Compare ThinkMarkets vs AvaTrade
What is ThinkMarkets? What is AvaTrade?
ThinkMarkets is a multi-regulated forex and CFD broker that was established in 2010. It offers over 1,600 trading instruments, including forex, stocks, commodities, cryptocurrencies, and indices. ThinkMarkets also provides access to MetaTrader 4, MetaTrader 5, and its own ThinkTrader platform. ThinkMarkets has won several awards for its customer service, trading conditions, and innovation.
AvaTrade is a leading forex and CFD broker that was founded in 2006. It is regulated in nine jurisdictions, including Ireland, Australia, Canada, Japan, Abu Dhabi, and South Africa. AvaTrade offers more than 1,250 trading instruments, covering forex, stocks, commodities, cryptocurrencies, indices, ETFs, and options. AvaTrade also supports multiple trading platforms, such as MetaTrader 4, MetaTrader 5, Web Trader, Mobile App, Vanilla Options, and Social Trading. AvaTrade has received many accolades for its trading experience, trading app, and forex broker services.
ThinkMarkets vs AvaTrade Regulation Comparison
Both ThinkMarkets and AvaTrade are highly regulated brokers that comply with strict rules and standards to ensure the safety and security of their clients’ funds and data. However, there are some differences in the number and type of licenses they hold.
ThinkMarkets holds five global Tier-1 licenses from the Australian Securities and Investments Commission (ASIC), the Financial Conduct Authority (FCA) of the UK, the Japan Financial Services Agency (JFSA), the Financial Services Authority (FSA) of Seychelles, and the Financial Markets Authority (FMA) of New Zealand. It also holds one global Tier-2 license from the Cyprus Securities and Exchange Commission (CySEC).
AvaTrade holds four global Tier-1 licenses from the Central Bank of Ireland (CBI), ASIC, JFSA, and the Investment Industry Regulatory Organization of Canada (IIROC). It also holds three global Tier-2 licenses from CySEC, the Financial Sector Conduct Authority (FSCA) of South Africa, and the Abu Dhabi Global Markets Financial Services Regulatory Authority (ADGM/FSRA). Additionally, it holds one global Tier-3 license from the British Virgin Islands Financial Services Commission (BVIFSC).
ThinkMarkets vs AvaTrade Trading Assets Comparison
Both ThinkMarkets and AvaTrade offer a wide range of trading assets to suit different trading styles and preferences. However, there are some variations in the number and diversity of the instruments they provide.
ThinkMarkets offers 55 forex pairs, 1,000+ stock CFDs, 25+ commodity CFDs, 14 cryptocurrency CFDs (including Bitcoin), and 25+ index CFDs. It also offers spread betting for UK clients only.
AvaTrade offers 55 forex pairs, 600+ stock CFDs (including options), 17 commodity CFDs (including metals), 14 cryptocurrency CFDs (including Bitcoin), 20+ index CFDs (including bonds), and 59 ETF CFDs. It also offers spread betting for UK and Ireland clients only.
ThinkMarkets vs AvaTrade Trading Fees Comparison
Both ThinkMarkets and AvaTrade charge competitive fees for their trading services. However, there are some differences in their pricing structures and policies.
ThinkMarkets offers variable spreads that start from 0.0 pips on its Standard account and from -0.2 pips on its ThinkZero account. It does not charge any commissions on its Standard account but charges $3.5 per side per lot on its ThinkZero account. It also does not charge any deposit or withdrawal fees but charges an inactivity fee of $25 per month after three months of no trading activity.
AvaTrade offers fixed spreads that start from 0.9 pips on its Retail account and from 0.6 pips on its Professional account. It does not charge any commissions on either account but charges an inactivity fee of $50 per quarter after three months of no trading activity. It also charges an administration fee of $100 per year after one year of no trading activity. It does not charge any deposit fees but charges some withdrawal fees depending on the method used.
