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ThinkMarkets vs TopFX 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is ThinkMarkets better than TopFX? In our analysis of 23 international regulators across 62 of the best forex brokers, ThinkMarkets is considered average-risk, with an overall Trust Score of 86 out of 99. TopFX is considered high-risk, with an overall Trust Score of 67 out of 99. Learn more about Trust Score.

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Overall RatingThinkMarketsTopFX
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 3.5/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3/5 Stars 3/5 Stars
Education 3.5/5 Stars 3/5 Stars
Trust Score 86 67
Winner check_circle
Review TopFX Review
RegulationThinkMarketsTopFX
Trust Score 86 67
Year Founded 2010 2010
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union Yes info No info
Tier-1 Licenses 2 0
Tier-2 Licenses 2 1
Tier-3 Licenses 0 0
Tier-1 Licenses (High Trust)ThinkMarketsTopFX
ASIC Authorised (Australia) Yes No
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) Yes No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes No
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)ThinkMarketsTopFX
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes Yes
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) Yes No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No No
Tier-3 Licenses (Low Trust)ThinkMarketsTopFX
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsThinkMarketsTopFX
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 1674 655
Forex Pairs (Total) 46 60
U.S. Stock Trading (Non CFD) No No
Int'l Stock Trading (Non CFD) No No
Social Trading / Copy Trading Yes Yes
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) 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).
CostThinkMarketsTopFX
Average Spread EUR/USD - Standard N/A N/A
All-in Cost EUR/USD - Active N/A N/A
Active Trader or VIP Discounts Yes No
Execution: Agency Broker Yes No
Execution: Market Maker Yes Yes
FundingThinkMarketsTopFX
Minimum Initial Deposit $250.00 Depends on payment method
PayPal (Deposit/Withdraw) No Yes
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsThinkMarketsTopFX
Proprietary Platform Yes No
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
Social Trading / Copy Trading Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) Yes No
cTrader No Yes
DupliTrade No No
ZuluTrade Yes No
Trading ToolsThinkMarketsTopFX
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 15 7
Charting - Indicators / Studies (Total) 30 30
Charting - Drawing Tools (Total) 15 15
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingThinkMarketsTopFX
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 30
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave No Yes
Forex Calendar Yes Yes
ResearchThinkMarketsTopFX
Daily Market Commentary Yes No
Forex News (Top-Tier Sources) Yes Yes
Autochartist No Yes
Trading Central (Recognia) Yes Yes
Social Sentiment - Currency Pairs No Yes
Economic Calendar Yes Yes
EducationThinkMarketsTopFX
Has Education - Forex or CFDs Yes No
Client Webinars Yes No
Client Webinars (Archived) Yes No
Videos - Beginner Trading Videos Yes No
Videos - Advanced Trading Videos No No
Investor Dictionary (Glossary) Yes No
Major Forex PairsThinkMarketsTopFX
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 TopFX Review
OverallThinkMarketsTopFX
Overall Rating 4/5 Stars 3.5/5 Stars
Commissions & Fees 3.5/5 Stars 4/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3/5 Stars 3/5 Stars
Education 3.5/5 Stars 3/5 Stars
Trust Score 86 67
Winner check_circle
Review TopFX Review
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ThinkMarkets vs TopFX 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 ThinkMarkets vs TopFX.

Does ThinkMarkets or TopFX 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, TopFX offers better pricing overall for traders.

Is ThinkMarkets or TopFX 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. ThinkMarkets holds 2 global Tier-1 licenses, while TopFX holds 0. ThinkMarkets holds 2 global Tier-2 licenses, while TopFX holds 1. In our analysis of 23 international regulators across 50 brokers, ThinkMarkets earned a higher Trust Score than TopFX.

Which trading platform is better: ThinkMarkets or TopFX?

To compare the trading platforms of both ThinkMarkets and TopFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TopFX offers a better experience. With research, ThinkMarkets offers superior market research. Finally, we found ThinkMarkets 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 ThinkMarkets and TopFX offer MetaTrader 4 (MT4).ThinkMarkets and TopFX both offer copy trading.

How many forex pairs and CFDs are available to trade?

TopFX provides traders 60 currency pairs (e.g., EUR/USD) compared to ThinkMarkets's 46 available pairs. Forex pairs aside, ThinkMarkets offers traders access to 1674 CFDs while TopFX has 655 available CFDs, a difference of 1019.

Can I trust ThinkMarkets?

ThinkMarkets is not publicly traded and does not operate a bank. ThinkMarkets is authorised by three tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). ThinkMarkets is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Japanese Financial Services Authority (JFSA), and the Financial Conduct Authority (FCA).

Can I trust TopFX?

TopFX is not publicly traded and does not operate a bank. TopFX is authorised by zero tier-1 regulators (high trust) and one tier-2 regulator (average trust).

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.

Is TopFX good?

TopFX offers the MetaTrader and cTrader platform suites, and grants access to a medium range of CFD markets and forex pairs. However, TopFX struggles to compete with the best brokers in several categories, including market research and education.

Overall winner: ThinkMarkets

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