Compare Pepperstone vs ThinkMarkets
What is Pepperstone? What is ThinkMarkets?
- Pepperstone is a leading online broker with over 400,000 clients in more than 175 countries. The top-rated firm offers excellent market access, industry-leading platforms in MT4, MT5, TradingView and cTrader, plus low fees with no hidden charges. Pepperstone is also heavily regulated with a high trust score, holding licenses with reputable bodies, including the FCA, ASIC, DFSA, and CySEC.
- ThinkMarkets is a reputable CFD and forex broker with regulation from several top-tier bodies including the FCA and ASIC. Traders can use a bespoke platform, ThinkTrader, MT4 or MT5 to access a wide variety of assets including 3500+ stocks and ETFs, 46 forex pairs and over 20 cryptocurrencies. Fees are competitive, particularly for the ThinkZero account with spreads starting at zero.
Pepperstone vs ThinkMarkets Regulation Comparison
| Broker | Trust Score | Year Founded | Publicly Traded | Bank | Tier-1 Licenses | Tier-2 Licenses | Tier-3 Licenses |
|---|---|---|---|---|---|---|---|
| Pepperstone | 93 | 2010 | No | No | 2 (Australia, UK) | 2 (Cyprus, UAE) | 1 (Bahamas) |
| ThinkMarkets | 86 | 2010 | No | No | 2 (Australia, UK) | 2 (Cyprus, South Africa) | 0 |
Pepperstone vs ThinkMarkets Trading Assets Comparison
| Broker | Tradeable Symbols (Total) | Forex Pairs (Total) | U.S. Stock Trading (Non CFD) | Int’l Stock Trading (Non CFD) | Social Trading / Copy Trading | Cryptocurrency (Physical) | Cryptocurrency (CFD) |
|---|---|---|---|---|---|---|---|
| Pepperstone | 2342 | 62 | No | No | Yes | No | Yes |
| ThinkMarkets | 1674 | 46 | No | No | Yes | No | Yes |
Pepperstone vs ThinkMarkets Trading Fees Comparison
- Both brokers offer commission-free and commission-based accounts. The commission-free accounts have higher spreads while the commission-based accounts have lower spreads and a fixed fee per lot traded.
- The commission-free accounts are called Standard for Pepperstone and Standard for ThinkMarkets. The commission-based accounts are called Razor for Pepperstone and ThinkZero for ThinkMarkets.
- The average spread for EUR/USD on the commission-free accounts is 1.16 pips for Pepperstone and 1.20 pips for ThinkMarkets. The average spread for EUR/USD on the commission-based accounts is 0.12 pips for Pepperstone and 0 pips for ThinkMarkets.
- The commission fee per lot traded on the commission-based accounts is $3.5 for both brokers.
- Both brokers also charge swap fees for holding positions overnight and may charge inactivity fees if the account is dormant for a certain period of time.
- Both brokers offer discounts on fees for high-volume traders through their Active Trader Program or Loyalty Program.
Pepperstone vs ThinkMarkets Account Types Comparison
- Both brokers offer demo accounts for testing out their platforms and services without risking real money.
- Both brokers offer live accounts with different minimum deposits and features depending on the account type.
- The minimum deposit for Pepperstone is $200 or AU$200 or £200 while ThinkMarkets has no minimum deposit requirement.
- The account types offered by Pepperstone are Standard, Razor, Islamic (swap-free) and Active Trader Program. The account types offered by ThinkMarkets are Standard, ThinkZero, Islamic (swap-free) and Loyalty Program.
Pepperstone vs ThinkMarkets Deposit Options Comparison
- Both brokers accept various payment methods for depositing and withdrawing funds from their accounts.
- The payment methods supported by Pepperstone include bank wire transfer, credit/debit card, PayPal, Skrill, Neteller, POLi, BPay, UnionPay and broker-to-broker transfer.
- The payment methods supported by ThinkMarkets include bank wire transfer, credit/debit card, PayPal, Skrill, Neteller, BitPay and broker-to-broker transfer.
- Both brokers do not charge any fees for deposits or withdrawals but some payment providers may charge their own fees or conversion rates.
- The processing time for deposits and withdrawals may vary depending on the payment method and the broker’s verification procedures.
Pepperstone vs ThinkMarkets Trading Platforms Comparison
- Both brokers offer MT4 and MT5 as their main trading platforms. These are popular and widely used platforms that support automated trading, custom indicators, charting tools and market analysis.
- Pepperstone additionally provides cTrader and TradingView as alternative trading platforms. cTrader is a web-based platform that offers fast execution, advanced order types and depth of market. TradingView is a social trading platform that allows traders to share ideas, strategies and signals with other users.
- ThinkMarkets has its own proprietary platform called ThinkTrader. This is a user-friendly and intuitive platform that offers advanced features such as Traders’ Gym (a simulation tool), TrendRisk Scanner (a risk management tool) and Autochartist (a technical analysis tool).
Pepperstone vs ThinkMarkets Analytical Tools Comparison
- Both brokers offer various analytical tools to help traders make informed decisions and improve their performance.
- Pepperstone offers Smart Trader Tools, a suite of 28 expert advisors and indicators for MT4 and MT5. These include trade terminal, sentiment trader, correlation matrix, alarm manager and more. Pepperstone also offers Capitalise.ai, a tool that allows traders to create automated trading strategies using natural language. Pepperstone also offers API trading for connecting third-party applications to the broker’s servers.
- ThinkMarkets offers Signal Centre, a tool that provides trading signals from Autochartist and PIA First on MT4. ThinkMarkets also offers Autochartist, a tool that scans the market for chart patterns, key levels and volatility analysis. ThinkMarkets also offers free VPS hosting for MT4 and MT5 users who meet certain criteria.
Pepperstone vs ThinkMarkets. Which forex broker is better? Which forex broker should you choose?
I can give you some tips on how to compare forex brokers and what factors to consider before making a decision.
Some of the factors you may want to consider are:
- Regulation and reputation: You should choose a broker that is regulated by reputable authorities and has a good reputation among traders and reviewers. This can help you avoid scams and ensure the safety of your funds and personal data.
- Fees and spreads: You should compare the fees and spreads charged by different brokers and see which one offers the best value for your money. You should also check for any hidden charges or commissions that may apply to your transactions.
- Trading platforms and tools: You should choose a broker that offers a trading platform that suits your needs and preferences. You should also check the availability and quality of the analytical tools, indicators, expert advisors, signals and other features that can enhance your trading experience and performance.
- Trading assets and instruments: You should choose a broker that offers a wide range of trading assets and instruments that match your trading strategy and interests. You should also check the leverage, margin requirements, lot sizes and other specifications of each instrument.
- Customer service and support: You should choose a broker that provides reliable, responsive and professional customer service and support. You should be able to contact them via various channels such as phone, email, live chat or social media. You should also check their availability, language options and problem-solving skills.
