Compare ThinkMarkets vs easyMarkets
What is ThinkMarkets? What is easyMarkets?
ThinkMarkets is an online broker that was founded in 2010 in New Zealand and later moved to Australia. It offers trading services for forex, CFDs, cryptocurrencies, indices, metals, commodities, and shares. It is regulated by the FCA in the UK, the ASIC in Australia, the FSCA in South Africa, and the FSA in Seychelles.
easyMarkets is an online broker that was established in 2001 as easy-forex and rebranded in 2015 as easyMarkets. It offers trading services for forex, CFDs, cryptocurrencies, indices, metals, commodities, options, and shares. It is regulated by the CySEC in Cyprus and the ASIC in Australia.
ThinkMarkets vs easyMarkets Regulation Comparison
Both brokers are regulated by the ASIC in Australia, which means they have to comply with strict rules regarding client funds protection, financial reporting, and dispute resolution. However, ThinkMarkets has more regulatory licenses than easyMarkets, as it is also authorized by the FCA in the UK, the FSCA in South Africa, and the FSA in Seychelles. This gives ThinkMarkets a wider global reach and more credibility among traders.
easyMarkets is only regulated by the CySEC in Cyprus besides the ASIC in Australia. The CySEC is a reputable regulator in Europe, but it has less stringent requirements than the FCA in terms of capital adequacy, leverage limits, and compensation schemes. Therefore, some traders may prefer ThinkMarkets over easyMarkets for its higher regulatory standards.
ThinkMarkets vs easyMarkets Trading Assets Comparison
- Both brokers offer a wide range of trading assets for their clients to choose from. ThinkMarkets has over 4,000 instruments across forex, CFDs, cryptocurrencies, indices, metals, commodities, and shares. easyMarkets has over 275 instruments across forex, CFDs, cryptocurrencies, indices, metals, commodities, options, and shares.
- The main difference between the two brokers is that ThinkMarkets offers more CFDs on shares and indices than easyMarkets. ThinkMarkets has over 2,000 share CFDs from global markets such as the US, UK, Australia, Germany, France, and more. easyMarkets has only about 200 share CFDs from mainly US and European markets. ThinkMarkets also has more index CFDs than easyMarkets, covering major US and global indices as well as niche ones such as cannabis and volatility. easyMarkets only offers index CFDs on major US and European indices.
- On the other hand, easyMarkets has an advantage over ThinkMarkets in terms of options trading. easyMarkets offers vanilla options on forex and metals, which are powerful trading tools that allow traders to hedge their positions or speculate on market movements with predefined risk and reward. ThinkMarkets does not offer options trading at all.
ThinkMarkets vs easyMarkets Trading Fees Comparison
Both brokers charge competitive fees for their trading services. ThinkMarkets offers tight spreads from as low as 0.4 pips on forex and zero commissions on most instruments. However, some instruments such as share CFDs may incur a commission fee depending on the account type and market conditions. ThinkMarkets also charges swap fees for holding positions overnight and may apply an inactivity fee of $25 per month after 12 months of no trading activity.
easyMarkets offers fixed spreads from as low as 0.8 pips on forex and zero commissions on all instruments. However, some instruments such as options may incur a premium fee depending on the strike price and expiry date. easyMarkets also charges swap fees for holding positions overnight but does not charge any inactivity fees or withdrawal fees.
ThinkMarkets vs easyMarkets Account Types Comparison
Both brokers offer different account types to suit different trading needs and preferences. ThinkMarkets has three account types: Standard, ThinkZero (ECN), and Islamic (swap-free). The Standard account has no minimum deposit requirement and offers variable spreads from 0.4 pips on forex and zero commissions on most instruments. The ThinkZero account requires a minimum deposit of $500 and offers variable spreads from 0 pips on forex but charges a commission of $3.5 per side per lot traded. The Islamic account has no minimum deposit requirement and offers variable spreads from 0.4 pips on forex and zero commissions on most instruments, but does not charge any swap fees for holding positions overnight.
easyMarkets has two account types: Standard and VIP. The Standard account has no minimum deposit requirement and offers fixed spreads from 0.8 pips on forex and zero commissions on all instruments. The VIP account requires a minimum deposit of $2,000 and offers fixed spreads from 0.6 pips on forex and zero commissions on all instruments, as well as other benefits such as personal account manager, SMS market updates, and higher leverage.
ThinkMarkets vs easyMarkets Deposit Options Comparison
Both brokers offer a variety of deposit and withdrawal options for their clients. ThinkMarkets accepts deposits and withdrawals via bank wire transfer, credit/debit card, Skrill, Neteller, PayPal, and BitPay. The minimum deposit amount is $0 for bank wire transfer and credit/debit card, $100 for Skrill and Neteller, $50 for PayPal, and $10 for BitPay. The minimum withdrawal amount is $80 for bank wire transfer, $50 for credit/debit card, Skrill, Neteller, and PayPal, and $10 for BitPay. ThinkMarkets does not charge any deposit or withdrawal fees, but some third-party providers may apply their own fees.
easyMarkets accepts deposits and withdrawals via bank wire transfer, credit/debit card, Skrill, Neteller, WebMoney, FasaPay, UnionPay, BPay, SoFortüberweisung, giropay, iDeal, and Trustly. The minimum deposit amount is $100 for all methods except for bank wire transfer which has no minimum requirement. The minimum withdrawal amount is $50 for all methods except for bank wire transfer which has no minimum requirement. easyMarkets does not charge any deposit or withdrawal fees, but some third-party providers may apply their own fees.
