Compare ThinkMarkets vs WorldForex
What is ThinkMarkets? What is WorldForex?
ThinkMarkets is a global broker that was founded in 2010 and is regulated by several authorities, including the FCA, ASIC, FSCA, and FSA. WorldForex is a broker that was established in 2007 and is licensed by the VFSC. ThinkMarkets offers over 1,600 trading instruments, including forex, indices, commodities, metals, cryptocurrencies, and shares. WorldForex offers over 100 trading instruments, including forex, metals, oil, and indices.
ThinkMarkets vs WorldForex Regulation Comparison
ThinkMarkets has a higher trust score than WorldForex.ThinkMarkets holds 5 Tier-1 licenses, 1 Tier-2 license, and 0 Tier-3 licenses, while WorldForex holds 0 Tier-1 licenses, 0 Tier-2 licenses, and 1 Tier-3 license. A Tier-1 license indicates a high level of regulatory oversight and investor protection, while a Tier-3 license indicates a low level of regulatory oversight and investor protection.
ThinkMarkets vs WorldForex Trading Assets Comparison
ThinkMarkets has a wider range of trading assets than WorldForex. ThinkMarkets offers 46 forex pairs, while WorldForex offers 40 forex pairs. ThinkMarkets also offers more CFDs on indices, commodities, metals, cryptocurrencies, and shares than WorldForex. ThinkMarkets has access to global markets such as the US, UK, Europe, Asia-Pacific, and Africa, while WorldForex has access to mainly European and Asian markets.
ThinkMarkets vs WorldForex Trading Fees Comparison
ThinkMarkets charges an average spread of 0.8 pips on EUR/USD for its standard account and 0 pips for its zero account (with a commission of $3.5 per lot per side).
WorldForex charges an average spread of 2 pips on EUR/USD for its standard account and 0 pips for its ECN account (with a commission of $10 per lot per side). ThinkMarkets also offers discounts for active traders and VIP clients.
ThinkMarkets vs WorldForex Account Types Comparison
ThinkMarkets has more account types than WorldForex. ThinkMarkets offers three account types: standard, zero (ECN), and thinkzero (professional). WorldForex offers two account types: standard and ECN.
Both brokers offer demo accounts and Islamic accounts for swap-free trading. ThinkMarkets requires a minimum deposit of $250 for its standard account and $500 for its zero account, while WorldForex requires a minimum deposit of $1 for both its account types.
ThinkMarkets vs WorldForex Deposit Options Comparison
ThinkMarkets has more deposit and withdrawal options than WorldForex. ThinkMarkets accepts various payment methods such as bank wire transfer, credit/debit card, Skrill, Neteller, PayPal, Bitcoin, Klarna/Sofort Banking etc., while WorldForex accepts only bank wire transfer, credit/debit card, WebMoney etc. Both brokers do not charge any fees for deposits or withdrawals.
ThinkMarkets vs WorldForex Trading Platforms Comparison
ThinkMarkets has better trading platforms than WorldForex. ThinkMarkets offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms as well as its own proprietary platform called Trade Interceptor. WorldForex offers only the MT4 platform.
Both brokers provide web-based and mobile versions of their platforms as well as various trading tools such as indicators, charts, signals etc.
ThinkMarkets vs WorldForex Analytical Tools Comparison
ThinkMarkets has more analytical tools than WorldForex. ThinkMarkets provides various research and educational resources such as market news, analysis, webinars etc., while WorldForex provides only basic market news and analysis.
ThinkMarkets also offers a free VPS service for clients who trade at least 15 lots per month.
ThinkMarkets vs WorldForex. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences and trading goals. Here are some factors that you may want to consider before choosing a broker:
- Regulation: ThinkMarkets is regulated by several reputable authorities, such as the FCA, ASIC, FSCA, and FSA, while WorldForex is licensed by the VFSC, which is a low-tier regulator. This means that ThinkMarkets has a higher level of trustworthiness and security than WorldForex. You may want to choose a broker that is regulated by a well-known authority in your jurisdiction or region.
- Trading Assets: ThinkMarkets offers a wider range of trading instruments than WorldForex, including forex, indices, commodities, metals, cryptocurrencies, and shares. This gives you more opportunities to diversify your portfolio and trade different markets. You may want to choose a broker that offers the assets that you are interested in or familiar with.
- Trading Fees: ThinkMarkets has lower trading fees than WorldForex, especially for its zero account type, which offers zero spreads and low commissions. This can help you save money and increase your profits. You may want to choose a broker that has competitive and transparent pricing and does not charge any hidden fees or charges.
- Account Types: ThinkMarkets has more account types than WorldForex, including standard, zero (ECN), and thinkzero (professional). This gives you more flexibility and options to suit your trading style and needs. You may want to choose a broker that has an account type that matches your trading experience, risk appetite, and capital.
- Deposit and Withdrawal Options: ThinkMarkets has more deposit and withdrawal options than WorldForex, including bank wire transfer, credit/debit card, Skrill, Neteller, PayPal, Bitcoin etc., while WorldForex accepts only bank wire transfer, credit/debit card, WebMoney etc. This gives you more convenience and ease of funding and withdrawing your money. You may want to choose a broker that supports your preferred payment method and currency.
- Trading Platforms: ThinkMarkets has better trading platforms than WorldForex, offering the popular MT4 and MT5 platforms as well as its own proprietary platform called Trade Interceptor. These platforms are user-friendly, reliable, and feature-rich, providing various trading tools such as indicators, charts, signals etc. You may want to choose a broker that offers a platform that you are comfortable with and meets your trading needs.
- Analytical Tools: ThinkMarkets has more analytical tools than WorldForex, providing various research and educational resources such as market news, analysis, webinars etc., as well as a free VPS service for active traders. These tools can help you improve your trading skills and performance. You may want to choose a broker that offers quality and useful information and services to support your trading.
