After spending seven months and hundreds of hours researching 43 different forex brokers
for trading FX, our team at ForexBrokers.com team collected over 6,000 data points. For this review, we will compare ThinkMarkets vs Vantage FX.
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. ThinkMarkets received a rating of 4.00 stars over Vantage FX's 3.50 stars.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. ThinkMarkets and Vantage FX both are regulated in a major hub. ThinkMarkets nor Vantage FX are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. Vantage FX boasts an offering of 38 different currency pairs compared to ThinkMarkets's 33 available pairs.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. ThinkMarkets and Vantage FX both offer Meta Trader. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. ThinkMarkets and Vantage FX offer the same number of charting tools, 31. Both brokers offer clients access to the same number of indicators (eg, moving averages), 51.
Overall, ThinkMarkets boasts 4.00 stars versus Vantage FX's 3.50 stars. And, when it comes to individual category awards, unfortunately, neither ThinkMarkets nor Vantage FX received awards Best in Class - Platforms & Tools, Best in Class - Research, Best in Class - Customer Service, Best in Class - Active Trading, Best in Class - Mobile Trading and Best in Class - Investor Education.