Compare ThinkMarkets vs Forex.com
What is ThinkMarkets? What is Forex.com?
ThinkMarkets is an online broker that offers CFD trading on forex, stocks, indices, cryptocurrencies, commodities and metals.
Forex.com is an online broker that offers forex trading, unleveraged spot metals trading, and selected futures trading through its affiliate.
ThinkMarkets vs Forex.com Regulation Comparison
Both ThinkMarkets and Forex.com are regulated by the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC) in Australia. ThinkMarkets also holds licenses from the Financial Sector Conduct Authority (FSCA) in South Africa, the Financial Services Authority (FSA) in Seychelles, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, and the National Futures Association (NFA) in the US.
Forex.com is a subsidiary of StoneX Group Inc., a publicly traded company that is listed on the NASDAQ and meets the highest standards of corporate governance, financial reporting and disclosure.
ThinkMarkets vs Forex.com Trading Assets Comparison
ThinkMarkets offers over 4,000 financial instruments to trade, including over 40 forex pairs, over 3,000 shares and ETFs, 14 cryptocurrencies, 12 indices, 6 commodities and 4 metals.
Forex.com offers over 500 markets to trade, including over 80 forex pairs, 10 cryptocurrencies, 15 indices, 6 commodities and 2 metals. Forex.com also provides access to equities, ETFs, options and more through its affiliate SA Stone Wealth Management Inc., as well as traditional futures and futures options trading through its affiliate FuturesOnline.
ThinkMarkets vs Forex.com Trading Fees Comparison
ThinkMarkets has two pricing models: standard and raw. The standard pricing model has no commission but wider spreads, while the raw pricing model has a $7 USD commission per $100k USD traded but tighter spreads as low as 0.0 for major pairs.
Forex.com also has two pricing models: standard and commission. The standard pricing model has no commission but wider spreads, while the commission pricing model has a $5 USD commission per $100k USD traded but tighter spreads as low as 0.0 for major pairs. Both brokers also charge swap fees for holding positions overnight and may apply other fees such as inactivity fees or withdrawal fees depending on the account type and payment method.
ThinkMarkets vs Forex.com Account Types Comparison
ThinkMarkets has three account types: standard, think zero and invest. The standard account has no minimum deposit requirement and offers the standard pricing model. The think zero account requires a minimum deposit of $500 USD and offers the raw pricing model. The invest account requires a minimum deposit of $8 AUD and allows investing in shares and ETFs with HIN ownership.
Forex.com has two account types: standard and active trader. The standard account has no minimum deposit requirement and offers the standard pricing model. The active trader account requires a minimum deposit of $25k USD and offers the commission pricing model as well as monthly cash rebates on more products than ever.
ThinkMarkets vs Forex.com Deposit Options Comparison
ThinkMarkets supports various deposit and withdrawal options such as bank transfer, wire transfer, debit card, credit card, PayPal, Neteller, Skrill, BitPay and more.
Forex.com supports bank transfer, wire transfer and debit card as deposit and withdrawal options. Both brokers do not charge any fees for deposits or withdrawals but may have different processing times depending on the payment method.
ThinkMarkets vs Forex.com Trading Platforms Comparison
ThinkMarkets offers three trading platforms: ThinkTrader, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). ThinkTrader is an intuitive and powerful platform that features one-swipe trading, TradingView charts, performance analytics, smart signals and more. MT4 is an established and stable platform that offers high-end service for ultra-fast trade execution and benefits from institutional-quality apps, indicators and tools. MT5 is an upgraded version of MT4 that offers more technical indicators, timeframes, improved strategy tester for EAs and built-in economic calendar.
Forex.com also offers three trading platforms: mobile app, web trading platform and MT4. The mobile app is packed with tools and features such as one-swipe trading, TradingView charts, performance analytics, smart signals and more. The web trading platform provides access to TradingView charts with over 80 indicators, Reuters news feeds, behavioral science technology and more. MT4 is similar to the one offered by ThinkMarkets but with some exclusive add-ons such as advanced trade management tools.
ThinkMarkets vs Forex.com Analytical Tools Comparison
Both ThinkMarkets and Forex.com provide analytical tools to help traders make informed decisions. ThinkMarkets offers market news updates from FX Wire Pro, economic calendar, trading guides, expert insights and more.
Forex.com offers market news updates from Reuters, economic calendar, trading guides, market analysis and more. Both brokers also integrate with Capitalise.ai, a platform that allows traders to automate their trading strategies with ease.
