Our ForexBrokers.com team spent seven months and hundreds of hours assessing 43 different forex broker accounts
for trading FX. In total, over 6,000 data points were collected. For this review, we will compare ThinkMarkets vs XTB.
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. Both ThinkMarkets and XTB hold a 4.00 star rating.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. Both ThinkMarkets and XTB are regulated in a major hub. XTB is a publicly traded company while ThinkMarkets is not. How many currency pairs are available to trade? XTB offers its clients access to 49 different currency pairs while ThinkMarkets has 33 available pairs, a difference of 16.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. ThinkMarkets alongside XTB offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Both ThinkMarkets and XTB provide clients with access to 31 total charting tools. Both ThinkMarkets and XTB provide clients with access to 51 total indicators (eg, moving averages).
Overall, both ThinkMarkets and XTB hold a 4.00 star rating. And, when it comes to individual category awards, XTB was rated Best in Class - Customer Service in 2018, while ThinkMarkets was rated none of these.