ThinkMarkets vs Forex.Com for 2024

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ThinkMarkets and Forex.com are online forex brokers that offer their trading services to traders and investors. ThinkMarkets is a regulated and trusted forex broker. It is regulated by multiple regulatory authorities including FSA- Seychelles, ASIC, CySEC, FCA, JFSA, FSA in Japan, FSCA, CIMA, FSC-Maritius, NZFMA, DFSA. Similarly, Forex.com is also a regulated broker which is regulated by CySEC, CFTC, NFA, CIMA, FCA, FSA, MAS, ASIC, CIRO. Both the brokers have their own strengths and weaknesses.  

In this article, we will review and compare the brokerage services offered by ThinkMarkets and Forex.com. We will explore options such as regulations, reputations, fees, features, leverage, and more. Additionally, we will analyze and rate the brokers based on macro and micro categories and options. By reviewing these aspects, you will get a clear idea of which broker suits you best for your trading journey.

ThinkMarkets vs Forex.Com: In a Nutshell

ThinkMarkets

Founded in 2010 by Nauman and Faizan Anees, ThinkMarkets is an Australian-based forex and CFD broker that offers online trading services worldwide.  The company has offices in London, Tokyo, Chicago, Melbourne, Limassol, Dubai, Sofia, and Johannesburg. 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. To learn more about Think Markets, read our review on Think Markets

ThinkMarkets At a Glance

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

Forex.Com

Founded in 2001 as part of Gain Capital Holdings, Forex.com is a well-established forex and CFD broker offering online trading services to retail traders worldwide. With over 4,500 trading instruments, including forex, indices, stocks, cryptocurrencies, commodities, gold, and silver, Forex.com is a major player in the industry. It is regulated by top authorities such as the FCA, DFSA, FSCA, FSA (Seychelles), CMA, and CySEC.

The broker provides popular trading platforms and tools like MT4, MT5, WebTrader, MobileTrader, TradingView, Capitalise.ai, Active Trader, VPS, and more. Forex.com is a wholly-owned subsidiary of StoneX, a NASDAQ-listed company with assets exceeding $7.1 billion, offering institutional-grade financial services networks that connect people to global markets.To learn more, you can read our review on Forex.com

Forex.com Overview

Forex.com Overview
  • Founded In: 2001
  • Founder:  Gain Capital
  • Headquarters: United States
  • Minimum Deposit: $50
  • Maximum Leverage: 50:1
  • Regulations:FCA, DFSA, FSCA, FSA(Seychelles), CMA, and CySEC
  • Trading platform:Mobile App, Web Trader, Meta Trader 5
  • Account Types: 2, (Standard, Raw Spread) 
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, ACH Payments (echeck)
  • US Traders: Accepted

ThinkMarkets vs: Forex.com Features

ThinkMarkets

  • Trading Instruments: 4000+ trading instruments including including forex, cryptocurrencies, shares CFDs, indices, metals, and commodities. 
  • Maximum leverage: The maximum leverage of ThinkMarkets is as high as 2000:1. Leverage may vary based on jurisdiction and tradable assets. 
  • Minimum Deposit: The minimum deposit is as low as $0. However, the minimum deposit varies based on account type. ( Standard account: $0, Mini Account: $10, ThinkZero Account: $500)
  • Account Types: Three ( Standard account, ThinkZero Account, Mini Account) 
  • Trading Fees: Spread starting from 1 pip for Standard Account or Commission 3.00 to 3.50 per lot for Razor Account on a Single Trip. 
  • Trading Fees: Spreads start from 0.4 pips for the standard account (No commission), and 2.52 pips for the Mini Account (no commission). The ThinkZero account has a spread of 0.0 pips with a commission of $3.5 per lot per side.
  • PAMM/ MAM:  Available 
  • Scalping: Allowed 
  • News Trading: Allowed
  • EA/ Robot Trading: Allowed

