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 |
When considering online brokers, ThinkMarkets and Spreadex both offer competitive options for commissions and fees, though each brings different strengths to the table. ThinkMarkets is rated four out of five stars, indicating a generally positive reception in terms of its commission structure. However, specific average spread data for ThinkMarkets is not publicly available, which might make direct cost comparisons challenging for those considering this broker. In rankings by ForexBrokers.com, ThinkMarkets holds the 47th position out of 63 brokers in the Commissions and Fees category.
Spreadex also earns a four-star rating for its commissions and fees, showcasing its strong performance in competitive pricing. In January 2024, Spreadex reported an average spread of 0.81 pips for the popular EUR/USD currency pair, with a minimum spread of 0.6 pips achieved 60% of the time during the month. This indicates a consistent pricing strategy that may appeal particularly to forex traders seeking predictability in transaction costs. Spreadex ranks more favorably at number 27 out of 63 brokers according to ForexBrokers.com, suggesting it may be a preferred choice for cost-conscious traders looking for transparent fee structures.
Overall, both ThinkMarkets and Spreadex provide appealing choices for traders focused on minimizing trading costs, each with their own advantages. While ThinkMarkets offers a strong fee rating without specific spread data, Spreadex delivers consistent, transparent pricing that many traders may find beneficial. Depending on individual trading needs and preferences, one of these brokers might stand out as the better option based on pricing criteria alone.
| 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.
When comparing the range of investments available at ThinkMarkets and Spreadex, it's clear both platforms offer forex trading, with ThinkMarkets providing 46 tradeable forex pairs and Spreadex offering a slightly higher selection of 52 pairs. While both brokers allow trading forex as a CFD or spot contract, Spreadex outpaces ThinkMarkets with a broader variety of overall tradeable symbols, offering 10,000 compared to ThinkMarkets' 4,000. Furthermore, both platforms lack the option to trade exchange-traded securities from U.S. exchanges but differ in international market offerings—ThinkMarkets supports trading on platforms like the London Stock Exchange, whereas Spreadex does not.
Looking at additional features, ThinkMarkets shines with its copy trading option, which Spreadex does not offer. However, both brokers provide opportunities to trade cryptocurrency derivatives, though neither facilitates the purchase of actual cryptocurrencies. In terms of ratings, ThinkMarkets earns 4.5 stars for its range of investments, while Spreadex surpasses with a full 5-star rating. According to ForexBrokers.com, Spreadex ranks 13th among 63 brokers in this category, slightly ahead of ThinkMarkets, which holds the 22nd position. These aspects showcase the subtle but significant ways each platform caters to diverse trader preferences, from forex trading to accessing varied investment options.
| 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.
When comparing online trading platforms, ThinkMarkets and Spreadex both cater to traders looking for diverse options and features. ThinkMarkets offers a simulated trading experience via a free virtual demo account, which is matched by Spreadex. Both brokers provide proprietary platforms developed in-house. However, ThinkMarkets stands out by offering a Windows-based desktop platform, which Spreadex does not. Both offer web-based trading platforms, but ThinkMarkets extends its capabilities further with copy trading and access to the popular MetaTrader 4 and MetaTrader 5, neither of which Spreadex supports.
In terms of charting and watch list functionalities, ThinkMarkets again leads by providing 15 drawing tools and 15 columns for watch lists, compared to Spreadex's 11 drawing tools and 8 watch list columns. Both platforms allow trading directly from stock charts. Despite these differences, both ThinkMarkets and Spreadex receive a solid 4-star rating for their trading platforms and tools. However, ThinkMarkets holds a higher rank at #28 among 63 brokers on ForexBrokers.com, compared to Spreadex at #46, indicating a stronger overall platform presence for ThinkMarkets in the trading community.
| 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.
Both ThinkMarkets and Spreadex offer comprehensive mobile trading programs for iPhone and Android users. ThinkMarkets shines with an impressive suite of 94 technical studies available for charting, providing a broad range of options for in-depth analysis. Notably, both apps allow users to draw trendlines and view different time frames on stock or forex charts. ThinkMarkets, however, has a slight edge in user experience as the app automatically saves chart drawings, a feature not available in Spreadex. Moreover, both brokers offer real-time quotes and price alerts, enhancing their utility for active traders.
When it comes to syncing capabilities, neither ThinkMarkets nor Spreadex offer watchlist symbol syncing between the mobile app and the client's online account. Despite these similarities, ThinkMarkets enjoys a slightly higher reputation in user reviews and rankings, scoring 20th out of 63 brokers, compared to Spreadex's 46th position in the Mobile Trading Apps category, speaking to its broader appeal and user satisfaction. Both apps have earned a solid 4-star rating, making them reliable choices for anyone seeking a mobile trading solution.
| 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.
When comparing the market research offerings of ThinkMarkets and Spreadex, both provide daily market commentary and offer forex news from renowned sources such as Bloomberg and Reuters. However, a significant difference is seen in their tool availability. Spreadex supports Autochartist, a well-known technical and fundamental analysis tool, while ThinkMarkets does not. Neither broker uses Trading Central tools or offers market research through TipRanks. However, ThinkMarkets provides research tools from Acuity Trading, such as Signal Centre, unlike Spreadex.
Both brokers offer a sentiment-based trading tool to track position ratios and maintain an economic calendar for global events. In terms of overall research capabilities, Spreadex slightly edges out with a 4-star rating compared to ThinkMarkets' 3.5 stars, as noted by ForexBrokers.com. When it comes to ranking among 63 brokers for research, Spreadex stands stronger at #31, while ThinkMarkets is positioned at #50. This suggests that while both have strengths in different areas, Spreadex may provide a slightly more comprehensive research experience overall.
| 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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| Trading Platforms Gallery (click to expand) | |||
| Mobile Trading Gallery (click to expand) | |||
| Research Gallery (click to expand) | |||
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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) | No | No | |
| 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) | 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 | 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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