CMC Markets vs ThinkMarkets Comparison
ThinkMarketsWe test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of CMC Markets and ThinkMarkets
| Broker | CMC Markets | ThinkMarkets |
|---|---|---|
| Rating | 4.4/5 | 4/5 |
| Foundation Year | 1988 | 2009 |
| Regulated in Countries | United Kingdom, Germany, Canada, Australia, New Zealand, Singapore, United Arab Emirates | Seychelles, United Kingdom, Australia, Cyprus, South Africa, Japan, Cayman Islands |
| Minimum Deposit |
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| Spread | from 0.7 points | from 0 points |
| Max Leverage | 1:30 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | CMC Markets Review | ThinkMarkets Review |
Broker CMC Markets is suitable for all traders thanks to its reliability, low commissions, and excellent trading platform.
ThinkMarkets suits traders who value attractive trading conditions, a wide range of products, analytical tools, and educational materials.
CMC Markets Review
CMC Markets has been a reliable CFD and Forex broker in the business for a long time. Top-tier financial authorities regulate the company, offers an excellent trading platform, and has low commission fees.
We believe it is an excellent choice for beginners and experienced traders. CMC Markets is a good option if you are seeking a trustworthy broker with extensive experience.
Pros and Cons of CMC Markets
Pros
- Low trading fees.
- Wide range of markets and products.
- Access to the popular MetaTrader 4 and CMC Markets platforms.
- Extensive analytical materials.
- Comprehensive educational materials.
Cons
- Limited account options.
- Inactivity fee.
- No online chat.
CMC Markets is in the top 10 of the following ratings:
ThinkMarkets Review
ThinkMarkets is a highly regulated broker with licenses from the FCA and ASIC, confirming its reliability and operations transparency. The broker offers a wide range of trading platforms suitable for beginners and experienced traders. Extensive analytical resources and educational materials help traders to develop their skills and improve trading efficiency. Round-the-clock support ensures that help is always available, no matter the time of day.
ThinkMarkets is ideal for traders who are looking for a reliable and well-regulated broker with a variety of technological solutions and analytical tools. The broker is especially suitable for active traders who are willing to invest time in learning the market through the training materials offered.
Pros and Cons of ThinkMarkets
Pros
- Wide range of trading platforms.
- Strong analytical support.
- Extensive educational materials.
- 24/7 technical support.
Cons
- Limited choice of trading accounts.
- Withdrawal fees and account inactivity fees.
Reliability
| Broker | CMC Markets | ThinkMarkets |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 1988 | 2009 |
| Regulated in Countries | United Kingdom, Germany, Canada, Australia, New Zealand, Singapore, United Arab Emirates | Seychelles, United Kingdom, Australia, Cyprus, South Africa, Japan, Cayman Islands |
| Regulators | FCA FCA BaFin BaFin FMA FMA KNF KNF FSAN FSAN CNMV CNMV CIRO CIRO ASIC ASIC NZ FMA NZ FMA MAS MAS DFSA DFSA | SFSA SFSA - FCA FCA ASIC ASIC CySEC CySEC FSCA FSCA JFSA JFSA CIMA CIMA |
CMC Markets
CMC Markets demonstrates a high level of regulation and protection of client funds.
Pros
- Regulation in multiple countries.
- Adherence to CASS rules to protect client funds.
- Compensation through FSCS in case of financial problems.
ThinkMarkets
The presence of licenses from authoritative regulators and a good reputation speak to the reliability of ThinkMarkets.
Account Opening
| Broker | CMC Markets | ThinkMarkets |
|---|---|---|
| Account Opening | 4/5 | 4/5 |
| Minimum Deposit |
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CMC Markets
The account opening process is standard but has some limitations.
Pros
- No minimum deposit requirement.
- Clear and transparent registration process.
Cons
- Requirement to provide extensive information.
- Restrictions for residents of certain countries.
ThinkMarkets
The account opening process at ThinkMarkets is simple and convenient. However, due to the possible verification process taking up to 2 days, the account opening process may not be as fast as desired.
Account Types
| Broker | CMC Markets | ThinkMarkets |
|---|---|---|
| Account Types | 2.3/5 | 3.3/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.7 points | from 0 points |
| Max Leverage | 1:30 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
CMC Markets
Accounts meet basic needs but do not offer a wide selection.
Pros
- Availability of a demo account.
Cons
- No cent or Islamic accounts.
- No accounts with fixed spreads.
- No investment accounts (PAMM, copy trading).
ThinkMarkets
ThinkMarkets offers two main types of accounts, but the variety of accounts is limited, and there are no accounts for certain groups of traders.
