ThinkMarkets vs XM Comparison

Last updated May 30, 2025
ThinkMarkets LogoThinkMarkets
4/5
Register67.99-69.82% of retail investors lose money when trading CFDs with this broker
VS
XM LogoXM
4.2/5
RegisterTrading CFDs carries high risks. You may lose all invested funds

We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.

Comparison Table of ThinkMarkets and XM

BrokerThinkMarketsXM
Rating
4/5
4.2/5
Foundation Year20092009
Regulated in CountriesSeychelles, United Kingdom, Australia, Cyprus, South Africa, Japan, Cayman IslandsBelize, Cyprus, Australia, United Arab Emirates
Minimum Deposit
  • 1 USD
  • 5 USD
  • 5 EUR
  • 5 GBP
  • 5 AUD
  • 5 CHF
  • 750 JPY
  • 20 PLN
  • 90 ZAR
  • 5 SGD
  • 1800 HUF
Spreadfrom 0 pointsfrom 0 points
Max Leverage1:5001:1000
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • Cryptocurrency
Trading Platforms
  • MetaTrader 4
  • MetaTrader 5
  • ThinkTrader
  • MetaTrader 5
  • MetaTrader 4
ReviewThinkMarkets Review XM Review

ThinkMarkets suits traders who value attractive trading conditions, a wide range of products, analytical tools, and educational materials.

Broker XM is suitable for both novice traders, thanks to educational materials, and experienced traders who value a variety of instruments.

ThinkMarkets Review

ThinkMarkets Logo
Register67.99-69.82% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
Forex Precious Metals Energy Carriers Soft Commodities Indices Stocks ETF Cryptocurrency
Trading Platforms
MetaTrader 4MetaTrader 5ThinkTrader
compare ThinkMarkets trading accounts

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

  1. Wide range of trading platforms.
  2. Strong analytical support.
  3. Extensive educational materials.
  4. 24/7 technical support.

Cons

  1. Limited choice of trading accounts.
  2. Withdrawal fees and account inactivity fees.

XM Review

XM Logo
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Trading Assets
Forex Precious Metals Energy Carriers Soft Commodities Indices Stocks Cryptocurrency
Trading Platforms
MetaTrader 5MetaTrader 4
compare XM trading accounts

XM broker offers a wide range of services, making it an attractive option for various traders. With over 1500 trading instruments, extensive educational resources, and numerous trading platforms, XM is ideally suited for beginners and experienced traders. Novice traders will particularly appreciate the accessible educational materials and low entry threshold, while professionals will find the competitive spreads and diversity of instruments appealing.

Pros and Cons of XM

Pros

  1. Wide range of trading assets.
  2. Extensive educational resources.
  3. Tight spreads on the Ultra Low account.
  4. Many analytical materials.
  5. Commission-free deposits and withdrawals.

Cons

  1. Inconsistency in technical support.
  2. Inactivity fee.
  3. Standard account has a higher spread than the market average.

Reliability

BrokerThinkMarketsXM
Reliability
5/5
5/5
Foundation Year20092009
Regulated in CountriesSeychelles, United Kingdom, Australia, Cyprus, South Africa, Japan, Cayman IslandsBelize, Cyprus, Australia, United Arab Emirates
Regulators
-

ThinkMarkets

The presence of licenses from authoritative regulators and a good reputation speak to the reliability of ThinkMarkets.

XM

XM Group is highly regarded for its reliability, holding ASIC, CySEC, FSC, and DFSA licenses.

Account Opening

BrokerThinkMarketsXM
Account Opening
4/5
5/5
Minimum Deposit
  • 1 USD
  • 5 USD
  • 5 EUR
  • 5 GBP
  • 5 AUD
  • 5 CHF
  • 750 JPY
  • 20 PLN
  • 90 ZAR
  • 5 SGD
  • 1800 HUF

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.

XM

Opening an account with XM Group is straightforward and quick.

Account Types

BrokerThinkMarketsXM
Account Types
3.3/5
4.3/5
Trading Accounts
  • Standard
  • ThinkZero
  • Standard
  • Micro
  • XM Ultra Low
  • Shares
Minimum Deposit
  • 1 USD
  • 5 USD
  • 5 EUR
  • 5 GBP
  • 5 AUD
  • 5 CHF
  • 750 JPY
  • 20 PLN
  • 90 ZAR
  • 5 SGD
  • 1800 HUF
Spreadfrom 0 pointsfrom 0 points
Max Leverage1:5001:1000
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • ETF
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • Cryptocurrency
Trading Platforms
  • MetaTrader 4
  • MetaTrader 5
  • ThinkTrader
  • MetaTrader 5
  • MetaTrader 4
Demo Account
Swap-free Account

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

  1. Free VPS
  2. Ability to copy trades of successful traders

Cons

  1. Lack of cent accounts and fixed spread accounts
  2. No Islamic account

XM

XM broker offers various account types to satisfy the needs of different traders, from beginners to professionals.

