Compare Admiral Markets vs ThinkMarkets
What is Admiral Markets? What is ThinkMarkets?
Admiral Markets is a leading Forex and CFD broker that offers the MT4 and MT5 platforms, low fees and extensive educational tools. It was founded in 2001 and is regulated by FCA, CySEC, ASIC and JSC.
ThinkMarkets is a multi-regulated forex and CFD broker that offers a range of trading platforms, including MT4, MT5 and Trade Interceptor. It was founded in 2010 and is regulated by FCA, ASIC, FSCA, CySEC, JFSA and FSA Seychelles.
Admiral Markets vs ThinkMarkets Regulation Comparison
Both brokers are authorised by reputable regulators in multiple jurisdictions. Admiral Markets has three tier-1 licenses (Australia, Canada and UK), two tier-2 licenses (Cyprus and Estonia) and no tier-3 licenses.
ThinkMarkets has two tier-1 licenses (Australia and UK), two tier-2 licenses (Cyprus and South Africa) and one tier-3 license (Seychelles). A higher number of tier-1 licenses indicates a higher level of trustworthiness and investor protection.
Admiral Markets vs ThinkMarkets Trading Assets Comparison
Admiral Markets offers a wider range of trading assets than ThinkMarkets. Admiral Markets provides traders with 80 forex pairs, 6942 CFDs on indices, shares, commodities, cryptocurrencies, ETFs and bonds, as well as spread betting for UK clients.
ThinkMarkets offers 46 forex pairs, 1674 CFDs on indices, shares, commodities, cryptocurrencies and ETFs, as well as futures trading for some markets.
Admiral Markets vs ThinkMarkets Trading Fees Comparison
Both brokers offer competitive trading fees, but the exact costs depend on the account type, platform and instrument chosen.
Admiral Markets has four account types: Trade.MT4, Trade.MT5, Zero.MT4 and Zero.MT5. The Trade accounts have variable spreads starting from 0.5 pips for EUR/USD and no commission, while the Zero accounts have spreads from 0 pips for EUR/USD and a commission of $3 per lot per side.
ThinkMarkets has three account types: Standard, ThinkZero and VIP. The Standard account has variable spreads starting from 0.4 pips for EUR/USD and no commission, while the ThinkZero account has spreads from 0 pips for EUR/USD and a commission of $3.5 per lot per side. The VIP account has customised pricing and services for high-volume traders.
Admiral Markets vs ThinkMarkets Account Types Comparison
As mentioned above, both brokers offer different account types to suit different trading styles and preferences. Admiral Markets also offers an Islamic account option for Muslim traders who follow Sharia law.
ThinkMarkets also offers a PAMM account option for investors who want to copy the trades of professional managers.
Admiral Markets vs ThinkMarkets Deposit Options Comparison
Both brokers support various deposit and withdrawal methods, including credit cards, bank transfers, e-wallets and local payment options. However, Admiral Markets charges an inactivity fee of $10 per month after 24 months of no trading activity, while ThinkMarkets does not charge any inactivity fees.
Admiral Markets vs ThinkMarkets Trading Platforms Comparison
Both brokers offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) as their main trading platforms. These platforms are popular among traders for their advanced features, customisability and compatibility with expert advisors (EAs) and indicators. Admiral Markets also offers its own web-based platform called WebTrader that allows traders to access their accounts from any browser without downloading any software.
ThinkMarkets also offers its own mobile-based platform called Trade Interceptor that provides traders with advanced charting tools, technical analysis indicators and trading signals.
Admiral Markets vs ThinkMarkets Analytical Tools Comparison
Both brokers provide traders with various analytical tools to enhance their trading performance and decision making. Admiral Markets offers Trading Central, a third-party provider of market analysis, research reports, signals and indicators.
ThinkMarkets offers Autochartist, a third-party provider of automated pattern recognition, market scans, volatility analysis and risk management tools.
Both brokers also offer their own educational resources, such as webinars, articles, videos and courses.
Admiral Markets vs ThinkMarkets. Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading goals and risk appetite. Here are some factors you may want to consider:
- Regulation and Reputation: You should choose a broker that is authorized by reputable regulatory bodies in your jurisdiction and has a good reputation among traders and reviewers. This can help you avoid scams and ensure your funds are protected in the event of insolvency or misconduct.
- Trading assets and instruments: You should choose a broker that offers assets and trading tools that match your trading strategy and preferences.
- Transaction fees and costs: You should choose a broker that offers competitive and transparent trading fees and costs, such as spreads, commissions, swap fees, swap fees, and withdrawal fees. You should also be aware of any hidden or non-transactional fees, such as inactivity, account maintenance, or conversion fees.
- Trading Platforms and Tools: You should choose a broker that offers trading platforms and tools that match your level of experience and preferences.
- Customer Service and Support: You should choose a broker that offers reliable and fast service and customer support, such as live chat, phone, email or social media. . You should also check the availability and quality of the service, such as operating hours, supported languages, and response times.
These are some of the key factors that you may want to consider when comparing forex brokers. However, there may be other factors that are important to you, such as bonuses, promotions, contests or social trading features. Ultimately, the best forex broker for you is the one that meets your needs and expectations. Therefore, you can do your research, read some reviews, try some demo accounts and test out several platforms before making your final decision.