Forex.com

  • Trading Instruments: 4500+Trading instruments including forex, indices, stocks, cryptocurrencies, commodities, gold, and silver
  • Maximum Leverage: The maximum leverage of forex.com is  50:1 for US clients, 30:1 for EU Clients, 400:1 for CMA clients, and 200:1 for Global clients. 
  • Minimum Deposit: $100
  • Trading Fees: Starting from  1.2 pips spreads for Standard account or 7$per lot round trip for Raw account
  • MAM:  Available 
  • Scalping: Allowed 
  • News Trading: Allowed
  • EA/ Robot Trading: Allowed

ThinkMarkets vs Forex.Com: 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 

Forex.Com

Pros
  • Regulated by NFA, FCA, ASIC, CySEC,  IIROC, FSA, CIMA, MAS, 
  • Top-rated forex and CFD broker in the USA 
  • Free demo account for prospective traders
  • Crypto Trading available on MT5 Trading Platforms 
  • Offers protection for U.K./E.U. client accounts
  • VPS hosting for automated strategies
  • Offers MAM account for passive investors 
  • Low forex fees, no FX commissions
Cons
  •  You can not deposit less than $100
  •  Maximum leverage is 1:50
  • No account protection for U.S. clients
  • An inactivity fee applied after 12 months of no account activity
  • Non-user-friendly desktop platform
  • Cannot buy and sell other securities (like stocks and bonds)
  •  

ThinkMarkets vs Forex.Com: Side-by-Side Comparison

ThinkMarkets
Forex.com
Product
Product
ThinkMarkets
Forex.com
Founded In
Founded In
2010
2001
Founded By
Founded By
Nauman and Faizan Anees
GAIN Capita
Headquarters
Headquarters
London, England
New Jersey,United States
Regulations
Regulations
ASIC, CySEC, FCA, FSA, FSC, NZFMA, DFSA, JFSA, FSCA, CIMA
CySEC, CFTC, NFA, CIMA, FCA, FSA, MAS, ASIC, CIRO
Min Deposit
Min Deposit
None (Standard Account), $500 (ThinkZero account)
$100
Max Leverage
Max Leverage
1:2000
50:1
Tradable Assets
Tradable Assets
Forex, Futures, Commodities, Indices, ETFs, Crypto, Stocks
Forex, Indices, Stocks , Cryptocurrency, Commodities , Gold and Silver
Fees
Fees
Spread from 0.4 pips (Standard Account) or Commission $3.5 per side
Spread starting from 0.8 pips or commission $5
Platforms and Tools
Platforms and Tools
MT4, MT5, ThinkTrader, ThinkCopy
Mobile App, Web Trader, Meta Trader 5
US Traders
US Traders
Not Allowed
Allowed

ThinkMarkets Vs Forex.Com: Our Scores and Ratings

We rated both brokers, ThinkMarkets and Forex.Com, 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

Forex.Com

9
Forex.com Scores
Regulation and Security (40%)10
Fees and Commissions (20%)8
Trading (15%)9
Trading tools (10%)8
Customer Support (10%)8
Trading Education (5%)9

Final Verdict :

Both ThinkMarkets and Forex.com offer similar trading services globally and are regulated forex brokers. The minimum lot size for both is as low as 0.1. However, there are some differences between them.

For example, ThinkMarkets is regulated by 11 regulatory authorities, including FSA- Seychelles, ASIC, CySEC, FCA, JFSA, FSA in Japan, FSCA, CIMA, FSC-Maritius, NZFMA, DFSA, while Forex.com is regulated by 9 regulatory authorities, including CySEC, CFTC, NFA, CIMA, FCA, FSA, MAS, ASIC, CIRO. The trading cost for ThinkMarkets is 0.4 pips spread or commission $3.5 per lot, whereas Forex.com’s trading cost is 0.8 pips spread or commission $5.

ThinkMarkets cannot accept US clients as it is not regulated in the USA, while Forex.com, being a US-regulated forex broker, can accept clients from both the US and around the world.

Our score for Forex.com is 9, and for ThinkMarkets, it is 9.2 (according to our expert ratings, brokers that achieve a score of 8.00 or higher are considered safe and trustworthy).

Therefore, ThinkMarkets is most suited and trusted for non-US traders. However,  if you are a US trader seeking a trusted and regulated forex broker, Forex.com is a perfect choice.

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.

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