Written by ForexBrokers.com
In this head to head comparison of ThinkMarkets vs RoboForex, 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.
ThinkMarkets and RoboForex are both established online brokers, with ThinkMarkets founded in 2010 and RoboForex in 2009. Neither of these brokers is publicly traded or operates as a bank. When it comes to regulatory credentials, ThinkMarkets stands out with five Tier-1 licenses and two Tier-2 licenses, reflecting a high level of trust in its operations. On the other hand, RoboForex holds one Tier-1 license and no Tier-2 licenses, suggesting more moderate regulatory oversight.
According to ForexBrokers.com, ThinkMarkets scores a high trust rating of 92 out of 99, indicating it is highly trusted. Conversely, RoboForex has a Trust Score of 73, placing it at average risk. These trust ratings are crucial for potential investors seeking reliability in brokerage services. As always, it's essential for traders to weigh these factors when making informed decisions on which platform to use for their investments.
| Feature |
ThinkMarkets
|
RoboForex
|
|---|---|---|
| Year Founded | 2010 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 5 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 2 |
When evaluating online brokers for their commissions and fees, ThinkMarkets is notably well-regarded, receiving a four-star rating in this area. Although detailed average spread data is not available, ThinkMarkets' pricing structure is competitive enough to secure a rank of #47 out of 63 brokers in the Commissions and Fees category, according to ForexBrokers.com. The broker's commitment to transparent pricing and customer satisfaction likely contributes to its favorable position in the rankings.
In comparison, RoboForex receives a slightly lower rating of 3.5 stars for its commissions and fees. This might be attributed to the higher average spreads, notably 1.3 pips for EUR/USD on their Procent and Pro accounts, which could be considered less cost-effective for traders. Ranking at #55 out of 63 brokers, RoboForex is positioned lower in the Commissions and Fees category, suggesting that traders may incur higher costs relative to some of its peers.
Both brokers offer unique pricing structures that cater to different trading needs, but ThinkMarkets' higher ranking and star rating for commissions and fees provide it with an edge in competitive pricing. Whether opting for ThinkMarkets' potentially lower costs or exploring RoboForex's offerings, traders should assess their individual requirements to make an informed decision.
| Feature |
ThinkMarkets
|
RoboForex
|
|---|---|---|
| Minimum Deposit | $50 | $100 |
| Average Spread EUR/USD - Standard | 1.1 | 1.3 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Both ThinkMarkets and RoboForex provide ample options for forex trading, offering opportunities through CFDs or spot contracts. ThinkMarkets presents 4,000 symbols for trading and caters to enthusiasts of forex with 46 tradeable pairs. RoboForex, on the other hand, surpasses in sheer numbers with 8,400 tradeable symbols, though it falls slightly short in forex pairs, offering 28. While ThinkMarkets enables access to international exchange-traded securities like Vodafone shares, clients looking to invest in U.S. exchange-traded securities won't find options with either broker. Both brokers, however, extend cryptocurrency derivatives for trading.
Copy trading is a feature available at both ThinkMarkets and RoboForex, appealing to those who wish to mimic the trades of successful investors. Despite the distinctions in available investments, both brokers secure an equal rating of 4.5 stars for their range of offerings. In the competitive landscape evaluated by ForexBrokers.com, RoboForex secures a slightly higher position in the Range of Investments category at #20, compared to ThinkMarkets' #22 ranking.
| Feature |
ThinkMarkets
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4000 | 8400 |
| Forex Pairs (Total) | 46 | 28 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| 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.
ThinkMarkets and RoboForex both offer a comprehensive suite of trading tools and platforms that cater to a wide range of trading needs. Both brokers provide simulated or paper trading options through free virtual demo accounts, allowing traders to practice without risk. ThinkMarkets distinguishes itself with its proprietary platform, while RoboForex does not provide an in-house platform. However, both brokers offer popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), alongside web-based and Windows-based desktop platforms. Copy trading is available with both brokers. While neither offers DupliTrade or ZuluTrade, they provide an extensive selection of drawing tools for charting, featuring 15 drawing tools each.
When examining the ability to trade directly from a stock chart, both ThinkMarkets and RoboForex provide this feature, enhancing the user experience. ThinkMarkets offers more columns for watch lists with 15, compared to RoboForex's 7. In terms of ratings and rankings, both brokers earn a commendable four stars for their trading platforms and tools. However, ThinkMarkets is ranked higher by ForexBrokers.com, coming in at 28th out of 63 brokers, whereas RoboForex holds the 43rd position. This comparison highlights both brokers' strengths, helping traders choose a platform that best fits their preferences and trading styles.
| Feature |
ThinkMarkets
|
RoboForex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 15 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
ThinkMarkets and RoboForex both provide convenient mobile trading apps that are compatible with iPhone and Android devices. Each app allows users to receive stock and forex price alerts, ensuring you stay updated with the latest market movements. Although neither app offers watchlist symbol syncing, they both allow for the creation of watchlists with real-time quotes, catering to traders who value on-the-go portfolio management.
