Compare XM Vs ThinkMarkets: Which is the Better Forex Broker in 2024?
XM 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 XM Vs ThinkMarkets, here is the direct comparison:
Feature | XM | ThinkMarkets |
General Rating |
3.38/5 |
2.87/5 |
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Score | 80 | 73 | |
Trustpilot |
2.6/5 591 users |
4.3/5 79 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 2009 | 2010 | |
💲 Min Deposit | $5 | $0 | |
⚖ Max Leverage | 1:1000 | 1:500 | |
🔢 Spread | Variable | Variable | |
💸 Commissions | $3.50 | $3.50 | |
💡 Min Position | 0.01 lot | 0.01 lot |
💳 Payment | WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, Western Union, CashU, QIWI, iDEAL, SOFORT, FasaPay, giropay, paysafecard and Moneta.Ru | Crypto, BPAY, Credit/debit cards, Ethereum, Neteller, PayPal, Skrill, Tether (USDT), Wire transfer and Perfect money | |
🏢 Office(s) |
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🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
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🗣 Website Languages | Arabic, German, Greek, English, Spanish, French, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Swedish, Thai, Turkish, Chinese | Arabic, Chinese, Czech, English, German, Greek, Indonesian, Italian, Malay, Polish, Portuguese, Spanish, Thai, Vietnamese |
🚪 Trade Now | Open XM | Open ThinkMarkets |
Testimonials
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XM: Explore!!!
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XM: full-fledged trading platform
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XM: THE BEST
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XM: Claim Bonus
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XM: Good for beginners
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XM: Explore!!!
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XM: full-fledged trading platform
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XM: THE BEST
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XM: Claim Bonus
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XM: Good for beginners
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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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XM: Explore!!!
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See More XM 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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Compete and Win USD2,500 in the XM Weekly Demo Contest
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XM Collaborates with EDF to Support Education for Disadvantaged Students
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XM Forex Broker and We Listen Malaysia Join Forces to Empower Orphans
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XM Collaborates with BenihBaik to Help Indonesia's Underprivileged Communities
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XM Holds Hand with Red Cross Home for the Disabled for Magical Disney Outing
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ThinkMarkets Faces $4.28M Lawsuit: Must Return Client Funds
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Unlock Your Fortune: Claim Your XM Angpao Bonus Today!
Articles
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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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Exploring XM Exclusive Technical Indicators
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Explore XM MT5 Performance in Various Devices
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Getting Started with XM Copy Trading for New Investors
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Earn Money by Sharing Strategy on XM Copy Trading
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Get to Know MT4 Platform with XM Video Tutorials
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Win Withdrawable Cash in XM Trading Competition
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Boost Your Trading Execution with XM VPS
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The Complete Guide to XM Turbo Stocks
Bonus
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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, XM provides their pricing with Variable spread while ThinkMarkets offers Variable spread.
XM 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, XM enables trading with MetaTrader 4, MetaTrader 5, Social Trading, Web. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, ThinkMarkets provides trading with MetaTrader 4, MetaTrader 5, ThinkTrader, Social trading, Web with the support of One-click trading, Pending orders.
Is XM 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, XM supports trading with Forex, Gold & silver, CFD, Oil, Crypto, Stocks, Commodities, Indices, 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 XM and ThinkMarkets:
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For more comparisons, visit this page.