Pros
- Free VPS
- Ability to copy trades of successful traders
Cons
- Lack of cent accounts and fixed spread accounts
- No Islamic account
Commissions
| Broker | CMC Markets | ThinkMarkets |
|---|---|---|
| Commissions | 4.7/5 | 2.3/5 |
| Spread | from 0.7 points | from 0 points |
| Average Spread (EURUSD) | 0.7 | 1.2 |
| Commission per Lot | $3.5 |
CMC Markets
The broker offers competitive spreads and does not charge fees for depositing/withdrawing.
Pros
- No deposit or withdrawal fees.
- Competitive spreads and swaps.
- Cashback on trading commissions.
Cons
- Monthly inactivity fee.
ThinkMarkets
ThinkMarkets has average market commissions, making it accessible for most traders. However, it should be noted that the broker charges some non-trading commissions.
Pros
- Transparent commission structure.
Cons
- Conversion fee for withdrawals in a currency other than the base currency.
- Inactivity fee.
Deposit and Withdrawal
| Broker | CMC Markets | ThinkMarkets |
|---|---|---|
| Rating | 4.5/5 | 4/5 |
| Account Funding Methods |
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CMC Markets
The broker offers flexibility and transparency in transactions.
Pros
- No fees for deposits or withdrawals.
- Fast processing of withdrawal requests.
Cons
- Some competitors offer more payment methods.
ThinkMarkets
The broker offers convenient methods for depositing and withdrawing funds, most of which are commission-free, however, there may be delays in withdrawals.
Pros
- Wide selection of deposit and withdrawal methods.
- No commission for most deposit and withdrawal cases.
Cons
- Conversion fee for withdrawals in a currency other than the base currency.
- Potential long withdrawal times due to meticulous transaction verification
Markets and Products
| Broker | CMC Markets | ThinkMarkets |
|---|---|---|
| Markets and Products | 4.4/5 | 5/5 |
| Forex | 336 | 46 |
| Precious Metals | 19 | 10 |
| Energy Carriers | 45 | 3 |
| Soft Commodities | 58 | 3 |
| Indices | 99 | 15 |
| Stocks | 10099 | 3305 |
| ETF | 1200 | 364 |
| Bonds | 71 | - |
| Cryptocurrency | 336 | 21 |
CMC Markets
CMC Markets offers various trading instruments for multiple markets but with limited maximum leverage.
ThinkMarkets
ThinkMarkets offers a highly diverse range of trading instruments.
Trading Platforms
| Broker | CMC Markets | ThinkMarkets |
|---|---|---|
| Rating | 4.5/5 | 5/5 |
| Trading Platforms |
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CMC Markets
The broker provides two powerful and flexible trading platforms.
Pros
- Availability of the popular MetaTrader 4 platform.
- Proprietary platform with extensive functionality and customization options.
Cons
- The proprietary platform may be complex for beginners.
- Lack of MetaTrader 5 platform.
ThinkMarkets
ThinkMarkets offers a wide selection of platforms, including popular MetaTrader 4 and MetaTrader 5, as well as proprietary developments such as ThinkTrader and ThinkCopy.
Analytics
| Broker | CMC Markets | ThinkMarkets |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
CMC Markets
The broker offers extensive analytical resources that assist traders in decision-making.
Pros
- Comprehensive commentary and forecasts from experts.
- Technical and fundamental analysis.
- News from Reuters and economic calendar.
ThinkMarkets
ThinkMarkets provides high-quality analytical tools, making trading informative and productive.
Pros
- Extensive set of market analysis tools.
- Availability of Traders' Gym for strategy testing.
- Daily trading signals and market news.
Cons
- Some tools are only available for certain types of accounts.
Education
| Broker | CMC Markets | ThinkMarkets |
|---|---|---|
| Rating | 5/5 | 4.7/5 |
CMC Markets
The broker offers extensive and quality educational resources for traders of all levels.
Pros
- A wide range of educational forms: seminars, webinars, video conferences, courses.
- Classes conducted by leading traders and guest experts.
- Most materials are available for free to company clients.
ThinkMarkets
ThinkMarkets offers high-quality educational materials covering a wide range of topics.
Pros
- Wide range of topics in articles.
- Webinars from experts.
- Materials for traders of all levels.
Cons
- Lack of video tutorials.
Customer Support
| Broker | CMC Markets | ThinkMarkets |
|---|---|---|
| Rating | 4/5 | 5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Facebook
Twitter
YouTube
LinkedIn
InstagramCMC Markets
CMC Markets provides quality technical support operating 24/5, with prompt and professional responses.
Pros
- Support available 24/5.
- Prompt and professional responses.
Cons
- Lack of online chat for instant communication.
ThinkMarkets
ThinkMarkets offers a wide range of communication channels with support, including phone numbers in different countries, email, and online chat. Additionally, support is available 24/7, ensuring prompt assistance at any time of the day.
