| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| FXGiants | $100 Minimum Deposit | MT4 Trading Platforms | 300+ Markets To Trade | FXGiants offers MT4 trading with a wide range of account types, including fixed spreads About |
| ThinkMarkets | None Minimum Deposit | MT4, MT5, ThinkTrader Trading Platforms | 3500+ Markets To Trade | ThinkMarkets offers MT4 and MT5 trading (including automated trading), provides user friendly ThinkTrader and has 3500+ Stocks CFDs About |
FXGiants and ThinkMarkets Comparison
FXGiants has a range of account types, divided into those which offers instant execution and those which offer market execution. ThinkMarkets has a Standard account, which does not charge commissions and other accounts which do. Some of FXGiants's accounts charge commissions, others do not.
Both brokers provide MT4, but ThinkMarkets offers this platform on its ThinkZero account (which charges commissions), along with MT5. For its Standard account, ThinkMarkets provides ThinkTrader and MT4 and MT5.
Both offer a similar number of markets, but ThinkMarkets has more. ThinkMarkets, in addition to CFD trading, offers spread betting on MT4 and MT5. For its ThinkZero accounts, ThinkMarkets has a higher minimum deposit, but has no minimum deposit requirement for its Standard account.
Quick comparison
Both offer MT4 trading and a range of other account types. ThinkMarkets also has MT5 and the ThinkTrader platform. In the UK ThinkMarkets offers spread betting on MT4 ans MT5, as well as CFD trading.
Minimum deposit and account types
The minimum deposit for FXGiants is $100 and for its STP/ECN accounts is $500. ThinkMarkets does not have a minimum deposit for its Standard account and for its ThinkZero account has a minimum deposit of $500.
- FXGiants offers five account types, the Micro account, the Premium account, the 0 Fixed Spread account, the STP/ECN No Commission account and the STP/ECN 0 Spread account. Only the STP/ECN accounts provide market execution, the others are instant execution. The Micro and Premium accounts have two types, Live Fixed or Live Floating Spread. The 0 Fixed Spread account offers fixed spreads from 0 plus a commission charge. The STP/ECN 0 Spread account offers variable ECN spreads from 0, with a commission charge. FXGiants provides economic news and an economic calendar on its website.
- The minimum deposit for FXGiants's Micro account is $100, the minimum deposit for the Premium account is $2,500, the minimum deposit for the 0 Fixed Spread, STP/ECN No Commission and STP/ECN 0 Spread accounts is $500. FXGiants allows scalping and EAs. FXGiants provides economic news and an economic calendar on its website. All accounts have a minimum trade size of 0.01 lots.
- 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 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
- FXGiants provides 300+ covering Forex, Indices, Energy, Metals, Shares, Cryptocurrencies and Soft Commodities.
- ThinkMarkets offers 3500+ covering Forex, Indices, Energy, Metals, Shares, Cryptocurrencies and Soft Commodities.
| Broker | Trading Platforms | Description |
|---|---|---|
| FXGiants Broker | MT4 Trading Platforms | FXGiants offers trading on MT4, with a wide range of trading accounts including STP/ECN and fixed spreads Description |
| ThinkMarkets Broker | MT4, MT5, ThinkTrader Trading Platforms | ThinkMarkets offers trading on MT4 and MT5 (including automated trading), provides its user friendly ThinkTrader platform and has 3500+ Stocks CFDs Description |
Spreads
Both brokers can offer Forex spreads from 0 plus a commission charge. FXGiants can offer Forex spreads from 0.5 without a commission charge, while ThinkMarkets can provide Forex spreads from 0.4 without a commission charge.
Maximum leverage for FXGiants Bermuda is 500:1. Maximum leverage for ThinkMarkets (ASIC regulated) is 500:1.
Commissions
- FXGiants charges a commission of $13 per lot round trip for its ECN Zero account and does not charge a commission for its ECN No Commission account.
- 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. ThinkMarkets additionally offers ThinkTrader. ThinkTrader is available for the Standard account and MT4 and MT5 are available for all account types (including spread betting). These platforms are offered for desktop, tablet and mobile.
Why FXGiants or ThinkMarkets ?
Traders who want to trade on MT4 may do so at either FXGiants or ThinkMarkets. Those who want to trade on MT5 can do so at ThinkMarkets. Traders who want to trade on a user friendly platform with a reltively large number of markets, can find ThinkTrader at ThinkMarkets.
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
- ThinkMarkets additionally offers ThinkTrader
- Overall, ThinkMarkets offers more markets to trade (3500+)
