Pepperstone 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 Pepperstone and ThinkMarkets
| Broker | Pepperstone | ThinkMarkets |
|---|---|---|
| Rating | 4.6/5 | 4/5 |
| Foundation Year | 2010 | 2009 |
| Regulated in Countries | Australia, Bahamas, Cyprus, United Arab Emirates, Germany, Kenya, United Kingdom | 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 | 1:500 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | Pepperstone Review | ThinkMarkets Review |
Pepperstone suits traders seeking a wide choice of platforms, tight spreads, and numerous trading instruments.
ThinkMarkets suits traders who value attractive trading conditions, a wide range of products, analytical tools, and educational materials.
Pepperstone Review
Pepperstone is a significant and reliable broker that offers a broad range of trading instruments and attractive trading conditions. With regulation by serious authorities, clients can be confident in the security of their funds.
The broker is suitable for various types of traders. Beginners will find extensive educational materials, including trading guides, webinars, instructional videos, and Forex trading courses. Experienced traders will also appreciate Pepperstone's opportunities, including favorable trading conditions, various trading platforms, and access to complex trading instruments.
The broker's technical support operates at a high level, offering clients quick and efficient responses to any questions.
Pepperstone is an excellent choice for traders of all experience levels. With a unique combination of educational materials, trading tools, and high-quality customer service, this broker ensures excellent conditions for successful trading.
Pros and Cons of Pepperstone
Pros
- Wide selection of trading platforms.
- Tight spreads and favourable trading conditions.
- Numerous regulatory licenses.
- A large number of trading assets.
Cons
- Lack of diversity in types of trading accounts.
Pepperstone 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 | Pepperstone | ThinkMarkets |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2010 | 2009 |
| Regulated in Countries | Australia, Bahamas, Cyprus, United Arab Emirates, Germany, Kenya, United Kingdom | Seychelles, United Kingdom, Australia, Cyprus, South Africa, Japan, Cayman Islands |
| Regulators | ASIC ASIC SCB SCB CySEC CySEC DFSA DFSA BaFin BaFin CMA CMA FCA FCA | SFSA SFSA - FCA FCA ASIC ASIC CySEC CySEC FSCA FSCA JFSA JFSA CIMA CIMA |
Pepperstone
Pepperstone is regulated in seven different jurisdictions, indicating a high level of reliability and regulation.
ThinkMarkets
The presence of licenses from authoritative regulators and a good reputation speak to the reliability of ThinkMarkets.
Account Opening
| Broker | Pepperstone | ThinkMarkets |
|---|---|---|
| Account Opening | 5/5 | 4/5 |
| Minimum Deposit |
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Pepperstone
The account opening process is straightforward, convenient, and fast.
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 | Pepperstone | ThinkMarkets |
|---|---|---|
| Account Types | 3.8/5 | 3.3/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:500 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
Pepperstone
Pepperstone's account types meet the needs of most traders, though they lack variability.
Pros
- The ability to copy trades.
- Support for VPS hosting.
Cons
- Lack of cent accounts.
- No fixed spread accounts.
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 | Pepperstone | ThinkMarkets |
|---|---|---|
| Commissions | 4/5 | 2.3/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 1.15 | 1.2 |
| Commission per Lot | $3.5 | $3.5 |
Pepperstone
Pepperstone does not charge an inactivity fee or withdrawal fees, which is an essential advantage for traders. As for trading commissions, the broker offers competitive conditions.
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 | Pepperstone | ThinkMarkets |
|---|---|---|
| Rating | 4.5/5 | 4/5 |
| Account Funding Methods |
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Pepperstone
Account funding and withdrawal processes at Pepperstone are pretty convenient and fast.
Pros
- Multiple available deposit methods.
- No deposit fee.
- Swift transaction processing.
Cons
- Bank fees for withdrawals.
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 | Pepperstone | ThinkMarkets |
|---|---|---|
| Markets and Products | 5/5 | 5/5 |
| Forex | 97 | 46 |
| Precious Metals | 20 | 10 |
| Energy Carriers | 4 | 3 |
| Soft Commodities | 16 | 3 |
| Indices | 26 | 15 |
| Stocks | 986 | 3305 |
| ETF | 108 | 364 |
| Cryptocurrency | 30 | 21 |
Pepperstone
The broker utilizes services from several tier-one liquidity providers to offer clients competitive quotes with low spreads and high liquidity across various instruments.
ThinkMarkets
ThinkMarkets offers a highly diverse range of trading instruments.
Trading Platforms
| Broker | Pepperstone | ThinkMarkets |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Trading Platforms |
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Pepperstone
Pepperstone offers a wide selection of high-quality and functional trading platforms, making it attractive to many investors.
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 | Pepperstone | ThinkMarkets |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
Pepperstone
Pepperstone has a well-developed analytical department, which includes daily market reviews, an economic calendar, the powerful automatic market analysis tool Autochartist, and convenient calculators for traders.
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 | Pepperstone | ThinkMarkets |
|---|---|---|
| Rating | 5/5 | 4.7/5 |
Pepperstone
Pepperstone greatly emphasizes the educational component, offering a broad spectrum of instructional materials and resources.
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 | Pepperstone | ThinkMarkets |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Twitter
Facebook
Instagram
LinkedIn
YouTubePepperstone
Pepperstone's support service provides clients with various communication channels, prompt responses, professionalism, and efficiency in problem-solving.
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.
