XM vs ThinkMarkets 2026: Features, Pros, Cons, and More!

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Ryan Hardy sitting before his forex trading desk
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Forex Traders always look for trading with trusted and reliable forex brokers. XM and ThinkMarkets are Forex and CFD brokers offering online trading services globally. Both brokers are regulated by top-tier regulatory authorities. XM is regulated by two tier-1, two tier-2, and one tier-4 jurisdictions, including the ASIC, CySEC, FSCA, FSC-Belize, and DFSA.On the other hand, ThinkMarkets is regulated by five Tier-1 jurisdictions, two Tier-2 jurisdictions and one Tier-4 jurisdictions  including ASIC ,CySEC , FMA, JFSA, FSA-S(Four) , FSCA , FCA, DFSA. These two brokers offer almost similar services. However, each broker has its own strengths and weaknesses.

In this article, we will compare and review XM with ThinkMarkets regarding pros and cons,  trading platforms, regulations, tradable assets, fees, customer support, and overall trading experience score. This comparison lets you understand which broker is better for your trading style and preferences.

XM vs ThinkMarkets (2026): In a Nutshell

XM

Founded in 2009, XM is a forex and CFD broker that offers online trading services globally. It provides access to over 1000+ trading instruments including forex, cryptocurrencies, stock CFDs turbo stocks, commodities, equity indices, thematic indices, precious metals, energies, and shares. The broker is regulated by multiple reputable regulatory authorities, including FSC, ASIC, CySEC, DFSA, and FSCA. The broker offers a full edition of the popular MT4 and MT5 platforms, which include numerous proprietary indicators. XM offers a maximum leverage of 1:1000 to its clients. It is a low-cost broker with spreads starting from as low as 0.6 pips. To learn more, you can read our review on XM.

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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

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XM vs ThinkMarkets: Pros and Cons

XM

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ThinkMarkets

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XM vs ThinkMarkets: Side-by-Side Comparison

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XM Vs ThinkMarkets: Our Scores and Ratings

We rated both brokers, XM and Thinkmarkets, 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.

XM

9.3
Total Score
Regulation and Security (40%)9.6
Fees and Commissions (20%)9.5
Trading (15%)8.4
Trading tools (10%)8.6
Customer Support (10%)9.5
Trading Education (5%)9.4

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

Final Verdict :

XM and ThinkMarkets 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 XM is $5, whereas the minimum deposit for ThinkMarkets is $1. Additionally, the maximum leverage for XM is 1000:1.On the other hand, the maximum leverage for ThinkMarkets is 2000:1. XM offers a Social copy trading program, While ThinkMarkets has passive investment programmes like Copy Trading, MAM and PAMM. 

Our score for XM is 9.3, and for ThinkMarkets, it is 9.2. So, if you are looking for trusted Forex brokers with Social Trading services, you may choose XM. However, if you prefer a high-leverage, and low-minimum deposit forex broker that offers similar services, you may choose ThinkMarkets.