Compare ThinkMarkets vs Globex360
What is ThinkMarkets? What is Globex360?
ThinkMarkets is an FCA and ASIC-regulated online broker that offers CFD trading on forex, shares, indices, metals, commodities and cryptocurrencies.
Globex360 is a South African-based broker that provides forex and CFD trading on various platforms, including MT4 and its own proprietary app.
ThinkMarkets vs Globex360 Regulation Comparison
ThinkMarkets is regulated by the Financial Conduct Authority (FCA) in the UK, the Australian Securities and Investments Commission (ASIC) in Australia, the Financial Sector Conduct Authority (FSCA) in South Africa, and the Financial Services Authority (FSA) in Seychelles.
Globex360 is regulated by the FSCA in South Africa only.
ThinkMarkets vs Globex360 Trading Assets Comparison
ThinkMarkets offers over 4,000 instruments to trade, including over 40 forex pairs, over 3,000 shares and ETFs, 25 indices, 9 commodities, 10 metals and 6 cryptocurrencies.
Globex360 offers over 100 instruments to trade, including 50 forex pairs, 15 indices, 8 commodities, 4 metals and 4 cryptocurrencies.
ThinkMarkets vs Globex360 Trading Fees Comparison
ThinkMarkets has two types of accounts: Standard and ThinkZero. The Standard account has no commission but higher spreads, while the ThinkZero account has lower spreads but a commission of $3.5 per side per lot. The minimum deposit for both accounts is $250.
Globex360 has three types of accounts: Standard, Premium and VIP. The Standard account has no commission but higher spreads, while the Premium and VIP accounts have lower spreads but a commission of $7 per round turn lot. The minimum deposit for the Standard account is $100, while the Premium and VIP accounts require $2,000 and $10,000 respectively.
ThinkMarkets vs Globex360 Account Types Comparison
ThinkMarkets offers two types of accounts: Standard and ThinkZero. Both accounts have a leverage of up to 1:500 for forex and 1:200 for other instruments. Both accounts also have negative balance protection, no requotes and no dealing desk intervention.
Globex360 offers three types of accounts: Standard, Premium and VIP. All accounts have a leverage of up to 1:500 for forex and 1:100 for other instruments. All accounts also have negative balance protection, no requotes and no dealing desk intervention.
ThinkMarkets vs Globex360 Deposit Options Comparison
ThinkMarkets accepts various payment methods for deposits and withdrawals, including bank wire transfer, credit/debit cards, Skrill, Neteller, PayPal and Bitcoin. The processing time for deposits is instant for most methods, except for bank wire transfer which may take up to 3 business days. The processing time for withdrawals is within 24 hours for most methods, except for bank wire transfer which may take up to 5 business days. There are no fees for deposits or withdrawals.
Globex360 accepts various payment methods for deposits and withdrawals, including bank wire transfer, credit/debit cards, Skrill, Neteller and Bitcoin. The processing time for deposits is instant for most methods, except for bank wire transfer which may take up to 3 business days. The processing time for withdrawals is within 24 hours for most methods, except for bank wire transfer which may take up to 5 business days. There are no fees for deposits or withdrawals.
ThinkMarkets vs Globex360 Trading Platforms Comparison
ThinkMarkets offers three trading platforms: ThinkTrader, MetaTrader 4 (MT4) and MetaTrader 5 (MT5). ThinkTrader is a proprietary platform that has an intuitive design, powerful analytical tools and a consistent trading experience across mobile, desktop and web devices. MT4 and MT5 are popular platforms that have high-end services, institutional-quality apps and indicators, improved strategy testers and built-in economic calendars.
Globex360 offers two trading platforms: MT4 and its own proprietary app. MT4 is a popular platform that has high-end services, institutional-quality apps and indicators, improved strategy testers and built-in economic calendars. The app is a mobile platform that has features such as trade history access, bank information review, withdrawal request submission, fund transfer between accounts and live price quote feed.