Pros

  1. A wide choice of accounts for different experience levels.
  2. Flexible trading conditions (leverage, deposit).
  3. Specialized accounts for stock trading.

Cons

  1. No fixed spread accounts.
  2. No ECN or STP accounts.

Commissions

BrokerThinkMarketsXM
Commissions
2.3/5
2.5/5
Spreadfrom 0 pointsfrom 0 points
Average Spread (EURUSD)1.21.7
Commission per Lot$3.5

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

  1. Transparent commission structure.

Cons

  1. Conversion fee for withdrawals in a currency other than the base currency.
  2. Inactivity fee.

XM

XM's commissions are rated as average.

Pros

  1. Low spreads on the Ultra Low account.
  2. No swaps on many currency pairs on the Ultra Low account.

Cons

  1. Wider spreads and higher swaps on the standard account.
  2. Inactivity fee.

Deposit and Withdrawal

BrokerThinkMarketsXM
Rating
4/5
4.5/5
Account Funding Methods
  • Neteller
  • Skrill
  • Perfect Money
  • Bank Transfer
  • Visa
  • Mastercard
  • Neteller
  • Skrill
  • WebMoney
  • Perfect Money
  • SticPay
  • Visa
  • Mastercard

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

  1. Wide selection of deposit and withdrawal methods.
  2. No commission for most deposit and withdrawal cases.

Cons

  1. Conversion fee for withdrawals in a currency other than the base currency.
  2. Potential long withdrawal times due to meticulous transaction verification

XM

The broker offers convenient deposit and withdrawal methods with zero commission but lacks cryptocurrency support.

Pros

  1. Zero commission for deposits and withdrawals.
  2. A minimum limit of only 5 dollars.
  3. Quick processing of withdrawal requests.

Cons

  1. No cryptocurrency deposit/withdrawal options.

Markets and Products

BrokerThinkMarketsXM
Markets and Products
5/5
5/5
Forex4655
Precious Metals103
Energy Carriers33
Soft Commodities38
Indices1550
Stocks33051307
ETF364-
Cryptocurrency2158

ThinkMarkets

ThinkMarkets offers a highly diverse range of trading instruments.

XM

The broker offers a wide range of markets and products, including over 1500 items.

Pros

  1. A large selection of currency pairs.
  2. Access to CFDs on various assets.
  3. The ability to trade cryptocurrencies.

Trading Platforms

BrokerThinkMarketsXM
Rating
5/5
4/5
Trading Platforms
  • MetaTrader 4
  • MetaTrader 5
  • ThinkTrader
  • MetaTrader 5
  • MetaTrader 4

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.

XM

XM offers various versions of MT4 and MT5 platforms, providing flexibility in trading.

Pros

  1. Availability on various devices (PC, Mac, mobile).
  2. MultiTerminal for managing multiple accounts.
  3. WebTrader for browser-based trading.

Cons

  1. No alternatives to MetaTrader.

Analytics

BrokerThinkMarketsXM
Rating
4.5/5
5/5

ThinkMarkets

ThinkMarkets provides high-quality analytical tools, making trading informative and productive.

Pros

  1. Extensive set of market analysis tools.
  2. Availability of Traders' Gym for strategy testing.
  3. Daily trading signals and market news.

Cons

  1. Some tools are only available for certain types of accounts.

XM

Analytics at XM are extensive and varied, providing traders with valuable resources for making informed decisions.

Pros

  1. Exclusive market analysis from professionals.
  2. Trading signals and tools such as Autochartist.
  3. The option to listen to news recordings.

Cons

  1. Real account required to access all materials.

Education

BrokerThinkMarketsXM
Rating
4.7/5
4.5/5

ThinkMarkets

ThinkMarkets offers high-quality educational materials covering a wide range of topics.

Pros

  1. Wide range of topics in articles.
  2. Webinars from experts.
  3. Materials for traders of all levels.

Cons

  1. Lack of video tutorials.

XM

XM's educational materials are extensive and varied, suitable for all experience levels.

Pros

  1. A wide range of materials: webinars, videos, seminars.
  2. Available in different languages.
  3. Daily online sessions with experts.

Cons

  1. Lack of textual materials and books.
  2. No personalized learning options.

Customer Support

BrokerThinkMarketsXM
Rating
5/5
4/5
Email Support
  • support@thinkmarkets.com
  • support@xm.com
Hotline Phones
  • +44 203 514 2374
  • +61 3 9093 3400
  • +5012236696
Social Media

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.

XM

XM's technical support offers 24/7 access through various channels, but the service quality is inconsistent.

Pros

  1. Round-the-clock support.
  2. A variety of communication channels.
  3. Quick responses in some cases.

Cons

  1. Ineffectiveness of solutions, according to reviews.

Comparisons of ThinkMarkets and XM with other brokers

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.