Written by ForexBrokers.com
In this head to head comparison of ThinkMarkets vs Spreadex, 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.
Founded in 2010, ThinkMarkets stands out as a highly trusted online broker with a ForexBrokers.com Trust Score of 92. This makes it a solid choice for investors. It holds five Tier-1 licenses, which signifies a high level of trust, and two Tier-2 licenses. While it's not publicly listed nor a bank, ThinkMarkets provides a secure environment for traders with its strong regulatory framework.
Established in 1999, Spreadex offers trading services with a ForexBrokers.com Trust Score of 71, categorizing it as an average-risk option for traders. The company holds one Tier-1 license but lacks Tier-2 approvals. Like ThinkMarkets, Spreadex is not publicly traded or a banking institution. While it provides competitive services, potential customers should consider its lower Trust Score when evaluating their options.
| Feature |
ThinkMarkets
|
Spreadex
|
|---|---|---|
| Year Founded | 2010 | 1999 |
| 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 | 0 |
Comparing commissions and fees at ThinkMarkets vs Spreadex, Spreadex provides clearer pricing signals thanks to published spread data, while ThinkMarkets does not list average spreads. Both brokers earn 4 out of 5 stars for commissions and fees, but their rankings differ: Spreadex sits at #28 of 63 brokers in ForexBrokers.com’s Commissions and Fees category, whereas ThinkMarkets is ranked #48 of 63.
Spreadex reported an average EUR/USD spread of 0.81 pips in January 2024, with a 0.6-pip minimum spread achieved 60% of the time that month. This gives traders a tangible picture of typical trading costs. Spreadex’s commissions and fees rating: 4/5 stars; ranking: #28 of 63.
ThinkMarkets does not provide average spread data, which makes it tougher to estimate everyday costs from public figures alone. Even so, it holds a solid position for pricing overall. ThinkMarkets’ commissions and fees rating: 4/5 stars; ranking: #48 of 63.
| Feature |
ThinkMarkets
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $50 | $0 |
| Average Spread EUR/USD - Standard | 1.1 | 0.81 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing ThinkMarkets and Spreadex for range of investments, Spreadex lists about 10,000 tradeable symbols and 52 forex pairs, while ThinkMarkets offers about 4,000 symbols and 46 forex pairs. Both support forex trading as CFDs or spot contracts. Neither broker offers outright purchases of U.S.-listed shares, and neither lets you buy actual cryptocurrency, though both provide crypto derivatives. A key difference: ThinkMarkets offers exchange-traded shares on select international exchanges and includes copy trading, while Spreadex does not.
For sheer breadth, Spreadex takes the lead, earning 5 stars for Range of Investments and ranking #14 out of 63 brokers at ForexBrokers.com. ThinkMarkets scores 4.5 stars and ranks #24, and may suit traders who want international share dealing alongside CFDs and the option to copy other traders. Choose Spreadex if you want the widest list of markets; choose ThinkMarkets if you value international share access and copy trading.
| Feature |
ThinkMarkets
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4000 | 10000 |
| Forex Pairs (Total) | 46 | 52 |
| U.S. Stock Trading (Non CFD) | No | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | No |
| 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 Spreadex both provide free demo accounts and in-house trading platforms, plus convenient web-based trading. A key difference is desktop access: ThinkMarkets offers a Windows download platform, while Spreadex does not. ThinkMarkets also supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) and includes copy trading, whereas Spreadex lacks MT4/MT5 and does not offer copy trading. Both brokers let you place trades directly from charts, and neither supports DupliTrade or ZuluTrade.
For charting and organization, ThinkMarkets lists 15 drawing tools and up to 15 watchlist columns, compared with 11 drawing tools and 8 watchlist columns at Spreadex. Despite sharing a 4-star rating for Trading Platforms and Tools, ThinkMarkets ranks higher overall in this category (#28 of 63) than Spreadex (#47 of 63), making it the stronger pick for traders who want desktop access, MetaTrader, and more ways to customize their workspace.
| Feature |
ThinkMarkets
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 58 |
| Charting - Drawing Tools (Total) | 15 | 11 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 15 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
ThinkMarkets and Spreadex both offer mobile trading apps for iPhone and Android, with real-time watchlists, stock and forex price alerts, trendline drawing, and quick switching between multiple time frames. Each app earns 4 stars for mobile trading. Note that neither broker syncs watchlist symbols between the mobile app and your online account, so changes in one place won’t carry over to the other.
