Compare SuperForex vs ThinkMarkets
What is SuperForex? What is ThinkMarkets?
SuperForex is a forex broker that was established in 2013 and is regulated by the International Financial Services Commission (IFSC) of Belize. SuperForex offers trading in various instruments, including forex, CFDs, cryptocurrencies, stocks, metals, energies, futures, options and more. SuperForex claims to provide low spreads, fast execution, flexible leverage, various account types and payment methods, as well as bonus offers and free education for its clients.
ThinkMarkets is a forex broker that was established in 2010 and is regulated by multiple authorities, including the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) of the UK, the Financial Services Authority (FSA) of Japan, the Financial Sector Conduct Authority (FSCA) of South Africa and the Financial Services Authority (FSA) of Seychelles. ThinkMarkets offers trading in various instruments, including forex, CFDs, cryptocurrencies, stocks, metals, indices, commodities, bonds and more. ThinkMarkets claims to provide competitive spreads, fast execution, no requotes, multiple account types and platforms, as well as analytical tools and educational resources for its clients.
SuperForex vs ThinkMarkets Regulation Comparison
SuperForex is regulated by the IFSC of Belize, which is a relatively low-tier regulator that does not impose strict requirements on its licensed brokers. The IFSC does not require brokers to keep client funds in segregated accounts, to maintain a minimum capital adequacy ratio or to participate in a compensation scheme. Therefore, SuperForex’s regulation may not provide adequate protection for its clients in case of insolvency or misconduct.
ThinkMarkets is regulated by multiple high-tier regulators that impose strict requirements on their licensed brokers. The ASIC, FCA and FSA of Japan require brokers to keep client funds in segregated accounts, to maintain a minimum capital adequacy ratio and to participate in a compensation scheme that can cover up to a certain amount of client losses in case of insolvency or misconduct. The FSCA of South Africa and the FSA of Seychelles also require brokers to keep client funds in segregated accounts and to maintain a minimum capital adequacy ratio, but they do not have a compensation scheme for their clients. Therefore, ThinkMarkets’s regulation may provide more protection for its clients than SuperForex’s regulation.
SuperForex vs ThinkMarkets Trading Assets Comparison
SuperForex offers trading in more than 400 instruments across various asset classes, including forex (more than 300 currency pairs), CFDs (on cryptocurrencies, stocks, metals, energies, futures and options), cryptocurrencies (more than 30 coins), stocks (more than 50 companies), metals (gold and silver), energies (oil and gas), futures (on commodities and indices) and options (on currencies and commodities).
ThinkMarkets offers trading in more than 250 instruments across various asset classes, including forex (more than 40 currency pairs), CFDs (on cryptocurrencies, stocks, metals, indices, commodities and bonds), cryptocurrencies (more than 10 coins), stocks (more than 150 companies), metals (gold and silver), indices (more than 20 global indices), commodities (oil, gas and agricultural products) and bonds (UK gilts and US treasuries). Therefore, SuperForex may offer more trading options than ThinkMarkets.
SuperForex vs ThinkMarkets Trading Fees Comparison
SuperForex charges variable spreads that depend on the account type and the market conditions. The average spread for the EUR/USD pair is 2 pips on the Standard account and 0.4 pips on the ECN account. SuperForex also charges commissions on some account types, such as $0.01 per lot on the ECN account and $10 per lot on the Swap-Free account.
ThinkMarkets charges variable spreads that depend on the account type and the market conditions. The average spread for the EUR/USD pair is 1.2 pips on the Standard account and 0 pips on the ThinkZero account. ThinkMarkets also charges commissions on some account types, such as $3.5 per side per lot on the ThinkZero account. Therefore, ThinkMarkets may offer lower trading costs than SuperForex.
SuperForex vs ThinkMarkets Account Types Comparison
SuperForex offers six account types for different trading styles and preferences: Standard (minimum deposit $1), Swap-Free (minimum deposit $1), No Spread (minimum deposit $1,000), Micro Cent (minimum deposit $1), Profi-STP (minimum deposit $5,000) and ECN (minimum deposit $500). SuperForex also offers a demo account for practice and a PAMM account for money management.
ThinkMarkets offers three account types for different trading styles and preferences: Standard (minimum deposit $0), ThinkZero (minimum deposit $500) and VIP (minimum deposit $25,000). ThinkMarkets also offers a demo account for practice and an Islamic account for Sharia-compliant trading. Therefore, SuperForex may offer more account options than ThinkMarkets.
SuperForex vs ThinkMarkets Deposit Options Comparison
SuperForex offers a wide range of payment methods for deposit and withdrawal, including Skrill, Wire transfer, Credit / debit cards, Neteller, UnionPay, Perfect Money, Local bank transfer, FasaPay, Crypto, Litecoin, Dash, Ethereum, Zcash, Ripple, bitwallet, Dogecoin, AstroPay and M-Pesa. SuperForex does not charge any fees for deposit and withdrawal, but some payment providers may charge their own fees.
ThinkMarkets offers a limited range of payment methods for deposit and withdrawal, including Crypto, BPAY, Credit/debit cards, Ethereum, Neteller, PayPal, Skrill, Tether (USDT) and Wire transfer. ThinkMarkets does not charge any fees for deposit and withdrawal, but some payment providers may charge their own fees. Therefore, SuperForex may offer more payment options than ThinkMarkets.
SuperForex vs ThinkMarkets Trading Platforms Comparison
SuperForex supports the MetaTrader 4 (MT4) platform as its main trading platform. MT4 is a popular and user-friendly platform that offers various features and tools for trading, such as advanced charting, technical indicators, automated trading with Expert Advisors (EAs), custom scripts and plugins, market news and signals and more. SuperForex provides MT4 in various versions, including desktop, web and mobile.
ThinkMarkets supports two main trading platforms: MetaTrader 4 (MT4) and Trade Interceptor. MT4 is the same platform as described above. Trade Interceptor is a proprietary platform that offers various features and tools for trading, such as advanced charting with over 80 technical indicators and drawing tools, cloud-based alerts and watchlists, multiple order types and execution modes, automated trading with TrendRisk Scanner and Autochartist tools, market news and analysis and more. ThinkMarkets provides Trade Interceptor in various versions, including desktop, web and mobile. Therefore, ThinkMarkets may offer more platform options than SuperForex.
SuperForex vs ThinkMarkets Analytical Tools Comparison
SuperForex offers various analytical tools to help its clients with their trading decisions, such as economic calendar, interest rates table, currency converter, trading signals service (free for Standard account holders), technical analysis service (free for all account holders), Forex copy service (allows copying trades of other traders), pattern graphix service (identifies chart patterns automatically) and more.
ThinkMarkets offers various analytical tools to help its clients with their trading decisions, such as economic calendar, market news and analysis from FX Wire Pro and Trading Central services (free for all account holders), Autochartist service (identifies chart patterns automatically), TrendRisk Scanner service (provides risk-reward analysis and trade ideas), VPS service (allows running EAs 24/7 without interruption) and more. Therefore, ThinkMarkets may offer more analytical tools than SuperForex.
SuperForex vs ThinkMarkets. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on many factors, such as your trading style, preferences, goals, risk tolerance, experience, etc. You should compare the features and benefits of each broker and decide which broker suits you best.