ThinkMarkets vs AvaTrade Account Types Comparison
ThinkMarkets offers two main types of accounts: Standard and ThinkZero. The Standard account has no minimum deposit requirement and offers variable spreads from 0.0 pips with no commissions. The ThinkZero account has a minimum deposit requirement of $500 and offers variable spreads from -0.2 pips with $3.5 per side per lot commissions. Both accounts offer leverage up to 1:500, negative balance protection, and access to all trading platforms and instruments.
AvaTrade offers two main types of accounts: Retail and Professional. The Retail account has a minimum deposit requirement of $100 and offers fixed spreads from 0.9 pips with no commissions. The Professional account has a minimum deposit requirement of $1,000 and offers fixed spreads from 0.6 pips with no commissions. Both accounts offer leverage up to 1:400, negative balance protection, and access to all trading platforms and instruments. However, the Professional account requires meeting certain criteria, such as trading experience, knowledge, and portfolio size.
ThinkMarkets vs AvaTrade Deposit Options Comparison
ThinkMarkets accepts deposits and withdrawals via credit/debit cards, bank wire transfers, Skrill, Neteller, POLi, BPAY, and PayPal. It does not charge any fees for deposits or withdrawals but may pass on any charges incurred by the payment providers. It processes deposits instantly for most methods except for bank wire transfers, which may take up to three business days. It processes withdrawals within one business day for most methods except for bank wire transfers, which may take up to five business days.
AvaTrade accepts deposits and withdrawals via credit/debit cards, bank wire transfers, Skrill, Neteller, WebMoney, Perfect Money, FasaPay, JCB Card, Boleto Bancario, MoneyGram, Western Union, Swift, and Ava Debit Card. It does not charge any fees for deposits but charges some fees for withdrawals depending on the method used. It processes deposits instantly for most methods except for bank wire transfers, which may take up to seven business days. It processes withdrawals within one to two business days for most methods except for bank wire transfers, which may take up to 10 business days.
ThinkMarkets vs AvaTrade Trading Platforms Comparison
ThinkMarkets supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), two of the most popular and widely used trading platforms in the industry. MT4 and MT5 offer advanced charting tools, technical indicators, automated trading via Expert Advisors (EAs), market news, and signals. ThinkMarkets also provides its own proprietary platform called ThinkTrader, which is a user-friendly and intuitive platform that offers customisable charts, over 80 technical indicators, advanced order types, risk management tools, market news, alerts, and notifications.
AvaTrade supports MT4 and MT5 as well as several other trading platforms that cater to different trading styles and needs. These include Web Trader, a web-based platform that offers easy access to the markets without any downloads or installations; Mobile App, a mobile-friendly platform that allows trading on the go from any iOS or Android device; Vanilla Options, a platform that enables trading of forex options with various expiry times; and Social Trading platforms such as AvaSocial app (powered by Pelican), DupliTrade (powered by ZuluTrade), and MQL5 Signals (powered by MetaQuotes), which allow copying the trades of other successful traders.
ThinkMarkets vs AvaTrade Analytical Tools Comparison
ThinkMarkets offers Autochartist, a powerful tool that scans the markets for potential trading opportunities based on technical analysis patterns and indicators. Autochartist also provides market reports, volatility analysis, performance statistics, risk calculator, and trading community features. ThinkMarkets also offers Trading Central, a leading provider of market research and analysis that delivers actionable insights, technical strategies, fundamental analysis, economic calendar, newsletters, and webinars.
AvaTrade offers AvaProtect , a unique tool that protects trades against losses for a specified period of time in exchange for a small fee. AvaProtect™️ also provides market trends analysis based on sentiment data from millions of traders worldwide. AvaTrade also offers Sharp Trader , an educational portal that provides daily analysis videos, articles, trading signals, and quizzes.
ThinkMarkets vs AvaTrade. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences, trading goals, risk appetite and other factors. You should compare the features, fees, platforms and services of different brokers and decide which one suits you best. You can use the information I provided earlier for your reference, but you should also do your own research and appraisal.
