying) and a RAMM account (which supports strategy copying).
  • RoboForex's minimum deposit for all accounts except R Trader and MT4 Prime is $10. The minimum deposit for R Trader is $100 and MT4 Prime is $5,000. The Prime account is an ECN account with lower commission charges. RoboForex offers an Islamic (Swap Free) version for some of these accounts. Micro lot trading is available.
  • RoboForex provides RoboForex Analytics on its website. This offers a range of tools including analysis, signals, videos and education. It offers StrategyQuant for building MT4 robots and the R Trader Strategy Builder.
  • ThinkMarkets offers both CFD trading and spread betting. It offers 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, 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. The ThinkZero account also provides Autochartist and an account manager.

Markets

  • RoboForex's Cent account offers Forex and Precious Metals, for a total of 35+.
  • RoboForex's Standard and ECN accounts offer Forex, Indices, Energy, Precious Metals and Cryptocurrencies, for a total of 45+.
  • On its R Trader account, RoboForex offers Forex, Indices, Cryptocurrencies, Stocks and ETFs, for a total of 9,000+.
  • ThinkMarkets provides Forex, Indices, Cryptocurrencies, Stocks, Energy and Metals, with 200+ available.

Cryptocurrency CFDs

  • RoboForex offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, DASH, OmiseGo, NEO, Monero, IOTA, Bitcoin Gold, QTUM, EOS and Golem.
  • ThinkMarkets offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, DASH, OmiseGo, NEO, Monero, IOTA, Bitcoin Gold, ETP and Zcash.

Spreads and leverage

  • Both brokers may offer very low Forex spreads for the most liquid Forex pairs, plus a commission charge. RoboForex also offers Forex spreads without a commission charge from 1.3 and ThinkMarkets offers Forex spreads from 0.4 without a commission charge.
  • Maximum leverage for RoboForex (IFSC regulated) is 2000:1. Maximum leverage for ThinkMarkets (ASIC regulated) is 500:1. Maximum leverage for ThinkMarkets (FCA regulated) is .

Commission charge

  • RoboForex's commissions are $2 per lot per side for its ECN accounts except for its Prime account where they are $1.5 per lot per side.
  • 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.

Platforms

RoboForex offers MT4, MT5, cTrader and R Trader. ThinkMarkets provides MT4 and Trade Interceptor.

Why RoboForex or ThinkMarkets ?

Traders who wish to run trading robots on MT4 can use either broker. Traders who want to use MT5 and cTrader can consider RoboForex as it offers both these platforms. As well as these platforms, RoboForex also offers R Trader and can provide many more markets on this platform. By providing a Cent account, RoboForex makes it feasible for traders to trade with smaller account sizes. ThinkMarkets offers a user friendly platform for traders who execute their own trades, in the shape of Trade Interceptor. Additionally, in the UK, ThinkMarkets provides MT4 spread betting.

Comparison summary

  • Both offer CFD trading
  • In the UK, ThinkMarkets has MT4 spread betting
  • Each has MT4
  • RoboForex additionally offers MT5 and cTrader
  • ThinkMarkets has the Trade Interceptor online platform
  • RoboForex offers R Trader, with many more markets
  • RoboForex is IFSC regulated, ThinkMarkets is FCA and ASIC regulated

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