ThinkMarkets vs CMC Markets | Fees, Features, Safety & More for 2024

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ThinkMarkets vs CMC Markets: In a Nutshell

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

CMC Markets

Founded in 1989, CMC Markets is a publicly traded broker (Ticker: CMCX). The broker is regulated in the UK, Australia, Canada, and Singapore. It offers over 9800 trading instruments, including Forex, Indices, Cryptocurrencies, Shares & ETFs, and Commodities. There is no minimum deposit requirement on IC Markets; you may deposit as low as $1. CMC Markets allows EA trading and news trading. The broker uses the most popular trading ust Marketsplatform, MetaTrader (MT4), as its trading platform.

CMC Markets Overview
  • Founded In: 1989
  • Minimum Deposit: $0
  • Maximum Leverage: 1:500
  • Regulations: ASIC
  • Trading platform: MT4 , Share trading platforms
  • Account Types: SPREAD BETTING, Fx Active, CFD Trading
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard
  • US Traders: Not Accept

ThinkMarkets vs CMC Markets: Pros and Cons

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 

CMC Markets

Pros
  • Regulated by FCA, ASIC, IIROC, MAS, FMA
  • Founded in 1989, CMC Markets is publicly traded company
  • The minimum deposit is as low as $1 
  • Comparatively low spread starting from 0.7 pips
  • Allows news trading, EA/Robot trading
  • Extensive range of tradable assets 
  • Excellent education and research resources
Cons
  • Offered only MT4, no MT5, cTrader trading platforms 
  • Maximum leverage is only 1:300
  •  No passive investment programme or social trading platforms ( No PAMM, MAM accounts) 
  •  Does not accept US clients
  • Only CFD Trading 
  • High CFD spreads for certain Indices 
  • Spread betting only for UK residents

ThinkMarkets vs CMC Markets: Side-by-Side Comparison

Thinkmarkets
CMC Markets
Product
Founded In
Founded In
2010
1989
Founded By
Founded By
Nauman and Faizan Anees
Peter Andrew Cruddas, Baron Cruddas
Headquarters
Headquarters
London, England
London, United Kingdom
Regulations
Regulations
FCA, CySEC, FSA, ASIC ,FSCA
FCA, MAS, ASIC
Min Deposit
Min Deposit
None (Standard Account), $500 (ThinkZero account)
None
Max Leverage
Max Leverage
500:1
1:500
Tradable Assets
Tradable Assets
Forex , Stock Indices, Commodities, Bonds, Cryptocurrencies, Stocks
Forex , Indices, Share &ETFs, Commodities ,Cryptocurrencies, Treasuries
Fees
Fees
Spread from 0.4 pips (Standard Account) or Commission $3.5 per side
Spread from 0.5 pips on majors
Platforms and Tools
Platforms and Tools
MT4, MT5, ThinkTrader, ThinkCopy
MT4 , Share trading platforms
US Traders
US Traders
Not Allowed
Not Allow

ThinkMarkets Vs CMC Markets: Our Scores and Ratings

We rated both brokers, ThinkMarkets and CMC Markets, 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.

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

CMC Markets

9.0
CMC Markets Score
Regulation and Security (40%)9.7
Fees and Commissions (20%)8
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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