City Index vs ThinkMarkets Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare City Index vs ThinkMarkets.
Does City Index 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, City Index offers better pricing overall for traders.
Is City Index 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. City Index holds 7 global Tier-1 licenses, while ThinkMarkets holds 5. Both City Index and ThinkMarkets hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, City Index (99) earned a higher Trust Score than ThinkMarkets (88).
Which trading platform is better: City Index or ThinkMarkets?
To compare the trading platforms of both City Index and ThinkMarkets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, City Index offers a better experience. With research, City Index offers superior market research. Finally, we found City Index 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 City Index and ThinkMarkets offer MetaTrader 4 (MT4).City Index and ThinkMarkets both offer copy trading.
How many forex pairs and CFDs are available to trade?
City Index provides traders 84 currency pairs (e.g., EUR/USD) compared to ThinkMarkets's 46 available pairs. Forex pairs aside, City Index offers traders access to 13500 CFDs while ThinkMarkets has 4000 available CFDs, a difference of 9500.
Can I trust City Index?
City Index is publicly traded, does not operate a bank, and is authorised by seven Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Rier-3 regulator (Average Risk), and one Tier-4 regulator (High Risk). City Index is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), Monetary Authority of Singapore (MAS), Canadian Investment Regulatory Organization (CIRO), Japanese Financial Services Authority (JFSA), Commodity Futures Trading Commission (CFTC), Financial Conduct Authority (FCA), and the European Union via MiFID.
Can I trust ThinkMarkets?
ThinkMarkets is not publicly traded and does not operate a bank. ThinkMarkets is authorised by five tier-1 regulators (Highly Trusted), one tier-2 regulator (Average Risk), zero tier-3 regulators (low trust), and two tier-4 regulators (High Risk). ThinkMarkets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Japanese Financial Services Authority (JFSA), Financial Markets Authority (FMA), Financial Conduct Authority (FCA), and the European Union Authorized (MiFID).
Is City Index good?
Backed by StoneX Group, City Index is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.
Is ThinkMarkets good?
ThinkMarkets has multiple regulatory license and offers a proprietary trading platform, as well as the entire MetaTrader suite. The broker has made progress in key areas, such as research and education, and the range of markets available, although trails behind the best brokers in these categories.
Overall winner: City Index
Popular Forex Reviews
Popular Forex Guides
We review each broker’s overall global offering – a “Yes” 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.