Compare FP Markets vs ThinkMarkets
What is FP Markets? What is ThinkMarkets ?
FP Markets is an Australian-based forex and CFD broker that was established in 2005. It offers over 10,000 trading instruments across various asset classes, including forex, indices, commodities, metals, cryptocurrencies and stocks. It is regulated by ASIC in Australia and CySEC in Cyprus. It provides traders with the MetaTrader 4 and MetaTrader 5 platforms, as well as its own proprietary platform called IRESS. It also offers social trading, copy trading and PAMM accounts.
ThinkMarkets is a global forex and CFD broker that was founded in 2010. It offers over 1,600 trading instruments across various asset classes, including forex, indices, commodities, metals, cryptocurrencies and stocks. It is regulated by ASIC in Australia, FCA in the UK, FSA in Japan, FSCA in South Africa and FSA in Seychelles. It provides traders with the MetaTrader 4 platform, as well as its own proprietary platform called ThinkTrader. It also offers social trading and copy trading.
FP Markets vs ThinkMarkets Regulation Comparison
Both FP Markets and ThinkMarkets are considered trusted brokers . However, ThinkMarkets has more global tier-1 licenses than FP Markets, which may indicate a higher level of regulatory oversight and protection for traders.
| Broker | Trust Score | Year Founded | Publicly Traded | Bank | Tier-1 Licenses | Tier-2 Licenses | Tier-3 Licenses |
|---|---|---|---|---|---|---|---|
| FP Markets | 87/99 | 2005 | No | No | 2 (ASIC, CySEC) | 1 (FSCA) | 0 |
| ThinkMarkets | 86/99 | 2010 | No | No | 5 (ASIC, FCA, FSA Japan, FSCA, FSA Seychelles) | 0 | 0 |
FP Markets vs ThinkMarkets Trading Assets Comparison
FP Markets offers a much wider range of trading instruments than ThinkMarkets, with over 10,000 symbols compared to around 1,600 symbols. FP Markets also offers more forex pairs, indices, commodities and cryptocurrencies than ThinkMarkets. However, ThinkMarkets offers physical stock trading, which FP Markets does not.
FP Markets vs ThinkMarkets Trading Fees Comparison
Both FP Markets and ThinkMarkets offer variable spreads and charge commissions on some of their account types. The spreads and commissions may vary depending on the account type, the platform, the instrument and the market conditions. FP Markets had an average spread of 0.16 pips on the EUR/USD pair on its Standard account (no commission), while ThinkMarkets had an average spread of 0.85 pips on its Standard account (no commission). On their respective ECN-style accounts (with commission), FP Markets had an average spread of 0.09 pips plus a commission of $3 per lot per side ($6 round turn), while ThinkMarkets had an average spread of 0.12 pips plus a commission of $3.50 per lot per side ($7 round turn).
FP Markets vs ThinkMarkets Account Types Comparison
| Broker | Account Types | Minimum Deposit | Platform | Commission |
|---|---|---|---|---|
| FP Markets | Standard, Raw, IRESS Standard, IRESS Platinum | $100 (Standard, Raw), $1,000 (IRESS) | MT4, MT5, IRESS | No (Standard), $3 per lot per side (Raw), Varies (IRESS) |
| ThinkMarkets | Standard, ThinkZero, VIP | $0 (Standard), $500 (ThinkZero), $25,000 (VIP) | MT4, ThinkTrader (Standard only) | No (Standard), $3.50 per lot per side (ThinkZero, VIP) |
FP Markets vs ThinkMarkets Deposit Options Comparison
| Broker | Deposit Options | Withdrawal Options |
|---|---|---|
| FP Markets | Apple Pay, Crypto, Credit / debit cards, Dash, Dragonpay, Ethereum, FasaPay, Google Pay, Litecoin, Local bank transfer, Neteller, Ripple, Skrill, Tether (USDT), USD Coin (USDC), Wire transfer and Zcash | Crypto, Credit / debit cards, Ethereum, FasaPay, Neteller, Skrill, Tether (USDT), USD Coin (USDC) and Wire transfer |
| ThinkMarkets | Crypto, BPAY, Credit/debit cards, Ethereum, Neteller, PayPal, Skrill,Tether (USDT) and Wire transfer | Crypto,Ethereum,Tether (USDT),Credit/debit cards,Skrill,PAYPAL,BPAY and Wire transfer |
FP Markets vs ThinkMarkets Trading Platforms Comparison
| Broker | Trading Platforms |
|---|---|
| FP Markets | MetaTrader 4,MetaTrader 5,Iress |
| ThinkMarkets | MetaTrader 4,ThinKtrader |
FP Markets vs ThinkMarkets Analytical Tools Comparison
| Broker | Analytical Tools |
|---|---|
| FP Markets | Market news and analysis,Economic calendar,Autochartist,MQL5 signals,VPS service,PAMM service,Social trading |
| ThinkMarkets | Market news and analysis,Economic calendar,Autochartist,ZuluTrade,Premium Trader Tools,VPS service,Social trading |
FP Markets vs ThinkMarkets . Which forex broker is better? Which forex broker should you choose?
Different brokers may suit different traders depending on their preferences, needs and goals. However, here are some possible factors you can consider when choosing between FP Markets and ThinkMarkets:
- If you value regulatory protection and trustworthiness, you may prefer ThinkMarkets as it has more global tier-1 licenses than FP Markets.
- If you value trading diversity and variety, you may prefer FP Markets as it offers more trading instruments and asset classes than ThinkMarkets.
- If you value trading costs and fees, you may prefer FP Markets as it has lower spreads and commissions than ThinkMarkets on average.
- If you value account types and options, you may prefer FP Markets as it offers more account types with different features and platforms than ThinkMarkets.
- If you value payment methods and convenience, you may prefer FP Markets as it offers more deposit and withdrawal options than ThinkMarkets, including some cryptocurrencies and digital wallets.
- If you value trading platforms and functionality, you may prefer either broker depending on your preferred platform. Both brokers offer MetaTrader 4, but FP Markets also offers MetaTrader 5 and IRESS, while ThinkMarkets also offers ThinkTrader.
- If you value analytical tools and resources, you may prefer either broker depending on your preferred tools. Both brokers offer similar tools such as Autochartist, economic calendar, market news and analysis, social trading and VPS service, but they also have some unique tools such as MQL5 signals and PAMM service for FP Markets, and ZuluTrade and Premium Trader Tools for ThinkMarkets.
Ultimately, the best way to decide which broker is more suitable for you is to try it out for yourself by opening a demo account or a real account with a small deposit. This way, you can test their platforms, services, features and performance in real market conditions and see which platform meets your expectations and requirements. You can also read some user reviews and testimonials from other traders who have used these brokers before to get some insights and feedback from their experience.
