| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| RoboMarkets | $100 Minimum Deposit | MT4, MT5, R StocksTrader Trading Platforms | 12,000+ Markets To Trade | RoboMarkets offers a Cent account, trading on MT4 and MT5 and has 12,000+ Stocks CFDs on R StocksTrader About |
| ThinkMarkets | None Minimum Deposit | MT4, MT5, ThinkTrader Trading Platforms | 3,500+ Markets To Trade | ThinkMarkets offers trading on MT4 and MT5 and on user friendly ThinkTrader, allows automated trading and has 3,500+ Stocks CFDs to trade About |
RoboMarkets vs ThinkMarkets Comparison
These brokers each offer MetaTrader 4 (MT4). RoboMarkets additionally provides MetaTrader 5 (MT5).
Both brokers offer relatively user friendly web traders, R StocksTrader in the case of RoboMarkets and ThinkTrader in the case of Thinkarkets, though ThinkTrader is for traders who execute their own trades, while R StocksTrader offers additional support for traders who want to build and run robots (in the cloud).
Both brokers allow the use of Expert Advisors (EAs), on MT4 and MT5. Each broker provides accounts which can offer low spreads plus a commission charge. RoboMarkets can additionally offer a Cent account, with low minimum trade sizes.
RoboMarkets is regulated by the CySEC in Cyprus. ThinkMarkets is regulated by the FCA in the United Kingdom and the ASIC in Australia and is licensed by the FSCA in South Africa.
ECN conditions
Both brokers allow news trading, scalping and automated trading and offer accounts which can have low spreads plus a commission charge. ThinkMarkets places its servers in Equinix data centers, for high speed order transmission.
Quick comparison
Both brokers offer MT4 and MT5. RoboMarkets additionally provides R StocksTrader, while ThinkMarkets additionally offers ThinkTrader. RoboMarkets offers a Cent account, with small trade sizes.
Minimum deposit and account types
The minimum deposit for RoboMarkets is $100. ThinkMarkets does not have a minimum deposit for its Standard account and for its ThinkZero account has a minimum deposit of $500.
- RoboMarkets offers accounts based around its three platforms, MT4, MT5 and R StocksTrader. MT4 and MT5 each offer a Pro-Standard, Pro-Cent, ECN and Prime accounts. RoboMarkets's R StocksTrader is a web trading platform, which has many more markets available than the other accounts. RoboMarkets also offers a CopyFX account (which supports transaction copying) and a RAMM account (which supports strategy copying).
- RoboMarkets's minimum deposit for all accounts is $100. The Prime account is an ECN account with lower commission charges. RoboMarkets offers an Islamic (Swap Free) version for some of these accounts. The minimum trade size is 0.0001 lots. RoboMarkets provides a range of tools including analysis, an economic calendar, webinars and education. It offers the R StocksTrader Strategy Builder for building robots. EAs and scalping are allowed at RoboMarkets.
- ThinkMarkets offers both CFD trading and spread betting. It offers the Standard account and the ThinkZero account. An Islamic account is available. 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, ThinkZero account does charge a commission. The minimum trade size is 0.01 lots.
- ThinkMarkets supports social and copy trading via ZuluTrade. 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. ThinkMarkets offers Market News, Webinars, an Economic Calendar and Tutorials on its website.
Markets
- RoboMarkets offers Forex, Indices, Metals, Energy, Stocks, Soft Commodities, Cryptocurrencies and ETFs, with 12,000+ available.
- ThinkMarkets provides Forex, Indices, Metals, Energy, Stocks, Soft Commodities and Cryptocurrencies, with 3,500+ available.
| Broker | Trading Platforms | Description |
|---|---|---|
| RoboMarkets Broker | MT4, MT5, R StocksTrader Trading Platforms | RoboMarkets provides trading (including automated trading) on MT4, MT5 and R StocksTrader (which offers 12,000+ Stocks CFDs and robots on the cloud) Description |
| ThinkMarkets Broker | MT4, MT5, ThinkTrader Trading Platforms | ThinkMarkets provides MT4 and MT5 (allowing automated trading) and provides user friendly ThkinkTrader, with 3,500+ Stocks CFDs to trade Description |
Spreads and leverage
Both brokers offer low Forex spreads plus a commission charge. RoboMarkets additionally provides Forex spreads from 1.3 without a commission charge, while ThinkMarkets offers Forex spreads from 0.4 without a commission charge.
Maximum leverage for RoboMarkets (CySEC regulated) is . Maximum leverage at ThinkMarkets (FCA regulated) is .
Commissions
- RoboMarkets commission are $2 per lot per side for its ECN accounts except for its Prime account where they are $1.5 per lot per side.
- ThinkMarkets does not charge a commission on the Standard account and charges a commission of $3.5 per lot per side for its ThinkZero account.
Online trading platforms
Both brokers offer MT4 and MT5. RoboMarkets additionally provides R StocksTrader. ThinkMarkets additionally offers ThinkTrader.
Why RoboMarkets or ThinkMarkets ?
Traders who want to trade on MT4 or MT5 may do so at either. Traders who want to trade on user friendly ThinkTrader can do this at ThinkMarkets. Traders who want to use EA robots can do this at both. Traders who want to trade with a Cent account, can find one at RoboMarkets.
Comparison summary
- Both brokers provide CFD trading
- Each offers MT4
- RoboMarkets additionally provides MT5
- ThinkMarkets additionally offers ThinkTrader
- RoboMarkets additionally provides R StocksTrader
- Both have a relatively large number of Stocks CFDs
- Each allows automated trading
- RoboMarkets has a Cent account, with low minimum trade sizes
