Written by ForexBrokers.com
In this head to head comparison of FxPro vs ThinkMarkets, 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.
When comparing online brokers FxPro and ThinkMarkets, it's important to consider their regulatory information and trust ratings. Founded in 2006, FxPro is not publicly traded but operates as a bank, holding two highly trusted Tier-1 licenses. In contrast, ThinkMarkets, launched in 2010, is also not listed on the stock exchange and does not function as a bank, yet it owns five Tier-1 licenses, offering a different kind of assurance under stringent regulations.
FxPro holds a Trust Score of 93 out of 99 according to ForexBrokers.com, placing it in the highly trusted category. ThinkMarkets closely follows with a Trust Score of 92, also regarded as highly trusted. Additional licensing includes FxPro's one Tier-2 license compared to ThinkMarkets' two, providing different levels of trust and security to suit varying investor needs.
| Feature |
FxPro
|
ThinkMarkets
|
|---|---|---|
| Year Founded | 2006 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 5 |
| Tier-2 Licenses | 1 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 3 |
When evaluating online brokers FxPro and ThinkMarkets, their commissions and fees present distinct profiles. FxPro, rated 4 stars for commissions and fees, is positioned at #32 out of 62 brokers in the Commissions and Fees category by ForexBrokers.com. It offers traders options through its MetaTrader and cTrader platforms, but its pricing tends to be higher than the industry average when compared to competitors like Pepperstone and IC Markets. FxPro gives traders the choice of variable or fixed spreads on its MT4 offering, with execution methods varying between instant and market. It's notable that FxPro's cTrader platform presents its most competitive pricing, with an effective spread for the EUR/USD pair at approximately 1.27 pips, combining an average spread of 0.37 pips and a commission-equivalent of 0.9 pips.
Meanwhile, ThinkMarkets also earns a 4-star rating for commissions and fees, though specific average spread data is not available, potentially limiting transparency for traders scrutinizing costs. Ranked #48 by ForexBrokers.com, it trails behind FxPro in this category, suggesting room for improvement in offering cost-effective trading options. Despite the lack of detailed spread information, ThinkMarkets remains a contender due to other potential advantages not covered here, as its rating indicates a level of competitiveness close to that of FxPro.
FxPro’s offerings are complemented by its Active Trader program within the Elite account, where traders can benefit from discounts up to 30%. However, even with these benefits, FxPro falls behind similar initiatives offered by leading peers like FOREX.com, IG, and Saxo. Both brokers show strengths, yet FxPro's detailed spread and execution information offers a more comprehensive picture of potential trading costs, which is crucial for traders aiming to optimize their investment strategies.
| Feature |
FxPro
|
ThinkMarkets
|
|---|---|---|
| Minimum Deposit | $100 | $50 |
| Average Spread EUR/USD - Standard | 1.51 | 1.1 |
| All-in Cost EUR/USD - Active | 1.27 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FxPro and ThinkMarkets both provide strong offerings for traders interested in forex and a variety of other investment opportunities. FxPro gives traders access to 2,249 tradeable symbols, which includes 70 forex pairs. Meanwhile, ThinkMarkets presents a broader scope with 4,000 tradeable symbols, but offers slightly fewer forex pairs, totaling 46. While neither platform allows for the purchase of exchange-traded securities from U.S. exchanges, they do enable access to international stocks, such as Vodafone shares on the London Stock Exchange. Traders interested in the crypto market can engage in cryptocurrency derivatives, although neither broker supports the purchase of actual cryptocurrencies.
Both brokers excel in providing copy trading features, catering to investors who wish to follow experienced traders. When it comes to rankings, ForexBrokers.com rates FxPro at 4 stars for its range of investments, placing it at the 28th position out of 62 brokers. ThinkMarkets, however, garners a slightly higher rating of 4.5 stars and ranks 21st in the same category, reflecting its broader selection. This subtle difference might be pivotal for investors focusing on a wider array of tradeable symbols, making ThinkMarkets a compelling option for diversifying portfolios.
| Feature |
FxPro
|
ThinkMarkets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 4000 |
| Forex Pairs (Total) | 70 | 46 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| 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.
FxPro and ThinkMarkets both provide a range of trading platforms and tools to cater to various trader needs. Both brokers support simulated trading, offering free virtual demo accounts, allowing you to test strategies without financial risk. They also provide proprietary platforms developed in-house and have Windows-based desktop and web-based versions available. Additionally, both brokers support popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms and offer copy trading capabilities. However, neither FxPro nor ThinkMarkets supports third-party services like DupliTrade and ZuluTrade. FxPro stands out with more drawing tools for charting, offering 25 compared to ThinkMarkets' 15. Notably, both brokers allow direct trading from stock charts, enhancing convenience.
