Written by ForexBrokers.com
In this head to head comparison of Swissquote vs ThinkMarkets, 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.
When choosing between Swissquote and ThinkMarkets for online trading, understanding their regulatory credentials can help inform your decision. Swissquote, founded in 1996, distinguishes itself as a bank and a publicly traded company, adding an extra layer of transparency and trust for investors. It holds an impressive ForexBrokers.com Trust Score of 99 out of 99, reflecting its strong standing in the industry. Swissquote's credibility is further supported by five Tier-1 licenses and two Tier-2 licenses, signifying both high trust and added reliability.
ThinkMarkets, on the other hand, began operations in 2010 and is not publicly traded, nor is it a bank. Nonetheless, it maintains a very respectable ForexBrokers.com Trust Score of 92. Like Swissquote, ThinkMarkets is fortified by five Tier-1 licenses, ensuring a high level of confidence. It also holds two Tier-2 licenses, similar to Swissquote, marking it as a trusted choice in the online brokerage landscape. Whether prioritizing a longstanding, bank-backed institution or a relatively newer broker, both options bring reliable regulatory assurances to the table.
| Feature |
Swissquote
|
ThinkMarkets
|
|---|---|---|
| Year Founded | 1996 | 2010 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 5 |
| Tier-2 Licenses | 2 | 2 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 3 |
When comparing Swissquote to ThinkMarkets in terms of commissions and fees, it's vital to consider the distinct advantages each broker offers. Swissquote, renowned for its association with a Swiss banking conglomerate, commands a slight premium on its services. While it brings the security of Swiss banking, it does not lead the pack with its trading costs. Specifically, Swissquote holds a 3.5-star rating and ranks #53 out of 63 brokers in the commissions and fees category according to ForexBrokers.com. Their U.K. entity provides relatively lower costs and deposit requirements compared to their branches in Switzerland and Luxembourg, with spread offerings that begin at 0.6 pips for their Prime account holders.
ThinkMarkets, though it does not have available data on average spreads, stands out slightly better in terms of commissions and fees, scoring a 4-star rating and placing #47 in the same category. This suggests their fee structure is more competitive compared to Swissquote, making it potentially a better choice for traders focused on cost efficiency. The lack of detailed spread data might be a consideration, yet their market reputation indicates a reasonable pricing structure.
Overall, while Swissquote attracts clients with the prestige of a Swiss bank backing, ThinkMarkets offers a more competitive edge when focusing specifically on costs, standing ahead in rankings and ratings for commissions and fees. Understanding these distinctions can help traders decide which broker aligns best with their financial goals and trading habits.
| Feature |
Swissquote
|
ThinkMarkets
|
|---|---|---|
| Minimum Deposit | $1000 | $50 |
| Average Spread EUR/USD - Standard | N/A | 1.1 |
| All-in Cost EUR/USD - Active | N/A | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| 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 comparing Swissquote and ThinkMarkets, both platforms allow you to trade forex with contracts for difference (CFDs) or spot contracts. However, Swissquote provides access to a total of 472 tradeable symbols, significantly less than ThinkMarkets’ expansive offering of 4000 symbols. In terms of forex pairs, Swissquote pulls ahead with 80 available pairs, compared to ThinkMarkets’ 46. Additionally, Swissquote stands out by enabling clients to purchase exchange traded securities on both U.S. and international exchanges, whereas ThinkMarkets limits its service to international exchanges only.
Both Swissquote and ThinkMarkets support copy trading, allowing users to mirror the trades of experienced investors easily. When it comes to cryptocurrency, Swissquote offers more flexibility by allowing clients to buy actual cryptocurrencies and derivatives, while ThinkMarkets restricts its offering to just cryptocurrency derivatives. Given the breadth of Swissquote’s investment options, it boasts a 5-star rating and ranks second out of 63 brokers on ForexBrokers.com for its range of investments. ThinkMarkets earns a respectable 4.5-star rating and ranks 22nd, indicating a solid, yet slightly more limited, investment range.
| Feature |
Swissquote
|
ThinkMarkets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 4000 |
| Forex Pairs (Total) | 80 | 46 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | 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 Swissquote and ThinkMarkets in terms of their trading platforms and tools, both brokers have commendable offerings to suit different trading styles. Swissquote and ThinkMarkets each provide free virtual demo accounts for practice, helping traders gain confidence without financial risk. Developed in-house, both brokers also offer proprietary trading platforms alongside industry-standard MetaTrader 4 and 5, allowing traders various options to suit their preferences. For those interested in social trading, both Swissquote and ThinkMarkets make copy trading available, although they do not support DupliTrade or ZuluTrade. Swissquote, however, outshines ThinkMarkets with 75 drawing tools compared to ThinkMarkets' 15, offering more versatility for technical analysis. Both platforms allow users to place trades directly from stock charts, enhancing functionality.
Swissquote further distinguishes itself with 11 columns for watch lists, providing a detailed view of market data, while ThinkMarkets offers a more extensive 15 columns catering to broader data points. Rated 4.5 stars for trading platforms and tools, Swissquote edges out ThinkMarkets, which holds a 4-star rating from ForexBrokers.com. Additionally, Swissquote ranks #12 out of 63 brokers, compared to ThinkMarkets' rank of #28, indicating a higher overall satisfaction and performance in this category. These factors make Swissquote an attractive choice for traders emphasizing platform innovation and comprehensive tools, while ThinkMarkets presents a solid contender with a broad range of features and data expansiveness.
| Feature |
Swissquote
|
ThinkMarkets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| 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) | 86 | 30 |
| Charting - Drawing Tools (Total) | 75 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 15 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Swissquote and ThinkMarkets provide solid choices for those trading on the go. Available for both iPhone and Android users, these apps enable convenient access to trading information anytime. You'll find the usual features such as stock or forex price alerts and the ability to create a personalized watchlist with real-time quotes. Both brokers also support key charting functions like drawing trendlines and exploring multiple time frames, ensuring traders can analyze market trends effectively within the app. However, neither offers the convenience of watchlist symbol syncing, which means changes made in the mobile app don’t sync automatically with your online account.
