Compare FIBO Group vs ThinkMarkets
What is FIBO Group? What is ThinkMarkets?
FIBO Group is an international financial holding company that offers online trading services in various markets, such as forex, CFDs, futures, and cryptocurrencies. FIBO Group was founded in 1998 and has offices in Cyprus, Germany, Singapore, and other countries.
ThinkMarkets is a global online broker that provides trading services in forex, CFDs, indices, commodities, cryptocurrencies, and shares. ThinkMarkets was established in 2010 and has offices in Australia, UK, South Africa, and other countries.
FIBO Group vs ThinkMarkets Regulation Comparison
FIBO Group is regulated by the Cyprus Securities and Exchange Commission (CySEC) with licence number 118/10 and is a member of the Investor Compensation Fund. FIBO Group also operates under the name FIBO Group Ltd, which is regulated by the Financial Services Commission (FSC) BVI with licence number SIBA/L/13/1063.
ThinkMarkets is regulated by multiple authorities, such as the Australian Securities and Investments Commission (ASIC) with licence number 424700, the Financial Conduct Authority (FCA) with registration number 629628, the Financial Services Authority (FSA) Seychelles with licence number SD060, and the Cyprus Securities and Exchange Commission (CySEC) with licence number 376/19.
FIBO Group vs ThinkMarkets Trading Assets Comparison
FIBO Group offers trading in forex, gold & silver, CFDs, oil, futures, and cryptocurrencies. FIBO Group has over 60 currency pairs, 9 metals, 20 CFDs on indices and commodities, 4 CFDs on cryptocurrencies, and 20 futures contracts available for trading.
ThinkMarkets offers trading in forex, gold & silver, share CFDs, indices CFDs, precious metals, commodities, and cryptocurrencies. ThinkMarkets has over 40 currency pairs, 4 metals, 200+ share CFDs on US and UK companies, 12 CFDs on indices and commodities, and 9 CFDs on cryptocurrencies available for trading.
FIBO Group vs ThinkMarkets Trading Fees Comparison
FIBO Group charges variable spreads on its trading accounts. The average spread for EUR/USD is 0.8 pips on the MT4 NDD account and 0.6 pips on the MT4 NDD No Commission account. FIBO Group also charges a commission of $4 per lot on the MT4 NDD account and $6 per lot on the cTrader NDD account.
ThinkMarkets charges variable spreads on its trading accounts. The average spread for EUR/USD is 0.4 pips on the Think Zero account and 1.2 pips on the Standard account. ThinkMarkets also charges a commission of $3.5 per side per lot on the Think Zero account.
FIBO Group vs ThinkMarkets Account Types Comparison
FIBO Group offers four types of trading accounts: MT4 Fixed, MT4 NDD, MT4 NDD No Commission, and cTrader NDD. The minimum deposit for all accounts is $50. The maximum leverage for all accounts is 1:1000 for forex and metals and 1:100 for CFDs.
ThinkMarkets offers two types of trading accounts: Standard and Think Zero. The minimum deposit for both accounts is $0. The maximum leverage for both accounts is 1:500 for forex and metals and 1:200 for CFDs.
FIBO Group vs ThinkMarkets Deposit Options Comparison
FIBO Group accepts various deposit and withdrawal methods, such as bank wire transfer, credit/debit cards (Visa/Mastercard), electronic wallets (Skrill/Neteller/WebMoney/Qiwi), cryptocurrencies (Bitcoin/Ethereum), and local payment systems (Perfect Money/FasaPay). FIBO Group does not charge any fees for deposits or withdrawals.
ThinkMarkets accepts various deposit and withdrawal methods, such as bank wire transfer, credit/debit cards (Visa/Mastercard), electronic wallets (Skrill/Neteller), cryptocurrencies (Bitcoin), and local payment systems (BPAY/Poli). ThinkMarkets does not charge any fees for deposits or withdrawals.
FIBO Group vs ThinkMarkets Trading Platforms Comparison
FIBO Group supports two trading platforms: MetaTrader 4 (MT4) and cTrader. MT4 is a popular and user-friendly platform that offers advanced charting, technical analysis, automated trading, and custom indicators. cTrader is a modern and intuitive platform that offers fast execution, level II pricing, advanced order types, and cloud-based trading.
ThinkMarkets supports three trading platforms: MetaTrader 4 (MT4), MetaTrader 5 (MT5), and ThinkTrader. MT4 and MT5 are similar to the ones offered by FIBO Group, with the difference that MT5 has more features, such as more timeframes, more order types, more indicators, and more instruments. ThinkTrader is a proprietary platform that offers a user-friendly interface, advanced charting, custom indicators, automated trading, and social trading.
FIBO Group vs ThinkMarkets Analytical Tools Comparison
FIBO Group provides various analytical tools for its clients, such as economic calendar, market analysis, trading signals, webinars, educational materials. FIBO Group also offers a personal manager service for clients who deposit more than $5000.
ThinkMarkets provides various analytical tools for its clients, such as economic calendar, market news, trading signals, webinars, and educational materials. ThinkMarkets also offers a premium service for clients who deposit more than $5000, which includes a dedicated account manager, free VPS hosting, and priority customer support.
FIBO Group vs ThinkMarkets. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer as to which forex broker is better or which one you should choose. It depends on your personal preference, trading style and goals. However, here are some possible factors that you can consider:
- If you value regulation and security, you may prefer ThinkMarkets, as it is regulated by more authorities than FIBO Group and has a higher reputation in the industry.
- If you value trading assets and diversity, you may prefer FIBO Group, as it offers more markets and instruments than ThinkMarkets, such as futures and oil.
- If you value trading fees and costs, you may prefer ThinkMarkets, as it has lower spreads and commissions than FIBO Group on average, especially on the Think Zero account.
- If you value trading platforms and technology, you may prefer ThinkMarkets, as it supports more platforms than FIBO Group, including MT5 and ThinkTrader, which have more features and functionality than MT4 and cTrader.
- If you value analytical tools and services, you may prefer either broker, as they both offer similar tools and services, such as economic calendar, market analysis, trading signals, webinars, and educational materials. However, ThinkMarkets may have an edge in terms of premium service for high-deposit clients.
Ultimately, the best way to decide which broker is better for you is to try them out yourself. You can open a demo account with both brokers and test their platforms, services, and performance before making a final decision.
