OANDA vs ThinkMarkets Comparison: Which Is Better for Traders?
ThinkMarketsWe test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - OANDA or ThinkMarkets?
Our pick: OANDA
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - OANDA looks preferable to ThinkMarkets.
OANDA scored 4.3/5 and ranks 29 in our all Forex brokers list, whereas ThinkMarkets has 4/5 and ranks 49.
This is not financial advice. See the full comparison below.
Who is OANDA suitable for?
Oanda is suitable for beginners and experienced traders, thanks to quality analytics and various educational materials.
Who is ThinkMarkets suitable for?
ThinkMarkets suits traders who value attractive trading conditions, a wide range of products, analytical tools, and educational materials.
Comparison Table of OANDA and ThinkMarkets
| Broker | OANDA | ThinkMarkets |
|---|---|---|
| Rating | 4.3/5 | 4/5 |
| Foundation Year | 2001 | 2009 |
| Regulated in Countries | United States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland | Seychelles, United Kingdom, Australia, Cyprus, South Africa, Japan, Cayman Islands |
| Minimum Deposit |
|
|
| Spread | from 0.5 points | from 0 points |
| Max Leverage | 1:200 | 1:500 |
| Trading Assets (CFDs) |
|
|
| Trading Platforms |
|
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| Review | OANDA Review | ThinkMarkets Review |
OANDA Review
Oanda is an excellent choice for traders seeking a reliable and regulated broker with competitive spreads and various trading assets.
With quality analytics and diverse educational materials, Oanda suits beginners and experienced traders.
Pros and Cons of OANDA
Pros
- Tight spreads.
- Diverse markets and products.
- Advanced trading platforms.
- Quality analytics.
- Extensive learning section.
Cons
- Limited trading account types.
- Inactivity fee.
- High swaps.
OANDA 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 | OANDA | ThinkMarkets |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2001 | 2009 |
| Regulated in Countries | United States, Australia, Canada, United Kingdom, Japan, British Virgin Islands, Singapore, Poland | Seychelles, United Kingdom, Australia, Cyprus, South Africa, Japan, Cayman Islands |
| Regulators |
OANDA
Oanda demonstrates a high level of reliability, evidenced by licenses from the world's leading regulators.
ThinkMarkets
The presence of licenses from authoritative regulators and a good reputation speak to the reliability of ThinkMarkets.
Account Opening
| Broker | OANDA | ThinkMarkets |
|---|---|---|
| Account Opening | 4.5/5 | 4/5 |
| Minimum Deposit |
|
|
OANDA
Oanda offers a straightforward and structured registration process, ensuring convenience for clients.
Pros
- Clearly structured registration process.
- No minimum deposit, offering flexibility for traders.
Cons
- Additional documents may be required in some cases.
- Document verification can take from 1 to 2 working days.
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 | OANDA | ThinkMarkets |
|---|---|---|
| Account Types | 3/5 | 3.3/5 |
| Trading Accounts |
|
|
| Minimum Deposit |
|
|
| Spread | from 0.5 points | from 0 points |
| Max Leverage | 1:200 | 1:500 |
| Trading Assets (CFDs) |
|
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
OANDA
Oanda provides various trading accounts, but some specialized types are missing.
Pros
- Standard accounts are available.
- Demo accounts are offered.
- Swap Free accounts are available for traders following Islamic principles.
Cons
- Cent accounts are missing.
- No fixed spread accounts.
- No investment accounts are available.
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 | OANDA | ThinkMarkets |
|---|---|---|
| Commissions | 3.5/5 | 2.3/5 |
| Spread | from 0.5 points | from 0 points |
| Average Spread (EURUSD) | 0.8 | 1.2 |
| Commission per Lot | $3.5 |
OANDA
Oanda's fees are moderate, making this broker competitive.
Pros
- No fees for deposits and withdrawals.
- Low spreads on major currency pairs.
Cons
- Inactivity fee is charged.
- Swaps may be high for some currency pairs.
