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 |
ThinkMarkets and RoboForex are two online brokerage firms with distinct approaches to commissions and fees. ThinkMarkets has earned a 4-star rating for its commissions and fees structure, which places it 48th out of 62 brokers according to ForexBrokers.com. While specific average spread data for ThinkMarkets isn't available, the broker is generally well-regarded for its competitive pricing model, contributing to its strong rating.
In contrast, RoboForex is noted for having higher average spreads, specifically 1.3 pips for EUR/USD on its Procent and Pro accounts. This aspect contributes to its 3.5-star rating in the commissions and fees category. Ranked 54th out of 62 brokers by ForexBrokers.com, RoboForex offers a slightly less favorable pricing structure compared to ThinkMarkets, potentially influencing the overall cost for traders.
| 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.
When choosing between ThinkMarkets and RoboForex for their investment options, it's important to consider what each platform has to offer. Both brokers provide forex trading as CFDs or spot contracts, yet they differ in the number of available tradeable symbols. RoboForex offers a more extensive selection with 8,400 symbols compared to ThinkMarkets' 4,000, though ThinkMarkets provides a wider array of forex pairs with 46 options against RoboForex’s 28. Both platforms allow for copy trading and offer cryptocurrency derivatives, although neither supports the purchase of actual cryptocurrencies.
For those interested in exchange-traded securities, especially international stocks, ThinkMarkets provides access to international exchanges but not to U.S. exchanges, which allows clients, for instance, to buy shares like Vodafone on the London Stock Exchange. Conversely, RoboForex does not support the direct purchase of exchange-traded securities on either domestic or international markets. With an identical rating of 4.5 stars for their range of investments, RoboForex slightly edges out ThinkMarkets in platform ranking, coming in at #20 compared to ThinkMarkets' #21 according to ForexBrokers.com.
| 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.
When exploring trading platforms and tools, both ThinkMarkets and RoboForex offer features that cater to traders of various experience levels. Each provides a free virtual demo account for simulated trading, allowing users to explore their platforms risk-free. ThinkMarkets stands out with its proprietary platform, designed in-house, while RoboForex opts for established platforms without an in-house option. Both brokers support versatile trading with web-based platforms and downloadable desktop options for Windows users. Additionally, they both offer copy trading and widely used platforms like MetaTrader 4 and 5, ensuring comprehensive trading possibilities.
In terms of charting capabilities, both ThinkMarkets and RoboForex provide 15 drawing tools, enabling traders to analyze market trends effectively, and they allow trading directly from stock charts. However, when it comes to watchlists, ThinkMarkets offers greater customization with 15 columns compared to RoboForex's 7. Despite receiving the same four-star ratings for their trading platforms and tools, ThinkMarkets ranks higher at 28th among 62 brokers, as opposed to RoboForex's 43rd position. This makes ThinkMarkets a slightly more attractive option for those focused on platform variety and customization.
| 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.
When selecting a mobile trading app, both ThinkMarkets and RoboForex provide convenient options for traders on the go. Each offers apps for both iPhone and Android, complete with stock and forex price alerts and the ability to create watchlists with real-time quotes. However, neither platform allows for watchlist symbol syncing between mobile and online accounts, meaning any changes made will not automatically reflect across platforms. For traders interested in technical analysis, ThinkMarkets stands out with 94 technical studies available in its app compared to RoboForex’s 30. Both brokers enable drawing trendlines, viewing multiple time frames on charts, and have auto-save features for chart drawings.
In terms of user ratings, both ThinkMarkets and RoboForex receive four out of five stars for their mobile trading apps. Yet, according to ForexBrokers.com, ThinkMarkets holds a higher ranking at #20 compared to RoboForex’s #43 out of 62 brokers in the Mobile Trading Apps category. This suggests that while both platforms offer versatile features, ThinkMarkets might have a slight edge in overall user satisfaction and technical analysis capabilities.
| 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 it comes to daily market commentary and top-tier forex news, both ThinkMarkets and RoboForex match each other well, offering insights from renowned sources like Bloomberg and Reuters. However, they differ in the variety of tools they provide. RoboForex stands out by providing technical analysis tools from Trading Central, a feature ThinkMarkets does not offer. On the flip side, ThinkMarkets includes a sentiment-based trading tool that RoboForex lacks, helping traders understand market positions across different instruments.
Both brokers equally support Acuity Trading's tools and offer comprehensive economic calendars for tracking global events. While each broker garners a 3.5-star rating for research, their rankings differ, with RoboForex earning a better position at #37 compared to ThinkMarkets at #50 according to ForexBrokers.com. This comparison highlights that while both brokers have similar ratings, they cater to different trading needs depending on the analysis tools that traders prioritize.
| 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 comparing the educational resources for beginners between ThinkMarkets and RoboForex, ThinkMarkets clearly stands out. ThinkMarkets provides over ten educational materials focusing on forex and CFDs, has online webinars every month, and maintains a searchable archive of past recorded webinars. They also offer a collection of over ten beginner-friendly videos and another set for advanced traders. Additionally, ThinkMarkets includes a dictionary with more than 50 investing terms, giving new traders a solid foundation.
On the other hand, RoboForex falls short in these areas. They do not meet the minimum educational content threshold for forex and CFDs and lack regular client webinars or an archive of them. Unlike ThinkMarkets, RoboForex does not provide a sufficient number of educational videos tailored for beginners or advanced traders, nor do they offer an extensive investor dictionary. Both brokers received a similar rating of 3.5 stars for their educational efforts, but ThinkMarkets ranks higher at #52, compared to RoboForex's #56, according to ForexBrokers.com.
| 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 62 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
|
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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