Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare Pepperstone vs ThinkMarkets.
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. Pepperstone received a rating of 4 stars over ThinkMarkets's 3.5 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. Both Pepperstone and ThinkMarkets are regulated in a major hub. Neither Pepperstone and ThinkMarkets are publicly traded companies. How many currency pairs are available to trade? Pepperstone offers its clients access to 59 different currency pairs while ThinkMarkets has 40 available pairs, a difference of 19.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Pepperstone alongside ThinkMarkets 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. Both Pepperstone and ThinkMarkets provide clients with access to 31 total charting tools. Pepperstone and ThinkMarkets offer the same number of indicators (eg, volume), 51.
Overall, both Pepperstone and ThinkMarkets hold a 3.5 star rating. And, when it comes to individual category awards, neither Pepperstone nor ThinkMarkets were rated Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading, Best in Class - Mobile Trading and Best in Class - Investor Education.