FP Markets vs ThinkMarkets

FP Markets vs ThinkMarkets Comparison Table 2023
FP Markets ThinkMarkets
4
4
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

FP Markets is an ASIC- and CySEC-regulated broker that offers forex and CFD trading on a broad range of assets through the MT4, MT5 and IRESS platforms. With trading available through standard and raw spread accounts on thousands of international stocks, forex, indices, commodities, cryptocurrencies, bonds and ETFs, this broker has some of the most comprehensive market coverage available. FP Markets also offers a full range of additional features, including educational resources and access to powerful software such as Autochartist.

ThinkMarkets is a reputable CFD and forex broker with regulation from several top-tier bodies including the FCA and ASIC. Traders can use a bespoke platform, MT4 or MT5 to access a wide variety of assets including 3500+ stocks and ETFs, 46 forex pairs and over 20 cryptocurrencies. Fees are competitive, particularly for the ThinkZero account with spreads starting at zero.

71.89% of retail investor accounts lose money when trading CFDs with this provider.
Comment by Reviewer
"We recommend FP Markets for forex and stock traders with 70+ currency pairs and an impressive 10,000+ stocks available as CFDs." "ThinkMarkets is a reliable, multi-regulated broker that will suit most CFD traders thanks to its large asset list, competitive fees and excellent platform options."
Pros
  • Regulated and reputable broker with ASIC and CySEC oversight
  • Tight spreads available on both the standard and raw spread account
  • Good range of additional tools and features including educational content, Myfxbook and Autochartist
  • MT4, MT5 and IRESS trading platforms
  • One of the fullest asset lists on the market
  • Bespoke copy trading platform
  • High leverage up to 1:500
  • Low fees with competitive spreads on the commission-free account and very tight spreads and a low $3.5 commission on ThinkZero
  • Unique Traders' Gym simulation tool for testing out strategies on real historical data, with multiple timeframes and custom features
  • In-depth educational resources for beginner, intermediate and advanced level traders, plus live webinars
  • Three stable and award-winning platforms plus seamless integration with the broker's Signal Centre
  • Top-tier regulation from the FCA, ASIC and CySEC plus offshore branches with high leverage
  • Free VPS hosting available for MT4 and MT5, ideal for traders using Expert Advisors (EAs)
  • Reliable 24/7 multilingual support via telephone, email or live chat
  • Quick and easy to open a ThinkMarkets account
Cons
  • $55 subscription fee on IRESS accounts
  • Withdrawal fees for some payment types
  • Does not accept US customers
  • $500 minimum deposit for ThinkZero account
  • Not many payment methods available for UK traders
  • Limited bonus offers, refer-a-friend schemes or trading competitions
Awards
  • Best Global Forex Value Broker 2019 - Global Forex Awards
  • Best Quality of Trade Execution 2019 - Investment Trends
  • Best CFD Provider 2021 - City of London Wealth Management Awards (COLWMA)
  • Best Value Broker in Asia at the 2020 - Global Forex Awards
  • Best Forex Trading Experience 2017 - UK Forex Awards
  • Best Forex Trading Innovation 2017 - UK Forex Awards
  • Best Customer Service 2013 - UK Forex Awards
Instruments
CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto CFDs, Forex, Stocks, ETFs, Futures, Commodities, Crypto, Spread Betting (UK Only)
Demo Account
Yes Yes
Minimum Deposit
$100 $0
Trading Platforms
  • MT4
  • MT5
  • cTrader
  • AutoChartist
  • TradingCentral
  • ThinkTrader
  • MT4
  • MT5
  • AutoChartist
  • TradingCentral
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
ASIC, CySEC, ESMA FCA, ASIC, CySEC, FSCA, JFSA, FSA Seychelles
Margin Trading
No Yes
STP Account
Yes Yes
ECN Account
Yes No
DMA Account
Yes No
MAM Account
Yes No
PAMM Account
Yes Yes
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes Yes
Market Maker
Yes No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android iOS & Android
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes Yes
Copy Trading Platform
FP Markets Social Trading app allows for the straightforward mirroring of established traders with an easy-to-follow ranking system. The Signal Centre is FCA-regulated and offers insights into forex, stocks, indices, commodities, and cryptocurrencies. Users can receive up to 40 signals before the trading day starts to plan setups.
Social Trading
Yes Yes
Trade Signals
Signal Centre
VPS Hosting
Yes Yes
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0 $0
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • TRY
  • CHF
  • PLN
  • CZK
  • THB
  • VND
  • USD
  • EUR
  • GBP
  • AUD
  • JPY
  • CHF
Stock Exchanges
Commodities
CFD Trading
FP Markets' CFD trading covers a range of markets, including 10,000+ equities, indices, commodities, cryptocurrencies and ETFs. Spreads are tight and traders get fast execution speeds. ThinkMarkets offers CFDs on a good range of instruments, the most extensive being stocks and ETFs with 3500+ assets, as well as indices and commodities, amongst others. Leverage is available up to 1:30 in the EU and UK, while clients of the offshore branch can access up to 1:500 leverage.
Leverage
1:30 (UK), 1:500 (Global) 1:500
FTSE Spread
1.64 0.7
GBPUSD Spread
1.9 average 0.4
Oil Spread
0.04 0.03
Stocks Spread
Variable From 0.4
Forex Trading
FP Markets is a good option for forex traders, with 70+ pairs covering an excellent range of currencies. Spreads are already tight on standard accounts and start from zero on raw spread accounts, and the broker offers high leverage up to 1:500 and top-tier liquidity. ThinkMarkets offers 46 forex pairs, including a decent variety of minors and exotics as well the majors. Forex traders also benefit from very tight spreads starting from 0.0 pips for the EUR/USD in the Zero account.
GBPUSD Spread
1.9 0.3
EURUSD Spread
1.1 0.0
EURGBP Spread
1.7 0.0
Assets
60+ 45+
Currency Indices
  • USD
Cryptocurrency
Take positions on popular cryptocurrencies, including Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin with leveraged CFDs. However, you cannot directly buy and own crypto tokens. With 20+ cryptocurrencies available to trade via CFDs, traders can securely speculate on crypto markets with up to 1:10 leverage. ThinkMarkets does not directly trade crypto assets, meaning you will not own the tokens, and crypto trading is not available in some jurisdictions.
Spread
Floating BTC 25, ETH 6 (Variable)
Coins
  • ADA
  • BCH
  • BTC
  • DOG
  • DOT
  • EOS
  • ETH
  • LNK
  • LTX
  • XRP
  • SOL
  • XLM
  • BCH
  • LTC
  • XMR
  • DOGE
  • XLM
  • BTC
  • ETH
  • XRP
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
71.89% of retail investor accounts lose money when trading CFDs with this provider.
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