For charting depth, ThinkMarkets pulls ahead: its app lists 94 technical studies and it auto-saves your drawings. Spreadex doesn’t publish a study count and it does not auto-save chart annotations. In ForexBrokers.com’s Mobile Trading Apps rankings out of 63 brokers, ThinkMarkets places #20 while Spreadex sits at #47. Choose ThinkMarkets if you want deeper chart tools and saved work on the go; pick Spreadex if you mainly need the basics across iPhone and Android with alerts and watchlists.
| Feature |
ThinkMarkets
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 94 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Comparing ThinkMarkets vs Spreadex for market research, both brokers cover the basics well. Each offers daily market commentary, forex news from leading sources like Bloomberg, Reuters, or Dow Jones, a sentiment tool showing long vs short positioning, and an economic calendar to track key events. Neither broker includes Trading Central or TipRanks.
The main difference is in extra tools: Spreadex provides Autochartist for pattern and setup ideas, while ThinkMarkets offers Acuity Trading’s Signal Centre instead. In independent ratings, Spreadex scores higher for research at 4 stars and ranks #32 out of 63 brokers, whereas ThinkMarkets holds 3.5 stars and ranks #51. Choose Spreadex if you want Autochartist, or ThinkMarkets if you value Acuity’s signals.
| Feature |
ThinkMarkets
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners, both ThinkMarkets and Spreadex offer a solid foundation with at least ten educational pieces, including articles, videos, and webinars, focusing on forex or CFDs. While both platforms provide a range of beginner educational videos, ThinkMarkets takes a step further by offering monthly online webinars, which Spreadex does not. Furthermore, ThinkMarkets gives users access to a searchable archive of past webinars, a feature that Spreadex lacks. Both brokers provide a thorough investor dictionary with definitions for over 50 investing terms, catering well to beginners in the trading world.
Despite ThinkMarkets offering more advanced educational content with over ten videos aimed at experienced traders, Spreadex receives a slightly higher education rating of 4 stars compared to ThinkMarkets' 3.5 stars. In the ForexBrokers.com educational ranking, Spreadex holds the 45th position out of 63 brokers, while ThinkMarkets is ranked 52nd. This slight edge in user ratings and rankings might influence beginners looking for a broker with a strong educational focus. Nonetheless, ThinkMarkets offers features like ongoing webinars and advanced educational content that might appeal to those wanting continuous learning opportunities and a broader scope of educational materials.
| Feature |
ThinkMarkets
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
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 Spreadex. ThinkMarkets finished with an overall rank of #27, while Spreadex finished with an overall rank of #39.
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
|
Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 92 | 71 |
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Both ThinkMarkets and Spreadex do not offer the option to purchase actual delivered cryptocurrency, but they do provide opportunities to trade cryptocurrency derivatives.
When comparing online brokers ThinkMarkets and Spreadex, neither offer ACH or SEPA transfers, nor utilize PayPal for fund transactions, but while both support Visa, Mastercard, and bank wires, only ThinkMarkets provides the additional option of using Skrill.
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 | Spreadex | |
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| Trust Score | 92 | 71 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
| Broker Screenshots | ThinkMarkets | Spreadex | |
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| Regulation | ThinkMarkets | Spreadex | |
|---|---|---|---|
| Trust Score | 92 | 71 | |
| Year Founded | 2010 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 5 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 0 |
| Tier-1 Licenses (Highly Trusted) | ThinkMarkets | Spreadex | |
|---|---|---|---|
| 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) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | ThinkMarkets | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| 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) |
| Investments | ThinkMarkets | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4000 | 10000 | |
| Forex Pairs (Total) | 46 | 52 | |
| U.S. Stock Trading (Non CFD) | No | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | 0.81 | |
| All-in Cost EUR/USD - Active | N/A | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | ThinkMarkets | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $50 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | ThinkMarkets | Spreadex | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | ThinkMarkets | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 15 | 8 | |
| Charting - Indicators / Studies (Total) | 30 | 58 | |
| Charting - Drawing Tools (Total) | 15 | 11 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | ThinkMarkets | Spreadex | |
|---|---|---|---|
| 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 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | ThinkMarkets | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | ThinkMarkets | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | ThinkMarkets | Spreadex | |
|---|---|---|---|
| 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 | Spreadex Review |
| Overall | ThinkMarkets | Spreadex | |
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| Trust Score | 92 | 71 | |
| Winner | check_circle | ||
| Review | Spreadex Review |
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