Written by ForexBrokers.com
In this head to head comparison of ThinkMarkets vs FXGT.com, 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.
ThinkMarkets and FXGT.com are both online brokers, but they display notable differences, especially in terms of regulatory qualifications and trust ratings. Established in 2010, ThinkMarkets boasts a ForexBrokers.com Trust Score of 92, indicating a high level of trust. It holds five Tier-1 licenses, reflecting its strong regulatory standing, and two Tier-2 licenses. While it is not publicly traded nor does it function as a bank, ThinkMarkets' regulatory achievements make it a reputable option for traders seeking assurance of security and compliance with stringent standards.
In contrast, FXGT.com, founded in 2019, holds a ForexBrokers.com Trust Score of 69, suggesting a higher risk level compared to ThinkMarkets. This platform possesses one Tier-1 license and one Tier-2 license, which contributes to mixed perceptions regarding its reliability. Like ThinkMarkets, FXGT.com is not publicly listed and does not operate as a bank. For traders, this comparison illustrates the importance of examining regulatory background and trust scores when selecting a broker.
| Feature |
ThinkMarkets
|
FXGT.com
|
|---|---|---|
| Year Founded | 2010 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 5 | 1 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 2 |
When comparing the commissions and fees of online brokers ThinkMarkets and FXGT.com, it's important to note that specific average spread data is not available for either. However, both make their mark in different ways based on their ratings and rankings. ThinkMarkets earns a commendable four out of five stars from ForexBrokers.com for its commissions and fees structure. In the broader context among 63 brokers, ThinkMarkets holds the 48th spot, indicating a fairly competitive standing.
On the other hand, FXGT.com has a slightly lower rating, with 3.5 stars in the same category of commissions and fees. Despite the lower rating, FXGT.com still competes in the market but ranks at 56th place among 63 brokers in ForexBrokers.com’s list. This positioning suggests that while FXGT.com offers viable services, it may not be as favorable as ThinkMarkets in terms of cost-effectiveness for traders.
In summary, if commissions and fees are your primary concern, ThinkMarkets appears to provide a more competitive edge, as reflected in its higher star rating and better ranking compared to FXGT.com. Both brokers offer their own benefits, but ThinkMarkets stands out as a slightly more attractive option when looking at these aspects alone.
| Feature |
ThinkMarkets
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $50 | $5 |
| Average Spread EUR/USD - Standard | 1.1 | N/A |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
ThinkMarkets and FXGT.com both provide a gateway for forex trading through CFDs, allowing investors flexibility in managing their portfolios. While ThinkMarkets impressively offers a substantial array of 4,000 tradeable symbols, FXGT.com presents a more modest selection of 117. Despite the smaller range, FXGT.com surpasses ThinkMarkets in the number of forex pairs available for trading, with 53 compared to ThinkMarkets’ 46. However, if you're looking to invest in international exchange-traded securities, ThinkMarkets gives you that option, whereas FXGT.com does not. Both platforms support copy trading and offer cryptocurrency derivatives, but neither permits buying actual cryptocurrencies.
When evaluating their range of investments, ThinkMarkets receives a commendable rating of 4.5 stars, reflecting its diverse offerings. In comparison, FXGT.com earns 3 stars but may still appeal to those specifically focused on forex pairs. According to the rankings on ForexBrokers.com, ThinkMarkets is positioned at #22 out of 63 brokers, which stands in stark contrast to FXGT.com's rank of #61, indicating a wider variety of investment choices with ThinkMarkets. Overall, investors valuing an extensive selection of trading options might prefer ThinkMarkets, while those narrowly focused on forex trading may consider exploring FXGT.com.
| Feature |
ThinkMarkets
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4000 | 117 |
| Forex Pairs (Total) | 46 | 53 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | 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.
ThinkMarkets and FXGT.com both cater to traders looking for dynamic platforms with a variety of tools. Both brokers provide a virtual trading environment with free demo accounts, allowing users to practice without any financial risk. ThinkMarkets offers its in-house developed platform, giving traders a unique experience, whereas FXGT.com relies on established third-party software. Both brokers accommodate Windows users with desktop downloads and offer web-based trading, expanding access and convenience. Additionally, both platforms support popular software like MetaTrader 4 and 5 and provide copy trading capabilities for those interested in mirroring successful traders.
When it comes to charting tools, ThinkMarkets presents 15 drawing tools while FXGT.com edges out slightly with 23. Both brokers enable trading directly from stock charts, enhancing quick decision-making. In terms of watch list customization, ThinkMarkets offers 15 columns to FXGT.com's 5, giving users more flexibility in tracking their preferred markets. Despite these differences, both brokers share a trading platform rating of four stars. However, ThinkMarkets holds a higher industry ranking at 28th compared to FXGT.com's 56th place according to ForexBrokers.com, reflecting a more favorable perception of their platform offerings.
| Feature |
ThinkMarkets
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 37 |
| Charting - Drawing Tools (Total) | 15 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 15 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both ThinkMarkets and FXGT.com offer mobile trading apps that are accessible on iPhone and Android devices. They each provide essential features like stock and forex price alerts, the ability to draw trendlines, and view multiple time frames on charts. However, ThinkMarkets stands out with its offering of 94 technical studies for charting, compared to FXGT.com's 30 studies. Additionally, both platforms allow the creation of watchlists with real-time quotes, but FXGT.com offers the convenience of watchlist symbol syncing, meaning changes made in the mobile app auto-sync with the online account, a feature not available with ThinkMarkets.
