Compare ThinkMarkets vs RoboMarkets
What is ThinkMarkets? What is RoboMarkets?
ThinkMarkets is an online broker that provides trading services for forex, shares, indices, precious metals, commodities and cryptocurrencies. It is regulated by the FCA and ASIC, and has offices in 11 countries.
RoboMarkets is an online broker that offers trading and investing services for stocks, forex, indices, metals, energy commodities, soft commodities and cryptocurrencies. It is regulated by the CySEC, and has a partnership with BMW M Motorsport.
ThinkMarkets vs RoboMarkets Regulation Comparison
ThinkMarkets is authorised and regulated by the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC) in Australia. These are two of the most reputable and strict regulators in the world, which means that ThinkMarkets has to comply with high standards of security, transparency and customer protection.
RoboMarkets is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) in Cyprus. This is also a well-known and respected regulator in Europe, which means that RoboMarkets follows the rules and regulations of the EU/EEA countries. RoboMarkets also provides negative balance protection to its clients.
ThinkMarkets vs RoboMarkets Trading Assets Comparison
ThinkMarkets offers over 4,000 instruments for trading, including over 40 forex pairs, over 3,000 stocks from NYSE and NASDAQ, 25 indices, 6 metals, 4 commodities and 9 cryptocurrencies.
RoboMarkets offers over 12,000 instruments for trading and investing, including over 3,000 stocks from NYSE and NASDAQ, over 40 forex pairs, 13 indices, 7 metals, 5 energy commodities, 8 soft commodities and 26 cryptocurrencies.
ThinkMarkets vs RoboMarkets Trading Fees Comparison
ThinkMarkets charges no commission on most of its instruments, except for share CFDs and cryptocurrencies. It also offers competitive spreads from 0.4 pips on forex pairs and from 0 points on indices. ThinkMarkets does not charge any deposit or withdrawal fees.
RoboMarkets charges no commission on some of its instruments, such as stocks on R StocksTrader platform and forex pairs on Prime accounts. It also offers low spreads from 0 pips on forex pairs and from 0 points on indices. RoboMarkets does not charge any deposit fees, but it may charge some withdrawal fees depending on the payment method.
ThinkMarkets vs RoboMarkets Account Types Comparison
ThinkMarkets offers four types of accounts: Standard, Pro, ThinkZero and Islamic. The minimum deposit for Standard and Islamic accounts is $100 USD / EUR / GBP, while for Pro and ThinkZero accounts it is $500 USD / EUR / GBP. The main differences between the accounts are the spreads, commissions and leverage levels.
RoboMarkets offers five types of accounts: Pro-Cent, Pro-Standard, ECN-Pro NDD, Prime and R StocksTrader. The minimum deposit for all accounts except R StocksTrader is $100 USD / EUR / GBP, while for R StocksTrader it is $500 USD. The main differences between the accounts are the execution type, spreads, commissions and leverage levels.
ThinkMarkets vs RoboMarkets Deposit Options Comparison
ThinkMarkets supports various deposit and withdrawal options, such as bank wire transfer, credit/debit cards (Visa/Mastercard), e-wallets (Skrill/Neteller/PayPal), online payment systems (POLi/PaySafeCard/Rapid Transfer) and cryptocurrencies (Bitcoin/Ethereum/Litecoin/Ripple/Bitcoin Cash).
RoboMarkets also supports various deposit and withdrawal options, such as bank wire transfer, credit/debit cards (Visa/Mastercard), e-wallets (Skrill/Neteller/WebMoney), online payment systems (Trustly/Sofort/iDEAL) and cryptocurrencies (Bitcoin/Ethereum/Litecoin/Ripple/Bitcoin Cash).
ThinkMarkets vs RoboMarkets Trading Platforms Comparison
ThinkMarkets offers three trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5) and ThinkTrader. MT4 and MT5 are popular platforms that support automated trading strategies, custom indicators and advanced charting tools. ThinkTrader is a proprietary platform that has an intuitive design, powerful analytical tools and a consistent trading experience across mobile, desktop and web.
RoboMarkets also offers three trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5) and R StocksTrader. MT4 and MT5 are similar to ThinkMarkets’ platforms, but with some additional features such as an economic calendar and a strategy tester. R StocksTrader is a proprietary platform that provides access to trading over 12,000 instruments, including fractional shares and ETFs.
ThinkMarkets vs RoboMarkets Analytical Tools Comparison
ThinkMarkets provides its clients with various analytical tools, such as trading guides, expert insights, market news, economic calendar, Autochartist, trading signals and VPS. These tools can help traders to improve their trading knowledge, skills and performance.
RoboMarkets also provides its clients with various analytical tools, such as market analytics, economic calendar, trading calculators, R Trader Strategy Builder, CopyFX and RAMM. These tools can help traders to access market information, analysis and education, as well as to create, test and copy trading strategies.
ThinkMarkets vs RoboMarkets. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer as to which forex broker is better, as different brokers may suit different traders’ needs, preferences and goals. However, here are some tips to help you choose the right broker:
- If you are looking for a broker that is regulated by more reputable and strict authorities, you may prefer ThinkMarkets, as it is authorised by the FCA and ASIC, while RoboMarkets is licensed by the CySEC .
- If you are looking for a broker that offers more trading instruments, especially cryptocurrencies, you may prefer RoboMarkets, as it has over 12,000 instruments, including 26 cryptocurrencies, while ThinkMarkets has over 4,000 instruments, including 9 cryptocurrencies .
- If you are looking for a broker that charges lower trading fees, you may need to compare the spreads and commissions of each broker for the specific instruments you want to trade. Generally speaking, ThinkMarkets charges no commission on most of its instruments, except for share CFDs and cryptocurrencies, while RoboMarkets charges no commission on some of its instruments, such as stocks on R StocksTrader platform and forex pairs on Prime accounts . Both brokers offer low spreads from 0 pips on forex pairs and from 0 points on indices .
- If you are looking for a broker that has more account types to choose from, you may prefer RoboMarkets, as it has five types of accounts: Pro-Cent, Pro-Standard, ECN-Pro NDD, Prime and R StocksTrader, while ThinkMarkets has four types of accounts: Standard, Pro, ThinkZero and Islamic . The main differences between the accounts are the execution type, spreads, commissions and leverage levels.
- If you are looking for a broker that supports more deposit and withdrawal options, you may find both brokers equally convenient, as they both support various payment methods, such as bank wire transfer, credit/debit cards, e-wallets, online payment systems and cryptocurrencies . However, RoboMarkets may charge some withdrawal fees depending on the payment method, while ThinkMarkets does not charge any deposit or withdrawal fees.
- If you are looking for a broker that offers more trading platforms to use, you may find both brokers equally satisfactory, as they both offer three trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5) and their own proprietary platforms. MT4 and MT5 are popular platforms that support automated trading strategies, custom indicators and advanced charting tools. ThinkTrader is a proprietary platform that has an intuitive design, powerful analytical tools and a consistent trading experience across mobile, desktop and web. R StocksTrader is a proprietary platform that provides access to trading over 12,000 instruments, including fractional shares and ETFs .
- If you are looking for a broker that provides more analytical tools to help you with your trading decisions, you may find both brokers equally helpful, as they both provide various tools such as market news, economic calendar, trading signals and VPS. However, RoboMarkets also offers some unique tools such as R Trader Strategy Builder, CopyFX and RAMM, which can help you to create, test and copy trading strategies.
