| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| AvaTrade | $100 Minimum Deposit | MT4, MT5, Web Trader, AvaOptions Minimum | 1000+ Markets To Trade | AvaTrade offers trading, including automated trading on MT4 and MT5 and provides a user friendly Web Trader and Vanilla Options trading on AvaOptions About |
| ThinkMarkets | None Minimum Deposit | MT4, MT5, ThinkTrader Trading Platforms | 3500+ Markets To Trade | ThinkMarkets provides trading (including automated trading) on MT4 and MT5, provides user friendly ThinkTrader and can offers Forex spreads from 0, plus commission About |
AvaTrade vs ThinkMarkets Comparison
Both of these brokers offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) and allow the use of Expert Advisors (EAs). EAs are automated trading strategies which the trader can use, modify and build. These will execute trades on behalf of the trader, in accordance with the instructions with which they are programmed.
AvaTrade also provides a dedicated FX Options trading platform (AvaOptions). ThinkMarkets also provides ThinkTrader which is a user friendly platform designed for the trader who executes their own trades. AvaTrade also provides a user friendly web trader.
Both brokers offer spread betting on MetaTrader in the UK as well as CFD trading in the UK and elsewhere.
ThinkMarkets does not have a minimum deposit for its Standard account, but for its ThinkZero account, has a minimum deposit of $500. The ThinkZero account offers trading with potentially low spreads plus a commission charge.
AvaTrade can offer a wider range of markets to trade.
AvaTrade is regulated by the CBI in Ireland, the ASIC in Australia, the FSCA in South Africa, the FSA and the FFAJ in Japan and the FSC in the British Virgin Islands.
ThinkMarkets is regulated by the FCA in the United Kingdom and the ASIC in Australia and is licensed by the FSCA in South Africa.
Quick comparison
Each provides MT4 and MT5. Both provide CFD trading and spread betting in the UK and CFD trading elsewhere. ThinkMarkets additionally offers ThinkTrader, while AvaTrade has FX Options trading on its AvaOptions platform and a user friendly web trader.
Minimum deposit and key account features
The minimum deposit for AvaTrade is $/€/£100. There is no minimum deposit for ThinkMarkets.
- AvaTrade provides an Economic Calendar on its web site and Trading Central (which provides analysis). Additionally AvaTrade offers AvaSocial which supports social and copy trading. AvaTrade allows the use of EA trading robots.
- ThinkMarkets offers both CFD trading and spread betting. It offers the Standard account and the ThinkZero account. An Islamic account is available. ThinkMarkets utilises Equinix data centers for all account types, namely LD4 (London) and HK4 (Hong Kong). There is no minimum deposit for the Standard account. The minimum deposit for the ThinkZero account is $/£500. The Standard account does not charge commissions, the ThinkZero account does charge a commission. EAs and scalping are allowed. The minimum trade size is 0.01 standard lots.
- ThinkMarkets account types provide 24/6 Live Support and a free VPS Service, T&Cs apply. The ThinkZero account also offers AutoChartist and an account manager. Market News and Webinars are available from the website. Additionally ThinkMarkets supports social and copy trading via ZuluTrade.
Markets
- AvaTrade offers spread betting (in the UK), in Forex, Indices, Energy and Metals, with 35+ available.
- AvaTrade offers CFD trading in Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks, Soft Commodities, ETFs, Options and Bonds, with 1000+ available.
- ThinkMarkets offers CFD trading is Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, with 3500+ available.
- ThinkMarkets offers spread betting (in the UK), in Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, for a total of 130+ markets
| Broker | Trading Platforms | Description |
|---|---|---|
| AvaTrade Broker | MT4, MT5, Web Trader, AvaOptions Trading Platforms | AvaTrade offers trading on MT4 and MT5 (allowing automated trading) and provides a user friendly Web Trader and Vanilla Options trading on AvaOptions Description |
| ThinkMarkets Broker | MT4, MT5, ThinkTrader Trading Platforms | ThinkMarkets offers trading on MT4 and MT5 (with automated trading), provides its user friendly ThinkTrader platform and has 3500+ Stocks CFDs Description |
Leverage
Maximum leverage for AvaTrade (CBI regulated) is . Maximum leverage for ThinkMarkets (FCA regulated) is .
Online trading platforms
AvaTrade offers MT4, MT5, its web trader and AvaOptions as well as apps. ThinkMakets offers MT4, MT5 and ThinkTrader and apps.
Why AvaTrade or ThinkMarkets ?
Traders who want to trade on MT5 and MT4 may do so at either. Traders who want to trade on a user friendly Web Trader can do this at both. Traders who want to trade with robots may also do so at both. Traders who want to trade Vanilla Options can do this at AvaTrade. Those who want to trade 3500+ Stocks CFDs, can do so at ThinkMarkets.
Comparison summary
- Both brokers offer CFD trading
- Each offers MT4 and MT5
- In the UK, ThinkMarkets and AvaTrade also offers spread betting
- ThinkMarkets also provides ThinkTrader
- AvaTrade offers its user friendly web trader
- ThinkMarkets has no minimum deposit on its Standard account
- ThinkMarkets offers 3500+ Stocks CFDs
- AvaTrade offers Vanilla Options CFD trading
