HotForex vs ThinkMarkets (2024)

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HotForex vs vs ThinkMarkets (2024): In a Nutshell

HotForex

Founded in 2010, HFM is a renowned broker with multiple regulations and ultra-fast executions of over 1000 trading instruments on its proprietary and MetaTrader platforms. The broker has received over 60 industry awards for outstanding performance. It boasts about 2.5 million clients from all over the world.

Hotforex Overview
  • Founded In: 2010
  • Minimum Deposit: $5
  • Maximum Leverage: 1:1000
  • Regulations: FCA, DFSA , FSCA ,FSA,CMA
  • Trading platform: MT4, MT5, HFM Platform
  • Account Types: Cent, Zero, Pro, Premium
  • Payment Options:Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BitPay, FasaPay, Maestro, Neteller, PayRedeem, Skrill, UnionPay, WebMoney
  • US Traders: Not Accept

ThinkMarkets

ThinkMarkets is an Australian forex and CFD broker founded in 2010. Today, it has offices in 10 locations and 10 licenses from different countries. On its MetaTrader and ThinkTrader platforms, clients can trade over 4,000 instruments. Real stock trading is available on the ThinkTrader app. Traders are supported with free VPS, Signal Centre, Dynamic leverage, Traders’ gym, etc.

ThinkMarkets At a Glance

ThinkMarkets At a Glance
  • Founded In: 2010
  • Minimum Deposit: $0 (Standard Account), $500 (ThinkZero account).
  • Maximum Leverage: 1:500
  • Regulations: ASIC, CySEC, FMA, JFSA, FSA-S, FSCA , FCA , DFSA
  • Trading platform: MT5, ThinkTrader, ThinkCopy
  • Account Types: Demo ,Standard Account, Think Zero, Mini Account
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, BPAY, Cryptocurrency, Neteller, PayPal, PayRetailers, Skrill
  • US Clients : Not Accepted

HotForex vs ThinkMarkets: Pros and Cons

HotForex

Pros
  • Regulated by the CySEC, FCA, FSCA, DFSA, CMA, FSC Mauritius, and FSA Seychelles.
  • The Maximum Leverage is as high as 1:2000
  • Favorable trading conditions and low spreads - from 0 pips;
  • Trading is available on the MT4, MT5, and HFM trading app
  • Available trading tools are MT4 premium trader tools, Autochartist, free VPS, etc
  • Insurance coverage of up to $5,000,000
  • Copy trading via HF Copy.
  • Market news, analysis, outlook, and webinars are provided by a dedicated team of analysts.
Cons
  • Premium Pro account requires a $5000 minimum balance
  • To copy trades on HF copy, you need a deposit of €300.
  • No micro accounts for European beginner traders.
  • No bonuses for EU Clients 
  • Few account currencies, which is why some clients have to pay for double conversion
  • Customer support is closed on weekends.

ThinkMarkets

Pros
  • Regulated by ASIC, FCA, CySEC, JFSA, FSA-S, DFSA 
  • The minimum deposit is as low as $1 
  • The Maximum Leverage is as high as 2000:1 
  • Allows scalping, EA trading, Copy trading
  • Offers social trading options PAMM, MAM Accounts
  • Negative balance protections for EU, UK, and Australian clients
  • Tight Spreads Starting From 0 pips 
  • MT4, MT5, and Thinktrader trading platforms are offered 
Cons
  • Only Forex and CFDs are offered (not real assets).
  • There is no investment protection scheme for Global traders.
  • Ctrader and TradingView are not offered.
  • No bonuses or promotional offerings are available.
  • Conditions may vary according to regulation and entity.
  • Offshore Entity for international traders 

HotForex vs ThinkMarkets: Side-by-Side Comparison

Hotforex
ThinkMarkets
Product
Founded In
Founded In
2010
2010
Founded By
Founded By
George Koumantaris
Nauman and Faizan Anees
Headquarters
Headquarters
Kingstown, St. Vincent
London, England
Regulations
Regulations
FCA, DFSA , FSCA ,FSA,CMA
FCA, CySEC, FSA, ASIC ,FSCA
Min Deposit
Min Deposit
$5
None (Standard Account), $500 (ThinkZero account)
Max Leverage
Max Leverage
2000:1
500:1
Tradable Assets
Tradable Assets
Forex,Metals,Energies,Indices,Stocks,Commodities,Bonds,ETFs,Cryptos
Forex , Stock Indices, Commodities, Bonds, Cryptocurrencies, Stocks
Fees
Fees
Spread from 0.5 pips
Spread from 0.4 pips (Standard Account) or Commission $3.5 per side
Platforms and Tools
Platforms and Tools
MT4, MT5, HFM App
MT4, MT5, ThinkTrader, ThinkCopy
US Traders
US Traders
Not Allowed
Not Allowed

HotForex Vs ThinkMarkets: Our Scores and Ratings

We rated both brokers, HotForex and Thinkmarkets, on a scale of 1 to 10, with 0.1 increments. To achieve a comprehensive rating, we broadly grouped all services offered by brokers into 6 macro categories and assigned percentage weights to them. Each macro category is subdivided into several data points which contributes to the total score of 1.0-10.0 assigned to each macro category. Since all categories are not equally important, our weight percentage plays a significant role in assessing the broker accurately. For example, Regulation and Security contributes a total weight of 40% to the whole ratings because this is the most important rating category. To learn more, read our methodology.

HotForex

9.1
Total Score
Regulation and Security (40%)9.8
Fees and Commissions (20%)9
Trading (15%)8
Trading tools (10%)9.2
Customer Support (10%)9
Trading Education (5%)8

ThinkMarkets:

9.2
Total Score
Regulation and Security (40%)9.8
Fees and Commissions (20%)8.4
Trading (15%)9
Trading tools (10%)8
Customer Support (10%)9.5
Trading Education (5%)9

Final Verdict :

Written by

Jason Paine is a forex trader, researcher, and tech enthusiast. He is passionate about financial markets and cutting-edge technology. With a dynamic 16-year trading career, he's on a mission to guide fellow traders. Having navigated diverse forex brokers, Jason shares his insights at Brokersway to bridge the gap between traders and the right brokerage.

DisclosureAt Brokersway we're committed to delivering unbiased information. our opinions are our own and are not influenced by the payment we receive from our advertising partners. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here's an explanation of how we make money.

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