ThinkMarkets vs FXGT.com 2024

ThinkMarkets is not publicly traded and does not operate a bank. ThinkMarkets is authorised by five tier-1 regulators (Highly Trusted), two tier-2 regulators (Average Risk), zero tier-3 regulators (low trust), and two tier-4 regulators (High Risk). ThinkMarkets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Japanese Financial Services Authority (JFSA), Financial Markets Authority (FMA), Financial Conduct Authority (FCA), and regulated in the European Union via the MiFID passporting system.

FXGT.com is not publicly traded, does not operate a bank, and is authorised by one Tier-1 regulator (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and two Tier-4 regulators (High Risk). FXGT.com is regulated in the European Union via the MiFID passporting system.

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.

FXGT.com is a plain vanilla MetaTrader-only broker offering a narrow range of markets alongside a decent number of crypto CFDs and platform plugins. This broker lacks robust market research and educational resources beyond a few ebooks and some basic sentiment data. FXGT.com’s small number of regulatory licenses brings down its overall Trust Score. It’s also worth noting that, though FXGT.com is regulated in the EU, retail clients are not accepted in that region.

To open a trading account with ThinkMarkets, you'll need to make an initial minimum deposit of $50.

FXGT.com requires a minimum deposit of $5 before you can open an account and start trading.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. ThinkMarkets offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw) for banking, whereas FXGT.com provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw) and Neteller (Deposit/Withdraw). Neither have PayPal (Deposit/Withdraw).

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that ThinkMarkets offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that ThinkMarkets holds 5 global Tier-1 licenses, while FXGT.com holds 1. ThinkMarkets holds 2 global Tier-2 licenses, while FXGT.com holds 1.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that ThinkMarkets (92) earned a higher Trust Score than FXGT.com (69).

To compare the trading platforms of both ThinkMarkets and FXGT.com, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, ThinkMarkets offers a better experience. With research, ThinkMarkets offers superior market research. Finally, we found ThinkMarkets to provide better mobile trading apps.

Here’s what trading platforms are available at ThinkMarkets:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - Yes

Here’s what trading platforms are available at FXGT.com:

• Proprietary Platform - No
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - No

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both ThinkMarkets and FXGT.com offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. ThinkMarkets and FXGT.com both offer copy trading.

FXGT.com provides traders 53 currency pairs (e.g., EUR/USD) compared to ThinkMarkets's 46 available pairs. If you are interested in trading a full range of securities, ThinkMarkets offers traders access to 4000 tradeable symbols, while FXGT.com offers access to 117 tradeable symbols; so ThinkMarkets offers 3883 more tradeable symbols than FXGT.com.

We found in our testing that ThinkMarkets offers a more diverse selection of investment options than FXGT.com, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Int'l Stock Trading (Non CFD), Cryptocurrency (Derivative), Social Trading / Copy Trading and Spread Betting. Neither have Cryptocurrency (Physical).