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 it comes to trading costs, both ThinkMarkets and Spreadex offer competitive options, making them popular choices for online brokers. ThinkMarkets provides a solid experience, earning a 4-star rating in the commissions and fees category. However, specific details on average spreads for ThinkMarkets are not publicly available, which can make it a bit challenging for traders to precisely gauge expected costs. Despite this, ThinkMarkets ranks 48th out of 62 brokers on ForexBrokers.com, highlighting its respectable standing in the industry.
In contrast, Spreadex also boasts a 4-star rating for commissions and fees, suggesting a similar level of client satisfaction. What sets Spreadex apart is the transparency in their pricing. For example, their average spreads for EUR/USD were noted at 0.81 pips in January 2024, with a noteworthy minimum spread of 0.6 pips achieved 60% of the time during that month. This level of detail offers traders a clearer picture of potential trading costs. Due to such competitive pricing structures, Spreadex holds a higher rank, coming in at 30th out of 62 brokers reviewed by ForexBrokers.com.
Ultimately, whether you choose ThinkMarkets or Spreadex, both options provide attractive conditions for traders focusing on commissions and fees. ThinkMarkets is a solid option, but for those seeking more transparency and detailed spread information, Spreadex might hold the edge. These choices allow traders to align their selection based on their trading needs and preferences, ensuring a fitting balance between cost and value.
| 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 ThinkMarkets and Spreadex based on their range of investments, both brokers exhibit unique strengths. ThinkMarkets provides access to 4,000 tradeable symbols, which include an opportunity for forex enthusiasts to trade 46 forex pairs. Notably, ThinkMarkets allows trading international exchange-traded securities, granting clients the chance to invest in shares like Vodafone. Furthermore, the platform supports copy trading, catering to those interested in mimicking successful trading strategies. For cryptocurrency investors, ThinkMarkets offers cryptocurrency derivatives but not actual cryptocurrencies. With these features, ThinkMarkets earns a solid rating of 4.5 stars in the range of investments category and is positioned at #21 according to ForexBrokers.com.
On the other hand, Spreadex impresses with a broader palette of 10,000 tradeable symbols, including 52 forex pairs. Although it doesn't provide access to international exchange-traded securities, its overall offering is well-regarded, securing a top score of 5 stars for the range of investments. Unfortunately, Spreadex does not support copy trading, which could be a consideration for traders interested in such functionalities. Similar to ThinkMarkets, Spreadex offers cryptocurrency derivatives but not the actual cryptocurrencies. These offerings help Spreadex achieve a commendable rank of #13 in the range of investments category by ForexBrokers.com. Overall, both brokers cater to a variety of investor needs, with Spreadex gaining a slight edge in this comparison.
| 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 the trading platforms and tools of ThinkMarkets and Spreadex, both brokers offer simulated, paper trading with free virtual demo accounts, which is perfect for beginners looking to practice without financial risk. They each provide proprietary platforms developed in-house, allowing users to benefit from a tailored trading environment. While ThinkMarkets offers a Windows-based desktop download platform, Spreadex does not, limiting its platform reach to web-based access. On a similar note, ThinkMarkets supports popular software such as MetaTrader 4 and MetaTrader 5, offering advanced charting and analysis tools, which Spreadex does not accommodate. However, both brokers do not provide services like DupliTrade or ZuluTrade.
Charting capabilities differ slightly between the two, with ThinkMarkets offering 15 drawing tools for chart editing compared to Spreadex's 11. Both brokers allow traders to execute trades directly from a chart for convenience. When it comes to organizing and personalizing watch lists, ThinkMarkets provides more flexibility with 15 fields, whereas Spreadex allows for 8. Despite their differences, both platforms have received a commendable rating of 4 stars for their platforms and tools. Yet, according to ForexBrokers.com, ThinkMarkets ranks higher at #27, compared to Spreadex at #46, indicating a broader acknowledgment of ThinkMarkets' offerings 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.
ThinkMarkets and Spreadex both offer comprehensive mobile trading apps for iPhone and Android users. Each platform provides features like stock and forex price alerts, the ability to draw trendlines on charts, and view various time frames such as daily, weekly, and intraday. Users can create watchlists with real-time quotes on both apps. However, while neither app offers the convenience of syncing watchlists between a mobile device and an online account, ThinkMarkets stands out with 94 technical studies for charting, as compared to Spreadex, which does not specify a number of technical studies available.
When it comes to usability, ThinkMarkets is slightly more user-friendly with its ability to auto-save chart drawings, a feature Spreadex lacks. Both apps receive a 4-star rating for mobile trading from users. However, ThinkMarkets ranks higher in user satisfaction compared to Spreadex, securing the 20th spot in ForexBrokers.com's ranking of 62 brokers, while Spreadex ranks at 49. This positioning reflects ThinkMarkets' broader appeal and more advanced functionality in the mobile trading app landscape.
| 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.
ThinkMarkets and Spreadex both provide daily market commentary and forex news from leading sources like Bloomberg and Reuters. These aspects ensure traders are well-informed with the latest market developments. While neither ThinkMarkets nor Spreadex includes tools from Trading Central or market research from TipRanks, both offer sentiment-based trading tools that reveal long and short position ratios on various currency pairs. Additionally, an economic calendar showing upcoming global events is available from both brokers, keeping users updated on significant economic news.
For advanced tools, Spreadex stands out by offering research from Autochartist, whereas ThinkMarkets provides tools from Acuity Trading, like Signal Centre. Spreadex edges ahead with a research rating of 4 stars, compared to ThinkMarkets' 3.5 stars, and ranks higher in ForexBrokers.com's research category at #31 out of 62 brokers, while ThinkMarkets is positioned at #50. These distinctions highlight each broker’s strengths, making Spreadex slightly more appealing for traders seeking comprehensive market research resources.
| 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 it comes to educational resources for beginners, both ThinkMarkets and Spreadex present strong offerings for those diving into the world of forex and CFDs. Both platforms provide a wealth of educational material, including over ten articles, videos, and webinars that target these trading areas. ThinkMarkets excels by offering monthly online webinars along with a searchable archive of past sessions, an advantage for learners wanting continuity and easy access to information. In terms of video content, both brokers cater to beginners with more than ten dedicated educational videos, yet ThinkMarkets distinguishes itself further by having advanced content for experienced traders.
Additionally, both ThinkMarkets and Spreadex provide substantial investor dictionaries, featuring definitions of over fifty investing terms. While both have commendable educational resources, Spreadex edges out with a slightly higher user rating of 4 stars compared to ThinkMarkets' 3.5 stars. Within the ForexBrokers.com rankings, Spreadex is positioned at #45 while ThinkMarkets stands at #52. This difference highlights Spreadex’s slightly better reputation in education quality among the competition, although both brokers present valuable learning platforms for aspiring traders.
| 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 62 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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| Mobile Trading 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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