Written by ForexBrokers.com
In this head to head comparison of ThinkMarkets vs TopFX, 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.
ThinkMarkets and TopFX, both established in 2010, provide online brokerage services with distinct regulatory profiles. ThinkMarkets demonstrates a strong position in trust with a ForexBrokers.com Trust Score of 92 out of 99, thanks to its five Tier-1 licenses and two Tier-2 licenses. These high-trust licenses contribute significantly to its credibility among investors. Meanwhile, TopFX holds one Tier-1 license but lacks Tier-2 licenses, resulting in a lower Trust Score of 67, indicating a higher risk level according to ForexBrokers.com ratings.
Neither ThinkMarkets nor TopFX is a publicly traded company or operates as a bank, which can influence investor perception regarding transparency and security. However, ThinkMarkets’ superior regulatory status makes it a more appealing choice for those seeking a broker with a high level of trust and security. In contrast, TopFX's limited licensing framework suggests potential investors should carefully consider the associated risks.
| Feature |
ThinkMarkets
|
TopFX
|
|---|---|---|
| Year Founded | 2010 | 2010 |
| 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 | 1 |
When comparing commissions and fees, both ThinkMarkets and TopFX earn 4 out of 5 stars from ForexBrokers.com. However, TopFX ranks higher at #41 out of 63 brokers for this category, while ThinkMarkets ranks #48. A key difference is data transparency: ThinkMarkets does not publish average spread data, which makes like-for-like cost comparisons harder.
TopFX offers two pricing options across MetaTrader and cTrader. The RAW account is commission-based, charging 2.75 EUR per side (5.50 EUR per round turn per standard lot). In July 2024, the RAW account’s average spread on EUR/USD was 0.33 pips; adding the commission equivalent of about 0.55 pips per round turn brings the estimated all-in cost to roughly 0.88 pips—around the industry average. The ZERO account is spread-only and commission-free, with a higher average spread of 1.03 pips on EUR/USD for July 2024. The minimum deposit depends on your chosen payment method.
ThinkMarkets holds a 4 out of 5 star rating and is ranked #48 out of 63 for Commissions and Fees. Because average spread data is not available, traders should review live quotes and account disclosures to understand likely trading costs before choosing between account types or platforms.
| Feature |
ThinkMarkets
|
TopFX
|
|---|---|---|
| Minimum Deposit | $50 | Depends on payment method |
| Average spread (EUR/USD) - Standard account | 1.1 | 1.03 |
| All-in Cost EUR/USD - Active | N/A | 0.88 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | ||
| Skrill (Deposit/Withdraw) | ||
| Bank Wire (Deposit/Withdraw) |
Dive deeper: Best Low Spread Forex Brokers.
ThinkMarkets vs TopFX: both brokers let you trade forex as CFDs or spot and support copy trading. ThinkMarkets lists about 4,000 total symbols, while TopFX offers around 655. If your focus is currency trading, TopFX has a slight edge with 60 forex pairs versus 46 at ThinkMarkets. For crypto exposure, both brokers provide cryptocurrency CFDs but do not offer direct, delivered crypto.
Neither broker lets you buy U.S.-listed shares outright, but ThinkMarkets stands out by offering access to exchange-traded shares on certain international markets (not CFDs), whereas TopFX does not. Based on scope, ThinkMarkets earns 4.5/5 stars and ranks #24 out of 63 for Range of Investments, while TopFX scores 3.5/5 stars and ranks #47. In short: ThinkMarkets is stronger for overall market variety and international share dealing, while TopFX suits traders who want more forex pairs within a smaller product lineup.
| Feature |
ThinkMarkets
|
TopFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4000 | 655 |
| Forex Pairs (Total) | 46 | 60 |
| U.S. Stocks (Shares) | No | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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 TopFX both make it easy to get started with a free demo account for paper trading, and each provides Windows desktop and web-based platforms. ThinkMarkets adds a proprietary, in-house platform and supports MetaTrader 4 (MT4) as well as MetaTrader 5 (MT5), while TopFX offers MT4 but not MT5 and does not have its own proprietary platform. Both brokers support copy trading and let you place trades directly from charts. The exact counts for built-in technical indicators and watchlist columns aren’t specified for either broker.
For trading platforms and tools, both brokers earn 4 out of 5 stars. However, in ForexBrokers.com’s rankings, ThinkMarkets places #28 out of 63 brokers, while TopFX ranks #46. If you want MT5 access and the option to use a broker-built platform, ThinkMarkets is the better fit. If you’re focused on MT4 with standard web and desktop access plus copy trading, TopFX covers the essentials.
| Feature |
ThinkMarkets
|
TopFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
ThinkMarkets and TopFX both offer mobile trading apps for iPhone and Android, along with stock and forex price alerts. Neither app syncs watchlists between mobile and the online account, so changes won’t carry over automatically.
