Forex.com vs ThinkMarkets: Which One is Better for You?


Forex.com 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 Forex.com vs ThinkMarkets, here is the direct comparison:

Feature Go to Forex.com Go to ThinkMarkets

Rating

General Rating 3.97/5
4.09/5
Trustpilot 1.8/5

rated by 38 users
4.3/5

rated by 79 users

General Information

Office(s) Australia, United Kingdom and United States Australia, South Africa and United Kingdom
Regulation CFTC/NFA, 0339826
FCA (UK) 190864
FSA (Japan), 1539
IIROC, May 10, 2012
ASIC 424700
FCA (UK), 629628
FSCA (South Africa), FSP No 49835
Established 1999 2010
Minimum Deposit $250 $1
Maximum Leverage 1:200 1:500
Spread Variable Variable
Commissions $3.50
Minimum Position 0.1 lot 0.01 lot
Payment Credit/debit cards, SOFORT and Wire transfer Bitcoin, BPAY, Credit/debit cards, Ethereum, Neteller, PayPal, Skrill and Tether (USDT)
Official Website Visit Forex.com Visit ThinkMarkets

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account
Forex Demo Account

Trading Requirements

Hedging
US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Forex
CFD
Indexes
Spread betting
Gold & silver
Cryptocurrencies
Stocks
Binary options
Oil
Metals
Energies
Futures
ETF
Soft commodities
Options
Agriculture
Bonds

Customer Support

Website Languages Chinese, English Arabic, Chinese, Czech, English, German, Greek, Indonesian, Italian, Malay, Polish, Portuguese, Spanish, Thai, Vietnamese
Email Support
Call Support
Chat Support

Reviews

General Review Read Forex.com Review Read ThinkMarkets Review
User Reviews

Brian Kernel

Jul 22 2020

Forex.com takes a long time to withdraw (it can take more than 1 week). Somehow, Forex.com is a well-known and clearly registered broker. The important thing of this broker is their pair has a suffix (EURUSD to EURUSDPRO). For EA users, this suffix is quite annoying. It must be modified related to EA code as well.

Devina

Jul 22 2020

Forex.com is a good broker. I have tried the demo and planned to move to a real account sooner. My first deposit is going to be USD5,000.00. I wish it goes well xoxo

More User Review

crumberland

Jan 6 2022

Is there any fee for using ThinkTrader? I'm still looking for other options of trading platform, and ThinkTrader seems promising, it also has mobile version. Which is a win

pipperpepper

Dec 24 2021

Great mobile platform, which is a plus for a busy trader like me. Withdrawal takes around 5-7 working days, but I think that's okay.

More User Review

Start Trading

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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, Forex.com provides their pricing with Variable while ThinkMarkets offers Variable.



Forex.com 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, Forex.com enables trading with MetaTrader 4 (Limited with 30 days), DealBook 360 (Limited with 30 days), FOREXTrader PRO (Limited with 30 days), Forex.com Website Trading. The offer is supported with Browser-based platform, Pending orders. In comparison, ThinkMarkets provides trading with MetaTrader 4, MetaTrader 5, ThinkTrader with the support of Mobile trading, Browser-based platform, One-click trading, Trailing stop, Pending orders, One-Cancels-Other (OCO) orders.



Is Forex.com 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, Forex.com supports trading with Forex, CFD, Cryptocurrencies, while ThinkMarkets presents the ability of trading with Forex, Gold & silver, CFD, Indexes, Cryptocurrencies.

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 Forex.com and ThinkMarkets:

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