ThinkMarkets vs easyMarkets Trading Platforms Comparison
- Both brokers offer multiple trading platforms to cater to different trading styles and preferences. ThinkMarkets offers three trading platforms: ThinkTrader (web/app), MetaTrader 4 (MT4), and MetaTrader 5 (MT5). ThinkTrader is a proprietary platform that has an intuitive design and easy trade management. It also has a powerful suite of analytical tools and a consistent trading experience across mobile, desktop, and web. MT4 is an established platform that offers high-end service for ultra-fast trade execution. It also has a range of institutional-quality apps, indicators, and tools. MT5 is an upgraded platform that offers more technical indicators and timeframes than MT4. It also has an improved strategy tester for expert advisors (EAs) and a built-in economic calendar.
- easyMarkets offers four trading platforms: easyMarkets Web/App Platform, TradingView Platform, MT4 Platform, and MT5 Platform. easyMarkets Web/App Platform is a proprietary platform that offers tight fixed spreads, free guaranteed stop loss and take profit, zero slippage, and no commissions or hidden fees. It also has unique tools such as dealCancellation (which allows traders to undo a losing trade within a specified time), Freeze Rate (which allows traders to pause the market price for a few seconds), and Inside Viewer (which shows the percentage of traders buying and selling). TradingView Platform is a social network platform that offers tight fixed spreads, advanced charting and analytics, and no commissions or hidden fees. MT4 Platform is similar to ThinkMarkets’ MT4 Platform. MT5 Platform is similar to ThinkMarkets’ MT5 Platform.
ThinkMarkets vs easyMarkets Analytical Tools Comparison
Both brokers provide various analytical tools to help their clients make informed trading decisions. ThinkMarkets offers market news, economic calendar, trading signals (powered by Autochartist), technical analysis (powered by Trading Central), market sentiment indicators (powered by FX Wire Pro), and educational resources.
easyMarkets offers market news (powered by Dow Jones), economic calendar (powered by FXStreet), trading signals (powered by Trading Central), technical analysis (powered by Trading Central), market sentiment indicators (powered by easyMarkets), and educational resources.
ThinkMarkets vs easyMarkets. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose, as different brokers may suit different traders depending on their trading goals, preferences, and strategies. However, you can consider some of the following factors to help you make your decision:
- Regulation: If you value the security and credibility of your broker, you may prefer ThinkMarkets over easyMarkets, as ThinkMarkets has more regulatory licenses from reputable authorities such as the FCA in the UK and the FSCA in South Africa. However, if you are comfortable with trading with a broker that is regulated by the CySEC in Cyprus and the ASIC in Australia, you may find easyMarkets satisfactory as well.
- Trading Assets: If you want to trade a wide range of instruments, especially CFDs on shares and indices, you may prefer ThinkMarkets over easyMarkets, as ThinkMarkets offers over 4,000 instruments across various markets. However, if you are interested in trading options on forex and metals, you may prefer easyMarkets over ThinkMarkets, as easyMarkets offers vanilla options that can enhance your trading potential.
- Trading Fees: If you want to trade with low or zero commissions and fixed spreads, you may prefer easyMarkets over ThinkMarkets, as easyMarkets offers tight fixed spreads from as low as 0.8 pips on forex and zero commissions on all instruments. However, if you want to trade with variable spreads and ECN execution, you may prefer ThinkMarkets over easyMarkets, as ThinkMarkets offers variable spreads from as low as 0 pips on forex and ECN accounts with low commissions.
- Account Types: If you want to trade with no minimum deposit requirement and swap-free accounts, you may prefer ThinkMarkets over easyMarkets, as ThinkMarkets offers three account types that have no minimum deposit requirement and one account type that is Islamic (swap-free). However, if you want to trade with free guaranteed stop loss and take profit, zero slippage, and unique tools such as dealCancellation and Freeze Rate, you may prefer easyMarkets over ThinkMarkets, as easyMarkets offers two account types that have these features.
- Deposit and Withdrawal Options: If you want to deposit and withdraw funds via a variety of methods, including PayPal and BitPay, you may prefer ThinkMarkets over easyMarkets, as ThinkMarkets accepts more payment methods than easyMarkets. However, if you want to deposit and withdraw funds without any fees from the broker’s side, you may prefer easyMarkets over ThinkMarkets, as easyMarkets does not charge any deposit or withdrawal fees while ThinkMarkets may charge an inactivity fee after 12 months of no trading activity.
- Trading Platforms: If you want to trade with a proprietary platform that has an intuitive design and easy trade management, you may prefer ThinkTrader from ThinkMarkets or easyMarkets Web/App Platform from easyMarkets, as both platforms offer a user-friendly interface and powerful features. However, if you want to trade with a social network platform that has advanced charting and analytics, you may prefer TradingView Platform from easyMarkets over ThinkTrader from ThinkMarkets, as TradingView Platform offers more tools and indicators than ThinkTrader. Alternatively, if you want to trade with an established platform that offers high-end service for ultra-fast trade execution and a range of institutional-quality apps, indicators, and tools, you may prefer MT4 or MT5 from either broker, as both brokers offer these platforms with similar functionalities.
- Analytical Tools: If you want to access market news, economic calendar, trading signals, technical analysis, market sentiment indicators, and educational resources from your broker, you may find both brokers satisfactory as they offer similar analytical tools for their clients. However, some of the tools may differ in terms of their sources or providers. For example, ThinkMarkets offers trading signals powered by Autochartist while easyMarkets offers trading signals powered by Trading Central. You may want to compare the quality and accuracy of these tools before choosing your broker.