For charting, ThinkMarkets provides 94 technical studies (indicators) versus 30 with TopFX; both apps let you draw trendlines and automatically save your drawings. Each earns 4 stars for Mobile Trading Apps, but ForexBrokers.com ranks ThinkMarkets higher at #20 out of 63 brokers, compared with TopFX at #52. If you value deeper charting options, ThinkMarkets may be the better fit, while TopFX can handle core mobile trading needs.
| Feature |
ThinkMarkets
|
TopFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 94 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
If you’re comparing ThinkMarkets vs. TopFX for market research, ThinkMarkets provides daily market commentary while TopFX does not. Both brokers deliver forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones, and each offers an economic calendar to track upcoming events. For trader sentiment, both include tools showing the ratio of long and short positions.
When it comes to third-party research tools, TopFX integrates Autochartist and Trading Central, while ThinkMarkets does not offer those two. ThinkMarkets does include tools from Acuity Trading (e.g., Signal Centre); TipRanks is not offered. For TopFX, availability of TipRanks and Acuity Trading is not specified. Overall, ForexBrokers.com rates ThinkMarkets 3.5/5 for Research (ranked 51st of 63), compared to TopFX at 3/5 (ranked 61st of 63).
| Feature |
ThinkMarkets
|
TopFX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | No | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | |
| Acuity Trading | Yes | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners comparing ThinkMarkets vs TopFX on forex and CFD education, ThinkMarkets offers more ways to learn. It runs client webinars at least once a month and provides a dedicated library with 10+ beginner videos, plus 10+ advanced videos so you can grow your skills over time. That mix makes it easier for newcomers to find step‑by‑step guidance. TopFX, by contrast, does not host monthly educational webinars and does not offer 10 beginner or 10 advanced videos, so its learning options for first‑time traders are more limited.
Ratings back this up: ForexBrokers.com scores ThinkMarkets 3.5/5 for Education (ranked 52 of 63), while TopFX earns 3/5 (ranked 62 of 63). If you want steady webinars and a larger set of beginner videos, ThinkMarkets is the stronger pick. If you only need a small set of materials and plan to learn elsewhere, TopFX could still be sufficient.
| Feature |
ThinkMarkets
|
TopFX
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
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 TopFX. ThinkMarkets finished with an overall rank of #27, while TopFX finished with an overall rank of #62.
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
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TopFX
|
|---|---|---|
| Overall Rating |
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| Trust Score | 92 | 67 |
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Online brokers ThinkMarkets and TopFX do not let you buy actual (delivered) cryptocurrency, but both support trading cryptocurrency CFDs.
ThinkMarkets vs TopFX: Neither broker supports ACH or SEPA transfers for deposits or withdrawals, and details on other funding options—such as PayPal, Skrill, Visa/Mastercard, or bank wire—were not specified.
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 | TopFX | |
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| Trust Score | 92 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
| Broker Screenshots | ThinkMarkets | TopFX | |
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| Broker Gallery (click to expand) |
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| Regulation | ThinkMarkets | TopFX | |
|---|---|---|---|
| Trust Score | 92 | 67 | |
| Year Founded | 2010 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes | |
| Tier-1 Licenses | 5 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | ThinkMarkets | TopFX | |
|---|---|---|---|
| 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 | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | Yes |
| Tier-2 Licenses (Trusted) | ThinkMarkets | TopFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | ThinkMarkets | TopFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4000 | 655 | |
| Forex Pairs (Total) | 46 | 60 | |
| U.S. Stocks (Shares) | No | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | TopFX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.1 | 1.03 | |
| All-in Cost EUR/USD - Active | N/A | 0.88 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | ThinkMarkets | TopFX | |
|---|---|---|---|
| Minimum Deposit | $50 | Depends on payment method | |
| PayPal (Deposit/Withdraw) | |||
| Skrill (Deposit/Withdraw) | |||
| Bank Wire (Deposit/Withdraw) | |||
| Non-wire bank transfer | No | No |
| Trading Platforms | ThinkMarkets | TopFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | Yes |
| Trading Tools | ThinkMarkets | TopFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | ThinkMarkets | TopFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 94 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | ThinkMarkets | TopFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | No | Yes | |
| TipRanks | No | ||
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | ThinkMarkets | TopFX | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | ThinkMarkets | TopFX | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | TopFX Review |
| Overall | ThinkMarkets | TopFX | |
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| Trust Score | 92 | 67 | |
| Winner | check_circle | ||
| Review | TopFX Review |
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