To find the top fx brokers
, the team here at ForexBrokers.com collected over 6,000 data points during a seven month review of the forex industry. In this fx broker comparison, we will compare CMC Markets vs ThinkMarkets.
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. CMC Markets's score is 5.00 stars versus ThinkMarkets's 4.00 stars.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. Both CMC Markets and ThinkMarkets are regulated in a major hub. CMC Markets is a publicly traded company, while ThinkMarkets is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. CMC Markets boasts an offering of 183 different currency pairs compared to ThinkMarkets's 33 available pairs.
To round out our comparison of CMC Markets vs ThinkMarkets, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. ThinkMarkets has Meta Trader, CMC Markets doesn't. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. ThinkMarkets boasts an offering of 31 charting tools compared to CMC Markets's 24 available charting tools. CMC Markets offers its clients access to 74 different indicators (for example, volume) while ThinkMarkets has 51 available indicators, a difference of 23.
Overall, CMC Markets comes out on top with 4.50 stars over ThinkMarkets's 4.00 stars. And, when it comes to individual category awards, CMC Markets was rated Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Active Trading and Best in Class - Mobile Trading in 2018, while ThinkMarkets was rated none of these.