When it comes to organizing your trading interface, FxPro offers 6 columns for watch lists, whereas ThinkMarkets provides a more detailed setup with 15 columns. Both brokers receive a solid 4-star rating for their Trading Platforms and Tools, demonstrating their strengths in this area. However, there is a slight difference in their rankings by ForexBrokers.com, with FxPro holding the 17th spot compared to ThinkMarkets' 28th out of 62 brokers. This indicates a slight edge for FxPro in terms of platform offerings, transparency, and overall tool effectiveness, making it a potentially more appealing choice for traders prioritizing technological features and a well-rounded trading experience.
| Feature |
FxPro
|
ThinkMarkets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| 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) | 53 | 30 |
| Charting - Drawing Tools (Total) | 25 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 15 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, both FxPro and ThinkMarkets offer convenient apps for iPhone and Android users, providing essential features for monitoring and managing investments. FxPro stands out with its higher app rating of 4.5 stars, compared to ThinkMarkets' 4 stars, and holds a stronger position at number 15 out of 62 brokers on ForexBrokers.com, whereas ThinkMarkets ranks at number 20. Both apps allow for stock and forex price alerts, as well as the capability to draw trendlines and view multiple time frames on charts. However, FxPro edges ahead with watchlist symbol syncing, enabling seamless updates between its app and online platform, a feature not available with ThinkMarkets.
In terms of charting capabilities, ThinkMarkets offers a more extensive array of technical studies, with 94 options compared to FxPro’s 65. Both apps ensure the automatic saving of drawn chart elements and allow users to create watchlists featuring real-time quotes. Overall, while both brokers provide comprehensive mobile trading solutions, FxPro's app excels with better synchronizing capabilities and a higher user rating, offering a slightly more integrated and user-friendly trading experience compared to ThinkMarkets.
| Feature |
FxPro
|
ThinkMarkets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 65 | 94 |
| 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.
FxPro and ThinkMarkets both provide a solid foundation for market research with daily market commentary and forex news sourced from esteemed outlets like Bloomberg and Reuters. While neither broker utilizes Autochartist tools, FxPro proudly integrates Trading Central, offering technical analysis options that ThinkMarkets does not. Both platforms feature a sentiment-based tool for gauging long or short positions across various trading instruments, highlighting their commitment to offering valuable insights to traders. Additionally, they both include an economic calendar to keep traders informed of global events.
ThinkMarkets stands out by offering research tools from Acuity Trading, such as Signal Centre, which FxPro does not provide. Nevertheless, in terms of overall research capabilities, FxPro earns a higher rating with 4 stars, compared to ThinkMarkets' 3.5 stars, according to ForexBrokers.com. FxPro ranks 26th out of 62 brokers in the Research category, while ThinkMarkets is positioned at 50th. These distinctions emphasize FxPro’s edge in delivering comprehensive research resources for traders looking for in-depth analysis and market insights.
| Feature |
FxPro
|
ThinkMarkets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available to beginners, FxPro and ThinkMarkets both offer a variety of materials such as articles, videos, and archived webinars focused on forex and CFDs. FxPro, however, stands out with a higher overall education rating of 4 stars and ranks 18th out of 62 brokers on ForexBrokers.com, while ThinkMarkets trails with 3.5 stars and a ranking of 52. Both brokers provide an investor dictionary with over 50 terms, aiding newcomers in understanding essential trading jargon.
FxPro excels by providing a searchable archive of past webinars and more than 10 beginner videos, though it lacks monthly live webinars and an extensive collection of advanced topics. Conversely, ThinkMarkets offers monthly live webinars and a variety of advanced trading videos, making it a better choice for continued learning. Nevertheless, the broader range of beginner resources and higher educational ratings give FxPro an edge for those starting in the trading world.
| Feature |
FxPro
|
ThinkMarkets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| 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 FxPro is better than ThinkMarkets. FxPro finished with an overall rank of #21, while ThinkMarkets finished with an overall rank of #27.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
|
ThinkMarkets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 93 | 92 |
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Both FxPro and ThinkMarkets do not provide the option to buy actual cryptocurrencies for delivery, but they both offer the ability to trade cryptocurrency derivatives.
FxPro provides a more versatile range of deposit and withdrawal options compared to ThinkMarkets, with support for ACH/SEPA transfers and PayPal, both of which are not available with ThinkMarkets; however, both platforms offer similar conveniences including Skrill, Visa/Mastercard, and bank wire services.
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 | FxPro | ThinkMarkets | |
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| Trust Score | 93 | 92 | |
| Winner | check_circle | ||
| Review | FxPro Review |
| Broker Screenshots | FxPro | ThinkMarkets | |
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| Regulation | FxPro | ThinkMarkets | |
|---|---|---|---|
| Trust Score | 93 | 92 | |
| Year Founded | 2006 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 2 | 5 | |
| Tier-2 Licenses | 1 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 3 |
| Tier-1 Licenses (Highly Trusted) | FxPro | ThinkMarkets | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | Yes | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | FxPro | ThinkMarkets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FxPro | ThinkMarkets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 4000 | |
| Forex Pairs (Total) | 70 | 46 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| 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 | FxPro | ThinkMarkets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | 1.1 | |
| All-in Cost EUR/USD - Active | 1.27 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FxPro | ThinkMarkets | |
|---|---|---|---|
| Minimum Deposit | $100 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FxPro | ThinkMarkets | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FxPro | ThinkMarkets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 15 | |
| Charting - Indicators / Studies (Total) | 53 | 30 | |
| Charting - Drawing Tools (Total) | 25 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FxPro | ThinkMarkets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 65 | 94 | |
| 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 | FxPro | ThinkMarkets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FxPro | ThinkMarkets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FxPro | ThinkMarkets | |
|---|---|---|---|
| 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 | |
| Review | FxPro Review |
| Overall | FxPro | ThinkMarkets | |
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| Trust Score | 93 | 92 | |
| Winner | check_circle | ||
| Review | FxPro Review |
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