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 |
ThinkMarkets is an online broker that offers competitive commissions and fees. While detailed average spread data isn't available, ThinkMarkets stands out with a solid 4-star rating for its commissions and fees according to ForexBrokers.com. This rating places ThinkMarkets at the 48th position amongst 62 brokers, indicating a relatively favorable ranking in comparison to its peers.
In comparison, FXGT.com provides its clients with a different set of commissions and fees. Although specific average spread figures are not provided, FXGT.com receives a slightly lower rating of 3.5 stars for its cost structure. Despite this, it maintains a presence as a viable option for traders, although it ranks 55th among 62 brokers in the Commissions and Fees category according to ForexBrokers.com.
When comparing ThinkMarkets to FXGT.com, ThinkMarkets appears to offer a slight advantage in terms of commissions and fees based on its higher star rating and better ranking. These distinctions may guide traders who are particularly mindful of costs in their decision-making process.
| 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.
When comparing the investment options available through ThinkMarkets and FXGT.com, several key differences become apparent. ThinkMarkets boasts an impressive array of 4,000 tradable symbols, whereas FXGT.com offers 117. Despite this difference, FXGT.com takes a slight lead in the forex arena with 53 tradable forex pairs, compared to ThinkMarkets' 46 pairs. Neither broker allows direct purchases of exchange-traded securities on U.S. exchanges, but ThinkMarkets stands out by offering access to international exchange-traded securities, unlike FXGT.com.
Both brokers provide options for trading forex via CFD or spot contracts and offer cryptocurrency derivatives without direct purchasing. Additionally, copy trading capabilities are available on both platforms. In terms of ratings, ThinkMarkets garners a higher score with 4.5 stars for its range of investments, while FXGT.com receives 3 stars. ThinkMarkets is ranked #21 out of 62 brokers for investment range, substantially outperforming FXGT.com's rank at #60.
| 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.
When it comes to comparing trading platforms and tools, ThinkMarkets and FXGT.com both cater to traders with different needs while offering certain shared features. Both brokers provide a simulated trading environment with free virtual demo accounts, allowing traders to practice and hone their skills without risking real money. They each support popular trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as offering web-based and Windows-based desktop platforms. In terms of proprietary platforms, ThinkMarkets stands out by offering its own in-house developed platform, while FXGT.com does not. Both brokers support copy trading, but neither provides integrations with DupliTrade or ZuluTrade, keeping their copy trading options relatively straightforward.
When evaluating their charting capabilities, FXGT.com offers a wider selection of drawing tools with 23 options, compared to ThinkMarkets' 15. However, ThinkMarkets compensates with greater depth in watchlist customization, offering 15 fields compared to FXGT.com's five. Both brokers allow direct trading from stock charts, which enhances the trading experience. In overall ratings for trading platforms and tools, both ThinkMarkets and FXGT.com receive four stars. Yet, ThinkMarkets edges ahead in the ForexBrokers.com ranking at #28 out of 62 brokers, whereas FXGT.com is ranked at #56, suggesting a higher level of satisfaction among their users for trading platforms and tools. Overall, while both brokers deliver valuable features, ThinkMarkets might appeal to those looking for a proprietary trading experience and advanced watchlist capabilities, whereas FXGT.com could be more attractive for traders who prioritize a greater variety of drawing tools.
| 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.
When comparing the mobile trading apps of ThinkMarkets and FXGT.com, both platforms cater to iPhone and Android users, supporting convenient trading on the go. They provide essential features like price alerts and the ability to draw trendlines on charts. With both apps, users can view multiple time frames on stock or forex charts, and they auto-save your charting drawings for seamless analysis. Creating watchlists with real-time quotes is possible on both platforms, enhancing users' trading experience.
However, there are differences worth noting. ThinkMarkets stands out with an impressive 94 technical studies available for charting, compared to FXGT.com’s 30. ThinkMarkets does not offer watchlist symbol syncing between the mobile app and online accounts, a feature you will find with FXGT.com for a more cohesive trading experience. In terms of user ratings, ThinkMarkets achieves a 4-star rating, whereas FXGT.com garners a slightly lower 3.5-star rating. Additionally, ThinkMarkets ranks 20th among 62 brokers for its Mobile Trading Apps at ForexBrokers.com, while FXGT.com holds the 58th position, highlighting a difference in user satisfaction and app performance.
| 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 comparing the market research offerings of ThinkMarkets and FXGT.com, ThinkMarkets stands out by providing daily market commentary and forex news from reputable sources like Bloomberg and Reuters. In contrast, FXGT.com does not offer daily commentary or top-tier forex news. Both platforms lack technical analysis tools from Autochartist and Trading Central, yet they share the inclusion of sentiment-based trading tools. Additionally, ThinkMarkets offers research tools from Acuity Trading, whereas FXGT.com does not. Both brokers provide an economic calendar to track global news events.
In terms of overall research ratings, ThinkMarkets scores slightly higher with 3.5 stars compared to FXGT.com’s 3 stars. This difference in ratings is reflected in their rankings on ForexBrokers.com, where ThinkMarkets is placed at #50 and FXGT.com at #56 out of 62 brokers. This comparison illustrates that ThinkMarkets may be the preferable choice for traders seeking more comprehensive market research tools and reputable news sources.
| 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 it comes to providing educational resources for beginners, ThinkMarkets shines with its comprehensive offerings. ThinkMarkets provides a wealth of educational material for those new to forex and CFDs, boasting a wide array of articles, videos, and archived webinars that exceed the minimum requirement of ten pieces. They also host regular webinars every month, ensuring that users have continuous learning opportunities. ThinkMarkets further enriches the learning experience with a searchable archive of previous webinars and a substantial collection of beginner and advanced educational videos. Additionally, they offer an investor dictionary with over 50 essential investing terms, making it easier for beginners to get acquainted with key concepts. Rated 3.5 stars for education, ThinkMarkets stands at the 52nd spot out of 62 brokers reviewed by ForexBrokers.com for their educational content.
In comparison, FXGT.com falls short in providing extensive educational content. The platform does not meet the basic standard of ten educational pieces primarily focused on forex or CFDs, and it does not offer monthly webinars or recorded webinar archives for users to view. FXGT.com also lacks the collection of beginner and advanced educational videos that trading novices might require, despite providing a useful investor dictionary similar to ThinkMarkets. Due to these limitations, FXGT.com has been rated slightly lower, with 3 stars in education, and ranks 59th out of 62 brokers in the ForexBrokers.com education category ranking. This outlines a clear disparity between the two brokers in terms of educational support available to beginners.
| 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 62 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 | |
| Winner | check_circle | ||
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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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