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ThinkMarkets vs Plus500 Review

Steven Hatzakis

Published by Steven Hatzakis


Tuesday, February 19th, 2019

Is Plus500 better than ThinkMarkets? After grading forex brokers on nearly 100 different variables, ThinkMarkets is better than Plus500. ThinkMarkets provides forex and CFDs on multiple asset classes, including cryptocurrencies, on its recently acquired Trade Interceptor platform and MetaTrader 4 (MT4) through its Australia, UK, and offshore entity in Bermuda.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall
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Regulation
Trust Score
Year Founded
Publicly-Traded Company (Listed)
Regulated in Major Hub
Regulated in Emerging Hub
CFTC Registered (USA)
Authorised in the European Union
FCA Regulated (UK)
FINMA Authorised (Switzerland)
ASIC Authorised (Australia)
MAS Authorised (Singapore)
IIROC Authorised (Canada)
SFC Authorised (Hong Kong)
FSA Authorised (Japan)
CySEC Authorised (Cyprus)
FMA Authorised (New Zealand)
Investments
Forex: Spot Trading
Currency Pairs (Total Forex pairs)
CFDs - Total Offered
Cryptocurrency traded as actual
Cryptocurrency traded as CFD
Offering of Investments
Winner
Cost
Average Spread EUR/USD - Standard
All-in Cost EUR/USD - Active
Active Trader or Premium/VIP
Commissions & Fees
Winner
Funding
Minimum Initial Deposit
Bank Wire (Deposit/Withdraw)
Visa/Mastercard (Credit/Debit)
PayPal (Deposit/Withdraw)
Skrill (Deposit/Withdraw)
UnionPay (Deposit/Withdraw)
Trading Platforms
Proprietary Platform
Desktop Platform (Windows)
Web Platform
Social Trading / Copy-Trading
MetaTrader4 (MT4)
MetaTrader5 (MT5)
cTrader
Trading Tools
Virtual Trading (Demo)
Alerts - Basic Fields
Watchlists - Total Fields
Charting - Indicators / Studies (Total)
Charting - Drawing Tools (Total)
Charting - Trade From Chart
Charting - Drawings Autosave
Order Type - Trailing Stop
Platform & Tools
Winner
Mobile Trading
Android App
Apple iOS App
Trading - Forex
Trading - CFDs
Alerts - Basic Fields
Watch List
Watch List Syncing
Charting - Indicators / Studies
Charting - Draw Trend Lines
Charting - Trend Lines Moveable
Charting - Multiple Time Frames
Charting - Drawings Autosave
Forex Calendar
Mobile Trading
Winner
Research
Daily Market Commentary
Forex News (Top-Tier Sources)
Weekly Webinars
AutoChartist
Trading Central (Recognia)
Delkos Research
Social Trading / Copy-Trading
Social Sentiment - Currency Pairs
Economic Calendar
Research
Winner
Education
Has Education - Forex
Has Education - CFDs
Client Webinars
Client Webinars (Archived)
Videos - Beginner Trading Videos
Videos - Advanced Trading Videos
Investor Dictionary (Glossary)
Tutorials/Guide (PDF or Interactive)
Education
Winner
Major Forex Pairs
GBPUSD (or USDGBP)
USDJPY (or JPYUSD)
EURUSD (or USDEUR)
USDCHF (or CHFUSD)
USDCAD (or CADUSD)
NZDUSD (or USDNZD)
AUDUSD (or USDAUD)
USDCNH (or CNHUSD)
USDSGD (or SGDUSD)
Overall
Overall
Winner
3.5
74-89% of retail CFD accounts lose money
 
79
2010
No
Yes
No
No
Yes
Yes
No
Yes
No
No
No
No
No
No
 
Yes
40
192
No
Yes
3
 
N/A
N/A
Yes
3.5
 
$250.00
Yes
Yes
No
No
No
 
Yes
Yes
Yes
Yes
Yes
No
No
 
Yes
Yes
7
51
31
Yes
Yes
Yes
3.5
check_circle
 
Yes
Yes
Yes
Yes
Yes
Yes
No
30
Yes
Yes
Yes
No
No
4
check_circle
 
Yes
Yes
Yes
Yes
No
No
Yes
No
Yes
3.5
check_circle
 
Yes
Yes
Yes
Yes
No
No
Yes
Yes
3.5
check_circle
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
 
3.5
check_circle
3
80.6% of retail CFD accounts lose money
 
84
2008
Yes
Yes
Yes
No
Yes
Yes
No
Yes
Yes
No
No
No
Yes
Yes
 
Yes
60
2045
No
Yes
3.5
check_circle
 
0.6
N/A
No
4
check_circle
 
€100
Yes
Yes
Yes
Yes
No
 
Yes
Yes
Yes
No
No
No
No
 
Yes
Yes
10
103
0
No
No
Yes
2.5
 
Yes
Yes
Yes
Yes
Yes
Yes
Yes
18
No
No
Yes
No
No
3
 
No
No
No
No
No
No
No
No
Yes
2.5
 
No
No
No
No
No
No
No
No
1
 
No
Yes
Yes
Yes
Yes
No
Yes
Yes
Yes
 
3
Our ForexBrokers.com team spent several months and hundreds of hours assessing 28 different forex broker accounts for trading FX. In total, over 2,200 data points were collected. For this review, we will compare Plus500 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. Plus500 is a better option with a 4.00 star rating over ThinkMarkets's 3.50 star rating.

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 Plus500 and ThinkMarkets are regulated in a major hub. Plus500 is a publicly traded company, ThinkMarkets isn't. How many currency pairs are available to trade? Plus500 offers its clients access to 60 different currency pairs while ThinkMarkets has 40 available pairs, a difference of 20.

To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. ThinkMarkets makes Meta Trader available to clients, while Plus500 does not. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Plus500 trails ThinkMarkets by 31 total charting tools, with ThinkMarkets offering 31 and Plus500 offering 0. ThinkMarkets trails Plus500 by 52 total different indicators (for example, moving averages), with Plus500 offering 103 and ThinkMarkets offering 51.

Plus500 Review
ThinkMarkets Review

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.

Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).

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