Written by ForexBrokers.com
In this head to head comparison of eToro vs ThinkMarkets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When comparing online brokers eToro and ThinkMarkets, both companies exhibit strong regulatory credentials, with each boasting multiple licenses. eToro, established in 2007, is a publicly traded entity holding three Tier-1 licenses and one Tier-2 license, contributing to its impressive Trust Score of 96 from ForexBrokers.com. This indicates that eToro is highly trusted, making it a reliable option for online trading. Despite not being a bank, eToro's presence on the stock exchange reflects its transparency and public accountability.
ThinkMarkets, founded in 2010, is a privately held company that holds five Tier-1 licenses and two Tier-2 licenses. With a Trust Score of 92, it is also highly regarded. While it may not offer the public investment opportunities of a publicly traded firm, its extensive regulatory coverage ensures a safe trading environment. Like eToro, ThinkMarkets is not a bank, but its comprehensive licensing provides confidence to traders seeking a secure online trading platform.
| Feature |
eToro
|
ThinkMarkets
|
|---|---|---|
| Year Founded | 2007 | 2010 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 5 |
| Tier-2 Licenses | 1 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
When it comes to evaluating the commissions and fees for traders, eToro and ThinkMarkets offer distinct approaches. eToro, a market-maker broker, is known for its variable spread of approximately 1 pip on the EUR/USD pair, which is slightly above the industry average. However, traders are often drawn to eToro more for its innovative social copy trading platform than for competitive spreads. It boasts a star rating of 4.5 out of 5 and is ranked 22nd by ForexBrokers.com in the Commissions and Fees category.
eToro also provides a VIP program called the eToro Club, which includes five tiers: Silver, Gold, Platinum, Platinum+, and Diamond. With account balances ranging from $5,000 to $250,000, members can enjoy various perks such as discounted withdrawal and deposit fees, dedicated account management, and access to Trading Central. These benefits are tailored to enhance the trading experience based on the membership level.
In comparison, ThinkMarkets does not provide specific average spread data. It has a 4-star rating and is positioned 47th by ForexBrokers.com for Commissions and Fees. Although both brokers have their own advantages, eToro slightly edges out ThinkMarkets in terms of both star rating and ranking, making it a more attractive choice for those prioritizing commission and fee structures.
| Feature |
eToro
|
ThinkMarkets
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $50 |
| Average Spread EUR/USD - Standard | 1 | 1.1 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When exploring investment options with eToro and ThinkMarkets, it's clear that both brokers cater to traders who desire a diverse range of choices. eToro impresses with a vast selection of 5,461 tradeable symbols, surpassing ThinkMarkets' offering of 4,000. When it comes to forex trading, eToro provides 55 tradeable pairs, slightly more than ThinkMarkets' 46. An advantage for eToro users is the ability to engage in spot trading and to invest in exchange-traded securities on U.S. exchanges, such as buying shares of Apple. In contrast, while ThinkMarkets facilitates spot trading, it lacks access to U.S. exchange-traded securities, although it does offer international options like Vodafone shares.
Both brokers support copy trading, allowing investors to mirror strategies from successful traders. However, eToro stands out with the capacity for clients to purchase actual cryptocurrencies, not just derivatives, which ThinkMarkets offers. This broader array of options contributes to eToro's higher satisfaction rating, earning 5 stars for Range of Investments, compared to ThinkMarkets' 4.5 stars. In the ForexBrokers.com rankings, eToro holds the #10 spot for investment range, while ThinkMarkets comes in at #22, underlining eToro's slightly more expansive offering in the investment landscape.
| Feature |
eToro
|
ThinkMarkets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 4000 |
| Forex Pairs (Total) | 55 | 46 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | 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). |
Dive deeper: Best Copy Trading Platforms.
eToro and ThinkMarkets both cater to traders by offering free virtual demo accounts, allowing users to practice trading without real financial risk. Both have developed their own proprietary platforms, accessible through web-based interfaces. However, only ThinkMarkets provides a Windows-based desktop platform along with support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5), giving it an edge in traditional trading software. In contrast, eToro does not offer these specific MetaTrader platforms but shines with its innovative social trading features like copy trading, which both brokers support.
Charting tools and customization options also differ notably between the two. eToro offers more drawing tools, boasting 161 compared to ThinkMarkets' 15, but lacks the ability to trade directly from stock charts—a feature that ThinkMarkets includes. Meanwhile, for those who appreciate personalized trading experiences, ThinkMarkets' watch lists provide 15 columns to eToro's six. Despite these differences, eToro is rated slightly higher at 4.5 stars for its trading platforms and tools, placing 8th among 63 brokers according to ForexBrokers.com, whereas ThinkMarkets holds a 4-star rating and ranks 28th.
| Feature |
eToro
|
ThinkMarkets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 104 | 30 |
| Charting - Drawing Tools (Total) | 161 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 15 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both eToro and ThinkMarkets provide iPhone and Android apps, making them accessible for users on different mobile platforms. When it comes to features, both apps offer stock and forex price alerts and allow users to view various time frames on charts. However, eToro sets itself apart by offering watchlist symbol syncing, which allows watchlists in the mobile app to sync with the client's online account, a feature that ThinkMarkets lacks. Additionally, eToro edges ahead in technical studies available through its app, offering 104 compared to ThinkMarkets' 94. But if drawing capabilities are a priority for you, ThinkMarkets allows users to draw trendlines on charts and automatically save them, whereas eToro does not support these functionalities.