Swissquote and ThinkMarkets differ notably in the number of technical studies offered; Swissquote provides 30 studies, while ThinkMarkets offers an extensive 94, allowing for more in-depth technical analysis. Additionally, while both apps excel in features like auto-saving chart drawings, their overall ratings and rankings reflect different user satisfaction levels. Swissquote receives a favorable 4.5-star rating and ranks 12th out of 63 brokers according to ForexBrokers.com. Meanwhile, ThinkMarkets earns a 4-star rating and is ranked 20th, suggesting that users might find Swissquote slightly more appealing for mobile trading.
| Feature |
Swissquote
|
ThinkMarkets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 94 |
| 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 comparing the market research offerings of Swissquote and ThinkMarkets, both brokers provide daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters, ensuring traders stay informed. Swissquote stands out by offering tools from Autochartist, aiding in technical and fundamental analysis, which ThinkMarkets does not provide. However, ThinkMarkets offers unique features such as sentiment-based trading tools and research tools from Acuity Trading, enhancing their market insights. Unfortunately, neither broker offers resources from Trading Central or market research from TipRanks.
Both brokers include an economic calendar, showcasing important global events that can impact trading. In terms of rating, Swissquote leads with a 4-star research rating and ranks 16th out of 63 brokers on ForexBrokers.com, while ThinkMarkets holds a 3.5-star rating and is positioned at 50th. This suggests that while both platforms are strong contenders in market research, Swissquote may provide a slight edge for those seeking comprehensive analysis tools.
| Feature |
Swissquote
|
ThinkMarkets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Swissquote and ThinkMarkets, both online brokers offer substantial educational resources for those new to forex and CFDs trading. Beginners can find over ten educational pieces, including articles and videos, on each platform. Both brokers also provide online webinars every month, along with a comprehensive archive for catching up on past sessions. This setup is ideal for new traders who can benefit from continuous learning opportunities. Furthermore, both Swissquote and ThinkMarkets offer a wide selection of more than ten beginner-focused videos to help build foundational trading knowledge.
In addition to resources for newcomers, Swissquote and ThinkMarkets also feature advanced educational videos aimed at more experienced traders. Each platform includes an investor dictionary with over fifty investing terms, making it easier for traders to understand the terminology used in the financial world. Despite these similarities, Swissquote slightly edges out ThinkMarkets in terms of educational rankings, earning four stars compared to ThinkMarkets' 3.5 stars according to ForexBrokers.com. Swissquote is ranked #21 out of 63 brokers, while ThinkMarkets stands at #52, indicating a stronger reputation for educational offerings.
| Feature |
Swissquote
|
ThinkMarkets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| 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 Swissquote is better than ThinkMarkets. Swissquote finished with an overall rank of #11, while ThinkMarkets finished with an overall rank of #27.
Traders choose Swissquote for its quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.
| Feature |
Swissquote
|
ThinkMarkets
|
|---|---|---|
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| Trust Score | 99 | 92 |
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When comparing Swissquote and ThinkMarkets for cryptocurrency trading, Swissquote provides the option to purchase actual delivered cryptocurrency and also offers cryptocurrency derivatives, whereas ThinkMarkets only provides the ability to trade in cryptocurrency derivatives without the option to buy the actual cryptocurrency.
When comparing Swissquote and ThinkMarkets, Swissquote stands out by offering a wider range of deposit and withdrawal options including ACH or SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, whereas ThinkMarkets, though accepting Skrill, Visa or Mastercard, and bank wires, does not provide ACH or SEPA transfers or PayPal as funding options.
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 | Swissquote | ThinkMarkets | |
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| Trust Score | 99 | 92 | |
| Winner | check_circle | ||
| Review | Swissquote Review |
| Broker Screenshots | Swissquote | ThinkMarkets | |
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| Regulation | Swissquote | ThinkMarkets | |
|---|---|---|---|
| Trust Score | 99 | 92 | |
| Year Founded | 1996 | 2010 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 5 | |
| Tier-2 Licenses | 2 | 2 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 3 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | ThinkMarkets | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | Yes | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | Swissquote | ThinkMarkets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Swissquote | ThinkMarkets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 4000 | |
| Forex Pairs (Total) | 80 | 46 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | 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 | Swissquote | ThinkMarkets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.1 | |
| 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 | Swissquote | ThinkMarkets | |
|---|---|---|---|
| Minimum Deposit | $1000 | $50 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Swissquote | ThinkMarkets | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| 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 | Swissquote | ThinkMarkets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 15 | |
| Charting - Indicators / Studies (Total) | 86 | 30 | |
| Charting - Drawing Tools (Total) | 75 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | ThinkMarkets | |
|---|---|---|---|
| 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 | 30 | 94 | |
| 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 | Swissquote | ThinkMarkets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | ThinkMarkets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Swissquote | ThinkMarkets | |
|---|---|---|---|
| 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 | Swissquote Review |
| Overall | Swissquote | ThinkMarkets | |
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| Trust Score | 99 | 92 | |
| Winner | check_circle | ||
| Review | Swissquote Review |
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