ThinkMarkets vs FP Markets: Which One is Better for You?


ThinkMarkets vs FP Markets, 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 ThinkMarkets vs FP Markets, here is the direct comparison:

Feature ThinkMarkets FP Markets

Rating

General Rating 4.09/5
4.52/5
Trustpilot 4.1/5
4.9/5

General Information

Office(s) Australia, United Kingdom Australia
Regulation ASIC, 424700
FCA (UK), 629628
FSCA (South Africa), 06.03.2019
ASIC, 286354
CySEC, 371/18
Established 2010 2005
Minimum Deposit $250 $100
Maximum Leverage 1:500 1:500
Spread Variable Variable
Commissions $3.50 $3.50
Minimum Position 0.01 lot 0.01 lot
Payment Bitcoin, BPAY, Credit/debit cards, Neteller, Skrill, UnionPay, Wire transfer Credit/debit cards, FasaPay, Local bank transfer, Neteller, Skrill, Wire transfer

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM 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
Futures
Oil
Binary options
Metals
Energies
ETF
Bonds
Agriculture
Soft commodities
Options

Customer Support

Website Languages Arabic, English, German, Greek, Indonesian, Malay, Spanish, Vietnamese Chinese, English, French, Indonesian, Italian, Malay, Portuguese, Russian, Spanish, Vietnamese
Email Support
Call Support
Chat Support

User Reviews

Salman

Sep 11 2020

I have an issue with my account and trading platform. Then after contacted their support, not waiting for a long time, my problem is solved. Such a good work.


Gigi M

Sep 11 2020

They have been very good to me. I started trading with ThinkMarkets because they were the only broker who offered cryptocurrencies trading but now I am also trading FX and Metals. Very convenient to have everything in one place.


S. Peter

Sep 11 2020

I have been trading with Think Markets.
The account opening process with Think was pretty straightforward and depositing funds was easy. I tested withdrawing some funds so that I could trust their processes and these were returned to me within 24 hours which boosted my confidence in Think.
Customer Service is great but there was a little confusion re Cyrpto Currencies at the end of last year hence i'm not at this stage going to give 4 stars but they seem to have now wrinkled out any product offering issues.
Trading reliability is good with pretty accurate order fills and reliable systems.
Product range could be greater but there is enough to keep me busy at this stage.


Reneer S

Sep 11 2020

Fast withdrawals and good execution. Platform always up in news etc. They are super.


Maynakas

Sep 11 2020

I was encouraged to share my opinion as the last reviewer has some issue with withdrawal as well so I feel not alone with the issue.
If you want to practice on small amount and not expected to win this shop is right for you, but if you go big and profitable find another one. This is not for profitable players.


Lily Allen

Sep 13 2020

Opened an account to trade stock CFDs, i thought they must have had a promotion on as they do not charge any commissions what so ever for trading stocks. I did contact one of their reps and they confirmed that commission free on stocks was here to stay. It's great, i can trade as little or as much as i want without getting hit with commission tickets and go long or short. For the past month I've been day trading US stocks, the volatility has been great and i can be in and out of trades all the time. They do need to increase the number of stocks they do as it is limited to the big names only. I've also started hedging via their US indexes, still trying to find the perfect strategy!


qazwsxedc46

Sep 13 2020

When it comes to spreads, they are no 1. They have an amazing suppor too. I have no issues with them until now.


Camilla H

Sep 11 2020

I have a mini account for testing trading strategies, for about 2 years everything went very well. Recently I faced a problem with some orders opened at unrealistic prices, followed by huge slippages for S/L. I completed a request for investigation, promptly and fairly they confirmed that the trades were erroneously opened due to AUDUSD spike and they refunded me. I stopped trading just because it wasn't suited, I mostly placed buy stop orders that were risky at spikes.


Barton

Sep 11 2020

I heard that if you start to complain to this broker, you'll know that they are actually certified from countries in Bermuda, not FCA, AFCA, etc.


Jessica Wang

Sep 11 2020

It has been a good experience and profitable trades with ThinkMarkets. That I did is I just followed my plan and risk management. Kindly advise you that you need to be educated or just find a good signal provider




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, ThinkMarkets provides their pricing with Variable while FP Markets offers Variable.



ThinkMarkets vs FP Markets: 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, ThinkMarkets enables trading with MetaTrader 4, Trade Interceptor. The offer is supported with Mobile trading, Pending orders. In comparison, FP Markets provides trading with MetaTrader 4, MetaTrader 5, IRESS Suite with the support of Mobile trading, Browser-based platform, Trailing stop, Pending orders.



Is ThinkMarkets or FP Markets 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, ThinkMarkets supports trading with Forex, Gold & silver, CFD, Indexes, Cryptocurrencies, while FP Markets presents the ability of trading with Forex, Indexes, Metals.

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. To help you decide, this article here presents complete information on what you have to consider when choosing a forex broker:

Trade with the Best Broker, Win Like a Boss

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