In terms of creating a watchlist with real-time quotes, both brokers provide this feature in their mobile apps. User ratings highlight eToro's superior mobile trading experience, with a 4.5-star rating compared to ThinkMarkets’ 4-star rating. ForexBrokers.com places eToro at the 10th position among 63 brokers for mobile trading apps, while ThinkMarkets ranks 20th. This comparison suggests that while both apps are fully featured for mobile trading, eToro’s app might be more appealing to users who value synchronization capabilities and a broader range of technical tools.
| Feature |
eToro
|
ThinkMarkets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 94 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both eToro and ThinkMarkets offer daily market commentary, keeping traders informed with regular updates. However, when it comes to forex news from top-tier sources like Bloomberg or Reuters, ThinkMarkets takes the edge by providing this valuable insight, whereas eToro does not. In terms of technical analysis tools, eToro partners with Trading Central, equipping traders with additional resources, while ThinkMarkets does not offer tools from either Autochartist or Trading Central. Both platforms, however, offer sentiment-based trading tools, giving traders insight into market moods across various instruments.
For those seeking comprehensive market research tools, eToro stands out with its offerings from TipRanks, while ThinkMarkets prides itself on tools from Acuity Trading. Additionally, both brokers feature economic calendars to help traders track global news events. With a research rating of 4.5 stars, eToro is more highly regarded than ThinkMarkets, which holds a 3.5-star rating. This difference in research capabilities is reflected in their rankings, with eToro coming in at #13 and ThinkMarkets at #50 out of 63 brokers reviewed by ForexBrokers.com.
| Feature |
eToro
|
ThinkMarkets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing eToro and ThinkMarkets for educational resources available to beginners, both platforms offer a wide array of learning materials. eToro provides a minimum of ten educational pieces focusing on forex or CFDs, similar to ThinkMarkets. Both brokers host webinars monthly and maintain searchable archives of past sessions, ensuring accessible learning at your own pace. Beginner traders can benefit from at least ten training videos offered by each platform, specifically tailored to newcomers. Additionally, for those looking to delve deeper, both eToro and ThinkMarkets supply over ten advanced videos addressing more intricate trading topics.
Further enhancing their educational offerings, both eToro and ThinkMarkets provide an investor dictionary containing definitions for more than 50 key investing terms, essential for building a strong foundation in trading. However, eToro stands out with a higher education rating of 4.5 stars compared to ThinkMarkets' 3.5 stars. According to ForexBrokers.com, eToro ranks 5th among 63 brokers in the education category, while ThinkMarkets is positioned at 52nd. This notable difference underlines eToro's strong emphasis on providing quality educational resources for its users.
| Feature |
eToro
|
ThinkMarkets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that eToro is better than ThinkMarkets. eToro finished with an overall rank of #9, while ThinkMarkets finished with an overall rank of #27.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
|
ThinkMarkets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 92 |
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eToro enables users to purchase actual delivered cryptocurrency and offers cryptocurrency derivatives, while ThinkMarkets provides only the ability to buy cryptocurrency derivatives.
eToro provides a diverse range of options for depositing and withdrawing funds, including ACH, SEPA transfers, PayPal, Skrill, Visa/Mastercard, and bank wires, while ThinkMarkets supports Skrill, Visa/Mastercard, and bank wires but lacks ACH, SEPA, and PayPal capabilities.
Please note:
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.
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0 of 5| Overall Rating | eToro | ThinkMarkets | |
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| Trust Score | 96 | 92 | |
| Winner | check_circle | ||
| Review | eToro Review |
| Broker Screenshots | eToro | ThinkMarkets | |
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| Regulation | eToro | ThinkMarkets | |
|---|---|---|---|
| Trust Score | 96 | 92 | |
| Year Founded | 2007 | 2010 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 3 | 5 | |
| Tier-2 Licenses | 1 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | eToro | ThinkMarkets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | Yes | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | eToro | ThinkMarkets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | eToro | ThinkMarkets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 4000 | |
| Forex Pairs (Total) | 55 | 46 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | 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). |
| Cost | eToro | ThinkMarkets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | 1.1 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | ThinkMarkets | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | eToro | ThinkMarkets | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | eToro | ThinkMarkets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 15 | |
| Charting - Indicators / Studies (Total) | 104 | 30 | |
| Charting - Drawing Tools (Total) | 161 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | ThinkMarkets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 104 | 94 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | ThinkMarkets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | eToro | ThinkMarkets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | eToro | ThinkMarkets | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | eToro Review |
| Overall | eToro | ThinkMarkets | |
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| Trust Score | 96 | 92 | |
| Winner | check_circle | ||
| Review | eToro Review |
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