ThinkMarkets vs RCG Markets | Fees, Features, Safety & More 2024

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ThinkMarkets and RCG Markets are Forex and CFD brokers offering online trading services to traders and investors worldwide. Both brokers are regulated by top-tier regulatory authorities. ThinkMarkets is regulated by 8 regulatory authorities , including the ASIC, CySEC, FMA, JFSA, FSA-S, FSCA , FCA , DFSA. On the other hand, RCG Markets is regulated by 3 regulatory authorities , including the SEC, FINRA, and FCA. These two brokers offer almost similar services. However, each broker has its strengths and weaknesses.

In this article, we will compare ThinkMarkets with RCG Markets regarding trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. We will also explore if ThinkMarkets is better than RCG Markets. This comparison lets you understand which broker is better for your trading style and preferences.

ThinkMarkets vs RCG Markets: 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

RCG Markets

Established in 2018, RCG Markets is a South Africa-based forex and CFD broker that offers online trading services. While licensed by the South Africa Financial Sector Conduct Authority (FSCA: FSP49769), it lacks regulation from other major regulatory bodies. The broker offers a wide range of trading instruments including forex, indices, shares, commodities, and energies. The broker provides access to the MT4 platform with competitive spreads and commissions.

RCG Markets Overview
  • Founded In: 2018
  • Minimum Deposit: R100
  • Maximum Leverage: 1:3000
  • Regulations:SEC, FINRA, and FCA
  • Trading platform: MT4, MT5
  • Account Types: Classic, Raw, ECN, Royal100
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, AdvCash, BitPay, bitwallet, ecoPayz, ePayments, FasaPay, Help2Pay, Neteller, Payfinder, Skrill, SticPay, TransfterMate, TroniPay, UnionPay, Uphold
  • US Traders: Not Accept

ThinkMarkets vs RCG Markets: 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

RCG Markets

  • Trading Instruments: A wide range of trading instruments including Forex, Indices, Shares, Commodities, and Energies. 
  • Maximum Leverage: The maximum leverage of RCG Markets is as high as 2000:1. However, leverage may vary based on tradable assets and account types
  • Minimum Deposit: The minimum deposit of RCF markets is as low as R50
  • Account Types: Four ( RCG Classic Account, RCG RAW, RCG ECN Account, ROYAL 100) 
  • Trading Fees: Spread starting from 1.5 pips for the RCG Classic Account and RCG Royal Account; commission of $7 for the RCG ECN Account. No commission and no spread for the RCG Raw Account
  • PAMM/ MAM:  Not Available
  • Scalping: Allowed 
  • News Trading: Allowed
  • EA/ Robot Trading: Allowed

ThinkMarkets vs RCG 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 

RCG Markets

Pros
  • Regulated by FSCA.
  • Offers popular trading platform (MT4).
  • The maximum leverage is as high as 2000:1.
  • Allows EA trading, scalping, and News trading.
  • Spreads starting from as low as 0 pips.
  • Offers multiple account types.
  • Provides ECN Executions.
  • A wide range of trading instruments are offered including Forex, Indices, Shares, Commodities, and Energies.
Cons
  • Lack of Regulatory Oversight (Only regulated by FSCA in South Africa).
  • The demo account is only valid for 14 days.
  • Limited Trading Platforms.
  • Limited research and educational resources.
  • No Social Trading Options.

ThinkMarkets vs RCG Markets: Side-by-Side Comparison

ThinkMarkets
RCG Markets
Product
Product
ThinkMarkets
RCG Markets
Founded In
Founded In
2010
2018
Founded By
Founded By
Nauman and Faizan Anees
Not Found
Headquarters
Headquarters
London, UK
Gauteng, South Africa
Regulations
Regulations
ASIC, CySEC, FCA, FSA, FSC, NZFMA, DFSA, JFSA, FSCA, CIMA
SEC, FINRA, and FCA
Min Deposit
Min Deposit
None (Standard Account), $500 (ThinkZero account)
R50
Max Leverage
Max Leverage
1:2000
1:3000
Tradable Assets
Tradable Assets
Forex, Futures, Commodities, Indices, ETFs, Crypto, Stocks
Forex ,Indices, Share,Commodities and Energies
Fees
Fees
Spread from 0.4 pips (Standard Account) or Commission $3.5 per side
Spread from 1.5 pips, commissions $7/round lot
Platforms and Tools
Platforms and Tools
MT4, MT5, ThinkTrader, ThinkCopy
MT4,MT5
US Traders
US Traders
Not Allowed
Not Allowed

ThinkMarkets Vs RCG Markets: Our Scores and Ratings

We rated both brokers, ThinkMarkets and RCG 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

RCG Markets

7
RCG Markets Scores
Regulation and Security (40%)5
Fees and Commissions (20%)9
Trading (15%)9
Trading tools (10%)7
Customer Support (10%)8
Trading Education (5%)7

Final Verdict :

ThinkMarkets and RCG Markets are regulated forex and CFD brokers in the industry. They offer similar trading services. Both brokers allow scalping, hedging, EA trading, and Copy trading. The minimum order size for both of them is 0.01. 

However, there are a few areas where you may find some differences. For example, the minimum deposit for ThinkMarkets is $0., whereas the minimum deposit for RCG Markets is R100. Additionally, the maximum leverage for ThinkMarkets is 1:2000. In contrast, the maximum leverage for RCG Markets is 1:3000. ThinkMarkets offers passive investment programs like MAM and PAMM, while RCG Markets does not have any passive investment programs.

Our score for ThinkMarkets is 9.2, and for RCG Markets, it is 7 So, if you are looking for the most trusted forex brokers with MAM and PAMM services, you may choose ThinkMarkets. However, if you prefer another forex brokers that offer similar services, you may choose RCG Markets.

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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