ThinkMarkets vs XTB | Compare Features, Safety & More in 2024

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ThinkMarkets vs XTB: 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

XTB

Founded in 2002, XTB is an exchange-listed forex and CFD broker with headquarters in Poland and offices in over 13 countries. The broker offers more than 5,500 forex, CFDs as well as real stocks and ETFs for trading on its proprietary platforms. XTB boasts of over 800,000 clients from all over the world.

XTB Overview
  • Founded In: 2002
  • Minimum Deposit: $0
  • Maximum Leverage: 1:500
  • Regulations:CySEC, FCA , KNF , IFSC
  • Trading platform:xStation 5 , xStation Mobile
  • Account Types: Standard, Pro, Islamic
  • Payment Options: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Maestro, Neteller, Paysafe, SafetyPay, Skrill
  • US Traders: Not Accept

ThinkMarkets vs XTB: 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 

XTB

Pros
  • Regulated by  FCA, FSC, KNF, DDM-M, DNMV,
  • The Minimum deposit is as low as $1
  • The Maximum Leverage is as high as 1:500
  • Allows scalping, EA/Robot Trading, News Trading 
  • Trade stocks, ETFs, indices, commodities, cryptocurrencies, and forex
  • 0% commission on stock and ETF trading (only applicable to some EU countries)
  • Traders  can enjoy commission-free trading with spreads as low as 0.25 pips
Cons
  • XTB does not offer  cTrader, MT4/MT5, or Ninja Trader which are the most popular platforms in the world 
  • No passive investment programme ( PAMM, MAM Accounts) 
  • Withdrawal fees for transfers below $100 or €200
  • Inactivity fee (€10/monthly after 1+ year with no activity plus no deposit in the last 90 days)
  • Complex trading platform for a beginner
  • CFDs only – so traders do not own the underlying asset

ThinkMarkets vs XTB: Side-by-Side Comparison

ThinkMarkets
XTB
Product
Founded In
Founded In
2010
2002
Founded By
Founded By
Nauman and Faizan Anees
Jakub Zablocki
Headquarters
Headquarters
London , UK
Belize City, Belize
Regulations
Regulations
FCA, CySEC, FSA, ASIC ,FSCA
CySEC, FCA , KNF, IFSC
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
Offer nearly 2000 CFDs based on Forex, Indices, Commodities, Cryptocurrencies, Stocks and ETFs.
Fees
Fees
Spread from 0.4 pips (Standard Account) or Commission $3.5 per side
Spread from 0.9 pips
Platforms and Tools
Platforms and Tools
MT4, MT5, ThinkTrader, ThinkCopy
xStation 5 , xStation Mobile
US Traders
US Traders
Not Allowed
Not Allowed

ThinkMarkets Vs XTB: Our Scores and Ratings

We rated both brokers, ThinkMarkets and XTB, 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

XTB

8.8
ThinkMarkets Scores
Regulation and Security (40%)9.8
Fees and Commissions (20%)7.5
Trading (15%)8
Trading tools (10%)8.6
Customer Support (10%)9
Trading Education (5%)8

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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