Written by ForexBrokers.com
In this head to head comparison of FP Markets 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.
FP Markets and ThinkMarkets are two online brokers offering various services to investors and traders. Founded in 2005, FP Markets holds 2 highly trusted Tier-1 licenses and 1 trusted Tier-2 license. In comparison, ThinkMarkets, established in 2010, boasts 5 Tier-1 licenses and 2 Tier-2 licenses, highlighting a broader regulatory coverage. Neither FP Markets nor ThinkMarkets are publicly traded or operate as banks. However, their regulatory backgrounds provide insight into their reliability, with FP Markets holding a ForexBrokers.com Trust Score of 89, categorizing it as trusted, and ThinkMarkets scoring 92, indicating a high level of trust.
In summary, while both companies exhibit substantial regulatory credentials, ThinkMarkets has more Tier-1 and Tier-2 licenses, reflecting strong compliance with financial authorities. This aligns with ThinkMarkets' slightly higher trust score, suggesting it may offer a marginally more secure choice for those prioritizing stringent regulatory standards in their online broker selection. Nevertheless, both brokers have established themselves as reputable players in the industry.
| Feature |
FP Markets
|
ThinkMarkets
|
|---|---|---|
| Year Founded | 2005 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 5 |
| Tier-2 Licenses | 1 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 3 |
FP Markets stands out as one of the most cost-effective brokers globally, particularly with its commission-based ECN account offered on the MetaTrader and cTrader platforms. The broker earned a "Best in Class" award for Commissions and Fees in the 2024 Annual Awards. For traders focused on low costs, the Raw ECN account, with spreads averaging 0.1 pips and a total of 0.8 pips with commission, offers a substantial advantage. By contrast, the Standard account is less economical, showing higher spreads of about 1.1 pips on average for EUR/USD. FP Markets' five-star rating for commissions and fees and its ranking of 6th place out of 63 brokers underscores its competitive edge.
FP Markets’ Iress platform provides Direct Market Access (DMA) for its share CFD offering, granting full market depth for serious traders. The Iress ViewPoint account, however, is designed for active traders with significant balances, requiring a high minimum deposit to avoid platform and data fees. Alternatively, the Iress Investor account caters to those looking for a low-cost, no-frills option. While it's less expensive and does not charge monthly fees, it offers limited functionality, lacking features such as streaming data. Traders who cannot afford the ViewPoint account might find the limitations of the Investor account disappointing.
On the other hand, ThinkMarkets is positioned lower on the competitive scale, with a four-star rating for commissions and fees and a 48th place ranking out of 63 brokers. The absence of average spread data makes it challenging to directly compare its cost-effectiveness against FP Markets. While ThinkMarkets remains a viable choice for traders, those specifically focused on minimizing commissions and fees might find FP Markets a more enticing option given its industry accolades and comprehensive account offerings.
| Feature |
FP Markets
|
ThinkMarkets
|
|---|---|---|
| Minimum Deposit | $100 AUD | $50 |
| Average spread (EUR/USD) - Standard account | 1.2 | 1.1 |
| All-in Cost EUR/USD - Active | 0.7 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FP Markets and ThinkMarkets both let you trade forex as CFDs or via spot contracts, and each supports copy trading and crypto CFDs (but not actual, delivered crypto). FP Markets offers a wider catalog overall with about 10,000 tradeable symbols and 71 forex pairs, compared with ThinkMarkets’ roughly 4,000 symbols and 46 pairs. Neither broker lets you buy U.S.-listed shares directly (outside of CFDs). However, ThinkMarkets does provide access to exchange-traded shares on some international markets, while FP Markets does not.
For Range of Investments, both brokers earn 4.5 out of 5 stars from ForexBrokers.com. In the category ranking out of 63 brokers, FP Markets is placed at #19, while ThinkMarkets is #24.
| Feature |
FP Markets
|
ThinkMarkets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 4000 |
| Forex Pairs (Total) | 71 | 46 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
Comparing FP Markets vs ThinkMarkets on trading platforms and tools, both brokers check the key boxes for most traders. Each offers a free demo (paper trading) account, a proprietary platform alongside MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and access on both Windows desktop and web browsers. Copy trading is available with both brokers, and you can place trades directly from charts—useful for quickly acting on setups without leaving your charting screen.
