| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| FXTM | $10 Minimum Deposit | MT4, MT5 Trading Platforms | 1000+ Markets To Trade | FXTM offers MetaTrader 4 and MetaTrader 5 and has a Micro (cent) account with a low minimum deposit About |
| ThinkMarkets | None Minimum Deposit | MT4, MT5, ThinkTrader Trading Platforms | 3500+ Markets To Trade | ThinkMarkets provides MT4 and MT5 and offers user friendly ThinkTrader, and has no minimum deposit for its Standard account About |
FXTM and ThinkMarkets Comparison
FXTM provides a Micro (Cent) account with a very low minimum deposit. ThinkMarkets has a Standard account with no minimum deposit. Each offers MT4 and MT5. However ThinkMarkets provides ThinkTrader for its Standard account, along with MT4 and MT5.
While each offers CFD trading, in the UK ThinkMarkets can also provide spread betting on MT4 and MT5. Both brokers offer trading accounts which can low Forex spreads plus a commission charge, for a higher minimum deposit and allow the use of Expert Advisors (MetaTrader trading robots).
Both brokers are regulated by the FCA in the United Kingdom and licensed by the FSCA in South Africa. ThinkMarkets is additionally regulated by the ASIC in Australia. FXTM is additionally regulated by the FSC in Mauritius.
Quick comparison
Both brokers offer MT4 and MT5. ThinkMarkets also provides user ThinkMarkets and has more markets to trade overall.
Minimum deposit and account types
The minimum deposit for FXTM is $10 ($50 in the EEA). ThinkMarkets does not have a minimum deposit for its Standard account and for its ThinkZero account has a minimum deposit of $500.
- FXTM offers three account types: Micro, Advantage and Advantage Plus. The minimum deposit for the Micro account is $10 (MT4 only is offered on this account). The minimum deposit for the Advantage and Advantage Plus account is $500. The Micro account is a Cent type account with low minimum trade sizes. The Advantage account offers spreads from 0 plus a commission charge. The Micro and the Advantage Plus accounts offer spreads from 1.5 without a commission charge. FXTM provides Market Analysis Videos and Podcasts, a Forex News Timeline, Education, Market Outlook and an Economic Calendar. Copy trading is provided via FXTM Invest. The minimum trade size is 0.0001 lots.
- ThinkMarkets offers both CFD trading and spread betting. It provides 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
- FXTM offers Forex, Metals, Energy, Indices and Stocks, with 1000+ available.
- ThinkMarkets offers Forex, Metals, Energy, Indices, Stocks, Soft Commodities and Cryptocurrencies, with 3500+ available.
| Broker | Trading Platform | Description |
|---|---|---|
| ThinkMarkets Broker | MT4, MT5, ThinkTrader Trading Platforms | ThinkMarkets offers trading on MT4 and MT5, with spreads from 0 plus commission, provides user friendly ThinkTrader and 3500+ Stocks CFDs Description |
| FXTM Broker | MT4, MT5 Trading Platforms | FXTM provides MT4 and MT5, offers a Cent account with a $10 minimum deposit Description |
Spreads and leverage
Both brokers can provide low spreads plus a commission charge. FXTM can additionally offer Forex spreads from 1.5 without a commission charge, while ThinkMarkets can provide Forex spreads from 0.4 without a commission charge.
Maximum leverage at FXTM (FCA or CySEC regulated) is . Maximum leverage for ThinkMarkets (FCA regulated) is .
Commissions
- FXTM charges a commission starting at $0.40 per lot per side, depending on the equity in the account and the volume traded. Commision is charged on the Advantage account.
- ThinkMarkets does not charge a commission on the Standard account and charges a commission of $3.5 per lot per side for the ThinkZero account.
Online trading platforms
Both brokers offer MT4 and MT5. ThinkMarkets additionally provides ThinkTrader.
Why FXTM or ThinkMarkets ?
Traders who want to trade on MetaTrader 4 (MT4) and MetaTrader 5 (MT5) can find these platforms at both brokers. Traders can trade with low spreads plus a commission charge at either broker. Traders who want to trade on a user friendly platform for traders who execute their own trades, can find ThinkTrader at ThinkMarkets. Traders who want to trade with very low trade sizes can find a Cent account at FXTM. Those who want to trade a relatively large number of Stocks CFDs, can do so at ThinkMarkets.
Comparison summary
- Both brokers provide CFD trading
- In the UK, ThinkMarkets additionally offers spread betting
- Each provides MT4 and MT5
- ThinkMarkets additionally offers ThinkTrader
- ThinkMarkets has no minimum deposit for its Standard account
- FXTM has a low minimum deposit and offers a Cent account
