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ThinkMarkets vs FXOpen 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of ThinkMarkets vs FXOpen, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

ThinkMarkets
4/5 Stars Overall
  • Minimum Deposit: $50 info
  • Trust Score: 92
  • Tradeable Symbols (Total): 4000
FXOpen
3.5/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 76
  • Tradeable Symbols (Total): 87

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.

Regulation

Established in 2010, ThinkMarkets has positioned itself as a highly trusted online trading platform with a strong foundation in regulation. With a Trust Score of 92 out of 99, ThinkMarkets holds five Tier-1 licenses, indicating a high level of credibility. Additionally, they have secured two Tier-2 licenses, further enhancing their trustworthiness. Although not publicly traded or a bank, ThinkMarkets' regulatory strength offers clients a considerable degree of confidence.

FXOpen, founded in 2003, offers traders a platform with an average risk Trust Score of 76. While it holds two Tier-1 licenses, it lacks Tier-2 licenses, which could be an important factor for potential traders to consider. Like ThinkMarkets, FXOpen is neither publicly traded nor a banking institution. These distinctions in regulatory licenses highlight key differences in the trust levels between the two brokers, with ThinkMarkets providing a more secure environment through its broader regulatory coverage.

Feature ThinkMarkets logoThinkMarkets
FXOpen logoFXOpen
Year Founded info 2010 2003
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 5 2
Tier-2 Licenses info 2 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 3 0

Fees

When comparing ThinkMarkets and FXOpen on commissions and fees, both brokers receive a commendable rating of four out of five stars. The assessment of fees considers various charges associated with trading, though specific average spread data for these brokers is not available. Despite the comparable star ratings, there is a slight difference in their rankings within the industry. ThinkMarkets is positioned at number 48, while FXOpen ranks slightly higher at number 45 out of 63 brokers, according to ForexBrokers.com's ranking for the Commissions and Fees category.

Both ThinkMarkets and FXOpen are known for their competitive pricing structures aimed at benefiting traders, yet nuances in their fee models might appeal differently to individual clients. Prospective traders should review any platform-specific charges or potential hidden fees that could influence their final costs. Given the close star ratings and rankings, either broker could be a viable choice for traders prioritizing cost efficiency.

In making a choice between ThinkMarkets and FXOpen, traders should also consider other factors such as trading platforms, available tools, and customer service. However, with a shared goal of fair pricing, both brokers stand out as worthy contenders for anyone focused on minimizing trading costs without compromising on quality service.

Feature ThinkMarkets logoThinkMarkets
FXOpen logoFXOpen
Minimum Deposit info $50 info $100
Average Spread EUR/USD - Standard info 1.1 info N/A info
All-in Cost EUR/USD - Active info N/A info N/A info
Active Trader or VIP Discounts info Yes Yes
ACH or SEPA Transfers info No No
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

When comparing ThinkMarkets to FXOpen for their range of investments, ThinkMarkets clearly stands out with 4000 tradeable symbols, significantly more than FXOpen’s 87 symbols. Investors looking to dive into forex trading will also find a better selection at ThinkMarkets, which offers 46 tradeable forex pairs, compared to FXOpen’s 25 pairs. Both brokers provide the option for forex trading as either a CFD or spot contract. However, only ThinkMarkets provides access to international exchange traded securities, allowing clients the opportunity to invest in companies like Vodafone on the London Stock Exchange.

Neither ThinkMarkets nor FXOpen facilitates trading actual, delivered cryptocurrencies, though they both offer cryptocurrency derivatives. For those interested in copy trading, both platforms offer this feature. Overall, ThinkMarkets excels in the range of investments with a 4.5-star rating and a ranking of #22 out of 63 brokers by ForexBrokers.com, while FXOpen holds a 3-star rating and ranks #62. This analysis indicates that ThinkMarkets might be a more appealing choice for investors seeking diverse investment opportunities.

Feature ThinkMarkets logoThinkMarkets
FXOpen logoFXOpen
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 4000 87
Forex Pairs (Total) info 46 25
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes info Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes info 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).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

When comparing ThinkMarkets and FXOpen for their trading platforms and tools, both brokers offer a range of features to assist traders in navigating the financial markets. They grant access to MetaTrader 4 and MetaTrader 5, popular trading platforms known for their comprehensive charting capabilities. Both ThinkMarkets and FXOpen provide access to simulated trading with a free virtual demo account. They also offer options for web-based platforms and Windows desktop downloads, allowing for flexible trading environments. Additionally, each broker supports copy trading, providing opportunities for traders to mirror others' strategies. While ThinkMarkets offers its proprietary platform developed in-house, FXOpen does not. Furthermore, FXOpen provides access to ZuluTrade, enhancing social trade capabilities, while ThinkMarkets does not offer this specific feature.

Regarding charting tools, both brokers provide 15 drawing tools. However, ThinkMarkets offers a more customizable experience with 15 columns available for watchlists compared to FXOpen's 7 columns. Traders can execute trades directly from stock charts with both brokers. Despite both brokers offering a similar range of features, ThinkMarkets scores a slightly higher ranking at 28th place compared to FXOpen's 53rd when evaluated by ForexBrokers.com for trading platforms and tools. Both brokers receive a commendable rating of 4 stars in this category, highlighting their competence in catering to traders' needs through accessible and versatile trading environments.

Feature ThinkMarkets logoThinkMarkets
FXOpen logoFXOpen
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes info Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
DupliTrade info No No
ZuluTrade info No Yes
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 15 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 15 7
View More

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

When it comes to mobile trading apps, both ThinkMarkets and FXOpen provide solid options for traders on the go. They each offer apps for iPhone and Android, complete with real-time price alerts and the ability to draw trendlines on charts. Both platforms support viewing different timeframes, such as daily, weekly, or intraday options. However, ThinkMarkets stands out with a more comprehensive suite of 94 technical studies available for charting, compared to 30 offered by FXOpen. Furthermore, ThinkMarkets has the advantage of auto-saving drawings on charts, a feature that FXOpen lacks.

