Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare Dukascopy vs ThinkMarkets.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. Dukascopy's score is 4.50 stars versus ThinkMarkets's 4.00 stars.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. Both Dukascopy and ThinkMarkets are regulated in a major hub. Neither are publicly traded companies. How many currency pairs are available to trade? ThinkMarkets trails Dukascopy by 31 total currency pairs (for example, EUR/USD), with Dukascopy offering 64 and ThinkMarkets offering 33.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Dukascopy alongside ThinkMarkets offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Dukascopy and ThinkMarkets offer the same number of charting tools, 31. Both Dukascopy and ThinkMarkets provide clients with access to 51 total indicators (eg, moving averages).
Overall, Dukascopy boasts 4.50 stars versus ThinkMarkets's 4.00 stars. And, when it comes to individual category awards, Dukascopy posted awards Best in Class - Platforms & Tools, Best in Class - Research and Best in Class - Active Trading in 2018, while ThinkMarkets found itself with none of these.