Compare HF Markets vs ThinkMarkets
What is HF Markets? What is ThinkMarkets ?
HF Markets is a forex broker that was founded in 2010 and is regulated by various authorities in different jurisdictions, such as the FCA in the UK, the DFSA in the UAE, the FSCA in South Africa, and the FSC in Mauritius. HF Markets offers over 3500 trading instruments, including forex, CFDs, indices, commodities, metals, energies, futures, ETFs, options, and bonds. HF Markets also provides social trading, copy trading, PAMM accounts, free education, trading contests, and bonus offers.
ThinkMarkets is a forex broker that was founded in 2010 and is regulated by several reputable regulators, such as the ASIC in Australia, the FCA in the UK, the FSA in Japan, the FSCA in South Africa, and the FSA in Seychelles. ThinkMarkets offers over 1600 trading instruments, including forex, CFDs, indices, spread betting, gold and silver, cryptocurrencies, stocks, oil, metals, energies, futures, ETFs, shares, and physical stock. ThinkMarkets also supports automated trading, one-click trading, trailing stop, pending orders.
HF Markets vs ThinkMarkets Regulation Comparison
Both HF Markets and ThinkMarkets are considered trusted brokers with high trust scores of 86 out of 99. However, ThinkMarkets holds more global Tier-1 licenses than HF Markets (5 vs 2), which means it is authorized by more reputable regulators in major financial markets.
ThinkMarkets is authorized by the ASIC in Australia, the FCA in the UK, the FSA in Japan, the FSCA in South Africa, and the FSA in Seychelles. HF Markets is authorized by the FCA in the UK and the DFSA in the UAE. Both brokers hold Tier-2 licenses from the CySEC in Cyprus and the FSCA in South Africa. HF Markets also holds Tier-2 licenses from the CMA in Kenya and the FSA in St. Vincent & the Grenadines. HF Markets holds a Tier-3 license from the FSC in Mauritius.
HF Markets vs ThinkMarkets Trading Assets Comparison
HF Markets offers a wider range of trading assets than ThinkMarkets (3500 vs 1674). HF Markets offers more forex pairs (47 vs 46), more CFDs (including indices, commodities, metals, energies, futures, ETFs, options, and bonds), more social trading and copy trading options. ThinkMarkets offers spread betting (only for UK residents), cryptocurrencies (as CFDs), stocks (as CFDs or physical stock), and ETFs (as CFDs or shares).
HF Markets vs ThinkMarkets Trading Fees Comparison
Both HF Markets and ThinkMarkets offer variable spreads on their trading platforms. The average spread for EUR/USD at HF Markets is 1.2 pips, while at ThinkMarkets it is 0.4 pips. Both brokers charge commissions on some of their account types.
HF Markets charges $3 per lot on its Zero Spread account, while ThinkMarkets charges $3.5 per lot on its ThinkZero account. Both brokers offer swap-free Islamic accounts for eligible traders.
HF Markets vs ThinkMarkets Account Types Comparison
HF Markets offers six account types: Micro ($5 minimum deposit), Premium ($100 minimum deposit), Zero Spread ($200 minimum deposit), Auto ($200 minimum deposit), PAMM ($250 minimum deposit), and HFCopy ($300 minimum deposit). All accounts offer variable spreads (except for Zero Spread which offers raw spreads from 0 pips), leverage up to 1:1000 (except for PAMM which offers up to 1:300), minimum trade size of 0.01 lot (except for HFCopy which offers 0.05 lot), and support for MT4 and MT5 platforms.
ThinkMarkets offers three account types: Standard ($0 minimum deposit), ThinkZero ($500 minimum deposit), and VIP (by invitation only). All accounts offer variable spreads (except for ThinkZero which offers raw spreads from 0 pips), leverage up to 1:30 (for retail clients) or up to 1:500 (for professional clients), minimum trade size of 0.01 lot, and support for MT4, MT5, and ThinkTrader platforms.
HF Markets vs ThinkMarkets Deposit Options Comparison
Both HF Markets and ThinkMarkets offer a variety of deposit and withdrawal options for their clients. HF Markets supports crypto, credit/debit cards, Ethereum, FasaPay, Litecoin, Neteller, Perfect Money, Ripple, Skrill, WebMoney, and wire transfer. ThinkMarkets supports crypto, BPAY, credit/debit cards, Ethereum, Neteller, PayPal, Skrill, Tether (USDT), and wire transfer. Both brokers do not charge any fees for deposits or withdrawals.
HF Markets vs ThinkMarkets Trading Platforms Comparison
Both HF Markets and ThinkMarkets offer MT4 and MT5 as their main trading platforms. MT4 and MT5 are popular and user-friendly platforms that support automated trading, one-click trading, trailing stop, pending orders, and various technical indicators and charting tools. ThinkMarkets also offers its own proprietary platform called ThinkTrader, which is a web-based and mobile-friendly platform that features advanced trading tools, such as TrendRisk Scanner, Autochartist, Trading Central, and Smart Lines.
HF Markets vs ThinkMarkets Analytical Tools Comparison
Both HF Markets and ThinkMarkets provide their clients with various analytical tools to enhance their trading experience. HF Markets offers free education through webinars, videos, articles, e-books, tutorials, and courses. HF Markets also provides trading signals through MQL5 Signals and Trading Central. HF Markets also organizes trading contests and bonus offers for its clients.
ThinkMarkets offers free education through webinars, videos, articles, guides, glossary, and FAQs. ThinkMarkets also provides market analysis through its blog and newsletter. ThinkMarkets also supports automated trading through Expert Advisors (EAs) and VPS hosting.
HF Markets vs ThinkMarkets . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading style, goals and risk appetite. Both HF Markets and ThinkMarkets are reputable and regulated brokers offering a wide variety of trading tools, platforms and instruments. However, they also have some differences in terms of fees, account types, deposit and withdrawal options, and additional features. You may want to compare them based on the criteria that are most important to you and try out their demo account before making a final decision.
