Written by ForexBrokers.com
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.
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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
|
FXOpen
|
|---|---|---|
| Year Founded | 2010 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 0 |
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
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $50 | $100 |
| Average Spread EUR/USD - Standard | 1.1 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing ThinkMarkets vs FXOpen for range of investments, ThinkMarkets clearly lists more to trade. It offers about 4,000 tradeable symbols, including 46 forex pairs, while FXOpen provides 87 symbols with 25 forex pairs. Both brokers support forex trading via CFDs or spot contracts, and both enable crypto trading as derivatives (not as actual coins).
For exchange-traded securities, neither broker offers U.S.-listed shares, but ThinkMarkets does provide access to international exchange-traded shares, whereas FXOpen does not. Copy trading is available at both. Based on this breadth, ThinkMarkets earns 4.5 out of 5 stars and ranks #24 out of 63 for Range of Investments, while FXOpen is rated 3 stars and ranks #63.
| Feature |
ThinkMarkets
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4000 | 87 |
| Forex Pairs (Total) | 46 | 25 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| 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). |
Dive deeper: Best Copy Trading Platforms.
ThinkMarkets and FXOpen both make it easy to start with a free demo (paper) account and offer web-based and Windows desktop platforms. Each supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), copy trading, and the ability to place trades directly from charts. The key difference is platform choice: ThinkMarkets also provides its own in-house trading platform alongside MetaTrader, while FXOpen focuses on third-party platforms.
In testing for trading platforms and tools, both brokers earned 4 out of 5 stars. That said, ForexBrokers.com ranks ThinkMarkets higher (#28 of 63) than FXOpen (#54 of 63). If you want an extra platform option and a higher-ranked toolset, ThinkMarkets is the stronger pick; if you’re happy on MetaTrader and want the essentials—demo access, web and desktop, and copy trading—FXOpen delivers.
| Feature |
ThinkMarkets
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| 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.
ThinkMarkets and FXOpen both offer mobile trading apps for iPhone and Android, and each supports price alerts to help you track forex and other markets on the go. For charting, ThinkMarkets stands out with 94 built-in technical studies compared with FXOpen’s 30. Both apps let you draw trendlines, but only ThinkMarkets auto-saves your chart drawings, which can save time when you revisit your analysis.
Neither broker syncs watchlist symbols between the mobile app and your online account, so changes you make in one place won’t carry over to the other. While both apps earned 4 out of 5 stars for mobile trading, ForexBrokers.com ranks ThinkMarkets higher at #20 out of 63 brokers, versus FXOpen at #55. If you want deeper chart tools and a higher-ranked mobile experience, ThinkMarkets is the stronger choice; if you just need core features, FXOpen covers the basics.
| Feature |
ThinkMarkets
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 94 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
| Mobile Watchlist [DELETED] |
Dive deeper: Best Forex Trading Apps.
Both ThinkMarkets and FXOpen publish daily market commentary, stream forex news from top-tier sources (such as Bloomberg, Reuters, or Dow Jones), and provide an economic calendar. Neither broker integrates Autochartist or Trading Central. Where they differ: ThinkMarkets includes a sentiment tool that shows long/short positioning and offers Acuity Trading tools (e.g., Signal Centre). ThinkMarkets does not offer TipRanks. For FXOpen, availability of TipRanks and Acuity Trading tools isn’t specified in the provided data, and it does not list a sentiment tool.
In independent ratings, ThinkMarkets earns 3.5 out of 5 stars for research and ranks 51st out of 63 brokers, while FXOpen earns 3 out of 5 stars and ranks 64th. If you want built-in sentiment and third-party signals alongside news and calendars, ThinkMarkets has the edge; FXOpen focuses on the essentials with daily insights and headline feeds.
| Feature |
ThinkMarkets
|
FXOpen
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | No | No |
| Client sentiment data | Yes | No |
| TipRanks | No | |
| Acuity Trading | Yes | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
ThinkMarkets vs FXOpen for beginner education: ThinkMarkets runs client webinars at least once a month, while FXOpen does not. ThinkMarkets also provides at least 10 beginner videos and at least 10 advanced videos on trading topics; FXOpen doesn’t meet those counts. It’s not specified whether either broker offers a searchable archive of past webinars, a larger library of 10+ forex and CFD lessons, or an investor dictionary with 50+ terms.
Ratings back this up: ThinkMarkets scores 3.5 out of 5 stars for Education and ranks 52nd out of 63 brokers at ForexBrokers.com, while FXOpen scores 3 stars and ranks 59th. If you want frequent webinars and a broader video lineup, ThinkMarkets may suit beginners better. If you need fewer lessons, FXOpen could still fit. Check each broker’s education center for their latest webinars, videos, and learning tools.
| Feature |
ThinkMarkets
|
FXOpen
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
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
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FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 92 | 76 |
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While both ThinkMarkets and FXOpen do not offer the purchase of actual (delivered) cryptocurrency, they both provide the ability to trade cryptocurrency derivatives.
In a head-to-head comparison of funding methods, neither ThinkMarkets nor FXOpen supports ACH/SEPA or PayPal, both offer Skrill and bank wire transfers, and Visa/Mastercard availability is not specified for either broker.
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 | ThinkMarkets | FXOpen | |
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| Trust Score | 92 | 76 | |
| Winner | check_circle | ||
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| Broker Screenshots | ThinkMarkets | FXOpen | |
|---|---|---|---|
| Broker Gallery (click to expand) |
| Regulation | ThinkMarkets | FXOpen | |
|---|---|---|---|
| Trust Score | 92 | 76 | |
| Year Founded | 2010 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 2 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 0 |
| Tier-1 Licenses (Highly Trusted) | ThinkMarkets | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | ThinkMarkets | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | ThinkMarkets | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4000 | 87 | |
| Forex Pairs (Total) | 46 | 25 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| 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). |
| Cost | ThinkMarkets | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Inactivity Fee | Yes | Yes | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | ThinkMarkets | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $50 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | ThinkMarkets | FXOpen | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | ThinkMarkets | FXOpen | |
|---|---|---|---|
| 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 | ThinkMarkets | FXOpen | |
|---|---|---|---|
| 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 | 94 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | ThinkMarkets | FXOpen | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | No | No | |
| TipRanks | No | ||
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | ThinkMarkets | FXOpen | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | ThinkMarkets | FXOpen | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review |
| Overall | ThinkMarkets | FXOpen | |
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| Trust Score | 92 | 76 | |
| Winner | check_circle | ||
| Review |
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