In terms of quality, FP Markets and ThinkMarkets each earn 4 stars for Trading Platforms and Tools. However, FP Markets holds a higher category ranking from ForexBrokers.com, coming in at #23 out of 63 brokers, while ThinkMarkets is ranked #28. If platform coverage is your priority, both are strong choices; if a slightly better third-party ranking matters, FP Markets has the edge.
| Feature |
FP Markets
|
ThinkMarkets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and ThinkMarkets both offer mobile trading apps for iPhone and Android, complete with stock and forex price alerts, trendline drawing, and auto-saved chart annotations. Each earned a 4-star rating for Mobile Trading Apps, and in ForexBrokers.com’s Mobile Trading Apps category, FP Markets ranks #18 out of 63 brokers while ThinkMarkets ranks #20.
For charting, FP Markets uses the MetaTrader default indicator set, whereas ThinkMarkets lists 94 technical studies for deeper on-the-go analysis. A shared drawback is watchlist symbol syncing—neither app syncs watchlists between mobile and your online account. If you prefer a slightly higher third-party ranking or MetaTrader’s familiar toolkit, FP Markets holds a small edge; if you want a larger built-in library of indicators, ThinkMarkets may be the better fit.
| Feature |
FP Markets
|
ThinkMarkets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 94 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FP Markets vs ThinkMarkets: Both brokers cover the market research basics, offering daily market commentary, forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones, a sentiment tool showing long/short positioning, and an economic calendar. The key difference is in extra tools. FP Markets adds Autochartist and Trading Central for chart patterns and trade ideas, while ThinkMarkets skips those but includes Acuity Trading (Signal Centre) for signals and news-driven insights. Neither broker provides TipRanks.
Ratings and rankings tell a similar story. In ForexBrokers.com’s Research category, FP Markets scores 4 stars and ranks 25th out of 63 brokers, while ThinkMarkets scores 3.5 stars and ranks 51st. If you want more built-in technical research and idea generation, FP Markets has the edge. If you prefer Acuity Trading alongside core research features, ThinkMarkets remains a solid option.
| Feature |
FP Markets
|
ThinkMarkets
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | Yes | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FP Markets vs ThinkMarkets for beginner education: Both brokers make it easy to start learning forex and CFDs. Each hosts monthly educational webinars and offers at least 10 beginner-friendly videos, plus 10+ advanced videos for when you’re ready to level up. That combination gives new traders clear stepping stones from basics to more advanced topics.
Ratings tip the scales toward FP Markets. It earns 4 stars and ranks #23 of 63 brokers for Education on ForexBrokers.com, while ThinkMarkets is rated 3.5 stars and ranks #52. If you want a higher-rated learning experience with frequent webinars and plenty of videos, FP Markets is the stronger pick. ThinkMarkets still provides good value for newcomers with regular webinars and a sizeable video library.
| Feature |
FP Markets
|
ThinkMarkets
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FP Markets is better than ThinkMarkets. FP Markets finished with an overall rank of #19, while ThinkMarkets finished with an overall rank of #27.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
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ThinkMarkets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 92 |
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Online brokers FP Markets and ThinkMarkets do not offer the ability to buy actual (delivered) cryptocurrencies, but both provide trading in cryptocurrency CFDs.
FP Markets vs ThinkMarkets: for deposit and withdrawal methods, neither online broker supports ACH or SEPA; FP Markets offers PayPal, Skrill, and bank wire transfers, while ThinkMarkets’ support for PayPal, Skrill, bank wires, and Visa/Mastercard—and FP Markets’ support for Visa/Mastercard—was not specified.
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 | FP Markets | ThinkMarkets | |
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| Trust Score | 89 | 92 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
| Broker Screenshots | FP Markets | ThinkMarkets | |
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| Regulation | FP Markets | ThinkMarkets | |
|---|---|---|---|
| Trust Score | 89 | 92 | |
| Year Founded | 2005 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 5 | |
| Tier-2 Licenses | 1 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 3 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | 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) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | 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) | FP Markets | ThinkMarkets | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | FP Markets | ThinkMarkets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 4000 | |
| Forex Pairs (Total) | 71 | 46 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | FP Markets | ThinkMarkets | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.2 | 1.1 | |
| All-in Cost EUR/USD - Active | 0.7 | N/A | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FP Markets | ThinkMarkets | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $50 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | FP Markets | ThinkMarkets | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | FP Markets | ThinkMarkets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | ThinkMarkets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 94 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FP Markets | ThinkMarkets | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | ThinkMarkets | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | FP Markets | ThinkMarkets | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | FP Markets Review |
| Overall | FP Markets | ThinkMarkets | |
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| Trust Score | 89 | 92 | |
| Winner | check_circle | ||
| Review | FP Markets Review |
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