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AvaTrade vs ThinkMarkets 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is AvaTrade better than ThinkMarkets? In our analysis of 23 international regulators across 39 of the best forex brokers, AvaTrade is considered low-risk, with an overall Trust Score of 93 out of 99. ThinkMarkets is considered average-risk, with an overall Trust Score of 86 out of 99. Learn more about Trust Score.

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Overall RatingAvaTradeThinkMarketsIG
Overall Rating4.5 Stars4 Stars5 Stars
Commissions & Fees4.5 Stars3.5 Stars5 Stars
Offering of Investments4 Stars4 Stars5 Stars
Platform & Tools4.5 Stars4 Stars5 Stars
Mobile Trading4.5 Stars4 Stars5 Stars
Research4 Stars3 Stars5 Stars
Education5 Stars3.5 Stars5 Stars
Trust Score938699
Winnercheck_circle
ReviewAvaTrade ReviewIG Review
RegulationAvaTradeThinkMarketsIG
Trust Score938699
Year Founded200620101974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Tier-1 Licenses427
Tier-2 Licenses322
Tier-3 Licenses101
Authorised in European UnionYesYesYes
About RegulationA โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)AvaTradeThinkMarketsIG
ASIC Authorised (Australia)YesYesYes
IIROC Authorised (Canada)YesNoNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)YesNoNo
FSA Authorised (Japan)YesYesYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)NoYesYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)AvaTradeThinkMarketsIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)YesYesNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)YesNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)YesYesYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)YesNoYes
Tier-3 Licenses (Low Trust)AvaTradeThinkMarketsIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)YesNoNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)NoNoNo
InvestmentsAvaTradeThinkMarketsIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)1260167419537
Forex Pairs (Total)5546100
U.S. Stock Trading (Non CFD)NoNoYes
Int'l Stock Trading (Non CFD)NoNoYes
Social Trading / Copy TradingYesYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
DisclaimersNote: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostAvaTradeThinkMarketsIG
Average Spread EUR/USD - Standard0.91 (Aug 2020) N/A0.86 (September 2022)
All-in Cost EUR/USD - Active0.61 (Aug 2020)N/A0.5957 (September 2022)
Active Trader or VIP DiscountsYesYesYes
Execution: Agency BrokerNoYesYes
Execution: Market MakerYesYesYes
FundingAvaTradeThinkMarketsIG
Minimum Initial Deposit$100$250.00ยฃ250.00
PayPal (Deposit/Withdraw)YesNoYes
Skrill (Deposit/Withdraw)YesYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsAvaTradeThinkMarketsIG
Proprietary PlatformYesYesYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesYesNo
cTraderNoNoNo
DupliTradeYesNoNo
ZuluTradeYesYesNo
Trading ToolsAvaTradeThinkMarketsIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields61514
Charting - Indicators / Studies (Total)903033
Charting - Drawing Tools (Total)131520
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingAvaTradeThinkMarketsIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingYesNoYes
Mobile Charting - Indicators / Studies733033
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveNoNoYes
Forex CalendarYesYesYes
ResearchAvaTradeThinkMarketsIG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)YesYesYes
AutochartistNoNoYes
Trading Central (Recognia)YesYesNo
Social Sentiment - Currency PairsYesNoYes
Economic CalendarYesYesYes
EducationAvaTradeThinkMarketsIG
Has Education - Forex or CFDsYesYesYes
Client WebinarsYesYesYes
Client Webinars (Archived)YesYesYes
Videos - Beginner Trading VideosYesYesYes
Videos - Advanced Trading VideosYesNoYes
Investor Dictionary (Glossary)YesYesYes
Major Forex PairsAvaTradeThinkMarketsIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewAvaTrade ReviewIG Review
OverallAvaTradeThinkMarketsIG
Overall Rating4.5 Stars4 Stars5 Stars
Commissions & Fees4.5 Stars3.5 Stars5 Stars
Offering of Investments4 Stars4 Stars5 Stars
Platform & Tools4.5 Stars4 Stars5 Stars
Mobile Trading4.5 Stars4 Stars5 Stars
Research4 Stars3 Stars5 Stars
Education5 Stars3.5 Stars5 Stars
Trust Score938699
Winnercheck_circle
ReviewAvaTrade ReviewIG Review
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AvaTrade vs ThinkMarkets Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare AvaTrade vs ThinkMarkets.

Does AvaTrade or ThinkMarkets offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is AvaTrade or ThinkMarkets safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. AvaTrade holds 4 global Tier-1 licenses, while ThinkMarkets holds 2. AvaTrade holds 3 global Tier-2 licenses, while ThinkMarkets holds 2. In our analysis of 23 international regulators across 50 brokers, AvaTrade earned a higher Trust Score than ThinkMarkets.

Which trading platform is better: AvaTrade or ThinkMarkets?

To compare the trading platforms of both AvaTrade and ThinkMarkets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both AvaTrade and ThinkMarkets offer MetaTrader 4 (MT4).AvaTrade and ThinkMarkets both offer copy trading.

How many forex pairs and CFDs are available to trade?

AvaTrade provides traders 55 currency pairs (e.g., EUR/USD) compared to ThinkMarkets's 46 available pairs. Forex pairs aside, ThinkMarkets offers traders access to 1674 CFDs while AvaTrade has 1260 available CFDs, a difference of 414.

Can I trust AvaTrade?

AvaTrade is not publicly-traded and does not operate a bank. AvaTrade is authorised by four tier-1 regulators (high trust), four tier-2 regulators (average trust), and one tier-3 regulator (low trust). AvaTrade is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Central Bank of Ireland (CBI) and the Japanese Financial Services Authority (JFSA), and via Friedberg Direct, with the Investment Industry Regulatory Organization of Canada (IIROC).

Can I trust ThinkMarkets?

ThinkMarkets is not publicly traded and does not operate a bank. ThinkMarkets is authorised by three tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). ThinkMarkets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Japanese Financial Services Authority (JFSA), and the Financial Conduct Authority (FCA).

Is AvaTrade good?

AvaTrade is a trusted global brand best known for offering an extensive selection of trading platforms for forex and CFD traders, as well as exceptional educational content that helped it nab a Best in Class rating for Beginners for 2022.

Is ThinkMarkets good?

ThinkMarkets offers the full MetaTrader platform suite alongside its proprietary ThinkTrader platform. ThinkMarkets has a growing selection of regulatory licenses, available markets, research materials, and educational content, yet still has room to improve in all of these important categories.

Overall winner: IG

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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