ThinkMarkets vs Forex.com. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer as to which forex broker is better or which one you should choose, as different brokers may suit different traders depending on preference, their goals, strategies and risk appetite. However, you can refer to some comparison points that can help you make an informed decision:
- Regulation: Both ThinkMarkets and Forex.com are regulated by the FCA in the UK and the ASIC in Australia, which are reputable and strict regulators that ensure high standards of customer protection and security. ThinkMarkets also holds licenses from other regulators in South Africa, Seychelles, Cyprus and the US, while Forex.com is a subsidiary of StoneX Group Inc., a publicly traded company that meets the highest standards of corporate governance, financial reporting and disclosure. Therefore, both brokers are trustworthy and reliable in terms of regulation.
- Trading Assets: ThinkMarkets offers more trading assets than Forex.com, with over 4,000 financial instruments to trade, including over 40 forex pairs, over 3,000 shares and ETFs, 14 cryptocurrencies, 12 indices, 6 commodities and 4 metals. Forex.com offers over 500 markets to trade, including over 80 forex pairs, 10 cryptocurrencies, 15 indices, 6 commodities and 2 metals. Forex.com also provides access to equities, ETFs, options and more through its affiliate SA Stone Wealth Management Inc., as well as traditional futures and futures options trading through its affiliate FuturesOnline. Therefore, if you are looking for more variety and diversity in your trading portfolio, ThinkMarkets may be a better choice for you.
- Trading Fees: Both ThinkMarkets and Forex.com have two pricing models: standard and commission. The standard pricing model has no commission but wider spreads, while the commission pricing model has a commission per trade but tighter spreads. The commission rates are similar for both brokers: $7 USD per $100k USD traded for ThinkMarkets and $5 USD per $100k USD traded for Forex.com. However, the spreads may vary depending on the market conditions and the account type. Therefore, you may want to compare the live spreads of both brokers before choosing one.
- Account Types: Both ThinkMarkets and Forex.com have three account types: standard, commission-based and invest/active trader. The standard account has no minimum deposit requirement and offers the standard pricing model. The commission-based account requires a minimum deposit of $500 USD for ThinkMarkets and $25k USD for Forex.com and offers the commission pricing model as well as some additional benefits such as monthly cash rebates for Forex.com. The invest/active trader account allows investing in shares and ETFs with HIN ownership for ThinkMarkets and requires a minimum deposit of $8 AUD. Therefore, depending on your trading capital and style, you may prefer one account type over another.
- Deposit and Withdrawal Options: ThinkMarkets supports more deposit and withdrawal options than Forex.com, such as bank transfer, wire transfer, debit card, credit card, PayPal, Neteller, Skrill, BitPay and more. Forex.com only supports bank transfer, wire transfer and debit card as deposit and withdrawal options. Both brokers do not charge any fees for deposits or withdrawals but may have different processing times depending on the payment method. Therefore, if you are looking for more convenience and flexibility in your payment options, ThinkMarkets may be a better choice for you.
- Trading Platforms: Both ThinkMarkets and Forex.com offer three trading platforms: mobile app, web trading platform and MT4. The mobile app is similar for both brokers, with features such as one-swipe trading, TradingView charts, performance analytics, smart signals and more. The web trading platform is also similar for both brokers, with access to TradingView charts with over 80 indicators, Reuters news feeds (for Forex.com), behavioral science technology (for Forex.com) and more. MT4 is an established and stable platform that offers high-end service for ultra-fast trade execution and benefits from institutional-quality apps (for ThinkMarkets), indicators (for ThinkMarkets) and tools (for both brokers). MT5 is an upgraded version of MT4 that offers more technical indicators (for ThinkMarkets), timeframes (for ThinkMarkets), improved strategy tester for EAs (for ThinkMarkets) and built-in economic calendar (for ThinkMarkets). Therefore, if you are looking for more advanced features and functionality in your trading platform, ThinkMarkets may be a better choice for you.
- Analytical Tools: Both ThinkMarkets and Forex.com provide analytical tools to help traders make informed decisions. ThinkMarkets offers market news updates from FX Wire Pro (for ThinkMarkets), economic calendar (for both brokers), trading guides (for both brokers), expert insights (for ThinkMarkets) and more. Forex.com offers market news updates from Reuters (for Forex.com), economic calendar (for both brokers), trading guides (for both brokers), market analysis (for Forex.com) and more. Both brokers also integrate with Capitalise.ai, a platform that allows traders to automate their trading strategies with ease (for both brokers). Therefore, both brokers offer a good range of analytical tools to support your trading journey.
