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Swissquote vs ThinkMarkets 2023

ForexBrokers.com

Written by ForexBrokers.com

August 29, 2023

Is Swissquote better than ThinkMarkets? In our analysis of 23 international regulators across 62 of the best forex brokers, Swissquote is considered Highly Trusted, with an overall Trust Score of 99 out of 99. ThinkMarkets is considered Trusted, with an overall Trust Score of 88 out of 99. Learn more about Trust Score.

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Compare

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Overall Rating Swissquote ThinkMarkets
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 3.5/5 Stars 3.5/5 Stars
Offering of Investments 5/5 Stars 4/5 Stars
Platform & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 99 88
Winner check_circle
Review Swissquote Review
Broker Screenshots Swissquote ThinkMarkets
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation Swissquote ThinkMarkets
Trust Score info 99 88
Year Founded info 1996 2010
Publicly Traded (Listed) info Yes No
Bank info Yes No
European Union Authorised (MiFID) info Yes info Yes info
Tier-1 Licenses info 5 5
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 2
Tier-1 Licenses (Highly Trusted) Swissquote ThinkMarkets
Australia (ASIC Authorised) info No Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info Yes No
Japan (SFC Authorised) info No Yes
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No Yes
European Union Authorised (MiFID) info Yes info Yes info
Tier-2 Licenses (Trusted) Swissquote ThinkMarkets
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments Swissquote ThinkMarkets
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 472 4000
Forex Pairs (Total) info 78 46
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info Yes Yes info
Cryptocurrency (Physical) info Yes No
Cryptocurrency (Derivative) info No Yes info
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 Swissquote ThinkMarkets
Average Spread EUR/USD - Standard info N/A info N/A info
All-in Cost EUR/USD - Active info N/A info N/A info
Active Trader or VIP Discounts info Yes Yes
Inactivity Fee info Yes No
Execution: Agency Broker info Yes Yes
Execution: Market Maker info Yes Yes
Funding Swissquote ThinkMarkets
Minimum Deposit info $1000 $0 info
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Trading Platforms Swissquote ThinkMarkets
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes info
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools Swissquote ThinkMarkets
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 10 15
Charting - Indicators / Studies (Total) info 49 30
Charting - Drawing Tools (Total) info 275 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading Swissquote ThinkMarkets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Forex Calendar info Yes Yes
Research Swissquote ThinkMarkets
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info No Yes
Economic Calendar info Yes Yes
Education Swissquote ThinkMarkets
Education (Forex or CFDs) info Yes Yes
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs Swissquote ThinkMarkets
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review Swissquote Review
Overall Swissquote ThinkMarkets
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 3.5/5 Stars 3.5/5 Stars
Offering of Investments 5/5 Stars 4/5 Stars
Platform & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 99 88
Winner check_circle
Review Swissquote Review
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Swissquote vs ThinkMarkets Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare Swissquote vs ThinkMarkets.

Does Swissquote or ThinkMarkets offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Swissquote offers better pricing overall for traders.

Is Swissquote or ThinkMarkets safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both Swissquote and ThinkMarkets hold 5 global Tier-1 licenses. Both Swissquote and ThinkMarkets hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, Swissquote (99) earned a higher Trust Score than ThinkMarkets (88).

Which trading platform is better: Swissquote or ThinkMarkets?

To compare the trading platforms of both Swissquote and ThinkMarkets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Swissquote offers a better experience. With research, Swissquote offers superior market research. Finally, we found Swissquote to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both Swissquote and ThinkMarkets offer MetaTrader 4 (MT4).Swissquote and ThinkMarkets both offer copy trading.

How many forex pairs and CFDs are available to trade?

Swissquote provides traders 78 currency pairs (e.g., EUR/USD) compared to ThinkMarkets's 46 available pairs. Forex pairs aside, ThinkMarkets offers traders access to 4000 CFDs while Swissquote has 472 available CFDs, a difference of 3528.

Can I trust Swissquote?

Swissquote is a publicly traded company, operates a regulated bank, and is authorised by five tier-1 regulators (Highly Trusted), one tier-2 regulator (Trusted), zero tier-3 regulators (Average Risk), and zero tier-4 regulators (High Risk). Swissquote is authorised by the following tier-1 regulators: Securities Futures Commission (SFC), Monetary Authority of Sinagpore (MAS), Swiss Financial Market Supervisory Authority (FINMA), Financial Conduct Authority (FCA), and the European Union Authorized (MiFID).

Can I trust ThinkMarkets?

ThinkMarkets is not publicly traded and does not operate a bank. ThinkMarkets is authorised by five tier-1 regulators (Highly Trusted), one tier-2 regulator (Average Risk), zero tier-3 regulators (low trust), and two tier-4 regulators (High Risk). ThinkMarkets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Japanese Financial Services Authority (JFSA), Financial Markets Authority (FMA), Financial Conduct Authority (FCA), and the European Union Authorized (MiFID).

Is Swissquote good?

Traders choose Swissquote for its quality research and vast multi-asset offering โ€“ as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.

Is ThinkMarkets good?

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.

Overall winner: Swissquote

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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