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

Published :
Written by

ThinkMarkets vs RCG 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

RCG Markets

Established in 2018, RCG MARKETS offers direct market access for CFDs and FX trading. While licensed by the South Africa Financial Sector Conduct Authority (FSCA: FSP49769), it lacks regulation from other major regulatory bodies. 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: 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
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
FCA, CySEC, FSA, ASIC ,FSCA
SEC, FINRA, and FCA
Min Deposit
Min Deposit
None (Standard Account), $500 (ThinkZero account)
R50
Max Leverage
Max Leverage
500:1
1:3000
Tradable Assets
Tradable Assets
Forex , Stock Indices, Commodities, Bonds, Cryptocurrencies, 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 :

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.

Leave a Comment