Compare ThinkMarkets vs ForexMart
What is ThinkMarkets? What is ForexMart?
ThinkMarkets is an award-winning online broker that offers trading in forex, shares, indices, metals, commodities, and cryptocurrencies. It has been established since 2010 and is regulated by the FCA and ASIC.
ForexMart is an online broker that specializes in forex trading, as well as offering trading in crypto, gold, and stocks. It has been operating since 2015 and is regulated by CySEC and IFSC.
ThinkMarkets vs ForexMart Regulation Comparison
ThinkMarkets and ForexMart are both regulated by reputable authorities in their respective jurisdictions. ThinkMarkets is authorized and regulated by the Financial Conduct Authority (FCA) in the UK and the Australian Securities and Investments Commission (ASIC) in Australia. ForexMart is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) in Cyprus and the International Financial Services Commission (IFSC) in Belize.
ThinkMarkets vs ForexMart Trading Assets Comparison
ThinkMarkets and ForexMart offer different ranges of trading assets for their clients. ThinkMarkets provides access to over 4,000 instruments across various markets, including forex, cryptocurrencies, indices, commodities, share CFDs, and metals.
ForexMart offers over 100 instruments, mainly focusing on forex pairs, but also including crypto, gold, and stocks.
ThinkMarkets vs ForexMart Trading Fees Comparison
ThinkMarkets and ForexMart have different fee structures for their trading services. ThinkMarkets offers competitive spreads as low as 0.4 pips on major forex pairs, zero commissions on most instruments, no deposit fees, no requotes, and negative balance protection.
ForexMart offers leverage up to 1:3000 on forex pairs, zero spreads on some instruments, no deposit fees, swap-free accounts, and negative balance protection.
ThinkMarkets vs ForexMart Account Types Comparison
ThinkMarkets and ForexMart have different account types for their clients to choose from. ThinkMarkets offers three types of accounts: Standard, ThinkZero, and Islamic. The Standard account has no minimum deposit requirement, variable spreads from 0.4 pips, and no commissions. The ThinkZero account requires a minimum deposit of $500, has raw spreads from 0 pips, and charges a commission of $3.5 per side per lot. The Islamic account is a swap-free account that follows the Sharia law principles.
ForexMart offers two types of accounts: Classic and Pro. The Classic account has no minimum deposit requirement, fixed spreads from 2 pips, and no commissions. The Pro account requires a minimum deposit of $1000, has variable spreads from 0 pips, and charges a commission of $2 per side per lot.
ThinkMarkets vs ForexMart Deposit Options Comparison
ThinkMarkets and ForexMart have different deposit and withdrawal options for their clients. ThinkMarkets accepts various payment methods such as bank wire transfer, credit/debit cards, Skrill, Neteller, PayPal, BitPay, Klarna/Sofort Banking etc. ForexMart accepts bank wire transfer, credit/debit cards, Skrill/Neteller/PayPal etc.
ThinkMarkets vs ForexMart Trading Platforms Comparison
ThinkMarkets and ForexMart have different trading platforms for their clients to use. ThinkMarkets offers three platforms: ThinkTrader (its proprietary platform), MetaTrader 4 (MT4), and MetaTrader 5 (MT5). ThinkTrader is a user-friendly platform that has intuitive design, powerful analytical tools, consistent trading experience across devices etc. MT4 and MT5 are popular platforms that have high-end features such as technical indicators, automated trading systems etc. ForexMart offers only one platform: MT4.
ThinkMarkets vs ForexMart Analytical Tools Comparison
ThinkMarkets and ForexMart have different analytical tools for their clients to use. ThinkMarkets provides various tools such as economic calendar, market news, trading guides, expert insights etc. ForexMart provides an economic calendar and market news.
ThinkMarkets vs ForexMart. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker is a personal decision that depends on your trading style, goals, preferences, and risk appetite. There is no definitive answer to which forex broker is better, as different brokers may suit different traders better. However, you can consider some of the following factors to help you make your choice:
- Regulation: ThinkMarkets and ForexMart are both regulated by reputable authorities, but ThinkMarkets has more licenses from different jurisdictions, which may indicate a higher level of trustworthiness and security.
- Trading Assets: ThinkMarkets offers a wider range of trading assets than ForexMart, which may appeal to traders who want more diversity and opportunities in their portfolio.
- Trading Fees: ThinkMarkets and ForexMart have different fee structures, but both offer competitive pricing and low costs for their services. ThinkMarkets has lower spreads on most instruments, but ForexMart has higher leverage and zero spreads on some instruments. You should consider your trading volume, frequency, and strategy to determine which fee structure is more suitable for you.
- Account Types: ThinkMarkets and ForexMart have different account types that cater to different levels of traders. ThinkMarkets has a Standard account with no minimum deposit requirement, a ThinkZero account with raw spreads and commissions, and an Islamic account for swap-free trading. ForexMart has a Classic account with fixed spreads and no commissions, and a Pro account with variable spreads and commissions. You should consider your trading capital, experience, and preferences to choose the account type that meets your needs.
- Deposit and Withdrawal Options: ThinkMarkets and ForexMart have different deposit and withdrawal options that may affect your convenience and speed of transactions. ThinkMarkets accepts more payment methods than ForexMart, including PayPal, BitPay, Klarna/Sofort Banking etc. ForexMart accepts fewer payment methods, but also includes Skrill/Neteller/PayPal etc.
- Trading Platforms: ThinkMarkets and ForexMart have different trading platforms that may affect your trading experience and performance. ThinkMarkets offers three platforms: ThinkTrader (its proprietary platform), MetaTrader 4 (MT4), and MetaTrader 5 (MT5). ThinkTrader is a user-friendly platform that has intuitive design, powerful analytical tools, consistent trading experience across devices etc. MT4 and MT5 are popular platforms that have high-end features such as technical indicators, automated trading systems etc. ForexMart offers only one platform: MT4.
- Analytical Tools: ThinkMarkets and ForexMart have different analytical tools that may help you make better trading decisions and improve your skills. ThinkMarkets provides various tools such as economic calendar, market news, trading guides, expert insights etc. ForexMart provides an economic calendar and market news.
