Compare OANDA Vs ThinkMarkets: Which is the Better Forex Broker in 2024?
OANDA Vs ThinkMarkets, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between OANDA Vs ThinkMarkets, here is the direct comparison:
Compare | OANDA | ThinkMarkets |
General Rating |
3.11/5 |
2.87/5 |
Score | ||
Trustpilot |
3.6/5 544 users |
4.3/5 79 users |
πΌ Regulation | ||
β Info | ||
β Established | 1996 | 2010 |
π² Min Deposit | $0 | $0 |
β Max Leverage | 1:20 | 1:500 |
π’ Spread | Fixed | Variable |
πΈ Commissions | -$50/Mil commission for Core pricing | $3.50 |
π‘ Min Position | 0.00001 lot | 0.01 lot |
π³ Payment | Visa, Mastercard, ACH deposits, Bank transfer, Credit/debit cards, Wire transfer, Skrill and Neteller | Crypto, BPAY, Credit/debit cards, Ethereum, Neteller, PayPal, Skrill, Tether (USDT), Wire transfer and Perfect money |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Commodities | ||
Stock | ||
Indices | ||
Etf | ||
Bonds | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
Silver | ||
Index | ||
Physical Stock |
π£ Website Languages | English | Arabic, Chinese, Czech, English, German, Greek, Indonesian, Italian, Malay, Polish, Portuguese, Spanish, Thai, Vietnamese |
πͺ Trade Now | Open OANDA | Open ThinkMarkets |
Compare Again
Testimonials
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OANDA: Les risk
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OANDA: OANDA is the best broker I've ever know.
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OANDA: My EA doesn't work very well after some time. So...
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OANDA: My friend recommend me to trade with OANDA. But it...
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OANDA: I realize half on these commentaries are only half reliable....
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ThinkMarkets: I've been trading there for the last six months. A...
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ThinkMarkets: Very high and frequent slippage at us30 and nas100, us30...
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ThinkMarkets: I've trade with Thinkmarkets for a year now. So far...
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ThinkMarkets: Thank you my friend recommend me ThinkMarkets. Their customer service...
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ThinkMarkets: No negative experience with Thinkmarkets. Funding process are easy, the...
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See More OANDA Testimonials
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See More ThinkMarkets Testimonials
News
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ThinkMarkets Expands Trading Options with NETH25 and SWI20 Indices
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ThinkMarkets Expands Trading Options with Spread Betting on ThinkTrader
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ThinkMarkets Now Licensed to Serve MENA Traders with DFSA Approval
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ThinkMarkets Faces $4.28M Lawsuit: Must Return Client Funds
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ThinkMarkets Introduces TradingView Integration on ThinkTrader
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ThinkMarkets Stumbles: FG Acquisition Corp. Withdraws IPO Prospectus
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ThinkMarkets Introduces Mini Account with Dynamic Leverage
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Grab ThinkMarkets 100% Credit Bonus this Black Friday!
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Participate in the ThinkMarkets Demo Contest and Stand a Chance to Win USD5000!
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See More Related OANDA News
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See More Related ThinkMarkets News
Article
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How to Deposit and Withdraw in ThinkMarkets
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How to Open Account in ThinkMarkets
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Guide to Choose the Best OANDA Platform
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Standard Account Comparison: IC Markets or OANDA?
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10 Ways to Successful Trading from ThinkMarkets
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Forex Brokers in 2022: How OANDA Performed
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How to Open Account in OANDA
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All You Need to Know about OANDA Swap Free Account
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Forex.com or OANDA, Which is Better?
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See More Related OANDA Article
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See More Related ThinkMarkets Article
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- Comparison List
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, OANDA provides their pricing with Fixed spread while ThinkMarkets offers Variable spread.
OANDA vs ThinkMarkets: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, OANDA enables trading with FxTrade App, MetaTrader 5, Oanda Platform, MetaTrader 4. The offer is supported with . In comparison, ThinkMarkets provides trading with MetaTrader 4, MetaTrader 5, ThinkTrader, Social trading, Web with the support of One-click trading, Pending orders.
Is OANDA or ThinkMarkets better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, OANDA supports trading with Forex, Gold & silver, CFD, Crypto, Stock, Indices, Commodities, etf, while ThinkMarkets presents the ability of trading with Forex, Gold & silver, Stock CFD, Indexes, Crypto, Oil.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to OANDA and ThinkMarkets:
- Compare OANDA vs AvaTrade
- Compare OANDA vs FXOpen
- Compare OANDA vs DeltaStock
- Compare ThinkMarkets vs GOMarkets
- Compare ThinkMarkets vs HF Markets
- Compare ThinkMarkets vs Octa
For more comparisons, visit this page.