Compare InstaForex vs ThinkMarkets
What is InstaForex? What is ThinkMarkets ?
InstaForex is a forex and CFD broker that offers trading services in more than 200 instruments, including currencies, metals, stocks, indices, commodities, and cryptocurrencies. ThinkMarkets is a global online broker that provides forex, CFDs, metals, indices, commodities, and cryptocurrencies trading services.
InstaForex vs ThinkMarkets Regulation Comparison
InstaForex is regulated by the Cyprus Securities and Exchange Commission (CySEC), the British Virgin Islands Financial Services Commission (FSC), and the Financial Services Authority of Saint Vincent and the Grenadines (SVGFSA).
ThinkMarkets is regulated by the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia, the Financial Sector Conduct Authority (FSCA) in South Africa, and the Seychelles Financial Services Authority (FSA) in Seychelles.
InstaForex vs ThinkMarkets Trading Assets Comparison
InstaForex offers more than 200 trading instruments, including 107 currency pairs, 88 CFDs on US stocks, 4 CFDs on metals, 22 CFDs on indices, 5 CFDs on commodities, and 26 CFDs on cryptocurrencies.
ThinkMarkets offers over 250 trading instruments, including 40 currency pairs, 9 CFDs on metals, 25 CFDs on indices, 8 CFDs on commodities, 12 CFDs on cryptocurrencies, and over 150 CFDs on shares.
InstaForex vs ThinkMarkets Trading Fees Comparison
InstaForex charges variable spreads and commissions depending on the account type and trading instrument. The average spread for EUR/USD is 1.6 pips on the standard account and 0.8 pips on the ECN account. The commission for ECN accounts is $6 per lot round turn.
ThinkMarkets charges variable spreads and no commissions on most account types and trading instruments. The average spread for EUR/USD is 0.4 pips on the zero account and 1.2 pips on the standard account.
InstaForex vs ThinkMarkets Account Types Comparison
InstaForex offers four main account types: standard, ECN, ECN Zero, and Scalping. The minimum deposit for all accounts is $1. The maximum leverage is 1:1000 for standard accounts and 1:200 for ECN accounts.
ThinkMarkets offers three main account types: standard, zero, and think zero. The minimum deposit for standard and zero accounts is $0 and for think zero accounts is $500. The maximum leverage is 1:500 for standard and zero accounts and 1:200 for think zero accounts.
InstaForex vs ThinkMarkets Deposit Options Comparison
InstaForex supports various deposit and withdrawal methods, including bank wire transfer, credit/debit cards, e-wallets (such as Skrill, Neteller, WebMoney), cryptocurrencies (such as Bitcoin, Ethereum), and local payment systems (such as BPay).
ThinkMarkets supports bank wire transfer, credit/debit cards, e-wallets (such as Skrill, Neteller), cryptocurrencies (such as Bitcoin), and local payment systems (such as FasaPay).
InstaForex vs ThinkMarkets Trading Platforms Comparison
InstaForex provides its own proprietary trading platform called InstaTrader, which is compatible with Windows, Mac OS X, Linux, Android, iOS devices. It also supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms for desktop and mobile devices.
ThinkMarkets provides its own proprietary trading platform called ThinkTrader, which is compatible with Windows, Mac OS X, Android, iOS devices. It also supports MT4 and MT5 platforms for desktop and mobile devices.
InstaForex vs ThinkMarkets Analytical Tools Comparison
InstaForex offers various analytical tools to its clients, such as market news, economic calendar, forex analysis, forex TV, trading signals, technical indicators, chart patterns recognition software (Autochartist), copy trading service (ForexCopy), social trading network (InstaRebate), and educational resources (InstaForex Education).
ThinkMarkets offers market news, economic calendar, forex analysis, trading signals (Autochartist), technical indicators, chart patterns recognition software (Autochartist), copy trading service (ZuluTrade), social trading network (Trade Interceptor), and educational resources (ThinkMarkets Academy).
InstaForex 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. However, here are some possible advantages and disadvantages of each broker:
InstaForex advantages:
- Low minimum deposit ($1)
- High maximum leverage (1:1000)
- Wide range of trading instruments (over 200)
- Proprietary trading platform (InstaTrader)
- ForexCopy service for copy trading
- InstaRebate service for social trading
InstaForex disadvantages:
- Variable spreads and commissions
- Less regulated than ThinkMarkets
- No zero spread account option
- No MT5 support for ECN accounts
ThinkMarkets advantages:
- Zero minimum deposit ($0)
- Zero spread account option (zero account)
- No commissions on most account types and instruments
- More regulated than InstaForex
- MT5 support for all account types
- ThinkTrader platform for advanced trading features
- ZuluTrade service for copy trading
- Trade Interceptor service for social trading
ThinkMarkets disadvantages:
- Higher minimum deposit for think zero account ($500)
- Lower maximum leverage (1:500)
- Fewer trading instruments than InstaForex (over 250)
In the end, the choice is yours. You can try both brokers with a demo account before opening a real account. You can also read more online reviews and ratings from other traders.
