Oanda and ThinkMarkets are Forex and CFD brokers offering online trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. Oanda is regulated by three tier-1, two tier-2, and two tier-4 jurisdictions, including the FCA, ASIC, CySEC, DFSA, CMA, and SCB. On the other hand, ThinkMarkets is regulated by five tier-1 jurisdictions, two tier-2 jurisdictions and one tier-4 jurisdictions, including ASIC, CySEC, FMA, JFSA, FSA-S, FSCA , FCA , DFSA. These two brokers offer almost similar services. However, each broker has its Own strengths and weaknesses.
In this article, we will compare Oanda with ThinkMarkets regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if Oanda is better than ThinkMarkets and vice versa. This comparison lets you understand which broker is better for your trading style and preferences.
Oanda vs ThinkMarkets (2024) In a Nutshell
Oanda
Founded by Drs. Stumm and Olsen in the USA in 1996, Oanda is one of the oldest and most experienced forex brokers in the world. The broker expanded into Asia in 2007, opened its London office in 2011, and its Sydney office in 2014. On its platforms, you can trade over 3000 forex, CFDs, and even real stocks.
Oanda Overview
- Founded In: 1996
- Founder: Dr. Stumm (a computer scientist), and Dr. Olsen (an economist)
- Headquarters: New York, United States
- Trading Instruments: 100+ trading Instruments including forex, indices, shares, commodities, metals, cryptocurrencies, metals
- Minimum Deposit: No minimum Deposit is required. You may deposit as low as $1
- Maximum Leverage: 1:50 (US), 1:30 (EU), 1:200 (other regions)
- Regulations: ASIC, CFTC, IIROC, FCA, PFSA, MAS in Singapore, FSA in Japan, FSC in BVI
- Trading platform: MT4, MT5, fxTrade app, Tradingview
- Account Types: Standard, Elitetrader
- Trading Fees: Spreads starting from 0.6 pips (EUR/USD pair)
- Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, ACH Payments (echeck), BPAY, CHAPS, Check, DBS Bill Payment, Local Bank Deposits, Local Bank Transfers, Neteller, Payment Asia, PayNow, PayPal, SEPA Credit Transfer (SCT), Skrill
- US Traders: Accepted
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
- Founded In: 2010
- Founder: Nauman and Faizan Anees
- Headquarters: London, England
- 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
Oanda vs ThinkMarkets: Pros and Cons
Oanda
ThinkMarkets
- 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
- 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
Oanda vs ThinkMarkets: Side-by-Side Comparison
- Regulated by the CySEC, FCA, CFTC, JFSA, IIROC, ASIC, MAS and FSC BVI
- Clients can trade over 1800 forex/CFDs and over 2000 real stocks.
- Platforms: MT4, MT5, and Oanda mobile apps on iOS and Android.
- Trading tools provided are MetaTrader premium tools, Autochartist, Market pulse analysis, etc.
- Customer support is provided in multiple languages and via different channels.
- Fast and user-friendly account opening
- The TradingView platform is available, alongside several VPS services for MT4 hosting.
- Bank withdrawals incur a fee which is transferred to the trader.
- Premium core accounts require a minimum balance of $20,000
- Inactivity fees are charged from dormant accounts.
- No account protection for U.S. clients
- No guaranteed stop-losses for U.S. or U.K. clients
- Traders in the U.S. cannot access single-stock CFDs
- No cent accounts, bonus programme for beginner traders
Oanda Vs ThinkMarkets: Our Scores and Ratings
We rated both brokers, Oanda 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.
Oanda
ThinkMarkets:
Oanda vs ThinkMarkets: Which One is better?
Now the question comes: is Oanda better than ThinkMarkets, or vice versa? The answer depends on traders’ and investors’ trading styles and preferences. Both Oanda and ThinkMarkets offer similar trading services worldwide. However, there are differences in their features, regulations, reputation, and operations. Here are the key facts about both brokers. By reviewing these options, you can clearly understand which broker is right for your trading goals
Oanda :
- Top regulated forex broker accepting both US and non-US clients.
- No minimum deposit is required; you may deposit as little as $1.
- The maximum leverage for Oanda is 1:200 (global), 1:50 (US), and 1:30 (EU).
- Oanda offers a variety of trading tools and platforms, including MT4, MT5, Webtrader, TradingView, and more.
- Trading fees: Spreads range from 0.1 to 0.6, and commissions range from $3.50 to $4 per lot. Spreads and commissions depend on your account type and the types of tradable assets.
- Oanda does not offer CFDs to US clients due to regulatory restrictions.Â
ThinkMarkets:
- ThinkMarkets is a forex and CFD broker regulated by ASIC, CySEC, FCA, JFSA, DFSA, NZFMA, CIMA, FSA in Seychelles, FSC in Mauritius
- Minimum deposit: $0 for Standard account, $500 for Thinkzero account
- Maximum leverage 1:2000 for the mini account. 1:500 for Standard and ThinkZero. Accounts.For EU, UK, and Australian clients the Max. leverage is 1;30(1:500 for professional account)Â
- Platforms and tools: MT4, MT5, ThinkTrader, ThinkPortal,
- The trading fee: Minimum spreads starting from 0.0 pips for ThinkZero account ( Standard account: 0.4, Mini account 2.25 pips)Â
- ThinkMarkets does not accept US Clients
Our score for Oanda is 8.8, and for Thinkmarkets it is 9.2.
