After spending seven months and hundreds of hours researching 43 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare Pepperstone vs ThinkMarkets.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. Both Pepperstone and ThinkMarkets hold a 4.00 star rating.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. Pepperstone alongside ThinkMarkets are regulated in a major hub. Neither are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. Pepperstone offers its clients access to 59 different currency pairs while ThinkMarkets has 33 available pairs, a difference of 26.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. Both Pepperstone and ThinkMarkets offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, 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 share a rating of 4.00 stars. And, when it comes to individual category awards, Pepperstone was rated Best in Class - Customer Service and Best in Class - Active Trading in 2018, while ThinkMarkets was rated none of these.