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 | OANDA | ThinkMarkets |
|---|---|---|
| Rating | 4/5 | 4/5 |
| Account Funding Methods |
|
|
OANDA
Oanda offers flexible conditions for depositing and withdrawing funds, but payment system commissions and currency conversion costs may apply.
Pros
- The broker does not charge a fee for deposits and withdrawals.
- A wide selection of payment systems is available.
- No restrictions on the amounts of deposits and withdrawals.
Cons
- High commission fees for certain methods by payment systems.
- Withdrawal request processing time may be long.
- Cryptocurrencies are not available as a payment method.
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 | OANDA | ThinkMarkets |
|---|---|---|
| Markets and Products | 4.4/5 | 5/5 |
| Forex | 48 | 46 |
| Precious Metals | 3 | 10 |
| Energy Carriers | 3 | 3 |
| Soft Commodities | 4 | 3 |
| Indices | 18 | 15 |
| Stocks | 1607 | 3305 |
| Cryptocurrency | 18 | 21 |
| ETF | - | 364 |
OANDA
Oanda offers an extensive set of markets and products, making it a versatile choice for traders of different levels.
Pros
- A wide range of currency pairs.
- A large selection of stocks and indices.
- Access to cryptocurrency trading.
Cons
- Maximum leverage is only up to 1:200.
ThinkMarkets
ThinkMarkets offers a highly diverse range of trading instruments.
Trading Platforms
| Broker | OANDA | ThinkMarkets |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Trading Platforms |
|
|
OANDA
Oanda provides high-quality trading platforms with deep functionality and integration with TradingView.
Pros
- Access to classic platforms MT4 and MT5.
- The fxTrade mobile app with integration with MT5.
- Integration with TradingView.
Cons
- No MetaTrader alternatives for desktop devices.
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 | OANDA | ThinkMarkets |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
OANDA
The Oanda broker's analytical section offers many tools that help traders make informed decisions.
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 | OANDA | ThinkMarkets |
|---|---|---|
| Rating | 4.5/5 | 4.7/5 |
OANDA
Oanda provides an extensive range of educational resources, catering to new and experienced traders, focusing on leveraged trading.
Pros
- Comprehensive coverage of fundamental and technical analysis.
- Variety of resources including webinars, workshops, and live market analysis.
- Free access to premium content for live account holders.
Cons
- Some advanced topics may not be covered in depth.
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 | OANDA | ThinkMarkets |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Facebook
Twitter
LinkedIn
YouTube
InstagramOANDA
Oanda's technical support provides extensive communication options and round-the-clock service, ensuring the professionalism and efficiency of the solutions provided.
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 OANDA and ThinkMarkets with other brokers
Conclusion
OANDA stands out as the better overall pick, while ThinkMarkets trails on aggregate criteria.
OANDA scored 4.3/5 and ranks 29 in our rating; ThinkMarkets has 4/5 and ranks 49.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: OANDA or ThinkMarkets?
OANDA comes out ahead by overall rank (score 4.3/5, position 29) versus ThinkMarkets (score 4/5, position 49).
Which broker is better for beginners: OANDA or ThinkMarkets?
OANDA is often a smoother start thanks to simpler onboarding and stronger baseline metrics. Still, your tools and budget should drive the final choice.
Who has lower typical trading costs (spreads/commissions) — OANDA 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 OANDA and ThinkMarkets?
OANDA: MetaTrader 5, MetaTrader 4, TradingView, fxTrade. ThinkMarkets: MetaTrader 4, MetaTrader 5, ThinkTrader. See the “Platforms” section for details and selection tips.
What markets can you trade with OANDA and ThinkMarkets?
OANDA: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, 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 OANDA and ThinkMarkets?
OANDA: Standard, Swap Free. ThinkMarkets: Standard, ThinkZero. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by OANDA and ThinkMarkets?
OANDA: Skrill, Neteller, Swift, Visa, Mastercard. ThinkMarkets: Neteller, Skrill, Perfect Money, Bank Transfer, Visa, Mastercard. Check method-specific fees/settlement times.
Which broker is safer — OANDA or ThinkMarkets — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
