Compare ThinkMarkets vs EagleFX
What is ThinkMarkets? What is EagleFX?
ThinkMarkets is an FCA and ASIC-regulated online broker for Forex, Shares, Indices, Precious metals, Commodities and Cryptocurrencies. It was established in 2010 and has offices in 11 countries. It offers trading on the MetaTrader 4, MetaTrader 5 and ThinkTrader platforms.
EagleFX is an online Forex and cryptocurrency STP broker that provides CFD trading on hundreds of assets and optimal trading conditions within the award-winning MT4 platform. It was established in 2018 and offers deep liquidity, generous leverage up to 1:500, and some of the best spreads in the industry.
ThinkMarkets vs EagleFX Regulation Comparison
ThinkMarkets is regulated by several reputable authorities, such as the FCA (United Kingdom), FSA (Japan), FSCA (South Africa) and FSC (Bermuda). This means that it has to comply with strict rules and standards to protect its clients’ funds and interests.
EagleFX is not regulated by any authority, which means that it does not have to follow any specific regulations or provide any guarantees to its clients. This also means that there is no compensation scheme or dispute resolution mechanism in case of any issues or complaints.
ThinkMarkets vs EagleFX Trading Assets Comparison
ThinkMarkets offers a wide range of trading assets, including over 40 Forex pairs, over 30 cryptocurrencies, over 200 shares, over 20 indices, over 10 commodities, over 10 metals, over 10 bonds, over 10 ETFs and binary options. It also offers spread betting on indices and commodities for UK clients.
EagleFX offers a more limited range of trading assets, including over 50 Forex pairs, over 30 cryptocurrencies, over 10 commodities and over 10 indices. It does not offer any shares, metals, bonds, ETFs or binary options.
ThinkMarkets vs EagleFX Trading Fees Comparison
ThinkMarkets offers variable spreads that start from as low as 0.4 pips on major Forex pairs. It also charges commissions of $3.50 per lot per side on its Standard account and $3 per lot per side on its ThinkZero account. It does not charge any deposit or withdrawal fees.
EagleFX offers variable spreads that start from as low as 0.1 pips on major Forex pairs. It also charges commissions of $6 per lot per round turn on all its accounts. It does not charge any deposit fees, but it charges a withdrawal fee of $25 for wire transfers.
ThinkMarkets vs EagleFX Account Types Comparison
ThinkMarkets offers three types of accounts: Standard, ThinkZero and Islamic. The Standard account has no minimum deposit requirement, the ThinkZero account has a minimum deposit requirement of $500, and the Islamic account has a minimum deposit requirement of $250. All accounts offer leverage up to 1:500 for non-EU clients and up to 1:30 for EU clients.
EagleFX offers only one type of account: Standard. The Standard account has a minimum deposit requirement of $10 and offers leverage up to 1:500 for all clients.
ThinkMarkets vs EagleFX Deposit Options Comparison
ThinkMarkets offers various deposit and withdrawal options, including credit/debit cards, wire transfers, PayPal, Skrill, Neteller, BPAY, Ethereum and Tether. The processing time for deposits is instant for most methods and up to one business day for wire transfers. The processing time for withdrawals is up to one business day for most methods and up to three business days for wire transfers.
EagleFX offers fewer deposit and withdrawal options, including credit/debit cards, wire transfers and cryptocurrencies. The processing time for deposits is instant for credit/debit cards and cryptocurrencies and up to five business days for wire transfers. The processing time for withdrawals is within 30 minutes for cryptocurrencies and up to five business days for wire transfers.
ThinkMarkets vs EagleFX Trading Platforms Comparison
ThinkMarkets offers three trading platforms: MetaTrader 4, MetaTrader 5 and ThinkTrader. MetaTrader 4 and MetaTrader 5 are established, secure and stable platforms that offer high-end service, fast execution, analytical tools, indicators and automated trading. ThinkTrader is an innovative platform that offers intuitive design, easy trade management, powerful suite of tools and consistent trading experience across mobile, desktop and web.