ThinkMarkets vs Globex360 Analytical Tools Comparison
ThinkMarkets provides various analytical tools to help traders with their trading decisions, such as Autochartist (a market scanner that identifies trading opportunities), Trading Central (a technical analysis tool that provides market insights and signals), Economic Calendar (a tool that displays important economic events and their impact on the markets), Market News (a tool that provides breaking news, expert insights and regular analysis) and Trading Guides (a tool that offers educational resources on trading basics and strategies).
Globex360 does not provide any specific analytical tools on its website or platforms, but it does offer some educational resources such as webinars, videos, articles and ebooks on its blog.
ThinkMarkets vs Globex360. 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 more reputable authorities than Globex360, which may give you more confidence and protection as a trader. ThinkMarkets is regulated by the FCA, ASIC, FSCA and FSA, while Globex360 is regulated by the FSCA only .
- Trading Assets: ThinkMarkets offers a wider range of trading instruments than Globex360, which may give you more opportunities and diversification as a trader. ThinkMarkets offers over 4,000 instruments, including over 40 forex pairs, over 3,000 shares and ETFs, 25 indices, 9 commodities, 10 metals and 6 cryptocurrencies. Globex360 offers over 100 instruments, including 50 forex pairs, 15 indices, 8 commodities, 4 metals and 4 cryptocurrencies.
- Trading Fees: ThinkMarkets and Globex360 have different fee structures for their accounts, which may affect your trading costs and profits as a trader. ThinkMarkets has two types of accounts: Standard and ThinkZero. The Standard account has no commission but higher spreads, while the ThinkZero account has lower spreads but a commission of $3.5 per side per lot. The minimum deposit for both accounts is $250. Globex360 has three types of accounts: Standard, Premium and VIP. The Standard account has no commission but higher spreads, while the Premium and VIP accounts have lower spreads but a commission of $7 per round turn lot. The minimum deposit for the Standard account is $100, while the Premium and VIP accounts require $2,000 and $10,000 respectively.
- Account Types: ThinkMarkets and Globex360 have similar account features for their accounts, such as leverage, negative balance protection, no requotes and no dealing desk intervention . However, ThinkMarkets offers more flexibility in terms of account currency options, as it supports USD, EUR, GBP, AUD and CHF, while Globex360 only supports USD and ZAR.
- Deposit and Withdrawal Options: ThinkMarkets and Globex360 accept various payment methods for deposits and withdrawals, such as bank wire transfer, credit/debit cards, Skrill, Neteller and Bitcoin . However, ThinkMarkets also accepts PayPal as an additional option. Both brokers have no fees for deposits or withdrawals , but the processing time may vary depending on the method used.
- Trading Platforms: ThinkMarkets offers three trading platforms: ThinkTrader, MT4 and MT5. Globex360 offers two trading platforms: MT4 and its own proprietary app . Both brokers support MT4, which is a popular platform that has high-end services, institutional-quality apps and indicators, improved strategy testers and built-in economic calendars . However, ThinkMarkets also supports MT5, which is an upgraded version of MT4 that has more features and functionalities. ThinkTrader is a proprietary platform that has an intuitive design, powerful analytical tools and a consistent trading experience across mobile, desktop and web devices. The app is a mobile platform that has features such as trade history access, bank information review, withdrawal request submission, fund transfer between accounts and live price quote feed.
- Analytical Tools: ThinkMarkets provides various analytical tools to help traders with their trading decisions, such as Autochartist (a market scanner that identifies trading opportunities), Trading Central (a technical analysis tool that provides market insights and signals), Economic Calendar (a tool that displays important economic events and their impact on the markets), Market News (a tool that provides breaking news, expert insights and regular analysis) and Trading Guides (a tool that offers educational resources on trading basics and strategies). Globex360 does not provide any specific analytical tools on its website or platforms, but it does offer some educational resources such as webinars, videos, articles and ebooks on its blog.