The charting tools in ThinkMarkets' app stand out with 94 technical studies, compared to RoboForex's 30, giving technical traders a broader array of analytical options. Both apps support trendline drawing and multiple time frame views on charts, and they autosave these drawings, enhancing user experience. Despite RoboForex and ThinkMarkets both earning a four-star rating for their mobile trading apps, ThinkMarkets ranked higher at #20, compared to RoboForex at #43, according to ForexBrokers.com out of 63 brokers. This difference highlights ThinkMarkets' slightly superior standing in the mobile trading feature set.
| Feature |
ThinkMarkets
|
RoboForex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 94 | 30 |
| 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.
When comparing ThinkMarkets and RoboForex, both online brokers provide daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. While neither platform offers technical analysis or research tools from Autochartist, RoboForex stands out by providing tools from Trading Central, which ThinkMarkets does not. ThinkMarkets compensates by offering a sentiment-based trading tool, a feature not available with RoboForex. Both brokers, however, integrate research tools from Acuity Trading and provide economic calendars for tracking global news events.
Despite these offerings, both ThinkMarkets and RoboForex receive a research rating of 3.5 stars out of five. However, RoboForex ranks slightly higher for research, positioned at #37 out of 63 brokers according to ForexBrokers.com, compared to ThinkMarkets, which is ranked at #50. This may suggest that while both platforms have similar offerings, RoboForex's additional features like Trading Central tools give it a slight edge in market research capabilities.
| Feature |
ThinkMarkets
|
RoboForex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, there are notable differences between ThinkMarkets and RoboForex. ThinkMarkets offers a wide range of tools to help newcomers understand forex and CFDs. They provide over ten educational pieces such as articles, videos, and archived webinars focusing on forex and CFDs. Additionally, ThinkMarkets hosts online client webinars every month, ensuring that learners have continuous access to live educational content, and also maintains a searchable archive of past webinars. For beginners keen on visual learning, ThinkMarkets presents more than ten educational videos tailored specifically for novice traders, alongside a collection of advanced videos for more experienced users. Moreover, an investor dictionary with over fifty term definitions is available, making it easier for beginners to get familiar with trading terminologies. These offerings culminate in a solid platform for anyone looking into trading education with ThinkMarkets.
On the other hand, RoboForex lacks the extensive educational resources that ThinkMarkets provides. While it offers some educational content, it does not meet the threshold of ten pieces dedicated to forex and CFDs. RoboForex does not conduct regular online webinars or archive any past webinars for future reference, which limits the opportunity for live learning sessions. Furthermore, the platform does not cater specifically to beginners with ten or more educational videos, nor does it offer advanced trading videos for seasoned traders. The absence of an investor dictionary also further reduces its appeal for those new to trading. Despite these limitations, both ThinkMarkets and RoboForex are ranked similarly for education, suggesting room for improvement in their educational strategies. Nonetheless, beginners may find ThinkMarkets to be a more comprehensive choice when it comes to learning about trading.
| Feature |
ThinkMarkets
|
RoboForex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that ThinkMarkets is better than RoboForex. ThinkMarkets finished with an overall rank of #27, while RoboForex finished with an overall rank of #46.
ThinkMarkets has multiple regulatory license and offers a proprietary trading platform, as well as the entire MetaTrader suite. The broker has made progress in key areas, such as research and education, and the range of markets available, although trails behind the best brokers in these categories.
| Feature |
ThinkMarkets
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RoboForex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 92 | 73 |
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Both ThinkMarkets and RoboForex provide the option to trade cryptocurrency derivatives but do not offer the ability to purchase actual (delivered) cryptocurrency.
When comparing online brokers, RoboForex stands out over ThinkMarkets by providing ACH, SEPA, and PayPal options in addition to shared features like Skrill, Visa/Mastercard, and bank wire transfer for depositing or withdrawing funds.
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 | ThinkMarkets | RoboForex | |
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| Trust Score | 92 | 73 | |
| Winner | check_circle | ||
| Review | RoboForex Review |
| Broker Screenshots | ThinkMarkets | RoboForex | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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| Regulation | ThinkMarkets | RoboForex | |
|---|---|---|---|
| Trust Score | 92 | 73 | |
| Year Founded | 2010 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 2 |
| Tier-1 Licenses (Highly Trusted) | ThinkMarkets | RoboForex | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | ThinkMarkets | RoboForex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | ThinkMarkets | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4000 | 8400 | |
| Forex Pairs (Total) | 46 | 28 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| 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 | ThinkMarkets | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | 1.3 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | ThinkMarkets | RoboForex | |
|---|---|---|---|
| Minimum Deposit | $50 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | ThinkMarkets | RoboForex | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | ThinkMarkets | RoboForex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 15 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | ThinkMarkets | RoboForex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 94 | 30 | |
| 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 | ThinkMarkets | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | ThinkMarkets | RoboForex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | ThinkMarkets | RoboForex | |
|---|---|---|---|
| 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 | RoboForex Review |
| Overall | ThinkMarkets | RoboForex | |
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| Trust Score | 92 | 73 | |
| Winner | check_circle | ||
| Review | RoboForex Review |
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