InstaForex vs ThinkMarkets Comparison
Compare trading conditions, commissions and platforms of Forex brokers InstaForex and ThinkMarkets. Find out which broker is best for you.
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - InstaForex or ThinkMarkets?
Key differences between the brokers
Below, we show only the differences in trading conditions covered in our reviews. These may include the minimum deposit, available markets, platforms and account types. Compare these details with your requirements.
InstaForex
- Different platforms
- InstaForex Webtrader
ThinkMarkets
- Different platforms
- ThinkTrader
Comparison Table of InstaForex and ThinkMarkets
Swipe the table left or right to view all data.
| Broker | InstaForex | ThinkMarkets |
|---|---|---|
| Foundation Year | 2007 | 2010 |
| Regulated in Countries | British Virgin Islands, Cyprus, Saint Vincent and the Grenadines | Seychelles, United Kingdom, Australia, Cyprus, South Africa, Japan, Cayman Islands |
| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:1000 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | InstaForex Review | ThinkMarkets Review |
InstaForex Review
InstaForex is a popular broker that offers a wide range of trading instruments and specialized accounts. The unique possibility of accruing interest on the account balance, ForexCopy's automatic transaction copying service, and support for cryptocurrency trading make InstaForex an attractive choice for a variety of traders. Customer support is available round the clock, and account replenishment does not charge any commission, which is a significant plus.
InstaForex is suitable for beginner traders and investors interested in passive income through PAMM accounts, as well as for those looking for innovative features such as cryptocurrency trading and automatic trade copying.
Pros and Cons of InstaForex
Pros
- Large selection of trading instruments.
- PAMM accounts and the ForexCopy automatic trade copying service for passive income.
- 24/7 efficient customer support.
- Wide range of methods for depositing and withdrawing funds.
- Decent analytical section.
Cons
- Trading commissions are above average.
- No trading accounts with market execution of orders (ECN or STP).
- Broker commission on fund withdrawals.
InstaForex 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
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| Broker | InstaForex | ThinkMarkets |
|---|---|---|
| Reliability | 4/5 | 5/5 |
| Foundation Year | 2007 | 2010 |
| Regulated in Countries | British Virgin Islands, Cyprus, Saint Vincent and the Grenadines | Seychelles, United Kingdom, Australia, Cyprus, South Africa, Japan, Cayman Islands |
| Regulators |
InstaForex
InstaForex operates through multiple legal entities regulated by various financial authorities. However, it should be noted that these are not the strictest or most authoritative market regulators.
ThinkMarkets
The presence of licenses from authoritative regulators and a good reputation speak to the reliability of ThinkMarkets.
Account Opening
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| Broker | InstaForex | ThinkMarkets |
|---|---|---|
| Account Opening | 5/5 | 4/5 |
| Minimum Deposit |
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InstaForex
Given the lack of minimum deposit requirements and the option to bypass verification for certain funding methods, it can be said that opening an account with InstaForex is maximally convenient and accessible.
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
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| Broker | InstaForex | ThinkMarkets |
|---|---|---|
| Account Types | 5/5 | 3.3/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:1000 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
InstaForex
InstaForex accounts offer sufficiently flexible conditions to meet the needs of most traders.
Pros
- Cent and Islamic accounts are available
- PAMM accounts and copy trading services are provided
Cons
- No market execution of orders
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
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| Broker | InstaForex | ThinkMarkets |
|---|---|---|
| Commissions | 2.2/5 | 2.3/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 1.2 | |
| Commission | per 1 lot$3.00 | per 1 lot$3.50 |
InstaForex
InstaForex offers its clients trading commissions above average compared to other brokers.
Pros
- Transaction commission slightly below market average
- Commission rebates (rebate) are available
Cons
- Inactivity fee is charged
- Withdrawal fees may apply
- Wide spreads
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
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| Broker | InstaForex | ThinkMarkets |
|---|---|---|
| Rating | 4.7/5 | 4/5 |
| Account Funding Methods |
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InstaForex
InstaForex provides various flexible options for depositing and withdrawing funds, although some fees may be higher than those of some competitors. This disadvantage is offset by the company's offer of advantageous deposit bonuses.
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
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| Broker | InstaForex | ThinkMarkets |
|---|---|---|
| Markets and Products | 5/5 | 5/5 |
| Forex | 108 | 46 |
| Precious Metals | 8 | 10 |
| Energy Carriers | 6 | 3 |
| Soft Commodities | 13 | 3 |
| Indices | 21 | 15 |
| Stocks | 1448 | 3305 |
| ETF | 67 | 364 |
| Cryptocurrency | 72 | 21 |
InstaForex
A wide range of trading instruments is available on InstaForex, including 110 currency pairs and various Contracts for Difference (CFDs).
ThinkMarkets
ThinkMarkets offers a highly diverse range of trading instruments.
Trading Platforms
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| Broker | InstaForex | ThinkMarkets |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Trading Platforms |
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InstaForex
InstaForex offers a wide selection of platforms, which can satisfy the needs of the overwhelming majority of traders.
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
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| Broker | InstaForex | ThinkMarkets |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
InstaForex
A strong point of InstaForex is its robust analytical section for beginners. The company's analysts publish daily market forecasts, breakdowns of trading situations, and important economic news.
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
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| Broker | InstaForex | ThinkMarkets |
|---|---|---|
| Rating | 4.5/5 | 4.7/5 |
InstaForex
InstaForex provides high-quality and diverse educational materials (video tutorials, courses, webinars), benefiting beginners and advanced traders. However, access to the entire training course is open only to owners of trading accounts.
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
Swipe the table left or right to view all data.
| Broker | InstaForex | ThinkMarkets |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Email Support | ||
| Hotline Phones | ||
| Social Media |
InstaForex
The technical support of InstaForex demonstrates good customer service, offering various ways to connect and prompt responses to client inquiries.
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.
Comparisons of InstaForex and ThinkMarkets with other brokers
Conclusion
When choosing between InstaForex and ThinkMarkets, match their platforms, markets, account types and funding terms to your needs.
Before opening an account, verify fees, regulation, support and service availability for your country in the sections above.
FAQ
Which broker is better: InstaForex or ThinkMarkets?
InstaForex ranks higher than ThinkMarkets in our editorial ranking. That does not make it a universal choice: compare fees, markets, platforms, account types and support.
Which broker is better for beginners: InstaForex or ThinkMarkets?
Beginners should compare availability in their country, account types, minimum deposit, trading platforms and customer support.
Who has lower typical trading costs (spreads/commissions) — InstaForex or ThinkMarkets?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with InstaForex and ThinkMarkets?
InstaForex: MetaTrader 5, MetaTrader 4, InstaForex Webtrader. ThinkMarkets: MetaTrader 4, MetaTrader 5, ThinkTrader. See the “Platforms” section for details and selection tips.
What markets can you trade with InstaForex and ThinkMarkets?
InstaForex: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Cryptocurrency. ThinkMarkets: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by InstaForex and ThinkMarkets?
InstaForex: Insta.Standard, Insta.Eurica, Cent.Standard, Cent.Eurica. ThinkMarkets: Standard, ThinkZero. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by InstaForex and ThinkMarkets?
InstaForex: Skrill, Neteller, YooMoney, PayCo, AstroPay, Swift, Visa, Mastercard. ThinkMarkets: Neteller, Skrill, Bank Transfer, Visa, Mastercard. Check method-specific fees/settlement times.
Which broker is safer — InstaForex or ThinkMarkets — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
