Compare NordFX vs ThinkMarkets
What is NordFX? What is ThinkMarkets?
NordFX is a forex broker that was established in 2008 and is regulated by VFSC (Vanuatu). ThinkMarkets is a forex and CFD broker that was established in 2010 and is regulated by ASIC (Australia), FCA (United Kingdom), FSA (Japan), FSCA (South Africa) and FSA (Seychelles).
NordFX vs ThinkMarkets Regulation Comparison
ThinkMarkets has more regulatory licenses than NordFX, which may indicate a higher level of trust and protection for traders. ThinkMarkets is also authorized to offer spread betting in the UK, which is a tax-efficient way of trading. NordFX does not have any license from major regulators such as ASIC, FCA or CySEC.
NordFX vs ThinkMarkets Trading Assets Comparison
ThinkMarkets offers a wider range of trading assets than NordFX, including forex, CFDs, indices, commodities, bonds, ETFs, shares, physical stocks and cryptocurrencies. NordFX only offers forex, CFDs, indices, gold & silver, crypto and binary options. ThinkMarkets also has more currency pairs (38 vs 33) and more cryptocurrencies (9 vs 4) than NordFX.
NordFX vs ThinkMarkets Trading Fees Comparison
Both brokers offer variable spreads, which means they can fluctuate depending on market conditions. The average EUR/USD spread for NordFX is 0.9 pips, while for ThinkMarkets it is 0.4 pips. However, NordFX also charges a commission of $3.5 per lot per side, while ThinkMarkets does not charge any commission. Therefore, the total trading cost for NordFX is higher than ThinkMarkets.
NordFX vs ThinkMarkets Account Types Comparison
NordFX offers three account types: Fix, Pro and Zero. The minimum deposit for all accounts is $10, and the maximum leverage is 1:1000. The Fix account has fixed spreads from 2 pips and no commission, the Pro account has variable spreads from 0.9 pips and no commission, and the Zero account has variable spreads from 0.3 pips and a commission of $3.5 per lot per side.
ThinkMarkets offers two account types: Standard and ThinkZero. The minimum deposit for the Standard account is $0, and for the ThinkZero account is $500. The maximum leverage for both accounts is 1:30 for EU clients and 1:500 for non-EU clients. The Standard account has variable spreads from 0.4 pips and no commission, while the ThinkZero account has variable spreads from 0 pips and a commission of $3.5 per lot per side.
NordFX vs ThinkMarkets Deposit Options Comparison
NordFX accepts deposits and withdrawals via WebMoney, Skrill, Wire transfer, Credit / debit cards, Neteller, Perfect Money and Dragonpay. ThinkMarkets accepts deposits and withdrawals via Crypto, BPAY, Credit/debit cards, Ethereum, Neteller, PayPal, Skrill, Tether (USDT) and Wire transfer.
NordFX vs ThinkMarkets Trading Platforms Comparison
Both brokers offer MetaTrader 4 as their main trading platform, which is a popular and user-friendly platform that supports automated trading, custom indicators and various order types. ThinkMarkets also offers MetaTrader 5, which is an upgraded version of MT4 with more features and tools. In addition, ThinkMarkets has its own proprietary platform called ThinkTrader, which is a mobile-friendly platform that offers advanced charting, trading signals and alerts.
NordFX vs ThinkMarkets Analytical Tools Comparison
Both brokers provide some analytical tools to help traders with their trading decisions. NordFX offers free education materials such as articles, videos and webinars on its website. It also provides market analysis and news from Trading Central on its MT4 platform.
NordFX vs ThinkMarkets. Which forex broker is better? Which forex broker should you choose?
I cannot tell you which forex broker is better or which one you should choose, as that depends on your personal preference, trading style and risk appetite. However, you can consider several factors such as regulations, trading assets, trading fees, account types, deposit and withdrawal options, trading platforms and analytical tools.
You can also read some user reviews and testimonials from other traders who have experience with NordFX and ThinkMarkets. In the end, the best way to find out which broker suits you best is to try it out for yourself by opening a demo account or a small real account and testing out their services.
