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:
|Office(s)||Australia, United Kingdom||Australia|
FCA (UK), 629628
FSCA (South Africa), 06.03.2019
|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|
|US traders are welcome|
|Requires sending documents via postal mail|
|Overnight interest rates (swaps)|
|Trading by telephone|
|Interest rate on funds|
Trading Platforms and Complements
|Trading via API|
|One-Cancels-Other (OCO) orders|
|Gold & silver|
|Website Languages||Arabic, English, German, Greek, Indonesian, Malay, Spanish, Vietnamese||Chinese, English, French, Indonesian, Italian, Malay, Portuguese, Russian, Spanish, Vietnamese|
SalmanSep 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 MSep 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. PeterSep 11 2020
I have been trading with Think Markets.
Reneer SSep 11 2020
Fast withdrawals and good execution. Platform always up in news etc. They are super.
MaynakasSep 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.
Lily AllenSep 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!
qazwsxedc46Sep 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 HSep 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.
BartonSep 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 WangSep 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:
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