Compare FreshForex vs ThinkMarkets
What is FreshForex? What is ThinkMarkets ?
FreshForex is a forex broker that was established in 2004 and is regulated by the FSA of St. Vincent and the Grenadines. It offers trading in forex, crypto and CFDs on various platforms, including MetaTrader 4 and 5. It also provides various bonuses, promotions and contests for its clients.
ThinkMarkets is a multi-asset broker that was founded in 2010 and is regulated by several authorities, including ASIC, FCA, FSA and FSCA. It offers trading in forex, gold and silver, stock CFDs, indexes and crypto on its proprietary platform ThinkTrader, as well as MetaTrader 4 and 5. It also has a partnership with Liverpool FC and provides free education and analytical tools for its clients.
FreshForex vs ThinkMarkets Regulation Comparison
FreshForex is regulated by the FSA of St. Vincent and the Grenadines with the license number 20623 IBC 2012. This means that it is not subject to strict regulatory oversight and may not offer adequate protection for clients’ funds or complaints resolution.
ThinkMarkets is regulated by several reputable authorities, such as ASIC in Australia (license number 424700), FCA in the UK (license number 629628), FSA in Japan (license number 0250), FSCA in South Africa (license number FSP No 49835) and FSA in Seychelles (license number FRN No SD060). This means that it complies with high standards of financial regulation and offers various safeguards for clients’ funds and interests, such as segregated accounts, compensation schemes and dispute resolution mechanisms.
FreshForex vs ThinkMarkets Trading Assets Comparison
FreshForex offers trading in more than 130 instruments, including forex, crypto, CFDs on stocks, indexes, metals, energies, futures and ETFs. It also offers binary options trading on some platforms. ThinkMarkets offers trading in more than 250 instruments, including forex, gold and silver, stock CFDs, indexes, crypto, commodities, bonds and ETFs. It also offers physical stock trading on its ThinkTrader platform.
FreshForex vs ThinkMarkets Trading Fees Comparison
FreshForex has three types of accounts: Classic, Market Pro and ECN. The Classic account has fixed spreads starting from 2 pips and no commissions. The Market Pro account has variable spreads starting from 0.9 pips and no commissions. The ECN account has variable spreads starting from 0 pips and commissions of $3.5 per lot per side. ThinkMarkets has two types of accounts: Standard and ThinkZero. The Standard account has variable spreads starting from 0.4 pips and no commissions. The ThinkZero account has variable spreads starting from 0 pips and commissions of $3.5 per lot per side.
FreshForex vs ThinkMarkets Account Types Comparison
FreshForex has a minimum deposit requirement of $1 for all its accounts. It also offers a demo account, an Islamic account, a PAMM account and a managed account. ThinkMarkets has a minimum deposit requirement of $0 for its Standard account and $500 for its ThinkZero account. It also offers a demo account, an Islamic account and a swap-free account.
FreshForex vs ThinkMarkets Deposit Options Comparison
FreshForex supports various payment methods for depositing and withdrawing funds, such as WebMoney, Skrill, Wire transfer, Credit / debit cards, YooMoney, Neteller, RBK Money, QIWI, Perfect Money, EasyPay, FasaPay, Crypto (Bitcoin), Mobile network operators (Beeline), AdvCash, Litecoin, Ethereum, Crypto Cash, Zcash, Ripple, Tether (USDT), USD Coin (USDC), Dai (DAI) and M-Pesa1. The processing time and fees may vary depending on the method and the amount.
ThinkMarkets supports various payment methods for depositing and withdrawing funds, such as Crypto (Bitcoin), BPAY, Credit/debit cards, Ethereum, Neteller, PayPal, Skrill, Tether (USDT) and Wire transfer1. The processing time and fees may also vary depending on the method and the amount23. ThinkMarkets operates a “return to source” policy, which means that it will process the withdrawal to the same method that was used for depositing2. The minimum withdrawal amount is $1002.
FreshForex vs ThinkMarkets Trading Platforms Comparison
FreshForex offers two main trading platforms: MetaTrader 4 and MetaTrader 5. MetaTrader 4 is a popular and user-friendly platform that supports various features, such as multiple order types, advanced charting tools, automated trading, custom indicators and expert advisors. MetaTrader 5 is an upgraded version of MetaTrader 4 that offers more instruments, more timeframes, more indicators, more order types and more analytical tools. FreshForex also provides a web-based platform and a mobile app for both platforms.
ThinkMarkets offers three main trading platforms: ThinkTrader, MetaTrader 4 and MetaTrader 5. ThinkTrader is a proprietary platform that was developed by ThinkMarkets and has won several awards for its innovation and performance. It supports various features, such as advanced charting tools, custom indicators, automated trading, social trading, risk management tools and market news. MetaTrader 4 and MetaTrader 5 are also available for traders who prefer the industry-standard platforms. ThinkMarkets also provides a web-based platform and a mobile app for all platforms.
FreshForex vs ThinkMarkets Analytical Tools Comparison
FreshForex provides various analytical tools for its clients, such as market news, economic calendar, trading signals, technical analysis, fundamental analysis and market reviews. It also offers free education materials, such as webinars, video lessons, articles and e-books. ThinkMarkets provides various analytical tools for its clients, such as market news, economic calendar, trading signals, technical analysis and market sentiment. It also offers free education materials, such as webinars, video tutorials, articles and guides. Additionally, it has a partnership with Liverpool FC and provides exclusive content and offers for its clients.
FreshForex vs ThinkMarkets . Which forex broker is better? Which forex broker should you choose?
The right broker depends on your personal preferences, trading style, goals and needs. 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 several reputable authorities and offers various safeguards for clients’ funds and interests.
- If you value trading costs and leverage, you may prefer FreshForex, as it has lower minimum deposit requirements, higher leverage and fixed spreads on some accounts.
- If you value trading assets and diversity, you may prefer ThinkMarkets, as it offers more instruments, including physical stocks and bonds.
- If you value trading platforms and innovation, you may prefer ThinkMarkets, as it has its own proprietary platform ThinkTrader that has won several awards and provides various features and tools.
- If you value analytical tools and education, you may prefer either broker, as they both provide various market news, analysis, signals and educational materials. However, ThinkMarkets has an edge with its partnership with Liverpool FC.
In the end, the best way to decide which broker is better for you is to experiment for yourself. You can open a demo account with both brokers and test their services and platforms before making your final decision. You can also read more reviews and testimonials from other traders who have used both brokers.
