FOREX.com 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 FOREX.com and ThinkMarkets
| Broker | FOREX.com | ThinkMarkets |
|---|---|---|
| Rating | 4.1/5 | 4/5 |
| Foundation Year | 2000 | 2009 |
| Regulated in Countries | Cayman Islands, United Kingdom, United States, Cyprus, Hong Kong, Japan, Singapore, Australia | Seychelles, United Kingdom, Australia, Cyprus, South Africa, Japan, Cayman Islands |
| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:50 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | FOREX.com Review | ThinkMarkets Review |
FOREX.com is suitable for traders of all levels due to its reliability, wide range of assets, and excellent customer service.
ThinkMarkets suits traders who value attractive trading conditions, a wide range of products, analytical tools, and educational materials.
FOREX.com Review
FOREX.com is an excellent broker for trading in the Forex and CFD markets. They offer fast execution speeds, a wide selection of currency pairs, and other assets for trading. Their customer service is outstanding, and multiple financial authorities regulate them.
Pros and Cons of FOREX.com
Pros
- Broker with many years of history and a global reputation.
- A variety of deposit methods.
- A wide variety of available markets and products.
- Advanced analytical tools and daily updates from the company's professionals.
- Comprehensive educational materials for all levels of traders.
Cons
- Lack of specialized accounts.
- High transaction fee on DMA Account.
FOREX.com 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 | FOREX.com | ThinkMarkets |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2000 | 2009 |
| Regulated in Countries | Cayman Islands, United Kingdom, United States, Cyprus, Hong Kong, Japan, Singapore, Australia | Seychelles, United Kingdom, Australia, Cyprus, South Africa, Japan, Cayman Islands |
| Regulators | CIMA CIMA FCA FCA CIRO CIRO CySEC CySEC NFA NFA CFTC CFTC SFC SFC JFSA JFSA MAS MAS ASIC ASIC | SFSA SFSA - FCA FCA ASIC ASIC CySEC CySEC FSCA FSCA JFSA JFSA CIMA CIMA |
FOREX.com
The company is strictly regulated, has a long-standing market presence, and is open to investors.
Pros
- Broad global regulation.
- Long-term market presence.
- Parent company traded on NASDAQ.
ThinkMarkets
The presence of licenses from authoritative regulators and a good reputation speak to the reliability of ThinkMarkets.
Account Opening
| Broker | FOREX.com | ThinkMarkets |
|---|---|---|
| Account Opening | 4/5 | 4/5 |
| Minimum Deposit |
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FOREX.com
The account opening process at FOREX.com is quite standard but potentially prolonged due to required verification.
Pros
- Transparent registration process.
- Strict verification for security.
Cons
- Verification may take time.
- A lot of information is required.
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 | FOREX.com | ThinkMarkets |
|---|---|---|
| Account Types | 3.5/5 | 3.3/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:50 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
FOREX.com
FOREX.com offers standard account types that satisfy most traders, but some essential accounts are missing.
Pros
- Direct Market Access account available.
- Demo account for strategy testing.
- The ability to trade on behalf of a company.
Cons
- No cent accounts.
- No Islamic accounts.
- No options for passive investing.
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 | FOREX.com | ThinkMarkets |
|---|---|---|
| Commissions | 2.2/5 | 2.3/5 |
| Spread | from 0.1 points | from 0 points |
| Average Spread (EURUSD) | 1.3 | 1.2 |
| Commission per Lot | $6.48 | $3.5 |
FOREX.com
FOREX.com's commissions are above average. Conditions can be improved for traders with high volumes.
Pros
- Potential reduction in commissions with increased trading volume.
- Rebate program for major American traders.
- No fees for deposits and withdrawals.
Cons
- High transaction commission on DMA accounts.
- Inactivity fee.
- High swaps.
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 | FOREX.com | ThinkMarkets |
|---|---|---|
| Rating | 4.3/5 | 4/5 |
| Account Funding Methods |
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FOREX.com
FOREX.com provides diverse and convenient methods for depositing and withdrawing funds with low costs and reasonable processing times.
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 | FOREX.com | ThinkMarkets |
|---|---|---|
| Markets and Products | 4.5/5 | 5/5 |
| Forex | 91 | 46 |
| Precious Metals | 16 | 10 |
| Energy Carriers | 14 | 3 |
| Soft Commodities | 22 | 3 |
| Indices | 54 | 15 |
| Stocks | 5500 | 3305 |
| ETF | 318 | 364 |
| Bonds | 14 | - |
| Cryptocurrency | 12 | 21 |
FOREX.com
Although its leverage is relatively low, FOREX.com offers an extensive selection of markets and products.
ThinkMarkets
ThinkMarkets offers a highly diverse range of trading instruments.
Trading Platforms
| Broker | FOREX.com | ThinkMarkets |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Trading Platforms |
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FOREX.com
FOREX.com provides a wide choice of trading platforms, including MT4, its proprietary platform, NinjaTrader, and TradingView, supporting all formats - online, desktop, and mobile applications.
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 | FOREX.com | ThinkMarkets |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
FOREX.com
Analytics at FOREX.com is a powerful tool for traders, providing extensive information and in-depth market analysis.
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 | FOREX.com | ThinkMarkets |
|---|---|---|
| Rating | 5/5 | 4.7/5 |
FOREX.com
FOREX.com offers a rich educational program suitable for all levels of traders, enhancing the user experience.
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 | FOREX.com | ThinkMarkets |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Facebook
Twitter
YouTube
LinkedIn
InstagramFOREX.com
FOREX.com provides excellent technical support with fast and professional service, available 24/7.
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.