Although neither app syncs watchlist symbols between mobile and online accounts, users can still create real-time quote watchlists on both platforms. Despite having similar star ratings of 4 out of 5 for their mobile apps, ThinkMarkets has a higher ranking, positioned at #20 compared to FXOpen's #54 in the Mobile Trading Apps category according to ForexBrokers.com. This may suggest ThinkMarkets provides a more feature-rich and trader-friendly mobile experience.

Feature ThinkMarkets logoThinkMarkets
FXOpen logoFXOpen
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 94 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When it comes to market research, both ThinkMarkets and FXOpen provide daily market commentary and forex news from top sources like Bloomberg and Reuters. This ensures traders can stay well-informed with up-to-date market insights. However, neither broker offers technical analysis tools from Autochartist or Trading Central, which might be a consideration for those relying heavily on advanced analytics.

ThinkMarkets distinguishes itself by offering a sentiment-based trading tool that reveals long and short position ratios, as well as research tools from Acuity Trading, all of which are absent from FXOpen's offerings. Both brokers feature economic calendars to track global news events. In terms of ratings, ThinkMarkets scores 3.5 stars for research, ranking #50 out of 63 brokers. In contrast, FXOpen receives a lower 3-star rating and ranks #63, suggesting that ThinkMarkets may offer a more enriched research experience.

Feature ThinkMarkets logoThinkMarkets
FXOpen logoFXOpen
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info No No
Social Sentiment - Currency Pairs info Yes No
TipRanks info No No
Signal Centre (Acuity Trading) info Yes No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to educational resources for beginners, ThinkMarkets clearly takes the lead over FXOpen. ThinkMarkets offers a comprehensive education suite with more than 10 pieces of educational content focused on forex and CFDs, including articles, videos, and archived webinars. In addition, they provide live online webinars every month, which are designed to cater to both beginners and advanced traders. ThinkMarkets also maintains a searchable archive of past webinars for those who want to revisit or catch up on missed sessions. Their selection of beginner educational videos, unmatched by FXOpen, ensures new traders have access to ample learning material. For experienced traders, ThinkMarkets adds even more value with advanced educational videos.

While both brokers offer an investor dictionary featuring over 50 investing terms, ThinkMarkets earns a higher rating for its educational offerings, receiving 3.5 stars compared to FXOpen's 3 stars. Ranked #52 out of 63 brokers by ForexBrokers.com for education, ThinkMarkets' offerings outshine FXOpen, which holds a lower rank of #58. Overall, beginners looking for a more enriching learning experience might find ThinkMarkets a more fitting choice for expanding their trading knowledge and skills.

Feature ThinkMarkets logoThinkMarkets
FXOpen logoFXOpen
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that ThinkMarkets is better than FXOpen. ThinkMarkets finished with an overall rank of #27, while FXOpen finished with an overall rank of #54.

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.

Feature ThinkMarkets logoThinkMarkets
FXOpen logoFXOpen
Overall Rating info 4/5 Stars 3.5/5 Stars
Trust Score info 92 76
Range of Investments 4.5/5 Stars 3/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 3/5 Stars

FAQs

Can you trade cryptocurrency with ThinkMarkets or FXOpen?

While both ThinkMarkets and FXOpen do not offer the purchase of actual (delivered) cryptocurrency, they both provide the ability to trade cryptocurrency derivatives.

What funding options does each broker offer?

Both ThinkMarkets and FXOpen do not support ACH or SEPA transfers or PayPal for deposits or withdrawals, but they do offer Skrill, Visa or Mastercard, and bank wire transfer options for managing account funds.




announcementPlease 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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Compare

0 of 5
Overall Rating ThinkMarkets FXOpen
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 3/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 3.5/5 Stars 3/5 Stars
Trust Score info 92 76
Winner check_circle
Review
Broker Screenshots ThinkMarkets FXOpen
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation ThinkMarkets FXOpen
Trust Score info 92 76
Year Founded info 2010 2003
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-1 Licenses info 5 2
Tier-2 Licenses info 2 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 3 0
Tier-1 Licenses (Highly Trusted) ThinkMarkets FXOpen
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info Yes No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info Yes No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses (Trusted) ThinkMarkets FXOpen
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments ThinkMarkets FXOpen
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 4000 87
Forex Pairs (Total) info 46 25
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes info Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes info 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).
Cost ThinkMarkets FXOpen
Average Spread EUR/USD - Standard info 1.1 info N/A info
All-in Cost EUR/USD - Active info N/A info N/A info
Active Trader or VIP Discounts info Yes Yes
Inactivity Fee info Yes Yes
Execution: Agency Broker info Yes Yes
Execution: Market Maker info Yes Yes
Funding ThinkMarkets FXOpen
Minimum Deposit info $50 info $100
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Trading Platforms ThinkMarkets FXOpen
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes info Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No Yes
Trading Tools ThinkMarkets FXOpen
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 15 7
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 15 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading ThinkMarkets FXOpen
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 94 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Economic Calendar info Yes Yes
Research ThinkMarkets FXOpen
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info No No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education ThinkMarkets FXOpen
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs ThinkMarkets FXOpen
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review
Overall ThinkMarkets FXOpen
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 4/5 Stars 4/5 Stars
Range of Investments 4.5/5 Stars 3/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 3.5/5 Stars 3/5 Stars
Trust Score info 92 76
Winner check_circle
Review
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