When it comes to user ratings, ThinkMarkets is rated slightly higher at 4 stars compared to FXGT.com's 3.5 stars. In the ForexBrokers.com rankings for Mobile Trading Apps, ThinkMarkets holds the 20th position out of 63 brokers, while FXGT.com is positioned at 58th. This suggests that while both apps offer valuable trading tools, ThinkMarkets is perceived to provide a more comprehensive user experience overall.
| Feature |
ThinkMarkets
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 94 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, ThinkMarkets holds a noticeable edge over FXGT.com. ThinkMarkets provides daily market commentary and real-time forex news sourced from industry giants like Bloomberg and Reuters, which are crucial for traders looking for timely insights. While both brokers offer sentiment-based tools to gauge market positions, ThinkMarkets enriches its offerings with tools from Acuity Trading, enhancing the overall trading experience. Furthermore, both platforms provide an economic calendar to help traders keep track of major global economic events, ensuring they don’t miss critical market movements.
In terms of rankings and ratings, ThinkMarkets comes out ahead with a 3.5-star research rating compared to FXGT.com's 3-star rating. This slight edge is reflected in their placement among industry peers, with ThinkMarkets ranking #50 and FXGT.com at #56 out of 63 brokers evaluated by ForexBrokers.com. While neither broker utilizes Autochartist or Trading Central tools, the additional features and top-tier news sources offered by ThinkMarkets give it a meaningful advantage for traders seeking comprehensive market analysis.
| Feature |
ThinkMarkets
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources for beginners offered by ThinkMarkets and FXGT.com, ThinkMarkets stands out with a more comprehensive offering. ThinkMarkets provides over ten educational articles and videos focused on forex and CFDs, alongside at least ten beginner-friendly videos that explain trading topics in simple terms. They also conduct monthly online webinars and offer a searchable archive of past webinars for those who want to learn at their own pace. FXGT.com, on the other hand, does not meet these benchmarks, lacking in both the quantity of educational materials and the availability of webinars and archived content for their users.
Moreover, ThinkMarkets goes a step further by providing advanced educational videos for seasoned traders and maintains an investor dictionary with over 50 investing terms, a feature shared by FXGT.com as well. Despite both brokers offering some level of educational content, ThinkMarkets earns a rating of 3.5 stars for education, slightly higher than FXGT.com's 3 stars. In the ForexBrokers.com rankings, ThinkMarkets is positioned at #52 out of 63 brokers, while FXGT.com is ranked at #60, highlighting a noticeable difference in educational offerings. Beginners looking for ample learning resources and structured educational opportunities may find ThinkMarkets a more suitable choice.
| Feature |
ThinkMarkets
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| 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 ThinkMarkets is better than FXGT.com. ThinkMarkets finished with an overall rank of #27, while FXGT.com finished with an overall rank of #58.
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
|
FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 92 | 69 |
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Both ThinkMarkets and FXGT.com do not provide the option to purchase actual cryptocurrencies but do offer the ability to trade cryptocurrency derivatives.
When comparing online brokers, ThinkMarkets stands out for offering Skrill alongside Visa, Mastercard, and bank wire options for deposits and withdrawals, while FXGT.com sets itself apart by providing ACH and SEPA transfers, along with Visa, Mastercard, and bank wire facilities, yet neither broker supports PayPal transactions.
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 | FXGT.com | |
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| Trust Score | 92 | 69 | |
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| Regulation | ThinkMarkets | FXGT.com | |
|---|---|---|---|
| Trust Score | 92 | 69 | |
| Year Founded | 2010 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 1 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 2 |
| Tier-1 Licenses (Highly Trusted) | ThinkMarkets | FXGT.com | |
|---|---|---|---|
| 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) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| 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 | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | ThinkMarkets | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4000 | 117 | |
| Forex Pairs (Total) | 46 | 53 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | 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 | ThinkMarkets | FXGT.com | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | N/A | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | ThinkMarkets | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $50 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | ThinkMarkets | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | ThinkMarkets | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 15 | 5 | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Drawing Tools (Total) | 15 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | ThinkMarkets | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 94 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | ThinkMarkets | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | ThinkMarkets | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | ThinkMarkets | FXGT.com | |
|---|---|---|---|
| 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 | |
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| Overall | ThinkMarkets | FXGT.com | |
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| Trust Score | 92 | 69 | |
| Winner | check_circle | ||
| Review |
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