EagleFX offers only one trading platform: MetaTrader 4. MetaTrader 4 is a popular platform that offers fast STP execution speeds, multiple assets, technical indicators, analytical functions, automated trading and quick trading functions.
ThinkMarkets vs EagleFX Analytical Tools Comparison
ThinkMarkets offers various analytical tools, such as Autochartist, Trading Central, Economic Calendar, Market News, Trading Guides and Expert Insights. These tools help traders to stay updated with the market movements, identify trading opportunities, analyse price trends and improve their trading skills.
EagleFX does not offer any analytical tools, except for the ones built-in in the MetaTrader 4 platform. These tools include interactive charts, technical indicators, analytical functions and tick charts.
ThinkMarkets vs EagleFX. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is an important decision that depends on your personal preferences, trading goals and risk appetite. There is no definitive answer to which broker is better, as each one has its own advantages and disadvantages. However, here are some possible factors that you may want to consider:
- Regulation: ThinkMarkets is regulated by several reputable authorities, while EagleFX is not regulated by any authority. This means that ThinkMarkets has to follow strict rules and standards to protect its clients’ funds and interests, while EagleFX does not have to comply with any specific regulations or provide any guarantees to its clients. If you value security and reliability, you may prefer ThinkMarkets over EagleFX.
- Trading Assets: ThinkMarkets offers a wider range of trading assets than EagleFX, including shares, metals, bonds, ETFs and binary options. This means that ThinkMarkets gives you more opportunities and diversity to trade different markets and instruments, while EagleFX limits you to forex, cryptocurrencies, commodities and indices. If you value variety and flexibility, you may prefer ThinkMarkets over EagleFX.
- Trading Fees: ThinkMarkets and EagleFX both offer variable spreads and commissions on their accounts. However, ThinkMarkets has lower commissions on its Standard account ($3.50 per lot per side) than EagleFX ($6 per lot per round turn). ThinkMarkets also does not charge any withdrawal fees, while EagleFX charges a withdrawal fee of $25 for wire transfers. If you value affordability and cost-effectiveness, you may prefer ThinkMarkets over EagleFX.
- Account Types: ThinkMarkets offers three types of accounts: Standard, ThinkZero and Islamic. The Standard account has no minimum deposit requirement, the ThinkZero account has a minimum deposit requirement of $500, and the Islamic account has a minimum deposit requirement of $250. EagleFX offers only one type of account: Standard. The Standard account has a minimum deposit requirement of $10. If you value simplicity and accessibility, you may prefer EagleFX over ThinkMarkets.
- Trading Platforms: ThinkMarkets offers three trading platforms: MetaTrader 4, MetaTrader 5 and ThinkTrader. MetaTrader 4 and MetaTrader 5 are established, secure and stable platforms that offer high-end service, fast execution, analytical tools, indicators and automated trading. ThinkTrader is an innovative platform that offers intuitive design, easy trade management, powerful suite of tools and consistent trading experience across mobile, desktop and web. EagleFX offers only one trading platform: MetaTrader 4. MetaTrader 4 is a popular platform that offers fast STP execution speeds, multiple assets, technical indicators, analytical functions, automated trading and quick trading functions. If you value functionality and performance, you may prefer ThinkMarkets over EagleFX.
- Analytical Tools: ThinkMarkets offers various analytical tools, such as Autochartist, Trading Central, Economic Calendar, Market News, Trading Guides and Expert Insights. These tools help traders to stay updated with the market movements, identify trading opportunities, analyse price trends and improve their trading skills. EagleFX does not offer any analytical tools, except for the ones built-in in the MetaTrader 4 platform. These tools include interactive charts, technical indicators, analytical functions and tick charts. If you value education and support, you may prefer ThinkMarkets over EagleFX.
Ultimately, the choice between ThinkMarkets and EagleFX depends on your personal preferences, trading goals and risk appetite. You may want to try out their demo accounts first before making a final decision.
