ThinkMarkets vs FxPro Review
Is FxPro better than ThinkMarkets? After grading forex brokers on nearly 100 different variables, FxPro is better than ThinkMarkets. With regulatory licenses across the globe, competitive pricing, reliable customer service, and a full platform lineup including MT4, MT5, and cTrader, FxPro’s only notable weakness is its offering of forex market research tools.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. FxPro's score is 4.00 stars versus ThinkMarkets's 3.50 stars.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. FxPro and ThinkMarkets both are regulated in a major hub. Neither FxPro and ThinkMarkets are publicly traded companies. How many currency pairs are available to trade? FxPro offers its clients access to 70 different currency pairs while ThinkMarkets has 40 available pairs, a difference of 30.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. FxPro and ThinkMarkets both offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. FxPro and ThinkMarkets offer the same number of charting tools, 31. Both FxPro and ThinkMarkets provide clients with access to 51 total indicators (eg, moving averages).
Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.