| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| FXCC | $100 Minimum Deposit | MT4 Trading Platform | 90+ Markets To Trade | FXCC offers trading on MT4, allowing automated trading with EA robots About |
| ThinkMarkets | None Minimum Deposit | MT4, MT5, ThinkTrader Trading Platforms | 3500+ Markets To Trade | ThinkMarkets provides trading on MT4 and MT5, allowing automated trading, provides user friendly ThinkTrader and offers 3500+ Stocks CFDs About |
FXCC and ThinkMarkets Comparison
These brokers each offer MT4 trading. ThinkMarkets additionally provides MT5. ThinkMarkets has a range of account types, covering both trading with and without a commission charge. FXCC focuses on ECN trading and provides an account which can offer ECN calibre spreads, without a commission charge. ThinkMarkets's Standard accounts can provide tight spreads, without a commission charge.
In addition to MT4 and MT5, ThinkMarkets offers ThinkTrader. Both brokers support automated trading on MT4 (and on MT5 at ThinkMarkets). In the UK, ThinkMarkets provides spread betting on MT4 and MT5.
FXCC is regulated by the CySEC in Cyprus, ThinkMarkets is regulated by the FCA in the United Kingdom and by the ASIC in Australia and is licensed by the FSCA in South Africa.
Quick comparison
Both offer MT4 (though ThinkMarkets has a higher minimum deposit for this). ThinkMarkets also provides the ThinkTrader platform, providing additional support to traders who make their own trading decisions, as well as MT5.
Minimum deposit and account types
The minimum deposit for FXCC is $100. ThinkMarkets does not have a minimum deposit for its Standard account and for its ThinkZero account has a minimum deposit of $500.
- FXCC provides three account types. These are the ECN Standard account, the ECN XL account and the ECN Advanced account. FXCC's ECN XL account has a minimum deposit of $100, the ECN Standard account has a minimum deposit of $10,000 and the ECN Advanced account has a minimum deposit of $100,000.
- All FXCC account types provide the MT4 platform, ECN/STP order execution, mobile trading, free technical analysis, SMS notifications, VPS, Economic Calendar and Trading Tools, allow Expert Advisors, scalping and hedging and provide a personal account manager. The ECN XL account additionally can offer zero commissions (T&Cs apply) and zero mark-up. The ECN Advanced account provides more markets to trade than the other account types (200+ vs 30). In some regions, 90+ markets are offered on the ECN XL account. All trading styles are allowed at FXCC and a news feed and analysis is available on the website.
- 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.
- 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
- FXCC offers 90+, covering Forex, Metal, Indices, Energy and Cryptocurrencies.
- ThinkMarkets offers 3500+, covering Forex, Metals, Indices, Energy, Cryptocurencies, Soft Commodities and Shares.
| Broker | Trading Platforms | Description |
|---|---|---|
| FXCC Broker | MT4, MT5 Trading Platforms | FXCC offers trading on MT4 including its ECN XL account with low spreads without a commission charge Description |
| ThinkMarkets Broker | MT4, MT5, ThinkTrader Trading Platforms | ThinkMarkets offers trading on MT4 and MT5, allowing automated trading and offering spreads from 0, plus commission and provides user friendly ThinkTrader Description |
Spreads and leverage
Both brokers can offer low Forex spreads plus a commission charge. FXCC can additionally offer low ECN Forex spreads without a commission charge. ThinkMarkets can additionally provide Forex spreads from 0.4 without a commission charge.
Maximum leverage for FXCC is . Maximum leverage for ThinkMarkets (FCA regulated) is .
Commissions
- FXCC's ECN XL account does not charge commissions.
- FXCC's ECN Standard account charges commissions of 0.75 pips per lot per side for Forex and $7.5 per lot per side for Metals.
- FXCC's ECN Advanced account charges commissions of 0.4 pips per lot per side for Forex and $4 per lot per side for Metals, Energy and Indices.
- ThinkMarkets charges a commission of $3.5 per lot per side for the ThinkZero account.
Online trading platforms
Both brokers provide MT4, available for desktop, tablet and mobile. ThinkMarkets additionally offers MT5 and ThinkTrader, also available for desktop, tablet and mobile. Both brokers provide micro lot trading.
Why FXCC or ThinkMarkets ?
Traders who want to trade on MT4 may do so at either FXCC or ThinkMarkets. Traders who want to trade on MT5 can do this at ThinkMarkets. Those who want a user friendly platform with a reltively large number of markets can find ThinkTrader at ThinkMarkets. Traders who want to trade on an ECN account with no mark-up or commission charge, can do so at FXCC.
Comparison summary
- Both brokers provide CFD trading
- In the UK, ThinkMarkets additionally provides MT4 and MT5 spread betting
- Both offer MT4
- ThinkMarkets additionally provides MT5
- Each allows Expert Advisors (EAs)
- ThinkMarkets additionally provides ThinkTrader
- FXCC has an ECN account with no mark-up or commission charge
- ThinkMarkets offers 3500+ Stocks CFDs
